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2 GRAIN COMPLEXES AUCTION IN FOUNTAIN & MONTGOMERY COUNTIES, INDIANA
Fri, Oct 14, 1:00 PM
Ladoga, Indiana & Hillsboro, Indiana - Fountain & Montgomery Counties, Indiana

Owner: New Winchester, LLC

• 2 Grain Complexes • (1) in Fountain Co., IN • (1) in Montgomery Co., IN • Online Bidding Available

OPEN HOUSE/INSPECTION DATES
Tuesday, October 4 from 1-3PM

PROPERTY LOCATION
2335 E, SR 32, HILLSBORO, IN
10643 S 875 E, LADOGA, IN

AUCTION LOCATION
Holiday Inn Express, 2506 Lafayette Rd., Crawfordsville, IN - 1/2 mi. south of I-74 on US 231

PROPERTY DESCRIPTION
GRAIN COMPLEX 1 - 2335 E, SR 32, HILLSBORO, IN
Size: 13.686 Acres.
Zoning: Industrial - 390 - Grain Elevator.
Improvements: Office, Old Mill, & Scale.
Office - 24 ft.x40 ft., 960 sq. ft.
Old Mill - 40 ft.x88 ft., 3520 sq. ft.
RE Taxes: $7,596.77/6 months
Grain Bins: 2014 - 525,000 bu. grain bin; 2015 - 630,000 bu. grain bin
Dump Pit: 2014 - (2) 7,000 bu. overhead
Load-out bins on steel structures.
Small wood frame building at the dump site w/ electrical room.
Metal Quonset building that could be used for grain storage - 150,000 bu. - equipment storage. (2) 25,000 bu. grain bins. (1) 19,490 bu. grain bin. (1) 18,500 bu. grain bin. (2) 16,800 bu. grain bins. (1) 9,500 bu. grain bin. (1) 3,000 bu. drier. (2) LP tanks.
Following items are NOT included in the purchase price of the Hillsboro Property: 2014 Rice Lake Survivor 12x70 transport truck scale; 2014 Neco D 24380 24 tier Mix o grain dryer; 2014 Brock 27 ft. 39 ring commercial grain bin; 2014 Creamer HD 4500 95 ft. grain leg; 2014 Creamer HD 4500 145 ft. grain leg; 2014 Union Iron truck probe; 2014 Integris temperature & moisture grain monitoring system. These (7) items are leased from First Farmers Bank & Trust. Any potential buyer of the Hillsboro Property that desires to acquire these (7) items must negotiate a separate purchase price for these items with First Farmers Bank & Trust. The contact
person for First Farmers is D. Norman Lavengood, at 123 N. Jefferson, Converse, IN 46919, 765-395-3316.

GRAIN COMPLEX 2 - 10643 S 875 E, LADOGA, IN
Size: 1.15 Acres
Zoning: Ag
Improvements: 710,000 bushel bin built in 2013
12,000 bu./hr capacity
140 ft. grain leg
82 ft. overhead drag conveyor

• LADOGA, INDIANA
  
• HILLSBORO, INDIANA
  

• LADAGA, IN
  
• HILLSBORO, IN
  

• HILLSBORO
  
• LADOGA
  

TERMS & CONDITIONS: A down payment equal to ten percent (10%) of the total contract purchase price shall be due immediately after the bidding concludes. Personal checks will be acceptable for the down payment.

The remainder of the purchase price shall be paid in cash at closing. The Buyers obligation to purchase shall not be subject to any contingency relating to the Buyers ability to obtain a loan or other financing from a third party.

The targeted closing deadline shall be the first business day that is at least 30 days after the date of the Auction. Closing shall be held on or before the targeted closing deadline or as soon as possible thereafter upon completion of the survey, if applicable, the final title commitment and the Sellers closing documents. The closing agents fee for an administered closing will be shared equally (50:50) between Buyer and Seller. Buyer will pay all charges related to any loan obtained by Buyer.

Real estate taxes assessed against and attributable to the Purchased Tract shall be prorated on a calendar year basis to the date of closing.

Possession of the Purchased Tract shall be delivered at closing; provided, however: (1) Seller agrees to grant a license for Buyer to enter upon the Purchased Tract prior to closing pursuant to the terms of a pre-closing access agreement substantially in accordance with the terms and conditions set forth in the attached Exhibit (which provides for an additional 10% earnest money deposit for a total of 20%).