LAND AUCTION - 113.86+/- ACRES OFFERED IN 1 TRACT IN CASS COUNTY, INDIANA
Thu, Mar 16, 10:00 AM
Cass County, Indiana
Owner: Coffman/Klingel
• 113.86+/- Acres offered in 1 Tract • Excellent Soils • Great Location • An Excellent Opportunity to Purchase a Quality Farm • 9 miles north of Logansport, IN on SR 25 • 11 miles south of Rochester, IN on SR 25 • Online Bidding Available!
OPEN HOUSE/INSPECTION DATES
Wednesday, March 1st from 3-5pm Eastern
PROPERTY LOCATION
From Logansport, IN; take SR 25; 9+/- miles northeast to the property on the east side of SR 25; or from Rochester, IN; take SR 25 11+/- miles south on SR 25 to property on east side of SR 25.
AUCTION LOCATION
From west side of Logansport; US 24 & US 35; take US 35 North .7 mile to Delaware Rd., then go east .3 mile to Wm. Paca Lodge (1510 Delaware Rd., Logansport, IN).
TRACT DESCRIPTIONS
Tract 1: 113.9± ac parcel of land with quality soils. It has frontage on SR 25 & West Ditch. The Cass Co. FSA office indicates that this tract has 91.48 acres of tillable land with the balance in woods, ditch & road frontage. Per the Cass Co. Assessor Card there is a 30x70 metal quonset on this tract. The auction manager is informed that the woods were logged approx. 5 years ago.
FSA INFORMATION: Farm #4764
Tract #19525
Farmland 119.65 Acres
Cropland 91.48 Acres
Crop-Corn - Base-67.87 ac - PLC Yield-134
Crop-Soybean - Base-22.63 ac - PLC Yield-34
SOIL INFORMATION
SHERIFFS SALE: Schrader Real Estate and Auction Company, Inc. (Auction Company) is selling this property on behalf of the Sheriff of Cass County (Seller) pursuant to an order of the Cass County Superior Court I.
PURCHASE CONTRACT: Immediately following the close of bidding, the high bidder shall sign a purchase contract in the form provided in the bidder packets. All information contained in this sale brochure and other marketing materials is subject to the terms and conditions contained in the written purchase contract. Seller shall not be bound by any statement, promise or inducement that is not contained or incorporated in the written purchase contract.
DOWN PAYMENT: 10% of the purchase price will be due as a down payment on the day of auction, with the balance due at closing. The down payment may be made in the form of cashiers check, personal check or corporate check.
CLOSING: The balance of the purchase price will be due at closing within 30 days after the auction. YOUR BIDDING IS NOT CONTINGENT UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.
POSSESSION: Possession will be delivered at closing.
REAL ESTATE TAXES: Real estate taxes assessed for the calendar year 2016 (due in 2017) will be charged to Seller and paid out of Sellers proceeds at closing. Buyer will assume and pay real estate taxes assessed for the entire calendar year 2017 (due in 2018).
DEED: The property will be conveyed by sheriffs deed.
TITLE INSURANCE: Buyer will receive a standard owners title insurance policy in the amount of the purchase price. Title insurance costs will be charged to Seller and paid out of Sellers proceeds at closing. Preliminary title insurance schedules will be available for review prior to the auction.
SURVEY: The property will be conveyed using the existing legal description without obtaining a new survey.
TRACT MAP; ACRES: The advertised acres and aerial tract map in the marketing materials are based on county tax parcel data and county GIS maps. They are approximations only and are not provided as survey products.
PROPERTY INSPECTION: The scheduled inspection date will be staffed with auction personnel. Seller and Auction Company disclaim any and all responsibility for the safety of prospective bidders and other persons during any physical inspection of the property. No person shall be deemed an invitee with respect to the property by virtue of its being offered for sale.
THIS PROPERTY IS OFFERED AS IS, WHERE IS. NO WARRANTY OR REPRESENTATION, STATED OR IMPLIED, IS MADE BY SELLER OR AUCTION COMPANY CONCERNING THE PROPERTY. Prospective bidders are responsible for conducting their own independent inspections, investigations, inquiries and due diligence concerning the property. The information contained in this brochure and other marketing materials is provided subject to bidders independent verification. Seller and Auction Company assume no liability for any inaccuracies, errors or omissions in such materials. All sketches and dimensions are approximate.
AGENCY: Schrader Real Estate and Auction Company, Inc. and its representatives are exclusively the agents of the Seller.
CONDUCT OF AUCTION: The conduct of the auction and increments of bidding will be at the direction and discretion of the auctioneer. Seller and its agents reserve the right to preclude any person from bidding if there is any question as to the persons identity, credentials, fitness, etc. All decisions of the auctioneer at the auction are final.
CHANGES: Please arrive prior to scheduled auction time to review any changes or additional information. AUCTION DAY ANNOUNCEMENTS WILL TAKE PRECEDENCE OVER THE MARKETING MATERIALS AND ANY OTHER PRIOR STATEMENTS.
Stock Photos: This brochure contains stock photos depicting deer and an ear of corn which were not taken on the auction property.
JIM HAYWORTH
(888) 808-8680
(765) 427-1913 (cell)
Email Agent