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493 Acres Offered in 6 Tracts
Mon, Mar 21, 10:00 AM
West of Portland, Indiana
Owner: Bob & Judy Huber
• 456 Tillable Acres • 34 Wooded Acres • Immediate Possession for 2011 Crop Year! • Extensive Systematic Tiling • A High Percentage of Pewamo Soils • 45 Minutes to Fort Wayne • 90 Minutes to Indianapolis • On Highway 26, Just West of Portland • Great Investment Opportunity • Excellent Tillable Land • Bid on individual tracts or any combination of tracts, including the entire property. • Put together the tracts that fit your needs!
OPEN HOUSE/INSPECTION DATES
WEDNESDAY, MARCH 2 from 10AM - NOON
MONDAY, MARCH 14 from 10AM - NOON
Meet a Schrader Representative at the Jay Community Center (Same Location as Auction) Conference Room for additional information and to answer any questions.
PROPERTY LOCATION
Beginning 3 miles west of Portland on Hwy 26.
AUCTION LOCATION
Jay Community Center at the intersection of US 27 & SR 26 East, on the south side of Portland.
TRACT DESCRIPTIONS
Tract 1: 77± ac of mostly tillable land with a mix of Pewamo and Blount soils. Extensively systematically tiled and frontage on SR 26.
Tract 2: 39.7± ac with 38 tillable acres per FSA and a mix of productive Pewamo and Blount soils. Systematically tiled and access via Division Road off of 500 W.
Tract 3: 116.7± ac with 102.3 tillable acres per FSA and a high percentage of Pewamo soils. This tract includes extensive tiling and frontage on SR 26 and County Road 600 W.
Tract 4: 101.1± ac acres of mostly tillable land with primarily Pewamo and Blount soils. Systematically tiled and abundant frontage on SR 26. When the SR 26 project is completed, the northeast corner will be adjusted. The state has purchased the land and the advertised acreage reflects the purchase. Contact auction company for survey work depicting the change in SR 26.
Tract 5: 79.3± ac with 78.4 tillable acres per FSA and primarily Pewamo soils. Extensively tiled with frontage on SR 26.
Tract 6: 79.1± ac with 58.3 tillable acres per FSA and approximately 19 wooded acres. Primary soils include a mix of Blount and Pewamo. This tract is extensively systematically tiled with frontage on 200 N.
SOIL INFORMATION
PROCEDURE: The property will be offered in 6 individual tracts, any combination of tracts and as a total 493 acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete.
DOWN PAYMENT: 10% down payment on the day of auction for individual tracts or combinations of tracts. The down payment may be made in the form of cashier’s check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.
ACCEPTANCE OF BID PRICES: All successful bidders will be required to enter into Purchase Agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers’ acceptance or rejection.
EVIDENCE OF TITLE: Seller shall provide an owner’s title insurance policy in the amount of the purchase price.
DEED: Seller shall provide a Warranty and/or Trustee’s Deed.
CLOSING: The balance of the purchase price is due at closing, which will take place within 15 days of presentation of insurable title. Costs for an administered closing shall be shared 50:50 between Buyer(s) and Seller.
POSSESSION: Possession is at closing. Immediate possession for normal farming practices with a 20% earnest money deposit.
REAL ESTATE TAXES: Real estate taxes will be the responsibility of the Buyer(s) beginning with taxes due for 2011 payable in 2012 and any ditch taxes due in 2011 and thereafter.
ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.
SURVEY: A new survey will be ordered only if needed for good title insurance policy as determined by the seller and the cost of the new survey will be split 50:50 between buyer and seller.
AGENCY: Schrader Real Estate & Auction Company, Inc. and its representatives are exclusive agents of the Seller.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an “AS IS, WHERE IS†basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of the Auctioneer are final.
ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
STOCK PHOTOGRAPHY: Some crop photos are for illustrative purposes only and are not of the auction property.
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