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1,600 +/- Acres Offered in 34 Tracts Ranging from 1.7 to 109 Acres - Land Auction
Mon, Jun 10, 5:30 PM
Terre Haute, Indiana - Clay & Vigo Counties
Owner: RLF Chinook Properties, LLC
• 935 +/- acres tillable farmland • Productive soils • Excellent wildlife habitat & hunting • 525+/- acres woodland • Lakes with great fishing! • 50 minutes west of Indianapolis • 10 minutes east of Terre Haute • ONLINE BIDDING IS AVAILABLE! Please register by May 31 to bid online. For more information call Schrader Auction Company at 800-451-2709. • DONT MISS THIS OPPORTUNITY TO PURCHASE PRODUCTIVE FARMLAND, POTENTIAL BUILDING SITES & RECREATIONAL TRACTS. IN THE SCHRADER METHOD OF AUCTION YOU MAY PUT TOGETHER THE COMBINATION OF TRACTS THAT BEST FITS YOUR NEEDS!
OPEN HOUSE/INSPECTION DATES
Held at the Wabash Family Sports Center: 599 South Tabortown Road, Terre Haute, IN
Thursday, May 16th, 4:00PM-6:00PM
Tuesday, May 28th, 4:00PM-6:00PM
Monday, June 10th, 12:30PM-2:30PM
Meet a Schrader Representative with any questions and for additional information.
PROPERTY LOCATION
From Indianapolis: take I-70 west to Exit 23 (St. Rt. 59) go south .3 miles to St. Hwy 42 go west 4 miles to Co. Rd. 500W.
TRACTS 1-24: Turn south and travel 1 mile.
TRACTS 25-31: Continue .1 mile and turn north on Cory Staunton Rd. and proceed to tracts.
TRACTS 32-34: Continue 3 miles to Tabertown Rd. then turn south on Tabortown Rd. and travel .7 miles to tracts.
From Terre Haute: take I-70 east to St. Rt. 46 go north 2.2 miles to St. Rt. 42.
TRACTS 1-24: Turn east on SR 42 and travel 7.3 miles to CR 500 W. Turn south and travel 1 mile to Tracts 1-24.
TRACTS 25-31: Turn east on SR 42 and travel 7.2 miles to Cory Staunton Rd. turn north and proceed to Tracts 25-31.
TRACTS 32-34: Turn east and travel 4.3 miles to Tabertown Road then turn south and travel .7 miles to tracts 32-34.
AUCTION LOCATION
THE WABASH FAMILY SPORTS CENTER
Address: 599 South Tabortown Road, Terre Haute, IN.
FROM TERRE HAUTE: (see update below) Take I-70 east to Exit 11 (St. Hwy 46) and go north 2.2 miles to St. Hwy 42. At St. Hwy 42, go east (right) 4.3 miles to Tabortown Road. At Tabortown Road go north (left) .6 miles to the facility. ALERT/UPDATE: Hwy 42 has been closed near the airport, east of Terre Haute. Take Hwy 46 north 3 miles to Hwy 40. Turn east on Hwy 40 and travel 3 miles to Tabortown Road. Turn south on Tabortown Road and travel 2 miles to the facility.
FROM INDIANAPOLIS: Take I-70 west to Exit 23 (St. Hwy 59) and go south .3 mile to St. Hwy 42. At St. Hwy 42 go west (right) 7 miles to Tabortown Road. At Tabortown Road go north (right) .6 miles to the facility.
TRACT DESCRIPTIONS
Tract 1: 45± ac 36.89 tillable acres. Wooded.
Tract 2: 80± ac 74.57 tillable acres.
Tract 3: 72± ac 44.91 tillable acres. Wooded.
Tract 4: 80± ac 72.99 tillable acres.
Tract 5: 40± ac 33.65 tillable acres.
Tract 6: 40± ac 20.92 tillable acres. Wooded.
Tract 7: 9± ac Wooded.
Tract 8: 80± ac 57.90 tillable acres. Wooded.
Tract 9: 40± ac 19.30 tillable acres. Wooded.
Tract 10: 80± ac 35.80 tillable acres. Wooded.
Tract 11: 40± ac 18.93 tillable acres. Wooded.
Tract 12: 40± ac 14.92 tillable acres. Wooded.
Tract 13: 60± ac 27.73 tillable acres. Wooded.
Tract 14: 56± ac 19.50 tillable acres. Wooded. Lake improvements.
Tract 15: 20± ac 5.80 tillable acres. Wooded.
Tract 16: 20± ac 9.13 tillable acres. Wooded.
Tract 17: 59± ac 38.50 tillable acres. Wooded.
Tract 18: 109± ac 54.60 tillable acres. Wooded. Lake improvements.
Tract 19: 87± ac 66.76 tillable acres. Wooded.
Tract 20: 35± ac 30.05 tillable acres.
Tract 21: 72± ac 45.76 tillable acres. Wooded.
Tract 22: 87± ac 68 tillable acres. Wooded.
Tract 23: 24± ac Wooded.
Tract 24: 102± ac 30 +/- tillable acres. Wooded. Lake improvements.
Tract 25: 29.9± ac 18.83 tillable acres. Wooded.
Tract 26: 8.7± ac 3.57 tillable acres. Wooded. 30 ft. x 62 ft. steel sided building constructed in 1960 with height of 16 ft.
Tract 27: 8± ac 5.76 tillable acres. Wooded.
Tract 28: 1.7± ac Wooded.
Tract 29: 22.5± ac 19 +/- tillable acres. Wooded.
Tract 30: 19.3± ac
Tract 31: 1.8± ac
Tract 32: 72± ac 49.87 tillable acres. Wooded.
Tract 33: 15± ac 12.89 tillable acres.
Tract 34: 45± ac Wooded.
PROCEDURE: The property will be offered in 34 individual tracts, any combination of tracts and as a total 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.
BUYERS PREMIUM: A 2% Buyers Premium will be added to the final bid price and included in the contract purchase price.
DOWN PAYMENT: 10% down payment on the day of auction. The down payment may be made in the form of cashiers 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 owners title insurance policy in the amount of the purchase price.
DEED: Seller shall provide a Special Warranty Deed(s).
CLOSING: The balance of the purchase price is due at closing, which will take place within 30 days after auction day, or as soon thereafter as applicable closing documents are completed. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.
POSSESSION: Possession shall be given at closing subject to the farm leases for the 2013 crop year and existing oil and gas lease (Tracts 1-34) and coal leases (Tracts 1-5 & 8-24). Some leases include restrictions relative to building and property improvements. Farm rental income for 2013 shall be prorated to the date of closing.
MINERALS: Sale of the property shall include all mineral rights owned by the current owner.
REAL ESTATE TAXES: Real estate taxes will be the responsibility of the Buyer(s) beginning with taxes due and payable in November 2014 and thereafter.
PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Bidders safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.
ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.
SURVEY: The Seller shall order and provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Any need for a new survey shall be determined solely by the Seller. Seller and successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Combination purchases will receive a perimeter survey only.
TRACT 34 EASEMENT: Seller reserves an easement 200 feet in width (100 feet on each side) of the existing rail line on Tract 34.
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 persons 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 photos may be for illustrative purposes and were not taken on the property.
OWNER: RLF Chinook Properties, LLC
BRAD HORRALL
(800) 451-2709
(812) 890-8255 (cell)
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