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REAL ESTATE AUCTION - 805+/- ACRES IN 11 TRACTS IN UNION COUNTY, INDIANA
Mon, Nov 25, 6:00 PM
Union County - Southeast Indiana - North of Liberty

Owner: Hunt-Johnson Farms, Inc.

SOLD FOR $6,380,000

• 805+/- Acres in 11 Tracts • High Quality Cropland with Barns & Bins! • Contiguous Farm Tracts • Top Ag Area • Highly Productive Soils w/Extensive Tile • 1 Mile Frontage on State Hwy. 27 • Well Maintained Farm by Longtime Tenant • Buyer Tax Exchange Eligible • Owned by Same Family for 3 Generations • Grain System and Good Machinery Barn on Tract 10 • Located 1 hour North of Cincinnati, OH • 30 minutes to Oxford, OH • 10 Minutes to Richmond, IN • ONLINE BIDDING AVAILABLE You may bid online during the auction at www.schraderauction.com. You must be registered One Week in Advance of the Auction to bid online. For online bidding information, call Schrader Auction Company at 800-451-2709.

OPEN HOUSE/INSPECTION DATES
Tuesday, October 22 from 9:00-11:00 AM
Tuesday, October 29 from 9:00-11:00 AM
Monday, November 11 from 9:00-11:00 AM
Meet Agents on Tract 10

PROPERTY LOCATION
Farm #1: 2 miles north of Liberty, IN at Cliffton Rd. on the west side of Hwy. 27. Address: 5178 US 27N, Liberty, IN.
Farm #2: 2 miles. north of Liberty, IN. East of Hwy. 27 about 1/4 mi. on Clifton Rd. On south side of the road.

AUCTION LOCATION
Wayne County 4-H Fairground, Kuhlman Center. 861 N. Salisbury Rd., Richmond, IN. From Hwy. 40 at Salisbury Rd. north 1 mile.

TRACT DESCRIPTIONS
Tract 1: 81± ac
FARM #1 - Located in Sec. 13 & 24 Twp. 12N R 2W
TRACT 1: 81+/- acres with est. 75+/- acres cropland. Nearly pattern tiled with good waterway. Bin and older barn.
Tract 2: 90± ac with est. 89+/- acres cropland. Nice tract with top Xenia, Cyclone and Fincastle soils. Very well tiled. Drainage outlet rights to Tracts 3 & 4.
Tract 3: 42± ac with 21+/- acres cropland and 21+/- acres woodland with stream. Some good younger walnut stands. About 1/4 mi. frontage on Hwy. 27. Nice recreational tract with crop income here.
Tract 4: 25± ac with1/2 pasture and1/2 woodland. Fenced and permanent water. About 1/4 mi. frontage on Hwy. 27 and 1/4 mi. on Clifton Rd.
Tract 5: 18± ac with 14+/- acres cropland and 4+/- acres good potential building site on ni ce hill. Mostly fenced. Plenty of frontage on Hwy. 27 and Clifton Rd.
Tract 6: 42± ac with FSA 40 acres cropland, now fenced pasture. Permanent water from good stream.
Tract 7: 78± ac with 70+/- acres cropland and 8+/- acres fenced pasture and stream. Over 1/4 mi. frontage on Hwy 27. House excluded. Good soils and drainage. Tiled with outlet.
Tract 8: 103± ac with 101+/- acres cropland. Nice tract with pattern tiled. Will have drainage outlet rights to Tract 6.
Tract 9: 178± ac with 174+/- acres high quality cropland. Patterned tiled. Nearly square one field with plenty of frontage on Clifton Rd. Top Brookston and Cyclone soils. Productive and efficient to operate.
Tract 10: 56± ac with 37+/- acres FSA cropland used for1/2 hay. Fenced. Also, good 60 ft. x 120 ft. pole barn built 2001, 5 bins with 42,000+ bu. total storage, 2 Harvestors, beam barn and 2 older hog buildings with pits. Deluxe farm generator in building with phase convertor.
Tract 11: 92± ac
FARM #2 - Located in Sec. 19 Twp. 12N R 1W (1/4 Mi. East of Farm #1 on Clifton Rd.)
TRACT 11: 92+/- Acres with 87.3 FSA cropland acres and 5+/- acres woodland and pasture. Xenia and Cyclone soils. Soil Index 150 Bu. Considerable drainage work including terrace and waterway. Good frontage on Clifton Rd. and open square field.


SOIL INFORMATION

• 
  Tract 11 (Click to enlarge)

• Tracts 1-10
  
• Tract 11
  

PROCEDURES: The property will be offered in 11 individual tracts, any combination of tracts, or as a total 805+/- 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.

DOWNPAYMENT: Real Estate 10% down payment on the day of the auction with the balance in cash at closing. The down payment may be made in the form of cash; 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: Successful bidder(s) will be required to enter into a purchase agreement 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: Sellers shall provide an owners title insurance policy in the amount of the purchase price.

DEED: Sellers shall provide Corporate Warranty Deed.

CLOSING: The targeted closing date will be on or before 1/10/20. The balance of the real estate purchase price is due at closing.

POSSESSION: At closing. Seller to receive all crop income/rents in 2019.

REAL ESTATE TAXES: Seller to pay 2019 taxes payable 2020 to be credited to Buyer(s) at closing. Farm #1 Taxes estimated at $37.97/acre. Farm #2 Taxes estimated $26.74/acre.

ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions.

SURVEY: A new survey will be made where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Buyer(s) and Seller will share survey expense 50:50. Combination purchases will receive a perimeter survey only. Closing prices will be adjusted to reflect any differences between advertised and surveyed acreages.

FSA INFORMATION: See Agent. Total FSA Cropland 685.77.

EASEMENTS: Sale of the property is subject to any and all easements of record.

MINERAL RIGHTS: The sale shall include 100% of the mineral rights owned by the Seller.

AGENCY: Schrader Real Estate and 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 AS IS, WHERE IS basis, and no warranty or representation, either express or implied, concerning the property is made by the seller or the auction company. 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 Sellers or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Sellers and Selling Agents reserve the right to preclude any person from bidding if there is any question as the persons credentials, fitness, etc. All decision of the Auctioneer is final.

ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. AUCTION COMPANY OR OWNER NOT RESPONSIBLE FOR ACCIDENTS.