Grimme Land Auction

Description

Grimme Farms, Inc. & Grimme Investments, LLC

Land Auction, Boone Township, Madison Co.

Friday, March 15, 2019 – 1:00 P.M.

Auction Location

Eventfully Yours Rental Facility, LLC

5243 S. Adams St., (SR 15 between Marion & Jonesboro)

Marion, IN 46953

Friday, March 15, 2019 – 1:00 P.M.

438 Acres m/l offered in 5 Tracts, Combination of Tracts and in the Aggregate

1650 N & 1750 N & SR 9, Summitville, IN 46070

Land located west of SR 9 between 1600 N & 1750 N, Summitville, IN 46070, Madison County. Four miles north of Alexandria junction SR 9 & SR 28; or three miles south of Fairmount junction SR 9 & SR 26 on SR 9; or one and one half miles south of the Grant -Madison County Line.

NO BUYER'S PREMIUM

Farms are not rented this year! Ready for new owners!

Tract 1: 76.998 acres m/l

Tract 2: 75.319 acres m/l

Tract 3: 54.61 acres m/l

Tract 4: 80.392 acres m/l

Tract 5: 151.22 acres m/l

Soil Types:

Pewamo Silty Clay Loam 0-2 percent slope

Blount Silt Loam 2-6 percent slope

Morley Silt Loam 2-6 percent slope

Terms: Offered in five tracts, combination of tracts, and the aggregate. Statements made at the time of the auction will take preference over all printed matter or any previous statements. 10% down payment at the time of the auction, balance due at closing. Sale not contingent on financing. Sale subject to seller's confirmation. Call auctioneers for private showing and more information! Merv Leffler cell 765-661-5903.

Merv Leffler, Auctioneer Lic. AU01016000, Broker Lic. RB 14002723

PROCEDURE:  Real estate will be offered Tracts, combination of tracts, and in the aggregate. There will be open bidding during the auction as determined by the Auctioneer.

DOWN PAYMENT: 10% down payment upon signing of Purchase Agreement immediately following the close of bidding. The down payment may be made in the form of cash, 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 Seller's acceptance.

CLOSING: The balance of the purchase price is due in cash at closing, which will target date of 30 days after presentation of insurable title. Buyer(s) will bear the cost of an insured closing if needed.

EVIDENCE OF TITLE: Seller shall provide an owner's title insurance policy in the amount of the purchase price to each buyer.

DEED: Seller shall bear the expense and provide Warranty Deed(s) or Personal Representative's Deed(s) conveying the real estate to the Buyer(s).

POSSESSION: Possession will be day of final closing.

REAL ESTATE TAXES: Taxes will be prorated at closing. Sellers pay all prior to day of closing and buyers pay all thereafter. Taxes for all 5 tracts 2017 and paid in 2018 was $13,924.02

ZONING: Buyer(s) purchasing property for building or other purposes are responsible for contacting the Madison County Plan Commission and Health Department for the applicable requirements and restrictions for these uses.

SCHOOLS: Madison-Grant United Schools.

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 provide a new survey where there is no existing legal description. Any need for a new survey shall be determined solely by the Seller. The type of survey performed shall be at the Seller's option and sufficient for providing title insurance. Any survey needed to complete a new legal description due to any split that may result from the auction will be at the expense of the purchaser(s). Cost of the survey will be split 50:50 between Buyer(s) and Seller for any split that may occur.

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

AGENCY: Price-Leffler Complete Sales Service and Merv Leffler, auctioneer and real estate broker, 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. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, zoning 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 the person's credentials, fitness, etc. All decisions of the auctioneer are final.

Terms

10% Down Payment at the close of the auction and seller's confirmation. Payment can be company check, personal check, cashier's check or cash! Sale of real estate is not contingent on financing so make sure funds are available in cash for bank wire at the time of closing. Possession will be day of closing or at seller's discretion to accomodate for crop planting.

Announcements at time of auction will take precedence over any and all printed statements and prior oral statements.