696 Acres Union & Logan County Auction

Total Farm: $3,411,000

with an average of $4,898 per acre

Tract #1
155.8 Acres $950,000……$6,096.27 per acre
Tracts #2, 3, 4, 5, 6, 7, 8
527.4 Acres $2,410,000…$4,567.82 per acre
Tract #9
13 Acres $51,000……..$3,923.07 per acre

696 Acres

  • 641 Acres Tillable
  • Selling in 9 Tracts
  • Six Grain Farms
  • Four Farms Systematically Tiled in Recent Years
  • Located in Logan and Union counties
  • Pewamo, Blount, Crosby, Miamian & Nappanee soils

Down Payment: Purchaser required to pay Ten Percent (10%) down payment of the total bid on the day of the auction. The down payment may be paid in the form of cash, personal check or business check. Checks will be made payable to Wilson National Trust Account. Balance of purchase price due at closing.

Closing: Closing shall occur on or before June 1, 2016.

Possession: On closing date for Tracts 1 thru 6, 8 and 9. Purchaser has
possession for purposes of planting a crop immediately after the auction so you don’t have to wait until closing. Tract 7 subject to tenant’s rights for 2016 crop.Cash rent of $180 per tillable acre to be paid to buyer at closing.

Title: Property is selling with good marketable Title by Warranty Deed. Purchaser is responsible for Title insurance if desired.

Real Estate Taxes: Seller to pay 2015 taxes, buyer thereafter.

Acceptance of Bid Prices: The successful bidder will be required to sign a Purchase Agreement and Disclosures at the Auction site immediately following the close of the Auction. This is a cash on delivery of deed sale. Your Bidding is not Conditional Upon Financing, so be sure you arranged financing, if needed, and are capable of paying cash at closing.

Agency: Wilson National, LLC. and its representatives are Exclusive Agents of the seller.

Survey: A new survey will be provided by seller if necessary for transfer, otherwise a new survey will not be provided. The survey will be at the Sellers expense and any issues regarding the survey will be at the Seller’s discretion. Combination purchases will receive a perimeter survey only. Acreage and purchase price will be adjusted to new survey after auction based on new survey if one is needed.

Mineral Rights: All mineral rights owned by the Sellers will be conveyed to the Buyers.

Disclaimer & Absence of Warranties: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the agreement to purchase. Announcements made by the Auctioneer at the auction podium during the time of sale will take precedence over any previously printed material or any other oral statements made. The property is 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. 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 believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the seller, the broker or the auction company. All sketches and dimensions in this brochure are approximate. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The seller, broker and auction company reserve the right to preclude any person from bidding if there is any questions to that person’s credentials, fitness, etc. All decisions of the Auctioneer are final.

New Data, Corrections, and Changes: Please arrive prior to scheduled auction time to inspect any changes, corrections or additions to the property information.