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Auction Information
Auctioneer Kenneth Ellenberger 260-824-2426
Auction Date Dec 06 Auction
Location
339 S. Main Street
Montpelier, IN
Time 06:00PM
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Auction Listing
AuctionZip Auctioneer ID# 12805
68.07 Acres +/- Prime Agriculture Farm Land
Auction begins: 12/06/2017 18:00.

Featured Items

Public Auction
Wednesday, December 6th, 2017
Sale Starting at 6:00 P.M.

AUCTION TO BE CONDUCTED AT
THE MONTPELIER CIVIC CENTER:
339 S. Main Street, Montpelier, IN 4735

Phillip W. and Carol K. Payne, Owners

 
DIRECTIONS TO AUCTION SITE: Montpelier, IN: 2 Blocks South of Intersection, State Road 18 and Main Street, Downtown, Montpelier, IN. Watch for signs!!!
 
68.75 Acres +/- Prime Agriculture Farm Land
Located on 400 West and 900 South
One Mile West of Southern Wells School
Section 21, Chester Township, Wells County, Indiana


FARM DESCRIPTION:
SUBJECT FARM Has Approximately 61.70 Acres +/- of Tillable Farm Ground with the Balance Consumed By: Wells Co. Rd. 400 West and Wells Co. Rd. 900 South.

FSA Information:
(Previous FSA Program)
Approximately 61.70 Measured Crop Acres

Crop                   Base Acres              PLC Yield
Corn                         8.00                          135
Soybeans                 8.00                           47


Soil Information:
            DeA
Del Rey-Blount Silt Loams
            BkB2
Blount-Del Rey Silt Loams
             HbA
Haskins Variant Loam
            GnB2
Glynwood Silt Loam
               Pm
Pewamo Silty Clay Loam


 
PROCEDURE OF SALE:

AGENCY: Ellenberger Bros., Inc. Auctioneers and its representatives are exclusive agents to the Seller.

DISCLAIMER & ABSENCE OF WARRANTIES: All information contained in this brochure & all related materials are subject to the Terms & 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 parities 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 Auctioneers.

TERMS: An earnest money deposit of $25,000.00 will be required day of sale, (Non-Refundable). The balance is due at final closing upon delivery of an Owner’s Policy of Title Insurance insuring marketability in the subject real estate and delivery of a Warranty Deed. All Real Estate is being sold for cash and is not subject to any lender requirements in the event the Buyer obtains financing. Buyers needing financing must have financing arranged prior to the Auction.

TAXES: The Seller will pay 2017 Real Estate Taxes due and payable in 2018 with Buyer's tax obligation beginning with the installment due and payable in May 2019 and all subsequent taxes and assessments.
POSSESSION: Purchaser's Possession will be delivered upon day of final closing. 100% Possession to Buyer for 2018 Crop Year.

CLOSING REQUIREMENTS: Closing of this Real Estate shall occur on or before January 17th, 2018 with Title Company Closing Fee and Survey cost to be shared equally between the Buyer and Seller.

 
ALL STATEMENTS MADE DAY OF SALE SHALL TAKE PRECEDENCE OVER PRINTED MATERIAL IN THIS AD

PROPERTY IS SELLING SUBJECT TO THE APPROVAL OF THE OWNERS
PHILLIP W. AND CAROL K. PAYNE - OWNERS
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Auctioneer License Information: AC63001334

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