40 Acres Offered in 3 Tracts
Thursday, November 12, 6:00 pm
Southwest of Berne, IN · Adams County

Owner: David Fenstermaker

• Productive Tillable Land
• Potential Home Sites
• Woods

From the junction of SR 218 and SR 116, take SR 116 South 3 miles to Co. Rd. 900 South, go east 1/2 mile to the property.

Berne Park Pavilion, located in Lehman Park.

Tract #1: 20 Acres all cropland with 650' frontage on Co. Rd. 900 South. Soils are Pewamo an Blount.
Tract #2: 14 Acres all cropland with 235' of frontage on Co. Rd. 900 South. Soils are Pewamo and Blount.
Tract #3: 6 Acres of woods with 435' of frontage on Co. Rd. 900 South.

PROCEDURES: The property will be offered in 3 individual tracts, any combination of tracts, or as a total 40 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.
DOWN PAYMENT: 10% down payment on the day of auction with the balance in cash at closing. 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: 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 owner's title insurance policy in the amount of the purchase price.
DEED: Seller shall provide Warranty Deed.
CLOSING: The balance of the real estate purchase price is due at closing, which will take place within 15 days of presentation of insurable title. Sale subject to the final approval of the Adams County Plan Commission.
POSSESSION: At closing subject to tenant's rights.
REAL ESTATE TAXES: Seller to pay 2009 real estate taxes due 2010 and Buyer to pay all taxes due thereafter. Annual real estate taxes $661.68, ditch assessment $50.00/year.
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 acres on all tracts.
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 person's 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. AUCTION COMPANY OR OWNER NOT RESPONSIBLE FOR ACCIDENTS.