METHOD OF SALE: Halderman Real Estate Services, Inc. (HRES, IN Auct. Lic. #AC69200019) will offer this property at public auction on October 11, 2018. At 6:30 PM, 438 acres, more or less, will be sold at the Mill Race Center, Columbus, IN. This property will be offered in fourteen tracts as individual units, in combination or as a whole farm. Each bid shall constitute an offer to purchase and the final bid, if accepted by the Sellers, shall constitute a binding contract between the Buyer(s) and the Sellers. The auctioneer will settle any disputes as to bids and his decision will be final. To place a confidential phone, mail or wire bid, please contact Dave Bonnell at 812-343-4313 or Michael Bonnell at 812-343-6036, at least two days prior to the sale.
ACREAGE: The acreages listed in this brochure are estimates taken from the county assessor’s records, FSA records and/or aerial photos.
SURVEY: The Sellers reserve the right to determine the need for and type of survey provided. If an existing legal description is adequate for title insurance for the tract, no new survey will be completed. If the existing legal description is not sufficient to obtain title insurance, a survey will be completed, the cost of which will be shared 50/50 by the Sellers and the Buyer(s). The Sellers will choose the type of survey to be completed and warrant that it will be sufficient to provide an owner’s title insurance policy for the tract. If a survey is completed, the purchase price for the surveyed tract will be adjusted, up or down, to the exact surveyed acres. The price per acre will be the auction price bid for the tract, divided by the tract acreage estimated in the auction brochure. Surveyed tracts will be Ag tracts with building rights.
FARM INCOME: Seller will retain the 2018 farm income.
DOWN PAYMENT: 10% of the accepted bid down on the day of the auction with the balance due at closing. The down payment must be in the form of personal check, cashier’s check, cash or corporate check. YOUR BIDDING IS NOT CONTINGENT UPON FINANCING. BE SURE YOU HAVE FINANCING ARRANGED, IF NECESSARY, AND ARE CAPABLE OF PAYING CASH AT CLOSING.
APPROVAL OF BIDS: The Sellers reserve the right to accept or reject any and all bids. All successful bidders must enter into a purchase agreement the day of the auction, immediately following the conclusion of the bidding. Successful bidders must execute purchase agreements on tracts exactly as they have been bid.
DEED: The Sellers will provide a Corporate Deed at closing.
EVIDENCE OF TITLE: The Sellers will provide an Owner’s Title Insurance Policy to the Buyer(s). Each Buyer is responsible for a Lender’s Policy, if needed. If the title is not marketable, then the purchase agreement(s) are null and void prior to the closing, and the Broker will return the Buyer’s earnest money.
CLOSING: The closing shall be on or before December 11, 2018. The Sellers have the choice to extend this date if necessary. If a survey is required, closing will be 14 days after the survey is completed.
POSSESSION: Possession of land and buildings will be at closing.
REAL ESTATE TAXES: The Sellers will pay real estate taxes for 2018 due 2019. Buyer will be given a credit at closing for the 2018 real estate taxes due 2019 and will pay all taxes beginning with the spring 2019 installment and all taxes thereafter.
MINERAL RIGHTS: All mineral rights owned by the Sellers will be conveyed to the Buyer(s).
PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigation, inquiries and due diligence concerning the property. Further, Sellers disclaim any and all responsibility for bidder’s safety during any physical inspections of the property. No party shall be deemed to be invited to the property by HRES or the Sellers.
AGENCY: Halderman Real Estate Services Inc., Russell D. Harmeyer, Auctioneer, and their representatives, are exclusive agents of the Sellers.
DISCLAIMER: All information contained in this brochure and all related materials are subject to the Terms and Conditions outlined in the purchase agreement. This information is subject to verification by all parties relying upon it. No liability for its accuracy, errors or omissions is assumed by the Sellers or HRES. All sketches and dimensions in this brochure are approximate. ANNOUNCEMENTS MADE BY HRES AND/OR THEIR AUCTIONEER AT THE AUCTION DURING THE TIME OF THE SALE TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIALS OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either express or implied, concerning the property is made by the Sellers or HRES. Each prospective bidder is responsible for conducting his/her independent inspections, investigations, inquiries and due diligence concerning the property. Except for any express warranties set forth in the sale documents, Buyer(s) accepts the property “AS IS,” and Buyer(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Sellers and HRES make no warranty or representation, express or implied or arising by operation of law, including any warranty for merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall the Sellers or HRES be liable for any consequential damages. Conduction of the auction and increments of bidding are at the direction and discretion of HRES and/or the auctioneer. The Sellers and HRES 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 HRES and/or the auctioneer are final.

Total Acres 438.00

Tillable Acres 310.930

Wooded Acres 115.940

Pond / Lake Acres 0.900

Building Site Acres 10.560

 

Tracts 14

Status New

Auction Date October 11, 2018

Date September 16, 2018

Date September 20, 2018

Farm Name Ott Realty Corp & Ott Farms Partnership

Type of Operation Development - Farm - Recreational - Residential

Current Zoning Agricultural

School System Bartholomew County School Corporation

Annual Taxes Tracts 1-5: $4,660.96 Tract 6: $1,180.50 Tract 7: $86.86 Tracts 8-10: $4,037.04 Tracts 11-12: $1,939.48 Tracts 13-14: $1,462.46

Building Description Cabin on Tract 1: 2,508 sq ft with 2 bedrooms; 1.5 baths; 2 car attached garage. Main floor has two fireplaces, kitchen, dining, family * entertainment room with wet bar. Upstairs bedroom has fireplace. Rear deck with screened are. Pole barn is 30'X40' with 10'X40' addition. Fully insulated, concrete floor, lp gas heat and work bench. Tract 8: 1.5 story farmhouse, 1608 sq ft with 4 bedrooms; 1 bath. This is the farm's original 1 room log cabin next to the home. 22'X24' garage, 54'X70' barn, 32'X54' ship & 54'X64' open front pole barn. Two grain bins 20,000 bushel capacity, wet holding tank. 24'X45' farrowing house, 24'X90' farrowing-nursery-finishing barn, old cargill hog floor.

Topography Gently_Rolling

Soil Tracts 1-5: Blocher-Cincinnati silt loams; Nabb silt loam; Avonburg silt loam Tracts 6-7: Martinsville loam; Whitaker loam; Fox loam Tracts 8-14: Pekin silt loam; Lauer silt loam; Blocher-Cincinnati silt loams; Bartle silt loam

Region IN

General Location At the intersection of 450N & 400W and along 330W

Legal Description Ott Realty Corp being approximately 118 acres in Section 32, Township 10 North, Range 5 East, and Ott Farms Partnership being 300 acres in Sections 28, 32 and 33, Township 10 North, Range 5 East.