2025 Auction Terms & Condition

This is an online only multi parcel Auction on www.BidBoone.com
https://www.bidboone.com

All Bidders acknowledge to have read, comprehend, and agree to the following terms & conditions set forth by Jeff Boone Auction & Realty. ("Boone Auctions"). All bidders agree to be legally bound to these terms & conditions. All announcements made by the Auctioneer shall supersede any printed material.

Boone Auctions reserves the right to deny and or terminate bidding privileges at any time.

LIVE In-Person & Online
NO Buyers Premium for In-Person bidders! Save money by attending this auction on-site! Buyers Premium for online bidders through BidBoone.com will be 2% of the hammer price.

All items sell �AS-IS� �Where-Is� with no warranties or guarantees by the Seller(s) or the Auction company. All sales are Final. The described condition or representation of hours, use, and miles is provided as a courtesy, and not guaranteed by the Seller(s) or the Auction company. The Bidder is responsible for determining his or her opinion of the condition, and authenticity of an item before purchasing the item, not after. It is the buyers responsibility to inspect the item of interest prior to bidding on it. Online Bidders understand and acknowledge that they may not be able to inspect an item as well as if they examined it in person. It is the Bidder�s responsibility to determine condition, age, genuineness, value or any other determinative factor. (Boone Auctions) shall endeavor to describe in detail each item and any pertinent information about it. After a bidder has won the bid, all risk of loss and damage passes to the bidder, even though the bidder may have not paid for the item yet. Buyers should guard their items accordingly. The Seller(s) and the Auction Company and all of its Associates are not responsible for loss, theft, damages, or accidents.

By placing bids you agree to follow all of the terms and conditions, agree to make payment, and to take possession of purchased items. Although we strive to provide the best internet connections and software available, please understand that internet speeds and reliability will vary.

The Auction company is not responsible for lost connection or software failures that result in lost or unaccepted bids. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall Bidder have any kind of claim against (Boone Auctions) or anyone else if the Internet service fails to work correctly before or during the live auction. (Boone Auctions) will not be responsible for any missed bids from any source. Internet bidders who desire to make certain their bid is acknowledged should leave their maximum bid 24 hours before the auction begins, and confirm with the auction company if the bidder has any doubts about the process. Do not hesitate to bid or wait until the final seconds. This will be a fast paced auction and quick bidding will be required.

All online bidders are responsible for complete control of their online bidding accounts. You are 100% responsible for every bid placed under your account, accidental and intentional. Online bidding is a serious matter. You must understand exactly what you are doing at all times.

Although we strive to do this as little as possible, (Boone Auctions) reserves the right to withdraw or re-catalog items at any time.

Boone Auctions will not be responsible for any errors or omissions in the description of the merchandise unless it is a material and intentional misrepresentation of the item itself. Bidder agrees that everything is sold as-is and that they may not return any item they purchase.

All bidders agree to receive text, email, & or postage notifications about our upcoming events.

All auctions are considered to be with reserve unless specifically stated otherwise. Reserves, if any, are not disclosed.

Real Estate Terms & Conditions: Ousley Farms Retirment - Real Estate Auction
Property Address: 2 Tracts - See Description of Auction - 5705 W 1300 N Elwood, IN 46036
�Addendum A�
Auctions Terms of Sale and Conditions
Auction Date: Thursday, March 12th @ 1 PM EST
1. NO Buyers Premium for In-Person bidders! Save money by attending this auction on-site! Buyers Premium for online bidders through BidBoone.com will be 2% of the hammer price.
2. Property sells with the confirmation of the sellers.
3. A 10% non-refundable deposit is required on Thursday, March 12th via check made payable to Jeff Boone Realty. This payment will be held in a non interest bearing account and applied toward the purchase price at a successful closing. This is a nonrefundable deposit unless by default of the Seller(s). The sale of the real estate is not contingent on financing, so it is advised that the purchaser make financial arrangements prior to bidding. The balance of the purchase price is due in cash at closing via a wire transfer or as required by the Title Company.
4. Real Estate Closing to take place within 45 days of auction or when insurable title is available.
5. A Title Insurance Policy will be issued by a company of the auctioneer�s choice. Seller and purchaser will split closing costs of sale 50/50. Any cost associated with purchaser financing is at the expense of the purchaser only.
6. Any surveys requested or required are to be at the expense of the buyer(s). When the new survey is ordered, the survey will be ordered by the Auction Company or its designated agent, and will be for the perimeter only. No information, data, or discussion is permitted by the surveyor and the buyer(s) or buyer(s) agent without authorization from the seller, auction company, or real estate broker.
7. Possession of the house and property will be at closing.
8. Taxes will be prorated to the day of closing.
9. If Separate owners are represented at this auction, then the terms and conditions apply to all parcels. Bidding increments are at the discretion of the auctioneer and may vary.
10. All Real Estate and property is sold As-Is without any warranty. Agent and Seller(s) make no assurances to the ability to obtain any zoning or building permits of any kind. Your bids are to be based solely upon your inspection. The sellers, auction company, real estate broker, and their representatives make NO warranty with regard to zoning classifications, specific purpose or use restrictions, easements or deed restrictions, availability or location of utilities; availability of building, driveway, water or septic permits; or any information or materials provided by any third party regarding the auction property.
11. Parcels will be sold by the dollar and not by the acre. Parcels were created by using the County Beacon GIS online mapping website and acreage amounts are approximate and as accurate as the system will allow. Parcel acreages are not guaranteed and no price adjustments will be made for variations in amounts.
12. The Auction company, Broker, or owner(s) are not responsible for accidents. Information has been provided via various printed and electronic media for the bidders�/potential buyers� review. Although this information is deemed to be reliable, it is NOT guaranteed, and should NOT be substituted for the bidders�/potential buyers independent verification and investigation of the property. The auction company and its agents including real estate broker(s) disclaim any warranty or liability for information provided.
13. At the close of the auction or within 24 hours of its completion, the high bidder(s) will be required to execute a purchase contract in the form of the Agreement to Purchase Real Estate, Addendum A, and if applicable(Lead Based Paint Disclosure, and Sellers Residential Real Estate Disclosure). These terms and documents are non-negotiable. Time is of the essence. All terms and conditions of the Agreement to Purchase Real Estate and Addendum A shall survive the closing. If any provision of the Addendum A is inconsistent with a provision of the Agreement to Purchase Real Estate, the provision of the Addendum A shall prevail and control.
14. Jeff Boone Auction and Realty and its agents and representatives, including real estate broker(s) are the exclusive agents of the sellers.
15. Seller and Buyers agree to take actions as requested to facilitate the closing of the sale including, but not limited to accommodating access by various vendors as may be required(i.e. surveyors, appraisers, etc�.)
16. Buyers attest that they _____(have) ______(have not) entered into a buyer�s agency agreement with a real estate brokerage firm other than Jeff Boone Realty.
17. Buyers Agents must make themselves known in writing by email to JeffBooneAuctions@gmail.com prior to their client bidding on the real estate or bidding on their clients behalf. Exclusive Buyers Agency Agreement must be sent in the email above proving relationship with the bidder. Buyers without outside agent representation will be represented by Jeff Boone Realty to finish the real estate transaction.

Thank You for reading our terms and conditions. If you have any questions please contact us.

LIVE In-Person and Online on Thursday, March 12th @ Approx. 1 PM EST Location: 5705 W 1300 N Elwood, IN 46036 Join us for this fantastic Multi Auction Retirement. A total of 3 auctions to complete this entire farm retirement. Here is Auction 3 - LIVE In-Person and Online on Thursday, March 12th @ Approx. 1 PM EST. This auction will follow the conclusion of the Farm Equipment. - An exceptional offering of Real Estate. A total of 80 +/- acres being offered in two tracts. Tract 1 - 10 +/- Acres with a full list of great features including the 3 Bedroom / 2 Bathroom 2,092 sqft home! Downstairs is over a 1,000 sqft basement that was used for storage, utilities, and extra space! Large primary bedroom with walk in closet and bathroom. Spacious family room just off the kitchen. Stainless appliances with a newer LP Gas Stove and a newer microwave. Spare dining room and an office space just outside 2 other bedrooms. Multiple new upgrades! Within last two years this home has had all new windows and a new roof! The water softener is owned and was upgraded to a quality system in last few years. New vinyl plank flooring throughout part of the house. New carpet in primary bedroom. The list goes on! The home has a detached 2+ car garage with a large open porch that was used for relaxing and seeing over the large yard and firepit area. Tract 1 comes with over 80,000 bushels of grain storage! 4 Brock Grain Bins and an additional 2,000 bushel holding bin. The bins are 40,000 Bushels, 20,000 Bushels,12,000 Bushels, and 12,000 Bushels. All 4 bins have air tubes on them currently. There is no shortage of farm storage on this property as well! 2 Morton Barns - 1 has a 36x54 heated shop and 54x63 storage area. The second Morton Barn measures 69x71 - Featuring a loading dock setup and a 17x26 insulated vegetable cooler! There is also a 29x45 Pole Barn and a 24x29 block building. Tract 2 - 70 +/- Acres of mostly tillable farmland! Approximately 62 acres of tillable ground. The other 8+/- acres is made up of a sparsely wooded pasture space that has been used for cattle and hay over the years. As well as a an approximately 2 acre pond. The Ousley's have farmed this ground for the last 50+ years that they have owned it. Wayne said he has never lost a crop on this ground due to standing water. It drains extremely well with the Chalfant Ditch that runs through the entire property. The county just put in an all new outlet on the south end of the farm. There is 46 acres of wheat planted on Tract 2. The buyer of Tract 2 will have the right to harvest the wheat crop and split the gross vlaue of the wheat sold 50/50 with the seller. The right to bale the leftover straw has been assigned. The buyer of Tract 2 will receive $2,000 after the straw has been baled from the seller. Once the wheat and straw have been removed the buyer will have full access to that part of the farmground to do as they want. The buyer will have possession of the other tillable ground that has not been planted at closing. Reach out with any questions or to schedule a time to view the real estate! Caleb Cleek (765)635-9861 Auction 1 is an Online Only Auction on Wednesday, March 4th @ 5 PM EST. Bidding for this portion of the auction exclusively on HiBid. Auction 1 will include personal property from tools, shop items, and farm supplies. As well as house furniture, coins, collectibles, antiques, and more! Auction 2 is LIVE In-Person and Online on Thursday, March 12th @ 10 AM EST - will include all of the Farm Equipment. Don't miss out on this farm equipment lineup!