REAL ESTATE BIDDING
TERMS & CONDITIONS

Property Address: 379 Spencer Pike Rd, Springville, IN 47462
County & Township: Lawrence County � Perry Township
Legal Description: SEC 22 TWP 6 R2W 37.31A NE NE SW
Sellers: 4XB LLC
Bidding Ends: September 23, 2026 @ 2:00pm
Closing On or Before: October 23, 2026
Closing Company: John Bethell Title Co.



1. BIDDING METHOD
This property is offered via Online Only bidding. The Sellers reserve the right to accept, reject, or negotiate any bid.
2. SOFT-CLOSE EXTENDED BIDDING
This auction features a Soft-Close. If a bid is placed within the final three (3) minutes of the scheduled closing time, the bidding period will automatically extend an additional three (3) minutes. This process will continue until no bids are received during an extension period. The Auction Company�s determination of the winning bid shall be final.
3. PROPERTY OFFERING
The Property is currently described by the legal description contained in the existing deed and public record (see above). Individual Tract legal descriptions will be established by survey following the Auction. Survey of the individual Tracts shall be completed after bids have been accepted and contracts executed, and once survey needs are determined; the Buyer of each Tract shall be responsible for a survey fee of $1,500.00 at closing.
4. BUYER�S PREMIUM
A Buyer�s Premium of Eleven Percent (11%) will be added to the final accepted bid on a per-tract basis to determine the final Contract Purchase Price.
5. CONTRACT EXECUTION
The successful bidder shall execute the Real Estate Purchase Agreement immediately upon acceptance and deliver a non-refundable down payment deposit of: Tract 1 ($5,000), Tract 2 ($5,000), Tract 3 ($2,000), Tract 4 ($5,000) within twenty-four (24) hours of Seller acceptance.
6. DOWN PAYMENT
The down payment deposit shall be held by John Bethell Title Company and applied toward the purchase price at closing. If Buyer defaults, down payment money shall be retained by Seller as liquidated damages.
7. CLOSING
Closing shall occur on or before October 23, 2026. Closing shall take place through John Bethell Title, 2626 S. Walnut Street, Bloomington, IN 47401. Closing fee will be paid by the buyer. Seller shall convey marketable title by General Warranty Deed unless otherwise agreed in writing.
� Real Estate Taxes: seller will pay 2025 taxes due and payable 2026. Seller will also pay an equal amount of 2025 taxes to be escrowed for 2026 taxes and payable to the Lawrence County treasurer for the 2026 taxes to be paid in 2027. Buyer�s will be responsible for all taxes after 2026 taxes.

8. BROKER TRANSACTION FEE
In addition to the Buyer�s Premium, a $300 Broker Transaction Fee per tract shall be paid by Buyer at closing and a $300 Broker Transaction Fee per tract shall be paid by Seller at closing. This fee is separate from and in addition to any commissions or Buyer�s Premium and shall be reflected on the Closing Disclosure.
9. PROPERTY CONDITION
The property is sold AS-IS, WHERE-IS, WITH ALL FAULTS. No warranties or representations are made by Seller or Real Estate / Auction Company.
10. INSPECTIONS
Buyers are encouraged to conduct any desired inspections prior to bidding. By bidding, Buyer acknowledges adequate opportunity to inspect.
11. AGENCY DISCLOSURE
United Country Coffey Realty & Auction represents the Seller in this transaction pursuant to Indiana Code 25-34.1.
12. DEFAULT
If Buyer fails to close, earnest money shall be forfeited and Seller may pursue all legal remedies available under Indiana law.
13. LEGAL DISCLAIMER
All information provided is believed accurate but is not guaranteed. Announcements made prior to the bidding closing take precedence over printed materials.

A unique Southern Indiana property is selling at online auction! Located in Springville, Indiana, this versatile property combines a country residence, extensive equine facilities, barns, arenas, fenced pasture and additional acreage�all offered in multiple tracts. Previously used as an equine boarding and training facility and as a seasonal training base for a rodeo family, the property offers infrastructure already in place for horse owners, trainers, farmers and livestock enthusiasts. The property features a home, multiple barns, indoor riding/training arena, outdoor roping arena, fenced and cross-fenced pastures, and additional land. But the opportunity extends well beyond equine use. The multi-tract auction format allows buyers to pursue the portion of the property that works for them. Whether you're looking for a country home, horse property, barns and buildings, agricultural acreage, recreational land, additional acreage for an adjoining property�or the entire operation�this auction offers a variety of possibilities. Buy One Tract. Buy Multiple Tracts. Buy It All. Individual tracts will be available, giving bidders the opportunity to create the property configuration that best fits their needs. Online Bidding Opens: Wednesday, August 19, 2026 Online Bidding Ends: Wednesday, September 23, 2026 Explore the property, review the tract layout and make plans to bid. One Property. Multiple Tracts. Countless Possibilities. Potential uses are subject to applicable zoning, restrictions and governmental approvals. Buyers should independently verify suitability for their intended use.