Total Acres 226.88

Tracts 6

Type of Sale Auction

Farm Name Chittick

Status closed

HLS Number SFC - 12124

Key Features Excellent & Productive Farmland

Location Madison Township, Clinton County, IN
Owen Township, Clinton County, IN


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Farm Name Chittick

Type of Operation Farm

Current Zoning Agricultural

School System Rossville Schools & Clinton Prairie Schools

Annual Taxes $8,297.84

Ditch Assessment $198.88

Topography Level To Gently Rolling

Soil Mahalasville, Treaty, Fincastle-Crosby, Miami-Crosby

Building Description Tract 2: 2,016 sq. ft. home, 40' x 80' Pole Barn with a 20' x 80' Lean-to, 10,000 bu. grain bin

Property Address Tract 2: 5896 N State Road 75 Frankfort, IN 46041; Tract 6: 1254 E County Road 600 N, Frankfort, IN 46041

Region IN

General Location Tracts 1-2: 4 miles southeast of Rossville, IN on the west side of SR 75 and the south side of CR 600 North; Tracts 3-4: 1.25 northeast of Mulberry, IN in between CRs 700 W and 680 W.; Tract 5: 4.5 miles east of Rossville, IN on the north side of SR 26; and Tract 6: 6 miles southeast of Rossville, IN on the north side of CR 600 N

Legal Description Tracts 1 & 2: 80.0 acres more or less – described as the North ½ of the Northeast ¼ of Section 9, Township 22 North (Owen), Range 1 West in Clinton County, Indiana. Tracts 3-6: 146.88 acres more or less – described as 76.867 acres more or less in a part of the West ½ of the Southeast ¼ of Section 23, Township 23 North (Owen), Range 1 West; 29.55 acres more or less in a part of the South ½ of the Southwest ¼ of Section 1, Township 22 North (Owen), Range 1 West; and 40.4663 acres more or less in a part of the West ½ of the West ½ of Section 15, Township 22 North (Madison), Range 2 West, all in Clinton County, Indiana.

Start Auction Date February 15, 2018

Start Auction Time 6:30 PM ET

Auction Location Clinton County 4-H Community Building: 1701 S. Jackson Street, Frankfort, IN 46041

Date February 01, 2018

Time 5:00 PM ET - 6:00 PM ET

Tillable Acres 196.200

Wooded Acres 11.500

Building Site Acres 4.800

Other Acres 10.800

Other Acres Notes Other is Waterway/Buffer Strips on Tract 5. Other is Wooded Pasture on Tract 6.

Terms & Conditions METHOD OF SALE: Halderman Real Estate Services, Inc. (HRES, IN Auct. Lic. #AC69200019) will offer this property at public auction on February 15, 2018 at 6:30 PM. 226.88 acres, more or less, will be sold at the Clinton County 4-H Community Building, 1701 S Jackson Street, Frankfort, IN. This property will be offered in six tracts as individual units, in combination or as a whole farm. DUE TO OWNERSHIP, TRACTS 1 & 2 CAN BE COMBINED WITH EACH OTHER, BUT CAN NOT BE COMBINED WITH TRACTS 3-6 AND VISAVERSA. 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 Jim Clark at 765-659-4841 or Sam Clark at 317-442-0251 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. 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 the appropriate deed to transfer the properties 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 April 6, 2018. The Sellers have the choice to extend this date if necessary. POSSESSION: Possession of land and buildings will be at closing. EASEMENT: Tract 5 Access: Access to Tract 5 has historically been through the use of the neighboring landowner’s barn lot driveway. This neighbor has agreed to provide a temporary easement over his barn lot driveway for at least 2 years for access to this tract. This is to allow the Buyer of Tract 5 time to get a new field entrance established. REAL ESTATE TAXES: Real estate taxes are $8,297.84. The Sellers will pay real estate taxes for 2017 due 2018. Buyer will be given a credit at closing for the 2017 real estate taxes due 2018 and will pay all taxes beginning with the spring 2018 installment and all taxes thereafter. DITCH ASSESSMENTS: Ditch assessments are $198.88. Buyers will pay the 2018 assessments and all assessments thereafter. MINERAL RIGHTS: All mineral rights owned by the Sellers will be conveyed to the Buyer(s). OPEN HOUSE: Thursday February, 1, 2018 from 5:00 – 6:00 PM EST. 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.