Total Acres 20.84

Tracts 1

Type of Sale Auction

Farm Name KRM Five, LLC/ASM 7, LLC. - Tract 2

Status closed

HLS Number JAM - 12905

Key Features

Location Eagle Creek Township, Lake County, IN


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Farm Name KRM Five, LLC/ASM 7, LLC. - Tract 2

Type of Operation Building Site - Development - Farm - Transitional

Current Zoning Agricultural

School System Tri-Creek School Corporation

Annual Taxes $4,282.64

Ditch Assessment $0

Topography Level To Gently Rolling

Property Address E 173Rd Ave, Dinwiddie, IN 46341

Region IN

General Location Tr. 2: East side of Mississippi Street approximately 1/8 mile south of the intersection of 173rd Ave and Mississippi Street with frontage on 173rd Ave.

Legal Description Tract 2: The Northwest Quarter of the Northwest Quarter of Section 23, Township 33 North, Range 8 West of the 2nd P.M., in Lake County, Indiana, except the West 320 feet of the North 472.77 feet thereof, EXCEPTING THEREFROM: Part of the Northwest Quarter of the Northwest Quarter of the Section 23, Township 33 North, Range 8 West of the Second Principal Meridian, in Lake County, Indiana, more particularly described as follows: Commencing at the Northwest corner of said Section 23; thence South 89 degrees 53 minutes 32 seconds East along the North line of said Northwest Quarter a distance of 1069.54 feet to the True Point of Beginning, thence continue South 89 degrees 53 minutes 32 seconds East along said North line a distance of 250.00 feet to the Northeast corner of said Northwest Quarter of the Northwest Quarter; thence South 00 degrees 52 minutes 10 seconds East along the East line of said Quarter Quarter a distance of 990.68 feet to the North line of the South 10 acres of said Quarter Quarter; thence North 89 degrees 55 minutes 27 seconds West along said North line a distance of 249.97 feet, thence North 00 degrees 52 minutes 09 seconds West a distance of 990.82 feet to the place of beginning, containing 5.685 acres, more or less. ALSO EXCEPTING THEREFROM: The South 10 acres of the Northwest Quarter of the Northwest Quarter of Section 23, Township 33 North, Range 8 West of the 2nd P.M., in Lake County, Indiana.

Start Auction Date June 20, 2023

Start Auction Time 1:00 PM ET

Auction Location Bids must be completed via the purchase agreement i n the bidder's packet and submitted via: EMAIL: juliem@halderman.com OR MAIL OR IN-PERSON: Julie Matthys, Halderman Real Estate 29956 Edison Road, New Carlisle, IN 46552 Deadline for all bids is 12 pm CT / 1 pm ET on June 20, 2023.:

Tillable Acres 18.900

Non-Tillable Acres 1.940

Terms & Conditions PLEASE READ AND REVIEW THE REAL ESTATE TERMS THOROUGHLY PRIOR TO BIDDING ON ANY PROPERTY. IF YOU HAVE NOT READ OR DO NOT UNDERSTAND THESE TERMS, DO NOT BID. BY BIDDING ON THE PROPERTY, BUYER AGREES TO ALL TERMS AND CONDITIONS SET FORTH AND ENTERS INTO A CONTRACTUAL AGREEMENT TO PURCHASE THE PROPERTY UNDER THE FOLLOWING TERMS AND CONDITIONS: METHOD OF SALE: Halderman Real Estate Services, Inc. (HRES, IN Auct. Lic. #AC69200019) will offer 186.434 acres more or less, located in Eagle Creek Township, Lake County, by sealed bid auction on June 20, 2023. All bids must be received by 12:00 PM CST / 1:00 PM EST on June 20, 2023. Successful bidders will be notified by 12:00 PM CST / 1:00 PM EST on June 26, 2023. Each bid shall constitute an offer to purchase and the final bid, if accepted by the Seller, shall constitute a binding contract between the Buyer(s) and the Seller. The auctioneer will settle any disputes as to bids and their decision will be final. BID FORMAT: Bid packets will be provided upon request outlining the procedures and will include a purchase agreement. All bids must be received by Julie Matthys of Halderman Real Estate at 29956 Edison Rd, New Carlisle, IN 46552-8402. Bids may also be received by email to juliem@halderman.com. ACREAGE: The acreages listed in this brochure are estimates taken from the county assessor’s records, FSA records and/or aerial photos. SURVEY: All parcels were surveyed in 2021. There will be no survey unless required for clear title. If the existing legal description is not sufficient to obtain marketable title, a survey will be completed, the cost of which will be shared equally between the Buyer and the Seller. The Seller will choose the type of survey to be completed and warrant that it will be sufficient to provide marketable title 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. TERMS OF SALE: 10% of the bid down upon acceptance of the bid with the balance due at closing. The down payment must be in the form of personal check, cashier’s check, corporate check or wire. 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 Seller reserves the right to accept or reject any and all bids for any reason. All persons submitting a sealed bid must be at least 18 years of age or older and have full authority to bid on the property either solely or as a representative of the bidding entity. In the event of a tie bid, the Broker shall notify tied bidders and ask them to submit a final offer to break the tie bid. The successful bidder(s) will enter into a purchase agreement immediately upon acceptance of their sealed bid. CLOSING: The closing shall be on or about September 1, 2023. The Seller has the choice to extend this date if necessary. POSSESSION: Possession of the land will be at closing, subject to the tenant’s right to the 2023 crops. RENTAL INCOME: The 2023 farm lease income will be pro-rated to the date of closing. The buyer will receive their portion in the form of a credit at closing. REAL ESTATE TAXES: The real estate taxes will be pro-rated to date of closing. NO CONTINGENCIES: This Real Estate contract is not contingent on or subject to Buyer’s financing, appraisal, survey or inspections of any kind or any other contingencies. DEED: The Seller will provide a Warranty Deed at closing. TITLE: The Seller 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. ZONING AND EASEMENTS: Property is being sold subject to any and all easements of record. Property is subject to all state and local zoning ordinances. MINERAL RIGHTS: All mineral rights owned by the Seller will be conveyed to the Buyer(s). INSPECTION DATE: A Property Inspection Day will be on June 3, 2023 from 10:00 AM CST / 11:00 AM EST to 12:00 PM CST / 1:00 PM EST. AGENCY: Halderman Real Estate Services and their representatives, are exclusive agents of the Seller. CONDITION OF PROPERTY: Property is sold 'AS IS, WHERE IS' condition. Halderman Real Estate Services, Inc, the Seller nor their representatives, agents, or employees make no express or implied warranties or representations of any kind. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property prior to bidding on the subject property. All information presented in the brochure, website, and all other mediums is subject to verification by all parties relying on it. All sketches and dimensions are approximate. No liability for its accuracy, errors, or omissions is assumed by the Seller, Halderman Real Estate Services, Inc. or their Agents or Representatives. Buyer and or Bidder agrees to hold harmless and indemnify Halderman Real Estate Services, Inc. and their Agents and their Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc. AERIAL PHOTOS, IMAGES AND DRAWINGS: For illustration purposes only and not surveyed boundary lines unless specified. DISCLAIMER: All information included herein was derived from sources believed to be correct, but is not guaranteed. NEW DATA, CORRECTIONS, and CHANGES: Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information. • CONSERVATION RESERVE PROGRAM: The Buyer(s) of Tract 1 must enter into a succession contract with the FSA for the remainder of the contract. If the Buyer(s) fail to fulfill the CRP contract, the Buyer(s) is solely responsible for repayment of all received payments, interest and penalties. YOUR BID ON THIS AUCTION INDICATES BOTH AN UNDERSTANDING AND AN ACCEPTANCE OF THE TERMS OF THIS CONTRACTUAL AGREEMENT BETWEEN YOU, THE SELLER AND HALDERMAN REAL ESTATE SERVICES, INC. AND THAT YOU, AS THE BIDDER, ARE PREPARED TO PURCHASE THE PROPERTY UNDER THE TERMS AND CONDITIONS OF THIS AUCTION.