Total Acres 138.79

Tracts 2

Type of Sale Auction

Farm Name Best Farms

Status new

HLS Number BCS - 13026

Key Features Productive Farmland

Location Adams Township, Madison County, IN


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Farm Name Best Farms

Type of Operation Farm

Current Zoning Agricultural

School System South Madison Community School Corporation

Annual Taxes Tract 1 - $2,828 est. Tract 2 - $2,560 est.

Ditch Assessment Tract 1 - $118 est. Tract 2 - $79.00 est.

Topography Level

Soil Brookston and Crosby.

Property Address 5390 S 450 E, Middletown, IN, 47356

Region IN

General Location 6 miles South west of Middletown, IN 47356

Legal Description Parcel id 48-13-10-200-002.000-001 (481310200002000001) - 71.39 acres - located in part of the NW 1/4 of section 10 Township 18N, R8E, Adams Township, Madison County, Indiana. Parcel id 48-13-11-100-001.000-001 (481311100001000001) - 69 acres - Located in part of the NE 1/4 Section 11 Township 18N, R8E, Adams Township, Madison County, Indiana.

Start Auction Date September 10, 2024

Start Auction Time 5:00 PM ET

Auction Location Sealed Bid, all bids must be in Main Office Wabash by 5:00 P.M. EDT:

Tillable Acres 135.700

Non-Tillable Acres 3.090

Terms & Conditions TERMS AND CONDITIONS OF SEALED BID AUCTION 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 SUBMITTING A SEALED BID FOR THE PROPERTY OR THE SHARES, 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 AND THOSE CONTAINED IN THE PURCHASE AGREEMENT SUBMITTED WITH THEIR BID: METHOD OF SALE: Halderman Real Estate Services, Inc. (HRES, IN Auct. Lic. #AC69200019) will offer 138.79 acres, more or less in 2 tracts in Adams Township, Madison County. The property will be offered as individual tracts or as a whole farm. Bids for this sealed bid auction must be received no later than Tuesday, September 10, 2024 at 5:00 PM EST. 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. HRES will offer this parcel as a whole farm. Final sale decisions will be made and the successful bidder will be notified by 12:00 PM EST on Friday, September 13, 2024. 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 real estate purchase agreement. All bids must be received (not postmarked) by US MAIL to PO Box 297, Wabash, IN 46992; hand delivered to Brandon Stroble, 1700 N Cass St, Wabash, IN 46992; or emailed to haldermanauction@halderman.com. If emailed, ask for confirmation of receipt. All bids must be received by 5:00 PM EST on September 10, 2024. ACREAGE: The acreages listed in this brochure are estimates taken from the county assessor’s records, FSA records and/or aerial photos. SURVEY: 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(s) 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. The successful bidder(s) will enter into a purchase agreement immediately upon acceptance of their sealed bid. CLOSING: The closing shall be on or before October 22, 2024. The Seller has the choice to extend this date if necessary. POSSESSION: Possession will be at closing subject to the harvest of the 2024 crop. REAL ESTATE TAXES: The Seller will pay all the 2024 real estate taxes due and payable 2025.The Buyer(s) will be given a credit at closing for the 2024 real estate taxes due and payable 2025 and will pay all real estate taxes starting with the Spring 2025 installment and thereafter. DITCH ASSESSMENT: The Seller will pay the 2024 ditch assessment. Buyer(s) will pay the 2025 ditch assessment. 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 Corporate 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). PERSONAL PROPERTY: No personal property is included in the sale of the real estate. AGENCY: Halderman Real Estate Services and their representatives, are exclusive agents of the Seller. CONDITION OF PROPERTY: Property and Shares are sold in '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. Further, Seller disclaims any and all responsibility for prospects safety during any physical inspection of the property. No party shall be deemed an invitee by virtue of the offer of the property for sale. 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. BID RIGGING: Bid Rigging is a Federal Felony. Auctioneer will report illegal activity by any person to the FBI for investigation and prosecution. Title 15, Section 1 of the U.S. Code makes any agreement amongst potential bidders not to bid against one another, or to otherwise dampen bidding, illegal. The law provides for fines up to $100,000,000 for a corporate offender and $1,000,000 for an individual, plus imprisonment of up to 10 years. Don’t take the chance. 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. 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.