Rensselaer, IN 47948 - Jasper County

306 Acre +/- Farm Land Auction

Friday, September 20th, 2013

10:00 AM CST at Knights of Columbus Rensselaer, Indiana

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AUCTION TERMS AND CONDITIONS

PROCEDURE

The real estate which is the subject matter of this auction will be offered in two (2) separate parcels and as a combined parcel. The bid procedure shall be flexible and shall be designed to achieve the greatest sale price.

DOWN PAYMENT

A 10% non-refundable down payment will be due from each successful bidder on the day of the auction. The down payment may be made in the form of a cashiers check, personal check, or corporate check. No bids subject to financing will be accepted.

PURCHASE AGREEMENT

The successful bidder or bidders will be required to enter in to a Purchase Agreement at the auction immediately following the close of the auction. The final bid price is subject to sellers acceptance or rejection.

EVIDENCE OF TITLE

Seller at Sellers expense shall provide to the successful bidder or bidders an owners title insurance policy in the amount of the purchase price.

CONVEYANCE OF TITLE

Seller shall provide a Corporate Warranty Deed to Buyer for the subject real estate.

CLOSING

The balance of the purchase price is due at closing. The closing will take place on or before Monday, October 21, 2013. The closing will take place at Land Title Agency, Inc., 209 West Washington Street, Rensselaer, Indiana 47978. The closing costs shall be shared 50/50 between the Seller and successful bidder or bidders.

POSSESSION

Seller shall grant Buyer possession on January 1, 2014.

REAL ESTATE TAXES

Seller shall assume and pay the 2013 real estate taxes due and payable in May and November 2014, by virtue of a credit to be given to Buyer at closing. Buyer shall pay the real estate taxes for the year commencing 2014 due and payable in 2015 together with any ditch assessments due in the year 2014.

DISCLAIMER

The information included in this brochure is believed to be reliable. HOWEVER, the Seller makes no representations or warranties concerning the accuracy of the information so disclosed. The information contained in this brochure is based upon the best information available at this time. All information contained in the brochure is subject to the terms and conditions of the sale, as are disclosed in the Purchase Agreement. The parcels sold are being sold AS IS, WHERE IS. The Buyer or Buyers take the property AS IS WITH ALL FAULTS.