Bald Knob Road, Mount Vernon, IN 47620 - Posey County

WEDNESDAY, FEBRUARY 29

6:00 P.M.

POSEY COUNTY 4-H CENTER

AUCTION

MT. VERNON, INDIANA

560+/- ACRES

SELLING IN NINE TRACTS AT ABSOLUTE AUCTION

Announcements made day of sale take precedence over printed matter. Property will sell regardless of price.

Auctioneers Note

Well-located, productive farmland usually stays in the same family. However, this public auction offers you the opportunity to own some of Posey Countys best. This is good, safe, fertile land that has benefited from excellent soil conservation practices and stewardship. You can invest in land with soils that yield a very good yearly dividend and yet, with their nearness to Mt. Vernon, their abundance of frontage, and availability of utilities, they have some of the best potential to increase in value

as any recent land offerings. These properties sell regardless of price. See more details call Jason Blue at 812-452-3191.

Auction Location

Posey County 4-H Center

111 Harmony Township Rd.

New Harmony, IN 47631

Directions

From Mt. Vernon

Take Main St. (State Highway 69) 10 miles North to

Harmony Township Rd. 4-H Center will be on the right.

Kurtz Auction & Realty Company has been authorized to sell the following:

Tract 1

19.4 mostly tillable acres of Elkinsville silt loam. It has frontage on Bald Knob Road (1,337 frontage) and Mackey Ferry Road (662 frontage).

Tract 2

76.24 acres located at the corner of Hwy 62 (1,300 frontage with limited access) and Old Hwy 69S (2,400 frontage with limited access). It also has frontage on Mackey Ferry Road (833 frontage) and Weilbrenner Road (2,120 frontage). The predominant soil types are Uniontown Silt Loam, Alford Silt Loam and

Evansville Silt Loam.

Tract 3

14.83 acres located at the Southwest corner of State Hwy 69 (1,340 frontage with limited access) and Mackey Ferry Road (233 frontage). The predominant soil types are Evansville silt loam and Uniontown silt loam.

Tract 4

53.19 acres located off of Nation Road in Marrs Township. It is almost completely tillable with the predominant soil types being Henshaw silt loam and Evansville silt loam.

Tract 5

128.3 acres with frontage on Old State Hwy 69 (Main St.) (1,100 frontage) and Bellfontaine Cemetery Road (1,714 frontage). The predominant soil types are Uniontown silt loam, Evansville silt loam, Patton silty clay and Alford silt loam. This tract is zoned residential.

Tract 6

67.59 mostly tillable acres with frontage on Old State Hwy 69 (Main St) (1,894 frontage), Seibert Lane (1,324 frontage) and Bellfontaine Cemetery Road (478 frontage). The predominant soil types are Henshaw silt loam, Uniontown silt loam and Evansville silt loam. This tract has farm buildings and grain storage.

Tract 7

80.84 acres with frontage on Seibert Lane (1,324 frontage) and Bellfontaine Cemetery Road (1,315 frontage). The predominant soil types are Wakeland silt loam, Alford silt loam, Henshaw silt loam and Uniontown silt loam.

Tract 8

40.70 acres with frontage on Seibert Lane (538 frontage) and Bellfontaine Cemetery Road (673 frontage). The predominant soil types are Wakeland silt loam, Sylvan silt loam, Iona silt loam and Alford silt loam.

Tract 9

78.11 acres with frontage on Old State Hwy 69 (Main St.) (576 frontage) and Seibert Lane (1,335 frontage). The predominant soil types are Evansville silt loam, Alford silt loam and Iona silt loam. The western portion along Old State Hwy 69 is zoned residential with the balance being zoned agricultural. This tract has a multi-purpose farm structure.

Property lines are approximate and are for marketing purposes only. New surveys have been conducted and are available upon request.

TERMS AND CONDITIONS

ACREAGES

All tracts have a current survey conducted by Morley and Associates and will be conveyed according to the newly surveyed acreages.

ZONING

Tract #5 and a small part of the western section of Tract #9 along Old State Highway 69 are zoned residential. The remainder of Tract #9 and all of the other tracts are zoned agricultural.

MINERALS AND OIL INCOME

The buyer will receive any and all coal, oil, gas and other mineral rights, owned by the seller, for the auctioned properties. The seller has not done a mineral title search; no representations or warranties are given as to the amount of coal, oil, gas and mineral rights owned by the seller, if any.

2011 REAL ESTATE TAXES

Alma Black Heirs Farm (Tracts 1, 2 & 3), combined annual real estate taxes - $1,664.10; Marrs 53 Farm (Tract 4), annual real estate taxes - $1,345.10; Seibert Farm (Tracts 5, 6, 7, 8 & 9), combined annual real estate taxes $8,008.08. The buyer will be responsible for the Spring 2012 tax installment and any installments thereafter.

CROP INCOME

The buyer will receive the 2012 crop income.

TITLE

The seller will provide the purchaser with evidence of marketable title. This is available upon request and will be posted at the auction. The purchaser is responsible for paying all premiums associated with title insurance, if title insurance is desired.

DEED

Deed of conveyance will be by Trustees Deed.

TERMS

The purchaser is to pay 10% of the purchase price as down payment at the auction site at the conclusion of the bidding. The balance will be due with the delivery of the deed on or before March 30, 2012.

There is no buyers premium; normal and customary closing costs will apply.

POSSESSION

Possession and full farming rights will be conveyed with the delivery of deed at closing.

SELLERS

The William S. Seibert Marital Trust, William S. Seibert Family Trust; Katherine H. Seibert Irrevocable Trust; H.D. Seibert Trust; Kathryn P. Willis Irrevocable Trust. Old National Trust Company, Trustee.

We have gathered the information in this and all other advertising from reliable sources, however; it is not guaranteed.

Call Jason Blue, Auctioneer

(812) 452-3191 (800) 264-1204

Kurtz Auction

1227 Lincoln Ave. Evansville, Indiana

JASON BLUE, LICENSE #AU10800083

BILL KURTZ, CAI; JIM GOETZ; MIKE MELLOAN; JOE MILLS; JIM KNOTT; JOHN KURTZ, CAI;

AMY WHISTLE; CLAY TAYLOR; AUCTIONEERS & REALTORS; JASON BLUE, PROJECT MANAGER

Announcements made day of sale take precedence over printed matter.