Vienna Road, Evansville, IN 47712 - Posey County

VIRTUAL ONLINE LAND AUCTION

WEDNESDAY, FEBRUARY 8, 12 NOON (CT)

55.75 +/- AC

QUALITY POSEY COUNTY FARMLAND

OFFERED IN (2) TRACTS AND COMBINED

PROPERTY LOCATION:Located 1.5-miles north of Indiana State Road 66, this property has frontage along Vienna Road and is uniquely located for good access from Posey County or Vanderburgh County.

PROPERTY DESCRIPTION:55.75 +/- Total Acres; 54.02 FSA Tillable Acres

For the farmland investor, this farm features Wakeland and Hosmer soils, which are highly responsive to modern cultivation, with ample road frontage for transport to grain terminals.

Please refer to the website for FSA and soil information.

For the homesite buyer,this land tract is located in a desirable area of Posey County, just 12-miles from Downtown Evansville. With rolling topography, these tracts offer you the opportunity to build your dream home.

TRACT DESCRIPTIONS:

Tract 1: 39.5 AC; mostly tillable with rolling topography; frontage along Vienna Road

Tract 2: 16.25 AC; tillable with rolling topography; easement access from Vienna Road

INSPECTION:A Wilson Representative will be onsite on JANUARY 25, 2-3 PM; FEBRUARY 6, 2-3 PM to answer questions about the property.

PLEASE READ AND REVIEW THE REAL ESTATE TERMS THOROUGHLY PRIOR TO BIDDING ON ANY PROPERTY. IF YOU HAVE NOT READ AND 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:

ONLINE BIDDING: AUCTION DATE / TIME:Bidding begins: JANUARY 25, 2023 12 NOON (CT); Bidding closes: FEBRUARY 8, 2023 5:30 PM (CT) (**See AUCTION END TIMES). Bidding will be conducted online atwilsonauctions. Alternatively, to place a confidential phone bid or to make other arrangements for bidding, please contact our office at least two days prior to the auction.

UPON CONCLUSION OF THE AUCTION:The Winning Bidder will be sent a Real Estate Contract to print and is required to fully and correctly complete and properly sign without any modifications. Bidder is to return the completed, signed contract to William Wilson Auction Realty, Inc. by email, fax, certified mail or delivered in person by 4:00 PM of the day following the auction. Along with the completed, signed contract, the Winning Bidder will be required to send the specified non-refundable earnest money deposit as stated in the property description. This non-refundable earnest money deposit will be held in escrow until closing and that amount will then be credited to the Buyer as part of the purchase price of the property. Wire transfer instructions and escrow agreement forms will be provided to the Buyer along with the contract after the auction. Purchaser shall be responsible for all wire transfer fees. Successful bidders not executing and returning the completed contract and earnest money deposit by 4:00 PM the day after the auction will be considered in default. Such default by the Successful Bidder will result in that Bidders liability to both the Seller and William Wilson Auction Realty, Inc. Seller shall have the right to (a) declare this contractual agreement canceled and recover full damage for its breach, (b) to elect to affirm this contractual agreement and enforce its specific performance or (c) Seller can resell the property either publicly or privately with William Wilson Auction Realty, Inc. and in such an event, the Buyer shall be liable for payment of any deficiency realized from the second sale plus all costs, including, but not limited to the holding costs of the property, the expenses of both sales, legal and incidental damages of both the Seller and William Wilson Auction Realty, Inc. In addition, William Wilson Auction Realty, Inc. also reserves the right to recover any damages separately from the breach of the Buyer. Both the Successful Bidder and Seller shall indemnify William Wilson Auction Realty, Inc. for and hold harmless William Wilson Auction Realty, Inc. from any costs, losses, liabilities, or expenses, including attorney fees resulting from William Wilson Auction Realty, Inc. being named as a party to any legal action resulting from either Bidders or Sellers failure to fulfill any obligations and undertakings as set forth in this contractual agreement.