Total Acres 104.93

Tracts 1

Type of Sale Auction

Farm Name Estate of Larry J. Howdeshell

Status closed

HLS Number JAM - 12910

Key Features Good farmland, Pole Building, (2) Grain Bins

Location Rochester Township, Fulton County, IN


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Farm Name Estate of Larry J. Howdeshell

Type of Operation Farm

Current Zoning Agricultural

School System Rochester Community School Corporation

Annual Taxes $1,636.22

Ditch Assessment 0.00

Topography Level To Gently Rolling

Building Description 20' x 48' pole building and two grain bins (5,000 and approximately 2,500 bu)

Property Address MONTICELLO RD, ROCHESTER, IN, 46975

Region IN

General Location Approximately one third mile east of U.S. Highway 31 on the south side of Monticello Road, Rochester, IN 46975

Legal Description The North Half of the Northeast Quarter of Section 6, Township 30 North, Range 3 East, containing 101.91 Acres, more or less. ALSO, Commencing at a point in the North line of said Section 6, Township 30 North, Range 3 East, where the Monticello Road intersects the same and in the center of said road; Thence West along the North line of said Section 6 to the Half Section Line running North and South through said Section 6, Township and Range aforesaid; Thence North parallel with the East line of Section 31, Township 31 North, Range 3 East, to the center of the Monticello Road; Thence in a Southeasterly direction along the center of said road to the place of beginning, said last above described tract of land being situated in the Southeast Quarter South of the Road in Section 31, Township 31 North, Range 3 East. EXCEPTING THEREFROM: A parcel of land located in the Northeast Quarter of fractional Section 6, Township 30 North, Range 3 East, Rochester Township, Fulton County, Indiana, more particularly described as follows: Commencing at the Northeast Corner of said Section 6; Thence South 1 Degree 23 Minutes 04 Seconds West (bearing per State Plane and 83 Indiana East Zone) a distance of 980.90 Feet, being the point of beginning; Thence continuing along the East line of said Section 6 a distance of 321.85 Feet; Thence North 88 Degrees 36 Minutes 56 Seconds West a distance of 290.00 Feet; Thence North 1 Degree 23 Minutes 04 Seconds East a distance of 288.83 Feet; Thence South 89 Degrees 19 Minutes 22 Seconds East a distance of 182.00 Feet; Thence North 59 Degrees 39 Minutes 36 Seconds East a distance of 58.51 Feet; Thence South 88 Degrees 36 Minutes 56 Seconds East to the point of beginning a distance of 58.23 Feet, containing 2.00 Acres, more or less. ALSO EXCEPTING THEREFROM: A parcel of land located in the Northeast Quarter of Fractional Section 6, Township 30 North, Range 3 East, Rochester Township, Fulton County, Indiana, more particularly described as follows: Commencing at the Northeast Corner of said Section 6; Thence South 1 Degree 23 Minutes 04 Seconds West (bearing per State plane NAD 83 Indiana East Zone), a distance of 680.90 Feet, being the point of beginning; Thence continuing along the East line of said Section 6, a distance of 300.00 Feet; Thence North 88 Degrees 36 Minutes 56 Seconds West, a distance of 58.23 Feet; Thence South 59 Degrees 39 Minutes 36 Seconds West, a distance of 58.51 Feet; Thence North 89 Degrees 19 Minutes 22 Seconds West, to the intersection of an existing fence line, a distance of 182.00 Feet; Thence North 1 Degree 23 Minutes 04 Seconds East, a distance of 333.02 Feet; Thence South 88 Degrees 36 Minutes 56 Seconds East, to the point of beginning, a distance of 290.00 Feet, containing 2.15 Acres, more or less. ALSO EXCEPTING THEREFROM: A parcel of land located in the Fractional Northeast Quarter of Section 6, Township 30 North, Range 3 East, Rochester Township, Fulton County, Indiana, being more particularly described as follows: Beginning at the Northeast Corner of said Fractional Northeast Quarter, as evidenced by a 5/8 inch rebar; Thence South 01 Degrees 23 Minutes 47 Seconds West (bearing assumed) on and along the East line of said Section 6, also being the West line of Section 32 Michigan Road Lands to a 5/8 inch rebar set at the extension of the center of Monticello Road extended Southeasterly, a distance of 26.97 Feet; Thence North 78 Degrees 27 Minutes 21 Seconds West along the center of Monticello Road to the intersection of the North line of said Fractional Northeast Quarter, a distance of 151.57 Feet; Thence South 88 Degrees 42 Minutes 21 Seconds East along said North line to the point of beginning, a distance of 149.20 Feet, containing 0.05 Acre (2012 square feet), more or less. ALSO EXCEPTING THEREFROM: A parcel of land located in the Northeast Quarter of the fractional Section 6, Township 30 North, Range 3 East, and the Southeast Quarter of the fractional Section 31 and the fractional Section 32, Township 31 North, Range 3 East, Rochester Township, Fulton County, Indiana, more particularly described as follows: Commencing at the Northeast Corner of said Section 6 as witnessed by a rebar (found); Thence South 1 Degree 23 Minutes 04 Seconds West (bearing per State Plane and 83 Indiana East Zone) on and along the East line of said Section 6 to the intersection of a public roadway (County Road 200 North also known as Monticello Road) a distance of 26.98 Feet (rebar found) being the point of beginning; Thence continuing along said East line to the Northeast Corner of a tract of land as described in Deed Record 0000267 as recorded in the Office of the Fulton County Recorder a distance of 653.92 Feet (spike found); Thence North 88 Degrees 36 Minutes 56 Seconds West to the Northwest corner of aforementioned tract a distance of 290.00 Feet (rebar found); Thence North 1 Degree 23 Minutes 04 Seconds East to the intersection of the North line of said Section 6 a distance of 680.40 Feet; Thence continuing North 1 Degrees 23 Minutes 04 Seconds East to the intersection of said public roadway a distance of 25.46 Feet (rebar set); Thence South 78 Degrees 27 Minutes 44 Seconds East along the center of said roadway and extended to the point of beginning a distance of 294.60 Feet, containing 4.53 Acres, more or less.

Start Auction Date June 29, 2023

Start Auction Time 2:00 PM ET

End Auction Date June 29, 2023

End Auction Time 6:00 PM ET

Auction Location Online Only:

Tillable Acres 92.000

Non-Tillable Acres 5.170

Other Acres 7.760

Other Acres Notes 6.76 acres expired CRP with cropland history 1.0 acre building and bin site

Terms & Conditions 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: June 29, 2023 @ 2:00 PM EST; Bidding closes: June 29, 2023 @ 6:00 PM EST (**See AUCTION END TIMES). UPON CONCLUSION OF THE AUCTION: The Winning Bidder will be emailed 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 Halderman Real Estate Services, Inc. by email, fax 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 Bidder’s liability to both the Seller and Halderman Real Estate Services, Inc. Seller shall have the right to (a) declare this contractual agreement cancelled 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 Halderman Real Estate Services, 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 Halderman Real Estate Services, Inc. In addition, Halderman Real Estate Services, Inc. also reserves the right to recover any damages separately from the breach of the Buyer. Both the Successful Bidder and Seller shall indemnify Halderman Real Estate Services, Inc. for and hold harmless Halderman Real Estate Services, Inc. from any costs, losses, liabilities, or expenses, including attorney fees resulting from Halderman Real Estate Services, 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. REAL ESTATE TERMS: • TERMS OF SALE: 10% earnest deposit down with the executed contract, balance due at closing. Your purchase is not subject to financing. • ACREAGE: The acreages listed in this brochure are estimates taken from the county assessor’s records, FSA records and/or aerial photos. • DATE OF CLOSING: Closing will occur on or before August 25, 2023. • POSSESSION: Possession of the Land will be at closing subject to the tenant’s rights to the 2023 crop harvest. Possession of the buildings will be at closing. • REAL ESTATE TAXES: Real estate taxes will be pro-rated to the 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 as agreed to by bidders at registration prior to bidding. • SURVEY: The Sellers reserve the right to determine the need for and type of survey provided. If an existing legal description is adequate for title insurance for the tract, no new survey will be completed. If the existing legal description is not sufficient to obtain title insurance, a survey will be completed, the cost of which will be shared 50/50 by the Sellers and the Buyer(s). The Sellers will choose the type of survey to be completed and warrant that it will be sufficient to provide an owner’s title insurance policy 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. • FARM INCOME: The 2023 cash rent income (total amount equaling $18,400) will be pro-rated to the date of closing. • DEED: The Sellers will provide a Personal Representative’s Deed at closing. • EVIDENCE OF TITLE: The Sellers 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. • AERIAL PHOTOS, Images and Drawings: are for illustration purposes only and not surveyed boundary lines unless specified. • MINERAL RIGHTS: All mineral rights owned by the Sellers will be conveyed to the Buyer(s). • PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigation, inquiries and due diligence concerning the property. Further, Sellers disclaim any and all responsibility for bidder’s safety during any physical inspections of the property. No party shall be deemed to be invited to the property by HRES or the Sellers. • AGENCY: Halderman Real Estate Services, Inc. is the Agent and Representative of the Seller. • DISCLAIMER: All information contained in this brochure and all related materials are subject to the Terms and Conditions outlined in the purchase agreement. This information is subject to verification by all parties relying upon it. No liability for its accuracy, errors or omissions is assumed by the Sellers or HRES. All sketches and dimensions in this brochure are approximate. ANNOUNCEMENTS MADE BY HRES AND/OR THEIR AUCTIONEER AT THE AUCTION DURING THE TIME OF THE SALE TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIALS OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either express or implied, concerning the property is made by the Sellers or HRES. No environmental audit has been made, nor will one be made. Except for any express warranties set forth in the sale documents, Buyer(s) accepts the property “AS IS,” and Buyer(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Sellers and HRES make no warranty or representation, express or implied or arising by operation of law, including any warranty for merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall the Sellers or HRES be liable for any consequential damages. • 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. BIDDING AND REGISTRATION INFORMATION BIDDER VERIFICATION: Bidding rights are provisional, and if identity verification is questionable, Halderman Real Estate Services, Inc. has the right to reject the registration, and bidding activity will be terminated. The Seller and Halderman Real Estate Services, Inc. reserve the right to preclude any person from bidding if there is any question as to the person's credentials, mental fitness, etc. Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account. If the registered bidder's user name is offensive to Halderman Real Estate Services, Inc. or in their sole opinion detrimental to Bidding Activity, then Halderman Real Estate Services, Inc. reserves the right to delete the bidder from bidding or unilaterally change the username with notification to the Bidder. When using the web site you must obey any and all local, state and federal laws. Violations will result in termination of web site use privileges. **AUCTION END TIMES: Halderman Real Estate Services, Inc. online only auctions are timed events and all bidding will close at specified time. However, our auctions also have what is called an 'Auto Extend' feature. Any bid placed within the final 5 minutes of an auction results in the auction automatically extending 5 additional minutes. The bidding will extend in 5 minute increments from the time the last bid is placed until there are no more bids, and the lots sit idle for 5 minutes. Therefore, the auction will not close until all bidding parties are satisfied and no one can be outbid at the last second without having another opportunity to bid again. TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software, internet or any other online auction-related technologies, Halderman Real Estate Services, Inc. reserves the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software, nor Halderman Real Estate Services, Inc. shall be held responsible for a missed bid or the failure of the software to function properly for any reason. CONDUCT OF THE AUCTION: The minimum bid increase will be $5,000. Halderman Real Estate Services, Inc. reserves the right to reject any and all bids for any reason and also reserves the right to cancel this auction, or remove any item or lot from this auction prior to the close of bidding. All decisions of Halderman Real Estate Services, Inc. are final. YOUR BID ON THIS AUCTION INDICATES BOTH AN UNDERSTANDING AND AN ACCEPTANCE OF THE TERMS OF THIS CONTRACTUAL AGREEMENT BETWEEN YOURSELF AND BOTH 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.