Total Acres 168.43

Tracts 6

Type of Sale Auction

Farm Name Lillian Blackman Estate

Status closed

HLS Number JRR - 11945

Key Features Excellent tillable land, residential building sites and a country single family residence

Location Butler Township, Miami County, IN


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Farm Name Lillian Blackman Estate

Type of Operation Farm - Recreational - Residential

Current Zoning Agricultural

School System Maconaquah School Corp.

Annual Taxes $5,590.48

Ditch Assessment 0

Topography Level To Gently Rolling

Soil Mostly Pewamo silt loam and Blount silt loam

Building Description 1667 square ft home with great access to the reservoir. Also a 32' x 64' pole building great for boat storage

Property Address 5039 E 400 S Peru, IN 46970

Region IN

General Location 7 miles southeast of Peru, IN

Legal Description a part of the NW1/4 of Sec 16, and a part of the SW1/4 of the SW1/4 of Sec 9, T26N, R5E, Buttler Twp, Miami Co, State of IN

Start Auction Date April 13, 2017

Start Auction Time 6:30 PM ET

Auction Location The Old Firehouse: 12 N. Miami Street, Peru, IN

Date March 25, 2017

Time 4:00 PM ET - 5:00 PM ET

Date March 26, 2017

Time 4:00 PM ET - 5:00 PM ET

Tillable Acres 149.000

Wooded Acres 8.000

Home Acres 5.000

Building Site Acres 6.430

Terms & Conditions METHOD OF SALE: Halderman Real Estate Services, Inc. (HRES, IN Auct. Lic. #AC69200019) will offer this property at public auction on April 13, 2017, at 6:30 PM, 168.43 acres, more or less, will be sold at The Old Firehouse, 12 N Miami Street, Peru, IN. This property will be offered in six tracts as individual units, in combination or as a whole farm. Each bid shall constitute an offer to purchase and the final bid, if accepted by the Sellers, shall constitute a binding contract between the Buyer(s) and the Sellers. The auctioneer will settle any disputes as to bids and his decision will be final. To place a confidential phone, mail or wire bid, please contact Jon Rosen at 260-740-1846 at least two days prior to the sale. ACREAGE: The acreages listed in this brochure are estimates taken from the county assessor’s records, FSA records and/or aerial photos. 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. DOWN PAYMENT: 10% of the accepted bid down on the day of the auction with the balance due at closing. The down payment must be in the form of personal check, cashier’s check, cash or corporate check. 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: All successful bidders must enter into a purchase agreement the day of the auction, immediately following the conclusion of the bidding. Successful bidders must execute purchase agreements on tracts exactly as they have been bid. 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. CLOSING: The closing shall be on or about May 25, 2017. The Sellers have the choice to extend this date if necessary. POSSESSION: Possession of the buildings will be at closing. Possession of land will be at closing, subject to the tenant’s rights to the 2017 crop harvest. FARM INCOME: Seller will retain the 2017 farm income. Buyer will receive a credit at closing based on tillable acre purchased. REAL ESTATE TAXES: Real estate taxes for 2015 were $5,590.48. The Sellers will pay real estate taxes for 2016 due 2017. Buyer will pay the 2017 real estate taxes due 2018 and all taxes thereafter. 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., Russell D. Harmeyer, Auctioneer, and their representatives, are exclusive agents of the Sellers. 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. Each prospective bidder is responsible for conducting his/her independent inspections, investigations, inquiries and due diligence concerning the property. 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. Conduction of the auction and increments of bidding are at the direction and discretion of HRES and/or the auctioneer. The Sellers and HRES reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of HRES and/or the auctioneer are final.