Total Acres 255.49

Tracts 4

Type of Sale Auction

Farm Name Arpdisen Farms, LLC

Status closed

HLS Number GDB - 11885

Key Features Quality Farmland, Rural Residence, Recreation

Location Marion Township, Putnam County, IN


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Farm Name Arpdisen Farms, LLC

Type of Operation Farm

Current Zoning Agricultural

School System South Putnam Community Schools

Annual Taxes 11,561.82

Topography Level To Gently Rolling

Soil Fincastle silt loam Ragsdale silt loam Shoals silt loam Xenia silt loam

Building Description Dwelling 1.5 story, 2,140 sq ft with basement (unfinished) 3 BR, 2 BA, LP Heat, Central Air, Well and Septic Garage 26x50 Garage 24x30 Beam Frame Barn 34x50 w/ 14x50 Lean-to Grain Bin 24x18 Frame Corn Crib 26x41 w 15x41 Lean-to Pole Barn 38x60 w/ 17x60 and 16x60 Lean-to Utility Shed 16x20 Open Front 26x32 Frame Corn Crib 26x40 w/ 16x40 Lean-to Frame shed 22x53

Property Address 1472 N CR 750 E, Coatesville, IN 46121

Region IN

General Location One mile NE of Fillmore on Co Rd 750 E, North of Co Rd 100 N

Legal Description Pt of the W1/2 and a pt of the E1/2 Sec 2, Twp 14 N, R 3 W, Marion Twp, Putnam County, State of Indiana

Start Auction Date October 31, 2016

Start Auction Time 6:30 PM ET

Auction Location Dixie Chopper Conference Center: 102 Ballard Ln, Greencastle, IN 46135

Date October 13, 2016

Time 4:30 PM ET - 6:00 PM ET

Date October 16, 2016

Time 2:00 PM ET - 3:30 PM ET

Tillable Acres 231.810

Non-Tillable Acres 19.090

Home Acres 3.700

Other Acres 0.890

Terms & Conditions METHOD OF SALE: Halderman Real Estate Services, Inc. (HRES, IN Auct. Lic. #AC69200019) will offer this property at public auction on October 31, 2016. At 6:30 PM, 255.49 acres, more or less, will be sold at Dixie Chopper Conference Center, 102 Ballard Lane, Greencastle, IN 46135. This property will be offered in 4 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 Gary Bohlander at 765-794-0221 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 a tract or tracts, no new survey will be completed. If the existing legal description is not sufficient to obtain title insurance, or if this property sells in multiple tracts requiring new legal descriptions, 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(s). If a survey is completed, the purchase price for the surveyed tract(s) will be adjusted, up or down, to the exact surveyed acres. The price per acre will be the auction bid price for the tract, divided by the tract acreage estimated in the auction brochure. Combination purchases will receive a perimeter survey only. EASEMENT: If Tracts 2 & 3 sell separately, the easement from CR 750 E will be shared 50/50 by the purchasers. 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: The Sellers reserve the right to accept or reject any and all bids. All successful bidders must enter into a purchase agreement the day of the auction, immediately following the conclusion of the bidding. DEED: The Sellers will provide a Corporate Warranty 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 before December 1, 2016 or 15 days after completion of any survey. The Sellers have the choice to extend this date if necessary. POSSESSION: Possession of land will be at closing, subject to the tenant’s rights to the 2016 crop harvest. Possession of the buildings will be at closing with exception of the grain bin. Possession of the grain bin will be July 1, 2017. REAL ESTATE TAXES: Real estate taxes paid in 2016 was $11,561.82. The Seller will pay the 2016 taxes due and payable in 2017. Buyer will be given a credit at closing for the 2016 real estate taxes due 2017 and will pay all taxes beginning with the spring 2017 installment and all taxes thereafter. MINERAL RIGHTS: All mineral rights owned by the Sellers will be conveyed to the Buyer(s). OPEN HOUSE DATES: October 13, 2016 from 4:30-6:00 PM and October 16, 2016 from 2:00-3:30 PM at 1472 N CR 750 E, Coatesville, IN 46121. 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 disclaims 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, 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.