Total Acres 159.60

Tracts 3

Type of Sale Auction

Farm Name Leo Nicholson Estate

Status closed

HLS Number PDB - 12090

Key Features Cropland, potential home sites, recreation - woods. Rural residence

Location Polk Township, Washington County, IN


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Farm Name Leo Nicholson Estate

Type of Operation Farm - Livestock - Recreational - Timber - Residential

Current Zoning Agricultural

School System East Washington

Annual Taxes 4,864.86

Topography Gently Rolling

Soil Cuba silt loam, Bartle silt loam, Perkin silt loam, Peoga silt loam, zanesville silt loam

Building Description 1779 square foot, 4 bedroom farmhouse, garage & 40x60 barn. The acreage is fenced pasture with a small woods. 1240+ feet frontage on Blue River and Mt. Zion Church roads

Property Address 9258 E Blue River Road, Pekin, IN 47165

Region IN

General Location 9258 E Blue River Road, Pekin, IN 47165

Legal Description located in part of Sections 11 & 14, T1N, R5E, Polk Township, Washington Co, State of Indiana;Tax parcel #88-15-14-000-011.000-015 and # 88-15-11-000-012.000-015

Start Auction Date December 06, 2017

Start Auction Time 6:30 PM ET

Auction Location Southern Hills Church Fellowship Hall: 1645 S. State Rd. 135, Salem, IN 47167

Date November 16, 2017

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

Tillable Acres 98.450

Wooded Acres 26.780

Home Acres 1.000

Pasture Acres 33.370

Terms & Conditions METHOD OF SALE: Halderman Real Estate Services, Inc. (HRES, IN Auct. Lic. #AC69200019) will off er this property at public auction on December 6, 2017, at 6:30 PM. 159.6 acres, more or less, will be sold at the Southern Hills Church Fellowship Hall, 1645 S. State Road 135, Salem, IN. This property will be off ered in three tracts as individual units, in combination or as a whole farm. Each bid shall constitute an off er to purchase and the fi nal 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 fi nal. To place a confi dential phone, mail or wire bid, please contact Dave Bonnell at 812-343-4313 or Michael Bonnell at 812-343-6036 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 suffi cient 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 suffi cient 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: Seller will retain the 2017 farm income. 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. The minimum acceptable bid for the whole farm or any combination of the parcels is $440,000. 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 before February 1, 2018. The Sellers have the choice to extend this date if necessary. POSSESSION: Possession of land will be at closing. Possession of the buildings will be 30 days after closing. REAL ESTATE TAXES: Real estate taxes are $4,864.86. The Sellers will pay real estate taxes for 2017 due 2018. Buyer will be given a credit at closing for the 2017 real estate taxes due 2018 and will pay all taxes beginning with the spring 2018 installment and all taxes thereafter. MINERAL RIGHTS: All mineral rights owned by the Sellers will be conveyed to the Buyer(s). OPEN HOUSE: Thursday, November 16, 2017 from 4:00 PM to 6:00 PM at Tract 1 located at 9258 E Blue River Road, Pekin, IN.. 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 verifi cation 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 fi tness 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, fi tness, etc. All decisions of HRES and/or the auctioneer are fi nal.