Lyle C. Leuck, Trustee will offer the following tract for private sale at the DUMAS, WEIST, MAHNESMITH & WRIGHT Law Office, 105 South Grant Avenue, Fowler, Indiana on:
Monday, November 20, 2017
11:00 A.M. Fowler, Indiana time:
The North Half (N ½) of the Southeast Quarter (SE ¼) of Section Seven (7), Township Twenty-six (26) North, Range Eight (8) West, Richland Township, Benton County, Indiana, containing Eighty (80.00) acres, more or less. Subject to all easements and rights of way or record. Excellent Farm Land. No Improvements. No wind turbine.
Initial Minimum Bid: $530,000.00
North of Fowler on SR55 to 800 North, West 2 miles to 200W. South ½ mile on 200W on west side of road.
Written bids will be accepted accompanied by check for not less than ten percent (10%) of the bid and must be submitted by sale time November 20, 2017. Persons submitting qualifying minimum bids or higher will be permitted to orally increase bids on November 20, 2017.
Successful bidder will be furnished Owner’s Title Insurance and possession at closing. Closing shall be no later than Friday, January 5, 2018. Sale for cash only. Purchaser will be expected to enter into contract of sale with the Seller upon acceptance of bid, and pay ten percent (10%) of the purchase price as down payment. Balance of purchase price shall be payable at closing. 2017 real estate taxes and assessments due and payable 2018 shall be paid by Seller. 2018 real estate taxes and assessments shall be paid by Purchaser. Tract is offered for sale in “as is” condition.
Seller will accommodate Section 1031 exchange transactions without expense, liability or closing extension. Real estate subject to 2014 Drainage improvement project.
Seller reserves the right to reject any or all bids.
INFORMATION PACKETS ARE AVAILABLE AND INTERESTED PERSONS MAY CONTACT:
William B. Weist, John C. Wright, or Christina A. Wright
Attorneys for Seller
Phone: (765) 884-1840