Real Estate Public Auction of 308 Acre of Farm 267 Acres Tillable 16 Miles Northeast of Rushville, IN 81/2 Miles Northwest of Glenwood, IN 3 Miles Northwest of Falmouth, IN All Parcels have Frontage on CR 800N, 900N and/or 700E, Rush County, IN Located in Sections 20 & 21 (T15N, R11E), in Washington Township Rush Co., IN Offered in 9 Parcels from 2.2 to 79.9 Acres Each Parcel w/ 1-Story 1219 Sq. Ft. Home Auction will be held on location at 7041 900N, Falmouth, IN Saturday, June 17 - 2023 10:00 AM County Government Information: * All tracts are in the A-3 (Agriculture) zoning designation. All parcels are subject to the regulations of the Rush County Area Planning Commission, located at 101 East Second Street, Room 211, Rushville, IN 46173. Executive Director: Mike Holzback Tele # 765-932-3090. (planningdirector@rushcounty.in.gov) Any new driveway must obtain permission from the Rush County Highway Department. To inquire as to the possibilities of entrances, contact the Rush County Highway, at 1352 East State Road 44, Rushville, IN 765-932-2926. Jerry Sitton Highway Superintendent. * The Rush County Area Planning Commission must approve any further division of these parcels. * Any new homes built on these properties will need septic approval from the Rush County Health Department, located at 101 East Second Street Rushville, Indiana. Health Officer Dr. Russell Daugherty. Tele # 765-932-3103 or 765-932-2216 * All tracts are in the Rush County Schools at 330 8th Street, Rushville IN 46173. Tele # 765-932-4186. * Property has a Falmouth Indiana (46127) mailing address. Property Information: * No Percolation Tests have been done on any of the vacant parcels. Any potential buyer may have these tests done at their own expense prior to the day of sale if they so choose. * No Appraisal has been done on any of the individual parcels offered in this auction. Any potential buyer may have these appraisals done at their own expense prior to the day of sale if they feel the need for such appraisals. * No municipal sewer or gas is currently available in this area. * Duke Energy provides electric service in this area. To inquire about electric service, contact them at 1-800-521-2232. *Any existing easements will remain in with the property. * As part of the Restrictive Covenants to protect existing and future neighbors, No Mobile Homes will be allowed on any of these parcels. Also, all dwellings on any of these parcels must contain a minimum of 1500 square feet of living area. * At the time of sale, the buyer of adjoining tracts will have the right to request the adjoining tracts to be transferred as one parcel (with one legal description) or as the multiple tracts as offered during the auction. Farms West of CR 700E Tract # 1 Approximately 77.4 acres of vacant land (FSA calls for 76.98 tillable acres on Farm # 8636 Tract # 32285) w/ frontage along the North side of CR 800 N). On the northern portion of this parcel, there is a 29' x 1342' jog in the west boundary line. Also, a small triangle portion of the field (near the bridge abutment) will be deeded to tract # 2 for access to the portion of tract # 2 that lies north of Shawnee Creek. Tract # 2 Approximately 14.5 acres of vacant land (w/ approximately 6.3 acres of tillable & wooded pastureland) w/ frontage along the North side of CR 800N. Shawnee Creek runs thru this parcel and property will have access to CR800N on both sides of the bridge. Tract # 3 Approximately 11.5 acres of vacant land (nearly all tillable) w/ frontage along the North side of CR800N . There is a small portion (110'x204') at the intersection of CR800N & CR 700E which is owned by the Trustees of East Fork Regular Baptist Church. Tract # 4 Approximately 45.1 acres of vacant land nearly all tillable (FSA calls for 43.59 acres on Farm # 8937 - Tract # 32580, however a very small portion of this area was taken to square off parcel # 2). This parcel has frontage along the north side of CR 700E and also adjoins Shawnee Creek along part of the eastern boundary line. Farms East of CR 700E Tract # 5 Approximately 39.5 acres of land (nearly all tillable FSA calls for 35.32 tillable acres, however a very small portion was taken to square off Tract # 7 and a portion of the 4.66 acre FSA parcel was given to this tract from parcel #7, leaving approximately 37 acres of total tillable land). This Tract also has four-grain bins w/ 46,000 bu. storage capacity (built from 1977 to 1984), a confinement building (120'x24' built in 1976) and a smaller utility shed (built in 1976). This parcel will be given a two-year easement for ingress & egress from Tract # 7 to use the existing lane until a new access lane can be built for access to the grain storage facility. Frontage on this tract is along the North side of CR 800N and the East side of CR 700E. Tract # 6 Approximately 25.8 acres of land (with approximately 7.5 acres of tillable land, a very unique ROUND BARN and a 55'x90'x14'pole barn (built in 1975). This parcel adjoins Shawnee Creek on its western boundary and is a perfect setting for a mini horse farm. This tract will give a two-year easement for access to the grain bins, until a permanent access lane can be built. This parcel has frontage along the East side of CR 700E. Tract # 7 Approximately 14 acres of vacant land (about 85% tillable) with cleared land along the frontage and wooded land along the eastern boundary line. This parcel has access along the east side of CR 700E. A very nice potential Mini-Farm! Tract # 8 Approximately 79.9 acres of vacant land (about 95% tillable & cleared land) with some access to Shawnee Creek along the eastern boundary. Also included with this parcel is a 54'x82'x14'pole barn (built in 1975) and a 36'x100' Quonset building (built in 2004 or 2006). This parcel has access along the east side of CR 700E and the south side of CR 900N. A permanent easement for the use, maintenance & repair of the existing well will be given to Tract # 9. Also, a temporary easement will be given to Tract # 9 for the use of the existing electric service until a permanent service is installed on Tract # 9. The residential parcel will pay the current electric bills until the new service is connected or 1-1-24 whichever is first. Tract # 9 A single story dwelling at the corner of CR 900N & CR 700E. The home was built in 1975 and has 1219 square feet of living area. A 12'x 8' wooden deck was added in 2010 and a small utility shed is also included on this 2.2-acre lot. This is a nice country setting w/ adult shade trees. This parcel will receive a permanent easement from Tract # 8 for the well, which supplies water to the dwelling, but is located on Tract # 8. Also the electric service for the residence is on Tract # 8. A temporary easement will be given to this parcel until 1-1-24 to continue to use this electric service, but a permanent pole & meter must be installed at the buyers expense prior to 1-1-24. The electric bill for the house & adjoining barn will be paid by the buyer of the residential parcel until a new service is installed. The buyers will agree and acknowledge: To accept the property "AS-IS" in the condition that it exists on the day of sale. As was customary several years ago, ravines were used as dumps for agricultural items used on the farms. This practice may have been used on this farm. The auction company wants all prospective buyers to know that if any such items are left on any of the tracts, (whatever and wherever they may be), the buyer will accept them without question or recourse. 2) Real Estate Taxes due in the spring and fall of 2023 are to be paid by the seller, the buyer will assume and agree to pay the taxes due in the spring of 2024 and all taxes thereafter. Taxes payable in the spring of 2023 for the entire 317-acre farm (including the residence and 9 acres being kept by Mr. Gwinnup) was $ 5,254.65. 3) To purchase the sale acreage as an estimated acreage and agree to pay the purchase price per acre multiplied by the final survey acreage to determine the final sales price. 4) This sale is not contingent upon any appraisals or subject to approval of any type of financing. The buyer will agree to purchase the real estate as is and if in any event chooses not to close this real estate transaction, they will forfeit the down payment to the sellers. 5) Seller will transfer title with a warranty deed. Any OWNERS TITLE INSURANCE POLICY necessary will be the financial responsibility of the buyer. 6) Payment on all tracts will be made as follows: 10% of the estimated final sales price down on the day of sale, and the balance within 45 days. 7) Possession of the non-tillable land at closing (upon final payment). Possession of the growing wheat crop will be given after the wheat crop has been combined. The buyer may harvest the straw and plant soybeans if they so desire. Possession on the growing row crops will be given at closing. The growing corn & soybeans will be included with the sale of the real estate, provided the buyers reimburse the sellers for the cost of seed, fertilizer, chemicals and customary labor involved in planting the current growing crop. An exact per acre amount will be available soon. 8) Real Estate closings will be handled by SE IN Title Inc., 1048 SR 46 E, Batesville, IN. 47006. Doug Amberger Attorney, 812-934-3208 9) Survey parcel division expense will be paid by the seller and completed by Andy Murray of Meyer & Murray Land Surveyors located at 420 Court Street, Brookville, IN 47012. Telephone 765-647-4725. 10) Seller intends for this transaction to qualify for a 1031 tax deferred exchange. and Buyers will agree to make any and all reasonable accommodations relating to this tax deferment process. PARCELS WILL NOT BE COMBINED AND OFFERED AS A WHOLE. If the buyer wishes to purchase the entire property, they must begin bidding when first parcel is offered. Order of Auction: A) Parcels: Tracts # 1 thru # 8 will be auctioned by the acre. The high bidder will have the option of taking his or her choice of any of these tracts (or any combination of these tracts). The bid price per acre will be multiplied by the estimated acreage of the total of all tracts taken to determine the estimated sales price. NOTE: If the high bidder selects only one or two of these tracts, the remaining tracts in this grouping will be offered in the same manner. This process will continue until all of these tracts have been taken. B) Tract # 9: The residential tract will be offered last and offered as one parcel (NOT BY THE ACRE), at which time the auction will be concluded. C) After all of the tracts have been offered, the owner will confirm (or reject) the sale of the property. Fred Stephen Gwinnup OWNER Cooperating Broker - United Real Estate Kenny Aulbach DAVE WHITE Brookville, In. 765-647-1922 - AUCTIONEER (In, AUO1015949, Oh, 57199772539, Ky. RP 07139) - & REAL ESTATE BROKER (In. IB51239082, & Oh, 20040001184)

Public Auction Prime Tillable Land 308-Acre Rush County Farm 267 Tillable Acres 1 Parcel w/ 1-Story 1219 Sq. Ft. Home 1 Parcel w/ Very Unique Round Barn & 55'x 90' Implement Building 16 Miles Northeast of Rushville, IN 81/2 Miles Northwest of Glenwood, IN 3 Miles Northwest of Falmouth, IN All Parcels have Frontage on CR 800N, 900N and/or 700E, Rush County, IN Located in Sections 20 & 21 (T15N, R11E), in Washington Township Rush Co., IN Offered in 9 Parcels from 2.2 to 79.9 Acres Each Auction will be held on location at 7041 E 900N, Falmouth, IN Saturday, June 17 - 2023 10:00 AM Farmland - 5 Larger Tracts are generally all to mostly tillable (one w/ grain bins & one w/ 54'x 82' implement building), 3 Smaller Tracts are generally mixed with tillable & wooded land, Dwelling is on 2.2 acres & 1 parcel has 25.4 acres w/ very unique round barn & 55'x90' Implement Building) Open House on Site: Sunday, June 4 - 1-3 PM THIS PROPERTY HAS SOMETHING FOR EVERYONE COUNTRY DWELLING - TILLABLE LAND - SECLUDED WOODED LAND COME OUT & TAKE A LOOK! Fred Stephen Gwinnup OWNER Call Dave White for more information - 765-265-3883 Cooperating Broker - United Real Estate Kenny Aulbach **NOTE: additional photos, Google Earth interactive maps, areal photos will be posted as soon as possible when available.