Terms & Conditions AUCTIONEER: RUSSELL D. HARMEYER, IN Auct. Lic. #AU10000277 PLEASE READ AND REVIEW THE REAL ESTATE TERMS THOROUGHLY PRIOR TO BIDDING ON ANY PROPERTY. IF YOU HAVE NOT READ AND UNDERSTAND THESE TERMS, DO NOT BID. BY BIDDING ON THE PROPERTY, BUYER AGREES TO ALL TERMS AND CONDITIONS SET FORTH AND ENTERS INTO A CONTRACTUAL AGREEMENT TO PURCHASE THE PROPERTY UNDER THE FOLLOWING TERMS AND CONDITIONS: ONLINE BIDDING: AUCTION DATE / TIME: Bidding begins: October 23, 2018 @ 8:00 AM EST; Bidding closes: October 25, 2018 @ 5:00 PM EST (**See AUCTION END TIMES). UPON CONCLUSION OF THE AUCTION: The Winning Bidder will be emailed a Real Estate Contract to print and is required to fully and correctly complete and properly sign without any modifi cations. Bidder is to return the completed, signed contract to Halderman Real Estate Services, Inc. by email, fax, certi fied mail or delivered in person by 4:00 PM of the day followingth e auction. Along with the completed, signed contract, the Winning Bidder will be required to send the speci fied non-refundable earnest money deposit as stated in the propetry description. This non-refundable earnest money deposit willb e held in escrow until closing and that amount will then be credited to the Buyer as part of the purchase price of the property. Wire transfer instructions and escrow agreement forms will be provided to the Buyer along with the contract after the auction. Purchaser shall be responsible for all wire transfer fees. Successful bidders not executing and returning the completed contract and earnest money deposit by 4:00 PM the day after the auction will be considered in default. Such default by the Successful Bidder will result in that Bidder’s liability to both the Seller and Halderman Real Estate Services, Inc. Seller shall have the right to (a) declare this contractual agreement cancelled and recover full damage for its breach, (b) to elect to affi rm this contractual agreement and enforce its speci fic performance or (c) Seller can resell the property either pubicl ly or privately with Halderman Real Estate Services, Inc. and in such an event, the Buyer shall be liable for payment of any de cfiiency realized from the second sale plus all costs, including ,but not limited to the holding costs of the propert,y the expenses of both sales, legal and incidental damages of both the Seller and Halderman Real Estate Services, Inc. In addition, Halderman Real Estate Services, Inc. also reserves the right to recover any damages separately from the breach of the Buyer. Both the Successful Bidder and Seller shall indemnify Halderman Real Estate Services, Inc. for and hold harmless Halderman Real Estate Services, Inc. from any costs, losses, liabilities, or expenses, including attorney fees resulting from Halderman Real Estate Services, Inc. being named as a party to any legal action resulntig from either Bidders or Sellers failure to ful fill any obligations and undertakings as set forth in this contractual agreement. REAL ESTATE TERMS: • TERMS OF SALE: 10% earnest deposit down with the executed contract, balance due at closing. Your purchase is not subject fi nancing. • DATE OF CLOSING: The closing will take place on or before December 14, 2018. • POSSESSION: At closing. •REAL ESTATE TAXES: Real estate taxes will be prorated to closing date. •DITCH ASSESSMENT: Buyer will pay the 2019 ditch assessment. • NO CONTINGENCIES: This Real Estate contract is not contingen ton or subject to Buyer’s fi nancing, appraisal, survey or inspections of any kind or any ohter contingencies as agreed to by bidders a t registration prior to bidding. • SURVEY: There will be no survey unless required for clear title. If a survey is completed for title purposes, the cost will be split 50/50 between the seller and the buyer. The Sellers will choose the type of survey to be completed and warrant that it will be suf ficient to provide an owner’s title insurance policy for the tract. If a survey is completde, the purchase price for the surveyed tract will be adjusted, up o r 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. • TITLE: Buyer is entitled to and the Seller will provide clear, insurable title for property and a General Warranty Deed upon full payment. • ZONING AND EASEMENTS: Property is being sold subject to any and all easements of record. Property is subject to all state and local zoning ordinances. • AERIAL PHOTOS, Images and Drawings: are for illustration purposes only and not surveyed boundary lines unless specifi ed. • AGENCY: Halderman Real Estate Services, Inc. is the Agent and Representative of the Seller. • CONDITION OF PROPERTY: Property is sold ‘AS IS, WHERE IS ’condition. Halderman Real Estate Services, Inc, the Sellers nor their representatives, agents, or employees make express or mi plied warranties or representations of any kind. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property prior to bidding on the subject property. All information presented in the brochure, website, and all other mediums is subject to verifi cation by all parties relying on it.A ll sketches and dimensions are approximate. No liability for its accuracy, errors, or omissions is assumed by the Seller, Halderman Real Estate Services, Inc. or their Agents or Representatives. Buyer and or Bidder agrees to hold harmless and indemnify Halderman Real Estate Services, Inc. and their Agents and their Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc. • DISCLAIMER: All information included herein was derived from sources believed to be correct, but is not guaranteed. • NEW DATA, CORRECTIONS, and CHANGES: Please check for updated informatoin prior to scheduled auction time to inspect any changes, corerctions, or additions to the property information. BIDDING AND REGISTRATION INFORMATION BIDDER VERIFICATION: Bidding rights are provisional, and if identity veri fication is questionable, Halderman Real Estate Services, Inc. has the right to reject the registration, and bidding activity wlli be terminated. The Seller and Halderman Real Estate Services, Inc .reserve the right to preclude any person from bidding if ther eis any question as to the persons’ credentials, mental fi tness, etc. Bidders agree to keep their username and password con fidential as they are responsible forA NY and ALL activity involving their account. If the registered bidde’rs user name is offensive to Halderman Real Estate Services , Inc. or in their sole opinion detrimental to BiddingA ctivity, then Halderman Real Estate Services, Inc. reserves the rightt o delete the bidder from bidding or unilaterally change the username with notifi cation to the Bidder. When using the web site you must obey any and all local, state and federal laws. Violations will result in termination of web site use privileges. **AUCTION END TIMES: Halderman Real Estate Services, Inc. online only auctions are timed events and all bidding will close ast pecifi ed time. However, our auctions also have what is called an ‘Auto Extend ’ feature. Any bid placed within the fi nal 5 minutes of an auction results in the auction automaticayll extending 5 additional minutes. The bidding will extend in 5m inute increments from the time the last bid is placed until there are no more bids, and the lots sit idleo fr 5 minutes. Therefore, the auction will not close until all bidding parties are satisfi ed and no one can be outbid at the last second without having another opportunity to bid again. TECHNICAL ISSUES: In the event there are technical dif ficulties related to the server, software, internet or any other online auction-related technologies, Halderman Real Estate Services, Inc. reserves the righ t to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software, nor Halderman Real Estate Services, Inc. shall be held responsible for a missed bid or the failure of the software to function properly for any reason. CONDUCT OF THE AUCTION: The minimum bid increase will be $5,000. Halderman Real Estate Services, Inc. reserves the right to reject any and all bids for any reason and also reserves the right to cancel this auction, or remove any item or lot from this auction prio rto the close of bidding.A ll decisions of Halderman Real Estate Services, Inc. are final. YOUR BID ON THIS AUCTION INDICATES BOTH AN UNDERSTANDING AND AN ACCEPTANCE OF THE TERMS OF THIS CONTRACTUAL AGREEMENT BETWEEN YOURSELF AND BOTH THE SELLER AND HALDERMAN REAL ESTATE SERVICES, INC. AND THAT YOU, AS THE BIDDER, ARE PREPARED TO PURCHASE THE PROPERTY UNDER THE TERMS AND CONDITIONS OF THIS AUCTION.

Total Acres 224.17

Tillable Acres 155.838

Wooded Acres 68.330

Tracts 2

Location Center Township, Rush County, IN

Status New

Auction Date Online Only Auction - Start October 23, 2018 @ 8 AM EST To October 25, 2018 @ 5 PM EST
Online Only

Farm Name Dierckman, Kenny

Type of Operation Farm

Current Zoning Agricultural_a3

School System Rush County Schools

Annual Taxes $3,122.06

Building Description None

Ditch Assessment 20.00

Topography Level_to_Gently_Rolling

Soil Sloan Silt Loam, Ockley Silt Loam, Crosby Silt Loam, Cyclone Silty Clay Loam, Treaty Silty Loam, Miamian Silt Loam 

 

Property Address CR E 550 N, 46173

RegionIN

General LocationEast Central Rush County

Legal DescriptionPT NW 01-14-10 PT NE 02-14-10 PT NE 1 14 10 PT ENW 1-14-10