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.
AUCTION PROCESS:
• Live Simulcast auction, providing an option for offsite bidders to bid online. Bidding in person is highly encouraged.
EARNEST MONEY & CONTRACT:
• A 5% earnest money deposit on day of auction for onsite bidders, within 24 hours for online bidders, with balance due within 45 days of delivery of insurable title to purchaser.
• The purchase contract will be available to review at the live auction location. The purchase contract shall be signed by all parties upon auction completion for onsite bidders and within 24 hours for online bidders.
BUYERS PREMIUM:
• NO BUYERS PREMIUM!
REAL ESTATE TAXES:
• Purchaser shall assume the real estate taxes due & payable in Spring, 2026.
CLOSING & POSSESSION:
• Possession shall be at final closing, subject to the current crop share lease with the tenant farmer. The lease is currently on year 2 of 5 and provides the owner a 1/3 share of the crop annually. The owner is responsible for furnishing the lime for the farm, the farm was limed in 2024 and the tenant farmer has assured the farm is in good fertility status. The owner is responsible for any applicable crop insurance premium on their 1/3 of the crop, should they choose to enroll. The same 1/3 & 2/3 agreement applies for any and all applicable FSA or government farm program(s) payments.
• The buyer will receive the 2025 1/3 crop share income.
• Any fee charged by a title company or escrow agent to close the transaction (typically $250 to $300) shall be split evenly between buyer & seller.
• This live auction is not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by Bidder and or Buyers at registration prior to bidding.
• Real estate shall sell subject to owners’ approval of the high bid price.
MINERALS, EASEMENTS, & ZONING:
• Mineral Rights: The seller will be conveying any and all rights they own with the property.
• The sale of this property is subject to any and all easements of record.
• The sale of this property is subject to all state and local zoning ordinances.
SURVEY:
• The real estate will transfer with the existing legal description, there will not be a survey provided.
• Parcel dimensions and acreages are based on legal descriptions & public records
• Aerial photos are for illustration purposes only and not surveyed boundary lines.
INSPECTION, DUE DILIGENCE, ABSENCE OF WARRANTIES, & MISC. TERMS:
• Curran Miller Auction / Realty, Inc., Agents and Representatives are agents of the Seller. Buyer and or Bidder agrees to hold harmless and indemnify Curran Miller Auction / Realty, Inc. and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.
• Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information. All information contained in this information packet and all related materials are subject to the terms and conditions outlined in the Contract for Sale of Real Estate agreement. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation either expressed or implied, concerning the property is made by the Seller or Curran Miller Auction / Realty, Inc., Agents or Representatives. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure and on the website is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller, Curran Miller Auction / Realty, Inc., Agents or Representatives. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of Curran Miller Auction / Realty, Inc. are final. Any dispute between Curran Miller Auction / Realty, Inc., its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Vanderburgh County, Indiana. By bidding on the property, buyer agrees to all terms and conditions set forth.
• Buyer and or Bidder agrees to hold harmless and indemnify Curran Miller Auction / Realty, Inc. and its Agents, Owners, Directors, Employees and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.
• Any and all announcements made day of auction take precedence over previously stated terms.
Your bid on this auction indicates both an understanding and agreeance to the auction terms.
