FARM REAL ESTATE AUCTION
67+/- ACRES SOUTH OF FRANCISCO & WEST OF SOMERVILLE, IN
GIBSON COUNTY, IN
The farm is located on CR 675E ¼ mile north of CR 550S, 3 mile south of Franscisco & 3 ½ miles west of Somerville, IN
Tuesday May 29th from 4 - 6:00 PM
Showings at other times can be arranged by calling the auction company at (812) 431-4626
LIVE AUCTION DATE:
Wednesday June 6, 6:00 PM
The auction will be held at the Providence Church
6793 E CR 550S Francisco, IN
The real estate consists of 66.75+/- acres with 59+/- acres being tillable according to the FSA records. The soils consist primarily of Hosmer & Stendal silt loam soils. The topography is gently rolling. There is a public water line in the road fronting the property.This is a very good farm that will continue to respond to good farming practices and is in a good location.
The mineral rights owned by the seller will be conveyed to the purchaser. It is legal counsel’s opinion that the estate owns the oil & gas rights and all coal rights EXCEPT the Number 5 vein of coal which has been previously severed from title.
POSSESSION & TENANTS RIGHTS:
The purchaser will receive immediate possession of the land subject to the farm tenant’s rights. The current farm lease will be assigned to the purchaser with the 2018 crop cash rent going to the purchaser. The 2018 cash rent coming to the purchaser will be approximately $14,000.00.
POSSESION & TENANTS RIGHTS: The purchaser will receive immediate possession of the land subject to the farm tenant’s rights. The current farm lease will be assigned to the purchaser with the 2018 crop cash rent going to the purchaser. The 2018 cash rent coming to the purchaser will be approximately $14,000.00.
BUYER’S PREMIUM: A 6% Buyer’s Premium based on the high bid will be charged to determine the Contract Purchase Price.
TERMS: A deposit equal to 10% of the contract purchase price will be required on day of auction with the balance due within 45 days after delivery of insurable title to the purchaser. The purchaser will assume the real estate taxes due and payable in November 2018. The farm will sell subject to the approval of the Personal Representative.
ESTATE OF DWIGHT M. COUSERT, OWNER