VIRTUAL ONLINE
NEWTON & BENTON COUNTY, INDIANA LAND AUCTION THURSDAY, NOVEMBER 10, 2022 AT 9:00 A.M. CT
960 ACRES± (SUBJECT TO SURVEY) • SELLING AS 8 TRACTS
DOUGLAS MORGAN | DIANE ISENBURG GREGORY MORGAN | GWEN MITCHELL Representing Attorney: Jon Saunders | Anderson, Larson, Hanson, & Saunders 331 S.W. Third Street, Willmar, MN 56201 Phone (800) 335-4313
Auction Managers: Zach Hirner (260) 437-2771 IN Real Estate Broker Lic. #RC51500253
DETAILS, MAPS, PHOTOS & BIDDING: SullivanAuctioneers.com SULLIVAN AUCTIONEERS, LLC | (844) 847-2161 | LICENSE #444000107
LOCATION & GENERAL INFORMATION The Morgan Farms are located south and west of Goodland, IN. Goodland is on State Road 24 in western Indiana. Located in Sections 25 & 29, T27N•R8W, Grant Township, Newton County, IN and in Sections 2, 3, 10 & 11, T26N•R8W, Union Township, Benton County, IN. Do not miss this opportunity to purchase large tracts of highly productive, tillable, Indiana land with excellent soils.
PRODUCTIVE TILLABLE CROPLAND!
TRACT 1
TRACT 2
TRACT 3
TRACT 4
TRACT INFORMATION
TRACT 1 - 88.216 ACRES
TRACT 5 - 80 ACRES
• 88.216 taxable acres in Newton County • FSA maps indicate 87.41 cropland acres • Soil types include: Selma silty clay loam, Barce-Corwin complex, and Barce-Montmorenci complex • Road frontage on County Road 250 East. TRACT 2 - 160 ACRES • 160 taxable acres in Benton COUNTY • FSA maps indicate 159.23 cropland acres • Soil types include: Selma silty clay loam, Giboa-Odell complex, and Darroch loam • Road frontage on County Road 500 East and County Road 900 North. TRACT 3 - 158.52 ACRES (SUBJECT TO SURVEY) • Benton County • FSA maps indicate 307.4 cropland acres on tracts 3 & 4 combined. • Predominant soil types include: Selma silty clay loam, Gilboa silt loam and Corwin sily loam • 2.8 acres are currently under a CRP contract • Road frontage on 3 sides: County Road 900 North, County Road 150 East and County Road 200 East. TRACT 4 - 160 ACRES (SUBJECT TO SURVEY) • Benton County • FSA maps indicate 307.4 cropland acres on Auction tracts 3 & 4 combined. • Predominant soil types include: Chalmers silty clay loam, Odell silt loam and Selma silty clay loam • Road frontage on 3 sides: County Road 800 North, County Road 150 East and County Road 200 East.
• 80 taxable acres in Benton County • FSA indicates 80.61 cropland acres • Predominant soil types include: Chalmers silty clay loam, Gilboa silt loam and Odell silt loam • Road frontage on County Road 200 East. TRACT 6 - 156 ACRES • 156 taxable acres in Benton County • FSA indicates 157.52 cropland acres • Predominant soil types include: Chalmers silty clay loam, Gilboa silt loam, Corwin siltloam and Odell silt loam • Road frontage on County Road 800 North and County ROad 100 East. TRACT 7 - 80 ACRES • 80 taxable acres in Benton County • FSA indicates 157.52 cropland acres • 0.5 acre is currently under a CRP contract • Predominant soil types include: Odell silt loam, Chalmers silty clay loam, Gilboa silt loam and Corwin silt loam • Road frontage on County Road 800 North and County Road 100 East. TRACT 8 - 80.537 ACRES • 80.537 taxable acres in Benton County • FSA indicates 80.18 cropland acres • 3.2 acres are currently under a CRP contract • Predominant soil types include: Chalmers silty clay loam, Gilboa silt loam and Odell silt loam • Road frontage on County Road 800 North and County Road 100 East.
METHOD & TERMS The tracts will be sold on a price per acre basis, based on either the taxable or surveyed acres. All tracts will be offered through the marketing method of “Buyers Choice”, whereas the high bidder can elect any or all tracts (in any order) for their high bid. If the high bidder does not elect all of the tracts, then the remaining tract(s) will be offered. This will continue until all of the tracts have been elected. The tracts will NOT be offered in their entirety at the conclusion of the auction. Immediately following the auction, the successful buyer will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing which will take place on or before Monday, December 12, 2022. The seller will provide title insurance in the full amount of the purchase price and pay the 2022 real estate taxes, due and payable in 2023. The 2023 and all subsequent real estate taxes will be the responsibility of the buyer. Possession will be given at the time of closing, subject to any remaining crop tenancy for the 2022 crop year only. The property sells free and clear of tenancy for 2023. Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property. All announcements made sale day take precedence over prior advertising either written or oral. The informationin our brochure, in our advertisements and on our website is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers, LLC pertaining to this property. Real estate is being sold “AS IS”.
Auction to be conducted as a virtual, online auction. No Internet Buyer fees! If you need assistance with bidding, please contact our office at (844) 847-2161
TRACT 5
TRACT 6
TRACT 7
TRACT 8
NEWTON COUNTY, IN • TRACTS 1 & 2 AERIAL & SOIL MAPS
Located in Sections 29 & 35, Grant Township, Newton County, IN.
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TRACT 2
TRACT 1
BENTON COUNTY, IN • TRACTS 3 & 4 AERIAL & SOIL MAPS
Located in Section 2, Union Township, Benton County, IN.
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TRACT 3
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TRACT 4
TRACT 3
TRACT 4
VISIT OUR WEBSITE SULLIVANAUCTIONEERS.COM FOR ADDITIONAL DETAILS, MAPS, PHOTOS & BIDDING
BENTON COUNTY, IN • TRACTS 5 & 6 AERIAL & SOIL MAPS
Located in Section 7, Union Township, Benton County, IN
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TRACT 5
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TRACT 6
TRACT 6
TRACT 5
Auction to be conducted as a virtual, online auction. No Internet Buyer fees! If you need assistance with bidding, please contact our office at (844) 847-2161
BENTON COUNTY, IN • TRACTS 7 & 8 AERIAL & SOIL MAP
Located in Section 3, Union Township, Benton County, IN.
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TRACT 7
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TRACT 8
TRACT 7
TRACT 8
WHAT SETS APART A SULLIVAN AUCTIONEERS’ AUCTION? • Attention To Detail • Product Knowledge • No-Reserve Equipment • Buyer Convenience • Industry Contacts • Aggressive Marketing • No Buyer’s Premium
FIRST CLASS U.S. POSTAGE PAID QUINCY, IL PERMIT 23 62301
PO Box 111 • Hamilton, IL 62341-0111 www.SullivanAuctioneers.com
960 ACRES±
VIRTUAL ONLINE | NEWTON & BENTON COUNTY, IN LAND AUCTION THURSDAY, NOEVMBER 10, 2022 AT 9:00 A.M. CT
SELLING IN 8 TRACTS
DETAILS, MAPS, PHOTOS & BIDDING: SullivanAuctioneers.com SULLIVAN AUCTIONEERS, LLC | (844) 847-2161 | LICENSE IL #444000107 DOUGLAS MORGAN | DIANE ISENBURG GREGORY MORGAN | GWEN MITCHELL
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