40 WOODED ACRES WITH 2 HOMES

The undersigned Auction Company has been authorized to sell the real estate belonging to the Estate of Maurice J. Murray, located at 7500 Barter Road in Section 32 of the Northwest part of Marrs Township, Posey County, Indiana.

REAL ESTATE: The Real Estate consists of approximately 40 +/- wooded acres containing a fantastic stand of hardwood timber including white, red, and black oak, yellow poplar, ash, and some American walnut. 

The property is improved with two (2) houses.  A 1900 constructed 1.5-story wood frame house contains 1,944 sq. ft. and includes (3) bedrooms & (1) bath, a finished attic (576 sq. ft.), and a detached garage measuring 18′ x 14′. 

A 1900 constructed 1-story brick house contains 1,596 sq. ft. and includes (3) bedrooms & (1) bath, a partial basement (532 sq. ft.), and a detached garage measuring 30′ x 28′.  This house is a converted schoolhouse.

TRACTS:

TRACT 1 – The brick house and 1 acre

TRACT 2 – The frame house and 2 acres

TRACT 3 – 18 acres

TRACT 4 – 20 acres

PROCEDURE: The Real Estate will be offered in four (4) individual tracts, combination of tracts, and the entirety.  There will be open bidding on all tracts and the entirety during the auction as determined by the Auctioneer.  Bids on separate tracts, combinations, and the total property may compete.  Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer.  All decisions of the Auctioneer are final.

DOWN PAYMENT: A 10% down payment is due on the day of the auction with the balance due at closing.  The down payment may be in the form of cash, cashier’s check, personal check or corporate check.  Bidding is not conditional upon financing, so be sure to have financing arranged, if needed, and be capable of paying cash at closing.

ACCEPTANCE OF BID PRICES: Successful bidder will be required to enter into a Purchase Agreement at the auction immediately following the close of the auction.  All final bid prices are subject to the Seller's acceptance or rejection.

BUYER’S PREMIUM: A 7% Buyer’s Premium will be added to the high bid to determine the contract sale price.

DEED: Seller shall provide a Personal Representative's Deed conveying title to the property.

CLOSING: The balance of the purchase price is due at closing, which will take place within 30 days of presentation of insurable title.

POSSESSION: Possession will be at closing.

REAL ESTATE TAXES: The real estate taxes will be the responsibility of the Buyer beginning with the taxes due and payable in May 2011 and thereafter.   

ACREAGE: All tract acreages, dimensions and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.  Buyer should make his own independent determination of acreage prior to bidding.

SURVEY: If a survey is deemed necessary, the cost of the survey will be shared 50/50 between the Buyer and the Seller.

MINERALS:             The Seller will convey all mineral interests they own with the real estate.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this ad and all related materials are subject to the terms and conditions outlined in the Purchase Agreement, which shall take precedence.  The property is being sold on an "AS IS, WHERE IS" basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or WILLIAM WILSON AUCTION & REALTY, INC., including, but without limitations to fitness for a particular use, physical condition, any specific zoning classification, title, location of utilities, assurance of building permits, driveway permits, or water and septic permits. All sketches and dimensions are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property.

DIRECTIONS: From Hwy 62 between Evansville and Mt. Vernon, turn north on Caborn Road.  Go approximately 1 mile to Barter Road.  Turn right and go approximately ½ mile.  Watch for signs. 

AUCTION LOCATION: The auction will take place at 5:00 pm on Thursday, June 17, at "The Auction Center" in New Harmony, Indiana.

SHOWING: Thursday, June 10, 4:00-6:00 pm CST on site.

AUCTIONEER’S NOTE: Two houses, fantastic standing timber – don't miss this one!

OWNER: The Estate of Maurice J. Murray

                  Ruth Threet, Personal Representative

All announcements the day of the auction take precedence over printed material or any other oral statements made.