CLARK COUNTY, OH FARMLAND AUCTION

Description

CLARK COUNTY, OH, FARMLAND

101 acres ♦ Barn ♦ Grain Bin ♦ Pond

Thursday ♦ April 21, 2011 ♦ 4:00 PM

Farm Location:  6961 Old Clifton Rd, Springfield, OH, just south of Jackson Rd.  From SR 72 N (south of Springfield at I-70, Exit 54) travel northeast on Old Clifton Rd and watch for signs.

Auction Location:  The Champions Center Exposition and Banquet Center, 4122 Laybourne Rd, Springfield, OH (at the Clark County Fairgrounds).  From I-70 east of Springfield, take SR 41 (Exit 59) north & make the first left onto I-70 westbound exit & then onto Laybourne Rd. 

We are excited to offer this 101.22-acre southern Clark County farm.  Over 80 valuable tillable acres with excellent producing soils and proven above-average 10-year yields (corn – 182+ bu; soybeans – 53+ bu).  Includes frame bank barn, 5,000-bushel round metal grain bin, and 1/4-acre pond.  Join us in a climate-controlled facility and bid on a prime area farm.  Located in Green Township just minutes south of I-70 at Springfield (Exit 54).

Complete Bidder Package posted online.

REAL ESTATE SALE TERMS

Bidding Procedure:  The property will sell to the highest bidder subject to the confirmation of the Seller.

Acceptance of Bid Prices:  The successful bidder will sign a Confirmation of Sale Agreement at the auction site immediately following the close of bidding.

Down Payment:  $25,000 down payment will be deposited with the Auction Company on the date of auction upon signing of Confirmation of Sale Agreement; balance due at closing.  Bidding IS NOT CONDITIONAL UPON FINANCING.

Real Estate Taxes:  Taxes will be prorated to date of closing using long proration method.

Closing Date:  On or before May 27, 2011.  Purchaser will pay customary portion of closing costs at closing.

Possession:  Date of closing.  If purchaser wishes to commence spring tillage following auction date, but prior to closing, purchaser may deposit an additional $5,000 (non-refundable), which funds will be credited against purchase price at closing.  With this additional deposit, purchaser shall be allowed to till, plant, and apply fertilizer, but will lose all inputs and the value thereof if purchaser fails to close the transaction according to the terms of this agreement.

Agency:  Sheridan & Associates, Auctioneers, Real Estate Broker, Appraisers, LLC and its representatives are Exclusive Sales Agents for the Seller.

Disclaimer and Absence of Warranties:  All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Confirmation of Sale Agreement.  Announcements made by the Auctioneer at the time of the Auction will take precedence over any previously printed or oral information.  The property is sold on an "AS IS, WHERE IS" basis, and no warranties or representations, either expressed or implied, concerning the property are made by the Seller or the Auction Company.  Each bidder is responsible for conducting his/her own independent inspections, investigations, inquiries, and due diligence concerning the property.  The information contained in this brochure is believed to be accurate, but is subject to verification by all parties relying on it.  Neither the Seller nor the Auction Company assumes liability for its accuracy, errors, or omissions.  Conduct at the auction and increments of bidding are at the direction and discretion of the Auctioneer.  The Seller and the Auction Company reserve the right to preclude any person from bidding if there is any question as to the person's credentials, fitness, legal capacity, etc.  All decisions of the Auctioneer are final.

ROARK THOMPSON, Owner