281+ Ac Gibson Co (Fort Branch) Farmland Online Only Auction

GIBSON COUNTY PRIME FARMLAND AUCTION

281+ ACRES OFFERED IN THREE TRACTS

INCOME PRODUCING TILLABLE ACREAGE

ALL CONTIGUOUS-LOTS OF ROAD FRONTAGE

ONLINE ONLY · BIDDING ENDS JULY 30

Address: SR 168, Fort Branch, IN 47648

Location: Just one mile west of Fort Branch IN!

  

BIDDING CENTER WILL BE AVAILABLE ON JULY 30 AT OUR OFFICE (CORYDON) AT 12 PM (CDT)!

COMBINATION BIDDING WILL OPEN JULY 23

REAL ESTATE INFO: INCOME-PRODUCING, QUALITY SOILS, EASY ACCESS, & LOCATED IN THE HEART OF GIBSON COUNTY! This highly productive 281+ acre farm is comprised of three contiguous tracts and features predominantly tillable acreage, extensive road frontage, known tile drainage, and sought-after Ragsdale, Uniontown, and Reesville silt loam soils, making it an exceptional opportunity for operators, investors, and those seeking quality farmland. Offered in three tracts with Ultimate Choice bidding, buyers may purchase individual tracts or any combination of their choice, presenting a rare opportunity to acquire large, contiguous acreage in one of Southern Indiana's premier agricultural areas.

TRACT #1: 160 +/- acres; mostly tillable; 2700’+/- of road frontage on SR 168; prime & income-producing; adjoins Tract #2 & #3; 2026 crop-corn & soybeans; soil-65% +/- Ragsdale silt loam & 30% +/- Uniontown silt loam.

TRACT #2: 78.792 +/- acres; mostly tillable; 1350’ +/- of road frontage on SR 168 & 2575’ +/- of road frontage on CR S125W; prime & income-producing; adjoins Tract #1 & Tract #3; West Fork Pigeon Creek runs through property; 2026 crop-corn & soybeans; soil-85% +/- Ragsdale silt loam & 10% +/- Reesville silt loam; subject to existing access road across north edge of said property.

TRACT #3: 41 +/- acres; 32 +/- tillable with remainder acreage on north edge of property across waterway; prime and income-producing; adjoins Tract #1 & Tract #2; 2026 crop-corn; soil-75% +/- Ragsdale silt loam, 10% +/- Reesville silt loam, & 10% +/- Uniontown silt loam; includes access via an existing road across the north edge of Tract #2.

OPEN HOUSE/INSPECTION: An auction company representative will be onsite Fri July 24 12-2 CDT.

SURVEY: A survey will not be performed, property will be sold and conveyed by its current deed/legal descriptions. See Documents section for copy of current deed.

FSA/SOIL DATA/TOPOGRAPHY: See Property Tour (includes Interactive Map) below and Documents Section for additional details. Features/maps available: soil, topography, flood, railroads, & surface water.

CLOSING INFO: Buyer to pay all title/closing fees except deed prep. Closing to be held within 45 days of auction.

ULTIMATE CHOICE BIDDING SYSTEM: The “Ultimate Choice” bidding system allows someone to bid on individual tracts or a combination of tracts throughout the auction. This auction system DOES NOT include a maximum bid feature; the price will increase to the bid amount that is entered for both individual tract bids and combination bids. Any posted bid is considered active and could be back in winning position any time during the auction due to different combinations being offered. Combination bidding will be allowed as of Noon on July 23. The final auction price will be determined by the combination which realizes the highest bid. If you have any questions about this system, please do not hesitate to contact our office to discuss.

FARM LEASE/POSSESSION: Farmland is leased for the 2026 calendar year and will sell subject to Fall harvest rights, all crop proceeds will be paid to Seller.

GAS/MINERAL RIGHTS: Any and all oil and gas and/or mineral rights owned by the Sellers will be conveyed to the Purchaser(s).

PRELIM TITLE SEARCH: See Documents Section for copy, reference only. Upon purchase of property, buyer is responsible to pay for title insurance if buyer elects to purchase it.

PROPERTY TOUR (includes INTERACTIVE MAP): Check out our new Property Tour below designed to guide you through key points of interest pertaining to the real estate. View a 3D spin of the property, topography, water features, soils, land use, utilities, & more!

SCHOOLS: South Gibson School Corp.

CURRENT PARCEL IDs: Tract #1 26-18-14-200-000.335-025; Tract #2 26-18-13-100-000.334-025; & Tract #3 26-18-11-400-000.336-025

TAXES: Union Township. Taxes for Tract #1 are $3047.57 per semi-annual installment; Taxes for Tract #2 are $1366.84 per semi-annual installment; & Taxes for Tract #3 are $654.82 per semi-annual installment. The current tax amounts are based on seller’s current assessments and tax deductions, if any.

DIRECTIONS: From I-64 Exit #25, head north on US-41 5.9 miles, left (west) on SR 168 one mile to site.

AUCTION MANAGER: CJ Fleenor (812) 797-2073

OWNER: Halliburton Farm, LLC

EXHIBIT A: TERMS & CONDITIONS

PLEASE READ AND REVIEW THE TERMS THOROUGHLY PRIOR TO BIDDING.
IF YOU HAVE NOT READ AND UNDERSTAND THESE TERMS, PLEASE DO NOT BID. BY BIDDING ON THIS AUCTION, BUYER AGREES TO ALL TERMS AND CONDITIONS SET FORTH AND ENTERS INTO A CONTRACTUAL AGREEMENT TO PURCHASE THE ITEMS(S) UNDER THE FOLLOWING TERMS AND CONDITIONS:

ULTIMATE CHOICE BIDDING SYSTEM: The “Ultimate Choice” bidding system allows someone to bid on individual tracts or a combination of tracts throughout the auction. This auction system DOES NOT include a maximum bid feature; the price will increase to the bid amount that is entered for both individual tract bids or combination bids. Any posted bid is considered active and could be back in winning position any time during the auction due to different combinations being offered. Combination bidding will be allowed as of Noon on June 17. The final auction price will be determined by the combination which realizes the highest bid. If you have any questions about this system, please do not hesitate to contact our office to discuss.

NOTE: This auction features EXTENDED BIDDING! Any bid placed within TEN minutes of the scheduled closing time will cause the auction timer to reset for another TEN minutes. The auction will remain open until all bidding has stopped. ***If auction is extended past one hour, extension time will decrease to FIVE minutes. If auction is extended past two hours, extension time will decrease to THREE minutes.

Bid Increments:
Min Max Increment
$0.00 - $49,999 $1000
$50,000 - $249,999 $2500
$250,000 - $499,999 $5000
$500,000 - $999,999 $10,000
$1,000,000+ $25,000

1. Conditions of Sale: This online only auction is selling subject to owner’s confirmation and is not contingent on or subject to financing, appraisal, survey, or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Agreement to Purchase Real Estate. Buyer acknowledges they are buying property “as-is”, “where-is”, without inspections or contingencies. Buyer(s) will rely on his/her own judgment and inspection. By signing an offer, Buyer(s) will be waiving the 10-day lead based paint test.

2. Closing Info: A Buyer’s Premium of 10% is added to the high bid. Please take this into consideration when bidding. At the close of the auction, the successful Bidder will be emailed an Agreement to Purchase Contract to be executed and returned to Beckort Auctions, LLC within twenty-four (24) hours of the completion of the auction along with 10% deposit of the total contract price. The entirety of the remaining balance is due at closing on or before 45 days from Auction Day. Purchaser will be responsible for all wire transfers. Per the Contract, time is of the essence; you should proceed to closing within 45 days. Buyer(s) shall pay all costs of closing with exception of deed preparation paid by Seller. Possession shall be given to the successful Buyer(s) at closing.

3. Lead Based Paint Disclosure: Buyers of any interest in residential real property with a residential dwelling built prior to 1978 are notified that such property may present exposure to lead from lead-based paint. The Seller(s) of such property is required to provide the Buyer(s) with any information on lead-based paint hazards from risk assessments or inspections while in the Seller(s) possession and notify the Buyer(s) of any unknown lead-based paint hazards. Any inspections and assessments for the presence of lead-based paint and/or hazards by a buyer(s) must be made prior to auction; otherwise, buyer(s) waives the 10-day opportunity to conduct such risk assessment/inspection and shall acknowledge receipt of lead-based paint disclosure form.

4. Liquidated Damages: Successful Bidders not executing and returning their Contract with Earnest Money deposit within Forty Eight (48) hours of the conclusion of the auction will be considered in default. If your closing is delayed for any reason, by you, as purchaser, or other parties working on your behalf, including any lender you involve, you may be declared in breach of this contract, forfeit all deposits made and could additionally be liable for any and all costs incurred by Seller and Beckort Auctions, LLC incurred in a subsequent resale of the property. If such action occurs, Beckort Auctions LLC hereby has the right to disperse the deposit as stated in the listing agreement and the buyer has no claims to such money or property being sold. Liquidated damages are to cover cost of auction, cost incurred by seller, labor cost and additional cost of auction as not defined in this agreement. These liquidated damages do not restrict the seller from suing the buyer for performance damages and/or any additional damages the seller suffers by the default of the buyer.

5. Other Conditions: Buyer(s) must be prepared to make a cash offer. There are no contingencies to this sale (i.e., financing, appraisal, repairs, or inspections). Therefore, you should be pre-qualified by a lender prior to bidding if you require financing. This property is being sold for cash “as-is, where-is” with a closing deadline.
Beckort Auctions, LLC reserves the right to remove or cancel the bids and or bidding rights and privileges of any party at any time deemed not to be in the best interest of the seller. The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Beckort Auctions LLC will reject the registration, and bidding activity will be terminated.
All Beckort Auctions, LLC Online Only Real Estate Auctions are timed events that have an auto-extend feature.

6. Real Estate Brokerage Services Disclosure: Beckort Auctions LLC and their representatives are Exclusive Agents of the Seller(s). We do not represent the buyer(s) in any manner and we must be completely loyal and faithful to our client. Beckort Auctions LLC has an exclusive right to sell listing for this transaction. All negotiations must be conducted through Beckort Auctions LLC.

7. Beckort Auctions LLC Involvement in this Contract: The seller and buyer hereby agree that Beckort Auctions LLC is a part of this contract and shall receive compensation as stated in the agreement hereto or as stated in the listing agreement hereby made a part of.

8. Restrictions: Real Estate is sold subject to any and all existing matter of record, and all easements, building use or zoning laws and regulations. Taxes and assessments will be pro-rated to the closing date.

9. Additional Auction Information: All information published, announced or contained herein was derived from sources believed to be correct; however, it is not guaranteed by the seller or the auctioneers. Personal on-site inspection of all property is recommended. The failure of any bidder to inspect, or to be fully informed as to the condition of the property, will not constitute grounds for any claim or demand for adjustment or withdrawal of bid, offer or deposit money after its opening tender. This includes but is not limited to public information such as easements, restrictions, zoning, right-of-ways, or any other information that can be obtained as public record in the appropriate county court house concerning subject properties.

10. Bidder Verification: Bidding rights are provisional, and if identity verification is questionable, Beckort Auctions has the right to reject the registration, and bidding activity will be terminated. The Seller and Beckort Auctions reserve the right to preclude any person from bidding if there is any question as to the person’s credential as they are responsible for ANY and ALL activity involving their account. When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges.

11. Technical Issues: In the event there are technical difficulties related to the server, software, internet or any other online auction-related technologies, Beckort Auctions, LLC reserves the right to extend bidding, continue the bidding or close the bidding. Neither the company providing the software, nor Beckort Auctions, LLC, shall be held responsible for the failure of the software to function properly for any reason.

YOUR BID ON THIS AUCTION INDICATES BOTH AN UNDERSTANDING AND AN ACCEPTANCE OF THE TERMS OF THIS CONTRACTUAL AGREEMENT BETWEEN YOURSELF AND BOTH THE SELLER AND BECKORT AUCTIONS AND THAT YOU, AS THE BIDDER, ARE PREPARED TO PURCHASE THE PROPERTY UNDER THE TERMS AND CONDITIONS OF THIS AUCTION.
REVISED 02/12/2019
BECKORT AUCTIONS, LLC - 1743 HIGHWAY 135 SW - CORYDON, IN 47112 - 812-738-9476 - WWW.BECKORTAUCTIONS.COM

281+ Ac Gibson Co (Fort Branch) Farmland Online Only Auction

TRACT #1: 160 +/- Acres; Mostly Tillable; Income-Producing

TRACT #2: 78.792 +/- Acres; Mostly Tillable; Income-Producing

TRACT #3: 41 +/- Acres; Mostly Tillable; Income-Producing

281+ Ac Gibson Co (Fort Branch) Farmland Online Only Auction

TRACT #1: 160 +/- Acres; Mostly Tillable; Income-Producing

TRACT #2: 78.792 +/- Acres; Mostly Tillable; Income-Producing

TRACT #3: 41 +/- Acres; Mostly Tillable; Income-Producing

Description

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