Rice Farms Real Estate Auction

No internet bidding

United Edge Real Estate & Auction Co., LLC

Farmer American Legion 9936 St Rt 249

Farmer, OH 43520

Date(s) 3/1/2018 - 3/29/2018

Thursday, March 29, 2018, 6 pm

Past Auction

Catalog

View Catalog (7 Lots)

Bidding Notice:

Multi-Par Combination Auction Method will be used.

Auction Information

Name	Rice Farms Real Estate Auction
Auctioneer	United Edge Real Estate & Auction Co., LLC
Date(s)	3/1/2018 - 3/29/2018
Auction Date/Time Info	Thursday, March 29, 2018, 6 pm
Preview Date/Time	Open House: Sunday, March 11, 2018, 1-3 pm Thursday, March 22, 2018, 5-7 pm
Checkout Date/Time	Closing on or before 30 days.
Location	Farmer American Legion 9936 St Rt 249 Farmer, OH 43520
Buyer Premium	None
Description	Real Estate: 170 +/- Acres of highly productive farmland, soil types are vegetable production type soils, Excellent timber/hunting land and homestead, 7th generation farm a once in a lifetime opportunity Tract 1: Beautiful Rural Setting with 2.5+/- acres, hosting a 5-bedroom, 1.5 bath, kitchen, dining room, family room, full basement, newer one car garage, 80’x58’ pole barn, bank barn, centrally located between Hicksville, Edgerton, Bryan, and Defiance. Tract 2: 47.9+/- acres of High quality timber land and hunting. This tract will have an owned 60’ lane on the west side of the property. Woods has Walnut, Hard Maple, White Oak, Red Oak, a Great Mix of Hardwood timber. The majority of this woods is comprised of Bp (Bono Silty Loam) soil type. Tract 3: 28.1+/- Acres comprised of OsB(Oshtemo sandy loam), HnA (Haskins Loam), KfA (Kibbie Loam), Bp (Bono Silty Loam), Hv (Hoytville), NnA (Nappanee Loam), very fertile and productive soils. Tract 4: 11.68+/- Acres majority tillable land, comprised of OsB (Oshtemo sandy Loam), NnA (Nappanee Loam), Md (Mermill Loam), Hv (Hoytville), HnA (Haskins Loam), this tract is accessed from Enterprise Street in Farmer Center. Tract 5: 40+/- Acres all tillable land comprised of Cm (Colwood Loam), OsB (Oshtemo Sandy Loam), BrB (Bronson Sandy Loam), NnA (Nappanee Loam), GwC2 (Glynwood Loam), an excellent combination of highly productive soil types, a great addition to a land portfolio. Tract 6: 34.2 +/- Acres of mostly tillable land with soil types Cm (Colwood Loam), Bp (Bono Silty Loam), Pm (Pewamo Silty Loam), NnA (Nappanee Loam), OsB ( Oshtemo Sandy Loam), Md (Mermill Loam), TsB (Tuscola very fine sandy loam), creek running along the southwest corner good for tile outlets and drainage. Tract 7: 5.8 +/-Acres mostly tillable acres made up of Cm (Colwood Loam), Bp ( Bono Silty Loam), Pm (Pewamo Silty Loam), NnA (Nappanee Loam), OsB ( Oshtemo Sandy Loam), Md (Mermill Loam), TsB (Tuscola very fine sandy loam), this tract is also a potential building lot. Offering Tracts: Tracts 1-7 Individually, Combinations: Tracts 1&3, Tracts 1,2,& 3, Tracts 3 & 4, Tracts 6 & 7, Tracts 5,6, & 7 Tracts 1,3,4,5,6, & 7, Whole Farm

Terms and Conditions

Terms & Conditions: Tract 1 will require a $5,000(non-refundable) down, Tract 2 will require a $12,500(non-refundable) down, Tract 3 will require a $12,500(non-refundable) down, Tract 4 will require a $5,000(non-refundable) down, Tract 5 will require a $15,000(non-refundable) down, Tract 6 will require a $15,000(non-refundable) down, Tract 7 will require a $5,000(non-refundable) down, Balance due on or before May 1st. 2018. Farming Rights will be granted on all farmable tracts(3,4,5,6,7) before closing with proof of financing and down payment. All announcements made day of auction take precedence over all printed material. Multi-Par Combination Auction Method will be used. Taxes: Taxes prorated to day of closing based on current CAUV values.

Bid Increments

Your bid must adhere to the bid increment schedule.

Bid Amount	Bid Increment
0.00 - 50.00	1.00 USD
50.01 - 100.00	2.50 USD
100.01 - 9,999,999.99	5.00 USD

Payment Information

Currency	USD
Buyer Premium	None
Payment Terms	All down payments will be required at the completion of the auction. Check with photo ID, Outside local area Check will need to be accompanied with a bank letter. Terms & Conditions: Tract 1 will require a $5,000(non-refundable) down, Tract 2 will require a $12,500(non-refundable) down, Tract 3 will require a $12,500(non-refundable) down, Tract 4 will require a $5,000(non-refundable) down, Tract 5 will require a $15,000(non-refundable) down, Tract 6 will require a $15,000(non-refundable) down, Tract 7 will require a $5,000(non-refundable) down, Balance due on or before May 1st. 2018. Farming Rights will be granted on all farmable tracts(3,4,5,6,7) before closing with proof of financing and down payment. All announcements made day of auction take precedence over all printed material. Multi-Par Combination Auction Method will be used. Taxes: Taxes prorated to day of closing based on current CAUV values.

Shipping / Pick Up

Balance due on or before May 1st. 2018. Farming Rights will be granted on all farmable tracts(3,4,5,6,7) before closing with proof of financing and down payment. All announcements made day of auction take precedence over all printed material.

Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.