Real Estate Terms:
"Addendum A"
Auctions Terms of Sale and Conditions
Auction Date August 27th, 2020 Time 6pm
1. There will be a 2% Buyer's premium added to the final selling price of each parcel.
2. Parcels sell with the confirmation of Seller(s)
3. A 5 % down payment per parcel is required at the close of the auction if Paying balance in cash. Personal, Cashier's, or Corporate/Farm checks are acceptable. This payment will be held in a non-interest-bearing account and applied toward the purchase price at closing. This is a nonrefundable deposit unless by default of the Seller(s). The sale of the real estate is not contingent on financing, so it is advised that the purchaser make financial arrangements prior to bidding. The balance of the purchase price is due at time of closing
4. Closing to take place within 60 days of auction or when insurable title is available.
5. A Title Insurance Policy will be issued by a company of the auctioneer's choice. Seller and purchaser will split closing costs of sale 50/50. Any cost associated with purchaser financing is at the expense of the purchaser only.
6. Any surveys requested or required are to be at the expense of the buyer(s). When the new survey is ordered, the survey will be ordered by the Auction Company or its designated agent and will be for the perimeter only. No information, data, or discussion is permitted by the surveyor and the buyer(s) or buyer(s) agent without authorization from the seller, auction company, or real estate broker.
7. The Seller(s) shall retain all rents and any other payments due the Seller(s) for the 2020 Season and possession of the land shall be at closing subject to the Tenant's Right to harvest (Where Applicable). Possession of the house and buildings ( if applicable) will be at closing.
8. Purchaser will assume Spring installment(A) of Real Estate taxes, assessments, including drainage assessments, if any, due and payable in Spring of 2021 and thereafter.
9. If Separate owners are represented at this auction, then the terms and conditions apply to all parcels. Bidding increments are at the discretion of the auctioneer and may vary.
10. All Real Estate and property is sold As-Is without any warranty. Agent and Seller(s) make no assurances to the ability to obtain any zoning or building permits of any kind. Your bids are to be based solely upon your inspection. The sellers, auction company, real estate broker, and their representatives make NO warranty with regard to zoning classifications, specific purpose or use restrictions, easements or deed restrictions, availability or location of utilities; availability of building, driveway, water or septic permits; or any information or materials provided by any third party regarding the auction property. If parcels sold separately Administrative Plat may be required for future Building.
11. Parcels will be sold by the dollar and not by the acre. Parcels were created by using the County Beacon GIS online mapping website and acreage amounts are approximate and as accurate as the system will allow. Parcel acreages are not guaranteed, and no price adjustments will be made for variations in amounts. Actual acreage amounts and new property lines can only be determined by an actual survey, if required.
12. Any announcements made day of sale take precedence over printed material or any other oral statement made. Auction company, Broker, or owner not responsible for accidents. Information has been provided via various printed and electronic media for the bidders'/potential buyers' review. Although, this information is deemed to be reliable, it is NOT guaranteed, and should NOT be substituted for the bidders'/potential buyers' independent verification, and investigation of the property. The auction company and its agents including real estate broker disclaim any warranty or liability for information provided.
13. At the close of the auction, the high bidder(s) will be required to execute a purchase contract in the form of the Agreement to Purchase Real Estate, Addendum A, and if applicable(Lead Based Paint Disclosure, and Sellers Residential Real Estate Disclosure). These terms and documents are non-negotiable. Time is of the essence. All terms and conditions of the Agreement to Purchase Real Estate and Addendum A shall survive the closing. If any provision of the Addendum A is inconsistent with a provision of the Agreement to Purchase Real Estate, the provision of the Addendum A shall prevail and control.
14. Jeff Boone Auction and Realty and its agents and representatives, including real estate brokers are the exclusive agents of the sellers.
15. Seller and Buyers agree to take actions as requested to facilitate the closing of the sale including, but not limited to accommodating access by various vendors as may be required (i.e. surveyors, appraisers, etc.….)


Thank You for reading our terms and conditions. If you have any questions please contact us.

Kent Adsit Multi-Parcel Real Estate Auction Thursday, August 27th 6:00 PM EST 9029 N. State Road 3 Springport, IN Auctioneer's note: Together for over 30 years Kent Adsit and Joann Herbert have lived on and maintained their cherished farm and orchard property. In addition Kent had a successful Mercedes auto parts business that operated out of the buildings, the Old Road location near Oakville, and the two newer 60x200' steel buildings on the property. Due to health issues they have decided to downsize and liquidate all of their personal property and Real Estate. The Real Estate will be sold on Thursday August 27th at 6pm in one of the large buildings on site. The personal property was sold on July 25. There will be no personal property sold on August 27th. The following Real Estate will be offered at Auction on August 27th: Parcel 1 9029 N. State Road 3 Springport, IN (Location of personal property auction and current orchard facility consisting of 19.435 Acres. Includes a large approximately 3,000 sq. ft. residennce, (2) 85'x 175' clear span steel buildings w/ concrete floors, Morton building approximately 56'x76', Outbuilding apx. 24'x32', Orchard office/sales building 38'x40' complete with walk in cooler. Also approximately 400 Honey Crisp Apple Trees on this parcel. Parcel 2 6451 E. County Road 950 N Springport, IN Includes Three Story Brick Victorian 4,576 Sq. Ft. Home w/ observation cupola, 6 Bed 4 Ba, plus Carriage House w/ upper guest room w/ kitchen and full bath, Approx. 50'x 100' Morton Building, 40' x 60' Bank Barn, 40' x 40' Detached Garage with Attic & 1/2 Bath, Children's Playhouse, Gazebo, and more! Parcel 3 6451 E. County Road 950 N Springport, IN 67+/- Acres mostly tillable with some wooded area and pond, a large number of apple trees (est. over 3000) and mostly Honeycrisp variety. This parcel also features a ball diamond Parcel 4 12101 S. Kern Wood Drive Muncie, IN (Rental / residence .75 Acres Front & Back Lots) 3 Bed 1 Ba Residence with Attached Garage. This is a nice home in a desirable location, Cowan Schools, and has large shade trees on the spacious lot. Parcel 5 12440 S. Old Road Muncie, IN (Approximately 5500 sq. ft. Business Building 1.42 Acres) near oakville Terms on Real Estate: 2% BP, Go to JeffBooneAuctions.com for details and photos. (765)779-4000, contact Terry Sheets with Jeff Boone Realty @ (765)810-5351 or Caleb Cleek with Jeff Boone Realty @ (765)635-9861 for questions.