Real Estate Terms:
"Addendum A"
Auctions Terms of Sale and Conditions
Auction Date December 22nd, 2021
1. Real Estate sells Absolute with No-Reserve, No buyers premium will be
charged.
2. Tracts will be sold by the dollar and not by the acre.
3. Tracts 1-5 will be offered individually, in combinations with each other or in their
entirety. Tract 6 because of different ownership will be sold as an individual
parcel. Tracts will be sold by the parcel and not by the acre.
4. 5% of the purchase price will be required by the highest bidder for each
tract/parcel at the conclusion of the auction and execution of the Purchase
Agreement. 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 in cash
at closing.
5. Closing to take place within 45 days of Auction or when an insurable title is
available.
6. A Title Insurance Policy will be issued by Fidelity National Title located at 1106
Meridian St, Anderson, IN. Purchaser will pay closing costs of sale. Any cost
associated with purchaser financing is at the expense of the purchaser only.
7. Any surveys required will be paid for by the Buyer(s). Tracts that are sold
within their current legal descriptions will not need survey. If a survey is
ordered, the survey will be ordered by the Auction Company or it's 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. If the new
Survey determines an acreage amount different than the estimated amount asdescribed in the Auction catalogue greater or less than one half acre, then the
purchase price will be adjusted by using the price per acre determined at the
Auction, multiplied by the acreage for that tract/parcel as determined in the new
survey.. The purchase price will be adjusted accordingly as an amendment to
the purchase price on the contract.
8. Taxes will be prorated to the date of closing and buyer(s) will assume 2022 ditch
assessments..
9. 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 are
sold separately Administrative Plat may be required for future Building.
11. Any announcements made on the 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 it's agents including realestate brokers disclaim any warranty or liability for information provided.
12. 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. 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.
13.Jeff Boone & Associates Auction and Realty and Jeff Boone Realty and it's
agents and representatives, are the exclusive agents of the sellers.
14.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 vendorsas may be required(i.e. surveyors, appraisers, etc.)

Approximately 513 +/- Acres of prime farm ground to be offered in a Multi-Parcel Auction on Wednesday December 22nd, 2021 at 5:30 p.m. The Auction will be held at Frankton High School (610 E Clyde ST, Frankton, IN 46044). The address associated with this farm ground is listed as 5291 N 300 W Anderson, IN 46011. 484+/- Acres of this Auction comes from The Rock Family Trust. 29.8 Acres of this Auction comes from James & Heather Morehead. This land has been farmed and maintained by Tom Delph for 40+ years. He has been an excellent caretaker of the farm, maintaining high fertility levels producing top yields each year. This nearly continuous ground is well drained, mostly flat, and is in the same section as Kokomo Grain.