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681 Contiguous Acres Offered in 15 Tracts

Fairmount, IN

Owner: Lloyd Campbell Trust, Bret Campbell, Trustee, H. Joseph Certain of Kiley, Harker & Certain, Trust Attorney Mon, Apr 19, 2010

AUCTION IS OVER

• 15 Tracts • Cattle Facilities • Country Showplace • 6 Homesteads • Pasture Land • Income Producing Cell Phone Tower • 560 Highly Productive Cropland Acres • General Business Zoning at I-69 • Home Rental & Billboard Income


PROPERTY LOCATION

Northwest corner of I-69 & SR 26 intersection.

AUCTION LOCATION

Madison-Grant High School Cafeteria, 11700 S E00W, Fairmount, IN, 46928 (2 1/2 miles south of SR 26 on SR 9). Please enter Front Main Entrance #2.

PROPERTY DESCRIPTION

SCHOOL SYSTEMS: Madison Grant and Eastbrook

TRACT DESCRIPTIONS

Tract 1: 40± ac with 38.5 tillable acres of mainly Blount

Tract 2: 42± ac with 35.1 acres of Blount, Pewamo

Tract 3: 116± ac of highly productive Blount-Pewamo soil with 115.2 acres tillable and frontage on SR 26 and CR 562E.

Tract 4: 1.8± ac with 1.5 story, 1323 square foot home, 30'x50' barn, 6500 bushel grain bin and (2) small sheds on SR 26 just a mile from I-69.

Tract 5: 110.8± ac with 109 tillable acres of mainly Blount-Pewamo soils and road frontage on SR 26

Tract 6: 52.5± ac of Blount-Pewamo soils with 52 acres tillable and 750'+ of frontage on SR 26. (Combine Tracts 3,5 & 6 for a total of 279 acres nearly 99% tillable).

Tract 7: 18.5± ac of pasture and cattle facility with 2,080 square foot, 1.5 story home, 50'x50' barn, 48'x100' open front barn, 70' feed bunk, 24'x70' poured concrete silo

Tract 8: 55± ac with 53.7 tillable acres of Blount, Pewamo

Tract 9: 1± ac with an AT&T cell tower currently paying $8,869 per year. Call for more details.

Tract 10: 19.5± ac of pasture and cattle facility with 1350+ square foot home, 24'x100' poured concrete silo, 20'x80', 20'x60' and 20'x50' Harvestore silos, 120' and 50' feed bunks and barns. (Buy livestock facilities for pennies on the dollar).

Tract 11: 101± ac with 100 tillable acres of Blount-Pewamo

Tract 12: 34± ac of pastureland with a 2 story 3,000+ square foot home, attached 2 car garage, stately wrought iron fence, 40'x82' implement shed, 44'x64' bank barn and 30'x60' barn. Driveway access from Wheeling Pike and CR 650E. (Perfect place to raise a family in the country and run a few brood cows).

Tract 13: 19± ac of wooded, recreational/hunting land. The ditch running through this tract provides water for this wildlife playground and 300' of frontage on Wheeling Pike provides access to it.

Tract 14: 43± ac This was Lloyd's home - tranquil, scenic, picturesque, well-kept, bucolic - a hard working man's refuge. You will love: the 1740 square foot ranch style home overlooking the countryside; the white poly board fence winding from Wheeling Pike; the 32'x52' bank barn to house a couple of horses or a few cows with calves; the 40'x50' flat building to store your toys; the 27.5 acres of tillable land to provide some income; and some wooded acreage for recreation. DONT MISS THIS OPPORTUNITY! YOU MUST COME TO INSPECTION!

Tract 15: 27± ac with 26.8 tillable acres of Glynwood and Pewamo soils. 1150' of frontage on CR 700E


INTERACTIVE MAP

TRACT MAP(S)

SOIL INFORMATION

PLAT MAP(S)

AREA MAP(S)

PROCEDURE: This property will be offered in 15 individual tracts, any combination of tracts or as a whole 681+/- acre property. The property will be sold in the manner resulting in the highest total sale price.

ACCEPTANCE OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers' acceptance or rejection.

DOWN PAYMENT: 10% down payment on the day of auction with the balance in cash at closing. The down payment may be made in the form of cashier's check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.

CLOSING: The balance of the purchase price is due at closing, which will take place within 15 days from delivery of marketable title. Costs for an administered closing shall be shared 50:50 between Buyer(s) and Sellers.

EVIDENCE OF TITLE: Sellers shall provide an owner's title insurance policy in the amount of the purchase price.

POSSESSION: Possession of the homes, buildings, grain bin, pasture and woods will be given at closing. Possession on the tillable acreage will be given after the 2010 crops are harvested. Seller will credit the Buyers with 2010 cash rent payment at closing.

REAL ESTATE TAXES: Buyer shall assume the 2010 real estate taxes due in 2011. Buyer shall assume any Ditch Assessments due in 2010 and thereafter.

ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on aerial photos and the current legal description.

FSA INFORMATION: The property is enrolled at the Grant County FSA office in Marion, IN. Call Auction Co. for detailed FSA data.

EASEMENTS: Sale of the property is subject to any and all easements of record.

MINERAL RIGHTS: The sale shall include 100% of the mineral rights owned by the Sellers, if any.

SURVEY: AT THE SELLER'S OPTION, the Sellers shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in the auction. Any need for a new survey shall be determined solely by the Sellers, cost of the survey will be split 50:50 between Buyer(s) and Sellers. The type of survey performed shall be at the Seller's option sufficient for providing title insurance. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres, if a new survey is determined to be necessary by the Sellers. The adjustments will be made only on tracts or combination of tracts that do not contain improvements. Tracts bid in combinations shall receive a perimeter survey only.

DEED RECORDING: Deeds shall be recorded in the order designated by the Seller.

AGENCY: Schrader Real Estate & Auction Company, Inc. and its representatives are exclusive agents of 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 Purchase Agreement. The property is being sold on an "AS IS, WHERE IS" basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

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