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771 Acres - 4 Farms Offered in 9 Tracts

Fennimore, Lancaster & Prairie Du Chien, WI

Owner: Oster Partners, LP Sat, Jul 31, 2010

AUCTION IS OVER

• 4 Farms • Highly Productive Tama Soils • 678 +/- Acres Tillable • Pasture & Recreational Land • Deer & Turkey Hunting • Come prepared to bid your price on any tract, or on the combination of tracts that fits your needs! • WISCONSIN AUCTIONEER LICENSE: REX D. SCHRADER, AUCTIONEER 834-052 • SCHRADER REAL ESTATE & AUCTION CO INC 116-053


OPEN HOUSE/INSPECTION DATES

At the Lancaster Extension Building
Tuesday, June 29 from 4:00 - 6:00 PM
Thursday, July 15 from 11:00 AM - 1:00 PM
Friday, July 30 from 3:00 - 5:00 PM

Additional information about the property will be available. Meet a Schrader Representative at the Lancaster Extension Building, 916 E. Elm Street, Fairgrounds (1/2 mile east of Hwy 61 on Co. Hwy A in Lancaster).

PROPERTY LOCATION

Tract 1: From the intersection of St. Rd. 35 & St. Rd. 133 (downtown Bloomington), travel southwest on St. Rd. 133 1.7 miles to CR A. Turn west (right) on CR A and travel 4 miles to CR VV. Turn south (left) on CR VV and travel 2.5 miles to the property on the east (left) side of the road. Tracts 2-4: From the intersection of Hwy 18/ St. Rd. 35 and St. Rd. 133, 5.5 miles north of Bloomington, travel west on Hwy 18/St. Rd. 35 0.2 miles to CR P (within site of the Hwy 18 & St. Rd. 133 intersection). Turn southwest (left) on CR P and travel 4.9 miles to CR X. Turn west (right) on CR X and travel 1.1 miles to the property on the west (left) side of the road. Tracts 5-7: From the intersection of Hwy 18 & CR F/ Switzer Rd., just 1.5 miles east of Fennimore, travel south on CR F 1.3 miles to the property on the east (left) side of the road. If CR F is closed for repairs use Brown School Road, one mile east of CR F on Hwy 18, traveling south 1 mile to Weinbrenner Road then west 0.5 mile to the property. Tracts 8+9: From the intersection of Hwy 61 & Rogers Road, 5 miles south of Fennimore, travel west on Rogers Road 0.7 miles to Link Road. Turn west (left) on Link Road and travel 0.6 mile to Mt. Ridge Road (at the top of the hill). Turn north (right) on Mt. Ridge Road and travel 1.5 miles to the property on the west (left) side of the road.

AUCTION LOCATION

At the Fennimore Memorial Building located at 860 Lincoln Avenue (Hwy 61) downtown Fennimore. Additional parking is located northwest of the building in the school parking lot.

PROPERTY DESCRIPTION

These properties provide an incredible opportunity for the farmer, investor, hunter or the individual just looking for a wonderful rural setting. In the heart of Wisconsin's dairy land and the Mississippi River basin, the location provides for great demand for crops and feed stuffs that these farms raise.

In the SCHRADER METHOD OF AUCTION, you may put the tracts together in the manner that fits your needs and desires. You can purchase the property that you want just outside of Bloomington and Lancaster.

For The Farmer: This property offers approximately 678+/- tillable acres of highly productive soils.

For The Hunting/Recreational Enthusiast: Incredible deer and turkey hunting.

TRACT DESCRIPTIONS

Tract 1: 78± ac mostly tillable, very productive Tama and Judson soils. Approximately 72 acres tillable. Road frontage on Rock School Road to the south and Co. Hwy VV on west. Prime tillable!

Tract 2: 85± ac mostly tillable with road frontage on Co. Hwy X. Approximately 80 acres tillable. Mostly Fayette soils.

Tract 3: 32± ac "swing" tract. Pasture and recreational land. Great deer and turkey hunting! This tract must be combined with another tract in this auction providing road frontage or bid on by an adjoining landowner.

Tract 4: 24± ac rolling mostly tillable tract or potential home site. Consider the great views and location! Close to Prairie Du Chien, Wyalusing State Park and the Mississippi River. Approximately 20 acres tillable.

Tract 5: 80± ac all tillable tract with frontage on Fennimore Liberty Road.

Tract 6: 80± ac mostly tillable tract with frontage on Fennimore and Liberty and Co. Hwy F (Switzer Road). 75+/- acres tillable.

Tract 7: 140± ac all tillable. Road frontage on Co. Hwy F and Weinbrener Road.

Tract 8: 30± ac mostly tillable land with frontage on Mt. Ridge Road. Approximately 28 acres tillable. Great potential building site! Very productive Tama soils.

Tract 9: 222± ac rolling land with approximately 40 acres pasture and woods with the balance in tillable. Consider the farming, hunting and recreation on this tract - it has it all. Road frontage on Mt. Ridge Road.


INTERACTIVE MAP

TRACT MAP(S)

PLAT MAP(S)

AREA MAP(S)

WISCONSIN AUCTIONEER LICENSE:

REX D. SCHRADER, AUCTIONEER 834-052

SCHRADER REAL ESTATE & AUCTION CO INC 116-053

PROCEDURE: The farms will be offered in individual tracts, in any combination of tracts (subject to "swing" tract limitations), or as total unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations, and the total property may compete. The property will be sold in the manner resulting in the highest total sale price, subject to the Seller's acceptance or rejection.

DOWN PAYMENT: 10% of the accepted bid price as down payment on the day of auction with the balance in cash at closing. If the bidder pre-registers with the Auction Company on or before Monday, July 26, then cash or a personal check will be accepted for the down payment (contact Auction Company for a pre-registration form or visit www.schraderauction.com). If the bidder does not pre-register, a bank letter of credit or guarantee will be required with a personal check, OR bidder must present a $5000 cashier's check with a personal check for the balance of the down payment on auction day. Online bidding is available with registration by calling 800-451-2709. A 10% deposit will be required to bid online. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.

APPROVAL 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. The auction bids are subject to the acceptance or rejection by the Sellers.

DEED: Seller will provide Warranty Deed(s).

EVIDENCE OF TITLE: The Seller agrees to furnish an Owner's Policy of Title Insurance in the amount of the purchase price by Midwest Title, Lancaster.

CLOSING: The closing shall take place 30 days after the auction day, or as soon thereafter as applicable closing documents are completed by Seller. Seller and Buyer shall share 50:50 the cost of closing.

POSSESSION: Possession at closing subject to farm tenant's rights to the property through December 31, 2010.

REAL ESTATE TAXES: The Seller shall be responsible for the taxes due for the calendar year 2010 and the Buyer shall be responsible for the taxes due for 2011 calendar year and thereafter.

SURVEY: Seller shall provide a survey for any tract where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Any need for a new survey shall be determined solely by the Seller. Seller & Buyer shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Seller's option and sufficient for providing title insurance. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres.

MINERALS: 100% of the mineral rights owned by Sellers shall be included with the sale of the real estate.

ACREAGE AND TRACTS: All acreages are approximate and have been estimated based on current legal description and/or aerial photos. Any corrections, additions, or deletions will be made known prior to the auction.

AGENCY: Schrader Real Estate & Auction Company, Inc., and their 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 person's 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.

NEW DATA, CORRECTIONS AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections or additions to the property information.

STOCK PHOTOGRAPHY: Some wildlife photos are for illustrative purposes only and are not of the auction property.