AUCTION IS OVER

TOTAL SOLD: $856,000

Tract(s): 1

@ $856,000

($10,700/acre)

• 80+/- Acres offered in 1 Tract • All Tillable • Very Productive Soils • Recently Systematically Tiled • Offered as 1 Tract Only!

OPEN HOUSE/INSPECTION DATES

Meet a Schrader Rep at the Property on Wednesday, August 19 from 5 - 7PM

PROPERTY LOCATION

23805 MAUMEE CENTER ROAD, WOODBURN - Maumee Township, Section 16 - Located just east off of State Road 101 and south of U.S. 24

AUCTION LOCATION

Woodburn Community Center, 22651 Main Street, Woodburn, Indiana 46797

TRACT DESCRIPTIONS

Tract 1: 80± ac The property has over 1300 feet of road frontage along Maumee Center Road. It runs over 2500 feet deep. The soils are Hoytville silty clay. Systematically tiled in 2006 by MR Drainage. Call for tile maps.
Seller will pay entire 2015 Real Estate taxes due in 2016.
Seller to receive Owners share of 2015 soybean crop.

AREA MAP

TRACT MAP(S)

SOIL INFORMATION

PLAT MAP(S)

AREA MAP(S)

PROCEDURE: The property will be offered at public oral auction as one complete parcel.

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 cash, cashiers 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.

ACCEPTANCE OF BID PRICES: The successful bidder will be required to enter into a purchase agreement at the auction site immediately following the close of the auction. Seller reserves the right to reject any and all bids.

EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.

DEED: Seller shall provide a Warranty Deed.

CLOSING: The balance of the purchase price is due at closing, which will take place on or before October 16, 2015. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.

POSSESSION: Possession subject to tenant farmers 2015 soybean crop.

REAL ESTATE TAXES: The Seller shall pay all 2015 Real Estate Taxes due in 2016.

2015 Soybean Crop: The Seller shall receive the Owners share of the 2015 Soybean crop.

SURVEY: A new perimeter survey will be completed only if necessary for closing. The seller and successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance.

AGENCY: Schrader Real Estate & Auction Co. of Fort Wayne, LLC., 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 AS IS, WHERE IS basis, and no warranty or representation, either express, 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 conduct of his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure is subject to verifications by all parties relying on it. The Seller or the Auction Company assumes no liability for its accuracy, errors, or omissions. Conduct of the auction and increments of bidding are at the 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.

Auction Brochure

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