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REAL ESTATE AUCTION - 604+/- ACRES IN 14 TRACTS IN MERCER CO., OHIO

West of Celina, Ohio - Mercer County

Owner: Vaughn F. La Rue Trust, Florence E. La Rue Estate, Roger La Rue, Trustee Mon, Jan 29, 6:00 PM

• 604+/- Acres offered in 14 Tracts • Tracts ranging from 10-80 acres • 2 Story Country Home on 3+/- Acres • 2 Car Attached Garage • Barn & Grainery • Tillable Farmland • Wooded Acres • Online Bidding Available • PERSONAL PROPERTY AUCTION ON SATURDAY, JANUARY 13 @ 10AM • Furniture, Glassware, Antiques & Collectibles


Auction Info Book


OPEN HOUSE/INSPECTION DATES

Meet a Schrader Representative at the home on Schroeder Road
Sunday, January 7 from 1-3 PM
Monday, January 15 from 3-6PM


PROPERTY LOCATION

TRACTS 1-3 located at Pine and Erastus Durbin Rd
Tract 4 located on Pine Rd
Tract 5 located on Wabash Rd
Tracts 6-12 Located between Pine Rd, Schroeder Rd and S.R. 29
Tract 13 located on Pine Rd
Tract 14 located along S.R. 29 near 49

AUCTION LOCATION

St. Anthonys Catholic School, State Route 49 & St. Anthony Rd. 471 St Anthony Rd, Fort Recovery, OH 45846

TRACT DESCRIPTIONS

Tract 1: 80± ac all tillable. Level productive farmland. The soils are mostly Blount silt loam with a small amount of Haskins. There is nearly 1300 feet of road frontage along Erastus Durban Road and over 2600 feet along Pine Road.

Tract 2: 40± ac all tillable. Level farmland with mostly Blount silt loam soils. There is over 600 feet of road frontage along Erastus Durbin Road and over 2500 feet along Pine Road.

Tract 3: 55.3± ac mostly tillable except for approximately 5.5 acres of woods on the southeast corner. The soils are mostly Blount Silt Loam with some Pewamo silty clay loams. There is approximately 600 feet of road frontage along Pine Road. There is approximately 2.6 acres on the south side of the drainage ditch.

Tract 4: 40± ac all tillable, rolling high on the western half and slopes down across the eastern half. It does offer a very scenic potential building site. There is some flood plain on the northeastern part of this tract. The soils are partly Blount silt loam with some Sloan silty clay and Glynwood clay and Shoals silt loam. There is over 1300 feet of road frontage along Pine Road.

Tract 5: 31.5± ac all tillable, level farm land with some older drainage tiles showing on aerial. The soils are about half Pewamo silty clay and half Blount silt loam with a small amount of Glynwood. There is approximately 500 + feet of road frontage along Wabash road to the north of the home, and 300 + to the south.

Tract 6: 59± ac all tillable except for the drainage ditch which runs through it. The soils are mostly Blount silt loam with some Glynwood silt loam. There is approximately 600 feet of road frontage along Pine Road.

Tract 7: 13± ac mostly wooded with a small area of tillable on the northwest corner. This woods obviously took a tremendous amount of damage from the tornado. Tons of firewood to be made, but still remains a great future potential building site. There is nearly 700 feet of road frontage along Pine Road.

Tract 8: 45± ac mostly tillable with a lot of frontage along the ditch. The soils are Glynwood silt loam with some Pewamo silty clay. This tract wraps around the home farm place and has approximately 600 feet of road frontage along Schroeder Road to the west of the drive and over 600 to east. This tract will include the two fertilizer storage buildings. One building is 28 x 80 with bins inside, and the other is 48 x 75 with open storage inside. Sliding door is 15 ft. w x 10.5 ft. high.

Tract 9: 3± ac with The two story home, with two car attached garage, with barn and grainery. The home features a spacious kitchen with lots of clean cabinetry. The kitchen includes electric stove, dishwasher, double stainless sink, and breakfast bar. There is a formal dining room with pass through to kitchen, then the front living area has potential for approx. 35 ft. x15 ft. area. There is a small bedroom downstairs and 3 nice size bedrooms upstairs. The upstairs bedrooms feature built-ins and other extras. The home is heated by oil hot water heat and also has a Mitsubishi heat & air unit. The roof is approx. 10 years old and home is on well and septic. There is an updated electrical service panel. There is a propane whole house Generac generator. The large main barn is 68x60 with full length lean to. The barn has a new metal roof. The grainery building is 16x20. This Tract division is subject to the approval by the Mercer County Plan Commission.

Tract 10: 39.2± ac mostly tillable with approximately 3.25 acres off woods. The soils are mostly Blount silt loam with a small amount of Haskins loam. There is over 1100 feet of road frontage along 29.

Tract 11: 70± ac mostly all tillable farmland. The soils are mostly Blount silt loam. There is over 800 feet of road frontage along 29 and nearly 1300 feet along Schroeder road to the south.

Tract 12: 10± ac all wooded. This tract heavily wooded with approximately 400 feet of road frontage along 29.

Tract 13: 79.3± ac mostly tillable except for the drainage ditch going through it. This tract is mostly Blount silt loam with some Pewamo silty clay. There is approximately 250 feet of road frontage to the west of the house, and over 900 feet of frontage to the east of the house along Schroeder road.

Tract 14: 40± ac mostly tillable except for the ditch running across the tract. The soils are a mixture of Blount silt loam, Pewamo silty clay, and Glynwood silt loam on the north of ditch and also the same on the south of the ditch with some Sloan silty clay along the ditch on both sides. There is approximately 1300 feet of road frontage along 29.

TRACT MAP(S)

TRACTS 1-3

TRACT 4

TRACTS 5-12

TRACT 13

TRACT 14

SOIL INFORMATION


TRACTS 1-3


TRACT 4


TRACTS 5-12


TRACT 13


TRACT 14

AREA MAP(S)

PROCEDURE: The property will be offered in 14 individual tracts, and in any combination of these tracts, or as a 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 bid in the manner resulting in the highest total sale price.

DOWN PAYMENT: 10% Cash down payment at close of auction for individual tracts or combination of tracts. The down payment may be made in the form of Cash or cashiers check or a personal or corporate check immediately negotiable. 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: At the close of the auction, Buyer(s) will be required to execute an Agreement to Purchase Real Estate and Addendum. The terms of this agreement and addendum are non-negotiable. All final bid prices are subject to the Sellers acceptance or rejection.

DEED: Seller shall provide a Trustees deed. Real Estate sold subject to all rights of way, legal highways, leases, and easements of public road and utilities.

EVIDENCE OF TITLE: Seller agrees to provide marketable title to the property, subject to matters of record. It shall be the Buyer(s) option to purchase Title Insurance if desired. The cost of the Owners Title Insurance will be the responsibility of the Buyer(s).

CLOSING: Balance of purchase price is due in cash at closing, which will take place on or before March 2, 2018. The cost for an insured closing will be shared 50/50 between Buyer and Seller. All lenders costs shall be paid by the Buyer(s).

POSSESSION: Possession of farm land is at closing.

REAL ESTATE TAXES: The Real Estate Taxes shall be pro-rated to the date of closing. The Buyer(s) shall pay all thereafter.

DITCH ASSESSMENTS: Buyer(s) shall pay all ditch assessments due after closing.

ACREAGE: All tract acreage, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.

SURVEY: The Seller 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 will be determined solely by the Seller. The cost of the survey will be split 50/50 between Buyer and Seller. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres, except Tract 9 and any combination that contains Tract 9. In the event that the entire property sells to one buyer there shall be no survey.

PROPERTY INSPECTION: Each potential Bidder is responsible to conduct, at their own risk, their own independent inspections, investigations, inquiries, and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Please feel free to inspect the land at any other time at your own risk and being careful to respect the tenant farmers growing crops.

EASEMENTS: All real estate is being sold subject to any existing recorded easements. Existing recorded leases, if any will be assigned to the Buyer.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. Your bids are to be based solely upon your inspection. All real estate is sold as is without physical warranty. Seller and agent are not assuming any responsibility for warranty of any specific zoning classifications, location of utilities, assurance of building permits, driveway permits or water and septic permits. The property is being sold on an 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. 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. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company 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.