AUCTION IS OVER

TOTAL SOLD: $730,000

Tract(s): 1

@ $730,000

($8,838/acre)

• This has been changed to an ONLINE ONLY / VIRTUAL PHONE BID AUCTION. The auction event will take place as scheduled on Tuesday April 14th @ 6pm. Please register in advance for real-time online bidding or to be represented through interactive phone bidding • 82.59+/- Acres offered in 1 Tract • 79+/- FSA Tillable Acres • 2020 Cropping Rights to the Buyer • Nice Field for ease of Farming Operation • Quality Soils in Top Agricultural Area • Great Location! Adjacent to London, OH (7.22 Acres in City Limits) • Abundant Frontage on Old Springfield Road • Great Opportunity for the Investor, Farmer or Developer! • Examine the possibilities this farm has to offer! • 50 miles east of DAYTON, OH • 30 miles west of COLUMBUS, OH • 20 miles east of SPRINGFIELD, OH

UPDATED AUCTION FORMAT
This has been changed to an ONLINE ONLY / VIRTUAL PHONE BID AUCTION. The auction event will take place as scheduled on Tuesday April 14th @ 6pm. Please register in advance for real-time online bidding or to be represented through interactive phone bidding.
ONLINE BIDDING- Download the Online Registration form from the download tab above. Complete required information and return to the auction company OR contact the AUCTION MANAGER to help in registration. Bids will be placed by you through the live interactive SCHRADER online bidding platform in real-time during the auction.
PHONE BIDDING- Call the AUCTION MANAGER today to get registered for this event. A SCHRADER representative will work with you throughout the live auction event to place your bid(s) competitively as the auction progresses.

OPEN HOUSE/INSPECTION DATES

Meet a Schrader Representative on the farm
Tuesday, March 17 & 31 from 9AM - 10AM

PROPERTY LOCATION

From the center of London, OH, take N Main St (OH-56) north 1/2 mile to Old Springfield Rd. Turn left (west) on Old Springfield Rd. Continue for 1 mile to the farm on the south side of the road.

AUCTION LOCATION

Madison County Fairgrounds, 205 Elm St. London, OH 43140

TRACT DESCRIPTIONS

Tract 1: 82.6± ac Acres of productive farmland. The property features 79+/- FSA tillable acres with predominantly Kokomo and Crosby soils. The farm boosts excellent frontage on Old Springfield Road with 7.22+/- acres in London Corporation Limits. Examine the development potential of this tract. Nice shaped field for overall ease of farming operation. Add it to your current farmland base or consider its excellent stand-alone investment potential.

TRACT MAP(S)

SOIL INFORMATION

AREA MAP(S)

PROCEDURES: The property will be offered as a single 82.59+/- acre unit. There will be open bidding during the auction as determined by the Auctioneer.

DOWN PAYMENT: 10% down payment on the day of the 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: Successful bidder(s) will be required to enter into a purchase agreement at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.

EVIDENCE OF TITLE: The Seller will provide a Preliminary Title Opinion for the review of the prospective buyer(s). If Buyer(s) elect to have title insurance, the entire cost of the owners title insurance will be the responsibility of the Buyer(s). Seller agrees to provide merchantable title to the property subject to matters of record. All tracts sold As-Is.

DEED: Seller(s) shall provide a Warranty Deed(s).

CLOSING: The balance of the real estate purchase price is due at closing, which will take place on or before May 15, 2020.

POSSESSION: Possession will be delivered at closing. Possession for standard farming practices will be given immediately after the auction with execution of a pre-closing possession agreement. (Contact Agent for details).

REAL ESTATE TAXES / ASSESSMENTS: Taxes will be pro-rated to the date of closing. The property is currently enrolled in the CAUV program.

ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions.

SURVEY: A new survey will be made 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 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 title transfer.

EASEMENTS & LEASES: 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 Seller.

AGENCY: Schrader Real Estate and 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 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. 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 Sellers or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Sellers and Selling Agents reserve the right to preclude any person from bidding if there is any question as 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 COMPANY OR OWNER NOT RESPONSIBLE FOR ACCIDENTS.