Tuesday, November 06,2007 04:00 PM  thru  06:00 PM
Saturday, November 17,2007 10:00 AM  thru  12:00 PM
Tuesday, November 27,2007 04:00 PM  thru  06:00 PM

DIRECTIONS: 2 1/2 miles north of US 30 on State Road 49 to VanWert/Paulding County Line Road, then east 1 3/4 miles to southwest corner of farm; continue east 1/2 mile to southeast corner of farm, then north on T-65 to the Brady farmstead buildings, OR 5 miles south of Payne, OH on State Road 49 to C-24, then east 2 1/4 miles to T-65, then south to the Brady farmstead buildings. Farm has roads on all 4 sides.

Parish Hall/Gym of St. John the Baptist Catholic Church in Payne, OH at 120 Arturus Street, just south of SR 613 and west of SR 49.

FOR THE FARMER: This property offers approximately 304 acres of prime level productive tillable farm land featuring Hoytville soils with a small amount of Nappanee soils making this one of the most productive farms in the area. The prime soils plus the drainage makes this one of the premier farms in the county. Excellent addition to present farming operation.
COUNTRY HOME BUYER: Enjoy country living at its best in this peaceful scenic country setting, featuring large mature trees in the front lawn. Combine Tracts 5 & 6 for almost 6 acres making this an ideal mini-farm.
FOR THE INVESTOR: Rarely does a farm of this size and quality come on market place featuring prime soils and excellent drainage. If you are selling real estate and would like to defer capital gains taxes through a 1031 like kind exchange, consider the quality offered by this productive land.

TRACT 1: 87 acres of prime productive land with excellent drain outlet for the laterals on south side via large open ditch.
TRACT 2: 67 acres of prime land with pattern tile drainage.
TRACT 3: 110 acres of prime land with pattern tile drainage.
TRACT 4: 52 acres of prime land with pattern tile drainage.
TRACT 5: Classic country homestead on 2.7 acres with well maintained 1850 sq. ft., stately, 2 story house with nice cabinetry in kitchen and in bathroom. Features 4 bedrooms; storeroom/fifth bedroom; gas forced air heat; open porches; beautiful lawn and shade trees; detached garage; nice versatile pole building; crib building, 3 bins (6000 bu.). The buildings are south of T-24 on west side of T-65.
TRACT 6: 3 acres between the south line of Tract 5 (buildings) and the open ditch. This will not be sold separately. This "swing tract" can be purchased in combination with the Tract 1 farmland or combined with the Tract 5 buildings.

PROCEDURE: The property will be offered in 6 individual tracts, any combination of tracts and as a total 322 acres. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Tract 6 must be purchased in combination with Tract 1 or Tract 5. Bids on tracts, tract combinations and the total property may compete.
DOWN PAYMENT: 10% down payment on the day of auction for individual tracts or combinations of tracts. Immediate possession on the farmland with an additional 10% down on auction day. The down payment may be made in the form of cash, 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.
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.
EVIDENCE OF TITLE: The Seller agrees to furnish Bidders a commitment for an owner's policy of title insurance to review. If the Buyer(s) elect to have the title commitment executed the cost will be the responsibility of the Buyer(s). Seller agrees to provide merchantable title to the property subject to matters of record, general conditions of title, and similar or related matters.
DEED: Seller shall provide Warranty Deed(s). Real estate sold subject to all rights of way, legal highways, leases and easements of public road.
CLOSING: The balance of the purchase price is due at closing, which will take place by January 15, 2008, or as soon thereafter as Sellers closing documents are available. Costs for an administered closing shall be shared 50:50 between Buyer(s) and Seller. All lender costs shall be paid by the Buyer(s).
POSSESSION: Possession of the home is at closing. Immediate possession for tillage of the farmland available with an additional 10% down payment on day of auction.
REAL ESTATE TAXES: Buyer shall assume 2008 taxes due in 2009. If usage is changed, the Buyer is responsible for CAUV Recoupment.
ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.
SURVEY: The Seller has 2007 boundary survey establishing 322 total acres. 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 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 any post auction survey. Combination purchases will receive a perimeter survey only. Seller has applied for approval of a Minor Subdivision on Tract 5 with buildings.
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.
EASEMENTS: Subject to any and all existing easements.
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.