Thursday, October 11,2007 05:00 PM  thru  07:00 PM
Saturday, October 20,2007 09:00 AM  thru  12:00 PM

From the intersection of SR 28/CR 1000W (West Elwood) Go North on CR 1000 W approx. 1-3/4 miles to the property. Or From the intersection of SR 13/CR 1400 N.(College Corner) Go West on 1400 N. 1 mile to CR 1000 W. Turn Left(South) and go 1/4 mile to the property.

Windfall Community Center, Windfall, IN
located just off SR 213 behind the Madison Twp. Fire Dept.

Tract 1: 8± Acres of productive, tillable land or potential building site with frontage on 1000 W. (Tipton/Madison Co. Line). Adjacent home is for sale, combine this tract with the home and have your own little mini-farm, perfect for 4-H projects or horses.
Tract 2: 13± Acres of productive, all tillable land with excellent Brookston and Crosby Soils or potential building site with 100 of deeded frontage on CR 1000 W. Build and enjoy your country dream home and storage barn back of the road near the city but in the country.
Note: Combine both tracts for 21 Acres of productive, all tillable farmland with excellent Mahalasville, Brookston and Crosby Soils.

PROCEDURE: This property will be offered in 2 individual tracts and as a total 21 acre 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.
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.
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.
CLOSING: The balance of the purchase price is due at closing, which shall take place within 15 days from delivery of marketable title. Costs for an administered closing shall be shared 50:50 between Buyer(s) and Seller.
EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.
POSSESSION: Possession of land is at closing.
REAL ESTATE TAXES: Buyer shall assume the 2008 real estate taxes due in 2009. Buyer shall assume any 2008 Ditch Assessments.
ACREAGE: All tract acreages, dimensions and proposed boundaries are approximate and have been estimated based on aerial photos and the current legal description.
SURVEY: AT THE SELLERS OPTION, 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, cost of the survey will be split 50:50 between Buyer(s) and Seller. The type of survey performed shall be at the Sellers option sufficient for providing title insurance. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres, if a new survey is determined to be necessary by the Seller. Tracts bid in combinations shall receive a perimeter survey only.
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 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 conduction 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 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.