Sunday, October 28,2007 02:00 PM  thru  04:00 PM
Thursday, November 01,2007 05:00 PM  thru  07:00 PM

15709 Feighner Rd.

15709 Feighner Rd. Located southwest of Fort Wayne - 1.5 miles south of I 469 and I 69 interchange From I 469 interchange, go east to Feighner Road exit (Exit 1) travel to the south and follow 1 mile to the property. Property is located between Hamilton and Yoder Roads.

TRACT 1: THE FEIGHNER HOMESTEAD! Located on 3.5 acres, this aged homestead offers a large Turn of the Century home and huge barns. It has nearly 400 feet of road frontage along Feighner Road. There is a round roof Quonset barn with concrete floors and electric. A great tool or workshop barn! This tract runs over 400 feet in depth.
TRACT 2: 11 ACRES, A picturesque piece of property with a 50 foot owned access back to the property. This tract offers a walk-out site with a high vantage point view of the land behind. Combine with Tract 1 for a 14 acre mini farm.
TRACT 3: 17 ACRES, This tract also offers a gorgeous elevated vantage point for a building site. There is over 100 feet of road frontage off of Feighner road. This tract borders on the Witzgall No. 1 ditch in the back. Lots of room for recreation on this site! Combine Tract 4 for recreational wooded property.
TRACT 4: 3 ACRES SWING TRACT, This tract can only be purchased by an adjacent land owner with access to the property or in combination with tract 3. This tract offers wooded recreational land.

PROCEDURE: The property will be offered in 4 tracts, combination of tracts, and 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.
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, 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. Seller reserves the right to reject any and all bids.
EVIDENCE OF TITLE: Seller shall provide an owner's title insurance policy in the amount of the purchase price.
DEED: Seller shall provide General Warranty Deed(s).
CLOSING: The balance of the purchase price is due at closing, which will take place within 30 days of presentation of insurable title. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.
POSSESSION: Possession shall be at closing, immediately following the closing.
REAL ESTATE TAXES: The Seller shall pay all 2007 Real Estate Taxes due in 2008. The Buyer shall pay all thereafter. Buyer shall pay any ditch assessments due and payable in 2007.
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 the tract divisions in this auction create new boundaries. Solely the Seller shall determine any need for a new survey. 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 Seller's option and sufficient for providing title insurance. Combination purchases will receive a perimeter survey only.
PERIMETER DRAIN TILE EASEMENT: Easement access will be provided over tracts in this property for perimeter drain tile outlets if perimeter drain tile outlets beyond each individual tract are required by the Allen County Board of Health.
AGENCY: Schrader Real Estate & Auction of Fort Wayne, LLC. 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 person's 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.