Thursday, November 15,2007 04:00 PM  thru  06:00 PM
Monday, November 26,2007 04:00 PM  thru  06:00 PM

From the intersection of SR 26 & SR 1 west of Portland and east of Hartford City, travel west on SR 26 two miles to 1100 W, then south 1/4 mile to Auction Tracts 1 & 11 (fronting on Division Road). Auction Tracts 12 & 13 are one mile further west on SR 26 to SR 167, then south 1/4 mile.

The West Jay Community Center in Dunkirk. At the intersection of Main Street (SR 167) and Mt. Auburn Street on the north end of Dunkirk, travel east approximately three blocks on Mt. Auburn Street to the Community Center.

TRACT 1: 39 Acres of mostly tillable land including Blount, Pewamo & Glynwood soils. Fronting on Division Rd.

TRACT 2: 23 Acres of mostly tillable land including Pewamo, Blount & Glynwood soils. This tract also includes an excellent site to build for a mini farm setting. Frontage on Division Rd. and 1100 W.

TRACT 3: 10 Acres of mostly wooded land with frontage on 1100 W. Excellent hunting and a great wooded setting.

TRACT 4: 44 Acres of mostly tillable land including Whitaker, Pewamo, Blount & Glynwood soils. Frontage on 1100 W.

TRACT 5: 25 Acres of mostly tillable land including Pewamo & Glynwood soils. Frontage on 1100 W.

TRACT 6: 10 Acre "Swing Tract" of mostly wooded land and excellent hunting. This "swing tract" must be combined with an adjoining tract or tracts providing road frontage.

TRACT 7: 66 Acres of mostly tillable land including Glynwood, Pewamo & Blount soils. Frontage on 1100 W & Division Rd.

TRACT 8: 2.5 Acres including the 1 1/2 story, 1950 sq. ft., turn-of-the-century home and outbuildings. A nice setting with trees and fronting on 1100 W.

TRACT 9: 10.5 Acres of mostly tillable land fronting on Division Rd. & 1150 W. Predominately Pewamo soils. TRACT 10: 39 Acres of mostly tillable land including Blount & Glynwood soils. Frontage on 1150 W.

TRACT 11: 28 Acres of mostly tillable land and some wooded land with a mix of Pewamo, Blount & Glynwood soils. Frontage on 1150 W.

TRACT 12: 27 Acres of mostly tillable land including Blount & Pewamo soils, fronting on SR 167.

TRACT 13: 13 Acres of partly wooded and partly tillable land with frontage on SR 167. Excellent hunting and a great setting for a home. Contact Auction Company for FSA Information.

PROCEDURE: The property will be offered in 13 individual tracts, any combination of tracts (subject to swing tract limitation) 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. All bids 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, 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: Seller shall provide an owner's title insurance policy in the amount of the purchase price.

DEED: Seller shall provide Trustee's Deed(s).

CLOSING: The balance of the purchase price is due at closing, which will take place within 15 days of presentation of insurable title. Costs for an administered closing shall be shared 50:50 between Buyer(s) and Seller.

POSSESSION: Possession is at closing, subject to any remaining farm rights for the 2007 crop year.

REAL ESTATE TAXES: Real estate taxes will be the responsibility of the Buyer(s) beginning with taxes due in May 2009 and thereafter.

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 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 the survey. The type of survey performed shall be at the Seller's option and 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, on all tracts and tract combinations other than Tract 8 or any combination of tracts including Tract 8. Combination purchases will receive a perimeter survey only.

AGENCY: Schrader Real Estate & Auction Company, Inc. and its representatives are exclusive agents of the Seller. CRP Payment: Seller shall be credited for a prorated share of the 2008 CRP payment for the grassed ditchbanks at closing. Buyer(s) must make an application for transfer of ownership on all CRP acres with the USDA within 60 days of closing. Any penalty for failure to abide by CRP guidelines will be assumed by the Buyer(s).

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 person's credentials, fitness, etc. All decisions of the Auctioneer are final. Stock Photography: Some photos are used for illustrative purposes only.

ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.