Saturday, November 24,2007 10:00 AM  thru  12:00 PM
Tuesday, November 27,2007 04:00 PM  thru  06:00 PM
Thursday, December 13,2007 04:00 PM  thru  06:00 PM

From the intersection of SR 3 and Waits Rd. (500N) on the south side of Kendallville, travel east on Waits Rd. 3 miles to Allen Chapel Rd. (1000E). Turn north on Allen Chapel Rd. and travel 1/2 mile to Mapes Rd. (550N). Turn east on Mapes Rd. and travel 1/2 mile to the property on the north side of the road. From Ft. Wayne: Travel north on SR 3 (Lima Rd.) to 1000E (1 mile north of Avilla). Turn right (north) at 1000E and travel 3 miles to Mapes Rd. (550N). Turn east on Mapes Rd. and travel 1/2 mile to the property on the north side of the road. NOTE: Allen Chapel Rd. (1000 E) is temporarily closed between Mapes Rd. and St. Rd. 6.

At the Log Cabin Building at the Noble Co. Fairgrounds on the east side of Kendallville on St. Rd. 6.

Tract 1: 10 acres mostly wooded high rolling hills with prime potential building site. Area to the north would make a great pond site. Imagine sunsets to the west and great views to the south. Approximately 325' of frontage on Mapes Rd.

Tract 2: 15 acres beautifully wooded with an old barn and potential pond site. This tract contains an active food plot and consistently contains the biggest deer on the farm. Check out the trail cam pics on the website! Approximately 600' of frontage on Mapes Rd.

Tract 3: 7 acres rolling wooded tract with a ridgeline on the north end near the hardwoods. Consider combining this tract with Tract 6 to enhance the hunting potential with both deer and waterfowl. Approximately 325' of frontage on Mapes Rd. Primary bedding area for bucks.

Tract 4: 7 acres wooded potential building site. Beautiful ridge in the middle of the tract offers views to the south, the food plots to the east and the hardwoods to the north! Approximately 325' of frontage on Mapes Rd.

Tract 5: 7 acres mostly wooded with secluded food plot for hunters and a high potential building site for homebuilders. Imagine the possibilities! Trail along east side of tract provides access to hardwoods in Tract 8. Approximately 325' of frontage on Mapes Rd.

Tracts 6-8 are swing tracts. Only an adjoining land owner can bid on these tracts without combining with a tract providing road frontage. There are wide, well-maintained trails around the exterior of each tract providing unheard of access to the prime hunting and timber area of the property.

Tract 6: 8 acres "swing" tract. This tract is a must-buy for the hunters because of its position in the east-to-west corridor for game along the water's edge. There is a secluded wood duck blind on this tract, great mushroom, small game hunting and turkey roost. Combine with Tracts 2 or 3 to get access from Mapes Rd. and include Tracts 7 and 8 to control the entire waterfront.

Tract 7: 27 acres gorgeous "swing" tract with several high elevation building sites. Includes an established duck blind you have to see to believe. With great fishing, great access when combined with Tract 1 and several different native habitats this tract has it all. Offers excellent dove hunting.

Tract 8: 47 acre "swing" tract of hardwood sanctuary - this woods has not been hunted for 7 of the last 10 years. Deer naturally funnel in from the east along narrow north section of the tract. Great potential for a duck blind along the waterfront. Total seclusion and access to the water.

PROCEDURE: The property will be offered in 8 individual tracts and as a total 128-acre unit. There will be open bidding on tracts, tract combinations (subject to "swing" tract limitations) and the total property during the auction as determined by the Auctioneer. Bids on individual tracts, combinations and the total property may compete.

DOWN PAYMENT: 10% down payment on the day of auction. 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 Warranty 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 will be at closing.

STANDS/BLINDS: Seller reserves the right to remove any and all deer stands and/or tower blinds prior to closing. The (2) duck blinds will remain with the property.

REAL ESTATE TAXES: Seller to pay 2007 real estate taxes due in 2008. Buyer to pay all taxes thereafter.

PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquires and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Bidder's safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.

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 Sellers.

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 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.

STOCK PHOTOS: Photos depicting mature timber and fish are used for illustrative purposes.