Wednesday, January 09,2008 03:00 PM  thru  05:00 PM

From Frankfort south of Frankfort on Hwy. 39 then at Antioch south on 0/North/South 1 1/2 miles to property on both sides of the road.

4-H Building Clinton County Fair Grounds, 11706 South Jackson Street on Hwy. 39 at the south end of Frankfort.

Tract 1:40 acres all cropland. Top Fincastle, Sable and Cyclone soils. 1,673 ft. of frontage on Co. Rd.

Tract 2:37.5 acres all cropland. On the west side of the road. Excellent Mahalasville and Drummer soils. Buy with Tract #1 or separately. These are nice clean tracts.

PROCEDURES: The property will be offered in 2 individual tracts, any combination of tracts, or as a total 77.5 acre unit. There will be open bidding on both tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete.

DOWNPAYMENT: Real Estate 10% down payment on the day of the 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.

ACCEPTANCE OF BID PRICES: Successful bidder(s) will be required to enter into a purchase agreement at the auction site immediately following the close of the auction. All final bid prices are subject to the Seller's acceptance or rejection.

EVIDENCE OF TITLE: Sellers shall provide an owner's title insurance policy in the amount of the purchase price.

DEED: Sellers shall provide Trustee Deed.

CLOSING: The balance of the real estate purchase price is due at closing, which will take place within 15 days of presentation of title policy estimated within 30 days.

POSSESSION: At closing. Buyer to receive 2008 crop rights.

REAL ESTATE TAXES: Tract #1 estimated at $626.92/yr. Tract #2 estimated at $602.38/yr. Buyer to pay taxes beginning November 2008 and thereafter.

ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions.

SURVEY: Sold with existing legal description.

FSA INFORMATION: Farm #208 Tract #2122, Corn base 38.1 acres with yield of 149 Bu., Soybean base 36.3 acres with yield of 47 Bu. 2007 direct payment $1,410.

EASEMENTS: Sale of the property is subject to any and all easements of record.

MINERAL RIGHTS: The sale shall include 100% of the mineral rights owned by the Seller.

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 "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. 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 Sellers or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Sellers and Selling Agents reserve the right to preclude any person from bidding if there is any question as the person's credentials, fitness, etc. All decision of the Auctioneer is final.

ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. AUCTION COMPANY OR OWNER NOT RESPONSIBLE FOR ACCIDENTS.