Thursday, January 24,2008 04:00 PM  thru  06:00 PM
Monday, February 04,2008 04:00 PM  thru  06:00 PM

TO TRACTS 1 - 3: From the intersection of SR 1 & SR 116 West in Bluffton, take SR 1 north 1/2 mile to CR 150N/Madison Ave., then west ﾽ mile to the property. TO TRACTS 4 & 5: From the intersection of SR 1 & SR 116 West in Bluffton, take SR 1 north 1 mile to CR 200 N/Monroe St. (south of Wal-Mart), then west 1/2 mile to the property.

Wells County 4-H Park & Community Center at the south edge of Bluffton on the west side of SR1/SR116

TRACT 1: 19+ acres with road frontage on CR 150 N.

TRACT 2: 1.5 acres with over 2200 sq. ft. club house, with (2) 1/2 baths, kitchen, lounge plus paved parking lot. Explore the possibilities!

TRACT 3: 13.5+ acres including 36'x48' pole building and a 30'x40' pole building both with concrete floors. Paved parking lot area is also included. Approximately 225' of frontage on CR 150 N.

TRACT 4: 20+ acres with over 255' of frontage on CR 200 N.

TRACT 5: 23+ acres with pond, well and frontage on CR 200 N.

PROCEDURE: The property will be offered in 5 individual tracts, any combination of tracts and as a total 77-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.

DOWN PAYMENT: 10% down payment on the day of auction for individual tracts or combinations of tracts. 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 Corporate 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 insured closing shall be shared 50:50 between Buyer(s) and Seller.

POSSESSION: Possession is at closing.

REAL ESTATE TAXES: Real estate taxes will be pro-rated to the day of closing.

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. The adjustments will be made only on tracts that do not include improvements. Combination purchases will receive a perimeter survey only.

ZONING: Current zoning is Conservation. Please check with Wells County Planning Commission for alternative zoning possibilities and procedures.

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.