To property from Woodburn, Indiana, travel north on SR 101, cross US Hwy. 24, continue north across the Maumee River Bridge, immdediately turn left on Ward Road after crossing the bridge, aprox. 1/2 mile to property. Or, from Harlan, Indiana, travel east on Antwerp Rd. approx. 1 mile to Bull Rapids Rd., turn right or south east on Bull Rapids approx. 2 miles, then east on Ward Road, approx. 1-1/2 miles to the property.

Woodburn Community Center, 22651 Main St., Woodburn. Located adjacent to the Fire Department east of downtown.

TRACT 1: 27+ ACRES level productive farmland with a good open drainage outlet on north side of property. Soil types are mostly Nappanee with a small percentage of Hoytville. Tract 1 has 823+ feet of frontage on Ward Road and is 1,450+ feet deep.

TRACT 2: 30+ ACRES level productive cropland, a drainage easement must be signed by buyer of tract #1 if sold separately allowing drainage access to the open drain. Soil types are approximately 85% Nappanee and 15% Hoytville. Tract 2 has 621+ feet of frontage on Ward Road and is 2,075+ feet deep.

NOTE: Either or both of these tracts would be suitable for a mini farm or horse farm or add the two tracts to your farmland inventory. Good investment potential. Additional Note: Both of these tracts have been systematically tile drained. Tract 1 was tiled approximately 8-10 years ago, and Tract 2 was tiled in the late '60's, and has been maintained and repaired as needed.

PROCEDURE: The property will be offered in 2 individual tracts, or combination of tracts, and as a total 57-acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer.

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

DEED: Sellers 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 Sellers.

POSSESSION: Possession at closing.

REAL ESTATE TAXES: Real estate taxes will be pro rated to the date 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 Sellers 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 Sellers. Sellers and successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Sellers' option and sufficient for providing title insurance. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres on all tracts. Combination purchases will receive a perimeter survey only.

AGENCY: Schrader Real Estate & Auction Company, Inc. and its representatives are exclusive agents of the Sellers.

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 Sellers 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 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 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.