Saturday, March 08,2008 09:00 AM  thru  11:00 AM
Thursday, March 13,2008 03:00 PM  thru  05:00 PM
Wednesday, March 19,2008 03:00 PM  thru  04:00 PM

10 miles east of Marion or 4-1/2 mi. east of I-69 and Hwy. 18 interchange then north on Co. Rd. 1000E approx. 3/4 mi. to the farm on both sides. Also east on Co. Rd. 100N for 1 mi. on the south side of the road.

Hotel Marion, formerly Holiday Inn at 501 East 4th Street (Hwy. 18 East). Approximately 5 blocks east of the courthouse.

TRACT 1: 40 acres all cropland. Excellent Pewamo and Blount soils. Frontage on Co. Rd. 100N and Co. Rd. 1100E.

TRACT 2: 80 acres all cropland. Top Pewamo, Bount and Glynwood soils. Clean tract. Frontage on Co. Rd. 100N.

TRACT 3: 19 acres all cropland. Pewamo soils. Buy with Tracts 2 or 4. Access to drainage outlet.

TRACT 4: 37 acres all cropland of Pewamo and Blount soils. Frontage on Co. Rd. 100N and Co. Rd. 1000E.

TRACT 5: 43 acres all cropland of highly productive soils. Frontage on Co. Rd. 1000E.

PROCEDURES: The property will be offered in 5 individual tracts, any combination of tracts, or as a total 219 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.
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 Sellers acceptance or rejection.
EVIDENCE OF TITLE: Sellers shall provide an owners 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 est. on or before April 19th.
POSSESSION: At closing. Immediate possession with an additional 10% down payment.
REAL ESTATE TAXES: Estimated at $2,843.32. Seller to pay taxes payable 2008. Buyer shall assume taxes for 2008 payable May 2009 and thereafter. See agent per tract.
ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions.
SURVEY: A new survey will be made where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Buyer(s) and Seller will share survey expense 50:50. Combination purchases will receive a perimeter survey only. Closing prices will be adjusted to reflect any differences between advertised and surveyed acreages.
FSA INFORMATION: Total cropland 215.3 acres. Corn base of 76.1 acres, yield of 110 Bu. index. Soybean base of 93.7 acres, yield of 34 Bu. index.
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 persons 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.