Tuesday, June 10,2008 05:00 PM  thru  07:00 PM

From Louisville take I-64 west to US Hwy 150 (exit 119) take Hwy 150 West approx. 20 miles to Fredricksburg, IN. At Fredricksburg take Beckes Mill Rd. North .6 miles continue straight on to Bullington Rd. .8 miles to the property. Watch for Schrader signs. ADDRESS: 9774 S. Bullington Rd., Fredericksburg, IN

On site.

Tract 1: 30+/- acres of beautiful rolling pasture, white plank fencing, wooded areas, Improved with a classic two story farm house. The home is surrounded by mature shade trees and offers great views. There is a living room, kitchen with modern wood cabinetry, & hard wood flooring. There are two Bedrooms on the main floor and two bedrooms upstairs. The home is heated with propane gas and has central air. There is a concrete patio and in-ground swimming pool enclosed by a white picket fence. Adjacent to the house is a large stall barn with 15 horse stalls, wash room, tack room, 3 room apartment/office and modern indoor 80'x100' riding arena. The entire tract is fenced, has public water, and a pond for livestock.

Tract 2: 20+/- acres of rolling green pasture, completely fenced and improved with a modern pole frame building that is approximately 66'x108.' Tract contains machine storage, hay storage, shop with concrete floor, livestock area, small apartment with full bath, and public water.

Tract 3: 36+/- acres. A great potential building site only minutes from the Louisville metro area. Tract contains rolling grassland, pond, woods, hard surface road, public water and room to expand. Don't miss this beautiful property.

PROCEDURE: Tracts 1-3 will be offered in tracts, or as a total unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer.

BUYER'S PREMIUM: A 3% Buyer's Premium will be added to the final bid price and included in the contract purchase price.

DOWN PAYMENT: 10% of the accepted bid as down payment on the day of auction with 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.

DEED: Seller shall provide a Warranty Deed.

EVIDENCE OF TITLE: Seller shall provide title insurance in the amount of the purchase price.

CLOSING: Closing shall take place 15 days after proof of merchantable title.

POSSESSION: At closing.

REAL ESTATE TAXES: Real Estate taxes shall be prorated to date of closing. The annual real estate taxes for 2006 payable 2007 are $2,610.00.

ACREAGE: All acreage is approximate and has been estimated based on current legal descriptions and/or aerial photos.

SURVEY: AT THE SELLER'S OPTION, 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, cost of the survey will be split 50:50 between Buyer(s) and Seller. 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 on tract 3 only. Final sale price of Tracts 1 and/or 2 or any combination including tracts 1 and 2 shall not be adjusted. Tracts bid in combination shall receive a perimeter survey only.

EASEMENT: The sale of the property is subject to any and all easements of record.

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.