Sunday, June 01,2008 02:00 PM  thru  04:00 PM

From U.S. 30 West of Fort Wayne, turn south on Flaugh Road and go 3/4 mile to Leesburg Road. Turn West on Leesburg and go 1/2 mile to property.

On site.

3 Bedroom, 2-story updated country home on 2 acres! Home Features: ·Geothermal Electric furnace and central air ·Gorgeous hardwood floors throughout ܩ bedrooms, 1.5 baths, plus den ·Beautiful Country Kitchen with all appliances ·Living Room plus Family Room with built-in bookshelves ·Large 3.5 car garage ·Many replacement windows ·Beautiful large front lawn and home settting ·Home is on a partial basement

Tract 2: 2 Acres, this is a swing tract and can only be purchased in combination with either Tracts 1 or 3, or by the adjacent land owner. This tract added to Tract 1 would provide additional acreage for pasture for animals. There is nearly 200 feet of road frontage for this tract.

Tract 3: 10 acres, this tract offers a potential large estate building site. Perfect for mini farm and horses! This tract also is all tillable with good productive soils. Soil types are Morley, and Blount. There is over 275 feet of road frontage along this tract. Combine with Tract 2 for 12 total tillable acres.
ANNUAL TAXES: $910.66

PROCEDURE: The property will be offered in 3 tracts, any combination of tracts, and as a total 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: TRACT 1 - $2500 down payment on the day of auction with the balance in cash at closing. OTHER TRACTS and Combination with Tract 1: 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. Seller reserves the right to reject any and all bids.
EVIDENCE OF TITLE: Seller shall provide an owner's title insurance policy in the amount of the purchase price.
DEED: Seller shall provide a Warranty Deed.
CLOSING: The balance of the purchase price is due at closing, which will take place within 30 days of presentation of insurable title. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.
POSSESSION: Tract 1: Day of closing immediately following the closing. Tracts 2 & 3: Subject to Tenant Farmer's 2008 crop.
REAL ESTATE TAXES: The Real Estate Taxes shall be pro-rated to the day of closing.
ACREAGE: All tract acreage, 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 the tract divisions in this auction create new boundaries. 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. Combination purchase will receive a perimeter survey only.
PERIMETER DRAIN TILE EASEMENT: Easement access will be provided over tracts in this property for perimeter drain tile outlets if perimeter drain tile outlets beyond each individual tract are required by the Allen County Board of Health.
AGENCY: Schrader Real Estate & Auction of Fort Wayne, LLC. 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. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conduct of his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure is subject to verifications by all parties relying on it. The Seller or the Auction Company assumes no liability for its accuracy, errors, or omissions. Conduct of the auction and increments of bidding are at the 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.