Thursday, October 30,2008 04:00 PM  thru  07:00 PM
Saturday, November 15,2008 09:00 AM  thru  12:00 PM
Tuesday, November 25,2008 02:00 PM  thru  04:00 PM

Clinton Co. - 2.9 miles south of SR 26 on SR 29, then3.2 miles east of SR29 on CR600N to Forest, then south .3 miles on CR930E
Howard Co. - North of Forest 1 mile to first crossroad, then east 1.5 miles. The property is at the junction of Howard Co. CR920W and CR600S
Note: Clinton Co. CR700N becomes Howard Co. 600S when you cross the County Line

Clinton County Fairgrounds at the South edge of Frankfort, IN at the 4-H Community Building, 1701 S. Jackson Street.

Clinton County: 892 Contiguous acres, with 800 tillable consisting of prime soils that include Cyclone, Mahalasville, Patton, Starks, Miami-Crosby and Fincastle soils. Well maintained Farrowing and Finishing swine facilities and two grain facilities are also featured.
Tract 1: 80+/- acres - 77.+/- tillable acres. Excellent Cyclone soils with extensive road frontage on CR500N and CR930E.
Tract 2: 40+/- acres - 38.8+/- tillable acres. Cyclone and Starks soils. This tract is adjacent to the Town of Forest, with road frontage on CR930E.
Tract 3: 40+/- acres - 39.3+/- tillable acres with Cyclone and Starks Soils and 1/4 mile frontage on CR930E.
Tract 4: 37.9+/- acres - 37.2+/- tillable acres with road frontage on CR930E and CR500N.
Tract 5: 8.1+/- acres - This farmstead package consists of 3 well-maintained finishing buildings with a combined capacity of 3584 finishing pigs, a farm shop and storage area, and outbuildings. The finishing buildings, shop and outbuildings are currently leased until September 17, 2009. Also included in this Tract 5 is a residence that is under a separate lease that extends until May 31, 2013. Buyer will assume lease as landlord. Contact Auction Co. for details.
Tract 6: 64.9+/- acres - 61.1+/- tillable acres. This tract has over 200 feet of road frontage on CR500N. Predominantly Cyclone and Fincastle soils.
Tract 7: 118.4+/- acres - 119+/- tillable acres per FSA records. Cyclone, Starks and Fincastle soils. Excellent road frontage on CR1000E.
Tract 8: 1.0+/- acres - .5+/- tillable acres. Attractive Bedford Stone home with a two-car attached garage and a full basement. Mature trees round out this attractive home.
Tract 9: 22.4+/- acres - 21.0+/- acres are tillable. Mahalasville & Miami-Crosby soils. Combine this tract with Tract 6 to have 87 acres with 84+/- tillable acres.
Tract 10: 18+/- acres-16.3+/- tillable acres. Cyclone and Fincastle soils.
Tract 11: 6.1+/- acres - this tract contains a 65,000 bushel grain storage system including a dryer, leg, and covered dumping pit. The grain system is leased until August 1, 2009. There is also an older livestock barn with a concrete feeding floor.
Tract 12: 86+/- acres - 82.6+/- tillable acres. Cyclone, Patton and Fincastle soils and excellent drainage outlet to the open ditch. Extensive road frontage on CR1000E and CR500N.
Tract 13: 1.2+/- acres - This tract has a residence and a barn. This tract is currently under a lease that extends until May 31, 2013.
Tract 14: 160+/- acres - 152.4+/- tillable acres. Miami-Crosby, Cyclone and Fincastle soils and excellent drainage drainage outlet to the open ditch. There is also an older residence on this tract.
Tract 15: 72+/- acres - 67.2+/- tillable acres. Miami-Crosby and Cyclone soils. There is a 4.7 acre CRP-1 grass area designated in the southwest corner of this tract. Call for contract details.
Tract 16: 11.1+/- acres - This tract features the Farrowing facilities. There are 141 farrowing crates and 4 lagoons. These swine facilities are leased until May 31, 2013. Buyer will assume lease as landlord. Contact Auction Co. for details. Additionally, there is a 25,000 bu. grain handling system including a dryer, and a leg. Also, there is a Quonset storage area, and a wooden storage building. The grain set up and storage facilities are currently leased until August 1, 2009.
Tract 17: 85.8+/- acres - 76.2+/- tillable acres. This tract has extensive road frontage on CR1000E and CR400N. There is a fenced and gated pasture south of the ditch on this tract. Excellent drainage outlet.
Tract 18: 39.7+/- acres - 10.8+/- tillable acres. The balance of this tract acreage is fenced and gated to pasture livestock. Kilmore Creek runs through this tract and provides water for the livestock.
Howard County: 200+/- acres with 185.9+/- tillable acres. A beautifully wooded and pasture area in the southeast corner of Tract 23 offers great possibilities.
Tract 19: 33.5+/- acres - 32.4+/- tillable acres. Crosby and Brookston soils.
Tract 20: 46.3+/- acres - 45.2+/- tillable acres. Crosby, Brookston and Miami soils. Extensive road frontage on CR 920W and CR600S.
Tract 21: 35+/- acres - 34.2+/- tillable acres. Crosby and Miami soils.
Tract 22: 70.6+/- acres - 66.4+/- tillable acres. Crosby and Miami soils. Lots of frontage on CR 920W and CR600S. There is a small shed on this tract. Excellent drainage outlet via the Cooper-Hughes open ditch.
Tract 23: 14.6+/- acres - 5.9+/- tillable acres. Crosby soils, and approximately 8.7 acres of woods and pasture with some large trees.

PROCEDURE: This property will be offered in 23 individual tracts, any combination of tracts or as a whole 1092+/- acre property. The property will be sold in the manner resulting in the highest total sale price.
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.
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 CONDIDIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.
CLOSING: The balance of the purchase price is due at closing, which shall take place within 7 days from delivery of marketable title. Costs for an administered closing shall be shared 50:50 between Buyer(s) and Sellers. The closing shall be no later than December 31, 2008.
EVIDENCE OF TITLE: Sellers shall provide an owner's title insurance policy in the amount of the purchase price.
POSSESSION: Possession of the land shall be at closing, subject to the tenant's rights to harvest the 2008 crop. Possession of the grain storage facilities shall be August 1, 2009, and the Swine Finishing facilities shall be September 17, 2009. Possession of the residence on Tract 8 shall be January 1, 2009. Possession of the Swine Farrowing facilities on Tract 16 and the residences on Tract 5 and Tract 13 and isolation barn on Tract 11 shall be May 31, 2013 when the current lease expires. Buyer shall purchase subject to the leases and buyer shall receive the income from the leases. Call Auction Co. for details.
REAL ESTATE TAXES: Buyer shall assume the 2009 real estate taxes due in 2010. Buyer shall assume any Ditch Assessments due in 2009 and thereafter.
ACREAGE: All tract acreages, dimensions and proposed boundaries are approximate and have been estimated based on aerial photos and the current legal description.
FSA INFORMATION: Both the Clinton and Howard County properties are enrolled at the Clinton County FSA office in Frankfort, IN. Call Auction Co. for detailed FSA data.
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 Sellers, if any.
SURVEY: AT THE SELLER'S OPTION, 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 the auction. Any need for a new survey will be determined solely by the Sellers, cost of the survey will be split 50:50 between Buyer(s) and Sellers. The type of survey performed shall be at the Seller's option sufficient for providing title insurance. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres, if a new survey is determined to be necessary by the Sellers. The adjustments will be made only on tracts or combination of tracts that do not contain improvements. Tracts bid in combinations shall receive a perimeter survey only.
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 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 conduction 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 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. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PROVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMNENTS MADE.