Saturday, February 28,2009 09:00 AM  thru  11:00 AM
Saturday, March 07,2009 09:00 AM  thru  11:00 AM
Saturday, March 14,2009 09:00 AM  thru  11:00 AM
Thursday, March 19,2009 02:00 PM  thru  04:00 PM

From Richmond south on Hwy. 27 approx. 6 miles into Union Co., left on Mitchell Rd. then 2 miles beginning on the left side at Co. Rd. 200E. From Liberty north on US. Hwy 27 approx. 5 1/2 miles to Mitchell Rd. then right and continue 2 miles to property beginning at Co. Rd. 200E.

Elks Country Club, BPOE 649, 2100 U.S. Hwy. 27 South, Richmond, IN. 2 miles south of Richmond, IN on right side.

Tract 1: 156 acres. 154 acres high quality cropland. About 1/2 mile of frontage on Mitchell Rd. and 1/2 mile on Co. Rd. 200E (Straightline Pike). Good drainage outlet. Level and productive.
Tract 2: 38 acres with classic plantation style 2 story home. 3,645 sq. ft. with many unique features. Two car attached garage. Great bank barn in good condition. All fenced pasture with automatic waterer. This is a unique opportunity to own a beautiful country property in a pretty setting. Address: 2380 E. Mitchell Road.
Tract 3: 119 acres with est. 118 acres high quality cropland. Frontage on Co. Rd. 300E (Fouts Rd.) and Mitchell Road.
Tract 4: 9 acres with 1,664 sq. ft. 2-story home and barn. 7 acres pasture, est. 880 ft. of frontage on Co. Rd. 300E (Fouts Road.) Address: 5662 Co. Rd. 300E.
Tract 5: 121 acres with est. 63 acres cropland, 54 acres fenced pasture, 2 good cattle barns & 8,000 bu. bin. 19 acres good alfalfa. This is a good combination of cropland & cattle unit. 3/4 mile of frontage on Mitchell Rd. and over 1/4 mile on Co. Rd. 300E (Fouts Rd.). Buy in combination with other tracts or separately. This is a real dandy worth owning. This farm has been in the Dils family for many years and is a pretty contiguous unit in a top agricultural area on the Indiana/Ohio state line. Never been on the market in the last 50 years.

PROCEDURES: The property will be offered in 5 individual tracts, any combination of tracts, or as a total 443 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 Seller's 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 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 May 1st.
POSSESSION: At closing with cropland subject to 2009 crop lease. Cropland lease available for review. Tracts 1, 3 & 5 Buyer(s) to receive credit at closing for total crop lease proceeds and assume lease. Building/pasture possession at closing. Bin reserved until March 1, 2010. Cropland lease is $39,905/yr. to be prorated per advertised crop acres. Alfalfa field leased in 2009.
REAL ESTATE TAXES: Buyer to pay installment due and payable May 2010. Taxes were $11,456.60/yr. for 2008.
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 acreage's.
FSA INFORMATION: Farm #1435, Tract #1089 & 1088. Total 445 acres cropland. Corn base of 176.1 acres with yield of 121 Bu., Soybean base of 100.9 acres with yield of 37 Bu. and Wheat base of 50.8 with yield of 43 Bu. 2008 USDA Direct Payment $7,435.
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 person's 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.