FROM AUBURN go South on 427 to CR 60, then turn left (East). Go east approximately 4 miles. Turn left (North) on CR 39 and go 1/2 mile to property. FROM FT. WAYNE take Tonkel Road (427 in DeKalb County) to CR 60, then East 4 miles. Turn left (North) on CR 39 and go 1/2 mile to property.

4-H Exhibit HALL, DeKALB COUNTY FAIRGROUNDS. From I-69 turn right (East) on SR 8 and follow SR 8 through Auburn. Turn right (South) onto Union St. (second street past the courthouse). Follow auction signs.

40+/- Acres of all tillable, productive farmland. This farm features mainly Blount Silt Loam and Pewamo Silty Clay Loam soils. This tract also features 1/4 mile of road frontage on both CR 39 and CR 58. Great potential for a mini-farm or add to your tillable acres.

IMMEDIATE POSSESSION FOR 2009 CROP YEAR!

PROCEDURE: This property will be offered as a total 40ﾱ acre unit.
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, or 20% down for immediate possession. The down payment may be made in the form of 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.
CLOSING: The balance of the purchase price is due at closing, which shall take place within 15 days from delivery of marketable title. Costs for an administered closing shall be shared 50:50 between Buyer(s) and Seller.
EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.
POSSESSION: Possession of land is at closing, or immediate possession with 20% down.
1031 EXCHANGE: Seller intends to qualify this property for a 1031 tax deferred exchange.
REAL ESTATE TAXES: Buyer shall assume the 2009 real estate taxes due in May of 2010 and thereafter. Buyer shall assume any 2009 Ditch Assessments.
ACREAGE: All tract acreages, dimensions and proposed boundaries are approximate and have been estimated based on aerial photos and the current legal description.
SURVEY: No new survey shall be provided as an existing legal description already exists.
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 Seller 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 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 persons 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.