Sunday, April 26,2009 02:00 PM  thru  04:00 PM

6688 County Road 44, Butler, Indiana; Located in Wilmington Township, Section 35, Dekalb County, the property is on County Road 44, just ﾽ mile west of St. Road 1 and 1 mile north of St. Road 8.

Auction held at the Fraternal Order of Eagles, 541 W. Main (US 6), Butler, Indiana

TRACT 1: COUNTRY HOBBY FARMER OR HUNTERS DREAM!! 12 acres, Pond, Outbuildings Plus1200 Square Foot ranch on a full basement! The home features country kitchen, spacious family room with Fisher woodburner and extra family room. There are 3 bedrooms and 2 full baths. The basement features finished rec. room and bonus room. The home is heated with electric heat. There is a newer 6 well. There is a ﾾ acre stocked pond in the back yard between the house and the woods. The Morton pole building is 96 x 45 and the metal quonset building is 100 x 50. Each building has electricity and water. There is approximately 6 acres of woods on the back of this tract. Great deer and turkey hunting! Approximately 400 of road frontage on this tract.
TRACT 2: 3 ACRE POTENTIAL BUILDING SITE! This tract has nearly 400 feet of road frontage and runs back over 300 feet in depth. This is a level site with a gorgeous backdrop of the airstrip and the fields and woods behind it. Combine this with either Tract 1 or 3 for additional frontage.
TRACT 3: 21.7 ACRE SITE! This tract has 120 feet of road frontage and runs back over 1300 feet in depth. It features a combination of tillable acreage, some wooded acreage and nearly half of the air strip. It is approximately 875 feet in width. There is a large depression towards the back that could offer a pond or lake site.
TRACT 4: 24.8 ACRES: This tract is a swing tract and can only be bid on in combination with another tract with road frontage or by an adjacent land owner. It is approximately 650 feet in width and nearly 1600 feet in depth. It consists of mostly Blount Silt loam soils with a depression of Glynwood loam in the back. There is also some wooded acreage on the back of this tract.
TRACT 5: 24.7 ACRES: This tract is also a swing tract and can only be bid on in combination with another tract with road frontage or by an adjacent land owner. It is also over 650 feet in width and nearly 1600 feet in depth. It is mostly tillable acreage with the south and west comprised of tree lines and the southwest corner being approximately 2.5 acres of woods. Tracts 3, 4, and 5 include over 1600 feet combined of the airstrip.

Immediate possession of all land tracts! Buyer to receive the 2009 wheat crop!

All Building sites are being offered as currently non approved building sites and are subject to the approval of the Dekalb County Plan Commission.

PROCEDURE: The property will be offered in 5 tracts, any combination of tracts, as swing tract rules permit, 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 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: 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 owners 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 15 days of presentation of insurable title. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.
POSSESSION: Possession on day of closing, immediately following the closing.
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 Sellers 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 Dekalb 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 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 MADE.