Property A on Troy Cedar Lake

Property Location:

Tracts 1 & 2: From the intersection of US 30 and West Lincolnway, on the west side of Columbia City, travel northwest on West Lincolnway 5 miles to 450W, then north 1 1/2 miles to the property.

Property B: at Magic Hills Golf Course

Property Location:

Tracts 3 & 4: From the intersection of US 30 and State Road 9 in Columbia City, travel north on State Road 9 approx. 5.5 miles to 500N, then west approx. 1/4 mile to Virginia Trail (Magic Hills Golf Course entrance), then north to property, located northeast corner of cul-de-sac, address: 5252 Virginia Trail, Columbia City.

At the Eagles Nest Event Center. From Highway 30 on the east side of Columbia City, go northeast on State Road 205 approximately 1/2 mile and turn southeast into Eagle Glen. Bear left on Eagle Glen Trail.

Property A: 425 feet of Lakefront

Tract 1: 2.2+/- acres. Water front lot on Troy Cedar Lake. Beautiful view of lake. Picture your dream home here.

Tract 2: 2.2+/- acres. Water front lot on Troy Cedar Lake. Combine with Tract 15 to have a 4.4 acre building site or look at possible camp site.

Property B: Magic Hills Estates

Tract 3: 1.3 acres. Lot 10 of Magic Hills Golf Course Subdivision. Beautiful spacious wooded lot on cul-de-sac. Located with great view of #4 green and #5 tee of Magic Hills Golf Course. Dont miss this opportunity.

Tract 4: 1+/- acre of open land at east edge of Magic Hills Golf Course. This land locked tract will need to be purchased by an adjoining land owner.

PROCEDURE: The property will be offered in 4 individual tracts, and any combination of tracts. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts and tract combinations may compete.

DOWN PAYMENT: 10% down payment on the day of auction for tracts or combination of tracts. 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. All final bid prices are subject to the Sellers' acceptance or rejection.

EVIDENCE OF TITLE: Seller shall provide an owner's title insurance policy in the amount of the purchase price.

DEED: Seller shall provide Warranty Deed(s).

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 administered closing shall be shared 50:50 between Buyer(s) and Seller.

POSSESSION: Possession is at closing.

REAL ESTATE TAXES: Real estate taxes shall be prorated to the date of closing.

RESTRICTIONS AND COVENANTS: Please contact Auction Company for details.

ACREAGE: All tract acreages, 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 there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Any need for a new survey shall be determined solely by the Seller. 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 purchases will receive a perimeter survey only.

AGENCY: Schrader Real Estate & 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 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 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 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.