Tuesday, September 15,2009 04:00 PM  thru  06:00 PM

Farm located on the south side of SR 111 bordering Roads 21 & 11 (just 2 miles from Indiana/Ohio line). From US 24 in Antwerp, turn south on SR 49. Continue south 3 miles and turn west on SR 111 and travel 2 miles to RD 21. Watch for signs -OR- from SR 613 in Payne, turn north on SR 49. Continue north 4 miles. Turn west on SR 111 and travel 2 miles to RD 21. Watch for signs.

at the Parish Hall/Gym of St. John the Baptist Catholic Church in Payne, OH. 120 Arturus Street, just south of SR 613 and west of SR 49.

Tract 1: 80+/- acres of prime, productive, tillable land with Hoytville Silty soils. Road frontage on southeast corner of SR 111 and Rd 11.
Tract 2: 40+/- acres of prime, productive, tillable land with Hoytville Silty soils. Road frontage on SR 111.
Tract 3: 37+/- acres of prime, productive, tillable land with Hoytville Silty soils. Road frontage on southwest corner of SR 111 and RD 21. Excellent drainage outlet with open ditch on east edge.
Tract 4: 80+/- acres of prime, productive, tillable land with Hoytville Silty soils. Road frontage on southeast corner of SR 111 and RD 21.
Annual taxes on all 237+/- acres for 2007 were $1,986.00

PROCEDURE: The property will be offered in 4 individual tracts, any combination of tracts and as a total 237+/- 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.
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 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: Successful bidder(s) 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: The Seller agrees to furnish Bidders a preliminary title insurance commitment to review prior to auction. If the Buyer(s) elect to have the title commitment executed the cost will be the responsibility of the Buyer(s). Seller agrees to provide a merchantable title to the property subject to matter of record, general conditions of titles and similar or related matters. All tracts sold "AS IS".
DEED: Appropriate deed will be delivered at closing.
CLOSING: Closing shall take place 30 days after auction date, or as soon thereafter as applicable closing documents are completed.
POSSESSION: Possession shall be subject to current tenant farmer's 2009 crop. The Sellers shall receive the owner payments for the 2009 crops.
REAL ESTATE TAXES: Seller will pay all 2009 real estate taxes due in 2010. Buyer will assume taxes thereafter. If land useage is changed, the buyer is responsible for CAUV Recoupment.
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 acreages.
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 & 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 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.