Saturday, September 12,2009 10:30 AM  thru  12:30 PM
Thursday, September 17,2009 06:00 PM  thru  08:00 PM
Monday, September 21,2009 06:00 PM  thru  08:00 PM

9500 HUSTED ROAD, Woodburn, Indiana (Take S.R. 101 north of U.S. 24 2 miles to Notestine Road, Turn east and go 1.5 mile to Husted Road, Turn south and go .5 mile to property. Or take S.R. 101 south off of S. R. 37 and go 3.5 miles to Notestine, then go east to Husted

Harlan Elementary School

TRACT 1: 20.5+/- Acres of currently pastured land. This tract has over 800 feet of road frontage along the River Road. The north border of the tract is an open drainage ditch.

TRACT 2: 21+/- Acres of currently pastured land. This tract has over 700 feet of road frontage along River Road. Part of its north boundary is open drainage ditch.

TRACT 3: 10+/- Acres potential Building site! Currently pastured, this corner mini-farm site has over 500 feet of road frontage on the River Road, and over 700 feet of road frontage along Husted Road. There is an outlet tile that crosses the southwest corner of this tract.

TRACT 4: 3.5+/- Acres potential building site! This Tract, currently in pasture, has over 300 feet of road frontage along Husted Road.

TRACT 5: A Strikingly beautiful 10 Year old Custom Built Home and Barns set upon 16 acres. There is nearly 800 foot of road frontage on this tract with the drainage ditch bisecting the tract. The home has over 3,000 square foot of living space on the first floor and nearly 1500 upstairs. The home is mostly brick exterior with covered side and back porches. There are 7 bedrooms, (5 upstairs and 2 down). The large kitchen has Amish custom built cabinets. There is a spacious finished family room and 2 finished bedrooms on the main level. There are additional rooms on the main level and upstairs that are not finished. Buyer's opportunity to finish to your taste! There are 2 stairways to the huge basement with 8 foot ceilings. The home was built with 2 x 12 floor joist and 2 x 6 exterior walls with urethane and R15 bat insulation. The large barn is 40 x 80 with high hayloft. It has a 20 x 80 Lean to with hayloft area. There are three cupolas atop the barn. There are wrap-around porches with concrete aprons off of the garage area and barn. The garage area is 34 x 34 with 8' H and 9" W overhead doors. The tool shed is 48 x 104 with 14'H walls and all concrete flooring. There are (3) 12'9" H sliding doors, plus 3.0 entry door. There is an 10' concrete apron off of the front of this building. The Milking Parlor is 24 x 86 with 18 units. There is a 30 x 30 waste water pit. There is a 32 x 72 holding area for cattle. Lots of concrete for ground cover. The culvert access over the ditch in the back will go with this tract. Note: For purposes of building permits, if Tracts 3, 4, and 5 each sell separately, then Tract 4 will not be eligible for application for a building permit until 12 months after the closing on Tract 3. If any one of the three tracts is purchased in combination with another tract, then this rule would not apply.

TRACT 6: 9+/- ACRE SWING TRACT: This tract lies directly behind Tract 5 and can be purchased only in combination with an adjacent tract or by an adjacent land owner.

TRACT 7: 23+/- ACRES OF TILLABLE LAND. This tract is currently pastured and has a 25' owned access off of Husted Road. The access does not include the culvert crossing at the ditch. The southern boundary of this tract is the drainage ditch.

LOT 1: 2006 1012' Valley, model 8000 center pivot system.

System Includes: (3) 205' x 6 5/8" spans, (2) 185' x 6 5/8" spans, with 14.9" x 24" tires on 12" galvanized rims

(1) End of field Stop with auto reverse and barricades

(1) Standard auto reverse pivot panel with SIS and EGSO

(5) Spans of 10 gauge cable

(1) 2hp Booster pump

(1) Pivot point ladder

(1) Pivot Flex

(1) Komet SR101 End Gun .55 nozzle

(1) PV7 Phase Converter with Regulator

(1) Barkley 25HP Pump and Motor with suction / discharge primer pump

Also includes - Nelson R3000 sprinklers on hose drops with 9' ground clearance

Low pressure switch and high voltage protection, High Speed System

Running lights

This lot can be bid on separately at any time during the auction or in combination with a tract of land. The total price of the Irrigation system shall be paid in full at the conclusion of the auction. If purchased in combination with a tract of land, the price shall be calculated and separated out, using the average price per acre for the land.

DAIRY PACKAGE: At the conclusion of the auction, the buyer of Tract 5 will have the opportunity to purchase a complete Dairy Milking Package for the sum of $ $48,800. Call office for complete listing of Dairy Package!

AUCTION MANAGER'S NOTE: The scarcity of these size land tracts for sale in this area makes this a great time to buy! Bid on and buy your favorite tract or combine tracts to fit your farm or estate needs. This is a rare opportunity in East Allen County to customize your land purchase. This farm has clay tile every 50' then was split every 25' with plastic tile. The pastures and center pivot has kept the soils in mellow & fertile condition. A great opportunity to buy productive tillable acreage!!

PROCEDURE: The property will be offered in 7 tracts, any combination of tracts, 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 - $15000 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 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. Seller reserves the right to reject any and all bids.

EVIDENCE OF TITLE: Seller shall provide an owner's 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 or before November 23, 2009. Seller reserves the right to continue pasturing cattle until that time.

REAL ESTATE TAXES: Seller shall pay all 2009 Real Estate Taxes due and payable in 2010. Buyer to pay all thereafter.

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. Prices shall be adjusted to reflect the actual surveyed acres, except on Tract 1 and any combination with Tract 1 and tracts less than 5 acres.

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 Allen 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 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 STATEMEMENTS MADE