Sunday, October 04,2009 01:00 PM  thru  03:00 PM
Sunday, October 11,2009 01:00 PM  thru  03:00 PM
Saturday, October 24,2009 09:00 AM  thru  11:00 AM

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. OR From the intersection of West Lincolnway and SR 5, 10 miles east of Warsaw, travel east on West Lincolnway 2 miles to CR 400N then continue east 1/2 mile to CR 450W, then travel north 1 mile to the property.

AUCTION HELD ON SITE
Address:4960 N 450 W, Columbia City, IN 46725

AUCTIONEERS NOTE: Mr. & Mrs. Terman have purchased a villa in Fort Wayne. Be prepared to purchase an outstanding country estate. It has had immaculate care. Personal Property items were all purchased new.

PROPERTY DESCRIPTION: 11.7 acre lot which has approximately 7 acres heavily wooded and also includes 1/3 acre pond with 4 well. The home was built new in 1996. Lexington Homes was the chosen builder. No corners were cut. Construction includes 2x6 walls, spray foam insulation and blankets and very efficient geothermal closed loop heating and cooling system. The home has approximately 3,396 sq. ft. of living space. It is one story with a walk-out basement. 21ft x 36ft three car attached garage and 36ft x 40ft utility shed with concrete. Home has 3 bedrooms, 2 full kitchens with top-of-the-line appliances, 2-1/2 baths, Florida room, den, living room, dining room, great room, breakfast nook, ceramic underlay in bathrooms and halls, 3ft doors through out, oak cabinetry custom built by Habbager and high corian counter tops. With its large windows to the north it offers a magnificent view of Troy Cedar Lake. Asphalt driveway leads to superlative landscaped setting.

Kubota Tractor - 2002 Kubota Zero-Turn Mower - Misc. Attachments - Shop Tools - Household

• 1999 Kubota L3010 MFWD tractor, diesel, 420/70-22 rear tires, 10-16.5 front tires, 3 pt, pto, cruise control, fold down Rops, w/ Kubota LA 481 loader, material bucket, joy stick, 325 hrs
• 2002 Kubota ZD21 0-turn mower, 21 hp, diesel, 60 deck, 800 hrs
• 6FT King Kutter roto-tiller, 3 pt (like new)
• 5FT King Kutter grader box w/scarifier teeth
• 8FT JD grader blade
• 12 Furest harrow, pull type
• boom lift, 3 pt
• 16FT trailer, 7000 lb tandem axle, 1FT sides, bumper hitch
• Honda FR 500 tiller, rear tines
• Troy Bilt lawn mower, 5 hp, self propelled
• Fast sprayer, pull type, 5FT boom, elec. pump
• Agri Fab fert. spreader
• Scotts 3000 fert. spreader
• DR walk behind string trimmer, 4 hp & blade
• Poulan Pro & Eagle Beaver string trimmers
• Stihl 028 chain saw
• Honda trash pump w/ hose
• Karcher 1750 pressure washer, 5 hp
• Earth Way garden planter w/discs
• lawn roller
• Craftsman radial arm saw
• Craftsman table saw
• Delta sidekick frame & trim saw
• Dura Craft bench band saw
• Crafts industrial router table
• Menards 6 belt, 9 disc sander, foot control
• Campbell Hausfield air compressor
• Lincoln 225 welder
• Dayton 230 welder
• Rockford drill press, multi-speed
• heavy duty pedestal grinder
• acetylene torch set w/ cart & tanks
• material roller
• 24FT Sears alum. ext. ladder
• Keller fiberglass step ladder
• Delta saw dust collector, 3/4 hp
• stackable tool box
• (2) 4 ton jack stands
• (2) heavy duty jack stands
• 55 gal drum for fuel (air pressure)
• Hi Lift jack
• Black & Decker trimmer
• steel stairway w/ rollers
• elec. impact wrench
• Dura Craft bench grinder 1/2 hp
• Bobco 150 bench vise
• LP tank w/ infrared heater
• Tiger 1 ton chain hoist
• Black & Decker cut off saw
• Olympia 5 vise
• small LP tanks
• metal top work bench
• vise grip clamps
• misc. wrenches
• 13 alum. fishing boat w/oars
• cast iron bell
• grease guns
• Planters poly cart
• assorted rakes, shovels, post digger, tile shovel
• hand sprayers
• hand rake
• heavy come-along
• chains
• assorted oil
• gas cans
• Sport 20-SU Sears luggage topper
• misc. plywood
• assorted lumber
• screws, bolts, nails
• Trimm Free lawn edging
• Kenmore 30 cu. ft. refrigerator, side by side, water & ice in door
• Kenmore 25 cu. ft. refrigerator, side by side, water & ice in door
• Kenmore 80 series, heavy duty washer
• Kenmore 90 series, heavy duty dryer
• Lazy Boy sectional, 5 seats
• entertainment center w/ 3 pieces, oak finish
• entertainment center
• (3) TVs, 1-36, 1-26, 1-15
• wicker set, 5 piece
• (3) silk trees
• small wood table & 2 chairs
• (5) wood kitchen chairs
• pictures
• (2) computer desks
• (2) computer chairs
• (2) Bose speakers
• Pioneer stereo system
• Magnavox stereo system
• wicker chest
• card table & 4 chairs
• outdoor furniture, black iron, 5 chairs, 1 glider, 4 tables
• kitchen table & 4 chairs
• wood TV trays
• bedroom set, dresser w/ mirror, chest, nightstand, queen headboard
• (2) ceiling hanging lights
• red tri-cycle
• sleds
• hammock
• childs swing set
• (2) rocking benches
• wood swing
• wood rocker
• bicycle rack
• ice fishing auger
• misc. fishing equipment
• egg baskets

PROCEDURE: The property will be offered as a total 11.7-acre unit.
DOWN PAYMENT: $10,000 down payment on the day of auction. 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 PRICE: The successful bidder will be required to enter into a Purchase Agreement at the auction site immediately following the close of the auction. The final bid price is subject to the Sellers acceptance or rejection.
EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.
BROKER PARTICIPATION: Any broker actively licensed in the State of Indiana who properly registers the successful high bidder can earn a Buyer Broker Fee at settlement by the Seller. Broker must follow Schrader Guidelines. Call auction company for details.
DEED: Seller shall provide 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 and Seller.
POSSESSION: Possession shall be at closing.
REAL ESTATE TAXES: Real estate taxes shall be pro-rated to the date of closing. Buyer shall pay any ditch assessments due in the year 2010.
PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. Inspection dates has been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Bidders safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.
ACREAGE: All acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal description and/or aerial photos.
SURVEY: The Seller shall provide a current survey.
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.