Wednesday, October 21,2009 04:00 PM  thru  06:00 PM

At the corner of County Road 600W and 600S, Wayne Township, Tippecanoe County, IN. Address is: 5737 West 600 South, West Point, IN 47992.

Held at the West Point Fire Station located at 4949 State Road 25 South, West Point, IN 47992.

Attention Farmers: 130 acres of highly productive, quality, tillable Drummer soils. Hunters paradise with 25 acres of heavily wooded land surrounded by crop land. Building site and home buyers, check out the fantastic 5 acre building site with existing nice older farm house, 3 out buildings and a small barn on paved roads.
Tract 1: Large 5.5+/- acre home site on the corner of paved roads CR 600S & CR 600W with lots of road frontage, nice elevation and even more possibilities! Includes a nice, small, well maintained farm house with an older barn and 3 newer utility sheds. Home is move in ready or could be a great guest house for your new home. Beautiful country location.
Tract 2: Approximately 50+/- acres of high quality, productive, tillable farm land with Drummer and Toronto-Millbrook complex being the predominant soils.
Tract 3: Approximately 80+/- acres of high quality, productive, tillable farm land with Drummer and Toronto-Millbrook complex being the predominant soils.
Tracts 4 and 5: Each of these tracts are 12+/- acres of heavily wooded land with an abundant wildlife population. Both tracts have several acres of tillable area bordering paved CR 600W that make a great food plot for wildlife or small income from crop production cash rent. Easy access with frontage from paved CR 600W.

PROCEDURE: The property will be offered in 5 individual tracts, any combination of tracts and as a total 160+/- 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 for individual tracts or combinations 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 will convey with Warranty Deed(s).
CLOSING: Closing shall take place 30 days after the day of the auction, or as soon thereafter as applicable closing documents are completed by Seller.
POSSESSION: Possession is at closing.
REAL ESTATE TAXES: Seller shall pay all 2008 taxes due 2009. 2009 taxes shall be prorated to day of closing between seller and buyer(s).
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.
BUYER'S PREMIUM: A 2% Buyer's Premium will be added to the high bid price to arrive at the contract purchase price.
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.