AUCTION IS OVER

• Country Home with 2 Acres • Productive Tillable Land • Potential Building Sites • Southwest of Bluffton

OPEN HOUSE/INSPECTION DATES

Tues., August 9, 5-7pm & Sat., August 20, 12-2pm

PROPERTY LOCATION

From Liberty Center, travel 1 mile south to County Road 400S, turn west and travel 2.5 miles to the property.

AUCTION LOCATION

Wells County 4-H Park Community Center. 1240 S. 4-H Road, Bluffton, IN. Located on the south edge of Bluffton, west of SR1.

TRACT DESCRIPTIONS

Tract 1: 12± ac woods with 25 ft. of frontage on Co. Rd. 400S. Great hunting or home site.

Tract 2: 68± ac with 1,300+/- ft. of frontage on Co. Rd. 400S.

Tract 3: 22± ac with 680+/- ft. frontage on Co. Rd. 400S.

Tract 4: 14± ac with approximately 8.5+/- acres of tillable land and a 5.5+/- acre woods.

Tract 5: 2± ac Country home on 2 acres. 215 ft. frontage on Co. Rd. 400S. 1-1/2 story, 1,500 sq. ft. home with central air, basement, attached garage, and large barn.

AREA MAP

TRACT MAP(S)

Tract map - 118 Acres Offered in 5 Tracts

SOIL INFORMATION

Soil map - 118 Acres Offered in 5 Tracts

PLAT MAP(S)

Plat map - 118 Acres Offered in 5 Tracts

AREA MAP(S)

Area map - 118 Acres Offered in 5 Tracts

PROCEDURES: The property will be offered in 5 individual tracts, any combination of tracts, or as a total 118 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: Real Estate 10% down payment on the day of the auction with the balance in cash at closing. The down payment may be made in the form of cash, 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.

CLOSING: The balance of the real estate purchase price is due at closing, which will take place within 15 days of presentation of title policy estimated 30-45 days after auction.

ACCEPTANCE OF BID PRICES: Successful bidder(s) will be required to enter into a purchase agreement at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellerâ€™s acceptance or rejection.

EVIDENCE OF TITLE: Sellers shall provide an ownerâ€™s title insurance policy in the amount of the purchase price.

DEED: Sellers shall provide Warranty Deed.

POSSESSION: Possession of the home will be at closing. Possession of the farmland will be after the 2011 Fall harvest..

TRACT DIVISIONS: Any tract divisions are subject to the final approval of the Wells County Planning Commission.

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. Except for the house and 2 acres, 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.

AGENCY: Schrader Real Estate and 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 â€