128.5+/- Acres Offered in 2 Tracts - Wooded & Tillable Acres

Wabash County, IN - North East of Wabash, West of Huntington

Owner: Jolene Baer, Barb Sash and Marla Alexander Tue, Feb 28, 2012 EASTERN

AUCTION IS OVER

• Tillable, Productive Farmland • Woods, Wildlife & Recreation • Potential Building Site

OPEN HOUSE/INSPECTION DATES

Walk-over inspections welcome, or call for private inspections.

PROPERTY LOCATION

From US 24 and SR 13 in Wabash travel east 8 miles on US 24, or from US 24 and SR 9 in Huntington travel west 7 miles on US 24 to CR 750 E then turn north 3/4 mile to CR 250 N (Bethel Rd.) turn west 1/2 mile to farm, or from SR 13 and SR 16 travel east on SR 16, 6.5 miles to CR 650 E (Rock Springs Rd.) turn south 3.5 miles to CR 250 N (Bethel Rd.) turn east 1/2 mile.

AUCTION LOCATION

Andrews Lions Club at the Ballpark, 365 Leedy Lane, Andrews, Indiana. From US 24 and SR 105 turn south 1 mile on SR 105 (Main St.) to McKeever St. turn east 1/4 mile to Leedy Ln. then turn south to Lions Building on left.

PROPERTY DESCRIPTION

115+/- Tillable, Productive Acres
12+/- Wooded Acres
Parcel IDs: 85-12-19-200-005.000-003, 85-12-20-100-001.000-003

TRACT DESCRIPTIONS

Tract 1: 86± ac of productive, tillable farm ground with predominantly loamy soils. Approximately 1170 ft. of road frontage on CR 250 N.

Tract 2: 42.5± ac 30.5 +/- Acres of productive, tillable farm ground and 12 +/- Acres of woods, offering wildlife, hunting and recreational possibilities. Ideal food plot location and/or potential building site. Approximately 270 ft. of road frontage on CR 250 N.

AREA MAP

TRACT MAP(S)

Tract map - 128.5+/- Acres Offered in 2 Tracts - Wooded & Tillable Acres

SOIL INFORMATION

Soil map - 128.5+/- Acres Offered in 2 Tracts - Wooded & Tillable Acres

PLAT MAP(S)

Plat map - 128.5+/- Acres Offered in 2 Tracts - Wooded & Tillable Acres

AREA MAP(S)

Area map - 128.5+/- Acres Offered in 2 Tracts - Wooded & Tillable Acres

PROCEDURE: There will be open bidding during the auction as determined by the auctioneer.

DOWN PAYMENT: 10% of the accepted bid as down payment on the day of the auction with balance in cash at closing. The down payment may be 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.

APPROVAL OF BID PRICES: The successful bidder 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 Sellers acceptance or rejection. DEED: Seller shall provide a Warranty Deed.

EVIDENCE OF TITLE: Seller shall provide title insurance in the amount of the purchase price.

CLOSING: Closing shall take place 15 days after proof of merchantable title.

POSSESSION: At closing.

REAL ESTATE TAXES: Pro-rate to day of closing

SURVEY: The Seller shall determine any need for a new survey. There shall be no survey if the property is purchased by one Buyer. Any new surveys provided shall be for the perimeter only, when tracts are combined. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres. The survey costs shall be shared 50:50 between Buyer(s) and Sellers. Sellers shall not be responsible for any costs incurred due to Buyer securing a mortgage.

EASEMENTS: The sale of the property is subject to any and all easements of record.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is 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 express or implied, concerning the property is made by the Seller or the Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires, 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. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company 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.