188 Acres Offered in 5 Tracts

Hamilton, OH - Butler County

Owner: Pennington Angus Farm, Owen & Minnie Pearl Pennington Mon, May 10, 2010 EASTERN

AUCTION IS OVER

• Tillable Land with 2010 Crop Rights • Picturesque Pastures • Estate Building Sites • Cattle Set-Up and Country Home • 2 Beautiful Ponds • Development Potential • Outstanding Location

OPEN HOUSE/INSPECTION DATES

Thursday, April 22,2010 05:00 PM thru 07:00 PM
Thursday, April 29,2010 05:00 PM thru 07:00 PM

PROPERTY LOCATION

5081 Hamilton-Eaton Rd. (US 127) Hamilton, OH 45013. The farm sits near the corner of SR 73 (Trenton Oxford Rd.) and US 127 (Hamilton Eaton Rd.). Just 25 miles north of Cincinnati.

AUCTION LOCATION

Milford Township Community Center at 5113 Huston Road, Collinsville, OH 45004. Located adjacent to the farm at the intersection of US 127 and SR 73 on Huston Road.

TRACT DESCRIPTIONS

Tract 1: 30± ac Acres nearly all tillable. Currently in alfalfa hay production. This is a nice gently rolling, highly productive tract with predominantly Rossdale and Miami soils. Approx. 200 Ft. of frontage on SR 73 (Trenton-Oxford Rd.) with access via established owned drive.

Tract 2: 40.2± ac Acres with approximately 37 tillable. Currently in alfalfa hay production. Highly productive tract with predominantly Rossdale and Miami soils. Approx. 1125 Ft. of frontage on SR 73 with access via established drive. Combine with Tract 1 for a nice 72 acre field. FULL 2010 CROP RIGHTS AVAILABLE.

Tract 3: 25± ac Acres with country homestead and farm headquarters. Outstanding early bank barn in fine working condition. Newer tool shed with lean-to and several other support buildings. Nice paved driveway lined with board fence. Approximately 1350 ft. of frontage on US RT. 127 (Hamilton-Eaton Rd.) and 125 ft. of frontage on SR 73.

Tract 4: 30.8± ac Acres with a beautiful 3 acre pond. This is a must see. Great recreation for the family. Rolling pasture with a mixture of woods and open land. Owned entrance off of Hamilton Eaton Rd. Potential estate home site. Unmatched beauty.

Tract 5: 62.4± ac Acres with approximately 7 acres of mature woods, 1 acre pond and the balance in plush grassy meadows. This is a beautiful tract for a potential estate home site or to act as a backdrop for your livestock. Abundant road frontage on Hamilton Eaton Rd. (US 127) and Harris Rd. Access via a shared established entrance. This tract has county water available on the property.

AREA MAP

TRACT MAP(S)

Tract map - 188 Acres Offered in 5 Tracts

AREA MAP(S)

Area map - 188 Acres Offered in 5 Tracts

PROCEDURES: The property will be offered in 5 individual tracts, any combination of tracts, or as a total 188+/- 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.

DOWNPAYMENT: 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.

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 Seller's acceptance or rejection.

EVIDENCE OF TITLE: Sellers shall provide an owner's title insurance policy in the amount of the purchase price.

DEED: Sellers shall provide a Warranty Deed.

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 projected to be 30 days.

POSSESSION: Possession on cropland (Tracts 1 & 2) is available at the time of the auction with a 20% down payment. Buyer(s) to receive 2010 crop rights. Possession of the Pasture and Pond (Tracts 4 & 5) at closing. Possession of Tract 3 with the improvements and home will be 45 days after closing.

REAL ESTATE TAXES: Buyer to pay installment due and payable in 2011. Seller to pay all 2010 property taxes. 2010 taxes for the property are $3,117.34.

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. Closing prices will be adjusted to reflect any differences between advertised and surveyed acreage's. Note: No adjustments will be made on Tract 3 or combinations including tract 3 under 100 acres.

FSA INFORMATION: See Agent

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

MINERAL RIGHTS: The sale shall include 100% of the mineral rights owned by the Seller.

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 "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, 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 Sellers or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Sellers and Selling Agents reserve the right to preclude any person from bidding if there is any question as the person's credentials, fitness, etc. All decision of the Auctioneer is final. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. AUCTION COMPANY OR OWNER NOT RESPONSIBLE FOR ACCIDENTS