AUCTION IS OVER

• Productive Farmland - 20.32 Acres Tillable • Frontage on CR 900N & 700E • 1 Mile South of SR 16 • 11 Miles Northwest of Wabash, IN • 17 Miles Northeast of Peru • Peru Schools

OPEN HOUSE/INSPECTION DATES

Walk-over Inspections Welcome At Any Time!
For Private Inspection, Call Auction Manager

PROPERTY LOCATION

From Roann, travel west 1 mile to CR 700E (Wabash-Miami Co. Line). Turn south and travel 1 mile to the farm at the northwest corner of CR 700E and CR 900N

AUCTION LOCATION

Roann Community Center. 125 N. Chippewa St., Roann, IN 46974.

PROPERTY DESCRIPTION

22.51 Acres in 1 Tract!

TRACT DESCRIPTIONS

Tract 1: 22.5± ac 22.51 acres with 20.3 acres tillable. Located on the Northwest corner of CR 700E and CR 900N in Miami County. Soils are mainly Oshtemo sandy loam, Rensselaer loam, Blount silt loam and Morley sandy loam.

AREA MAP

SOIL INFORMATION

Soil map - 22.51 Acres in 1 Tract

SURVEY INFORMATION

Survey - 22.51 Acres in 1 Tract

PLAT MAP(S)

Plat map - 22.51 Acres in 1 Tract

AREA MAP(S)

Area map - 22.51 Acres in 1 Tract

TERMS & CONDITIONS:

PROCEDURES: The property will be offered as a total 22.51 acre unit. There will be open bidding during the auction as determined by the Auctioneer.

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.

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 Warranty Deed.

CLOSING: The balance of the real estate purchase price is due at closing, which will take place by December 31, 2010.

POSSESSION: At closing. Cropland subject to 2010 Tenant's Rights. Seller to receive 2010 rent. Cropland possession upon removal of crops.

REAL ESTATE TAXES: Buyer to pay installment due and payable May 2011. Seller to pay all 2010 payable taxes at closing. Taxes estimated at $366.00 per year.

ACREAGE: The survey acreage is 22.51.

FSA INFORMATION: Available from Auction Company. Call Auction Manager for Details.

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.