AUCTION IS OVER

• ATTENTION: Caterers, Churches, Camps, Hobbyists, Outdoor Enthusiasts • Former U.A.W. Hall • 7,200 sq. ft. Reception Hall • Offered at Public Auction

OPEN HOUSE/INSPECTION DATES

THURSDAY, SEPTEMBER 8, 5-7PM.
Meet a Schrader Representative at the property or call office for private showing.

PROPERTY LOCATION

Former U.A.W. Hall 3921 Horman Rd., Ft. Wayne, IN Just South of I-469 off of U.S. 27 South

AUCTION LOCATION

Held on site.

PROPERTY DESCRIPTION

Total Annual Taxes: $3200

TRACT DESCRIPTIONS

Tract 1: 20± ac A 7200 Square Foot Finished Metal Frame Building set upon 22 scenic acres. Current use is as a reception hall. The building features (2) 60 x 60 areas that can be partitioned off for two events or left open for seating over 300 people. There are two sets of bathrooms, one on each end of building. The interior is finished with stained knotty pine walls and drop ceiling. There is a 17 x 18 kitchen with (2) keg coolers, stove and refrigerator. Ceiling height is 14 ft. in the center tapering down to 8 feet on sides. There are 3 sets of entry doors into the building. There are two storage rooms and a portable stage. Completely new paint on building exterior and much of interior! Brand new awning over main entry door and new landscape in front of building! There is also a 24 x 32 metal storage building behind the large building. There is a newer 5 in. well and a large septic system to large filter bed. The property behind the building covers over 20 acres of open and wooded land and runs over 2,000 feet back to the St. Marys River. There is over 500 feet of river frontage along this property. There is plenty of deer and wildlife and recreation area on this property. There is a ball diamond back stop behind the buildings.

Tract 2: 5.5± ac Possible building site, camp ground, park! This tract has 363 feet of frontage along Horman Road and runs over 700 feet in depth. There are several pieces of playground equipment and a 30 x 60 covered pavilion. There is also a covered BBQ pit area. It also includes a full size concrete basketball court. Mobile home on property is not included. $200 monthly income for one year from mobile home! After one year, mobile home to be removed. There is NOT a well and septic on this tract that services the mobile home. If purchased separately, there will be a well and septic agreement between the two property owners. Combine these two tracts for complete recreation center.

AREA MAP

TRACT MAP(S)

Tract map - 27 Acres offered in 2 Tracts or Combination, Former U.A.W. Hall

PROCEDURE: The property will be offered in 2 tracts, and as a total unit. There will be open bidding on both tracts and the combination during the auction as determined by the Auctioneer. Bids on tracts, and the tract combinations may compete.

DOWN PAYMENT: 10% down payment on the day of auction with the balance in cash at closing. The down payment may be made in the form of 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: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. Seller reserves the right to reject any and all bids.

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

DEED: Seller shall provide a Warranty Deed.

CLOSING: The balance of the purchase price is due at closing, which will take place within 15 days of presentation of insurable title. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.

POSSESSION: Possession of Tract 1 on day of closing, immediately following the closing. Possession of Tract 2 immediate, subject to tenants rights in mobile home. REAL ESTATE TAXES: The Real Estate Taxes shall be pro-rated to the day of closing. ACREAGE: All tract acreage, 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 the tract divisions in this auction create new boundaries. 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 Sellers option and sufficient for providing title insurance. Combination purchase will receive a perimeter survey only.

PERIMETER DRAIN TILE EASEMENT: Easement access will be provided over tracts in this property for perimeter drain tile outlets if perimeter drain tile outlets beyond each individual tract are required by the Allen County Board of Health. AGENCY: Schrader Real Estate & Auction of Fort Wayne, LLC. 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. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conduct of his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure is subject to verifications by all parties relying on it. The Seller or the Auction Company assumes no liability for its accuracy, errors, or omissions. Conduct of the auction and increments of bidding are at the 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 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.