AUCTION IS OVER

• Tillable Land • Potential Building Sites • 4BR Country Home • Wa-Nee Schools • Gun & Collectibles • Household • Lawn & Garden • Outdoor

OPEN HOUSE/INSPECTION DATES

Saturday, June 18, 10:30am - 12noon
Tuesday, June 21, 4:30-6pm
Call the Sale Managers for Private Inspections.

PROPERTY LOCATION

8066 N 900 West, Nappanee, IN.
From Warsaw: At US 30 & CR 800 W (8 mi. West of Warsaw or 2.5 mi. East of Etna Green), turn North on CR 800 W to CR 800N. At 800 N, turn West 1 mi. to farm.
Or South of Nappanee on SR 19 to 4-way stop, continue South on CR 800 W, 1 mi. to CR 800 N, then West to farm.

AUCTION LOCATION

Auctions Held On Site.

PROPERTY DESCRIPTION

NOTE: $50/Acre credit will be given at closing to buyers of 20 or more acres.

Bid your price on your choice of tracts or the entire property.

TRACT DESCRIPTIONS

Tract 1: 3± ac Excellent potential building site, all tillable, with road frontage on CR 900 W.

Tract 2: 3± ac Country home in good condition with nearly 1500 feet of living area, 1-1/2 story, 4 bedroom, 1 bath, replacement windows, 4in. well, and 36ft x 20ft detached garage.

Tract 3: 3± ac On the corner of 900 W and 800 N, great potential building site, all tillable.

Tract 4: 20.5± ac All tillable or potential building site, with frontage on CR 800 N.

Tract 5: 20.5± ac All tillable or potential building site, with frontage on CR 800 N.

EQUIPMENT & PERSONAL PROPERTY

Personal Property - 3:30 PM

Gun & Collectibles:
· Winchester Model 37A .410 Shotgun
· Nappanee Coppes Cabinet
· Western Stoneware #6 crock
· #5 Crock
· #2 Crock
· Galv. Boiler
· Wood Bowl & Paddle
· Egg Baskets
· Flour Sifter (cabinet style)
· Frankoma #219
· Haeger pc.
· Pink & Green Depression Glass
· Fiesta Mixing Bowl Set (4 pc.)
· Desserts (12)
· Daytonia Treadle Sewing Machine
· Wood High Chair
· Dining Table w/ 6 chairs
· Buffet
· Roos Cedar Chest
· Plant Stand
· Ornate Mirror
· Milk Glass
· Costume Jewelry
· Iron Skillet
· Sad Iron
· Motel Chair
· Formica Table w/ 4 Chairs (chrome)
· 3 pc. Bedroom Suite
· Twin Iron Bed
· Misc. Quilts
· Plymouth Mantle Clock
· Wanda â€œThe Walking Dollâ€
· Lincoln Logs (no container)
· Eastman Kodak Box Camera (120)
· Etna Green HS Class of 1932 Photo
· Ladies Hats
· Violin
· And Other Items.

Furniture & Household:
· Kitchenaid Washer-Quiet Scrub-XL Cap-HD
· Chest Freezer (old)
· Rocker
· Recliner
· Sofa
· Chairs(3)
· Lamps
· End Table
· 21 Jewel Sewing Machine
· Eureka Upright Vacuum
· 2 pc. Bedroom Suite (2)
· Corning Ware
· Pyrex
· Fire King
· Oneida Silverware
· Bake ware
· Pots & Pans
· Dishes
· Misc. Tupperware
· Linens
· Bushnell 7x50 Binoculars
· Canner
· Wheel Chair
· Hugo chair
· Potty
· Cane
· Walker
· Cups
· Glasses
· Dishes
· Pots
· Pans
· Miscellaneous.

Lawn & Garden Outdoor:
· Simplicity 4208 Elec. Start Garden Tractor 5 sp. 36in. cut
· Small Rubbermaid Outdoor Storage Cabinet
· Toro Power Curve Elec. Snow Blower 12in.
· Elec. Weed Wacker
· Metal Hand pull lawn cart
· 4 Wheel Dolly
· Werner Al. Step Ladder (6ft)
· Bow Saws (2)
· Shovel
· Axe
· Broom
· Coleman Lantern
· Coleman #5 Camp Stove (2)
· Cooler
· Small amount of Tools and Hand Tools
· other Items.

AREA MAP

TRACT MAP(S)

SOIL INFORMATION

AREA MAP(S)

PROCEDURE: Tracts 1 -5, will be offered in individual tracts, or as a total unit. There will be open bidding on all tracts. The property will be sold in the manner resulting in the highest total sale price. 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: All successful bidders will be required to enter into purchase agreements 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 Trustees 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 on home and improvements, after harvest of crops on tillable land. Buyer to receive 2011 cash rent. The tillable land is leased for the 2011 crop year only.

REAL ESTATE TAXES: Seller shall pay the 2011 taxes due in 2012.

DITCH ASSESSMENTS: Buyer shall pay all ditch assessments due after closing.

ACREAGE: All acreage is approximate and has been estimated based on current legal descriptions and/or aerial photos.

SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in the auction. Any need for a new survey will be determined solely by the Seller, cost of the survey will be split 50/50 between Buyer and Seller. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres. In the event that the entire property sells to one buyer there shall be no survey.

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. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE. Tract acreage has been estimated based on aerial photographs. 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

None at this time