PROCEDURE: Each site will be offered as one parcel except for the Huntsville Property. The Huntsville property will be offered in 3 tracts and the combinations. There will be open bidding on the 3 tracts and the combination of tracts during the auction as determined by the Auctioneer.

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 auctions sites immediately following the close of the auctions. All properties are being sold, Absolute, With No Reserve.

TILLMAN TANKS: The LP and NH3 tanks will be sold as Personal Property and the Buyer shall pay for these in full, at the conclusion of the auction.

DEED: Seller shall provide a Warranty Deed for each property. It will by Buyers responsibility to pay for any Title Commitment or Title Policies.

DEED RESTRICTIONS: The property shall not be used for: (1) The sale, either retail or wholesale, of propane or agricultural products of any kind including, but not limited to, seeds, chemicals or liquid or dry fertilizers; (2) The sale, either retail or wholesale, of any type of grain that is governed by he Ohio Department of Agriculture or any successor agency; or (3) The storage of grain for a fee. Any grain storage improvements on the property, now existing or built in the future, shall not be subdivided or developed into condominiums to be sold for grain storage. These restrictions shall run with the land and be binding on the purchaser and their heirs, successors and assigns. Purchaser agrees that these restrictions will be referenced in any future instrument conveying the property or any portion thereof.

ENVIRONMENTAL DISCLAIMER: Trupointe will be providing a ASTM Environmental Screening prepared under the All Due inquiry provisions of 42 USC Section 9607 for all sites except Wapakoneta. Trupointe will provide a Phase II Environmental Assessment for the Wapakoneta site.

CLOSING: The balance of the purchase price is due at closing, which will take place on or before July 9, 2012. Any normal closing costs shall be shared 50:50 between Buyer(s) and Seller.

Ohio Properties: The closing shall be at the office of Elsass, Wallace, Evans, Schnelle, & Co., L.P.A., Sidney, Ohio. Tillman Site: The closing shall be at the office of Schrader RE & Auction of Ft. Wayne.

POSSESSION: Possession shall be on the day of closing, immediately following the closing.

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: Solely the Seller shall determine any need for a new survey. Seller and successful bidder shall each pay half (50:50) of the cost of any necessary survey. The type of survey performed shall be at the Sellers option.

AGENCY: Schrader Real Estate & Auction Co. 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. 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.

It is illegal, pursuant to the Ohio Fair Housing Law, Division (H) of Section 4112.02 of the Revised Code and the Federal Fair Housing Law 42 U.S.C.A. 3601, to refuse to sell, transfer, assign, rent, lease, sublease, or finance housing accommodations, refuse to negotiate for the sale or rental of housing accommodations, because of race, color, religion, sex, familial status, as defined in Section 4112.01 of the Revised Code, ancestry, disability as defined in that section, or national origin or to so discriminate in advertising the sale or rental of housing, in the financing of housing, or in the provision of real estate brokerage services.

ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

Auction Brochure

Click to access