SOLD

35.5 Acres Offered in 4 Tracts - Formerly the Jack Kessie Farm

Etna Troy Township - Northern Whitley County, Indiana

Owner: Gary Kessie, Linda VanVoorst & Shirley Carpenter Wed, Jul 24, 2013 EASTERN

AUCTION IS OVER

TOTAL SOLD: $171,000

Tract(s): 1+2 @ $110,000 ($3,901/acre)
Tract(s): 3 @ $36,000 ($8,780/acre)
Tract(s): 4 @ $25,000 ($8,065/acre)

• Tillable Acres • Stocked Pond • Recreation Land • Wildlife Habitat • Building Sites


OPEN HOUSE/INSPECTION DATES

Meet a Schrader Representative on Tract 3 & walk over the ground:
Tuesday, July 9, from 4 p.m. to 6 p.m.
or Saturday, July 20, from 10 a.m. to 12 Noon.

PROPERTY LOCATION

Etna Troy Township. North of Lincolnway (Old 30) west of Columbia City to CR 350 W, go north 1.2 miles to the intersection of CR 350 W & CR 450 N to property location.

AUCTION LOCATION

Held on site.

TRACT DESCRIPTIONS

Tract 1: 24.2± ac with 21.5 acres of tillable productive farm ground. This tract offers many possibilities with pond access. Road frontage on CR 350 W & 400, potential building sites with recreation and wildlife habitat. Great investment opportunity in northern Whitley County.

Tract 2: 4± ac Swing tract of tillable acres. This tract offers adjoining possibilities to Tract 1 or Tract 3 for combining considerations. Road frontage on CR 450 offers a possible beautiful building site on north side of pond. New owner will receive pond access to this site.

Tract 3: 4.1± ac Corner lot of 350 W & 450 N. This tract offers possible building site and pond access. Join this corner lot with Tract 2 for additional acreage considerations.

Tract 4: 3.1± ac With approximately 420 ft. of road frontage on CR 350 W. This tract offers a beautiful building site with pond access. A natural hillside view overlooking rolling and bottom land tillable acres. Mature pine and ornamental trees boarder the north property line in a park setting. Great consideration for unique building site.


AREA MAP

TRACT MAP(S)

SOIL INFORMATION

PLAT MAP(S)

AREA MAP(S)

PROCEDURE: Tracts 1-4 will be offered in individual tracts, and in any combination of these tracts, or as a total unit. There will be open bidding on all tracts and combinations during the auction as determined by the auctioneer. The property will be bid on in the manner resulting in the highest total sale price.

DOWN PAYMENT: 10% of the accepted bid as down payment on the day 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 Warranty 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.

REAL ESTATE TAXES: Buyer shall assume the 2013 real estate taxes due in 2014. Buyer shall assume any 2013 Ditch Assessments.

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: AT THE SELLERS OPTION, 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(s) and Seller. The type of survey performed shall be at the Sellers option sufficient for providing title insurance. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres, if a new survey is determined to be necessary by the Seller. Tracts bid in combinations shall receive a perimeter survey only.

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. 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.