AUCTION IS OVER

TOTAL SOLD: $812,280

Tract(s): 1

@ $812,280

($10,500/acre)

• 77.4 Productive, Tillable Acres • Land Auction • Sold as one contiguous field • Buyer to receive owner share of 2013 Corn Crop

OPEN HOUSE/INSPECTION DATES

Preview Dates: Monday, August 5, 10AM-12Noon

PROPERTY LOCATION

512 SOUTH SAMPSON ROAD, WOODBURN, INDIANA
(Located in Jefferson Township, Section 1, 2 1/2 miles south of Woodburn Road)

AUCTION LOCATION

Held On Site

PROPERTY DESCRIPTION

A very rare opportunity to purchase at auction, this 77+ Acres of very productive farm land!!
The entire farm is level with mostly Hoytville Silty Clay. There are over 950 feet of road frontage along Sampson Road. There is a deep open ditch along the road frontage with a large culvert drive onto the property. The farm is well tiled!

2011 REAL ESTATE TAXES: $1,839.14

BUYER TO RECEIVE OWNER SHARE OF 2013 CORN CROP

AREA MAP

SOIL INFORMATION

PLAT MAP(S)

AREA MAP(S)

PROCEDURE: The property will be offered in 1 Tract. There will be open bidding 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 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: All successful bidders will be required to enter into a purchase agreement at the auctions 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 on or before September 27, 2013. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.

POSSESSION: Possession subject to 2013 corn crop harvest. Buyer will receive 2013 Cash Rent of $200 per acre.

REAL ESTATE TAXES: The Real Estate Taxes shall be Pro-rated to the date of closing. Buyer shall pay all ditch assessments due in 2013.

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 the survey if necessary. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance.

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

Auction Brochure

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77.4 Productive, Tillable Acres Land Auction