AUCTION IS OVER

TOTAL SOLD: $841,000

Tract(s): 1	@ $375,000	($4,889/acre)
Tract(s): 2+3	@ $415,000	($4,842/acre)
Tract(s): 4	@ $51,000	($4,146/acre)

• 176 Acres offered in 4 Tracts
• Land Auction
• Productive, Tillable Farmland
• Good Drainage Outlets
• 1031 Exchange Opportunity
• Woods for Hunting
• Steuben County, Indiana (Near Michigan & Ohio)

• ONLINE BIDDING AVAILABLE
• You may bid online during the auction at www.schraderauction.com. You must be registered One Week in Advance of the Auction to bid online. For online bidding information, call Kevin Jordan at Schrader Auction Co. - 800-451-2709.

OPEN HOUSE/INSPECTION DATES

Saturday, January 11 & 25 from 9AM-12Noon
Meet at Tract 3

PROPERTY LOCATION

From the intersection of U.S. 20/Old U.S. 27 (South Wayne St.) at the Circle in downtown Angola, IN, Go East on U.S. 20 approx. 6 miles to 600 E. Turn left (North) & go 3 miles to CR 200 N. Turn left (West) & go 1/2 mile to the property.

AUCTION LOCATION

Fairview Missionary Church, 525 E. 200 N., Angola, IN 46703 (at the intersection of S.R. 827 & 200 North)

TRACT DESCRIPTIONS

Tract 1: 78± ac with 46 acres of productive tillable cropland. This tract features excellent Whitaker loam & Rensselaer loam soils. This tract has a good drainage outlet via Pigeon creek in the Southeast corner. The balance of the acreage is in mixed hardwoods along with a 2 story farmhouse located along Ray Clark Road. Investigate the income potential of this tract.

Tract 2: 40± ac with approx. 34 acres tillable & the balance in woods. The predominate soil types are Boyer-Ormas loamy sand, Rawson loam & Palms Muck. This tract features road frontage on both CR 200 N. & CR 550 E. This tract has a county regulated drain on it running parallel with CR 200 N.

Tract 3: 46± ac with approx. 42 acres tillable with the balance in roads & woods. This tract has road frontage on both 200 N. & 550 E. Soil types include Glynwood silt loam, Morley silt loam, Rawson loam & Pewamo silty clay loam.

Tract 4: 12± ac of wooded hunting paradise. Excellent Deer hunting tract. This tract also has a pond as well as ample road frontage on 200 N.
Note: Call Rick Williams at 260-417-2467 for the FSA, Drainage & Tax Information.

AREA MAP

TRACT MAP(S)

Tract 1

Tracts 2-4

SOIL INFORMATION

Tract 1

Tracts 2-4

AREA MAP(S)

PROCEDURE: This property will be offered in 4 individual tracts and any combination of tracts. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts and tract combinations.

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. All final bid prices are subject to the Sellers acceptance or rejection.

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.

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

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

POSSESSION: Possession of land is at closing.

REAL ESTATE TAXES: Buyer shall assume the 2014 real estate taxes due in 2015. Buyer shall assume any 2014 Ditch Assessments.

ACREAGE: All tract acreages, dimensions and proposed boundaries are approximate and have been estimated based on aerial photos and the current legal description.

SURVEY: The Seller(s) 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 except on Tract 4, if a new survey is determined to be necessary by the Seller. Tracts bid in combinations shall receive a perimeter survey only.

AGENCY: Schrader Real Estate and Auction Company, 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 an AS IS, WHERE IS basis, and no warranty or representation, either expressed 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 conduction his or her own independent inspections, investigations, inquiries, 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 Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and 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.