REAL ESTATE AUCTION - 63+/- ACRES OFFERED IN 2 TRACTS IN ADAMS CO., IN

Adams County, Indiana - Root Township

Owner: Rachel Beihold Estate; Janice Wright and Sharon Sale Co-Personal Representatives; Timothy E. Baker Attorney for the Estate Mon, Apr 18, 2016 EASTERN

AUCTION IS OVER

TOTAL SOLD: $455,000

Tract(s): 1+2

@ $455,000

($7,165/acre)

• 63+/- Acres offered in 2 Tracts • 3 Bedroom Country Home with Outbuildings • 2016 Farm Rights • Productive Tillable Land • Beautiful country setting close to Decatur with a nice set of buildings • Just a short drive to Decatur, Fort Wayne or Van Wert • 5+/- miles North of Decatur • 15+/- miles Southeast of Fort Wayne • 20+/- miles West of Van Wert

OPEN HOUSE/INSPECTION DATES

Wed., March 30, 4-6 pm
Sun., April 3, 1-3 pm
Day of auction, 3-4:30 pm
Meet a Schrader Representative and tour the home.

PROPERTY LOCATION

9619 N 000 Road, Decatur, IN. From the intersection of US-27/Lafayette St. and CR 900N (2 miles north of Decatur) travel east on CR 900N 1 mile to CR 000. Turn north on CR 000 and travel 1/2 mile to the property.

AUCTION LOCATION

Riverside Center, 231 E. Monroe St., Decatur, IN. On the east side of Decatur off of US 224.

TRACT DESCRIPTIONS

Tract 1: 3± ac 3-bedroom 1,620 sq. ft. country home. This is a great small family home or potential rental investment. Several outbuildings. Imagine the possibilities! Address: 9619 N 000 Rd., Decatur, IN

Tract 2: 60± ac tillable land. Nappanee, St. Clair and Pewamo Soils. Frontage on two roads. Buyer has the right to farm in 2016! Immediate possession for farming purposes is available. Contact Auction Company for details.

AREA MAP

TRACT MAP(S)

SOIL INFORMATION

PLAT MAP(S)

AREA MAP(S)

PROCEDURE: The property will be offered in 2 individual tracts and as a total 63-acre unit. There will be open bidding on tracts and the total property during the auction as determined by the Auctioneer. Bids on individual tracts and the total property may compete.

DOWN PAYMENT: 10% Down payment on the day of auction for bare land tracts. 5% Down payment on the day of auction for the home tract or combination including the home. 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 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.

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

DEED: Seller shall provide appropriate Deed(s).

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

POSSESSION: Possession will be at closing on bare land and 30 days after closing on home. Immediate possession for farming purposes is available with an additional 10% deposit (20% total).

REAL ESTATE TAXES: Seller shall pay 2015 real estate taxes due in 2016.

PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries, and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Bidders safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.

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

SURVEY: The Seller shall not provide a new survey unless required to insure title. Any need for a new survey shall be determined solely by the Seller. Seller and successful bidder shall each pay half (50:50) of the cost of any survey. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance.

AGENCY: Schrader Real Estate & Auction Company, Inc. and its representatives are exclusive agents of Seller.

DISCLAIMER & 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 conducting 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 the 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 MADE.