AUCTION IS OVER

• Warsaw Schools • Country Home & Barn • Farm Land • Wooded Building Sites • Excellent Hunting • Adjoins State Wildlife Area

OPEN HOUSE/INSPECTION DATES

(Real Estate Only): Sunday August 28, 3-4:30pm & Tuesday, Sept. 6, 4:30-6pm.
Call the Sale Managers for Private inspections.

PROPERTY LOCATION

1841 E 8 Square Road, Warsaw.
From the intersection of US 30 and SR 15 in Warsaw turn North 1 mile to CR 350 N turn East to CR 150 E then turn north 1 mile.

AUCTION LOCATION

Real Estate at The National Guard Armory, 315 W 350 N, Warsaw, IN.
From US 30 and SR 15 turn North on SR 15, 1 mile to CR 350 N turn East to Armory before the Rail Road.

PROPERTY DESCRIPTION

Parcel ID # 029-105-001
Bid your price on your choice of tracts or the entire property.

TRACT DESCRIPTIONS

Tract 1: 3.5± ac Excellent potential building site, all Wooded, with road frontage on CR 175 E.

Tract 2: 3± ac On the corner of 175 E and 8 Square Rd., great potential building site, all Wooded.

Tract 3: 1.5± ac 1-1/2 story Country Home with nearly 2000+- sq. of living area. 3 Bedrooms, 2 baths, eat-in kitchen with custom hickory cabinets, bar and all appliances. Spacious living room, master bedroom with bath. Rear deck and front covered porch, full basement and attached 2 car garage, replacement windows & 4 in. well.

Tract 4: 2± ac Swing Tract, this Tract may only be purchased in combination with Tracts 3 or 5 or in combination with tracts including Tracts 3 and 5. Frontage on 8 Square Road. Metal 60 ft. x 60 ft. Pole building with concrete floor and a 13 ft. x 60 ft. enclosed lean-to with slatted concrete floor. 2 Quonset buildings 96 ft.x28 ft. and 66 ft.x28 ft. and a 50 ft.x30 ft. Barn with milk house. All great for storage, farm equipment, boats, cars, RVs. Has been used for livestock operation in the past. Excellent buildings for contractors or 4-H projects.

Tract 5: 20± ac All tillable or pasture and a potential building site, with frontage on CR 175 E and 8 Square Road.

Tract 6: 42± ac This tract offers some of the best hunting in the area: grassland, wetlands, wooded areas and loaded with trophy deer and other wildlife, adjoining the State of Indiana DNR wildlife area, and a great potential building site, with frontage on CR 175 E.

AREA MAP

TRACT MAP(S)

Tract map - 72 Acres offered in 6 Tracts

SOIL INFORMATION

Soil map - 72 Acres offered in 6 Tracts

PROCEDURE: Tracts 1 -6, will be offered in individual tracts, or as a total unit. There will be open bidding on all tracts. The property will be sold in the manner resulting in the highest total sale price. Tract #4 is a Swing Tract and must be purchased in combination with an adjoining tract.

DOWN PAYMENT: 10% of the accepted bid on land with out improvements or 5% on combinations including improvements, as down payment on the day of 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: Seller shall pay the 2011 taxes due in 2012.

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: 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 and Seller. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres. In the event that the entire property sells to one buyer there shall be no survey.

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. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE. 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