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*** BIDDING WILL BE VIA PHONE OR INTERNET *** OHIO LAND AUCTION - 115+/- ACRES OFFERED IN 4 TRACTS IN WILLIAMS COUNTY, OHIO

Montpelier, Ohio - Williams County

Owner: The Estate of Richard G. Gillhouse Wed, May 6, 2020

SOLD FOR $660,000

This is an ONLINE ONLY / VIRTUAL PHONE BID AUCTION. • 2020 Crop Rights • Immediate Possession Available • Productive Tillable Land • 105+/- Tillable Acres per FSA • SIMULCAST ONLINE & PHONE BIDDING You may bid via phone or online during the auction at ww.schraderauction.com. You must be registered One Week in Advance of the Auction to bid online. For online bidding information, call Schrader Auction Co. - 800-451-2709.

This is an ONLINE ONLY / VIRTUAL PHONE BID AUCTION. The auction event will take place as scheduled. Please register in advance for real-time online bidding or to be represented through interactive phone bidding.
ONLINE BIDDING- Download the Online Registration form from the download tab above. Complete required information and return to the auction company OR contact the AUCTION MANAGER to help in registration. Bids will be placed by you through the live interactive SCHRADER online bidding platform in real-time during the auction.
PHONE BIDDING- Call the AUCTION MANAGER today to get registered for this event. A SCHRADER representative will work with you throughout the live auction event to place your bid(s) competitively as the auction progresses.


Auction Info Book


OPEN HOUSE/INSPECTION DATES

Wednesday, April 29 from 3:00 - 5:00 pm or call for Private Showing.
Meet Schrader Representative on Tract 1.

PROPERTY LOCATION

From the intersection of SR 107 and Monroe St (CR 10) in Montpelier, OH travel west on SR 107 approx. 1 mile to CR 10. Turn north onto CR 10 and travel approx. 2.25 mi to the property located on both sides of the road.

AUCTION LOCATION

SIMULCAST ONLINE & PHONE BIDDING
You may bid via phone or 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 Schrader Auction Co. - 800-451-2709.

TRACT DESCRIPTIONS

Tract 1: 26± ac mostly all tillable consisting of predominately Blount and Pewamo soils. Nettle Creek along the south boundary provides a nice drainage outlet. Frontage on both CR 10 and CR N-30.

Tract 2: 20± ac with 18 acres FSA tillable acres with the Nettle Creek along the north boundary providing a drainage outlet. Frontage on CR 10.

Tract 3: 49± ac with 44 acres FSA tillable consisting of primarily Pewamo and Blount Soils. Nettle creek meanderers through the tract providing a drainage outlet along with habitat for wildlife. Frontage on CR 10.

Tract 4: 20± ac SWING TRACT with 18+/- acres FSA tillable consisting of Toledo and Millgrove clay loam soils. Open Ditch provides access to a drainage outlet. Tract will need to be combined with either Tracts 3 or purchased by adjoining land owner providing road access.

TRACT MAP(S)

AREA MAP(S)

PROCEDURE: The property will be offered in 4 individual tracts, any combination of tracts (subject to swing tract limitations) and as a total 115+/-acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. The auction will be offered in individual tracts, combinations of tracts, and as a whole.

DOWN PAYMENT: 10% down payment on the day of auction for individual tracts or combinations of tracts. The down payment may be made in the form of 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.

IMMEDIATE ACCESS: Immediate access will be available for certain crop farming activities prior to closing. Buyer must deliver an additional 10% (for a total of 20%) and sign a Pre-Closing Access Agreement. Contact Auction Company for details.

ACCEPTANCE OF BID PRICES: All successful bidders will be required to enter into Purchase Agreements 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 a preliminary opinion of certificate of title.

DEED: Seller shall provide Trustee Deed(s).

CLOSING: The balance of the real estate purchase price is due at closing, which will take place 30 days after the auction.

POSSESSION: Possession is at closing.

REAL ESTATE TAXES: The Seller shall pay all 2019 Real Estate Taxes due in 2020. The buyer shall pay all due thereafter.

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 date has 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 provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. 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 the survey. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Combination purchases will receive a perimeter survey only.

AGENCY: Schrader Real Estate & 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 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.