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REAL ESTATE AUCTION - 25.5+/- ACRES OFFERED IN 3 TRACTS IN NOBLE COUNTY, INDIANA

1819 E Waits Rd. Kendallville, IN 46755 - Noble County, Indiana

Owner: Larry Antonides Estate, Estate Representative Attorneys Yoder & Jessop PC Tue, May 25, 6:00 PM

• 25.5+/- Acres Offered in 3 Tracts • Gorgeous Topography Great Hobby Farm • Redecorated Home • Fenced Pasture • Outbuildings Potential Building Sites • Personal Property to Sell on Tuesday, May 11th


Auction Info Book


OPEN HOUSE/INSPECTION DATES

Sat, May 8 from 9-11am
Wed, May 19 4-6pm

Meet a Schrader representative at Tract 2. House, land & personal items will all be available for viewing.

PROPERTY LOCATION

1819 E Waits Rd Kendallville, IN
From US 6 Kendallville, turn South onto 1000 E. Go South about 1 mile to Waits Rd. Turn West about 1/4 mile Or from SR 3 Kendallville, turn East onto Waits Rd.

AUCTION LOCATION

Noble County Fairgrounds Log Cabin

PROPERTY DESCRIPTION

The Antonides Estate is a beautiful small-scale ranch with multiple out-buildings and fenced pasture. If bid on as a whole, the farm would be great for a small livestock operation with its hay field, outbuildings, and fenced pasture. Or, if you are looking for a building site, you can purchase the vacant tracts individually. Do not miss out on this opportunity!

TRACT DESCRIPTIONS

Tract 1: 6.5± ac with a gentle roll providing for a great potential building site. Tract has frontage on Waits Rd.

Tract 2: 7.5± ac included with this unique recently redecorated 1.5 story , 3 bedroom, 1 bath home. 1986 sq. ft. on basement. Includes 2 out-buildings. Mostly Miami loam soil with frontage on Waits Rd.

Tract 3: 11.5± ac SWING TRACT presently a hay field mostly Miami loam soil. Must be purchased by an adjoining land owner that has road frontage or combined with Tracts 1 or 2.

TRACT MAP(S)

AREA MAP(S)

PROCEDURE: The property will be offered in 3 individual tracts, any combination of tracts and as a total 25.5+/- acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete.

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.

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 Trustees Deed(s).

DEED RESTRICTIONS: The following deed restrictions shall apply if the property sells in multiple tracts: All homes must be built to the Indiana 1 & 2 Family Dwelling Code. (This would exclude all mobile homes and typical doublewide modular homes.) The minimum square footage (exclusive of garages, basements and porches) on single story homes shall be 1,400 square feet. The minimum square footage on 1-1/2 story homes shall be 1,600 square feet. The minimum square footage on 2 story homes shall be 1,800 square feet. All homes must have no less than a 5/12 roof pitch and no less than a two-car, attached garage.

CLOSING: The targeted closing date will be approximately 30 days after the auction.

POSSESSION: Possession is at closing.

REAL ESTATE TAXES: Prorated to day of closing.

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 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.