AUCTION IS OVER

• 71+ Acres Tillable • 5 Acres Woods • 2 Acres Pond • 3 Bedroom, 2-Story Farm Home

OPEN HOUSE/INSPECTION DATES

To Preview Home:
Sunday, December 4, 2-4 PM or call office for private showing 866-340-0445

PROPERTY LOCATION

6680 W. 200 N., Angola, IN (From I-69, take U.S. 20 west 3 miles to N. CR 600 W, travel north 2-1/2 miles to W. 200 N., turn west and go to property.)

AUCTION LOCATION

American Legion Post 31 1760 W. Maumee St., located just east of I-69, off of 20.

TRACT DESCRIPTIONS

Tract 1: 2.3± ac 1500 sq. ft. 2 story farm house on 2.3 acres. Home features large country kitchen, very large formal dining room, living room, bedroom and den all on main level, two bedrooms upstairs. There is one full bath, partial basement, and enclosed back porch. Newer Furnace and Replacement Windows!! There is some hardwood flooring in the home.

Tract 2: 26.4± ac Approximately 300 ft. of road frontage along this tract and runs nearly 2000 ft. in depth. This tract has some pasture in the front and the rest tillable. The soils are mostly Riddles sandy loam, 0 to2 percent slopes.

Tract 3: 21.7± ac This tract will have a 30 ft. owned access from the road to the tract. It has 5 acres of woods and the rest is tillable. The woods offer good deer hunting and the tillable is good productive soils. This would make for a great recreation piece or investment piece. Soils would be conducive for Walnut and other tree plantings.

Tract 4: 30.3± ac This tract has nearly 600 ft. of road frontage and runs back nearly 2000 ft. in depth. Mostly all tillable except for approximately 2 acres of pond area. It too features mostly Riddles sandy loam, 0-2 percent slopes, some Riddles 2-6 percent slopes, approximately 8 Acres of Brookstone loam on the front. Excellent possible home site behind the pond!

AREA MAP

TRACT MAP(S)

Tract map - 80 Acres & Home - Property Offered in 4 Tracts from 2.3 to 30.0 Acres

SOIL INFORMATION

Soil map - 80 Acres & Home - Property Offered in 4 Tracts from 2.3 to 30.0 Acres

PLAT MAP(S)

Plat map - 80 Acres & Home - Property Offered in 4 Tracts from 2.3 to 30.0 Acres

PROCEDURE: The property will be offered in 4 tracts, any combination of tracts, and as a total 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 with the balance in cash at closing. 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 auctions site immediately following the close of the auction. Seller reserves the right to reject any and all bids.

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

DEED: Seller shall provide a Warranty Deed.

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 insured closing shall be shared 50:50 between Buyer(s) and Seller.

POSSESSION: Possession at closing, subject to tenants rights of 2011 crops.

REAL ESTATE TAXES: Seller shall pay all of 2011 Real Estate taxes due and payable in 2012. Buyer shall pay all thereafter.

ACREAGE: All tract acreage, 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 the tract divisions in this auction create new boundaries. Solely the Seller shall determine any need for a new survey. 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 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 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. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conduct of his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure is subject to verifications by all parties relying on it. The Seller or the Auction Company assumes no liability for its accuracy, errors, or omissions. Conduct of the auction and increments of bidding are at the 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 MA