POSTPONED LAND AUCTION - 55+/- ACRES OFFERED IN 3 TRACTS IN HUNTINGTON COUNTY, INDIANA

N Mayne Rd, Roanoke, IN 46783 - Huntington County, Indiana

Owner: Garwood Farms, LLC, Michael R. Garwood, Sasha L. Mosser, Travis J. Garwood, Tessa Fulghum, Logan E Garwood Wed, Mar 4, 2026 EASTERN

AUCTION IS OVER

• **AUCTION POSTPONED** • SCENIC POTENTIAL BUILDING SITES • QUALITY TILLABLE SOILS • ABUNDANCE OF ROAD FRONTAGE • EASY ACCESS TO MAJOR HIGHWAYS • SHORT DRIVE TO DOWNTOWN ROANOKE • IMMEDIATE POSSESSION AFTER CLOSING

Auction Info Book

OPEN HOUSE/INSPECTION DATES

Tuesday February 17, 2026 from 4-6pm
Tuesday February 24, 2026 from 4-6pm
Meet a Schrader Representative along Tract 3. Walkover inspections permitted with permission.

PROPERTY LOCATION

N Mayne Rd, Roanoke, IN 46783
At the intersection of N Mayne Rd and E Station Rd, Roanoke, IN.

AUCTION LOCATION

**AUCTION POSTPONED**
American Legion Post 160
1122 N Main St, Roanoke, IN 46783

PROPERTY DESCRIPTION

Quality tillable soils with potential building sites all on 55+/-acres.

TRACT DESCRIPTIONS

Tract 1: 14± ac with road frontage along N Mayne Rd and its northeast boundary is the large legal drain. The soils are a combination of Rensselaer loam along the drain and Martinsville silt loam through the center. There is a 75' county right of way easement along the entire drain, and some flood plain along the drain.

Tract 2: 20± ac with an abundance of road frontage along N Mayne Rd and over 1,000 ft in depth. The soils are mostly Glynwood silt loam with some Morley silt loam toward the back.

Tract 3: 21± ac This tract has some road frontage along N Mayne Rd and a large amount of road frontage along E Station Rd. The soils are Blount silt loam toward the south and some Glynwood clay loam behind the adjoining home.

TRACT MAP(S)

AREA MAP(S)

PROCEDURE: The property will be offered in 3 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 cash, cashier's 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. Seller reserves the right to reject any and all bids.

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

DEED: Seller shall provide a Warranty Deed(s).

CLOSING: The balance of the purchase price is due at closing, which will take place on or before April 10, 2026. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.

POSSESSION: Possession on day of closing immediately following the closing.

REAL ESTATE TAXES: The Seller to pay all of 2025 taxes due in 2026. Buyer to pay all taxes thereafter.

DITCH ASSESSMENTS: Buyer shall pay all ditch assessments due after closing.

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

SURVEY: A new perimeter survey shall be prepared on the entirety prior to the auction. The Seller shall also provide a new survey where the tract divisions in this auction create new boundaries. 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 Seller's option and sufficient for providing title insurance. Combination purchase will receive a perimeter survey only.

TRACT MAP and ACRES: Pre-auction tract maps and acre estimates are approximations provided for identification and illustration purposes only. They are not provided for as survey products and are not intended to depict or establish authoritative boundaries or locations.

EASEMENTS: All real estate is being sold subject to any existing recorded easements. Existing recorded leases, if any will be assigned to the Buyer.

AGENCY: Schrader Real Estate & Auction of Fort Wayne LLC 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 person's 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.