AUCTION IS OVER

• Top Quality Soils • Great Long Term Investment/Crop Rights Available for 2011 • Municipal Water - Southwestern Regional Water District • 3,000+ Ft. of Frontage On St. Hwy. 177 • 2 Miles north of Bogan Elementary/Talawanda School System • 3 Miles North of Oxford, Ohio

OPEN HOUSE/INSPECTION DATES

Buyers are able to view property at their convenience. Agent will be on the property Thursday, November 18th @ 3:00 to 5:00 PM.

PROPERTY LOCATION

3 miles north of Oxford on Hwy. 177 (Hamilton Richmond Rd.) between Somerville Rd. and Earhart Rd.

AUCTION LOCATION

Milford Township Community Center at 5113 Huston Road, Collinsville, OH 45004. This is the old Collinsville School and sits northeast of the intersection of SR 73 and US 127.

PROPERTY DESCRIPTION

85 +/- Acres Offered in 2 Tracts!

TRACT DESCRIPTIONS

Tract 1: 46± ac All cropland. 1,823 ft. of frontage on Hwy. 177 (Hamilton Richmond Rd.)

Tract 2: 39± ac All cropland. Buy separately or together with Tract 1 all in one field for nice 85 acres. 2,027 ft. of frontage on Hwy. 177 (Hamilton Richmond Rd.)

AREA MAP

TRACT MAP(S)

Tract map - Butler County, OH, 85 +/- Acres

SOIL INFORMATION

Soil map - Butler County, OH, 85 +/- Acres

AUCTION TERMS & PROCEDURES

PROCEDURES: The property will be offered in 2 individual tracts, any combination of tracts, or as a total 85 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.

DOWNPAYMENT: Real Estate 10% down payment on the day of the auction with the balance in cash at closing. The down payment may be made 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.

ACCEPTANCE OF BID PRICES: Successful bidder(s) will be required to enter into a purchase agreement at the auction site immediately following the close of the auction. All final bid prices are subject to the Seller's acceptance or rejection.

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

DEED: Sellers shall provide Trustee Deed.

CLOSING: The balance of the real estate purchase price is due at closing, which will take place within 15 days of presentation of title policy.

POSSESSION: At closing.

REAL ESTATE TAXES: Buyer to pay installment due and payable May 2012. Taxes estimated at $191.50/yr.

ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions.

SURVEY: A new survey will be made where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Buyer(s) and Seller will share survey expense 50:50. Seller has current survey for 85.192 acres. Buyer to receive development survey.

FSA INFORMATION: See Agent.

EASEMENTS: Sale of the property is subject to any and all easements of record.

MINERAL RIGHTS: The sale shall include 100% of the mineral rights owned by the Seller.

AGENCY: Schrader Real Estate and 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 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, 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 Sellers or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Sellers and Selling Agents reserve the right to preclude any person from bidding if there is any question as the person's credentials, fitness, etc. All decision of the Auctioneer is final. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. AUCTION COMPANY OR OWNER NOT RESPONSIBLE FOR ACCIDENTS.