Donald Smith Estate Real Estate and Personal Property Auction

LaOtto, Indiana

Owner: Donald Smith Estate Equipment & Personal Property at 2:00 PM EASTERN
Real Estate Wed, Jul 11, 2012 EASTERN

AUCTION IS OVER

• REAL ESTATE 6PM • 2.7 Acres • Country Home • 56 ft. x 30 ft. and 30 ft. x 30 ft. Pole Buildings
• PERSONAL PROPERTY 2PM • 25 Tractors • Plows • Discs • Trucks • Skidloader • 4 Wheeler • Golf Cart • Lawn Mowers • Tools • Guns • Collectibles & Housewares

OPEN HOUSE/INSPECTION DATES

REAL ESTATE INSPECTION DATES:
Monday, June 18, 4-6 PM & Thursday, June 21, 4-6 PM

PROPERTY LOCATION

3668 S 950 E, LaOtto, IN 46763. From the intersection of SR 3 and S R 205 at LaOtto, IN, go north 1 mile to CR 300 S then west 2 miles to CR 950 E then south 1/2 mile to the auction.

AUCTION LOCATION

Held on site.

PROPERTY DESCRIPTION

This 3 bedroom country home is ready for you. Recently remodeled, central air, 32 ft. x 24 ft. attached garage with concrete approach will welcome you home. Beautiful 21 ft. x 13 ft. stamped concrete patio provides a great place to relax. The concrete shop area and plenty of storage will give you room for hobbies of any kind. Come and inspect the potential!

EQUIPMENT & PERSONAL PROPERTY

25 TRACTORS - PLOWS - DISCS - ATTACHMENTS

1977 IH 1586 tractor, CHA, 20.8x38 hub duals, 3 pt, dual remotes, 1000 pto, shows 3560 hrs.

1965 IH 706 diesel tractor, NF, 15.5x38 tires, 2 pt, 1 remote, dual pto

1962 Farmall 560 gas tractor, NF, 15.5x38 tires, 2 pt, pto

1966 IH 504 gas tractor, WF, 13.6x38 tires, 1 remote, pto, front & rear weights

1963 IH 504 utility tractor, gas, 2 pt, dual ram loader

1957 Farmall 450 gas tractor, NF, 15.5x38 tires, 2 pt, 1 remote

1958 Farmall 350 diesel tractor, NF, power steering, New 13.6x38 tires, pto, 1 remote

1955 Farmall 300 gas tractor, 136.x38 tires, 2 pt, 1 remote

1953 Farmall Super M gas tractor, NF, 13.6x38 tires, fenders

1951 Farmall Super C tractor, NF, fenders

1949 Farmall C tractor, NF, fenders

Farmall F-20 tractor

1973 Oliver 1655 gas tractor, WF, 16.9x34 tires, dual remotes, pto

1968 AC 170 gas tractor, WF, 16.9x28 tires, 3 pt, pto, 1 remote

1958 AC D-17 gas tractor, WF

1959 AC D-17 gas tractor, NF, belt pulley

1955 AC WD45 tractor, WF, 14.9x28 tires

1951 AC WD tractor, NF, 13.6x28 tires

AC C tractor, NF, rear pulley

John Deere 2010 gas tractor, WF, 13.6x28 tires, 3 pt, pto

Ford 4500 gas backhoe loader tractor

1959 Ford 801 Select-O-Speed tractor, WF, 14.9x28 tires, 3 pt, pto

Massey Harris 44 tractor, NF, 13.6x38 tires, belt pulley

1951 MM Z tractor, NF, fenders

SATOH S 650 G gas tractor, 3 pt, pto

IH 3 btm, 2 pt plow

IH 2 btm, 2 pt plow

IH 2 btm pull type on steel

JD 3 btm pull type plow

AC 3 btm snap couple plow

MM 2 btm pull type plow

5 shank V-ripper

10 ft. Oliver wheel disc

8 ft. wheel disc

2 sec spike harrow

Bush Hog TH72 finish mower, 3 pt

(2) 6 ft. & 5 ft. rotary mowers, 3 pt

7 ft. Corsicana 2 pt blade

6 ft. & 7 ft. 3 pt blades

3 pt boom

5 1/2 ft. Gill 3 pt, grader box

3 pt 110 gal. sprayer

2006 CHEVROLET 2500 HD PICKUP 2000 BUICK LESABRE - 88 FORD F-250 PICKUP - HIS 1800 GRAIN TRUCK - NH LX 655 SKID LOADER - (6) TRAILERS - KAWASAKI 3010 MULE - POLARIS 250 4 WHEELER - GOLF CART - LAWN MOWERS - M&W DYNAMOMETER CONCRETE FORMS

2006 Chevrolet 2500 HD pickup, LS, 4x4, alum. tool box, gooseneck & bumper hitches, ONLY 39,918 miles

2000 Buick LeSabre custom automobile, loaded, 4 door, 86,643 miles

1989 Ford F-250 pickup, Lariat, gas, shows 86,485 miles

1980 IH S 1800 straight truck, diesel, 5 sp 2 sp, 16 ft. Knapheide bed & hoist

1994 New Holland LX 655 diesel skid loader, w/ 66 in. material bucket

NH pallet forks

66 in. dirt bucket

6 ft. Eel River works rock bucket

E&W 20 ft. x 7 ft. gooseneck tandem trailer w/ ramps

20 ft. x 8 1/2 ft. gooseneck tandem trailer w/ ramps

14 ft. x 7 ft. Nomanco tandem trailer w/ ramps

15 ft. Cronkite tandem trailer w/ ramps

14 ft. Wells Cargo enclosed trailer w/ rear ramp & side door

12 ft. x 7 ft. single axle trailer w/ ramp

Kawasaki 3010 diesel mule, cab enclosure, snow blade, 721 hrs.

Polaris 250 4-wheeler, 4x4, PVT transmission

Melex elec. golf cart w/ charger

APC chopper mini-bike

Howard Price Turf Blazer 727 diesel, front deck mower, 1281 hrs.

IH Cub Cadet 682 lawn tractor w/ mower

Cub Cadet 1250 hydro lawn tractor

Cub Cadet 102 lawn tractor

IH mower decks

JD 60 lawn tractor w/ mower

Wheel Horse B-80 lawn tractor

Case 108 lawn tractor w/ mower

Montgomery Wards Hydrostatic 16 lawn tractor w/ 4 ft. sickle bar

M&W FR 1000 hydra-gauge, pto, dynamometer

Advance 4 ft. concrete forms, approx. 475 ft. (good condition)

concrete form stakes

concrete bull floats

Muller portable mortar mixer

TRACTOR PARTS & ACCESSORIES - QUALITY SHOP TOOLS OF ALL KINDS - COLLECTIBLES & HOUSEWARES - GUNS

18.4x28 tires, AC spin out rims, good rubber

12x26 tires, AC spin out rims

38 in. T-rail dual rims

various tractor tires & rims

(22+/-) IH circle weights

(12) AC suitcase weights

assorted tractor weights, AC, MM

(2) IH fast hitch assemblies

fast hitch draw bar

IH 560 fenders

Schwartz wide front end

IH, AC and various assorted tractor parts

Ingersoll-Rand 60 gal. vertical air compressor, 220V

Coleman Powermate 6311 portable air compressor

Craftsman 1 hp, 2 gal., portable air compressor

Forney Welder

Clarke Weld 100 E wire feed, welder, 110 V

acetylene torch, tanks, cart

(2) Craftsman 13 drawer tool chest

Craftsman 1/2 in. drill

air & power tools

Cummins 5 sp bench drill press

DeWalt HD grinder

Delta & B&D bench grinder

Craftsman 18V, DeWalt 12V cordless drills

Sears battery charger booster

Allison 6 amp battery charger

Instant Power battery booster

Craftsman 8 & 6 gal. shop vacs

Clark 20 gal. abrasive blaster

R&D parts cleaner

Hall valve refacer

8 ton floor crane

engine stand

floor & bottle jacks

screw jacks

(2) Handy Man jacks

jack stands

Henderson tire changer

portable air tank

Hitachi saws all

Chicago chop saw

Craftsman router

router table

pipe vise & stand

Rigid pipe threader

Generator w/Honda motor

8 hp Briggs gas motor

Welding bench w/ vise

work bench w/vise

welding clamps, c-clamps

log chains & binders

pipe bender

gear wrench set

hand tools, sockets of all kinds

misc. steel stock

bolt bin & contents

assorted lumber

30 ft. alum. & 20 ft. wood ext. ladders

step ladders

10 ft. alum. break

gas cans

JD moisture tester

Stihl 028 AV super chain saw

Stihl 018C chain saw

Craftsman & McCulloch chain saws

Green Machine weed eater

roto-tiller

lawn fert. spreader

2 bicycles

old toys

wooden dry sink

cedar chest

milk can

full size bedroom suite

chest dresser

drop front bookcase

kitchen table w/ 4 chairs

computer desk

wooden rocker

marble top stand

Lazy Boy sofa

(2) upholstered rocker recliners

upholstered love seat

entertainment cabinet

JVC 32 in. television

Gibson small chest freezer

Jenn-Air washing machine

Kenmore elec. dryer

Canon BIC 2000 printer

Hoover vacuum

table lamps

Coleman gas lantern

Simmons binoculars

Kreissl cross country skis

Remington Wingmaster 870 12 ga pump

Newport 20 ga single shot

Glenfield Mod. 10, 22 cal, bolt auction

Italian Mod. 50 cal. black powder

Ruger 10/22 .22 LR rifle w/ scope

Smith & Wesson Mod. 622 pistol

Ruger Security-Six .357 magnum

AREA MAP

TRACT MAP(S)

Tract map - Donald Smith Estate Real Estate and Personal Property Auction

REAL ESTATE AUCTION TERMS & CONDITIONS:

PROCEDURE: The property will be offered as a total 2.7-acre unit.

DOWN PAYMENT: 5% down payment on the day of auction. 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 PRICE: The successful bidder will be required to enter into a Purchase Agreement at the auction site immediately following the close of the auction. The final bid price is 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 a Warranty or Applicable 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 and Seller.

POSSESSION: Possession is at closing.

REAL ESTATE TAXES: Real estate taxes will be pro-rated to the 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 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 acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal description 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.

PERSONAL PROPERTY TERMS: Cash or check with proper I.D. Lunch Available. Not responsible for accidents.