AUCTION IS OVER

• Productive Tillable Land • Potential Building Sites • Woods with Creek • Excellent Location

OPEN HOUSE/INSPECTION DATES

Tues., Sept. 13, 4-6 PM & Mon., Sept. 26, 4-6 PM
Meet Schrader Rep. at Tract 2.

PROPERTY LOCATION

From Huntington 24 Bypass & St. Rd. 5, travel east on 24 approximately 4.2 miles to Old Fort Wayne Rd., turn left (north) and travel 2 miles to property.
From Roanoke Vine St. (900N) travel west approximately 2 miles to Old Fort Wayne Road, turn left (south) approximately 2.3 miles to property.

AUCTION LOCATION

American Legion Roanoke, 1122 North Main St., Roanoke, IN 46783.
Directions to Auction Location: From (Downtown) Roanoke Vine St. (900N) 4 way stop, travel east on Main St. 1 mile to auction site.

PROPERTY DESCRIPTION

Bid on individual tracts, combination of tracts or the whole property, whichever fits your needs.
Do not miss this opportunity to own land in this location.

TRACT DESCRIPTIONS

Tract 1: 37± ac with 33+/- tillable per FSA. This tract has road frontage on Co. Rd. 700N and Old Fort Wayne Road. An excellent income producing tract.

Tract 2: 14± ac with 3.5+/- tillable per FSA. This tract has road frontage on Old Fort Wayne Road and Co. Rd. 675N. This tract would be an excellent rolling building site with Bull Creek at the south end of tract.

Tract 3: 14± ac with 12.03+/- tillable per FSA. This tract has road frontage on Co. Rd. 675N and 200E.

Tract 4: 9± ac Swing Tract with 5.86+/- tillable per FSA with easement access off of Old Fort Wayne Road for farming. This tract can be bid on by an adjoining landowner or combined with tracts 2 and 3 for your own recreation piece with income, along Bull Creek.

AREA MAP

TRACT MAP(S)

Tract map - LAND AUCTION, 74+/- Acres in 4 Tracts

SOIL INFORMATION

Soil map - LAND AUCTION, 74+/- Acres in 4 Tracts

PLAT MAP(S)

Plat map - LAND AUCTION, 74+/- Acres in 4 Tracts

PROCEDURE: This property will be offered as 4 tracts or a whole 74+/- acre property. 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.

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, 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.

CLOSING: The balance of the purchase price is due at closing, which shall take place on or before November 15, 2011. Closing costs for an administered closing shall be shared 50:50 between Buyer(s) and Sellers. EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.

DEED: Seller shall provide appropriate Deed(s).

POSSESSION: Possession shall be at closing, subject to tenants rights for the 2011 crops.

REAL ESTATE TAXES: Buyer shall assume the 2012 real estate taxes due in 2013. Buyer shall assume any Ditch Assessments due in 2012 and thereafter.

ACREAGE: All tract acreages, dimensions and proposed boundaries are approximate and have been estimated based on aerial photos and the current legal description.

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, if any.

SURVEY: If the property is sold as a whole, existing legal description will be used. No new survey will be done. If any new tract divisions are made, a new survey will be split 50/50 between the buyer and 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 an AS IS, WHERE IS basis, and no warranty or representation either expressed or implied, concerning the property is made by the Sellers or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conduction 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 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 to the persons credentials, fitness, etc. All decisions of the Auctioneer are final. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE.

STOCK PHOTOGRAPHY: Some photography is used for illustrative purposes.