AUCTION IS OVER

• Stately Home on 2.5 Acres • Lake Twp., Warsaw Schools

OPEN HOUSE/INSPECTION DATES

Saturday, March 27,2010 12:00 PM thru 02:00 PM
Tuesday, March 30,2010 04:00 PM thru 06:00 PM

PROPERTY LOCATION

4 Miles east of State Road 15 in Silver Lake or miles 4 west of State Road 13 on State Road 14.

AUCTION LOCATION

On site.

PROPERTY DESCRIPTION

1162 E State Road 14, Silver Lake, IN Turn of the Century Brick, two story colonial style, 5 bedroom, 2864 square foot home with 2 and a half baths, wood floors, and vinyl replacement windows. Home features kitchen, living room, family room, dining area, laundry room and office or library with gas log fireplace. All appliances stay with the home. This home has two furnaces, newer water heater and a Kinetico water softener. This home had a new addition in 2000 including a two car attached garage. Barn with new roof, storage building and small building great for hobbies or children's play house. Room for horses or 4-H projects. If you are looking for a home for your family to grow or a place for your antiques, this is a rare find! Parcel ID: 035-047-003.

TRACT DESCRIPTIONS

Tract 1: 2.5± ac Stately home on 2.5 acres.

AREA MAP

AREA MAP(S)

Area map - Stately Country Home on 2.5 Acres

PROCEDURE: There will be open bidding during the auction as determined by the auctioneer. The property will be sold in the manner resulting in the highest total sale price.

DOWN PAYMENT: 5% of the accepted bid as down payment on the day the auction with balance in cash at closing. The down payment may be 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.

DEED: Seller will provide a warranty deed.

EVIDENCE OF TITLE: Seller will provide title insurance in the amount of the purchase price.

CLOSING: Closing shall take place 15 days after proof of merchantable title.

POSSESSION: 30 days after closing.

REAL ESTATE TAXES: Pro-rated to day of closing.

SURVEY: There shall be no new survey as the property has an existing legal description.

EASEMENTS: The sale of the property is subject to any and all easements of record. A perimeter tile drainage easement shall be given to buyers of building sites and existing homes.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is 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 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, inquires, 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. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including a warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company 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.