87.6+/- Acres Offered in 4 Tracts

Warren County, Ohio - 6 Miles From Lebanon

Owner: Estate of Lois K. Brandenburg, Warren County Probate Court Case No. 20091168, and the Estate of Chalmer E. Brandenburg, Warren County Probate Court Case No. 20051344, Michael Charlton, Executor, Michael E. Foley, Attorney, 258 Miami St., Box 429, Waynesville, OH 45068, 513-897-1080. Thu, Mar 3, 2011 EASTERN

AUCTION IS OVER

• Productive Tillable Land • Potential Building Sites

OPEN HOUSE/INSPECTION DATES

Thursday, February 17, 3:30 from 5:30 PM
Meet a Schrader Representative at Tract 1.

PROPERTY LOCATION

From the center of Lebanon at the Golden Lamb Restaurant, travel north on State Route 48 (North Broadway Street) 3.5 miles to State Route 122, turn left (west) and travel 1 mile to Springboro Road. Turn right (north) and go 1.8 miles to the property. Watch for signs.

AUCTION LOCATION

Warren County Fairgrounds/Lebanon Raceway, 665 North Broadway Street, Lebanon, Ohio 45036. From the center of Lebanon at the Golden Lamb Restaurant, travel north on State Route 48 (North Broadway Street) 1 mile to the fairgrounds. Go to the Exhibit Hall A Building. Watch for signs.

PROPERTY DESCRIPTION

For the Farmer - Prime tillable land with easy access.
The open ditch provides a good drainage outlet.
An excellent addition to any present farming operation.

The predominate soil types are Dana Silt Loam and Xenia Silt Loam.
FSA and Tax information available upon request.
Clearcreek Township, Springboro Community School District

For the Investor - A rare opportunity
to bid your price on bare land in a great location.

TRACT DESCRIPTIONS

Tract 1: 12± ac tillable land with approximately 465 ft. of frontage along Springboro Road.

Tract 2: 12.1± ac tillable land with approximately 475 ft. of frontage along Springboro Road.

Tract 3: 49.7± ac of mostly tillable land with approximately 525 ft. of frontage along Springboro Road.

Tract 4: 13.8± ac of mostly tillable land with approximately 910 ft. of frontage along Springboro Road.

AREA MAP

TRACT MAP(S)

Tract map - 87.6+/- Acres Offered in 4 Tracts

SOIL INFORMATION

Soil map - 87.6+/- Acres Offered in 4 Tracts

AREA MAP(S)

Area map - 87.6+/- Acres Offered in 4 Tracts

PROCEDURE: The property will be offered in 4 individual tracts, any combination of tracts and as a total 87.6 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.

DOWN PAYMENT: 10% down payment on the day of auction for individual tracts or combinations of tracts. The down payment may be made in the form of 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: Successful bidder(s) will be required to enter into purchase agreement at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers' acceptance or rejection.

EVIDENCE OF TITLE: The Seller agrees to furnish Bidders an attorney's title opinion to review. If Buyer(s) elect to have title insurance, the entire cost of the owners title insurance will be the responsibility of the Buyer(s). Seller agrees to provide merchantable title to the property subject to matters of record, general conditions of title, and similar or related matters. All tracts sold "AS IS".

DEED: A fiduciary deed will be delivered at closing.

CLOSING: Closing shall take place 30 days after auction date, or as soon thereafter as applicable closing documents are completed.

POSSESSION: At closing.

REAL ESTATE TAXES: Seller will pay all 2010 real estate taxes due in 2011. The buyer will assume all 2011 taxes due in 2012 and thereafter. If usage is changed, the Buyer is responsible for CAUV Recoupment.

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 shall share survey expense 50:50.

FSA INFORMATION: Contact Auction Company for farm number and farm bases.

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 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 person's credentials, fitness, etc. All decisions of the Auctioneer are final.

Stock Photography: Some photos used for illustrative purposes only.

ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE