AUCTION TERMS & CONDITIONS: PROCEDURE: The property will be offered in 2 individual tracts or as a total 32± acre unit. There will be open bidding on both tracts and the entire 32 acres during the auction as determined by the Auctioneer. DOWN PAYMENT: Real Estate 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, 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 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: Seller shall provide an
owner’s title insurance policy in the amount of the purchase price. DEED: Seller shall provide Warranty Deed(s). 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(s) will pay all taxes beginning with those due May 2015, and all taxes thereafter. ACREAGE: All boundaries are approximate and have been estimated based on aerial photos. SURVEY: A new survey will be made. Buyer(s) and Seller will share survey expense 50:50. Combination purchases will receive a perimeter survey only. Closing prices will be adjusted to reflect any differences between advertised and surveyed acreages. 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. 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 & 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. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
950 North Liberty Dr., Columbia City, IN 46725 260-244-7606 • 800-451-2709
[email protected] AUCTION MANAGER: Gary Boggs • 260-244-7606
#AC63001504, #AU01005815, #AU09200182
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244-7606 • 800-451-2709 www.SchraderAuction.com
ONLINE BIDDING AVAILABLE
2 miles Southwest of Columbia City
Auction Held on Site LOCATION: 4 blocks west of the Court House to Old Trail Road, then 1½ mile southwest to Whitley Road, then ¼ mile southwest to property. TRACT 1: 3 Acre potential building site with 300’ of frontage on Whitley Road only 2 miles from Columbia City. TRACT 2: 29 Acres with 26 tillable acres of mainly Pewamo, Haskins, & Glynwood soils.
ONLINE BIDDING AVAILABLE
You may bid online during the auction at www.schraderauction.com. You must be registered One Week in Advance of the Auction to bid online. For online bidding information, call Kevin Jordan at Schrader Auction Co. - 800-451-2709.
DON’T MISS THIS OPPORTUNITY! OWNER: Doris M. Saylor AUCTION MANAGER: Gary Boggs
260-244-7606 1-800-451-2709
www.schraderauction.com
SOIL TYPES Symbol
Soil Name
Pw
Pewamo silty clay loam
HbA
Haskins loam
MxC3
Morley clay loam
BmA
Blount silt loam
GsB2
Glynwood loam