From Auburn, Indiana travel west on I-69 on HWY 8 approximately 1/3 mile to CR 19, turn north on CR 19 and go 1 1/4 miles crossing CR 40. Property on east side, see signs.

Middaugh Hall, Dekalb County Fairgrounds on Union Street, 4 blocks south of Highway 8 (7th Street).

TRACT 1: 21.269 acres. The largest of the 2 tracts is nearly level tillable cropland with a 100' wide owned access to CR 19 and an approved building site. Tract is bordered by woodland along the east property line.
TRACT 2: 18.255 acres. Contains 2 storm water retention ponds and a county regulated tile drain at the southwest corner of the lot. A nice building location is possible at the northeast quarter of the lot. *Buy now and build later. Own income producing cropland, until youre ready to build. (Note: The 2008 crop will go to the current tenant.)
Soil Types: Blount-Pewamo-Glynwood Deep, moderately well drained to poorly drained level to gently sloping silty clays and loamy soils on till plains and moraines.
Please note: The terms "tract" and "lots" are interchangeable.

PROCEDURE: This property will be offered in 2 individual tracts, any combination of tracts, or as a whole 40 acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts and tract combinations may compete.
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 owners' 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, 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.
CLOSING: The balance of the purchase price is due at closing, which will take place within 15 days from delivery of marketable title. Costs for an administered closing shall be shared 50:50 between Buyer(s) and Seller.
EVIDENCE OF TITLE: Seller shall provide an owner's title insurance policy in the amount of the purchase price.
POSSESSION: Possession of land is at closing subject to tenants rights.
REAL ESTATE TAXES: Real estate taxes shall be prorated to the day of closing.
SURVEY & ACREAGE: All tract acreages, dimensions and boundaries have been surveyed by Michael C. Kline Associates, Inc. and are shown in the subdivision plat known as "Allen Subdivision". See plat map.
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.