AUCTION IS OVER

• Real Estate Auction on Thursday, April 21 @ 6PM • 35+/- Acres offered in 3 Tracts • Excellent Livestock Property • Indoor horse arena • Large Pole Barn • Pastures • Woods • Potential Building Sites • Livestock & Shop Equipment Auction on Saturday, April 23 @ 10AM • Mowers • Trailers • Farm Implements • Livestock Equipment • Shop Equipment

OPEN HOUSE/INSPECTION DATES

Monday, April 4 from 3-6pm
Sunday April 10 from 2-4pm
Meet a Schrader Rep. on Tract 1

PROPERTY LOCATION

9312 Whippoorwill Drive, Fort Wayne, Indiana

AUCTION LOCATION

Held Onsite

TRACT DESCRIPTIONS

Tract 1: 17.4± ac with access off of Whippoorwill Drive. This tract includes the following buildings: A 40 ft. x 66 ft. metal pole building with complete concrete and electric. It has a 14 ft.H x 18 ft.W overhead door on the side with concrete apron and a 20 ft.W x 14 ft.H overhead door on end. There is a 9 ft. x 12 ft. interior room. There are 3 exterior high overhead spotlights on the back overlooking paddock area. There is a concrete, fuel / chemical containment area in front of building. A 60 ft. x 95 ft. metal indoor arena with outdoor lean to over stall area. The arena has a 15 ft.W x 16 ft.H slidingdoor on each end. There is a 24 ft. x 24 ft. and 24 ft. x 36 ft. metal and wood run-in(s) with interior 4 ft. kick walls. Both are concrete and one has an 85 ft. concrete feed lot as part. Both have electric and are 14 ft. high interior. There are 2 Jug livestock waterers with concrete pads in the pastures. A 12 ft. x 24 ft. wooden and metal run in shed. There are (2) concrete base 30 ft. high metal flood lights out in the back pastures. There are approximately 10 acres of pasture land on this tract and 4 acres of woods.

Tract 2: 10.5± ac This Tract has nearly 300 front of road frontage off of Lower Huntington Road. It is mostly pasture with approximately 1 acre of woods on the south end. This tracts elevation rolls up from the road then slopes downward toward the back. A beautiful scenic view from a small summit in the center of the tract offers an excellent potential home site.

Tract 3: 7± ac SWING TRACT. This tract is all wooded and is situated adjacent to the south end of Tract 2. It can only be bid on separately by an adjacent owner or in combination with either Tract 1 or 2. This tract offers a private hunting or recreation area.

AREA MAP

TRACT MAP(S)

SOIL INFORMATION

AREA MAP(S)

PROCEDURE: The property will be offered in 3 tracts, and combination of the tracts, subject to Swing Tract rules. Tract 3 can be bid on separately only by an adjacent land owner or in combination with Tract 1. There will be open bidding on all tracts and the combinations during the auction as determined by the Auctioneer. Bids on each tract and the combination may compete.

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 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.

ACCEPTANCE OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auctions site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.

EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.

DEED: Seller shall provide a Warranty Deed(s).

CLOSING: The balance of the purchase price is due at closing, which will take place within 30 days of the auction. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.

POSSESSION: Possession shall be on day of closing, immediately following the closing.

REAL ESTATE TAXES: The Real Estate taxes shall be pro-rated to the day of closing.

ACREAGE: All tract acreage, dimensions and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.

SURVEY: The Seller shall provide a new survey where there is no existing legal description or where the tract divisions in this auction create new boundaries. Solely the Seller shall determine any need for a new survey. Seller and successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Combination purchases will receive a perimeter survey only.

AGENCY: Schrader Real Estate and Auction of Fort Wayne, LLC 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 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. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conduct of his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure is subject to verifications by all parties relying on it. The Seller or the Auction Company assumes no liability for its accuracy, errors, or omissions. Conduct of the auction and increments of bidding are at the 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 persons 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.

Auction Brochure

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