Travel 4 miles north of Kendallville on St. Rd. 3 to 1125 N, then east 2 miles to 1000E, then north 1/4 mile to the property.

At the log cabin building at the Noble County Fairgrounds on the east side of Kendallville on St. Rd. 6.

TRACT 1: 7+/- acres including the pond, young trees and warm season grasses. Consider the building site potential in the East Noble School district. Approximately 440' of frontage on 1175N and 720' of frontage on 1000E.
TRACT 2: 6+/- acre site with young trees, warm season grasses and bordering the woodland. Approximately 350' of frontage on 1175N. Consider the potential just outside of Kendallville.
TRACT 3: 8+/- acres with young trees and wetland ponds. A great setting with approximately 475' of frontage on 1000E.
TRACT 4: 12+/- acre "swing" tract with multiple wetland ponds and young trees. This swing tract must be combined with an adjoining tract. Consider combining with Tract 3 for a wonderful building site or Tract 5 for a great setting with the home. This tract includes the overlook platform. Approximately 500' of frontage on 1000E.
TRACT 5: 15+/- mostly wooded acres including the spacious 4,330 sq. ft. pole/frame combination home with 26'x30' attached garage. Also included is the 11.5'x19.5' log cabin with wood stove, portable shed, gazebo with 10.5' circumference, and outhouse that is connected to septic system. Be sure and come to an inspection and view the incredible opportunity this home provides. 11450 N 1000 E, Kendallville, IN 46755.
TRACT 6: 11.4+/- acre "swing" tract including the mature woods and great trail system. This "swing" tract must be purchased in combination with Tract 5 or Tract 7 or by an adjoining landowner.
TRACT 7: 49+/- acres including the great wildlife habit of woodland, wetland ponds, young trees and warm season grasses. Whether you hunt deer, pheasant, rabbit or water fowl - or all of them - this tract provides a once in a lifetime opportunity. East Noble Schools!

PROCEDURE: The property will be offered in 7 individual tracts and as a total 108.4-acre unit. There will be open bidding on tracts and the tract combinations (subject to "swing" tract limitations) during the auction as determined by the Auctioneer. Bids on individual tracts, tract combinations and the total property may compete.
DOWN PAYMENT: 10% down payment on the day of auction for bare land. 5% down payment on the day of auction for the home tract or any combination of tracts including the home. 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: 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 the Sellers' 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).
DEED RESTRICTIONS: The following deed restrictions shall apply if the property sells in multiple tracts: All homes must be built to the Indiana 1 & 2 Family Dwelling Code. (This would exclude all mobile homes and typical doublewide modular homes.) The minimum square footage (exclusive of garages, basements and porches) on single story homes shall be 1,400 square feet. The minimum square footage on 1-1/2 story homes shall be 1,600 square feet. The minimum square footage on 2 story homes shall be 1,800 square feet. All homes must have no less than a 5/12 roof pitch and no less than a two-car, attached garage.
PERIMETER DRAIN TILE EASEMENT: Easement access will be provided over tracts in this property for perimeter drain tile outlets if perimeter drain tile outlets beyond each individual tract are required by the Noble County Health Department.
CLOSING: The balance of the purchase price is due at closing, which will take place within 15 days of presentation of insurable title. Costs for an administered closing shall be shared 50:50 between Buyer(s) and Seller.
POSSESSION: Possession will be at closing on bare land, subject to the CRP program. Possession of the home will be 60 days after closing.
REAL ESTATE TAXES: Seller will pay real estate taxes due 2009. Buyer will pay all taxes thereafter.
PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquires and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Bidder's safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.
ACREAGE: All tract acreages, 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 new boundaries are created by the tract divisions in this auction. Any need for a new survey shall be determined solely by the Seller. 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 Seller's option and sufficient for providing title insurance. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres, if a new survey is determined to be necessary by the Sellers other than Tract 5 or any combination including Tract 5.
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.
STOCK PHOTOGRAPHY: Some wildlife photos are for illustrative purposes only.