From the intersection of SR 9 and CR 900 N, 1/2 mile south of Rome city, travel east on CR 900 N (becomes Limerlost Road) 1 3/4 miles to the property -or- From the intersection of SR 6 and CR 450 E, 3 miles west of Kendallville, travel north on CR 450 E 1-1/2 miles to the property.

At the Log Cabin Building at the Noble Co. Fairgrounds on the east side of Kendallville on St. Rd. 6.

TRACT 1: 16+/- acres mostly wooded lot cornering on Limberlost Rd. (CR 850N) and Eastgate Dr. with combined frontage of approximately 1,600ft. This beautiful tract includes over 800 ft. of lakefront. This tract must be bid on individually and cannot be combined with other tracts.
TRACT 2: 6+/- acre potential building site with access off of Eastgate Dr. Approximately 950 ft. of combined road frontage.
TRACT 3: 5+/- acre "Swing Tract" partially wooded potential building site. Access from Eastgate Dr. with approximately 350 ft. of frontage.
TRACT 4: 6+/- acre potential building site. A beautiful wooded setting! Access from Eastgate Dr. with approximately 500 ft. of frontage.
TRACT 5: 40+/- acre tract with approximately 0.5 acre of land offering access to Sylvan Lake. Access off of Eastgate Dr. with 150+/- ft. of lakefront.
TRACT 6: 10+/- acre tract with future development potential - partially wooded with great road frontage (approx. 1,000 ft.) on Eastgate Dr.
TRACT 7: 27+/- acre mostly tillable tract with access on Eastgate Dr. Primarily Riddles and Miami soils. Approximately 160 ft. of road frontage.
TRACT 8: 45+/- acre mostly tillable tract including the gravel drive off of Eastgate Dr. Primarily Fox and Boyer soils. Approximately 170 ft. of road frontage.
TRACT 9: 3+/- acres potential building site with approximately 300 ft. of frontage on Eastgate Dr.
TRACT 10: 23+/- acres mostly wooded tract with 1,900+/- continuous feet of Sylvan Lake frontage on 3 sides. A one of a kind setting of this size on Sylvan Lake! Approximately 150 ft. of road frontage on Eastgate Dr.
TRACT 11: 60+/- acre mostly wooded tract with combined 2,000+/- ft. of great lakefront and potential home site! 20+/- acres of land. Imagine the possibilities! Approximately 150 ft. of road frontage on Eastgate Dr.
Tracts 1 - 11: Private sewer is available.
TRACT 12: 25+/- acres mostly tillable with improved access way off of Limerlost Rd. Primarily Riddles soils. Approximately 650 ft. of road frontage.
TRACT 13: 3+/- acre old home site along Limerlost Rd. Approximately 425 ft. of road frontage.
TRACT 14: 35+/- acre mostly tillable tract with approximately 1,200 ft. of road frontage on Limerlost Rd. Primarily Cosco and Fox soils. Tracts 15 - 17 are swing tracts. Only an adjoining landowner can bid on these tracts without combining them with other tracts providing access.
TRACT 15: 50+/- acre "swing" tract of mostly tillable land. Primarily Fox, Boyer & Riddles soils.
TRACT 16: 40+/- acre "swing" tract of mostly tillable land. Primarily Boyer and Fox soils.
TRACT 17: 40+/- acre "swing" tract of mostly wooded land including approximately 3,000 ft. of waterfront!

PROCEDURE: The property will be offered in 17 individual tracts and as a total 434-acre unit. There will be open bidding on tracts, tract combinations and the total property (other than Tract 1 and subject to "swing" tract limitations) during the auction as determined by the Auctioneer. Bids on individual tracts, combinations and the total property may compete.
DOWN PAYMENT: 10% down payment on the day of auction. 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).
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 subject to farm tenant's rights to harvest growing crop.
REAL ESTATE TAXES: Seller to pay 2008 real estate taxes due in 2009. Buyer to 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.
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 used for illustrative purposes only.