8-1/2 mi. north of New Castle or 10 mi. south of Muncie, IN. From New Castle north on Hwy. 3 to Co. Rd. 800N then right 1/2 mi.

Henry Co. Memorial Park, 2221 N. Memorial Dr., W.G. Smith Auditorium. Hwy. 3. 1 mi. north of intersection Hwy. 38 and Hwy. 3

Tract 1: 34 acres with 31 acres cropland. Cyclone soils. Nearly 1,000 ft. of frontage on Co. Rd. 100E.
Tract 2: 6 acres woodland and pasture. Est. 654 ft. of frontage on Co. Rd. 100E.
Tract 3: 28 acres with a 3 acre lake, 6 acres cropland and 19 acres pasture. 28' x 36' pole barn with concrete floor and semi doors. Frontage on Co. Rd. 800N and Co. Rd. 100E. Great place to build your mini farm.
Tract 4: 50 acres with 30 acres pasture, 18 acres cropland and complete farmstead. Remodeled farmhouse, 30' x 50' heated shop, 5 barns and 5 bins with 18,000 Bu. total storage. Mobile home included. Fenced and really nice layout for livestock.
Tract 5: 6 acres pasture and woods on hill. Beautiful spot and fenced.
Tract 6: 30 acres all cropland. Frontage on Co. Rd. 750N and Co. Rd. 175E.
Tract 7: 48 acres with 45.5 acres cropland. Almost 1/4 mile of frontage on Co. Rd. 800N. Buy with Tract 6 or separately.

PROCEDURES: The property will be offered in 7 individual tracts, any combination of tracts, or as a total 202 acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete.
DOWNPAYMENT: Real Estate 10% down payment on the day of the auction with the balance in cash at closing. The down payment may be made in the form of cash; 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: 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: Sellers shall provide an owner's title insurance policy in the amount of the purchase price.
DEED: Sellers shall provide a Warranty Deed.
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 est. on or before December 15th.
POSSESSION: Cropland at closing subject to crop removal. Building and pasture on January 31, 2009.
REAL ESTATE TAXES: Seller to pay all taxes assessed in 2007 payable 2008. Buyer to pay all taxes thereafter. Taxes estimated at $4,995.08 per year (2008).
ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions.
SURVEY: A new survey will be made where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. 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 acreage's.
FSA INFORMATION: Total 133.9 acres cropland. Corn base of 52 acres with yield of 104 Bu., and Soybean base of 62.9 acres with yield of 37 Bu.
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 and 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 "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. 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 Sellers or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Sellers and Selling Agents reserve the right to preclude any person from bidding if there is any question as the person's credentials, fitness, etc. All decision of the Auctioneer is final. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. AUCTION COMPANY OR OWNER NOT RESPONSIBLE FOR ACCIDENTS.