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FARMLAND AUCTION - 334+/- ACRES ON 6 TRACTS IN WAYNE COUNTY
Thu, Nov 5, 6:00 PM
Southeast Indiana, between Cambridge City & Connersville

Owner: Earlham College

SOLD FOR $1,940,000

• Cropland • Woodland • Pretty Farm Homestead • 294 USDA Crop Acres • 22 Acres Classified Forest • Contiguous Tracts / Great Location • Druley Family Farm for Over 100 Years • Frontage on State Hwy. and 2 County Roads • 1870 Remodeled Farmhouse in Attractive Setting with Newer Attached 2 Car Garage • Good 40 ft.x107 ft. Pole Barn • Driving Distances: • 6 miles North of Connersville 9 mi. South of I-70 & Hwy. 1 Exit 12 miles West of Richmond Dayton, OH - 35 miles Cincinnati, OH - 60 miles Indianapolis, IN - 65 miles • TO BE HELD AT NEW AUCTION SITE, SEE BELOW

OPEN HOUSE/INSPECTION DATES
Saturday, October 3rd @ 9-11 AM
Saturday, October 17th @ 9-11 AM
Saturday, October 24th @ 9-11 AM
Day of Sale @ 3-4 PM

PROPERTY LOCATION
6652 SR 1, Milton, IN. From I-70 and State Hwy. 1 south thru Cambridge City and Milton (about 9 mi.) to Bentonville Rd. on the west side or 6 mi. north of Connersville on Hwy. 1. Sec. 23 & 24, Washington Twp. (15N R12E)

AUCTION LOCATION
Community Bible Church, 4141 Nickel Plate Rd., Milton, Indiana
Directions: 1 mile south of Milton on Hwy. 1 or 2-1/2 miles south of Hwy. 1 and Hwy. 40 (watch for Sign entering curve at Nickel Plate Rd.). Turn on Nickel Plate Rd. across from G&G Fishing Lakes.

TRACT DESCRIPTIONS
Tract 1: 45± ac with about 43 acres cropland. Frontage on St. Hwy. 1 and Bentonville Rd. 1.75 acres pasture east of the railroad. Good drainage outlet.

Tract 2: 113± ac all cropland. Nice tract all in one field. About 1,439 ft. of frontage on Bentonville Rd. Buy with Tract 1 or with other combination. Nice tract.

Tract 3: 10± ac with pretty circa 1870 1½ story farmhouse with about 1,920 sq. ft., new kitchen, new windows, full basement and 2 car attached garage. Some original woodwork. 40 ft. x107 ft. pole barn with part concrete floor. 3 other barns, 2 bins with about 9,500 Bu. storage. Fenced pasture. What a great setting.

Tract 4: 24± ac (Swing Tract) all cropland. Some fence here too. Has been in hay. Buy with Tract 3 and make a nice place in the country or Tract 2 for more cropland.

Tract 5: 47± ac with about 24 acres cropland and 22 acres in Classified Forest woodland. Nice stream. Some good fence. Great recreation tract too.

Tract 6: 95± ac acres with about 92 acres cropland. Lots of good Xenia and Fincastle soils. Drainage outlet crosses farm. Over 1/2 mi. frontage on Crawford Rd.


SOIL INFORMATION

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PROCEDURES: The property will be offered in 6 individual tracts, any combination of tracts, or as a total 334 acre unit. Tract 4 must be purchased in combination with other adjoining tracts or landowner with access. 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.

DOWN PAYMENT: 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 Sellers acceptance or rejection.

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

DEED: Sellers shall provide Corporate 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. by 12/30/15.

POSSESSION: At closing subject to removal of 2015 crop. 2016 crop rights and timber rights to be conveyed.

REAL ESTATE TAXES: Seller to pay installments assessed 2015 due and payable 2016. 2015 taxes were $13,698.44.

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 acres, except for combination of Tract 3.

FSA INFORMATION: Farm #1458, Tracts #145 & 350. Total 294.47 acres cropland. Corn base of 98.2 acres with yield of 121 Bu., Soybean base of 98.2 acres with yield of 37 Bu. and Wheat base of 54.5 with yield of 63 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 persons 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.