119+/- ACRES AND IMPROVEMENTS, NOBLE COUNTY, IN

DRONE AERIAL VIDEO

https://vimeo.com/803935312

OWNER

Randy Dickerhoof Estate, Rachael Dickerhoof P.R.

AUCTION DATE AND TIME

Monday, March 27 @ 6pm

INSPECTION DATES

Sunday, March 12 from 1pm-4pm or call 260-750-1553 for a private viewing

PROPERTY LOCATION

10555 N 1000 E, Kendallville, IN 46755

AUCTION LOCATION

Noble County Fairgrounds, Log Cabin Building 580 Fair St, Kendallville, IN 46755

DESCRIPTION OF PROPERTY

Tract 1: 26.5+/- acres of mostly tillable land and a drainage ditch. This tract includes CRP land along the ditch. The CRP land is approximately 1.76 acres. This tract has access off of 1000 E and has preliminary approval from the Noble County Highway Department for a driveway.

Tract 2: 29+/- acres including open and fenced pasture areas, tillable land, and woods/recreational land. This tract includes a drainage ditch and CRP land along the ditch as well as other CRP land totaling 9.7 acres. This tract has access off of 1000 E and has preliminary approval from the Noble County Highway Department for a driveway.

Tract 3: 28.5+/- acres of open and fenced pasture areas, pond, and homesite. This tract includes 11.67 acres of CRP land. This tract includes improvements consisting of 4 outbuildings. The main out building is 54x100 and includes a finished apartment with a kitchen, family room/dining area, full bathroom, and upstairs loft/bedroom with a half bath. The apartment has propane forced air heat, septic system and well. The main building has wood burning hot water heating system, 3 overhead doors, OSB bord interior finish, concrete floor, electrical, and metal roof and siding. There is a 44x62 horse barn which includes 6 stalls, water, holding area, electrical, concrete floors, above hay lofts on both sides, 6' concrete foundation walls and concrete divided walls, swing-out feeders, steel bar stall sliding gates, metal roof and siding and overhead doors on each end. There is a 24x30 storage building with concrete, electrical, overhead door, and metal roof and siding. There is a 20x30 storage building back by the woods with dirt floor, metal roof and siding, and a sliding door. This tract has access via 2 drives off of 1000 E.

Tract 4: 17+/- wooded acres “swing tract”. This tract may only be purchased in combination with an adjoining auction tract or an adjacent landowner. This tract has many trails and good hunting potential. Great recreational piece for the outdoor enthusiast.

Tract 5: 18+/- wooded acres “swing tract”. This tract may only be purchased in combination with an adjoining auction tract or an adjacent landowner. This tract has many trails and good hunting potential. Great recreational piece for the outdoor enthusiast.

Auctioneer’s Note: This property really shows pride of ownership. The possibilities are endless for this property and has something to offer for everyone. Truly a unique, one of a kind setting with excellent hunting, fishing, fenced areas for horses and livestock, woods with trails for off-road, several outbuildings, and tillable land for crop production. Make sure to attend this auction as properties like this only come up for sale once in a lifetime!

Please contact auction company for more information regarding CRP land including map and contracts. There is a total of 23.13 acres of CRP land in 9 fields that pays a total of $2,795 annually in 4 total contracts that end as soon as 09/30/2025 and as late as 09/30/2035. The CRP land along the ditch is split up between tracts 1 and 2. The auctioneer figured approximately 1.76 acres was on tract 1 and a half acre on tract 2. These are only estimates and may differ slightly. If sold separate, the new buyer of each tract will have to go to the Noble County FSA office and have them allocate the right amount of CPR acres to the new parcel.

119+/- Acres offered in 5 tracts and combinations * Tracts range from 17 acres to 29 acres * Improvements include large outbuilding with finished apartment, horse barn, and pole barns * Wooded and recreational acreage * Abundance of wildlife and good hunting potential * Pond * Fenced pasture area * Tillable land

PROCEDURE: This property will be offered at oral auction in 5 individual tracts, any combination of tracts, or as a total unit. There will be open bidding on individual tracts and the combination of tracts during the auction, until the close of the auction as determined by the auctioneer.

DOWN PAYMENT: A 10% down payment is due the day of auction for individual tracts or combination of tracts. The down payment will be made the day of auction, immediately following the auction, with the balance in cash at closing. The down payment may be made in the form of 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 a purchase agreement at the auction site immediately following the close of the auction. All final bid prices are subject to the seller’s rejection or acceptance.

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

DEED: Seller shall provide a Personal Representative’s Deed(s).

CLOSING: The balance of the purchase price is due at closing. A targeted closing date will be approximately 30 days after the auction, or as soon thereafter as applicable closing documents are completed by the seller. Costs for an administered closing shall be shared 50:50 between Buyer(s) and Seller. Any costs associated with securing a mortgage shall be paid by the buyer(s).

POSSESSION: Possession of all tracts and combination of tracts will be the day of closing immediately following the closing.

REAL ESTATE TAXES: The 2022 due and payable 2023 real estate taxes shall be paid by the seller. The 2023 due and payable 2023 real estate taxes shall be prorated to the date of closing.

PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries 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 Bidders 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, assessed acres and/or aerial photos.

SURVEY: New surveys will be completed only where there is no existing legal description or where new boundaries are created by the tract divisions in the auction. Any need for a new survey shall be determined solely by the seller. Seller and successful bidders 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. Final sales price shall be adjusted to reflect any difference between advertised acres and surveyed acres, except with respect to auction tract 3.

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, including if any or all the auction tracts qualify for any kind of residential development. All tracts are being offered for recreational and farming purposes only. 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 ORANY OTHER ORAL STATEMENTS MADE.