Sundays, Oct. 23 & Oct. 30, from 1-5 PM.

Address: 7136 St. Rd. 101, Spencerville, IN, 46788.
Located in the southeast 1/4 of Section 35, Spencer Twp., Dekalb County, IN.

Directions: From the junction of State Roads 37 & 101, 3 miles northeast of Harlan, travel north 3-1/4 miles on St. Rd. 101 across the Allen/Dekalb County line approx. 1/2 mile, property on west side.

Auction Held On Site.

PROPERTY OVERVIEW:

Wow! This 47.6 acre ranchette has everything for the horse enthusiast.

Situated in southeastern Dekalb County, IN, just north of the Allen County Line on St. Hwy. 101, the property consists of appproximately 20 acres of woods with several groomed riding trails through it. The balance of the property is gently rolling meadows and hay fields with several nice potential building sites. The 20 acres of woods is a nice assortment of native hardwoods with several valuable mature trees.

Please note: A licensed Indiana timber buyer has stated that there is over $10,000.00 worth of mature timber at this time that could be harvested.

A great deer hunting area for the avid sportsman.

The property is in DeKalb Eastern School District that boasts a brand new elementary school at Butler, with Jr. & Sr. High Schools at Eastside.

You get the best of both worlds with this property, quiet secluded countryside, yet only minutes from Fort Wayne, Harlan, Grabill, Woodburn, Butler, Auburn and Hicksville, Ohio.

Soils are nearly all Blount Silt Loam on an A-B2 slope (0-4%).

Please note: Application has been made to the Dekalb County Plan Commission for a simple division of land with 3 additional residential building sites, one each on Tracts 1, 3 & 4. Soil work has been completed and we anticipate approval by auction day or soon after. However, should approval be denied for some unforeseen reason, a stand alone purchase of, or combination of, Tracts 1, 2, 3 & 4, your purchase agreement could become void if you wish, when requested in writing, and your earnest money will be refunded. Purchase of the Whole Property (Tracts 1-4), purchase agreement will remain in force, and will not be voided regardless of the Plan Commission ruling.

TRACT DESCRIPTIONS:

TRACT 1: 14+/- acres, this beautiful tract is approximately 50% wooded with nice native hardwood, oak, maple, hickory, walnut and ash with a few valuable mature trees. The balance of the tract is gently rolling meadow or hay field with several potential building sites, and potential pond sites. The woods are a great wildlife recreation area for deer and small game hunting. This area has an abundant deer population, with several mature bucks.

TRACT 2: 26.6+/- acres, this is horse heaven! With a beautiful 2500+ sq. ft., 4 bedroom, 2 bath, ranch style home with a 3 car garage in emaculate condition. A 65'x65' horse barn with 8 stalls & hay storage, a 66'x104' well lighted indoor riding arena, with a 32'x104' lean-to off the east side of the arena (room for 12 additional stalls) & equipment storage. A 12'x22' lounge and bar area with large viewing window of the riding arena, along with a restroom. This tract has well fenced horse pasture, exercise paddock with 19'x48' pasture shelter. It also has 6-7 acres of woods, a nice 1/2 acre pond edged in limestone with beach. The buildings are secluded back a nice paved drive, nestled in trees with nicely landscaped lawn and surroundings.

TRACTS 3 & 4: Approximately 4 acres each. These gently rolling potential building sites each with over 200 ft. of frontage on St. Hwy. 101 are estate size lots with enough room to build that dream home and outbuildings. Out in the country, out of Allen County and just minutes from Fort Wayne and surrounding small towns.

PERSONAL PROPERTY SELLS AT 10:00 AM:
ANTIQUES:

Lanterns

Pocket Kodak

Auburn rubber toys

Bull Dog figurines

Glass case

Roll top desk

Rocker

Coffee table

Shelves

Boxes

Old can

Fire alarm box

Box wrenches

Oil lamps

Old bottles

Candy machines

Enterprise Mfg. Co. coffee grinder

Saddles

Bits

Flour box table

International toy tractors, plows, disc, hay baler, trailers

Toaster

Wooden mallet

Toledo scale

Pinn Scale Mfg. drafting set

Cast iron skillet

Peddle grinding wheel

Corn sheller

Fanning mill

Lightning rod

Dinette buffet

Hoosier cabinet

Star butter churn

Canning jars

Iron

Bulldog bookends

Irish setter bookends

Spice cans

Tonka toys

Old horse pictures

Cigar boxes

Hay rake

Blacksmith anvil

11 blacksmith tools

Wagon wheels

Cast iron pot

Cast iron stove

Cast iron bell

Horse shoeing toolbox

Tools

Horse pictures

Hand pump

Many old pictures

Red Wing #10 crock

#15 crock

Magazine rack

Piano stool

Bedroom vanity desk

(2) chairs

Red wagon

Baseballs

Baseball gloves

COLLECTIBLES& MISCELLANEOUS:

Cast iron horse figurines

Lil red wagon

Cast iron stove

Doll house

Bud Light horse figurine

Beer collection

Texaco gum machine

Hat collection

Longaberger baskets

Igloo dog house

Dog house

6x10 chain link run with roof

1986 S-10 cap

Roll of filter fabric

75-100 bales 3rd cutting alfalfa & grass mix hay

QUARTER HORSE COLT:

05 Chestnut Quarter horse colt, by Congress Reserve Champion Simply Hot & out of a full sister to Mystic Illusion, a 3 time World Champion. This colt's full brother was 4th place in the NSBA Quarter Horse Congress. Very pretty and great legged.

HORSE EQUIPMENT:

50' round pen

New Idea manure spreader

Hay wagon Sears running gear

(2) 12' gates

(4) 16" LT tires & rims Featherlite

(2) 4' hay & grain feeders

6' hay & grain feeder

(2) 100 gal. Rubbermaid water tanks

4' heat buster fan

Saddlebags

Rubber cinch

Halters

Lead ropes

Plastic 55 gal. barrels

5 gal. water buckets

Rubber feed pans

Breast collars

2 wheel 2 saddle rack cart

Horse measure

Feeders

Horse blankets

Saddles

Parade saddle

Brushes

Fence post driver-wooden

Steel fence post

Lumber

Ox yoke

Heat lamps

Arena drag

Western furniture

Stall picks

Pitch forks

(6) western bar stools

Grain storage box

55 steel barrels

Big wheel barrow

Bits

(4) new stall fronts & doors

Steel hay feeders

Electric fence equipment & tools

Reining & cutting horse figurine

TRACTORS & EQUIPMENT:

1992 JD 5400 tractor, 4-wheel drive, 954 hrs., with 541 loader (1 yr. old, like new), 60 hp

'04 Woods bat wing 15' mower (like new)

(2) 13.6-28 on 12" rim tractor tires

(2) bottom plow

Commercial lawn sprayer on trailer

5 hp 100 gal. 10' boom 50' hose sprayer

JD 6-wheel Gator with cab, diesel with elec. dump, lights

5 hp roto tiller (like new)

7' King Cutter finish mower

7' Dirt Dog grader box

6' 3pt disc

12' ext. ladder

4' lawn roller

5 hp power washer

Stihl weed eater

Waterhawg water fountain & lights with timer

22 Craftsman lawn mower

2 cu. in. Stihl chain saw

2900# 6'x10' trailer with drop tail gate

TOOLS:

Work bench

Vice

Grinder

Plainer

Many tools

Sander

Saber saw

Shovels

Rakes

6' ladder

Generator (like new)

FURNITURE & HOUSEHOLD:

Jewelry steamer

Jeweler bench

(5) 10' tables & chairs

(2) 6' tables

Basketball post

Desk

Refrigerator

Charcoal grill

Vacuum sweeper

High chair

Baby bed

(2) kerosene heaters

(2) new Dogg Digital 3-way speakers

Bookshelf

Jam boxes

Fire wood holder

Games

Puzzles

Nice oak dining room table 8' with 2 leafs

Queen bed

Full size iron bed

Microwave

These items will sell after the real estate at approx. 1:00 PM:

Tractor with loader

Bat wing mower

Pond fountain

Western bar stools

PROCEDURE: The property will be offered in 4 individual tracts, any combination of tracts, and as a total 47.6-acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, combinations, and the total property may compete.
DOWN PAYMENT: 10% down payment on the day of 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: 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 Owners acceptance or rejection.
EVIDENCE OF TITLE: Owner shall provide an owners title insurance policy in the amount of the purchase price.
DEED: Seller shall provide Warranty Deed(s).
CLOSING: Closing shall take place within 30 days of auction or within 15 days of proof of insurable titles.
POSSESSION: Possession of the property will be given at closing on bare land tracts. Possession of Tract #2 with home and buildings will be 30 days after closing.
REAL ESTATE TAXES: Will be prorated to closing date.
ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.
SURVEY: Owner shall provide a survey for any parcel where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Any need for a survey shall be determined solely by the Owner unless such surveys are required by state or local law. If a new survey is determined to be necessary, the Owner and Buyer shall pay for the cost of said survey on a 50:50 basis. The type of survey prepared shall be determined by the Owner, so long as it is sufficient for issuance of a title insurance policy.
MINERAL RIGHTS: Sale shall include 100% of the mineral, oil, and gas rights owned by the Owner.
AGENCY: Schrader Real Estate & Auction Company, Inc. and its representatives are exclusive agents of the Owner.
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 Offer To Purchase. Announcements made at the auction podium during the time of the sale will take precedence over any previously printed material, or any other oral statements made. Statements, promises, or inducements made at the auction that are not contained in the written purchase agreement shall not be valid and binding. 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 Owner or the Auction Company unless agreed to in writing by Owner. 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 Owner or the Auction Company. All sketches and dimensions in the brochure are approximate. Conduct of the auction and increments of bidding are at the direction and discretion of the Auction Company. The Owner and Auction Company reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer at the auction are final.
ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.