From Montpelier, go west 1 mile on SR 18, then north 1/2 mile north on CR 300 E. to the property.

Montpelier Masonic Lodge. 309 W. High Street. At the corner of High and Grant Streets.

Tract 1: 25+/- Acres with 24.58 Acres tillable and 505' of frontage on CR 300 E. Predominate soils are Blount, Glynwood & Pewamo
Tract 2: 19+/- Acres with 15.27 Acres tillable. Access via 20' road along the edge of the woods. Predominate soils are Blount, Glynwood & Pewamo
Tract 3: 6+/- Acres gently rolling woods. Potential building site with excellent hunting. Cut your own firewood and enjoy the outdoor recreation.
Tract 4: 14+/- Acres woods, potential building site, great for hunting and recreation. Imagine your dream home here. Access to Tracts 2, 3, & 4 will be provided via a 20' right of way along the edge of the woods.
Note: Seller is deeding 20' from Tract 1 to provide owned access to the existing mobile home south of Tract 1.

PROCEDURE: The property will be offered in 4 individual tracts, any combination of tracts and as a total 64+/-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.
DOWN PAYMENT: 10% down payment on the day of auction for individual tracts or combinations of tracts. 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 Purchase Agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Trustee's 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 Trustee's 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 insured closing shall be shared 50:50 between Buyer(s) and Seller.
POSSESSION: Possession of tillable land after the fall harvest. Buyer shall receive fall rent payment. Possession wooded tracts at closing.
REAL ESTATE TAXES: Seller shall pay the 2008 taxes payable in 2009 and the first installment of the 2009 taces due in 2010. Annual taxes are $899.22.
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. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres on all tracts or combination of tracts. 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. Combination purchases will receive a perimeter survey only.
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 persons 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.