PROCEDURE:

The property will be offered in 3 individual tracts, any combination of tracts and as a total 150 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.

TERMS:

10% down the day of Auction, balance due in full upon delivery of the merchantable title and deed free and clear of all liens and encumbrances except as stated herein and subject to easements or restrictions of record. If you are the high recorded bidder on any individual tract or combination tracts you must stay for the entire auction. All bids accepted on the Real Estate subject to the Sellers approval.

CONDITIONS:

Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.

TAXES:

Buyer shall assume and pay real estate taxes due and payable in May 2011.

POSSESSION:

One day after closing.

SURVEY:

Buyer will pay for any new survey for any parcel where there is no existing legal description or where new boundaries are created by the tract division at the auction or if seller determines a new survey if needed. Seller will furnish only one title policy on any combination of parcels that are purchased as one unit. Any offers accepted by the seller herein will be subject to the final approval of the Huntington County Planning Commission. If above conditions are not approved, this agreement shall become null, void and of no force and effect and earnest money shall be refunded to buyers.

AGENCY DISCLOSURE & GENERAL OFFICE POLICIES:

Ness Bros. Auction Staff (Auctioneers and Ringmen) will represent the Seller exclusively unless Ness Bros. Agent has a signed buyer agency agreement with buyer, then that agent has a limited agency with buyer.

DISCLAIMER & ABSENCE OF WARRANTIES:

All information contained in the 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 co. 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.

CLOSING:

Balance of purchase price is due in cash at closing, which will take place on or before the thirtieth (30th) day following the Accepted Date. The fee charged by any closing agent (including an attorney acting as a closing agent for both parties, or Buyer's lender acting in such capacity) for closing services shall be paid equally by the parties. Each buyer will be responsible for paying a $195.00 transaction fee to be collected at closing.

SPECIAL NOTE:

The top bidder will be required to enter into a written agreement to purchase improved real estate contract irrevocable with earnest money deposited at the auction site immediately following closing of the auction. By executing this agreement, buyer is making an offer to seller, buyer's offer expires at 11:59 P.M. (local time) May 5, 2010 unless seller timely accepts it. Any personal property left in the residence and buildings or on the land after possession date of real estate will be inherited by the new buyers.

THANK YOU for your interest in this offering. If you have any questions, please feel free to talk to one of our representatives.

For A Free Recorded Message Call 1-877-297-7407 ID 6080

STATEMENTS MADE THE DAY OF AUCTION TAKES PRECEDENCE OVER PREVIOUS PRINTED MATERIALS OR ANY ORAL STATEMENTS

Heirs of Dean & Cora Bickel Estate - Seller

Stanley Matheny - Attorney

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