GREENE CO. FARMLAND AUCTION

Description

UPDATE:  The farm sold for $242,500 ($6,611.41 per acre) and is expected to close on or before March 23, 2012.

GREENE COUNTY FARMLAND AUCTION

37 Acres in 1 Parcel

Wednesday ♦ February 15, 2012 ♦ 4:00 PM

Property Location:  Corner of US Route 42 and Richland Rd, 3 miles south of Xenia.

Auction Location:  Greene County Fairgrounds, 120 Fairground Rd., Xenia, OH.  From the center of Xenia, follow N. Detroit Street (US 68) N to left (W) on W. Ankeney Mill Rd.  This becomes Fairground Rd at the corporation line.

Quality Soils: Miamian, Raub, Rush, & Xenian

Mostly Tillable

REAL ESTATE SALE TERMS

Bidding Procedure:  The property will sell to the highest bidder subject to the confirmation of the Seller.

Acceptance of Bid Prices:  The successful bidder will sign a Confirmation of Sale Agreement at the auction site immediately following the close of bidding.

Down Payment:  $10,000 down payment will be deposited with the Auction Company on the auction date upon signing of Confirmation of Sale Agreement; balance due at closing.  Bidding IS NOT CONDITIONAL UPON FINANCING.

Real Estate Taxes:  Taxes will be prorated to date of closing using long proration method.

Survey:  Seller will provide approved new survey at closing.

Closing Date:  On or before March 23, 2012.  Purchaser will pay customary portion of closing costs at closing.

Possession: At closing.

Agency:  Sheridan & Associates, Auctioneers, Real Estate Broker, Appraisers, LLC and its representatives are Exclusive Sales Agents for 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 Confirmation of Sale Agreement.  Announcements made by the Auctioneer at the time of the Auction will take precedence over any previously printed or oral information.  The property is sold on an "AS IS, WHERE IS" basis, and no warranties or representations, either expressed or implied, concerning the property are made by the Seller or the Auction Company.  Each bidder is responsible for conducting his/her own independent inspections, investigations, inquiries, and due diligence concerning the property.  The information contained in this brochure is believed to be accurate, but is subject to verification by all parties relying on it.  Neither the Seller nor the Auction Company assumes liability for its accuracy, errors, or omissions.  Conduct at the auction and increments of bidding are at the direction and discretion of the Auctioneer.  The Seller and the Auction Company reserve the right to preclude any person from bidding if there is any question as to the person's credentials, fitness, legal capacity, etc.  All decisions of the Auctioneer are final.

Security National Bank & Trust, Custodian of the CREADA L. VANCE SDIRA

Toll Free:  1.866.282.8284