HAERR FARMS

Description

TWO CLARK COUNTY FARMS
Selling at Public Auction
Thursday, April 24, 2003 - 1:00 PM
Auction Conducted at Casey's, Springfield, OH

Public Inspection
Monday, April 14 - 3:30-5:30

PROPERTY A
1780 Moorefield Road, Springfield, OH

54 acres of prime development land located on the borders of the Northridge community. This property is ready for Springfield's next development. A great opportunity to purchase well-located land that will only appreciate in value. All public utilities available.

• Brick Ranch Home
     (3) bedrooms
     Bath
     Wood burning fire place
     Full basement
     1,700 square feet living area
     2-car attached garage
     Well/septic
     LP high efficiency furnace
       
• 30' x 60' hip roof frame barn
• 34' x 42 metal pole building

PROPERTY B
1749 East County Line Road

96 Acres in 5 Tracts (including 50,000+ bushel grain facility)

Tract 1:

• 5+ acre mini-farm
• 2-story frame home
     (3) bedrooms
     bath
     1,350 square feet living area
     Partial cellar
     1-car extended garage/shop
• 34' x 80' Morton metal pole building with 24' x 34' heated shop area & multiple cattle feeding lean-tos
• 52' x 80' Morton metal pole open-faced machinery shed

Tract 2:

• 31 acres vacant land with 13 acres tillable
• Three remaining cluster splits allowable under current Clark County zoning regulations

Tract 3:

• 50+ acres with beautiful rolling topography & woods
• 65' frontage on East County Line Road

Tract 4:

• 10 acres pasture land in southeast corner of farm. 
• Sells subject to Swing Tract provisions as outlined in Real Estate Auction Terms.

Tract 5:

• 55,000+ bushel grain facilitySix metal grain bins including all grain pipe and feet
• 10-ton metal holding bin
• Superb Energy Miser grain dryer
• Note: Includes no land. Sells subject to Grain Facility Bidding and Removal provisions as outlined in Real Estate Auction Terms.

Terms

Real Estate Sale Terms

Bidding Procedure: The property will sell by the Multi-Parcel Method in individual tracts, in combinations of tracts, or in the entirety to the highest bidder(s) subject to Swing Tract stipulations on Tracts B-5 as set forth below. Bidding on all tracts and combinations during the auction will be determined by the Auctioneer. The property will sell in the manner resulting in the highest total bid price, subject to the confirmation of the Sellers.
Swing Tracts: Tract B-4 will be offered in combination with Tract B-3 or to any bidder who owns real property with qualifying road frontage contiguous to the Swing Tract(s).
Grain Facility Bidding and Removal: Tract B-5 (grain facilities) will be offered as a separate tract and may be combined with Tract B-1 or any combination of tracts containing Tract B-1. If Tract B-5 receives no bids, it will be considered to be a part of Tract B-1 and title will pass to the Buyer of Tract B-1 at closing. If Tract B-5 sells to a different Buyer than Tract B-1, Buyer of Tract B-5 will remove the grain bins, grain dryer, grain pipe, and all other attachments at his/her expense on or before October 24, 2003. Upon failure by the Buyer of Tract B-5 to comply with the terms of the auction as stated above, Buyer of Tract B-1 will assume ownership of the grain facilities.
Acceptance of Bid Prices: The successful bidder(s) will sign a Confirmation of Sale Agreement at the auction site immediately following the close of bidding.
Down Payment: Ten percent (10%) down payment day of auction upon signing of Confirmation of Sale Agreement; balance due at closing. Bidding IS NOT CONDITIONAL UPON FINANCING.
Real Estate Taxes: Taxes prorated to date of closing. Purchaser to be responsible for any CAUV recoupment charges due to change in land use.
Survey: The Sellers will provide a new survey to the Purchaser of Tract B-1. All lot splits and new division lines are subject to the final approval of all appropriate Clark County and Moorefield Township governmental departments.
Closing Date: On or before June 6, 2003.
Possession: Date of closing, with rights to till ground and plant crops for 2003 planting season immediately following signing of Confirmation of Sale Agreement. Purchaser(s) take pre-closing possession subject to risk of loss of all inputs in event of Purchaser's(s') default on contract(s)
Agency: Sheridan & Associates, Auctioneers, Real Estate Broker, Appraisers, LLC and its representatives are Exclusive Sales Agents for the Sellers.
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 Sellers 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. No liability for its accuracy, errors, or omissions is assumed by the Sellers or the Auction Company. Conduct at the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Sellers 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.

J. BURTON HAERR, III and RICHARD A. HAERR, Owners

Auctioneers: Keith Sheridan & Bart Sheridan, CAI
(Toll Free) 1.866.AtAuction (282.8284)