PRODUCTIVE FARMLAND AUCTION

Description

UPDATE:  The farm sold for $1,330,000.00 and is expected to close on or before April 4, 2011.

AUCTION

Cedarville, Ohio

(1/2 hour east of Dayton)

175 Acres in 1 Tract

HIGHLY  PRODUCTIVE SOILS

Wednesday ♦ February 23, 2011 ♦ 4:00 PM

Open House: Monday ♦ February 14, 2011 ♦ 4:00-5:30 PM

Highly Productive Farmland

With Home and Well-Maintained Outbuildings

Brookston, Celina, Miamian, & Ragsdale Soils

Property Location:  3360 SR 72 N, Cedarville, OH (between I-70 at Springfield and I-71).

Auction Location:  Greene County Fairgrounds and Exposition Center, 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.

The Sweeney Family has called this 175-acre farm home since moving here in the late 1960s.  With 158 acres of good, productive, tillable land, the farm features well-drained pasture land, approximately 5.5 acres of standing alfalfa, and loads of road frontage on two excellent roads.  Join us to bid on a highly productive farm that has been maintained in tip-top shape.

Call or visit us on the web for complete Bidder Package.

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:  $50,000 down payment will be deposited with the Auction Company on the date of auction 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.

Closing Date:  On or before April 4, 2011.  Purchaser will pay customary portion of closing costs at closing.

Possession:  Date of closing subject to wheat harvest terms below.

Wheat Harvest:  Tenant has planted and contracted the 2011 wheat crop for Summer 2011 delivery and will reserve the right to harvest the crop during the Summer of 2011.  Purchaser will receive half of the net income from the crop within thirty days of the harvest date.  Purchaser will receive full possession of this portion of the property immediately following the wheat harvest.

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.

Owners:

BETTY SWEENEY &

DONALD WECKSTEIN, Trustee & Attorney

THE SWEENEY FAMILY TRUST

Toll Free:  1.866.282.8284