SHORE TRUST REAL ESTATE AUCTION

SHORE TRUST REAL ESTATE AUCTION

Friday * November 1, 2002 * 12:00 Noon

220 ACRES * PLEASANT TWP * NE CLARK COUNTY

5 Tracts Sell Via the Multi Parcel Auction Method * Large Swine Finishing Operation

Property Location: Intersection of Broadgauge and Pleasant-Chapel Roads, Pleasant Township, Clark County. From I-70 east of Springfield, take SR 54 (Exit 66) north 3 miles to east on Broadgauge. Watch for signs. (Auction Location: Catawba Community Center, Catawba, OH, approximately 1½ miles north of Broadgauge Rd on SR 54)

Many opportunities for a diverse cross-section of buyers - farmers, investors, home builders, home buyers. Over 146 acres of good-producing land located in a heavy agricultural area. Excellent swine facility on 33 acres. Also beautiful 1.15-acre wooded building lot and 2-story home on small country lot. Make plans to attend and bid your price for a piece of the country.

Open Inspection:

Auction Agents and representatives will be on-site at Tract 5

Monday, October 21, 4:00-5:30 PM

Soils

Tract 1: 5311 Pleasant-Chapel Rd. 33.0 acres (24.3 acres tillable). Includes

Tract 2: Broadgauge Rd. 125.0 acres vacant ground (79.6 acres tillable). Approximately 1,310' of frontage on Broadguage Road.

Tract 3: Pleasant-Chapel Rd. 1.15-acre wooded building site with good rise.

Tract 4: 10941 Broadgauge Rd. 59.9 acres (42.3 acres tillable) with older 1½-story frame house and frame outbuildings. Good drainage from swale on west side of property. Approximately 6.5 acres wooded in back.

Tract 5: 10885 Broadgauge Rd. 1.15-acre lot with 2-story frame home.

Real Estate Sale Terms

Bidding Procedure: Tracts will sell by the Multi-Parcel Method in individual tracts or combined tracts to the highest bidder(s). Bidding on all tracts and combinations during the auction will be determined by the Auctioneer. The properties will sell in the manner resulting in the highest total bid price(s), subject to the confirmation of the Seller.

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%) of final bid price(s) as 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.

Closing Date: On or before December 1, 2002, time being of the essence.

Possession: Tract 1 - date of closing with owner reserving the right to conduct an equipment auction on the premises on or before December 31, 2002.Tracts 2, 3, 4, and 5 - date of 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.

Auctioneers: Keith Sheridan & Bart Sheridan, CAI

(Toll Free) 1.866.AtAuction (282.8284)