REAL ESTATE AUCTION -- TERMS & CONDITIONS
Thursday - October 30, 2025 at 6:00 PM
4810 Otterbein-Ithaca Rd. - Arcanum, OH 45304

" THIS PROPERTY IS OFFERED FOR SALE "AS-IS" WITH NO WARRANTIES OR GUARANTEES. THE PURCHASER(S) AGREES TO PURCHASE THE PROPERTY AND BUILDINGS IN THEIR PRESENT CONDITION AND ACCEPT THE SALE OF THE REAL ESTATE UPON THE TERMS AND CONDITIONS THAT ARE LISTED HERE, AS WELL AS ANNOUNCED AT THE AUCTION ON THE DAY OF THE SALE.

" THE SALE OF THE PROPERTY IS NOT SUBJECT TO ANY CONTINGENCIES OR THE PURCHASER'S ABILITY TO ACQUIRE ANY NECESSARY FINANCING. IT IS THE PURCHASER(S) RESPONSIBILITY TO MAKE ARRANGEMENTS TO INSPECT AND VIEW THE PROPERTY IN ITS PRESENT CONDITION PRIOR TO THE CONCLUSION OF THE AUCTION. THE PURCHASER(S) ARE RELYING SOLEY UPON SUCH EXAMINATION WITH REFERENCE TO THE CONDITION, CHARACTER, SIZE OF LAND, IMPROVEMENTS, AND FIXTURES, IF ANY.

" THE REAL ESTATE SHALL SELL WITH SELLER'S CONFIRMATION, UNLESS OTHERWISE ANNOUNCED AND NOTED, FREE AND CLEAR OF ANY LIENS OR INCUMBRANCES.

" THE PURCHASER(S) SHALL BE REQUIRED TO DEPOSIT $20,000 DOWN AS ESCROW MONEY UPON THE CONCLUSION OF THE AUCTION. THE BALANCE IN FULL IS DUE AND PAYABLE ON OR BEFORE 30 DAYS FROM THE DAY OF AUCTION.

" THE TAXES WILL PRORATED TO THE DAY OF CLOSING. THE PURCHASER(S) SHALL BE RESPONSIBLE FOR ANY REAL ESTATE TAXES THEREAFTER.

" IT IS UNDERSTOOD THAT THE AUCTIONEER(S), MIDWEST AUCTIONEERS & REALTY, INC. AND THEIR STAFF ARE AGENTS FOR THE SELLER AND DO NOT IN ANY WAY REPRESENT THE PURCHASER(S) CONCERNING THE SALE AND/OR THE REAL ESTATE OFFERED FOR SALE.

" THE SUCCESSFUL PURCHASER(S) SHALL BE REQUIRED TO SIGN A REAL ESTATE PURCHASE AGREEMENT/CONTRACT AT THE CONCLUSION OF THE AUCTION. OTHER NECESSARY AND APPLICABLE DOCUMENTS MAY BE REQUIRED BY STATE AND/OR FEDERAL LAW.

" OCCUPANCY OF THE LAND WILL BE AFTER THE REMOVAL OF THE CURRENT STANDING CROP WITH OCCUPANCY OF THE HOME AND BUILDINGS AT CLOSING.

Real Estate Auction 4810 Otterbein-Ithaca Rd. - Arcanum, OH 45304 80 Acre Homestead in Butler Twp. Thursday - October 30th at 6:00 PM LIVE and ONSITE Public Auction! ***OPEN HOUSE & INSPECTIONS: SAT. & SUN. - OCT. 25 & 26 FROM 11AM TO 2PM*** Establish or add to your farming operation with this 80 acre homestead inclusive of 67.26 tillable acres of preferred soils for optimum crop production. The farm is bordered to the north with approximately 11.136 acres of woods and the Twin Creek runs along the east border and through the south east corner. Situated back a private lane in southern Darke County's prime agricultural production ground, this property features a large family home with just over 2,000 square feet that includes 2 bedrooms, 1 bathroom, kitchen, and spacious family, living, and dining areas. Home has a rear wood deck w/ ramp, side porch, and central air. Also included on the property are two flat barns, 40 x 80 and 32 x 44 as well as two steel grain bins. PID: D16-0-210-23-00-00-20200. Terms: $20,000 escrow deposit required down on day of auction with balance due and closing within 30 days. Taxes to be prorated to day of closing, occupancy on land will be after removal of current standing crop with occupancy of home & buildings at closing. Please visit our website www.Midwest-Auctioneers.com for complete auction information and updates. Stephan Ag, LLC, Owners