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The undersigned Auction Company has been authorized to sell the real estate belonging to the Garrett Heirs, and located in Smith Township in Posey County, Indiana, and consisting of approximately 100 +/- acres prime farmland. The real estate will be offered in separate tracts, combinations and in the entirety.

TRACT #1: Consists of approximately 14.3 +/- acres. This tract is 100% tillable. The topography of this tract is level/rolling.

TRACT #2: Consists of approximately 37.3 +/- acres. This tract is 100% tillable. The topography of this tract is level/rolling.

TRACT #3: Consists of approximately 29.2 +/- acres. This tract is 100% tillable. The topography of this tract is level/rolling.

TRACT #4: Consists of approximately 9.0 +/- acres. This tract is 100% tillable. The topography of this tract is level/rolling.

TRACT #5: Consists of approximately 9.5 +/- acres. This tract is 100% tillable. The topography of this tract is level.

PROCEDURE: The real estate will be offered in five (5) tracts, individual tracts and any combination of tracts. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations, and the total property may compete. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of the Auctioneer are final.

DOWN PAYMENT: A 10% down payment on the day of the auction with the balance due at closing. The down payment may be in the form of cash, cashier’s check, personal check or corporate check. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.

ACCEPTANCE OF BID PRICES: All successful bidders will be required to enter into Purchase Agreements at the auction immediately following the close of the auction. All final bid prices are subject to the seller’s acceptance or rejection.

BUYER’S PREMIUM: A 6% buyer’s premium will be added to the high bid(s) to determine the contract sale price.

DEED: Seller shall provide a Warranty Deed conveying title to the property.

CLOSING: The balance of the purchase price is due at closing, which will take place within 30 days of the presentation of insurable title.

POSSESSION: Possession will be at closing and after the Fall crop is harvested.

REAL ESTATE TAXES: The real estate taxes will be the responsibility of the Buyer beginning with the taxes due and payable in November 2008 and thereafter.

ACREAGE: All tract acreages, dimensions and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos. Purchaser(s) should make their own independent determination of acreage prior to bidding.

SURVEY: If a survey is deemed necessary, the cost of the survey will be shared 50/50 between the Seller and Buyer(s).

MINERALS: The Seller will convey all minerals owned at closing.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this ad and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or WILLIAM WILSON AUCTION & REALTY, INC., including, but without limitations to fitness for a particular use, physical condition, any specific zoning classification, title, location of utilities, assurance of building permits, driveway permits, or water and septic permits. All sketches and dimensions are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries and due diligence concerning the property.

DIRECTIONS: From I-64 at Cynthiana, go north to the junction of Highway 65/68. Turn left, watch for signs.

SHOWING: Call the Auction Company for a private showing.

AUCTIONEER’S NOTE: Plan now to attend this outstanding offering of land in the Eastern Posey County area.

OWNER: JOE/RICHARD GARRETT ET AL - OWNERS

All announcements the day of the auction take precedence over printed material or any other oral statements made..

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