PROFESSIONAL_SERVICESAPPROVED

East Noble School Corporation Exclusive Contract for Sale of Real Estate 2026-05-24

East Noble Schools Signs Exclusive Auction Listing Agreement

6.0% of the gross purchase price commission plus marketing expenses estimated at $2,000 (not to exceed 110% of estimate without agreement)East Noble School CorporationSCHRADER REAL ESTATE & AUCTION COMPANY INCMay 24, 2026

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Description

East Noble School Corporation entered into an exclusive real estate auction and listing agreement with Schrader Real Estate and Auction Company, Inc. to sell a 41± acre property with a commercial/industrial building in Kendallville, Indiana. The deal provides Schrader a 6% commission on the gross purchase price, reimbursement of marketing costs around $2,000, and establishes a timed online-only auction in June/July 2026 followed by a six‑month listing period if the property does not sell at auction.

Contract Details

Contract Amount

6.0% of the gross purchase price commission plus marketing expenses estimated at $2,000 (not to exceed 110% of estimate without agreement)

Vendor

SCHRADER REAL ESTATE & AUCTION COMPANY INC

Agency

East Noble School Corporation, IN

Contract Type

PROFESSIONAL_SERVICES

Document Date

May 24, 2026

Contract Term

Listing period begins upon contract execution; auction to be held in June/July 2026 with closing within 45 days after auction; if not sold at auction, listing continues for six months from the auction date

Renewal Info

If the property is not sold at auction, the contract automatically continues as a listing agreement for six months from the auction date; no further renewal terms beyond that six‑month listing are specified.

Issuing Agency