AUCTION IS OVER

TOTAL SOLD: $157,000

Tract(s): 1	@ $112,000	($5,600/acre)
Tract(s): 2	@ $45,000	($2,368/acre)

• 39+/- Acres offered in 2 Tracts or Combinations • Woods & Lakes • Awesome Hunting, Fishing & Recreation • Plus Great Potential Building Sites

OPEN HOUSE/INSPECTION DATES

Meet a Schrader Representative at the property Monday, October 8 from 4-6pm or call Auction Manager for permission to walk-over.
Deer season will be in on October 1. Wear hunter orange on all walk-over inspections!

PROPERTY LOCATION

3000 Block of W. 50 S
Directions: Take S 375 W out of Wolf Lake, Turn right onto W. 50 S. and follow to property.

AUCTION LOCATION

Wolf Lake Elementary School, 1283 Main Street, Wolf Lake, IN 46701.

TRACT DESCRIPTIONS

Tract 1: 20± ac This tract offers a large amount of frontage on Hawk lake and the entirety of the small Hawk lake. Hawk lake is approximately 6 acres total. The small Hawk lake is approximately 1.5 acres. There are maturing hardwoods among the thick growth of trees on this property. Definitely great deer and turkey habitat. Awesome private fishing hole! There is an 80 foot owned access down to the tract off of W 50 S.

Tract 2: 19± ac This tract also offers a large amount of frontage on Hawk lake. There are some maturing hardwoods on this parcel, but more of small growth trees and bushes. Again, a great private location for hunting and fishing. It too has access via its own 80 foot owned access off of W 50 S. There is an I & M electrical overhead power line easement through both parcels.
Combine both parcels for a nearly 40 acre hunting and fishing retreat! Endless possibilities for this property from Home sites to Hiking, from Hunting & Fishing Cabin Retreat, to Wildlife sanctuary!
You will travel a long way to find such a beautiful and convenient place to get away and pursue your hobbies! Be prepared to bid your price on such a unique opportunity!

TRACT MAP(S)

SOIL INFORMATION

AREA MAP(S)

PROCEDURE: Tracts 1 & 2 will be offered in individual tracts, or as a total unit. There will be open bidding on both tracts and the combination during the auction as determined by the auctioneer. The property will be bid in the manner resulting in the highest total sale price.

DOWN PAYMENT: A 10% cash down payment at close of auction. Cash or cashiers check or a personal or corporate check immediately negotiable is satisfactory for the down payment. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.

APPROVAL OF BID PRICES: At the close of the auction, Buyer(s) will be required to execute an Agreement to Purchase Real Estate and Addendum. The terms of this agreement and addendum are non-negotiable.

DEED AND EVIDENCE OF TITLE: Seller shall provide a Warranty deed and Owners Title Insurance Policy in the amount of the purchase price.

CLOSING: The targeted closing date will be approximately 30 days after the auction, with the balance of purchase price being due in cash at closing. The cost for an insured closing will be shared 50/50 between Buyer and Seller.

POSSESSION: Possession is at closing.

PRE-CLOSING HUNTING RIGHTS: The Buyer(s) may receive pre-closing hunting rights with an additional 10% down payment the night of the auction.

REAL ESTATE TAXES: The Real Estate taxes shall be pro-rated to the date of closing. The Buyer(s) to pay all thereafter.

DITCH ASSESSMENTS: Buyer shall pay all ditch assessments due after closing.

ACREAGE: All acreage is approximate and has been estimated based on current legal descriptions and/or aerial photos.

SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in the auction. Any need for a new survey will be determined solely by the Seller, cost of the survey will be split 50/50 between Buyer and Seller. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres. In the event that the entire property sells to one buyer there shall be no survey.

EASEMENTS: All real estate is being sold subject to any existing recorded easements. Existing recorded leases, if any will be assigned to the Buyer.

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 Purchase Agreement. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

Auction Brochure

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