Saturday, November 10,2007 09:00 AM  thru  12:00 PM
Saturday, November 17,2007 09:00 AM  thru  12:00 PM

From Linton, IN, take St. Hwy 59 south approximately 6.5 miles (past the Goose Pond Fish & Wildlife Area) to CR 575 S, turn west and go 2 miles to the southwest corner of the property.

Elks Lodge #866, along St. Rte. 54 on the eastside of Linton, IN (just past Wal-mart).

FOR THE HUNTER/RECREATIONALIST: This property is a nature lover's dream with a great mix of wooded land, water and grassland. Small and large buyers alike can compete on the setting they desire. This property also borders the Greene-Sullivan State Forest. Come investigate the awesome hunting which includes deer, turkey, quail and waterfowl.

FOR THE FISHERMAN: Enjoy some of the best fishing in the state with bass, bluegill, crappie, redear and some catfish. Some of this water may be as deep as approximately 30 or 40 feet. These lakes are regarded as some of the best fishing in the state.

FOR THE INVESTOR: Recent recreational land sales have continued to appreciate, some at unprecedented rates, providing an alternative to traditional investments. Consult your tax advisor relative to 1031 like-kind exchange possibilities. This is an investment you can truly enjoy!

Tract 1: 26.2 acres featuring Bass Lake, a large body of water, great fishing and waterfowl hunting, potential building site with a great view.

Tract 2: 25.1 acres featuring Crystal Lake, a large lake, approximately 30' in depth, good fishing, potential building site, mixed hardwood and a natural funnel area for deer hunting.

Tract 3: 35.4 acres featuring Boot Lake, a large lake with good depth and great fishing. Multiple sites for building with seclusion and mixed hardwood trees. A must see tract.

Tract 4: 20.1 acres featuring Crappie Lake, ideal for a weekend campsite or a day long hunt.

Tract 5: 43.3 acres with a beautiful campsite, rock road access, gently rolling terrain with mixed hardwoods and pine trees.

Tract 6: 21.4 acres on Bluegill Lake, a mix of hardwood and pine trees in a secluded setting. A great turkey and deer hunting tract.

Tract 7: 16.3 acres of mostly rolling grassland and access to Long Lake, a large body of water with great fishing and boat launch.

Tract 8: 10.8 acres of mostly grassland and shared access to Long Lake. Note: Combine Tracts 7 & 8 and own all of Long Lake - one of the areas best fishing spots.

Tract 9: 20.9 acres fronting CR 900 E featuring Sugar Pit, a great fishing spot surrounded by rolling grassland and trees.

Tract 10: 24.8 acres with access and frontage from CR 900 E and access to Redear Lake. Redear Lake stretches into the state forest and you will own the only boat access to this large lake. A rare opportunity!

Tract 11: 22.3 acres loaded with turkey, deer and containing Catfish Lake. Mostly mixed hardwood and pine trees.

Tract 12: 66.8 acres featuring Twin Lakes, a great fishing spot with boat launch, high elevation with great building site and views. Good interior road system. Good deer and turkey hunting tract.

Tract 13: 35.2 acres This interior tract offers privacy with road on three sides and Horseshoe Lake. This is one you will want to own.

Tract 14: 36.8 acres fronting CR 575 S and access via a stone road. Features Cypress Lake, a great hunting tract with mixed hardwood trees and a rolling topography.

Tract 15: 20.7 acres with frontage on CR 1500 W, this tract offers 4 small ponds with good fishing, interior roads, and woods.

Tract 16: 23.8 acres fronting on CR 1500 W. There is a pond, rolling topography and hardwoods. Excellent deer and turkey hunting.

Tract 17: 28.5 acres with frontage on CR 1500 W. A good potential building site with deer and turkey hunting.

Tract 18: 20.6 acres fronting CR 575 S and CR 1500 W. A good building site and hunting spot.

PROCEDURE: The property will be offered in 18 tracts, any combination of tracts and as a total unit. The property will be sold in the manner resulting in the highest total sale price.

DOWN PAYMENT: Ten percent (10%) down payment upon signing of purchase agreement immediately following the close of bidding. The down payment may be made in the form of cash, personal check, business check or cashier's check. The remainder of the purchase price is payable in cash, cashier's check, certified funds, or bank draft at closing. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.

BUYER'S PREMIUM: A 5% Buyer's Premium will be added to the high bid to arrive at the contract selling price.

ACCEPTANCE OF BID PRICES: All successful bidders will be required to enter into a purchase agreement at the auction site immediately following the close of the auction. All final bid prices are subject to acceptance or rejection by the Seller.

CLOSING: The balance of the purchase price is due at closing, which will take place 30 days after Auction, or as soon thereafter as closing documents are completed.

POSSESSION: Possession of the land will be given at closing.

EVIDENCE OF TITLE: Seller shall provide an Owner's Policy of Title Insurance in the amount of the purchase price.

DEED: Seller shall provide a Warranty Deed conveying the real estate to the Buyer(s).

REAL ESTATE TAXES: Seller shall pay the Real Estate tax installment due in May 2008. All subsequent taxes will be the Buyers responsibility.

ACREAGE: All acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.

SURVEY: AT THE SELLER'S OPTION, the Buyer and Seller shall provide 50:50 of the survey cost for any parcel where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Any need for a new survey shall be determined in the sole discretion of the Seller. If a survey is determined by the Seller to be necessary, final bids will be adjusted to reflect the results of said survey. The type of survey prepared shall be determined by the Seller so long as it is sufficient for issuance of a title policy. Combination purchases will receive a perimeter survey only.

EASEMENTS: Sale of the property is subject to any and all easements, covenants, restrictions, and assessments whether or not of record. There shall be easements granted in favor of the appropriate tracts to provide ingress and egress and for utility placement. The easements shall be 30' in width and will be over Pine Lakes Road, Oakridge Road, Angler Road and Deer Run as illustrated on the aerial tract map.

SHARED LAKE RIGHTS: In the event Tracts 7 & 8 sell separately, each owner shall have the right to use the water surface of Long Lake and existing boat ramp.

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 agreement to purchase.

ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENT MADE. 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 person's credentials, fitness, etc. All decisions of the Auctioneer are final.

AGENCY: Schrader Real Estate & Auction Company, Inc. and its representatives are exclusive agents of the Seller.

NEW DATA, CORRECTIONS, AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections or additions to the property information.

NOTE: Video taping, flash photography and/or public announcements will be allowed on auction day ONLY with prior approval from Schrader Real Estate and Auction Company.

STOCK PHOTOGRAPHY: Some photos showing wildlife are for illustrative purposes only.

OWNERS: H. CRONE & L. PATTON