Saturday, May 10,2008 02:00 PM  thru  03:30 PM
Saturday, May 17,2008 10:30 AM  thru  12:30 PM

2 Miles south of Syracuse or 3 miles north of North Webster on SR 13 to CR 1000 N (Wawasee Middle School) turn east to CR 800 E, turn right, follow curves to Hatchery Rd. Follow curves, road changes to Turkey Creek Rd. to CR 1100 N. Turn left on CR 1100 N. To East Wawasee Dr. Follow to Blackpoint Dr. turn left to Pine Dr. follow to Forest Dr. Turn left to properties.

On site.

2 Hillside Channel front Lots overlooking Johnson Bay, 11941 Forest Dr. Syracuse Lot 1 with boathouse and Lot 2 with block building. The Lots will be offered individually or together as one unit. Selling in the manner resulting in the highest total price.
Lot 1: Excellent hillside lot with approximately 48' of channel front, 240' of depth and 45' of road frontage. The boathouse has an upstairs with approximately 396' of space and a window air conditioner. If you've been looking for a great potential building site, don't miss this opportunity to purchase this large hillside lot with scenic views of Johnson Bay and enjoy boating, skiing, fishing and relaxing on Lake Wawasee. Parcel #007-053-054
Lot 2: Another prime hillside lot with approximately 50' of channel front, 250' of depth and 60' of road frontage. Great views, oak trees, and a 780 sq. ft. block building. Another potential opportunity to build to suit your needs. Parcel #007-053-038. Bid your price on one or both lots and start to enjoy the Lake Wawasee lifestyle.

PROCEDURE: The Oswego Lake and Chapman Lake Properties will be offered as a total unit. The Lake Wawasee Properties will be offered in Individual lots, combination of lots or as total properties.
DOWN PAYMENT: 5% of the accepted bid as down payment on the day of the auction with balance in cash 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.
APPROVAL OF BID PRICES: The successful bidder(s) will be required to enter into purchase agreements at the auction sites immediately following the close of the auctions. The final bid prices are subject to the Sellers acceptance or rejection.
DEED: Seller shall provide a Warranty deed.
EVIDENCE OF TITLE: Seller shall provide title insurance in the amount of the purchase price.
CLOSING: Closing shall take place 15 days after proof of merchantable title.
POSSESSION: At closing.
REAL ESTATE TAXES: Pro-rate to day of closing
DITCH ASSESSMENTS: Buyer shall pay all ditch assessments due after closing if any.
ACREAGE LOT SIZE: All acreage or lot sizes are approximate and have been estimated based on current legal descriptions and/or aerial photos.
SURVEY: There will be no surveys as all the lots have existing legal descriptions.
EASEMENTS: The sale of each property is subject to any and all easements of record.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. Tract acreage has been estimated based on aerial photographs. 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 the Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires, 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. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company 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. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.