Excellent Hunting - Potential Private Retreat - 326 Acres in 3 Tracts

Bloomington, Indiana

Owner: Chuck Wittum Real Estate Thu, Jun 17, 2010 EASTERN
Equipment & Personal Property at 7:00 PM EASTERN

AUCTION IS OVER

• Quality Deer & Turkey Hunting • Family Recreation - 4x4 Riding, Horseback Riding, and Hiking • Private Family Retreat • Excellent Timber Investment with Marketable Hardwood - Mainly White Oak, Red Oak, and Poplar • Extensive Interior Road System • 2 Ponds • Multiple food Plot Areas • Park Like Setting • Well, Septic, Electric • RV Hookup • 30'x52' Conncrete Floor Pole Building • Travel Trailer • Outdoor Equipment • 4x4s, Tractor, Cat, Loader, Equipment

OPEN HOUSE/INSPECTION DATES

Monday, May 24 from 4-6pm
Friday, June 4 from 4-6pm
4x4 Available for Viewing Property.

PROPERTY LOCATION

From Spencer, IN, at the junction of St. Rt. 67 / St. Rt. 231 and Main St., turn south on Main St./Freeman Rd. approximately 1 mile to Pottersville Rd. Turn right and proceed 6.2 miles to Freedom Rd. T, turn right .4 miles to Vilas Rd., turn left 4.2 miles (past Church) to junction of Co. Rd. 475 and 800, turn left .7 miles to the property. GPS Coordinates: 39o 0833.44N, 86o 5052.75W

AUCTION LOCATION

AUCTION HELD ON SITE

TRACT DESCRIPTIONS

Tract 1: 130.7± ac 130.7+/- acres consisting of a well groomed park-like setting with mature hardwood trees and a gently, rolling topography. This tract is improved with a 30ftx52ft modern pole building with a full concrete floor, electric service, work bench, large sliding door. Adjacent is a concrete pad setup for a travel trailer with septic hookup, well and electric.

Tract 2: 60.6± ac 60.6+/- acres of southern Indiana hardwoods with trails, food plots and gently rolling topography.

Tract 3: 134± ac 134.7+/- acres with access from Co. Rd. 525 E or combine with Tracts 1 or 2 and have two access points. An excellent hunting tract with food plots, pond and old home with a hunting blind and hardwood trees.

EQUIPMENT & PERSONAL PROPERTY

Kubota M 7030 SU, 18.4x28 tires, FWD, dual hyd, pto, gear drive, 544 hrs, S# 70637
Kubota 1880 A hyd front loader w/ 7ft bucket
Kubota 4540 backhoe attachment w/ 1ft, 2ft & 3ft bucket
Caterpillar 247skid steer loader w/ 15 rubber tracks, 6 way hyd blade 5 ft bucket, 1060 hrs, S# HCML00601
1998 Sportsman 38ft travel trailer, sleeps 6, bumper hitch, bath, kitchen, outside antenna hookup, TV w/ dvd, (purchased new & never been on the road)
2009 Toro LX 465twin cam riding mower w/ 48 deck, hydrostatic drive, 20 hp, only 11.6 hrs (like new)
Ranch King 42 lawn sweep
Billy Goat 5 hp leaf blower
Snapper 5 hp, self-propelled, walk behind mower
2000 Honda Forman 400 4x4, gear drive, forest green, 1464 mi.
Polaris Sportsman 450,mossy oak camo, 4x4, GPS, wench, luggage rack, front tool case, long gun holder, only 120 mi. (like new)
Woods #1843pt rotary mower
Brillion 8ft cultipacker
JD 16ft manual wing fold disc
3 Bottom mounted plow
Cammond 6ft 3pt box scraper
Bumper Buddy spreader/seeder for 4x4
4 Drawer file cabinet
(3) Ladder tree stands
Craftsman shop vac 2.5 hp
Power Pal 8 hp air compressor
Solar battery charger
several heaters
Gas cooker, garden hose, extension cords, log chains, many items too numerous to mention

AREA MAP

TRACT MAP(S)

Tract map - Excellent Hunting - Potential Private Retreat - 326 Acres in 3 Tracts

PLAT MAP(S)

Plat map - Excellent Hunting - Potential Private Retreat - 326 Acres in 3 Tracts

AREA MAP(S)

Area map - Excellent Hunting - Potential Private Retreat - 326 Acres in 3 Tracts

PROCEDURE: Tracts 1 through 3 will be offered in individual tracts, in any combination of these 3 tracts, or as a total property. 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. The bidder(s) whose bids result in the highest aggregate sale price will sign purchase agreements.

DOWN PAYMENT: 10% of the Contract Purchase Price as down payment on the day of auction with the balance in cash 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. All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction.

DEED: Seller will convey by Warranty Deed(s).

EVIDENCE OF TITLE: The Owner agrees to furnish a Title Insurance Policy. A preliminary commitment will be available for review prior to the auction.

CLOSING: The closing shall take place within 15 days after delivery to the Buyer an applicable title commitment and necessary closing documents.

POSSESSION: Possession shall be granted at closing.

MINERAL RIGHTS: The Sellers shall convey 100% of their interest in all mineral rights.

REAL ESTATE TAXES: The 2009 calendar year taxes payable in 2010 shall be paid by the Seller at closing. The 2010 taxes due in 2011 shall be paid by the Buyer.

ACREAGE AND TRACTS: All acreages are approximate and have been estimated based on current legal descriptions and/or aerial photos. Any corrections, additions, or deletions will be made known prior to the auction.

SURVEY: Owner shall order a survey for any tract where there is no existing legal description or where new boundaries are created by the tract division for the auction. Any need for a new survey shall be determined solely by the Owner. If a new survey is determined to be necessary, the Owner and the Buyer(s) shall share the cost of the said surveys (50:50). The type of survey prepared shall be determined by the Owner so long as it is sufficient for issuance of the title insurance policy. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres on any tracts or combination of tracts.

PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries, and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Owner and Auction Company disclaim any and all responsibility for Buyers safety during any physical inspection of the property.

AGENCY: Schrader Auction Co. and its representatives are exclusive agents of the Seller. There shall be no subagency.

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. Tract acreages have been estimated based on aerial photographs and existing legal descriptions. 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. 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. Some photographs within this brochure are used for illustration purposes only. Conduct of the auction and increments of bidding are at the direction and discretion of the Auction Company. The Seller and Auction Company 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. NEW DATA, CORRECTIONS AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections or additions to the property information.

PERSONAL PROPERTY TERMS: Payment shall be by cash or personal check with proper identification at the time of sale.