Georgia Land Auction - 1,594+/- Acres in 31 Tracts

Waycross, GA - Charleton, Ware, Brantley, Pierce & Wayne County

Owner: TerraPointe LLC, a subsidiary of Rayonier Inc. Fri, Apr 9, 2010 EASTERN

AUCTION IS OVER

• Young & Mature Timber Stands • Hunting Lands • Potential Home Sites • Good Road Frontage

OPEN HOUSE/INSPECTION DATES

Friday, March 12,2010 02:00 PM thru 06:00 PM
Saturday, March 13,2010 08:00 AM thru 12:00 PM
Friday, March 26,2010 02:00 PM thru 06:00 PM
Saturday, March 27,2010 08:00 AM thru 12:00 PM

PROPERTY LOCATION

TRACTS 1-3, CHARLTON COUNTY From St. George, Georgia: From the intersection of Route 121/23 and Route 94 in St. George, go west on Route 94 for 11.4 miles. Turn left on Route 185 and go 1.3 miles and tract 1 begins on the right. Continue on Route 94 for tracts 2 and 3. TRACTS 4-6, CHARLTON COUNTYFrom St. George, Georgia: From the intersection of Route 121/223 and Route 94 in St. George, go west on Route 94 for 11.4 miles. Turn left on Route 185 and tract 4 begins on the right. Continue on Route 185 for tracts 5 and 6. TRACTS 7-11, CHARLTON COUNTYFrom Folkston, Georgia For tracts 9 and 10: From downtown Folkston travel north on Route 301/1. Go 1.7 miles and turn left on Bowery Lane. Go 0.2 miles and turn right just across the railroad tracks on Dogwood Lane. Go 0.5 miles and tract 9 is on the right. Continue 0.4 miles and tract 10 is on the left. For tract 11 continue on Dogwood Lane to Route 1/23 and cross the highway, Tract 11 is immediately on right (frontage on southbound lane of Route 1/23 towards Folkston). Continue on Dogwood Lane to Northbound one-way and turn left towards Waycross. When travelling north, south lanes merge. Get in left turn lane and make a U turn back towards Folkston and tract 8 will be on right. From the intersection of Route 301 and Route 23/1 in Folkston, go 0.6 miles north on Route 23/1. Cross over the bridge over the railroad tracks and then turn right into gravel lane for tract 7. TRACTS 12-14, WARE COUNTY From Waycross, Georgia: From the intersection of Route 82/520 and Route 1/23/4 in Waycross, go east on Route 82/520 for 7 miles. Tract 12 will be on the right. For tracts 13 and 14 continue on Route 82/520 for 0.2 mile and turn right on Route 177. Go 1 mile and turn right on Sams Road. Go 0.3 miles and tract 14 is on the right. Continue for tract 15. TRACTS 15-16, BRANTLEY COUNTYFrom Waycross, Georgia: From the intersection of Route 82/520 and Route 1/23/4 in Waycross go east on Route 82/520 for 7.2 miles. Turn right on Route 177 and go 2. 4 miles and turn left on Lee Road. Go 2.7 miles and turn right on Mill Pond Road. Go 0.1 miles and tract 16 begins on the right. Continue on Mill Pond Road for tract 15. TRACTS 17-21, PIERCE COUNTYFrom Patterson, Georgia: From the intersection of Route 32 and Route 84/38 in Patterson, go west on Route 84/38 for 1.1 miles and turn left on Son Thomas Road. Cross the railroad tracts and make an immediate left on Arbor Road. Go 0.3 miles and tract 18 begins on the right. Continue 0.1 mile and tract 17 begins on the left and tract 19 begins on the right. Continue 0.6 miles to the intersection with Williams Street and turn right on to Williams Street. Go 0.1 mile and merge right on to Echols Street. Go 0.1 mile and tract 20 begins on the right. Continue and tract 21 begins on the left. TRACTS 22-24, PIERCE COUNTYFrom Patterson, Georgia: At the intersection of Route 32 and Route 84 turn west on Route 32 for 6.1 miles and turn right(north) on Route 121/15. Go 3.5 miles and turn left on Scuffletown Road. Go 0.8 miles and tract 22 is on the right. Continue on Scuffletown Road for tracts 23 through 24. From Surrency, Georgia (Southeast of Baxley): From the intersection of Route 341/27 and Route 121 in Surrency, travel south on Route 121. At the intersection of Route 121 and Route 15/121, turn right or south on Route 15/121 and go 1.3 miles and turn right on Scuffletown Road. Go 0.8 miles and tract 22 is on the right. Continue on Scuffletown Road for tracts 23 through 24. TRACTS 25-27, WAYNE COUNTYFrom Surrency, Georgia (Southeast of Baxley): From the intersection of Route 341/27 and Route 121 in Surrency, go south on Route 121 for 9.2 miles. Turn left on Route 203 (north) and go 6.4 miles and turn right on Jabo Lane. Go 0.2 miles and tract 25 is on the right and tract 26 is on the left. From the intersection of Jabo Lane and Route 203 continue east on Route 203 for 0.3 miles and tract 27 will be on the right. TRACTS 28-31, APPLING COUNTYFrom Baxley, Georgia: From the intersection of Route 1/4/15 and Route 341/27 in Baxley, go south on Route 341/27 for 2.2 miles. Turn left on Route 144 East and go 1.4 miles and tract 30 will be on left and right. Continue to stop sign and turn left and tract 31 will be on the right (north side of road). From same stop sign turn right (east) and tract 29 will be on the left (north side of road). Continue 0.2 miles and turn left on Dunham Lane for access to tract 28. Tract 30 also fronts on Route 144.

AUCTION LOCATION

AUCTION LOCATION: Waycross Exchange Club Center - Waycross Ga. 2401 Knight Avenue, Waycross, GA 31503-9545 (912) 283-7617 From the intersection of Route 82/520 and Route 1/23/4 in Waycross, go east on Route 82/520 for 1 mile and turn left. Cross railroad tracks and Center will be in site.

TRACT MAP(S)

Tract map - Georgia Land Auction - 1,594+/- Acres in 31 Tracts

AREA MAP(S)

Area map - Georgia Land Auction - 1,594+/- Acres in 31 Tracts

PROCEDURE: The property will be offered in 105 individual tracts, any combination of tracts, and as a total unit. There will be open bidding on all tracts and combinations during the auction. Bids on tracts, tract combinations, and the total property may compete.

DOWN PAYMENT: 10% down payment on the day of auction with the balance at closing. The down payment may be made in the form of cash, personal check with bank letter, cashiers check, or certified 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: All successful Bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Seller's acceptance or rejection.

DEED: Seller shall provide a Limited Warranty Deed.

EVIDENCE OF TITLE: The Seller agrees to furnish Bidders preliminary title insurance commitment to review prior to Auction. The cost of title insurance, if the Buyer(s) elect to have the title commitment executed, will be the responsibility of the Buyer(s). Seller agrees to provide merchantable title to the property subject to matters of record, general conditions of title, and similar related matters. All tracts sold "AS IS".

REAL ESTATE TAXES: Taxes for 2010 will be prorated between Seller and Buyer at closing.

BUYER'S PREMIUM: A 10% Buyer's Premium will be added to the final bid price and included in the total purchase contract.

CLOSING: Closing shall take place 30 to 45 days after auction, or as soon thereafter as applicable closing documents are completed.

POSSESSION: Possession of the property shall be given immediately upon closing.

SURVEY: A new survey will be available for each tract in the auction. Actual survey expense will be the responsibility of the Buyer.

PROPERTY INSPECTION: Each potential Bidder is responsible for conducting at their own risk, their own independent inspections, investigations, inquires, and due diligence concerning the property before the auction. Inspection dates have been scheduled and will be staffed with auction personnel. Please feel free to inspect at any other time.

AGENCY: Schrader Real Estate and Auction and Woltz & Associates, Inc. and their representatives are Exclusive Agents of the Seller.

BROKER PARTICIPATION: Broker participation available. Call auction company for details.

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. 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 STATEMENTS MADE. The property is 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. The information contained in this brochure is believed to be accurate but subject to verification by all parties relying on it. Neither the Seller nor the Auction Companies assume any liability for its accuracy, errors or omissions. All sketches and dimensions in this brochure are approximate. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and the Auction Companies 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.

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

OWNER: TerraPointe LLC, a subsidiary of Rayonier Inc.