HIGHLY PRODUCTIVE SOILS FOR QUALITY HIGHLY PRODUCTIVE SOILS FOR QUALITY HARDWOOD GROWTH!
These properties support mostly upland hardwoods such as white oak, red oak, sugar maple, black walnut, black cherry and yellow poplar with a significant volume of sawtimber. It is currently estimated that the Indiana tracts support approximately 28,000,000 Bd/Ft. of sawtimber. The timber has been well managed with an overall management goal of producing quality sawlogs. Timber harvesting has been performed for the most part by company crews employing a selective system of harvesting. Trees selected for removal included not only stems that have reached maturity, but also trees of poor quality and less desirable species, therefore, improving the overall quality of the growing stock. Access is generally good with many tracts having frontage on public roads. Several properties have shared boundaries with the Hoosier National Forest.

PROPERTY DESCRIPTION:

TRACTS 1-3: Dubois Co. 218± Acres. These tracts are only minutes outside of Jasper with frontage on paved Meridan Road neighboring Sultans Run Golf Course. Property has a long frontage on the Patoka River, and support both sawtimber size bottomland and upland hardwoods species, including ash, sweetgum, soft maple and yellow poplar. Besides the exceptional timber quality these tracts offer a great wildlife habitat! Excellent road network throughout.

TRACTS 4-9: Martin Co. Tracts 4 - 8: 225± Acres. These tracts have road frontage on Burns Lane and support a substantial volume of black oak, red oak and white oak sawtimber. In addition, there are several wide flat old field ridges that support 15 year old planted virginia and white pine. This diverse forest type provides a good wildlife habitat.
Tract 9: 82± Acres. This well managed tract was selectively harvested in 2005. It has road access off of CR 47. The predominant species is oak and hickory with area of regenerated yellow poplar. Rural water is available.

TRACTS 10-15: Orange Co. 204± Acres. These exceptional tracts are only minutes from French Lick and all have frontage on paved county roads. Tracts 10-13 have access to the Army Corp maintained watershed lake. A beautiful setting for recreation or a residence! These tracts support black oak, red oak and yellow poplar sawtimber. Rural water is available.

TRACT 16: Dubois Co. 60± Acres. Conveniently located on SR 56 just west of French Lick, the tract was last harvested in 2001 and now supports a well managed stand of hard maple and yellow poplar. There is a small stream on the property, and rural water is available. Imagine the possibilities!

TRACTS 17-18: Dubois Co. 75± Acres. These tracts have frontage on a county road and border the railway being renovated to access the French Lick Casino from the Jasper area. Dillon Creek runs through the bottom. The timber is well managed, having had an improvement cut in 2006 and now support hard maple, and yellow poplar. An excellent property!

TRACTS 19-20: Orange Co. 170± Acres. These tracts are each easily accessed from paved county roads with new stone on the access into Tract 19. Abundant wildlife can be found due to the diversity of the habitat in the area. Tract 19 was last harvested in 1994 and now supports quality sawtimber with the dominant species being yellow poplar, white oak and red oak. Tract 20 had an improvement cut in 2005 and now supports white oak, chinquapin oak, black oak and sugar maple. Rural water is available on Tract 20.

TRACTS 21-22: Orange Co. 285± Acres. These great tracts join the Hoosier National Forest. Tract 21 has access from a paved county road. Tract 22 is a swing tract and must be combined with Tract 21 unless purchased by an adjoining neighbor. An improvement cut was applied to these tracts in 1999. They now support a significant volume of sawtimber with the dominant species being black oak, red oak and white oak. There are a few old fields that were planted to pine prior to the 1950s. Rural water is available.

TRACTS 23-27: Orange Co. 309± Acres. These very desirable tracts are located just outside of the village of Valeene, all with frontage on paved county roads. Tract 27 joins the Hoosier National Forest and has a mature high quality stand of hardwoods. It also has frontage on the Patoka River. Tract 26 supports a significant volume of sawtimber made up of black oak, white oak and yellow poplar. Tracts 23-25 support predominant stands of white pine and red pine that were planted in the early 60s following the abandonment of agricultural fields that used to grow broom straw. A great opportunity to buy at auction!

TRACTS 28-30: Orange Co. 214± Acres. These are exceptional tracts with each having frontage on the beautiful Patoka River. Tracts 28 and 29 support walnut plantations which were established in the early 1970s. Tract 30 supports predominantly black oak, white oak, hickory and yellow poplar with the last silvicultural operation being carried out in 2002. A fresh water spring flows from the hillside on tract 30.

TRACTS 31-32: Orange Co. 150± Acres. These great hunting tracts are easily accessed off of a county maintained road. The predominant species on these tracts include: black oak, white oak and hickory. It was harvested in 1993 by the previous landowner. A small stream borders Tract 31.

TRACT 33: Crawford Co. 173± Acres. This large tract offers timber value and exceptional hunting potential. The last silvicultural activity was carried out in 1991 leaving a stand of sawtimber dominated by yellow poplar, hard maple and black oak. There are areas of old field plantations of white pine. The property is easily accessed from paved county road frontage. A great location near Patoka Lake! Rural water is available.

TRACTS 34-36: Crawford Co. 190± Acres. These are great investment tracts located just off of SR 64. There is timber value and great hunting potential. These tracts had an improvement cut in 2006 and now support a well managed stand of white oak, black oak, red oak and hickory. Tract 34 and 36 join the Hoosier National Forest.

TRACTS 37-51: Dubois Co. 610± Acres. This property includes a great mix of tillable and timberland containing pine plantations and mixed hardwoods. Tract 37 includes an old field plantation of loblolly and white pine along with a nice pond. Agland buyers should consider combining Tracts 38-40, 47, 59 & 50 for approx. 112 acres tillable. There is an old homestead and barn on Tract 40, a horsebarn on Tract 45 as well as a barn on Tract 50. There is great paved road frontage on Mentor Rd and rural water. Tract 43 contains black and white oak with some sawtimber volume. Tracts 44, 49, & 51 adjoin the Ferdinand State Forest. This property has something for everyone. Rural water is available along Mentor Rd.

TRACTS 52-55: Perry County 200± Acre. These tracts are located just north of I-64 and are easily accessed off of a county maintained road. The last silvicultural activity on these tracts was in 2000. They now support sawtimber size hardwoods with the predominant species being red oak, white oak, and yellow poplar. There are also old field plantations of white pine that were established in 1966. Tract 52 borders a piece of the Ferdinand State Forest.

AUCTION LOCATION:

French Lick Resort & Casino Conference Center
8670 West State Road 56 French Lick, Indiana 47432
Toll Free: 888-936-9360
Phone: 812-936-9300

By Auto
From Louisville - 68 Miles - 70 Minutes: Take I-64 West to SR 37 North (Tell City-exit 79) / IN-145, Continue to follow IN-145 to French Lick.
From Indianapolis - 108 Miles - 2-1/2 Hours: South on Route 37 to Paoli, Hwy. 56 West - 10 miles to French Lick.
From Cincinnati - 142 Miles - 3 Hours: A. I-71 to Carrollton - Ky. 36 to Milton over bridge to Madison - West on 56 through Paoli to French Lick. B. Take I-71 to Louisville - to I-64 West to SR 37 North (Tell City-exit 79) / IN-145, Continue to follow IN-145 to French Lick.
From Evansville - 90 Miles - 2 Hours: I-64 East to SR 37 (Tell City-exit 79) / IN-145, Continue to follow IN-145 to French Lick.
From Chicago - 275 Miles - 5 Hours: Route I-90 Southeast to I 65 South, to I-465 South & West at Indianapolis. Take Route 37 South to Paoli, Hwy. 56 West - 10 miles to French Lick.
From Nashville - 240 Miles - 4 1/2 Hours: I-65 North to Louisville to I 264 West to 64 West to SR 37 North (Tell City-exit 79) / IN-145, Continue to follow IN-145 to French Lick.
From St. Louis - 208 Miles - 4 Hours: I-64 East to SR 37 North (Tell City-exit 79) / IN-145, Continue to follow IN-145 to French Lick.

By Air
Several major airlines fly into Louisville. From there you have a choice of limousine, taxi, bus, or rental car. You may also fly a charter or private plane directly to the French Lick Municipal Airport.

LODGING:

French Lick Springs Hotel - established in 1845 with the original current wing built in 1901, this classic resort hotel has now been completely restored returning it to its original charm and grandeur.
Phone: 888-936-9360

West Baden Springs Hotel - a historic landmark hotel in the town of West Baden Springs, known for its vast domed atrium.
Phone: 812-936-1902

INSPECTION INFORMATION:

Inspection Headquarters:
8377 West SR 56, French Lick, IN.
From the junction of US 150 and SR 56 on the north edge of French Lick, travel south on SR 56 1.3 miles to the inspection headquarters on left (east) side of road.

Inspection Dates (EST):
Friday, September 19 · 3:00pm - 6:00pm
Saturday, September 20 · 9:00am - 1:00pm

Friday, October 3 · 3:00pm - 6:00pm
Saturday, October 4 · 9:00am - 3:00pm
Sunday, October 5 · 10:00am - 2:00pm

Tuesday, October 21 · 3:00pm - 6:00pm
Wednesday, October 22 · 3:00pm - 6:00pm

Thursday, October 30 · 3:00pm - 6:00pm
Friday, October 31 · 3:00pm - 6:00pm
Saturday, November 1 · 9:00am - 1:00pm

PROPERTY LOCATION:

Aerial Photos of each Tract Below the Tract Directions
(Click on Thumbnail of Image to See Larger View)

SESSION B
TRACTS 1 - 3: From the intersection of SR 162 (3rd Ave) and SR 164 (2nd Ave) on the south side of Jasper, turn east on SR 164 and travel 1.2 miles to Meridian Road. Turn left (north) on Meridian and travel 1.2 miles to the property on the left side of the road.
TRACTS 4 - 8: From the intersection of SR 56 and SR 145 in French Lick, travel west on SR 56 5.7 miles and turn right on CR 1100E. Travel 1.9 miles to the intersection with Emmons Ridge Road at Emmons Ridge Cemetery. Turn right at Emmons Ridge Cemetery and go 50 feet to the property on the left side of the road. Continue .1 mile and turn right on Burns Lane (gravel road). Tracts 5 - 8 are located east on Burns Lane.
TRACT 9: From intersection of CR 1100E and Emmons Ridge Road at Emmons Ridge Cemetery, travel north .5 miles to Tract 9 on the left side of the road.
TRACTS 10 - 15: From the intersection of SR 56 and SR 145 in French Lick, travel south on SR 145 1.3 miles to CR 125S. Turn left on CR 125S and travel .1 miles and bear to the right at intersection with CR 810W. Continue 1.9 miles to Tracts 10 - 12. Continue to the intersection of CR 275 and CR 625. Turn right and travel .1 miles to Tracts 13 - 15.
TRACT 16: From the intersection of SR 145 and SR 56 in French Lick, travel west on SR 56 4.6 miles to the property on the left (just past the County Line sign).
TRACTS 17 - 18: From the intersection of SR 145 and SR 56 in French Lick, travel west on SR 56 6.6 miles to Cuzco Rd. Turn left on Cuzco and travel 2.2 miles to Cuzco Norton Rd. Turn left on Cuzco Norton and travel .9 miles to the property on the right just past the railroad tracks.
TRACTS 19 - 20: From the intersection of SR 37 and US 150, downtown Paoli, travel east on US 150 10 miles to CR 750E at Rego. Turn left (north) on CR 750E (becomes CR 755E) and travel 2.3 miles to CR 300S. For Tract 19 turn west (left) on CR 300S and travel .8 miles to the property on the right side of the road. For Tract 20 continue north on CR 750/755E .4 miles to CR 250S. Turn left on CR 250S (becomes Rego Millersburg Rd) and travel 1.2 miles to the property on the left side of the road.
TRACTS 21 - 22: From Valeene: From the intersection of CR 325E and CR 820S (Valeene-Hardinsburg Rd) in Valeene, travel east on CR 820S 2.7 miles to Oak Grove Rd (CR 575E). Turn left on Oak Grove and travel .7 miles to the property on the left side of the road. From Paoli: From the intersection of SR 37 and US 150 in Paoli, travel east on US 150 8.8 miles to CR 675E. Turn right on CR 675E and travel 2.1 miles to the property on the right side of the road.
TRACTS 23 - 27: From Valeene: From the intersection of CR 325E and CR 820S (Valeene-Hardinsburg Rd) in Valeene, travel north .4 miles on CR 325E to the property on the left side of the road. From English: From the intersection of SR 37 and SR 64 at English, travel north on SR 37 5 miles to Bacon Rd (CR 1025S). Turn right on Bacon and travel 3.9 miles to the intersection of CR 825S and CR 325E (at Valeene Christian Church). Turn left on CR 325E and travel .7 miles to the property on the left side of the road.
TRACTS 28-30: From Valeene: From the intersection of CR 325E and CR 825S on the south side of Valeene, travel west on CR 825E 1.7 miles to the property on both sides of the road. From English: From the intersection of SR 37 and SR 64 at English, travel north on SR 37 5 miles to Bacon Rd (CR 1025S). Turn right on Bacon and travel 2 miles (road becomes CR 840S) to the property on the left side of the road.
TRACTS 31 - 32: From Valeene: From the intersection of CR 325E and CR 820S (Valeene-Hardinsburg Rd) in Valeene, travel south on CR 325E 1.1 miles to CR 910S (a gravel road). Turn right on CR 910S and travel .2 miles to the property on both sides of the road. From English: From the intersection of SR 37 and SR 64 at English, travel north on SR 37 5 miles to Bacon Rd (CR 1025S). Turn right on Bacon and travel 3.9 miles to the intersection of CR 825S and CR 325E (at Valeene Christian Church). Turn right on CR 325E and travel .7 miles to CR 910S. Turn right on CR 910S and travel .2 miles to the property on both sides of the road.
TRACT 33: From the intersection of SR 37 and SR 64 at English, travel north on SR 37 3.5 miles to Zoo Rd. Turn left on Zoo and travel 2.9 miles to Browntown Rd. Turn right on Browntown and travel .6 miles to Jericho Rd. Turn left on Jericho and travel .4 miles to the property on the right side of the road.
TRACTS 34 - 36: From intersection of SR 64 and SR 145 in Birdseye, travel east on SR 64 (towards English) 4.8 miles to Anderson Creek Rd. Turn right on Anderson Creek and travel .3 miles to the property on the right side of the road.
TRACTS 37 - 51: For Tracts 40 - 43: From the intersection of SR 64 and SR 145 in Birdseye, travel west on SR 64 1.4 miles (Mentor) to CR 1000E. Turn left on CR 1000E, cross the railroad tracks and turn right. The property begins on the right. The house at the end of the gravel road is out. From SR 64 continue west for .3 miles to the lane across the railroad track for access to the house and barn on Tract 40. For Tracts 37 - 39: Continue west on SR 64 for another .2 miles and turn left on Mentor Rd. Travel less than .1 miles and turn right on gravel road for access to Tract 37. Continue on Mentor Rd for frontage for Tracts 38, 39 and 44 - 51.
TRACTS 52 - 55: From the intersection of I-64 (exit 72) and SR 145, east of Ferdinand, travel north on SR 145 .2 miles to CR 205 (Chaplin Rd). Turn right on CR 205 and travel 1.9 miles to the intersection of CR 205 and CR 208 (October Rd). Turn left and continue on CR 205 .3 miles to property on both sides of the road.

AUCTION TERMS & CONDITIONS:

BUYERS PREMIUM: A 3% buyers premium will be added to the final bid price and included in the total purchase price.
PROCEDURE: The Property will be offered in 64 individual tracts in Session A and 55 individual tracts in Session B, any combination of tracts and as a total unit for each Session respectively at the dates and times as noted in this brochure. There will open bidding on all tracts and combinations during the respective Sessions as determined by the Auctioneers. Bids on tracts, tract combinations, and the total property may compete.
DOWN PAYMENT: 10% of accepted bid price as down payment on the day of auction with the balance in cash at closing. If the bidder pre-registers with the Auction Company on or before Friday, October 31, then cash or a personal check will be accepted for the down payment (contact Auction Company for a pre-registration form or visit www.schraderauction.com. If the bidder does not pre-register, a bank letter of credit or guarantee will be required with a personal check, OR bidder must present a $10,000 cashier's check with a personal check for the balance of the down payment (if any balance exists) on auction day. 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 a Purchase Agreement 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 Special Warranty Deed.
EVIDENCE OF TITLE: Seller agrees to make available to bidder a 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.
REAL ESTATE TAXES: Taxes for the calendar year 2008 will be paid by the Seller. All taxes for the 2009 calendar year and thereafter shall be the responsibility of the buyer(s).
CLOSING: Closing shall take place on or about January 10, 2009, or as soon thereafter as applicable closing documents are completed, at a location designated by Seller. With respect to the timing of bidder(s) fulfilling its obligations under a Purchase Agreement, time is of the essence.
POSSESSION and RISK OF LOSS: Possession of the property and risk of loss thereto shall be given immediately upon Closing.
ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have 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 this auction. Any need for a new survey shall be determined solely by the Seller. Seller and successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Seller's option and sufficient for the issuance of an owner's title insurance policy. Combination purchases will receive a perimeter survey only. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres on all tracts and tract combinations.
CLASSIFIED FOREST & WILDLIFE HABITAT: Most of the non-cropland tracts in Indiana are enrolled in Classified Forest and Wildlife Habitat. Buyer(s) shall assume seller's position including benefits and responsibilities of these programs and shall execute any requested paperwork to implement. Any withdraw from the program must be done at the cost of the Buyer(s). No tract with less than 10 acres of woods can remain in the program.
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. Inspection dates have been scheduled and will be staffed with auction personnel. Bidder shall be liable for any Property damage caused by bidder's inspection and investigation, if any.
AGENCY: Schrader Real Estate and Auction and Woltz & Associates, Inc. and their representatives are the Auctioneers and exclusive agents of the Seller regarding the sale of the Property.
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 "AS IS, WHERE IS". No warranty or representation, either express or implied, or arising by operation of law concerning the Property is made by the Seller or Auctioneers, and are hereby expressly disclaimed. In no event shall Seller or the Auctioneers be liable for any consequential damages. The information contained in this brochure is believed to be accurate but subject to verification by all parties relying on it. Seller and the Auctioneers assume no 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 Auctioneers. Seller and the Auctioneers reserve the right to preclude any person from bidding if there is any question, in the sole judgment of Seller or the Auctioneers, as to such person's creditworthiness, ability or willingness to close on the purchase of the Property, credentials, fitness, etc. All decisions of the Auctioneers 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.
STOCK PHOTOGRAPHY: Some photography reflecting outdoor recreation activities are used for illustrative purposes.
SELLER: Kimball International, Inc.