REAL ESTATE AUCTION TERMS & PROCEDURES

DOWN PAYMENT: A down payment of $5,000.00 will be made following the auction, with the balance due at closing. The down payment may be made in the form of cash, cashiers check, personal or corporate check. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed and are capable of paying in full at closing.

ACCEPTANCE OF BID PRICES: Successful bidder will be required to enter into a purchase agreement immediately following the close of the auction. The final bid price is subject to the Seller�s acceptance or rejection.

EVIDENCE OF TITLE: An ALTA Title Insurance Commitment in the amount of the Contract Price will be issued. Seller shall pay the fees incurred for title search and Seller�s title insurance policy.

DEED: Sellers shall provide General Warranty Deed.

CLOSING: The balance of the real estate purchase price is due at closing, which will take place on, or before, June 9, 2025.

POSSESSION: Possession will be given at closing.

REAL ESTATE TAXES: Seller to pay taxes for 2024 payable 2025. 2025 taxes will be prorated to the day of closing.

ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions.

SURVEY: No survey will be provided by the Seller.

EASEMENTS: Sale of the property is subject to all easements of record.

AGENCY: Wells Auction & Realty and its representatives are exclusive agents of the seller.

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. The property is being sold on �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, 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 Sellers or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Sellers and Selling Agents reserve the right to preclude any person from bidding if there is any question as the person�s credentials, fitness, etc. All decisions of the Auctioneer are final

This auction is for 42.17 acres which is located near 760 E County Road 300 S, 2 miles south of Dugger in Sullivan County, Indiana. To access this property, from the intersection of Hwy 54 and Hwy 159 in Dugger, go south on Hwy 159 1.7 miles to County Rd. 250 S. Turn west and go 1/4 mile to County Rd. 775 E. Turn south and go 1/2 mile to County Rd. 300 S. Turn west and go 3/10 mile to the property which is on the north side of the road. This land has been mined for coal and reclaimed. There is access to a 4.5 acre lake, with 2.25 acres of the lake deeded with this parcel. It offers opportunities for fishing, hunting, camping, hiking and ORV riding. If the activities on this property aren't enough to keep you occupied, the property is 1/2 mile from the Greene-Sullivan State Forest which is comprised of 9,000 acres and 120 lakes. It is also within a short drive of the 9,000 acre Goose Pond Fish and Wildlife Area, the 3,600 acre Hillenbrand Fish and Wildlife Area, and the 1,400 acre Redbird Off-Road State Recreation Area. You are welcome to drive by and view this property at any time. You may walk the property, but please do not take any motorized vehicles onto the property. Please read the Terms and Conditions, Payment and Auction Information sections before bidding in this auction. For registration purposes you must place credit card information on file with HiBid. Your credit card will not be charged for the down payment. Bidding will start to close at 7:00 p.m. on Monday, May 26, 2025. The Seller will consider the highest bid and accept or decline within 24 hours of the conclusion of the auction. Call with any questions.