ABSOLUTE AUCTION - 9 Prime Lots Ready to Build!

ABSOLUTE AUCTION - 9 Prime Lots Ready to Build!

Centerville, Indiana

Owner: Archway Development, LLC Thu, Nov 5, 2009 EASTERN

AUCTION IS OVER

• Prime Building Lots • All Utilities on Lots • Each Lot has Frontage • Ready to Build • 2 Blocks from Centerville High School • No Time Restrictions to Build


OPEN HOUSE/INSPECTION DATES

Saturday, October 31, 2009 9AM - 11AM

PROPERTY LOCATION

West edge of Centerville, IN (5 miles west of Richmond, IN). From Hwy. 40 turn on McMinn Road south to subdivision on west side.

AUCTION LOCATION

Mansion House on Hwy. 40 in downtown Centerville. 1-1/2 block east of stoplight at 214 East Main St.

TRACT DESCRIPTIONS

Tract 1: 0.5± ac Lot 1 of Archway Village Estates Subdivision

Tract 2: 0.5± ac Lot 3 of Archway Village Estates Subdivision

Tract 3: 0.5± ac Lot 4 of Archway Village Estates Subdivision

Tract 4: 0.5± ac Lot 5 of Archway Village Estates Subdivision

Tract 5: 0.5± ac Lot 7 of Archway Village Estates Subdivision

Tract 6: 0.5± ac Lot 8 of Archway Village Estates Subdivision

Tract 7: 0.5± ac Lot 11 of Archway Village Estates Subdivision

Tract 8: 0.5± ac Lot 12 of Archway Village Estates Subdivision

Tract 9: 0.5± ac Lot 13 of Archway Village Estates Subdivision

EQUIPMENT & PERSONAL PROPERTY


AREA MAP

Satellite area map of the auction location near Centerville, Indiana

TRACT MAP(S)

Tract map - ABSOLUTE AUCTION - 9 Prime Lots Ready to Build!

AREA MAP(S)

Area map - ABSOLUTE AUCTION - 9 Prime Lots Ready to Build!

PROCEDURES: The property will be offered in 9 individual Lots, any combination of Lots, or as a total unit. There will be open bidding on all Lots and combinations during the auction as determined by the Auctioneer.

DOWN PAYMENT: Real Estate 10% down payment on the day of the auction with the balance in cash at closing. The down payment may be made in the form of cash; cashiers 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.

ACCEPTANCE OF BID PRICES: Successful bidder(s) will be required to enter into a purchase agreement at the auction site immediately following the close of the auction. All lots to be sold to highest bidder.

EVIDENCE OF TITLE: Sellers shall provide an owners title insurance policy in the amount of the purchase price.

DEED: Sellers shall provide Corporate Deed.

CLOSING: The balance of the real estate purchase price is due at closing, which will take place estimated on or before December 1.

POSSESSION: Shall be given on the date of closing.

REAL ESTATE TAXES: The real estate taxes shall be prorated to date of closing. Estimated $36 to $44/yr. per lot.

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

SURVEY: To be sold with current platted description.

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

AGENCY: Schrader Real Estate and Auction Company, Inc. 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 persons credentials, fitness, etc. All decision of the Auctioneer is final.

ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. AUCTION COMPANY OR OWNER NOT RESPONSIBLE FOR ACCIDENTS.

None at this time