Estate Auction- 2 Bedroom Home and Personal Property

Waynedale, IN - Allen County

Owner: Melvin Spaw Equipment & Personal Property at 3:00 PM EASTERN
Real Estate Tue, May 11, 2010 EASTERN

AUCTION IS OVER

• 2 Bedroom Home • Extra Size Lot • Outbuildings • Appliances • Furniture • Household • Tools and Lumber • Antiques, Collectibles • Outdoor, Lawn and Garden

PROPERTY LOCATION

7227 KUMFER DR., WAYNEDALE, IN DIRECTIONS: Kumfer Drive is next to Rich's Cafe, on Lwr. Huntington Rd

AUCTION LOCATION

On Site

PROPERTY DESCRIPTION

Home Features: Cherry Kitchen Cabinets in Large Eat-in Kitchen
Large Family Room next to Kitchen
Living Room in the front of home
Large Utility Room
Enclosed back porch
Newer Hot Water Heat Boiler
Security System
Heated shop with 30 & 40 amp electric
Enclosed Carport for garage or storage
Additional Storage Shed
Huge lot with large garden area
Annual Taxes: $262.00

TRACT DESCRIPTIONS

Tract 1: 7227 Kumfer Drive, Waynedale, IN

EQUIPMENT & PERSONAL PROPERTY

APPLIANCES, FURNITURE & HOUSEHOLD: Whirlpool Side-by-Side Conquest refrigerator Lady Kenmore washer & dryer Kenmore microwave Fagor pressure cooker Maple kitchen table & 6 chairs Sofas Loveseat Upholstered chairs Hammond Piper II organ Swivel bar chairs Glass inlay coffee & lamp tables Large cedar chest 4-Poster bed with large head & foot boards 4-Piece matching chest of drawers & night stands Metal day bed Small bookcase Small Sony radio Lamps Linens & bedding Jewelry stand Much misc. glassware & kitchenware Baking & cooking pans Antique childs rocker TOOLS: Assorted carpenter tools Misc. hand and power tools Small woodworking tools Wood clamps B & D Shop Mate B & D portable elect. saw Large bench vise Work bench Ladders Ladder jacks Misc. wrenches, hammers Miter saw Propane torch Small acetylene set Stihl 015 L chain saw 2 Wheeled cart Pipe roller stands Tool boxes Cable Rope Much misc. hardware Hardware bins OUTDOOR, LAWN & GARDEN, LUMBER: Cub Cadet 124 lawn tractor Snowblower Push type Leaf Vac System Lawn mower Large lawn roller Wheel barrow Craftsman edger Lawn wagon Echo gas weed eater Battery charger Garden fencing Reddy heater 2 Wheel dump cart Many misc. lawn & garden hand tools Fuel cans Bushel baskets Much misc. lumber pieces, some Walnut, some Hickory Rough sawn lumber ANTIQUES & COLLECTIBLES: Antique Wm L. Gilbert Swan clock Old pictures Childs rocker Yoke Cross cut saw Stools Grolsch beer bottles Old golf clubs Some misc. old glassware Antique pulley Old rotary telephone Antique metal phone Misc. primitives Granite coffee pot

AREA MAP

PROCEDURE: The property will be offered at oral auction.

DOWN PAYMENT: $1500 down payment on the day of auction with the balance in cash at closing. The down payment may be made in the form of cash, cashier's 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: The successful bidder will be required to enter into a purchase agreement at the auction site immediately following the close of the auction.

EVIDENCE OF TITLE: Seller shall provide an owner's title insurance policy in the amount of the purchase price.

DEED: Seller shall provide a Personal Representative's Deed.

CLOSING: The balance of the purchase price is due at closing, which will take place within 15 days of presentation of insurable title. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.

POSSESSION: Possession day of closing, immediately following the closing.

REAL ESTATE TAXES: Real Estate Taxes will be pro-rated to the day of closing. SURVEY: A new perimeter survey will be completed only if necessary for Title Work. The 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 providing title insurance.

AGENCY: Schrader Real Estate & Auction Co. of Fort Wayne, LLC., 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. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conduct of his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure is subject to verifications by all parties relying on it. The Seller or the Auction Company assumes no liability for its accuracy, errors, or omissions. Conduct of the auction and increments of bidding are at the discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the person's 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.