Beckort Auctions

ABSOLUTE REAL ESTATE AUCTION

SELLS TO HIGHEST BIDDER-NO RESERVE

TOWN OF LANESVILLE

Address: 7125 Main Street, Lanesville, IN

THURS. OCT. 9 6 PM

REAL ESTATE: Built in 1950, the two story home is located in friendly downtown Lanesville. This home includes 2304 sq. ft, five bedrooms, one bath, ľ basement, hardwood floors & original wood trim on first & second floors, ceiling fans, large country concrete front porch, & mature shade. Approx. $30K spent on home in last 10 years! Utilities include Town of Lanesville sewer & water, Duke electric, LP forced air furnace (sells with 500 gal LP w/375 gal LP). Some updates are required, but a cute home with lots of character in a great area!

TAXES: $393/year

BROKER CO-OP: Call for details, agents/brokers must be registered 24 hrs prior to auction!

INSPECTION: By appointment, call (812)738-9476.

OWNER: O.R. McClellan

DIRECTIONS: Located in downtown Lanesville on SR 62. From I-64 exit 105, south on Crandall-Lanesville Rd 2.2 miles, then left (east) 0.3 Miles to site.

REAL ESTATE TERMS & CONDITIONS:

METHOD OF SALE: Beckort Auctions, LLC will offer this property at public auction to the highest bidder on Oct. 9, 2008. Each bid shall constitute an offer to purchase, and the final bid shall constitute a binding contract between the Buyer(s) and the Seller(s). The auctioneer will settle any disputes as to bids, and his decision will be final.

DOWN PAYMENT: 10% (non-refundable) down payment due day of auction, with balance due within 30 days 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.

ACCEPTANCE OF BID PRICES: The real estate sells to the highest bidder. The successful bidder will be required to enter into a purchase agreement at the auction site immediately following the close of the auction.

ABSENTEE BIDDING: Confidential absentee buyer registration is available upon prior arrangements with Auction Company.

CLOSING: The balance of the purchase price is due at closing, which will take place within 30 days of auction.

DEED: The Seller(s) will provide a General Warranty Deed at closing.

EVIDENCE OF TITLE: The Seller(s) have had Title Searches performed prior to auction, which are available upon request.

POSSESSION: Possession at closing.

ACREAGE: All tract acreages, dimensions and proposed boundaries have been estimated based on current legal descriptions & title searches.

EASEMENTS: The sale of this property is subject to any and all easements or record.

REAL ESTATE TAXES: Taxes will pro-rated to day of closing.

DISCLAIMER & ABSENCE WARRANTIES: All information contained in this article and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold as an AS IS, WHERE IS basis, and no warranty or representation either expressed 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 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 seller or the auction company. Conduct of the auction and increments of biddings are at the direction and discretion of the auctioneer. The seller and selling agents reserve the right to preclude any person if there are any questions as to the person’s credentials, fitness, etc. All decisions of the auctioneer are final. All announcements made day of auction take precedence over previously printed or stated information.