REAL ESTATE AUCTION

2 BEDROOM MOBILE HOME ON NICE CORNER LOT

SALEM, IOWA

Located at 209 North Maple

(2 blocks north of the northeast corner of square)

THURSDAY, DECEMBER 10, 2009 AT 3:OO P.M.

THIS REAL ESTATE POSITIVELY SELLS TO THE HIGHEST BIDDER!

www.menkehoyerauction.com

DESCRIPTION OF MOBILE HOME AND LOT

·        Kitchen with linoleum floor, broom closet, double well sink w/disposal, gas stove, exhaust hood and Westinghouse refrigerator.

·        Living room with carpet and front entry.

·        Bedroom with carpet and 2 closets.

·        Bedroom with carpet and closet.

·        Bathroom with linoleum floor, tub/shower, linen storage and laundry hook-ups.

·        Home has a Miller gas forced air furnace, central air and Rheem electric water heater.

·        Concrete patio in front and rear, both with metal awnings.

·        Situated on a nice corner lot measuring 70’ X 148.5’ with all city utilities.

 REAL ESTATE TAXES (approximate)

            Mobile home tax: $80.00

            Land Real Estate Tax: $40.00

TERMS:  50% down payment on December 10, 2009.  Balance to be paid upon delivery of              

                 merchantable abstract and deed with a proposed closing date of January 11,

                 2010.

POSSESSION:  Day of closing.

REAL ESTATE TAXES:  To be prorated to date of possession on the basis of the last

                                              available tax statement and all prior taxes.

RESERVATION:  All unattached personal property & 500 gallon LP tank (leased).

INCLUSIONS:  All window treatments, gas stove & refrigerator.

GENERAL INFORMATION & SPECIAL PROVISIONS: 

·        Assessor states the home has 784 sq. ft. of living space.

·        Seller states the furnace and central air are approximately 2 years old.

·        The water heater was new in approximately 2004.

·        Buyer will reimburse the Seller for the LP gas remaining in the tank at the time of closing based upon market price that day.

·        Seller shall not be obligated to furnish a survey.

·        The home is located in the Mt. Pleasant School District.

·        Electricity is on in the home, the water is turned off.  The home has been winterized however a water pipe under the home has broke.  Also the roof is in need of repair.

·        The seller has no knowledge of lead-based paint and/or lead-based paint hazards in the housing & has no records or reports pertaining to lead-based paint and/or lead-based paint hazards in the housing.

·        The buyer acknowledges that he/she has carefully and thoroughly examined the real estate and is familiar with the premises.  The buyer is buying this real estate “as is” and there are no express or implied warranties pertaining to the same.

·        If, in the future, a site cleanup is required, it shall be the expense of the buyer/buyers.

·        This real estate is selling subject to public road easements, utility easements and all other easements of record.

ELSIE P. CRAIG - OWNER

Gary L. Wiegel of Wiegel Law Office, Suite 102, 114 E. Monroe Street, P.O. Box 488, Mount Pleasant, Iowa 52641 – Attorney for Seller

MENKE – HOYER AUCTION & REALTY CO., INC.

306 E. Main Street – P.O. Box 8 – New London, Iowa 52645

Partners of FRAISE AUCTION & REAL ESTATE