TERMS AND CONDITIONS OF SALE
REAL PROPERTY LOCATED AT
8840 PECOR STREET, TOWN OF PORTLAND,
COUNTY OF CHAUTAUQUA, STATE OF NEW YORK,
IDENTIFIED AS PART OF TAX PARCEL: SECTION 161.02 BLOCK
1 LOT 58
WILL BE OFFERED FOR SALE AT PUBLIC AUCTION
ON FRIDAY, OCTOBER 21, 2016. BIDDING TO BEGIN AT 6:00
The auction will
be held on location at the property
Tax Parcel number 161.02-1-58, Approximately 5 acres with
398 Road frontage on the East side of Pecor Street.
(1.) This property
is being offered for sale AS IS, WHERE IS, with no guarantees or warranties
of any sort, either actual or implied, including but not limited to, plumbing,
heating, electrical, interior and exterior of all buildings, any fixtures, and
the land. The house is abandoned and unfit to live in and being sold as such,
in the event the Chautauqua County health department requires a sewer and water
test it is the sole responsibility of the purchaser to order, pay for such test
and also to pay for any and all repairs required by Chautauqua County after
(2.) All property boundaries are approximate, and no
guarantees of any kind are given with respect to the acreage shown on tax maps
or referred to in any existing deeds, surveys, or sale literature. If a land
survey is required or desired it is the responsibility of Purchasers to order
and pay for such survey.
(3.) Prospective Purchasers are responsible for
inspecting the property, being knowledgeable about its physical condition and
any existing zoning regulations, leases, easements, rights of way, or other
restrictions regarding its use, and understanding closing costs and fees, PRIOR
TO THE AUCTION.
(4.) The Opening bid on the property is $5,000.00
+ 10% Buyers premium a minimum Buyers premium of $1,500.00 will be charged. The
property sells absolute to the highest bidder / no reserve on and above the
successful high bidder will immediately sign a Contract for Sale of Real
Property and will place $ 2,500.00 in the form of cash or good check with Mike
Peterson Auction & Realty Service to be held in their escrow account until
(6.) The deposit
will NOT be refunded if the sale is not completed due to the default of the
Purchaser for any reason and therefore will be forfeited to the seller.
(7.) The deposit
WILL be refunded in full to the Purchaser if the sale is not completed due to
the default of the Seller for any reason.
(8.) The BALANCE
will be due and POSSESSION will be granted at CLOSING.
(9.) The Seller shall furnish a GOOD TITLE to the
Purchaser, free and clear of any liens or encumbrances, subject to any leases,
easements, rights of way, or deed restrictions of record. All sellers gas,
oil, mineral and timber rights will be conveyed to the purchaser at time of
COSTS - The Seller will pay for the Title Search update, The Purchaser will pay
for TP 584 Filing Fee, Deed Recording Fee, RP5217 Filing Fee, revenue stamps,
and any costs in obtaining financing. Each will pay own attorney fees.
purchaser shall have possession of said premises from and after the closing
(12.) Michael W. Peterson is acting only as Sales Agent
for the Seller, and has no personal interest in the property.
(13.) The Seller and or Auctioneer reserve the right to
sell the property prior to the auction or cancel the auction for any reason.
ANNOUNCEMENTS MADE BY THE AUCTIONEER
ON THE DAY
OF THE SALE WILL
TAKE PRECEDENCE OVER
ANY PRINTED MATERIAL.
THE SELLER AND
HIS SALES AGENTS WILL NOT BE HELD RESPONSIBLE FOR ANY ACCIDENTS SHOULD THEY
OCCUR BEFORE, DURING, AFTER, OR BECAUSE OF THE AUCTION.
Shoemaker, Fredonia NY 14063
ATTORNEY: Timothy Edes, Westfield NY
BROKER: Michael W. Peterson, Mike Peterson Auction and
1432 Kiantone Road, Jamestown, New York 14701
Telephone: 716-665-0668 Fax: 716-661-9629