ABSOLUTE AUCTION - 9 Prime Lots Ready to Build!
Thursday, November 5, 6:00 pm
Centerville, IN · Wayne County

Owner: Archway Development, LLC

REAL ESTATE PREVIEW:

Saturday, October 31,2009 09:00 AM  thru  11:00 AM

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

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

TO BE SOLD TO THE HIGHEST BIDDER(S)

Lot Numbers: Lot 1, Lot 3, Lot 4, Lot 5, Lot 7, Lot 8, Lot 11, Lot 12, Lot 13.

Features:

• Prime Building Lots
• Each Lot Has Street Frontage
• All Utilities on Property
• 2 Blocks to Centerville Jr./Sr. High School
• Subdivision Covenants Recorded
• All Ready to Build
• Great Investment Opportunity
• No restriction on time 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.