TERMS:

Real Estate Investment Auction

Lot #1 - 1501 S Madison St
Lot #2 - 321 W Hillside Dr
Bloomington, IN - Monroe County - Perry Township

Legal Descriptions
015-32595-00 LIBEY LOT 2; .46A 015-13930-00 LIBEY LOT 3 .26ACRE
015-32610-00 PT NE NE 8-8-AW .08A

The property will be sold at Public "Online Only - Internet Auction" ending Wednesday November 30, 2016 at 2:00pm (soft close)

To be approved as an online bidder a signed copy of the terms and conditions along with a signed bidder's certification must be received and approved by the auction office. Electronic files will be emailed upon "online registration"

The properties will be Sold Subject to Seller's Confirmation. The seller reserves the right to reject any and all bids.

Property sells As-Is with no warranties expressed or implied

The auction is Subject to prior sale (the properties can be purchased prior to the end of the auction)

The seller reserves the right to cancel the auction at any time prior to the final bid closing

Buyers Premium
A 12% buyer's premium will be added to the final bid and charged to the buyer, the final bid plus the 12% buyer's premium will establish the final sales price.

A $25,000.00 Down payment Per property must be paid by the successful bidder by direct wire transfer within 24 hours of acceptance of the auction contract by the Sellers payable to Capstone Title Partners The down payment deposit will be non-refundable; your bidding is not conditional upon financing, so be sure you are prepared to pay cash at closing or have arranged your financing prior to bidding. The balance of the purchase price including the buyer's premium will be due via a wire transfer to the closing company, on delivery of insurable title on or before 10:00am, December 12, 2016

A promissory note will be signed along with the down payment.
Final closing is NOT contingent upon financing.
The property will be conveyed by a Warranty Deed.
The seller agrees to furnish buyer(s) with an owner's policy of Title Insurance Policy at closing.

Real Estate Taxes: the taxes will be prorated to the day of closing.
Closing:
Closing shall take place at the office of: Capstone Title Partners, 116 W 6th St, Bloomington, IN 47401
Closing fee will be paid by the buyer.
Closing will be held on or before 10:00 a.m. - December 15, 2016

Possession is subject to tenants' rights and current leases.

Rents will be prorated to the day of closing and tenants' damage deposits will be given over to the buyer.

The successful Bidder shall execute a "Real Estate Auction Sales Contract" for the property immediately after being declared the Successful Bidder by the Auctioneer.

Tim Ellis Realtors & Auctioneers along with United Country Coffey Realty & Auction and their representatives are exclusive agents of the Seller.

Seller: Maria Libey

All announcements made up to the final close of the Auction bidding take precedence over all advertising, oral or printed material. All marketing information and PIP materials were gathered from reliable sources and are believed to be correct as of the date they were published; however, the seller or auctioneers have not independently verified this information. Auction plats and drawings are not to be relied on and are for representation purposes only. Its accuracy is not warranted in any way. There is no obligation on the part of the sellers or auctioneer to update this information.



Open House: Thursday October 27, 2016 from 4:00pm to 6:00pm

SALE SITE: Internet Only: www.UnitedCountryIN.com

For questions call Jimmie Dean Coffey at United Country Coffey Realty & Auction (812) 822-3200 office (812) 287-7016 direct line or Tim Ellis (812) 322-3514

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