• SELLS ABSOLUTE to the highest bidder REGARDLESS OF PRICE! • 2297 S. 50 W., Albion, IN
ABSOLUTE Real Estate & Personal Property Auction
Noble County, Indiana - Just Southwest of Albion
Owner: The Estate of Ralph Whaley Ken Salge and Ronda Salge, Personal Representatives Equipment & Personal Property at 4:30 PM EASTERNReal Estate Thu, Jun 30, 2011 EASTERN
AUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Real Estate Open House: Mon., June 6, 5-7 PM & Mon., June 13, 5-7 PM
Call Dale Evans for a private showing.
PROPERTY LOCATION
2297 S. 50 W., Albion, IN 46701. Directions: From Merriam (just west of the intersection of Hwy 33 & St. Rd. 9) turn north on 50 W. Travel 2.1 miles to property (on east side.) Watch for signs. From Albion, travel south on St. Rd. 9 for 5 miles to 200 S. Turn west on 200 S. and travel .5 mile to 50 W. (at Burr Oak Church.) Turn south on 50 W. and travel .3 mile to property (on east side.) Watch for signs.
AUCTION LOCATION
On site.
TRACT DESCRIPTIONS
Tract 1: 2± ac 2126 square foot ranch with a Morton pole building on 2 acres. Mature trees and a park like setting.
EQUIPMENT & PERSONAL PROPERTY
Auto:
Auto Repair:
Lawn & Garden:
Furniture:
Tools:
Misc.:
AREA MAP
AREA MAP(S)
PROCEDURE: The property will be offered at public oral auction. DOWN PAYMENT: $2500 down payment on the day of auction with the balance in cash at closing. The down payment may be made in the form of cashier’s 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.
CLOSING: The balance of the purchase price is due at closing, which will take place within 30 days of presentation of insurable title. Costs for an insured closing shall be shared 50:50 between Buyer and Seller.
POSSESSION: Possession day of closing, immediately following the closing.
ABSOLUTE AUCTION: The successful bidder will be required to enter into a Purchase Agreement at the auction site immediately following the close of the auction. The property will be sold absolute to the highest bidder.
EVIDENCE OF TITLE: Seller shall provide an owner’s title insurance policy in the amount of the purchase price.
DEED: Appropriate deed will be delivered at closing.
REAL ESTATE TAXES: Real estate taxes will be pro-rated to the day of closing. SURVEY: A new perimeter survey will be completed only if necessary for closing. The seller and successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Seller’s option and sufficient for providing title insurance. AGENCY: Schrader Real Estate & 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 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 bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of the Auctioneer are final.
ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
None at this time
