WEDNESDAY, OCTOBER 27, 2010

                                                                                   2 P.M. (Sharp!)

                                               NOTE:  This property may be purchased prior to auction by

                                contacting Johnny Swalls with an offer and the Seller will act on the offer. 

                                 The deadline for making this offer is Noon, Tuesday, October 26, 2010.

                                                                            First accepted Offer Buys!

This real estate consists of two tracts on 16 acres with a creek running through the center of it. Each tract will be 8 Acres m/l.

The property may be purchased in 2 Tracts, or as a whole. These tracts are close to shopping and the hospital.

The 16 Acres has a creek running from east to west through the center; the creek has a waterfall.  

The 16 Acres has two water meters and a water hydrant. The center of the creek will be the dividing line for the two tracts.

Tract 1: This tract is located on Lone Tree Road. Access to its own city water. Tract 1 will have an easement to the meter on Tract 2.

Tract 2: This tract is also located on Lone Tree Road. It is the south part of the 16 Acres. There are two meters on this tract

with one available to Tract 1. Tract 1 will have an easement to the meter on Tract 2. There is a no-freeze water hydrant.

PARCEL NUMBER: 28-04-30-000.008.000-015                    LEGAL DESCRIPTION: NWNW 30-8-6

REAL ESTATE TAXES: The real estate taxes are $300.00 for per year & will pro-rated at closing.

TERMS OF REAL ESTATE:  The Successful Bidder will deposit 10% of the contract purchase price (except for exempt entities)

at the auction in the form of cash, cashier’s check or approved personal check or company check with bank letter of guarantee

(no bank drafts). The Buyer will sign a non-contingent real estate contract with the balance due in 30 days or thereafter within

5 days of presentation of insurable title. The Real Estate will be sold “AS-IS” with no warranty, expressed or implied, but will be

free and clear of any liens or encumbrances. An ALTA 2006 Title Insurance Commitment in the amount of the contract price

will be supplied to the Buyer by the Seller and Seller shall pay for title search, premium for owner’s policy and cost to correct

any title defects. If obtaining a loan, the Buyer shall pay the mortgage policy and recording of necessary documents. The Auction

will conclude when the Auctioneer determines that all buyers have made their best and final offers. Anyone desiring to bid must be

approved prior to sale by Johnny Swalls. Any statements made by the Auctioneer day of sale or during the sale take precedence over

any oral or written heretofore. 

BUYER’S PREMIUM:  The Buyer will pay a 6% Buyer’s Premium which will be added to the bid price to arrive at the contract price.

The Buyer is only required to pay 10% down, of the contract price, day of sale.

SURVEY INFORMATION: Survey will be paid by the Buyer if one is needed & shall not delay closing. No survey if sold as a whole.

MINERAL RIGHTS: All coal, fireclay, gas and underlying minerals owned by the Seller will be transferred to the Buyer.

POSSESSION:  At day of closing & not before.

SALE LOCATION: Gibson Home at RR1 Box 3360, Jasonville, IN

FOR SHOWING, CALL: 812-495-6119 or 1-877-696-5099

EMAIL: auctions@jswalls.com

AUCTIONEER/BROKER: Col. Johnny Swalls, CAI, AARE, GPPA, CAGA, CREA, IN AU01026257 PB20803178

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