Tuesday, July 26, 2011 2:00 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 Monday, July 25, 2011, at 12:00 Noon.  First accepted Offer Buys.

REAL ESTATE: This aluminum sided home consists of 2 bedrooms, 1 bath, enclosed rear porch, full basement and a 1 car detached garage. This home has a gas forced air furnace, central air, electric box, city water & sewer. The home includes a washer, dryer, refrigerator, range, built in double oven, and range hood.

 PARCEL NUMBER: 61-11-07-000-388.100-002                                    

LEGAL DESCRIPTION: PT SW 1/4 NE 1/4 7-15-7 .39CONS #3020075500

REAL ESTATE TAXES  on the home are approximately $60.00 per year with homestead credit and mortgage exemption.  The taxes will be 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% (w/a minimum of $1,000.00) 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: The Buyer will pay for survey, if one is needed, and shall not delay closing.  POSSESSION: At closing and not before.

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

AGENCY: Johnny Swalls Auction, Inc. and its Representatives are Exclusive Agents of the Seller.

E-MAIL: auctions@jswalls.com

AUCTIONEER/BROKER: Col. Johnny Swalls, CAI, AARE, GPPA, CAGA, CREA   IN#AU01026257, PB#20803178