REAL ESTATE AUCTION

THE BUYER MAY PURCHASE THIS REAL ESTATE PRIOR TO AUCTION

 To settle the Estate of Eileen Bose, Marsha Gebo, Dennis Bose, and Don Bose will offer for sale, at

Auction, the Real Estate located at 210 S. Main St.,Hymera, Indiana.

 The property is located on the northeast corner of Hinkle & Main Street in Hymera, Indiana

 WATCH FOR JOHNNY’S SIGNS!

Thursday, Sept. 27th, 2007

2:00 PM (Sharp!)

HYMERA, INDIANA

(Sullivan County)

(Note:  This real estate may be purchased prior to auction by contacting Johnny with an offer and the Seller will act upon the offer.  The deadline for making this offer is Wednesday, September 26th, at 12:00 Noon.

REAL ESTATE:  This frame home has 3 bedrooms, 1 bath, an open front porch, central air, and natural forced gas heat.  The home has oak kitchen cabinets, a living room and dining room.  Outside this aluminum sided home is a 1 1/2 car detached garage, concrete driveway,  and 10’ X 12’utility shed.  This home has city water and sewer on 2 lots on the corner.  This would be an excellent starter home or rental.

PARCEL NUMBERS:  77-01-33-112-074-000-014

LEGAL:  PITTSBURG COAL & COKE CO. FIRST LOTS 4&5

REAL ESTATE TAXES:  The real estate taxes are $526.38 per year and 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.  The Buyer will pay for the recording of his/her 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 an 8% Buyer’s Premium which will be added to the bid price to arrive at the contract price. 

SURVEY:  Any survey needed will be completed after closing at the expense of the Buyer.

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

FOR PRIVATE SHOWING CALL:  Sale Coordinator, PJ Bezy  812-495-6119

SALE LOCATION:  At the property.

FAX:  812-696-5090 

E-MAIL:  johnnyswalls@joink.com

AUCTIONEER’S PHONE: 812-495-6119         

AUCTIONEER:  Col. Johnny Swalls, CAI, AARE, GPPA, CAGA, CREA   AU01026257

jswalls.com

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