REAL ESTATE & PERSONAL PROPERTY AUCTION

BUYER MAY PURCHASE REAL ESTATE PRIOR TO AUCTION

Donovan E. Kitch will offer for sale, at Auction, the following real estate and personal property located at 7731 E. First Drive, Riley, Indiana. Marilyn Williams is Power of Attorney for Donovan E. Kitch. From the intersection of I-70 and SR 46, travel south on SR 46 to Riley, Indiana.       WATCH FOR JOHNNY’S SIGNS!

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 Thursday September 27, 2007, at 12:00 Noon.  First accepted Offer Buys.

SATURDAY SEPTEMBER 29, 2007

10:00 AM   (Sharp!)  

  RILEY, INDIANA

OWNER: DON KITCH

REAL ESTATE: This is a 2 story home on the corner with 3 lots. The home has 3 bedrooms, 1 bath, detached 2 car garage with separate storage area and an additional large storage shed on the property.  The home sits on a concrete block full basement. There is aluminum siding and awnings, forced air gas heat, gas water heater and central air.  The kitchen features a built in Chambers oven and range.  The home has city water, city sewer and city gas, as well as an outside private water well.  Please talk to Johnny or PJ for additional information on the home.

PARCEL NUMBER:  84-10-21-231-001.000-020

LEGAL:  DONHAMS ADD LOTS 42 & 43 & 44 21-11-8

REAL ESTATE TAXES: The real estate taxes are approximately $402. per year (with mortgage and homestead exemptions) 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 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:  The survey cost, if needed, will be paid by the Buyer and completed after closing.

POSSESSION:  Possession at closing.

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

FOR PRIVATE SHOWING CALL:  Sale Coordinator,  P.J. Bezy 812-495-6119 or Johnny Swalls 812-495-6119

 PERSONAL PROPERTY

ANTIQUES & COLLECTIBLES: Electric wall clock; Health-o-Meter scales; metal chair; cedar chest w/brass straps; well water pump; Zane Grey books; old books; Norman Rockwell Model T print; kerosene lamp w/blue base; enamel bed pan & urinal; kraut cutter; Handi small washboard; aluminum measuring cups; large metal Coca-Cola ice chest; ice picks; enamel pans; antique electric bench grinder; Naken 1847 Rogers stainless silverware; push plow; scythe; 3 galvanized #6 watering cans; large galvanized watering can; Radio Jet child’s wagon; Stano-Purg Standard Oil 5 gallon can; Amoco 5 gallon can; #2 tubs; wash boiler; square tub; 6 galvanized buckets.

FURNITURE: Ladder-back roseback chairs; Formica top oval coffee table; 4 shelf glass-front book case; record cabinet; desk; 2 desk lamps; ladder back chair; drum top lamp table w/claw feet; 2 step stools; vinyl seat chair; base cabinet on wheels with bread box; telephone desk; Formica top table; magazine rack; 2 splat back-straight back chairs; bowed front 5 drawer chest; chrome legged high chair; upholstered rocker; 4 poster double bed; metal kitchen enamel top base cabinet; green enamel top   table; metal folding chairs; kitchen cabinet w/10 upper drawers, 2 lower drawers & a door; double bed with wood headboard & kickboard.

APPLIANCES: White RCA refrigerator; white automatic washer; Hotpoint electric dryer.

GLASSWARE: Hobnail pole lamp; German bowls; Crown Ivory; Homer Laughlin; Pope-Gosser 12 pc gold edged dinnerware; plates; pie plates; water glasses; baking dishes; 3-legged frosted bowl.

TOOLS: Channel locks; pliers; tire gauge; C-clamps; nuts; bolts; screws; electric engraver; Bestia hand level; volt ohmmeter; electrical pliers; vise grips; soldering gun; hacksaws; 10 ampere battery charger; air compressor; pneumatic spark plug cleaner; new Briggs & Stratton 3hp trash pump; boom; chain fall; tire changer; hammers;    small antique ratchet jack; 3/8” log chain; small air tank; green mason jar w/galvanized oil spout; 2 glass oil pumps w/hand cranks; 2 hydraulic bottle jacks; bumper jack;  pipe vise; welding helmet; Miller Buzzbox welder; bench vise; Ridgid pipe cutter; bucksaw; carpenter saw; carpenter square; Wonder bar; Stihl wood splitting wedges; old hand tools; steel chisels; ring depressor; sockets; steel drill bits; grease gun; antique wood lathe w/tools; Craftsman band saw, 3/8” angle grinder, belt sander, radial arm saw; meat saw; jig saw; draw knife; kerosene torch; wood bits; flaring tools; Allen wrenches; concrete trowel; miter box; Craftsman 3/4” socket set with extensions; oil squirt cans.

LAWN EQUIPMENT: Red Dynamark, 14hp, electric start riding mower; Echo 2100 gas weed eater; Wheelhorse 211-5, electric start riding mower w/catcher; Wheelhorse 1075, Wheelomatic, electric start riding mower; David Bradley, gas engine, walk behind cultivator; concrete ride on yard roller; lots of lawnmower parts, crankshafts, heads, motors, carburetors; limb trimmer; limb saws; hand sickle; shovel; rakes; wheelbarrow; potato fork; pitchfork; gas rope pull start walk behind plow; front tine tiller.

MISCELLANEOUS: Lead plate glass wall mirror; console AM/FM stereo with turntable; 3 canes; 2 fans; wooden picnic basket; linens; handkerchieves; kitchen knives; suitcases; 2 gun racks; 2 old electric radios; strawberry boxes; child’s bicycle; bowling balls; porch swing; crutches; metal lawn chairs; 3 enamel canners; 2 metal barrels; 8’ wood step ladder; 5 gallon metal gas can; roof mount carry-all; new bathroom commode in box; large fluorescent light wall clock; 10 gallon oil tank; 6’ wood step ladder.

For your convenience, we have electronic clerking and cashiering.

Everything sold “AS-IS, WHERE-IS”.

RESTROOM AVAILABLE  TERMS OF PERSONAL PROPERTY:  Cash preferred or approved check.

AUCTIONEER’S PHONE: 812-495-6119, 812-696-5099

FAX:  812-696-5090  E-MAIL:  johnnyswalls@joink.com                             jswalls.com

AUCTIONEER:  Col. Johnny Swalls    

CAI, AARE, GPPA, CAGA, CREA  

IN# AU01026257