PLEASE CALL TO MAKE SURE THE PROPERTY HAS NOT SOLD PRIOR TO AUCTION

REAL ESTATE:  The real estate is offered with the home on one lot as one tract and a separate vacant lot as a second tract, or the Buyer can buy both tracts as a whole. Tract One: Consists of a 1.5 story aluminum sided home w/ brick enclosed front porch,  dining rm., kitchen, living rm. downstairs & 2 bedrooms & bath upstairs. The home has 1/2 basement, city water & city sewer, gas forced air furnace and central air conditioning.  There is a detached vinyl sided garage with overhead door & side service entrance. Tract Two: Consists of a vacant lot adjacent to Tract One.

PARCEL NUMBERS FOR HOME AND LOT:     Tract One: 84-06-26-401-014.000-002  

PARCEL NUMBERS FOR VACANT LOT: Tract Two:  84-06-26-401-013.000-002

LEGAL DESCRIPTION: Tract One: TERRACEDALE 26-12-9.000 AC LOT 24 Tract Two: TERRACEDALE ADD .000 AC LOT 23

REAL ESTATE TAXES:  The real estate taxes are approximately $270 per year for Tract One and $175 for Tract Two.  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. 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 Buyer or Buyers will pay for survey, if one is needed.      POSSESSION:  Possession at closing.

ATTORNEY FOR THE ESTATE:  James O. McDonald

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

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

SALE LOCATION: 2621 College Avenue, Terre Haute, Indiana

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

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

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

IN #AU01026257