AUCTION

AUCTION

Open House Sunday April 27 And May 4 , 1-3 pm  

Auction for Dorothy McNaughten

Real Estate, Antiques, Car, Household

Saturday, May 10, 2008 at 9 am

4114 Round Top Rd. Elizabethtown, , PA 17022

Conewago twp.

Open House Sunday May 4, 1-3 pm

Beautiful country 2.66± acres located with a view…3 Bedroom; 1bath;  Cape Cod House . One car detached garage.  Great location between Hershey and Elizabethtown.

REAL ESTATE INFORMATION

4114 Round Top Road , Elizabethtown, PA 17022

Conewago TOWNSHIP

Dauphin County

 The following information was compiled and designed to assist you in the bidding process at auction and is not guaranteed.  Ziegler Auction Company, Ltd. believes this information to be true and accurate to the best of our knowledge, and we reserve our right to update any information contained in this Due Diligence Package. Announcements auction day take precedence over printed material.

COUNTY:  Dauphin

TOWNSHIP:  Conewago

SCHOOL DISTRICT: Lower Dauphin

REAL ESTATE TAXES:  $. 1,898.96

ID#

LOT SIZE:  2.66 ± acres  located on top of hill with view.  Mature trees.

MAIN HOUSE CONSTRUCTION:                           

• EXTERIOR –  Siding
• ROOF -  Composition shingles
• ELECTRIC -  100 amp breaker service 
• HEATING—Oil Hot water radiator heat with two zones.  Upstairs is electric baseboard heat. Above ground 275 gallon tank.
• CENTRAL AIR CONDITION
• Hot Water—Oil Hot water  
• Water—well approximately  105’ deep
• Septic—On site  .   Public sewer hookup will be required and is the responsibility of the new owner. 
• Windows – replaced double pane windows                                                                                                                                                                      

       LIVING ROOM  AREA (16’9”x 12’2”)

        Oak T/G flooring with carpet

   DINING ROOM  ( 6’7”x 12’5”)

    KITCHEN AREA  (8’4” x 9’4”)

            G. E. Electric Stove, Oak Cabinets

      Linoleum floor

      Access to rear yard

  Bedroom #1  (8’8” x 9’8”)

      T/G Floor

      Closet

      Bedroom #2 (9’ x 11’10”)

      T/G floor

      Closet

Full Bathroom  with tub and shower

Center Hall  (pantry closet

Second Floor 

Two finished rooms with hipped ceiling.

First room is a walk thru 11’ x 19’ and Bedroom #3 is 9’6’ x 11’

Electric baseboard heat.

BASEMENT

       Unfinished  poured concrete walls and floor

       Washer and Dryer hook up

Garage - one car with over hang

Cottage  / Garden Shed  - 11’ x  12’

AUCTION PROCEDURE

The auction will be held on site Saturday, May  10, 2008

at  11 AM 

·        Pre-registration starts at 9 am

·        Pre-registration is required to participate in the bidding process of the Real Estate auction.   Signed terms and conditions of auction along with a check made payable to                      ZIEGLER AUCTION CO., LTD.  in the amount of $10,000. (TEN   THOUSAND DOLLARS) will be required to obtain a bidder card. The  fifteen  thousand will be applied to the deposit money if you are the successful accepted bidder. If you are not the successful high bidder, the check will be returned immediately following the auction.

·        The successful accepted bidder will be required to sign the “Agreement of Sale”,  “Seller’s Property Disclosure Statement” and “Lead-based Paint Disclosure Statement” following the auction (see enclosures). The  TEN  THOUSAND DOLLARS will be placed in escrow,   This will be included at settlement toward the purchase of the  property. (see “Agreement of Sale”, Section 5, Earnest Money).

CONDITIONS OF SALE OF REAL ESTATE

AND AGREEMENT TO PURCHASE AT PUBLIC AUCTION

The conditions of the sale of real estate situated at  4114 Round Top Road. Elizabethtown         ,  Dauphin   County, Pennsylvania, owned by                                                                                         Dorothy McNaughton                                                   , are as follows:

1.         By entering a bid on the property, the bidder will be conclusively deemed to have agreed to be bound by all of the terms and conditions set forth in these Conditions of Sale.

2.         Sale will be at public auction on the premises at   11 a.m. E.D.T. on     Saturday May 10           , 200 8 .  All bidders must be pre-registered.  Registration starts at   9 a.m.

3.         Until specifically removed by announcement of the auctioneer, the seller reserves the right to reject any and all bid or bidders.  The purchaser shall be the person who, after the reservation has been specifically removed, is the highest bidder at the time the auctioneer declares the auction to be completed.  The Auctioneer shall have sole discretion and authority to resolve any conflict concerning the order or amount of any bid, or which bidder shall be considered the successful highest bidder.

4.         The property is being sold in AS IS, WHERE IS condition.  It is understood that the buyer has had the right to conduct such inspections of the property prior to commencement of the auction as Buyer deemed necessary or appropriate, and has either inspected the property or waived his right to do so.  Buyer must rely on his own investigation and inspections, and not upon any warranty, representation, or other communication made by Seller, Seller's agent, Auctioneer, or agents and employees of Auctioneer, except as contained in Seller's Property Disclosure Statements which are attached to Exhibit "A" and incorporated herein by reference.

5.         Each prospective bidder shall, at the time of registration as a bidder, pay an earnest money deposit in the amount of $  10,000                       by cash, check, certified check, bank money order, or other form acceptable to Seller, which shall be held by auctioneer until the day of sale.  If the prospective bidder becomes the purchaser, the purchaser shall sign an Agreement of Sale immediately upon completion of the auction of the property, and thereafter the earnest money deposit to be placed in escrow pursuant to the terms and conditions of the agreement of sale. In the event the bidder does not become the purchaser, his earnest money deposit will be returned to him on the day of the sale following his signature of a receipt.  A copy of the agreement of sale which Buyer will be required to sign is attached hereto, marked as Exhibit "A", and incorporated herein by reference as if set forth in full.

6.         Settlement shall be held on or before the     24        day of     June    , 200 8, at                                          .

7.         At the time of settlement, Sellers shall convey the property to purchaser by special warranty deed (or in the case of an estate, by fiduciary warranty deed) prepared at purchaser's expense.  The property shall be conveyed with good and marketable title, or such title as will be insurable at regular rates by a title insurance company authorized to do business in Pennsylvania, free and clear of all liens, and encumbrances and easements as more fully set forth in the agreement attached hereto and marked as Exhibit "A".

8.         County, municipal, and school district taxes and sewage and trash charges shall be apportioned between the seller and the purchaser as of the date of final settlement.

9.         Real estate transfer taxes shall be paid by the purchaser.

10.       Any survey and/or title insurance or title search required for financing by the purchaser or any other purpose shall be performed at the cost and expense of the purchaser.

11.       Possession shall be given at the time of settlement.

12.       Purchaser will be responsible for all real estate broker fees that may be owed as a result of any buyer's brokerage agreement unless there is signed "Real Estate co-Broker Agreement Registered with Ziegler Auction Co. Ltd. Prior to the auction."  Seller will be responsible for fees due Ziegler Auction Co., Ltd., Auctioneer.

13.       The following personal property shall remain and be sold together with the real property:

            a.  Electric stove         

14.       The following fixtures are to be removed and will not be sold with the real property:

      a.       Refrigerator

      b.      Chest freezer

15.       Time is of the essence.

16.       The declared successful bidder will be required to sign a lead-based paint disclosure statement (see sample) and a property disclosure statement (see sample).

17.       By signing these conditions of sale, the prospective bidder acknowledges that he has read and understands the conditions, and agrees to be bound by them, and has read and understands the agreement of sale which is attached hereto and incorporated herein by reference, and in the event the prospective bidder becomes the purchaser, agrees to sign and be bound by same.

PURCHASER/BIDDER

                                                            Date:

                                                            Date:

DIRECTIONS: Hershey, near Hershey Medical Center. From Rt. 322, turn South onto Bullfrog Valley Road.  Travel approximately 2.5 miles to auction site.  Watch for signs.

Valid PA Drivers license or state-issued ID required for Bidder Registration.  Announcements made on Auction Day take precedence over printed material. Seller reserves the right to remove any item from the auction until auction day.