AUCTION

Real Estate

Auction

238 Mine Road

Hershey    PA

Attention BUILDERS, INVESTORS, HOUSE FLIPPERS or HOME OWNER.

 Great opportunity  to buy a

house is in need of a FULL remodeling or rebuild.

Great Location in the Township of DERRY

Saturday  November 8, 2008    11 AM

3 Bedroom,    2 Baths,  Fire place,

Large lot 76’x 150’

Inspection - Shown by appointment  to serious buyers only.

call 717.533.4267

8,000 down auction day balance in 45 days.

For complete terms and information call.

AUCTION PROCEDURE

The auction will be held on site Saturday, November  8, 2008

at  11 AM 

·        Pre-registration starts at 10 am

·        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  EIGHT THOUSAND DOLLARS will be placed in escrow,  plus an additional check to bring the total deposit to 10% of purchase price. This will be included at settlement toward the purchase of the  property. (see “Agreement of Sale”, Section 5, Earnest Money).

·        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  EIGHT THOUSAND DOLLARS will be placed in escrowThis 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   238 Mine Road  Hershey                                  ,     Dauphin                  County, Pennsylvania,

owned by                                                                        Mary Jo and Gregory Meinzer                                                                    , 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    11a.m. E.D.T. on  Saturday November 8       , 200 8   .  All bidders must be pre-registered.  Registration starts at    10      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 $   8,000                      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 shall be increased to 10% of purchase price (if needed)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      23       day of    December             , 2008, 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.         AS IS NO Broom Cleaning.

                     This property will not be broom cleaned all items there will remain as found.

            c.                                    

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

            a.       

 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:

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.