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AUCTION
Real Estate Auction
122
±
Acres of Farm Land
Upper Lawn, PA (Lebanon County)
Minutes from Hershey and Rt. 283
access
Beautiful Rolling Farm Land
in South Londonderry Township.
Double road frontage (1,400 ft.) with some public sewer frontage.
Zoned Agricultural- Approximate 87 +/-acres tillable.
Auction—Saturday November 22 at 11am
Terms—$25,000 auction day balance in 45 days. AUCTION
PROCEDURE
The auction will be held on site (Colebrook Road Frontage)
Saturday, November 22, 2008 at
11 AM
·
Pre-registration starts at 10 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 $25,000. (TWENTY FIVE THOUSAND DOLLARS) will be required to obtain
a bidder card. The Twenty Five
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”, following the auction (see enclosures). The
TWENTY FIVE 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 Corners
of Colebrook Road and Lawn Road
,
Lebanon County
County,
Pennsylvania, owned by MC
Asset Management, LLC. ,
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 November 22, 2008 .
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 $
25,000 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 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
6
day of
January
, 200 9
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 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.
n/a
14.
The following fixtures are to be removed and will not be sold with the
real property:
a. N/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.
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