AUCTION

Real Estate

Auction

70 South Hills Dr.

HERSHEY,

TWP. Of DERRY

Sunday, January 31,  2010,   2 PM

Ranch house (Split level) —3 Bedroom ,  2 1/2 Bath

Fireplace, Hardwood Floors, 

Attached Garage

.36 +/-  Charming Wooded lot with Public Utilities

Inspection dates:  Sunday,  January  17 & 24   1 –3  pm

$8,000  down auction day balance in 45 days.

For complete terms and information call.

REAL ESTATE INFORMATION

70 South Hills Drive

Hershey , PENNSYLVANIA

TOWNSHIP OF DERRY

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.

COUNTY:  DAUPHIN

TOWNSHIP:  Derry

SCHOOL DISTRICT: Hershey

REAL ESTATE TAXES: $3,306. Tax id # 24-072016

LOT SIZE:   0.36 +/-  SEE DEED ENCLOSURE.

                     DEED BOOK  5550  VOL.   64 PAGE 

MAIN HOUSE CONSTRUCTION:                           

·        EXTERIOR – Brick and Siding

·        ROOF -  Composition shingle

·        ELECTRIC -   200 amp breaker service 

·        HEATING –  Oil Hot Air (275 gallon above ground tank)

·        Central Air - Electric

·        HOT WATER –  Electric  hot water (   52   Gal).

·        WATER - Public

·        SEWAGE SYSTEM  - Public

·        BUILT – 1955

·        LIVING SQUARE FT. 1,553

HOUSE

MAIN FLOOR

·         LIVING ROOM  AREA (13’5” x 20’6”)

      Hardwood t/g flooring , Brick Fireplace,

      Coat Closet

·         DINING ROOM (11’3” x 12’)

      Hardwood t/g flooring

·         KITCHEN AREA  (11’x4” x 11x’11”)

      Cherry Wood cabinets

      Ceramic tile floor 

      Garbage disposal

      Hot Point Electric Stove, Refrigerator, Dishwasher, Microwave

      Ceiling fan

·         KITCHEN Foyer 

      Half Bath

      Storage Closet

      Ceramic tile floor 

Second Level

·         Bedroom #1  (13’5” x 16’)     

       Carpet Floor

      Closet

       Full Bath with Shower Stall

·         Bedroom #2 (12’ x 13’5”)

      T/G flooring under carpet

      Closet, ceiling fan

·         Central Hall w/ closet

·         Bedroom #3 (10’ x 10’)

     T/G flooring

      Closet,  Sliding glass doors to patio

·         Full Bathroom

BASEMENT

      Half Unfinished

      Washer and Dryer hook up and laundry tub

Garage /Attached – 20’ x 20’

Automatic door opener.

Patio – Rear brick patio with a beautiful wooded view.

AUCTION PROCEDURE

The auction will be held on site Sunday, January 3, 2010

at  2 PM  (if there is a snow storm please contact our office)

·        Pre-registration starts at 1 pm

·        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 $8,000. (EIGHT  THOUSAND DOLLARS) will be required to obtain a bidder card. The  eight  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  EIGHT 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 70 South Hills Dr., Hershey PA 17033,    Dauphin     County, Pennsylvania, owned by                                                                                George Fall Trust                                                            , 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       2   p.m. E.D.T. on    Sunday, January 31   , 2010  .  All bidders must be pre-registered.  Registration starts at  1  p.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 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      9      day of      March   , 2010 , 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. Refrigerator                                      

            b. Stove                   

            c. Washer and dryer                               

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:

Address:_______________________________________   Phone#______________________

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.