ABSOLUTE REAL ESTATE AUCTION

Transcription

1 ABSOLUTE REAL ESTATE AUCTION NO MINIMUM INVESTMENT HANDYMAN SPECIAL 1927 South 25th st. Terre Haute, Indiana HANDYMAN SPECIAL/INVESTMENT PROPERTY BID NOW THROUGH SEPTEMBER 24TH, 2014 AT 2:00PM (SOFT CLOSE) Seller: Maras Auction Manager Dusty White (812) Lic. #AC /AU

2 Table of Contents Property Description Terms & Conditions State Map Local Map Aerial Map Contacts City/County Information Tax Information Title Contract Bid Certification Auction Advantages The information contained herein has been obtained from other third party sources. We have not verified its accuracy. Seller and United Country Coffey Realty and auction make no guarantee, representation or warranty whatsoever concerning any of the materials or information contained herein. It is the sole responsibility of anyone reviewing this material to evaluate the accuracy, completeness and usefulness of all information contained herein. The seller and United Country Coffey Realty and Auction make no express or implied warranties, representations or endorsements whatsoever concerning the material presented or the proposed transaction referenced in herein, including without limitation any warranties of title, non-infringement, merchantability or fitness for a particular purpose and seller and United Country Coffey Realty and Auction shall in no event be liable for any damages whatsoever resulting from the use of our reliance on any information contained herein.

3 Property Description HANDY MAN SPECIAL - ABSOLUTE AUCTION 1927 South 25th st. Terre Haute, Indiana Handy Man Special/Investment Property Sells Absolute - with No Minimum, No Reserve Online Only Real Estate Auction Bid through September 24th at 2:00pm (soft close) Preview: Monday September 8, 2014 from 4-6pm This 2 bed, 1 bath home with hardwood floors sits on 1.65 acres. This fixer-upper was previously a daycare and should be up to code. Property has a basement, detached garage, and small outbuilding. House is natural gas. HANDYMAN SPECIAL GARAGE OUTBUILDING 1.65 ACRES INVESTMENT PROPERTY UPDATED WIRING Seller: Maras Auction Manager: Dusty White Lic. #AC /AU

4 Terms and Conditions TERMS & CONDITIONS Real Estate Auction 1927 & 1930 S. 25 th St. Terre Haute, IN Legal Description HYLERS SUB 99.2 IN MID PRT D-380/ LOT AC GEORGE GLICKS SUB 88 X E & W LOT 2 The property will be sold at Public Online Only - Internet Auction, ending 09/24/2014 at 2:00pm (soft close) The property will be sold Absolute with no reserve, regardless of price. Property sells as-is with no warranties expressed or implied The auction is Subject to prior sale (the property can be purchased prior to the end of the auction) The seller reserves the right to cancel the auction at any time prior to the final bid closing Buyers Premium o An 11% buyer s premium will be added to the final bid and charged to the buyer, the final bid plus the 11% buyer s premium will establish the final sales price. A $2, down payment per property must be paid by the successful bidder by direct wire transfer by 12:00 NOON Thursday 09/25/2014 payable to Aames Title & Closing, LLC. The down payment deposit will be non-refundable; your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing. The balance of the purchase price will be due via a wire transfer to the closing company, on delivery of insurable title on or before 10/22/2014. o A promissory note will be signed along with the down payment. Final closing is NOT contingent upon financing. The property will be conveyed by a Warranty Deed The seller agrees to furnish buyer(s) with an owner s policy of Title Insurance at closing. Real Estate Taxes: the taxes will be prorated to the day of closing. Closing: o Closing shall take place at the office of: Aames Title & Closing, LLC 425 Wabash Avenue Terre Haute, IN. o Closing fee will be paid by the buyer. o Closing will be held on or before 10/22/2014. Possession will be granted at final closing. The successful Bidder shall execute an Auction Real Estate Sales Contract for the property immediately after being declared the Successful Bidder by the Auctioneer. Each potential Bidder is responsible for conducting at their own risk, their own independent inspections, investigations, and due diligence concerning the property. o Further; Property sells as-is with no warranties expressed or implied JDC Group, INC dba United Country Coffey Realty & Auction and their representatives are exclusive agents of the Seller. All announcements made up to the final close of the Auction bidding take precedence over all advertising, oral or printed material. All information was gathered from reliable sources and is believed to be correct as of the date this brochure is published; however the seller or auctioneers have not independently verified this information. Auction plats and drawings are not to be relied on ad are for representation purposes only.

5 Terms and Conditions Its accuracy is not warranted in any way. There is no obligation on the part of the sellers or auctioneer to update this information. SALE SITE: Internet Only VIEWING INSTRUCTIONS: Open House Monday 09/08/2014 4:00 6:00pm or by appointment. The viewing of the property will be at the viewer s own risk the Seller, Auctioneer nor the Listing Agency be held responsible for accidents. For questions call Dusty White at United Country Coffey Realty & Auction (812) office (812) cell I do hereby agree to these Auction Terms & Conditions. Seller Date Bidder Date Buyer Date Buyer Date

6 State Map Terre Haute

7 Local Map Location: Just south of Hulman Street and north of Margaret Ave. on 25th street.

8 Aerial Map Vigo County, IN / City of Terre Haute Date Created: 6/19/2014 Overview Legend Corporate Limits Political Townships Sections Blocks Parcels Road Centerlines 113 ft Parcel ID Sec/Twp/Rng n/a Property Address 1927 S 25TH ST TERRE HAUTE Alternate ID Class Res 1 fam unplatted ac Acreage 1.65 Owner Address MARAS GUST & MARY JANE 1935 S 25TH ST TERRE HAUTE, IN District Brief Tax Description 002 HARRISON HYLERS SUB 99.2' IN MID PRT D-380/ LOT AC (Note: Not to be used on legal documents) Last Data Upload: 6/19/ :50:53 AM

9 Contacts Property Related Contacts Contacts United Country Coffey Realty & Auction Dusty White, CAI, AARE, CES County Assessor county Extension Office (812) (812) County Surveyor auditor Office (812) (812) Treasurer (812) City Police Department (812) Sheriff Office (812) Chamber of Commerce (812) Economic Development DNR Fish & Wildlife Websites of interest

10 City/County Information Terre Haute/Vigo County Terre Haute is a city in and the county seat of Vigo County, Indiana, United States near the state s western border with Illinois. As of the 2010 census, the city had a total population of 60,785 and its metropolitan area had a population of 170,943. The city is the selfproclaimed capital of the Wabash Valley. With numerous higher education institutions located in Terre Haute, the city has embraced its college town persona. Terre Haute was named the Community of the Year in 2010 by the Indiana Chamber. Terre Haute is located alongside the eastern bank of the Wabash River in western Indiana. The city lies about 75 miles (121 km) west of Indianapolis. The Wabash River dominates the physical geography of the city, forming its western border. Small bluffs on the east side of city mark the edge of the historic flood plain. Lost Creek and Honey Creek drain the northern and southern sections of the city, respectively. In the late 19th century (particularly during the Terre Haute Oil Craze of 1889), several oil and mineral wells were productive in and near the center of the city. Those have not been tapped for many years. Terre Haute is at the intersection of two major roadways: US 40 from California to Maryland, and US 41 from Michigan to Florida (locally named 3rd Street and historically was 7th Street. Making 7th and Wabash the Crossroads of America). Terre Haute is located 77 miles (124 km) southwest of Indianapolis and within 185 miles (298 km) of Chicago, St. Louis, Louisville, and Cincinnati. History Terre Haute s name was derived from the French phrase terre haute (pronounced [tɛʁ ot] in French), meaning Highland. It was likely named by French explorers in the area in the early 18th century to describe the unique location above the Wabash River (see French colonization of the Americas). At the time the area was claimed by the French and English, these highlands were considered the border between Canada and Louisiana. Early Terre Haute was a center of farming, milling and pork processing. However the business and industrial expansion of the city prior to 1860 developed largely thanks to transportation - the Wabash River, the building of the National Road (now US 40) and the Wabash and Erie Canal linked Terre Haute to the world and broadened the city s range of influence. The economy was based on iron and steel mills, hominy plants and, late in the 19th century, distilleries, breweries and bottle makers. Coal mines and coal operating companies developed to support the railroads, yet agriculture remained predominant, largely due to the role of corn in making alcoholic beverages and food items. Downtown Terre Haute. Much of the city s resiliency can be attributed to the diversity of the local economy. Manufacturing continues to be an important part of that, thanks to the formation of the Vigo County Industrial Park over 20 years ago. The efforts of the Terre Haute Economic Development Corporation, in cooperation with city and county government,

11 City/County Information have made the Industrial Park home to some of the world s leading companies Companhia Siderúrgica Nacional s (CSN s) cold-roll steel processing facility, Staples Corporation s Midwest Distribution Center, Advics automotive brake systems manufacturing facility and ThyssenKrupp Presta s automotive steering systems manufacturing facility and CertainTeed s fiber cement board manufacturing plant. The revialization of the downtown area can be traced to the construction of First Financial Bank s new headquarters building in the late 1980s and creation of the city s first tax increment financing (TIF) district, which funded the first downtown parking structure. Over the years, more initiatives followed, including construction of several new office buildings and a second downtown parking structure. With the efforts of nonprofit groups such as Downtown Terre Haute and the expansion of the campus of Indiana State University, many positive changes have once again spurred growth downtown. Several new hotels and businesses have been added to the Crossroads of America near 7th & Wabash, outdoor events and festivals attract crowds nearly every weekend during the summer months and the 7th Street Arts Corridor and Terre Haute Children s Museum, completed in 2010 enhance the appeal of the downtown area. Property owners throughout downtown were inspired to rehab and renovate their buildings, including Hulman & Company and many individual owners. In addition to significant, recent advancements in manufacturing, downtown revitalization and higher education, Terre Haute continues to be a major regional center for health care, retail shopping, recreation, entertainment and the arts. Major employers Advics Alorica Bemis Company City of Terre Haute First Financial Bank Indiana State University Ivy Tech Community College Rose-Hulman Institute of Technology Sony Digital Audio Disc Corporation (Sony DADC) Taghleef Industries Inc Terre Haute Regional Hospital Union Hospital Union Associated Physicians United States Federal Correctional Complex Vigo County School Corporation Vigo County [GE Aviation has two facilities, a large structures fabrication facility, and a component repair facility]

12 Tax Card Vigo County, IN / City of Terre Haute Date Created: 6/19/2014 Summary - Assessor's Office Parcel ID Tax ID Section Plat 35 Routing Number Neighborhood Property Address HARRISON 1927 S 25th St Terre Haute, IN Legal Description HYLERS SUB 99.2' IN MID PRT D-380/ LOT AC Acreage 1.65 Class Tax District/Area (Note: Not to be used on legal documents) Res 1 fam unplatted ac HARRISON Click to Enlarge Owner - Auditor's Office Deeded Owner Maras Gust & Mary Jane C/O DONNA GREEN 1935 S 25TH ST TERRE HAUTE, IN Site Description - Assessor's Office Topography Level Public Utilities Street or Road Neigh. Life Cycle All Paved Static Legal Acres 1.65 Legal Sq Ft 0 Land - Assessor's Office Land Type Soil ID Actual Front Acreage Effect. Front Effect. Depth Productivity Factor Depth Factor Meas Sq Ft Base Rate Adj Rate Extended Value HOMESITE , , , L -1% RESIDENTIAL EXCESS ACREAGE Influ. Factor , , , L -1% Farm Land Computations - Assessor's Office Parcel Acreage Legal Drain NV [-] 82 Public Roads NV [-] 83 UT Towers NV [-] 9 Homesite(s) [-] Total Acres Farmland True Tax Value 0.00 Measured Acres Average True Tax Value/Acre 0.00 True Tax Value Farmland 0.00 Classified Land Total 0 Homesite(s) Value (+) 0.00 Total Land Value 33,600.00

13 Tax Card Residential Dwellings - Assessor's Office Card 01 Residential Dwelling 1 Occupancy Story Height 1.0 Roofing Attic Basement Type Basement Rec Room Finished Rooms 4 Bedrooms 2 Family Rooms 0 Dining Rooms 0 Full Baths Half Baths Kitchen Sinks Water Heaters Central Air Primary Heat Extra Fixtures 0 Total Fixtures 5 Fireplace Features Material: Asphalt shingles None Full None 1; 3-Fixt. 0; 0-Fixt. 1; 1-Fixt. 1; 1-Fixt. No Central Warm Air No None Porches and Decks Enclosed Frame Porch 168 Enclosed Frame Porch 126 Yd Item/Spc Fture/Outbldg WOOD FRAME DETACHED GARAGE 280 SF WOOD FRAME CAR SHED ENCLOSED 200 SF Last Updated 10/3/2002 Construction Floor Base Area (sf) Fin. Area (sf) Wood frame Concrete block B Improvements - Assessor's Office Card 01 ID Use Stry Hgt Const Type Grade Year Const Eff Year Cond Base Rate Features Adj Rate Size/ Area Comp Value Phys Depr Obsol Depr Mrkt Adj % Comp D DWELL 1 D AV DETGAR WOOD FRAME D AV x CARSHEDE WOOD FRAME D AV x Transfer History - Assessor's Office Date Owner 1 Owner 2 Book & Page Amount 10/5/1979 RICHARDSON RUTHERFORD R & REATHA 380/495 $0.00 Valuation - Assessor's Office Assessment Year 03/01/ /01/ /01/ /01/ /01/2009 Reason for Change ANN ADJ 4Y Reval ANN ADJ ANN ADJ ANN ADJ Value VALUATION Land $33,600 $33,600 $24,200 $34,900 $36,000 (Assessed Value) Improvements $48,000 $47,200 $41,800 $39,600 $40,800 Total $81,600 $80,800 $66,000 $74,500 $76,800 VALUATION Land $33,600 $33,600 $24,200 $34,900 $36,000 (True Tax Value) Improvements $48,000 $47,200 $41,800 $39,600 $40,800 Total $81,600 $80,800 $66,000 $74,500 $76,800 Charges ( ) - Auditor's Office Delinquent payments made after the fall due date will still show due in the year they were originally assessed. If paid, payment will show in the next tax year.

14 Tax Card Detail: Tax Year Type Category Description Amount Bal Due 2013 Pay 2014 Property Tax Detail Penalty 1st Installment Penalty $83.45 $ Pay 2014 Property Tax Detail Tax 1st Installment Tax $ $ Pay 2014 Property Tax Detail Tax 2nd Installment Tax $ $ Pay 2014 Property Tax Detail Penalty Former Yr 1st Install Penalty $ $ Pay 2014 Property Tax Detail Tax Last Year 1st Installment Tax $ $ Pay 2014 Property Tax Detail Tax Last Year 2nd Installment Tax $ $ Pay 2014 Property Tax Detail Penalty LY 1st Installment Penalty $82.50 $ Pay 2014 Property Tax Detail Penalty LY 2nd Installment Penalty $82.50 $ Pay 2014 Property Tax Detail Penalty Prior Year Penalty $ $ Pay 2014 Property Tax Detail Tax Prior Year Tax $ $ Pay 2013 Property Tax Detail Penalty 1st Installment Penalty $ Pay 2013 Property Tax Detail Tax 1st Installment Tax $ Pay 2013 Property Tax Detail Penalty 2nd Installment Penalty $ Pay 2013 Property Tax Detail Tax 2nd Installment Tax $ Pay 2013 Property Tax Detail Penalty Former Yr 1st Install Penalty $ Pay 2013 Property Tax Detail Penalty Former Yr 2nd Install Penalty $ Pay 2013 Property Tax Detail Tax Last Year 1st Installment Tax $ Pay 2013 Property Tax Detail Tax Last Year 2nd Installment Tax $ Pay 2013 Property Tax Detail Penalty LY 1st Installment Penalty $ Pay 2013 Property Tax Detail Penalty LY 2nd Installment Penalty $ Pay 2013 Property Tax Detail Penalty Prior Year Penalty $ Pay 2013 Property Tax Detail Tax Prior Year Tax $ Pay 2013 Special Assessment Detail Tax TERRE HAUTE CITY Last Year 1st Installment Tax $ Pay 2013 Special Assessment Detail Fee TERRE HAUTE CITY LY 1st Install Spa Fixed Fee 3 $ Pay 2013 Special Assessment Detail Penalty TERRE HAUTE CITY LY 1st Installment Penalty $ Pay 2012 Property Tax Detail Penalty 1st Installment Penalty $ Pay 2012 Property Tax Detail Tax 1st Installment Tax $ Pay 2012 Property Tax Detail Penalty 2nd Installment Penalty $ Pay 2012 Property Tax Detail Tax 2nd Installment Tax $ Pay 2012 Property Tax Detail Penalty Former Yr 1st Install Penalty $ Pay 2012 Property Tax Detail Penalty Former Yr 2nd Install Penalty $ Pay 2012 Property Tax Detail Tax Last Year 1st Installment Tax $ Pay 2012 Property Tax Detail Tax Last Year 2nd Installment Tax $ Pay 2012 Property Tax Detail Penalty LY 1st Installment Penalty $ Pay 2012 Property Tax Detail Penalty LY 2nd Installment Penalty $ Pay 2012 Property Tax Detail Penalty Prior Year Penalty $ Pay 2012 Property Tax Detail Tax Prior Year Tax $ Pay 2012 Special Assessment Detail Fee TERRE HAUTE CITY st Install Spa Fixed Fee 1 $ Pay 2012 Special Assessment Detail Fee TERRE HAUTE CITY st Install Spa Fixed Fee 2 $ Pay 2012 Special Assessment Detail Fee TERRE HAUTE CITY st Install Spa Fixed Fee 3 $ Pay 2012 Special Assessment Detail Penalty TERRE HAUTE CITY st Installment Penalty $ Pay 2012 Special Assessment Detail Tax TERRE HAUTE CITY st Installment Tax $ Pay 2012 Special Assessment Detail Penalty TERRE HAUTE CITY st Spa Fixed Fee Penalty $ Pay 2012 Special Assessment Detail Tax TERRE HAUTE CITY nd Installment Tax $ Pay 2011 Property Tax Detail Penalty 1st Installment Penalty $ Pay 2011 Property Tax Detail Tax 1st Installment Tax $ Pay 2011 Property Tax Detail Penalty 2nd Installment Penalty $ Pay 2011 Property Tax Detail Tax 2nd Installment Tax $ Pay 2011 Property Tax Detail Penalty Former Yr 1st Install Penalty $ Pay 2011 Property Tax Detail Penalty Former Yr 2nd Install Penalty $ Pay 2011 Property Tax Detail Tax Last Year 1st Installment Tax $ Pay 2011 Property Tax Detail Tax Last Year 2nd Installment Tax $ Pay 2011 Property Tax Detail Penalty LY 1st Installment Penalty $ Pay 2011 Property Tax Detail Penalty LY 2nd Installment Penalty $ Pay 2011 Property Tax Detail Penalty Prior Year Penalty $ Pay 2011 Property Tax Detail Tax Prior Year Tax $1, Pay 2010 Property Tax Detail Penalty 1st Installment Penalty $85.10

15 Tax Card 2009 Pay 2010 Property Tax Detail Tax 1st Installment Tax $ Pay 2010 Property Tax Detail Penalty 2nd Installment Penalty $ Pay 2010 Property Tax Detail Tax 2nd Installment Tax $ Pay 2010 Property Tax Detail Penalty Former Yr 1st Install Penalty $ Pay 2010 Property Tax Detail Penalty Former Yr 2nd Install Penalty $ Pay 2010 Property Tax Detail Tax Last Year 1st Installment Tax $1, Pay 2010 Property Tax Detail Tax Last Year 2nd Installment Tax $1, Pay 2010 Property Tax Detail Penalty LY 1st Installment Penalty $ Pay 2010 Property Tax Detail Penalty LY 2nd Installment Penalty $ Pay 2010 Property Tax Detail Penalty Prior Year Penalty $ Pay 2010 Property Tax Detail Tax Prior Year Tax $1, Pay 2009 Property Tax Detail Penalty 1st Installment Penalty $ Pay 2009 Property Tax Detail Tax 1st Installment Tax $1, Pay 2009 Property Tax Detail Penalty 2nd Installment Penalty $ Pay 2009 Property Tax Detail Tax 2nd Installment Tax $1, Pay 2009 Property Tax Detail Penalty Former Yr 1st Install Penalty $ Pay 2009 Property Tax Detail Penalty Former Yr 2nd Install Penalty $ Pay 2009 Property Tax Detail Tax Last Year 1st Installment Tax $1, Pay 2009 Property Tax Detail Tax Last Year 2nd Installment Tax $1, Pay 2009 Property Tax Detail Penalty LY 1st Installment Penalty $ Pay 2009 Property Tax Detail Penalty LY 2nd Installment Penalty $ Pay 2009 Property Tax Detail Penalty Prior Year Penalty $ Pay 2009 Property Tax Detail Tax Prior Year Tax $ Pay 2008 Property Tax Detail Penalty 1st Installment Penalty $ Pay 2008 Property Tax Detail Tax 1st Installment Tax $1, Pay 2008 Property Tax Detail Penalty 2nd Installment Penalty $ Pay 2008 Property Tax Detail Tax 2nd Installment Tax $1, Pay 2008 Property Tax Detail Penalty Additional 5% Penalty $ Pay 2008 Property Tax Detail Penalty Former Yr 1st Install Penalty $ Pay 2008 Property Tax Detail Penalty Former Yr 2nd Install Penalty $ Pay 2008 Property Tax Detail Tax Last Year 1st Installment Tax $1, Pay 2008 Property Tax Detail Tax Last Year 2nd Installment Tax $1, Pay 2008 Property Tax Detail Penalty LY 1st Installment Penalty $ Pay 2008 Property Tax Detail Penalty LY 2nd Installment Penalty $55.95 Total: Tax Year Amount Bal Due 2013 Pay 2014 $4, $3, Pay 2013 $4, Pay 2012 $4, Pay 2011 $5, Pay 2010 $5, Pay 2009 $5, Pay 2008 $5, Payments ( ) - Treasurer's Office Detail: Tax Year Payment Date Paid By Amount 2013 Pay /8/2014 Estate Of Mary Jane Maras $ Pay /10/2013 Maras Gust & Mary Jane $1, Pay /18/2012 King Jessica $2, Pay /16/2011 Jessica King $ Pay /10/2011 Jesica King $2, Pay /8/2010 Jessica King $2, Tax Year Total: Amount 2013 Pay 2014 $ Pay 2013 $1, Pay 2012 $2,000.00

16 Title Information

17 Title Information

18 Title Information

19 Contract REAL ESTATE AUCTION PURCHASE CONTRACT This Contract of sale made and entered this 24 day of September 2014, by and between Gust & Mary Maras Estate hereinafter called the Seller(s) and hereinafter called the Buyer(s): The Buyer hereby agrees to purchase, the Seller hereby agrees to sell this property in As is condition (except conditions stated in statement of sale and Terms & Conditions) Located at and commonly known as: 1927 S. 25 th Street in the City of Terre Haute, County of Vigo, and State of Indiana. Legally described as: HYLERS SUB 99.2 IN MID PRT D-380/ LOT AC Buyer herewith agrees to deposit with Aames Title & Closing, LLC. $ Two Thousand-Five hundred---dollars ($ ), as non-refundable earnest money deposit, and the balance of the purchase price will be due on delivery of clear title. sample Seller(s) agrees to furnish a Warranty Deed with insurable title. Free from all encumbrances, and an Owners Title Insurance Policy at closing. If the seller is unable to convey clear and marketable title the buyer s down payment can be refunded. Seller will furnish the buyer with an Owners Policy of Title Insurance at closing. Real Estate Taxes: Will be pro-rated to date of closing. Closing shall take place on or before October 22, 2014 and shall take place at the office of Aames Title & Closing, LLC 425 Wabash Avenue Terre Haute, IN. The buyer will pay the closing fee. Possession is to be given day of final closing. Buyer agrees to pay all cost of obtaining a loan to include preparing and recording Deed & note, Title Opinion if desired. Title is to be conveyed subject to all restrictions, easement and covenants of record, subject to zoning ordinance or laws of any governmental authority. These premises are to be in the same condition as they are as of the date of this contract, ordinary wear and tear excepted. Seller is expected to bear risk of loss through the date of deed. In the event the premises are wholly or partially destroyed before the consummation of the transaction or delivery of the final papers, the Buyer shall elect or choose whether or not he will go through with the transactions, and in the event he chooses to go through with it, all insurance damages collectible as a result of the damage or destruction shall be assigned to him, the Buyer. If he chooses not to go through with the transaction, any earnest money held in escrow will be refunded in full.

20 Contract Time being of the essence of this agreement, if the Buyer shall fail or refuse to perform this agreement of Buyer s part, and the Seller shall be ready and willing to perform, the Seller shall be entitled to retain the entire down payment / earnest money as liquidated damages for the breach of this agreement. All successful bidders will be required to sign a note for the deposit amount. Note shall become null and void when undersigned shall complete all requirements for closing as set out in this contract. Per the terms & conditions as contained herein and announced in statement of sale, the property sells as shown below. This contract is subject to clearance of any check presented to United Country, Coffey Realty & Auction payable to JDC Group, Inc. High Bid Selling Price $.00 Plus 11% Buyer s Premium $.00 Total Purchase Price $.00 Less Down Payment $ 2, Total Due at Closing $.00 Purchased By: Date 9/24/14 Buyer Phone Printed Buyer Address: City State Zip Date Buyer Phone Printed Buyer Address: City State Zip sample Date Buyer s Agent Phone Printed Agent Address: City State Zip Names for Deed: Accepted By: Seller Gust & Mary Maras Estate Printed Seller Date Time: Date Printed

21 Contract PROMISSORY NOTE 1927 S 25 th St, Terre Haute, Harrison Township Vigo County, State Indiana $ 2, /24/2014 Amount FOR VALUE RECEIVED, the undersigned promises to pay by wire transfer to the Order of: Aames Title & Closing, LLC 425 Wabash Avenue Terre Haute, IN. The Sum of Two-Thousand-Five-Hundred dollars ($2,500.00), as a deposit for the purchase of real estate described in Contract of even date herewith and attached hereto executed the undersigned, payable at the closing of said Contract. Date sample This promissory note shall bear no interest until the date of closing of the Contract; thereafter it shall bear interest at the highest rate allowable by law. This Note shall become null and void if and when the undersigned shall complete all requirements for closing as set out in the attached Contract. If said requirements are not fulfilled this Note shall be fully enforceable at law. If this Note is placed in the hands of an attorney for collection, by suite or otherwise, the undersigned agree to pay all costs of collection and litigation together with a reasonable attorney s fee. Signature Date, 2014 Signature Date, 2014

22 Bid Certification Internal Office Use Received Date Time By Approved By BID CERTIFICATION I acknowledge this is an ABSOLUTE auction with no reserve, regardless of price. By signing this certification and returning it to the offices of United Country Coffey Realty & Auction, or an employee therein. I hereby certify that: 1. I acknowledge that I have received a complete PIP (Property Information Packet). 2. I have read the auction rules and bidding format as set out by the Auctioneers and contained in the PIP and I completely understand them. 3. I understand that the terms and rules of the auction will be strictly enforced and that there will be no exceptions. 4. I currently have sufficient funds to meet the Deposit and Further sum requirements as called for by the agreement of purchase and sale. 5. I have examined the proposed agreement of purchase and sale given to me as part of the PIP and understand that it is a legally binding contract and is not contingent upon financing or anything else. 6. I understand that if I am the successful bidder, I will be required to sign the agreement of purchase and sale immediately upon notice of being the successful bidder. I agree to complete and sign the agreement of purchase and sale immediately upon such transmitted notice. 7. I understand that an 11% Buyers Premium will be added to my final bid and is due in addition to my final bid to complete the final purchase price. 8. I understand that the Auctioneers are working for the Seller and there is no relationship of dual agency. 9. I understand that my registration for the auction will not be accepted without providing ALL of the information below and signing and returning a copy of the Terms & Conditions of this auction and by doing so you are agreeing to the terms of the auction. 10. I understand that I am responsible for the down payment and that my credit card below will be charged for the deposit if the wire transfer is not received by the time stated on the terms and conditions of the auction. Property Address: 1927 S. 25 th St. and / or 1930 S. 25 th St., Terre Haute, IN Printed Name: Bidder Address: Phone: Address: Credit Card Type: O MasterCard O Visa O Discover Name on Card: Card Number: Security Code: Expiration Date: Signature: Return to: 6391 S. Old State Rd. 37, Bloomington, IN Fax: (812) jcoffey@unitedcountryin.com cc: mgarvin@jdcgroup.com

23 Auction Advantages Buyer Benefits Purchase property at fair market value Eliminate sometimes long negotiation periods Reduce time to purchase property Gain confidence as they compete Do not have to worry about contingencies because pur chasing and closing dates are known Feel better about a purchase ± just knowing there is a contending bid just one increment under purchase price Buyers know property owners are motivated to sell Buyers know property owners sell at lowest price pos sible Buyers can receive favorable financing Buyers set their own purchase price

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