PROPERTY INFORMATION PACKAGE Our 7,537 th Auction Real Estate Foreclosure Auction 17-39 Split Level Home 32+/- Acres 3859 (f/k/a 3857) Broadway, Kenduskeag, ME Wednesday, March 22, 2017 at 1:30PM
February 28, 2017 Dear Prospective Bidder: Keenan Auction Company, Inc. would like to announce Real Estate Foreclosure Auction 17-39: Real estate consists of a 32+/- acre parcel improved by a 3-bedroom split level home. The auction will be held on Wednesday, March 22, 2017 at 1:30PM on premises. Please find our detailed Property Information Package enclosed for your review. The above property is subject to a $5,000 deposit (non-refundable as to the highest bidder) in CASH or CERTIFIED U.S. FUNDS made payable to the Keenan Auction Company, Inc. (deposited with Auctioneer as a qualification to bid), with balance due and payable within 30 days from date of auction. The property will be sold by public auction subject to all outstanding municipal assessments. Conveyance of the property will be by release deed. All other terms will be announced at the public sale. Keenan Auction Company, Inc. is committed to providing you with comprehensive information concerning this property. Our staff is readily available to assist you with any questions you may have regarding this property or the auction process. Thank you for your interest in this property and we look forward to seeing you on the day of the sale. Sincerely, KEENAN AUCTION COMPANY, INC. Enc. "This agency represents the Seller's interests and, as such, has a fiduciary duty to disclose to the Seller information, which is material to the sale, acquired from the Buyer or any other source."
Real Estate Foreclosure Auction 17-39 Split Level Home 32+/- Acres 3859 (f/k/a 3857) Broadway, Kenduskeag, ME Prepared for: People s United Bank, N.A. Prepared by: Keenan Auction Company, Inc.
Table of Contents Agency Relationships (Form 3)... 1 Disclaimer... 2 Advertisement... 3 Location Map... 4 Tax Map... 5 Assessment Information... 6 Municipal Information... 8 Property Disclosure Form... 9 Enclosures: Terms and Conditions of Sale Purchase and Sale Agreement Quitclaim Deed Without Covenant Note: Please use page number in lower right hand corner of page
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DISCLAIMER ATTENTION PROSPECTIVE BIDDER THE INFORMATION SET FORTH IN THIS PROPERTY INFORMATION PACKAGE IS BELIEVED TO BE CORRECT AND COMPLETE. HOWEVER, THE KEENAN AUCTION COMPANY AND THE SELLER OF THIS PROPERTY AND ITS AGENTS/REPRESENTATIVES MAKE NO WARRANTIES AS TO THE ACCURACY, TRUTHFULNESS AND COMPLETENESS OF THIS INFORMATION. PRIOR TO THE AUCTION, PROSPECTIVE BIDDERS SHOULD MAKE SUCH INVESTIGATION, AS THEY DEEM APPROPRIATE. 2
Advertisement Notice Of Real Estate Foreclosure Auction 17-39 Pursuant to 14 M.R.S.A. 6323 Split Level Home 32+/- Acres 3859 (f/k/a 3857) Broadway, Kenduskeag, Maine Wednesday, March 22, 2017 at 1:30PM Notice is hereby given that in accordance with a Judgment of Foreclosure and Sale dated October 21, 2016, and entered by the Maine District Court in Newport for Penobscot County, in the case of Peoples United Bank v. Gordon Pullen et al, Docket No. NEWDC-RE-16-38; and wherein the Court adjudged a foreclosure of the mortgage deed dated August 31, 1998 and recorded in the Penobscot County Registry of Deeds in Book 6811, Page 298; the period of redemption from said judgment having expired, a public sale will be conducted on March 22, 2017, commencing at 1:30 p.m. at 3859 (f/k/a 3857) Broadway, Kenduskeag, Maine. Reference should also be had to the mortgage deed for a more complete legal description of the property to be conveyed. Real Estate: Consists of a 32+/- acre parcel of land improved with a 1,386+/- sf. split level home. The home contains 6 rooms, 3-bedrooms, 2-baths, kitchen, living room and a detached 2-car garage. Reference Kenduskeag Tax Map 5, Lot 27. Preview: Thursday, March 2, 2017 from 1:30-2:30PM Terms: A $5,000.00 deposit to bid (nonrefundable as to highest bidder) in CASH or CERTIFIED U.S. FUNDS, made payable to the Keenan Auction Co., Inc., 30 day closing. The property will be sold by public auction subject to all outstanding municipal assessments. Conveyance of the property will be by release deed. All other terms will be announced at the public sale. For a Property Information Package visit KeenanAuction.com or call (207) 885-5100 and request by auction number 17-39. Richard J. Keenan #236. Our 45 th Year and 7,537 th Auction. 3
Location Map 4
Tax Map [Map 5, Lot 27] 5
Assessment Information 6
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Municipal Information Real Estate Foreclosure Auction 17-39 3859 (f/k/a 3857) Broadway, Kenduskeag, ME 2016 Mill Rate $14.30 Per $1,000.00 Percent of Valuation at Market 100% Tax Map 5, Lot 27 2016 TAX VALUE: Land $ 54,620.00 Building 70,500.00 Total Value $ 125,120.00 HOMESTEAD EXEMPTION: $15,000.00 2016 ANNUAL REAL ESTATE TAXES: $ 1,574.72 REAL ESTATE TAXES DUE: As of March 22, 2017 2016 - Paid 2017 - Due in Oct. 2017 PUBLIC WATER: NA PUBLIC SEWER: NA The above information was obtained from the Kenduskeag Town Hall. For further details on municipal information please contact the Town Hall at 207-884-7947. 8
3859 (f/k/a 3857) Broadway, Kenduskeag, ME 9
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TERMS AND CONDITIONS OF SALE March 22, 2017 Pursuant to the Judgment of Foreclosure and Sale Order entered in the Maine District Court (Penobscot County) Docket No. NEWDC-RE-16-38 in the Civil Action entitled Peoples United Bank v. Gordon Pullen, for the foreclosure of a mortgage of real estate located on 3859 f/k/a 3857, Broadway, Kenduskeag, Maine, which mortgage is recorded in the Penobscot County Registry of Deeds in Book 6811, Page 298 dated August 31, 1998, which mortgage deed reference is made for a more particular description of the premises to be sold. Peoples United Bank announces the following terms and conditions of sale: 1. Sale will be conducted by Keenan Auction Company, Inc. on behalf of Peoples United Bank. 2. All prospective bidders must register with Keenan Auction Company, Inc. before the sale and tender a bid and sign the Terms and Conditions of Sale. All bidders will be required to submit a bid deposit of $5,000.00 in cash or certified funds before their bid be accepted. The bid deposit will be returned to all unsuccessful bidders at the conclusion of the auction. 3. The real estate consists of property located on 3857 Broadway, Kenduskeag Maine. 4. The mortgagee expressly reserves the right to: a. refuse to accept any and all bids b. to hold one or more recesses, and c. to amend or waive the terms of sale. 5. A deposit bid of $5,000.00 must be left with the auctioneer prior to the sale. The deposit must be in the form of cash or certified U.S. funds, made payable to the auctioneer. The deposit to bid is nonrefundable as to the high bidder. Unsuccessful bidder s checks will be returned immediately after the auction. 6. Oral bids will be accepted beginning at 1:30 p.m. 7. The successful bidder must sign a Purchase & Sale Agreement which will require a closing within 30 days of the public sale, at which time the remaining balance must be paid in full, payable in cash, certified funds, or a bank check. 9. No representations or warranties of any kind are made with respect to the property, including, without limitation its condition or any use to which it may be put. Buyer acknowledges that the property is being sold on an "AS IS", "WHERE IS", "WITH ALL DEFECTS" basis, and any and all warranties, express, implied or otherwise, including without limitation, the warranties of habitability, merchantability, marketability and fitness for any purpose, shall be and hereby are disclaimed. No representation or warranty is made as to title to the property or the property's compliance with any laws, rules, regulations or ordinances, including, without limitation, any of the same pertaining to zoning, environmental law or hazardous waste. Seller and its agents and attorneys shall have no responsibility or liability for loss of use of the assets, loss of income, loss of time, inconvenience, commercial loss and/or any incidental or consequential damage, loss or injury. {R1733169.1 24582-072184 }
Buyer is not entitled to rely on any representations or warranties regarding the real property, and any such representations or warranties have not been authorized by Seller or its agents and attorneys, and Seller takes no responsibility for and shall not be liable as a result of such representations or warranties. 10. The property is sold "as is" and "where is" and is subject to all outstanding real estate taxes and leases whether or not of record and restrictions of record. Peoples United Bank makes no representations regarding the condition of the premises, or any federal, state or local land use or environmental laws. 11. Peoples United Bank reserves the right to bid and shall not be required to make a bid deposit. 12. Peoples United Bank will convey the premises by a Quitclaim Deed without covenant upon payment of the purchase price. 13. The risk of loss or damage to said premises by fire or otherwise is assumed by Seller until closing. 14. These terms of sale supersede the Notice of Public Sale to the extent that there are any material differences between the two documents. 15. You have signed a written binding contract agreeing to the Terms and Conditions of Sale, and understand that any bid you make falls under the Maine Auction Law, Title II, Section 2-328 of the Uniform Commercial Code, and the Statute of Frauds. Maine auctions are under the jurisdiction of the State of Maine Department of Professional and Financial Regulations, Board of Licensing of Auctioneers, 33 State House Station, Augusta, ME 04330. 16. Public Auction Bid Price Disclosure: The Seller and Buyer authorize the Auctioneer, its agents and employees, to disclose the public auction prices to any party prior to the actual closing date, and in the event of a non-confirmed, canceled, or defaulted sale. The undersigned acknowledges that he/she has read the foregoing terms of sale and fully understands them and agrees to be bound thereby. All representations and warranties having been disclaimed and any bid made by the undersigned is made without any reliance on any statement, action, or conduct of Mortgagee or its agents or attorneys. Dated: Name {R1733169.1 24582-072184 }
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