1-STORY RANCH HOUSE & LOT

The undersigned Auction Company has been authorized to sell the Real Estate belonging to Warner & Virginia Knight, located in Robinson Township, Posey County, at 11619 Roedel Drive, Evansville, Indiana.

REAL ESTATE:  The Real Estate consists of a 0.69 acre lot improved with a 1971 constructed 1-story ranch house consisting of 1,650 sq. ft. and a 2-car detached garage measuring 24′ x 24′.  The house contains a living room, a kitchen/dining room, (3) bedrooms, and (1) bathroom.  The house has central heat and air.  Sewage is through a septic system/field bed.  Upgrades include a roof less than 5 years old with new gutters, caps, & soffit; 200 amp electrical wiring; new plumbing; new cabinets, floor, & range in the kitchen.

PROCEDURE: The Real Estate will be offered in one (1) tract.  Conduct of the auction and increments of bidding are at the discretion of the auctioneer.  All decisions of the Auctioneer are final.

DOWN PAYMENT: A 10% down payment is due on the day of the auction with the balance due at closing.  The down payment may be in the form of cash, cashier’s check, personal check or corporate check.  Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.  .

ACCEPTANCE OF BID PRICES:  Successful bidder will be required to enter into a Purchase Agreement at the auction immediately following the close of the auction.  All final bid prices are subject to the Seller's acceptance or rejection.

BUYER’S PREMIUM:  A 7% buyer’s premium will be added to the high bid to determine the contract sale price.

DEED:  Seller shall provide a General Warranty Deed conveying title to the property.

CLOSING:  The balance of the purchase price is due at closing, which will take place within 30 days of the presentation of insurable title.

POSSESSION:  Possession will be delivered at closing.

REAL ESTATE TAXES:  The seller will pay May 2010 taxes and the buyer will pay all subsequent taxes.

ACREAGE: All tract acreages, dimensions and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.  Buyer should make his own independent determination of acreage prior to bidding.

SURVEY: If a survey is deemed necessary, the cost of the survey shall be paid for by the Buyer.

MINERALS: The Seller will convey all mineral interests they own with the real estate.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this ad and all related materials are subject to the terms and conditions outlined in the Purchase Agreement, which shall take precedence.  The property is being sold on an "AS IS, WHERE IS" basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or WILLIAM WILSON AUCTION & REALTY, INC., including, but without limitations to fitness for a particular use, physical condition, any specific zoning classification, title, location of utilities, assurance of building permits, driveway permits, or water and septic permits. All sketches and dimensions are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property.

DIRECTIONS: From Highway 66/outer Diamond Avenue, turn north onto County Road 1150 E to Roedel Drive and then turn right.

AUCTION LOCATION: The auction will take place at 4:00 PM CST on Wednesday, March 24, on-site at the residence.

SHOWINGS: For private showing, please call the auction company.

AUCTIONEER’S NOTE: This is a fantastic opportunity to purchase a well maintained home in a quiet rural setting, just minutes from Evansville.

OWNER: Warner H. & Virginia Knight

All announcements the day of the auction take precedence over printed material or any other oral statements made.