TERMS AND CONDITIONS OF SALE
REAL PROPERTY LOCATED AT
316 STILLWATER ROAD, TOWNSHIP OF SUGAR GROVE
COUNTY OF WARREN, STATE OF PENNSYLVANIA,
IDENTIFIED AS TAX PARCELS: YV-002-3483 & YV-002-3721
WILL BE OFFERED FOR SALE AT PUBLIC AUCTION
ON TUESDAY, MAY 8, 2018. BIDDING TO BEGIN AT 6:00 PM

The auction will be held on location at the property

Auction Parcel #1: YV-002-3483– Approximately 61+/-acres with a 1 ½ story cabin, barn, shop, storage house, and a sugar shanty.

Auction Parcel #2: YV-002-3721- Approximately 11.5+/- acres with a two story home, work shop, and a machinery storage shed.

(1.) This property is being offered for sale “AS IS, WHERE IS”, with no guarantees or warranties of any sort, either actual or implied, including but not limited to sewer system, water system, plumbing, heating, electrical, interior and exterior of all buildings, any fixtures, and the land.

(2.) All property boundaries are approximate, and no guarantees of any kind are given with respect to the acreage shown on tax maps or referred to in any existing deeds, surveys, or sale literature. A land survey will not be supplied by the seller.

(3.) Prospective Purchasers are responsible for inspecting the property, being knowledgeable about its physical condition and any existing zoning regulations, leases, easements, rights of way, or other restrictions regarding its use, and understanding closing costs and fees, PRIOR TO THE AUCTION. The property is currently zoned R2/AG. Is in Clean Green program.

(4.) The sale will be subject to the approval of the Seller within 48 hours of the auction. The Seller reserves the right to accept or reject any and all bids, for any reason whatsoever.

(5.) The successful high bidder will immediately sign a Contract for Sale of Real Property and will place a $ 5,000.00 deposit per auction parcel in the form of cash or good check with Mike Peterson Auction & Realty Service to be held in their escrow account until closing.

(6.) The deposit will NOT be refunded if the sale is not completed due to the default of the Buyer for any reason and therefore will be forfeited to the seller.

(7.) The deposit WILL be refunded in full to the Purchaser if the sale is not completed due to the default of the Seller for any reason.


(8.) The BALANCE will be due and POSSESSION will be granted at CLOSING.
Projected closing date June 20, 2018.

(9.) The Seller shall furnish an INSURABLE TITLE to the Purchaser, free and clear of any liens or encumbrances, subject to any leases, easements, rights of way, or deed restrictions of record. All Oil, Gas, Mineral, and Timber rights will transfer.

(10.) CLOSING COSTS – The Purchaser will pay for title search update, transfer taxes will be divided and paid for equally by Purchaser and Seller, and each will pay their own attorney fees.

(11.) PROPERTY TAXES will be PRORATED as of the CLOSING DATE.

(12.) Michael W. Peterson is acting only as Sales Agent for the Seller, and has no personal interest in the property.

ANY ANNOUNCEMENTS MADE BY THE AUCTIONEER ON THE DAY OF THE SALE WILL TAKE PRECEDENCE OVER ANY PRINTED MATERIAL.

THE SELLER AND THIER SALES AGENTS WILL NOT BE HELD RESPONSIBLE FOR ANY ACCIDENTS SHOULD THEY OCCUR BEFORE, DURING, AFTER, OR BECAUSE OF THE AUCTION.


SELLER: Raymond U. and Fannie J. Miller

ATTORNEY: Crandall G. Nyweide
8761 East Main Streer PO Box 369
Clymer, New York 14724
716-355-2740

BROKER: Michael W. Peterson, Mike Peterson Auction and Realty Service
164 Ivory Street, Frewsburg NY 14738
Pennsylvania Real Estate Broker Lic. # SBR000353
Pennsylvania Auctioneer Lic. # AU002696L
Telephone: 716-665-0668
E-mail: peteauction@hotmail.com Web Site: www.petersonauction.com