PARTIAL TERMS:

The property will be sold at Sealed Bid Auction ending Wednesday - July 25, 2018 at 2:00pm
This is a Court Ordered Bankruptcy Auction
Creditors will be allowed to place bids.
In the case of a tie bid, tie bid parties will be notified and requested to provide their highest and best.
To be approved as a bidder a signed copy of the terms and conditions along with a signed bidder's certification must be received and approved by the auction office.
The property will be Sold ABSOLUTE with no reserve, regardless of price.
Property sells as-Is with no warranties expressed or implied
Property included in the sale is the real estate and attachments only
Buyer's Premium
A 10% buyer's premium will be added to the final bid and charged to the buyer, the final bid plus the 10% buyer's premium will establish the final sales price.
A 10% down payment must be paid by the successful bidder by direct wire transfer within 24 hours of acceptance of the auction contract by the Sellers payable to John Bethell Title Co. The down payment deposit will be non-refundable; your bidding is not conditional upon financing, so be sure you are prepared to pay cash at closing or have arranged your financing prior to bidding. The balance of the purchase price including the buyer's premium will be due via a wire transfer to the closing company, on delivery of insurable title on or before August 23, 2018.
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 based on a Bankruptcy Court Ordered sale free and clear of any other encumbrances other than easements, right of ways and 2017 fall taxes due and payable fall 2018.
The seller agrees to furnish buyer(s) with an owner's policy of Title Insurance Policy at closing.
Real Estate Taxes:
o The Spring installment of the 2017 taxes will be paid by the seller at closing.
o The Buyer is responsible for the 2017 Fall installment due and payable Fall 2018.
Court Order states: The property shall be sold free of all liens and encumbrances and those liens will be paid from the proceeds of the sale in the order of their priority pursuant to: 11 USC ~ 363 (b) and (f). The purchaser is NOT assuming responsibility for any of the liens except property taxes and other governmental assessments due on or after November 15, 2017.

Closing:
Closing shall take place at the office of: John Bethell Title Company, Inc., 2626 S. Walnut St., Bloomington, IN
Closing fee will be paid by the buyer.
Closing will be held on or before August 23, 2018
Possession will be granted on day of final closing.
The successful Bidder shall execute a "Real Estate Auction 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.
Further; Property sells as-is with no warranties expressed or implied
United Country Coffey Realty & Auction along with their representatives are exclusive agents of the Seller/Federal Bankruptcy Court.
Seller: In God I Trust Revocable Living Trust
All announcements made up to the final close of the Auction bidding take precedence over all advertising, oral or printed material.
All marketing information and PIP materials were gathered from reliable sources and are believed to be correct as of the date they were published; however the seller or auctioneers have not independently verified this information. Auction plats and drawings are not to be relied on and are for representation purposes only. Its accuracy is not warranted in any way. There is no obligation on the part of the sellers or auctioneer to update this information.


VIEWING INSTRUCTIONS: Open house / preview dates and times:
Sunday - July 1, 2018 1-3pm OR July 9, 2018 4-6pm

The viewing of the property will be at the viewer's own risk the Seller, neither Auctioneer nor the Listing Agency be held responsible for accidents.

For questions call Jimmie Dean Coffey at (812) 360-6005 or United Country Coffey Realty & Auction office (812) 822-3200.

Absolute Sealed Bid Bankruptcy Auction. All bids are due by July 25, 2018 at 2:00pm All sealed bids / offers must be delivered to the office of United Country Coffey Realty & Auction via our Online Bidding Portal which will NOT be viewable by the public or by conventional purchase agreement subject to auction terms & conditions. 10% Buyer's Premium PLEASE USE EXTREME CAUTION WHEN SHOWING PROPERTY. IT IS AN UNFINISHED CONSTRUCTION SITE WITH NO SAFETY PRECAUTIONS IN PLACE. ALL AGENTS AND PROSPECTS WILL BE ENTERING AT THEIR OWN RISK.