DOWN PAYMENT:$10,000 down payment on the day of the auction with balance in cash at closing. The down payment may be in the form of cash, cashiers 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.

BUYER`S PREMIUM: A buyer's premium of 10%, with a minimum of $3500, will be added to the final bid price of the property.

APPROVAL OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.

DEED: Seller shall provide a Warranty deed.

EVIDENCE OF TITLE: Seller shall provide title insurance in the amount of the purchase price.

CLOSING: Closing shall take place in 30 days,

POSSESSION: At closing.

REAL ESTATE TAXES: Taxes are pro-rated and final at day of closing

ACREAGE: All acreage is approximate and has been estimated based on current legal descriptions and/or aerial photos.

SURVEY: There shall be no survey

EASEMENTS: The sale of the property is subject to any and all easements of record.

ONLINE BIDDERS: All online bidders will be required to abide by the same terms. They will be required to complete the purchase agreement within 24 hours from the auctioneer declaring the property sold at the auction.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. Tract acreage has been estimated based on aerial photographs. 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 the Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the auctioneer are final.

ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE.

Real Estate Auction Saturday March 23, 2019 11:00am CDT Located at 125 Upland Rd Michigan City, IN. From W Michigan Blvd turn north on E 2nd St and follow to Center St. Continue for .4 miles to Lake Shore Dr. Turn east and go .5 miles to Upland Dr and turn south. Home is at the end of street. "Watch for Kraft Auction Signs!" A once in a lifetime opportunity to buy a lake view home in Beachwalk at auction! This custom built home being sold by the original owner features 4 bedrooms, 3.5 baths, and over 3,600 square feet of space. The kitchen features beautiful kitchen cabinets, built in refrigerator, and granite countertops. The great room features vaulted ceilings with wall to wall windows to be able to take in the beautiful views the home has to offer. Home also has 4 fireplaces! And the best part of the whole home, is the large wrap around deck perfect for entertaining and taking in the magnificent views this home has to offer. From the deck you will be able to entertain a number of guest at the custom bar included with the home, plus on 4th of July you will be able to watch fireworks from six local fireworks shows. And did I mention, the home will come fully furnished? The sellers are going to be leaving all their furnishings for the next owner to be able to move right in and enjoy this home! This home is only a short walking distance down the dedicated stairway. If walking isn't your thing, then bring your golf cart as this is a golf cart friendly community. The Beachwalk homeowner's association is in strong financial health and has done numerous capital improvements in the community for residence to enjoy. The current owner had once used this as their primary residence, and in the past few years have used it as an income property as a vacation rental home in 2016. In the first year of rental the home grossed $36,600 in rental income! This past year the home generated $27,400 in gross rental income. With the seller keeping all furnishing with the home, this property can be a turn key rental property for the new owner. Also the home can be perfect for the owner who wants to take advantage of the home for themselves, and gain that rental revenue when they are not using this gorgeous home. Taxes 2018 Pay 2019: $9,296.00 (no exemptions taxed at 2% rate) Previously Listed for $779,000 Minimum Opening Bidd $199,900! Open House: March 16th 11am-1pm. Can't make it? Call for a private showing! Owner:Totten Trust Terms: $25,000 non-refundable down payment immediately after auction (must present check prior to registering to bid), closing in 30 days, sold as-is, possession at closing, trustee deed, taxes pro-rated and final to day of closing, minimum opening bid of $199,900, and subject to a 10% buyer's premium. Kraft Auction Service LLC Col. Conrad Kraft- AU01032667 Jonathan Kraft – AU10500173 219-973-9240 ~ Info@KraftAuctions.com KraftAuctions.com