BINGAMON REAL ESTATE AUCTION

REAL ESTATE AUCTION

Jamestown Area Building Lots

WEDNESDAY * AUGUST 13, 2003 * 6:00 PM

PROPERTY LOCATION: Property location: Corner of Cherry Grove & Junkin Rds, Jamestown, OH. From Old Route 35 W of Jamestown, go N on Cherry Grove Rd to intersection with Junkin Rd. Watch for signs.

AUCTION LOCATION: St Augustine Catholic Church, E Washington St (Old Route 35), Jamestown, OH.

LIFE IN THE COUNTRY IS GREAT!! For further information, call for Bidder Package or visit us at

Enjoy this great life style by owning one of these 4 lots. Corn, soybean, and meadow fields surround you. Quiet road in northern New Jasper Twp, in Greeneview School District. One lot at Shawnee Lake on Shawnee Trail.

Public Inspection: Tuesday, August 5, from 4-5:30 PM

TRACT 1: 2.0-acre tract with frontage on Cherry Grove Rd. Sells at Absolute Auction.

TRACT 2: 2.0-acre tract with frontage on Cherry Grove Rd. Sells subject to confirmation of Seller.

TRACT 3: 2.0-acre tract with frontage on Cherry Grove & Junkin Rds. Sells subject to confirmation of Seller.

TRACT 4: 2.0-acre tract w/frontage on Junkin Rd. Sells subject to confirmation of Seller.

TRACT 5: This small lot is located on the east side of Shawnee Trail, and is near the lake. Sells at Absolute Auction.

REAL ESTATE SALE TERMS

Bidding Procedure: Property will sell by the Multi-Parcel Auction Method in individual tracts, combinations of tracts, or in the entirety to the highest bidder(s). Bidding on all tracts and combinations during the auction will be determined by the Auctioneer. The tracts will sell in the manner resulting in the highest total bid price. Tracts 1 and 5 sell at absolute auction to the highest bidder. Tracts 2, 3, & 4 sell subject to confirmation of the Seller.

Acceptance of Bid Prices: The successful bidder(s) will sign a Confirmation of Sale Agreement(s) at the auction site immediately following the close of bidding.

Down Payment: Ten percent (10%) of the purchase price as down payment day of auction upon signing of Confirmation of Sale Agreement; balance due at closing. Bidding IS NOT CONDITIONAL UPON FINANCING.

Real Estate Taxes: Taxes prorated to date of closing. Purchaser to be responsible for any CAUV recoupment charges due to change in land use.

Survey: The Seller will provide a new survey to the Purchaser(s). All lot splits are subject to the final approval of all New Jasper Township and Greene County governmental departments.

Closing Date: On or before September 16, 2003.

Possession: Date of closing with tenants in possession rights reserved to harvest 2003 crops, if necessary.

Agency: Sheridan & Associates, Auctioneers, Real Estate Broker, Appraisers, LLC and its representatives are Exclusive Sales Agents for the Seller.

Disclaimer and Absence of Warranties: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Confirmation of Sale Agreement. Announcements made by the Auctioneer at the time of the Auction will take precedence over any previously printed or oral information. The property is sold on an “AS IS, WHERE IS” basis, and no warranties or representations, either expressed or implied, concerning the property are made by the Seller or the Auction Company. Each bidder is responsible for conducting his/her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is believed to be accurate, but is subject to verification by all parties relying on it. Neither the Seller nor the Auction Company assumes liability for its accuracy, errors, or omissions. Conduct at the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and the Auction Company reserve the right to preclude any person from bidding if there is any question as to the person's credentials, fitness, legal capacity, etc. All decisions of the Auctioneer are final.

Inspection: Prospective buyers may walk and inspect the tracts at any time. Auctions Agents will be at Tract 1 on Tuesday, August 5, 2003.

DANIEL & KATHI BINGAMON, OWNERS

Auctioneers: Keith Sheridan & Bart Sheridan, CAI

(Toll Free) 1.866.AtAuction (282.8284)

www.SheridanAuctions.com