GROOMS ESTATE

GROOMS ESTATE

* 2 * REAL ESTATE ABSOLUTE AUCTIONS * 2 *

Thursday * July 11, 2002 * 4:30 PM

City of Xenia Lot * Silvercreek Twp Lot

Auction Location: Offices of Zachritz & Theodore, Attys at Law, 67 W. Main St, Xenia, OH.

Contact Auction Agents for Bidder Package

Property A

40' x 157' lot at West Second St just west of Bellbrook Ave. Wooded with small creek along lot line. Zoned for Commercial use.

Property B

0.25-acre lot on Jasper Rd, Silvercreek Twp, just west of Waynesville-Jamestown Rd.

Real Estate Sale Terms

Bidding Procedure: The properties will sell absolutely to the highest bidder.

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: Lesser of $500 per property or final bid price(s) 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 (Property A - $280.24 annual; Property B - $11.51) prorated to date of closing.

Closing Date: On or before August 16, 2002.

Possession: Date of closing.

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 assume 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.

HAROLD F. GROOMS ESTATE

James Zachritz, Exec & Atty

Greene Co Probate No. 33868

Auctioneers: Keith Sheridan & Bart Sheridan, CAI

(Toll Free) 1.866.AtAuction (282.8284)

www.SheridanAuctions.com * SAAUCTION@AOL.COM