Description

CLARK COUNTY LAND

Farm & Recreational Property

197+/- Acres in Madison Township

Tuesday, November 23, 2004, 1:00 PM

Property Description:

Parcel A: 61+ Acres.  Sells at ABSOLUTE AUCTION with no reserves or minimum bids.  Includes a combination of woodlands, tillable acreage, and wetlands.

Parcel B: 46+ Acres.  Sells Subject to Confirmation of the Seller. 40+ tillable acres.

Parcel C: 89+ Acres.  Sells Subject to Confirmation of Seller.  83+ tillable acres.

Property Location:  Old Springfield Road, just west of South Charleston, OH.  From Springfield, travel S. on SR 41 to right on Old Springfield Road.  From South Charleston, travel N. on SR 41 to left on Old Springfield Road.  Watch for signs.

Auction Location:  8390 Old Springfield Road, South Charleston, Ohio, directly west of farm.

Open House: Auction Agents will be at Auction Location at 7400 Old Springfield Road (just west of the subject property) on Monday, Nov 8th, 4:00-5:30 PM.

Real Estate Sale Terms

Bidding Procedure:  Parcel A will sell at ABSOLUTE AUCTION, absolutely to the highest bidder with no reserves or minimum bids. Parcels B & C will sell Subject to confirmation of the Seller.

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

Down Payment:  10% down payment earnest money upon signing of Confirmation of Sale Agreement.

Real Estate Taxes:  Taxes ($1,358.04 annual) will be prorated to date of closing.  Purchaser to be responsible for any CAUV recoupment charges due to change in land use.

Closing Date:  On or before December 23, 2004, time being of the essence.  Purchaser will pay for title search and other normal and customary closing costs.

Possession:  Date of closing with tenant in possession rights reserved to harvest 2004 crops.

Survey:  Final parcel acreages are subject to survey to be completed prior to auction date.  Visit us on the web or call for final acreages.

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.

DAVE LONG, Owner

Auctioneers: Keith Sheridan & Bart Sheridan, CAI

(Toll Free) 1.866.AtAuction (282.8284)