TERMS AND CONDITIONS OF SALE
REAL PROPERTY LOCATED AT
6387 ROUTE 426, TOWN OF SPRING CREEK,
COUNTY OF WARREN, STATE OF PENNSYLVANIA,
IDENTIFIED AS TAX PARCEL: CY-664-469100-000
WILL BE OFFERED FOR SALE AT PUBLIC AUCTION
LIVE WITH WEBCAST BIDDING AVAILABLE

Online Bidding Opens: Monday, May 1st at 9AM
Live Auction w/ Webcast: Thursday, May 4th at 6PM

Open House/Preview: Monday, May 1 3PM-5PM
Or call for private showing

Auction Parcel Approximately .13 acre lot with a house.

(1.) This property is being offered for sale "AS IS, WHERE IS", with no guarantees or warranties of any sort, either actual or implied, including but not limited to sewer/septic system, water system, plumbing, heating, electrical, interior and exterior of all buildings, any fixtures, and the land. Private septic and well.

(2.) All property boundaries are approximate, and no guarantees of any kind are given with respect to the acreage shown on tax maps or referred to in any existing deeds, surveys, or sale literature. A land survey will not be supplied by the seller.

(3.) Prospective Purchasers are responsible for inspecting the property, being knowledgeable about its physical condition and any existing zoning regulations, leases, easements, rights of way, or other restrictions regarding its use, and understanding closing costs and fees, PRIOR TO THE AUCTION. The property is currently zoned R1.

(4.) The sale will be subject to the approval of the Seller within 48 hours of the auction. The Seller reserves the right to accept or reject any and all bids, for any reason whatsoever.

(5.) The successful high bidder will immediately sign a Contract for Sale of Real Property and will place a $ 5,000.00 deposit in the form of cash or good check with Peterson Auction & Realty LLC to be held in their escrow account until closing.

(6.) Upon completion of the auction the successful high bidder is also responsible to pay a Buyer's Premium of $ 2,000.00 which is on and above the bid price and due auction day to be held in Peterson Auction & Realty LLC escrow account until closing.

(7.) The deposit and buyers premium will NOT be refunded if the sale is not completed due to the default of the purchaser for any reason and therefore will be forfeited to the seller.

(8.) The deposit WILL be refunded in full to the Purchaser if the sale is not completed due to the default of the Seller for any reason.

(9.) The BALANCE will be due and POSSESSION will be granted at CLOSING.
Projected closing date July 10, 2023.

(10) The Seller shall furnish a WARRANTY DEED to the Purchaser, free and clear of any liens or encumbrances, subject to any leases, easements, rights of way, or deed restrictions of record. All sellers OMG (Oil, Gas, Mineral) and timber rights will transfer upon closing.

(11.) CLOSING COSTS The Seller will pay for title search update, transfer taxes will be divided and paid for equally by Purchaser and Seller, and each will pay their own attorney fees.

(12.) PROPERTY TAXES will be PRORATED as of the CLOSING DATE.

(13.) Seller and/or Auctioneer reserve the right to cancel the auction for any reason prior to set auction date

(14.) Michael W. Peterson is acting only as Sales Agent for the Seller, and has no personal interest in the property.

ANY ANNOUNCEMENTS MADE BY THE AUCTIONEER ON THE DAY OF THE SALE WILL TAKE PRECEDENCE OVER ANY PRINTED MATERIAL.

THE SELLER AND THIER SALES AGENTS WILL NOT BE HELD RESPONSIBLE FOR ANY ACCIDENTS SHOULD THEY OCCUR BEFORE, DURING, AFTER, OR BECAUSE OF THE AUCTION.

SELLER: Estate of Elaine V Hulings/ Ronald Hulings, Executor

ATTORNEY: Kenneth L Crosby 814-723-4170
400 Market Street
Warren, Pennsylvania 16365

BROKER: Michael W. Peterson, PA Broker License # SBR000353
Peterson Auction and Realty LLC
164 Ivory Street, Frewsburg, New York 14738
Telephone: 716-665-0668
E-mail: peteauction@hotmail.com Web Site: www.petersonauction.com