Terms Real Estate Summary: A 11% buyers premium is in effect (with the exception of auction #3 the minimum buyer premium amount is $2500.00) and shall be added to the auction block price to become part of the total contract deed price. The property is sold AS IS. Auction #1 The Bank of Alderson: Terms quick summary: A 10% Buyer’s Premium is in effect and shall be added to the auction block price to become part of the total contract deed price. The sale is non contingent upon financing, inspections, appraisals or any type of contingencies. The property will convey by a TRUSTEE’S DEED without warranties. The property is sold AS IS/WHERE IS. Neither the seller nor the auction company makes any representation about the condition of the structure. It is solely upon the buyer to determine the condition of the structure and bid accordantly. It is the responsibility of the potential buyer to inspect the property prior to the auction, or to agree that they have had the opportunity and hereby waive the pre inspection period and shall accept the property AS IS, WHERE IS. The seller nor the auction company represent any condition as to the structural condition, the roof, wiring, heating and cooling systems, hazardous materials, incest infestations, flood hazard, lead paint, radon, mold, asbestos, Freon or other refrigerates. Deposit amount due at the auction is $7,500.00 (Seven Thousand Five Hundred Dollars, US funds) with verifiable funds and/or seller approval. The deposit becomes nonrefundable should the purchaser default or fail to close. THE DEPOSIT CHECK NEEDS TO BE ADDRESSED TO Old Dominion Auction Co. The property is being sold by the existing boundary and legal description as described in the deed. Closing on the real estate is 30-45 days after auction date. Time is of the essence. The buyer will not be allowed possession of the property until after closing. It is suggested that the buyer rekey all locks after closing. No information concerning the combination of the bank vault is available; also we do not have keys to the inner “day doors” of the vault. Purchase is responsible for paying ALL closing costs involved in this transaction, regardless of local custom; this will include but not limited to document recording, tax transfer stamps, back taxes, deed preparation, trust deeds, title insurance, closing agent fee, recording fees, additional survey, title search, etc. There are no mortgage liens upon the property. NO PERSONAL PROPERTY IS BEING INCLUDED WITH THE REAL ESTATE SALE, ANY AND ALL PERSONAL PROPERTY THAT MAY REMAIN UPON CLOSING WILL BECOME THE SOLE PROPERTY OF THE PURCHASER WHICH SAID PURCHASER IS RESPONSIBLE FOR DISPOSAL OF PERSONAL PROPERTY Notice of agency relationship: the auctioneer/broker is acting as an agent for the Seller in this transaction. Additional terms, or correction to these terms, will be included in the Property Information Package and all terms will be announced from the block on auction day. Announcements made the day of the auction take precedence over prior oral or written statements. Information is derived from sources believed to be correct but is not guaranteed. It is the responsibility of the buyer and/or the buyer’s agent to determine the accuracy of all measurements, specifications, conditions of this property. Any reference to square footage or acreage is approximate and is not warranted. The auction company is not responsible for mishaps that could happen with Internet bidding such as Internet being down or phone service not functioning and unavailable during the bidding time scheduled to sell this property. In the event of any legal proceedings the exclusive and sole venue shall be held in Greenbrier County West Virginia. Broker participation is encouraged and invited (downloadable document is on right tool bar). Please contact Randy S. Burdette, Riverbend USA LLC broker, for terms and conditions. Riverbend USA 304.445.2897 or 1.800.726.2897 email sold@riverbendauction.com Randy S. Burdette, CAI 927 Auctioneer/ Broker WV 0003860 Jarrod Hines, CAI 2111 Auctioneer Updated 7/20/2014 12:46 pm local time Auction #2 The Old Victorian Terms: PUBLIC AUCTION - The Old Victorian Thursday Afternoon, July 24th - 2 pm local time 301 Railroad Ave. Alderson, WV 24910 Public Auction Inspection : Day of auction 2 hours prior. The Old Victorian Home - 301 Railroad Ave. Alderson, WV 24910 - An Alderson landmark is being offered for auction by Dr. and Mrs. Lilly as they plan on building a new home at their family farm in Summers County. Brief summary of this Outstanding property. Information; Zoned Residential/Commercial Three Story Victorian Home 5204+ square feet Feet Of Living Space: (5204 square feet, not including the basement) 12 foot beamed ceilings and beautiful stained glass windows Excellent Example Of Architectural Design And Craftsmanship This Large Victorian Beauty Is Located In Monroe County W.V. Situated On Large Corner Lot In The Town Of Alderson-24910 (Within Walking Distance To The Famous Greenbrier River.) Post Office, Pharmacy, Health Care Center, Barber Shop, Fire Department, Police Station, and shopping on the same street – walking distance Offering The Following To The New Owner: Total Rooms: (13) Total Bedrooms: (6) (option for 7th) Total Bathrooms: (4) Two Full And Two Half Large Living Room Large Dining Room Large Parlor Room Butler Room Total Fire Places: (4) Large Kitchen With Staircase to Second Level Wide Solid Oak Main Staircase With Large Landing Areas Two Sets Of Sliding Pocket Doors Hardwood Flooring Pantry Utility Room Full Basement With Inside And Outside Entrance Central Hot Water Heat Central Air Conditioning Custom 12 foot Beamed Ceilings Stained Glass Windows Front Main Entrance Foyer Large Closet Space Storage Building One Car Garage/Storage City Water And Sewer Best Insurance Classification possible due to proximity to Fire Dept. and Fire Hydrant Location: 301 Railroad Ave. Alderson, WV 24910 Known as: The Old Victorian Present use: Private residence Water & Sewer service: Public Town of Alderson Electric service: Mon Power aka Allegheny Power High Speed Internet: Frontier DSL, Suddenlink Broadband, Air cards from cellular services Police and Fire protection: Town of Alderson PD, Monroe County Sheriff’s Dept. West Virginia State Police – Alderson Volunteer Fire Department, Tri County Fire Company, Alderson, WV, Alderson Federal Prison FD Phone: Frontier landline, Cellular service by AT & T, Verizon, U.S. Cellular and possibly others Parking: Private carriage house included and unmetered on street Tax district 1: Alderson Corporation, Monroe County Tax Map 2 , Parcel 35 Legal description: LOT 53 R.R. AVE. 129X155 Property taxes: Approx. $863.25 Deed Book 257 , Page 23 NO PERSONAL PROPERTY IS BEING INCLUDED WITH THE REAL ESTATE SALE, ANY AND ALL PERSONAL PROPERTY THAT MAY REMAIN UPON CLOSING WILL BECOME THE SOLE PROPERTY OF THE PURCHASER WHICH SAID PURCHASER IS RESPONSIBLE FOR DISPOSAL OF PERSONAL PROPERTY. Terms: Real Estate Summary: (Complete terms COMING SOON and will be included in the property information package) Notice of agency relationship, the auctioneer/broker is acting as an agent for the seller in this transaction. Terms quick summary: A 11% Buyers Premium is in effect and shall be added to the auction block price to become part of the total contract deed price. The property is sold AS IS/WHERE IS. Deposit amount due at the auction is $9,900.00 with verifiable funds and/or seller approval. The property is being sold by the boundary as described in the deed. Closing on the real estate is 30-45 days after auction date. Purchase is responsible for paying ALL closing costs involved in this transaction, regardless of local custom; this will include but not limited to document recording, tax transfer stamps, deed preparation, trust deeds, title insurance, closing agent fee, recording fees, additional survey, title search, etc. The real estate is offered with highly motivated seller approval. Come prepared to buy at the auction. The bidder’s offer is irrevocable for 5 full business days after the auction, pending Seller approval or rejection of said offers. Notice of agency relationship: the auctioneer/broker is acting as an agent for the Seller in this transaction. Additional terms, or correction to these terms, will be included in the Property Information Package and all terms will be announced from the block on auction day. Broker participation is encouraged and invited (downloadable document is on right tool bar). Please contact Randy S. Burdette, Riverbend USA broker, for terms and conditions. Information is derived from sources believed to be correct but is not guaranteed. It is the responsibility of the buyer and/or the buyer’s agent to determine the accuracy of all measurements, specifications, conditions of this property. All property is subject to sale prior to action. The auction company is not responsible for mishaps that could happen with Internet bidding such as Internet being down or phone service not functioning and unavailable during the bidding time scheduled to sell this property. In the event of any legal proceedings the exclusive and sole venue shall be held in Greenbrier County West Virginia. Randy S. Burdette, CAI 927 Auctioneer/ Broker AUCTION PROPERTY #4 216 DONALD AVE, HILLDALE WV - REAL ESTATE TERMS This is an ABSOLUTE AUCTION to the highest bidder! A sample purchase agreement will be posted under documents. Ernest Money Deposit due upon the fall of the hammer is $2500.00 to be paid in verifiable funds upon the fall of the hammer. Acceptable deposits in US funds include good check, cashier’s check, wire transfer (call for wiring instructions) and cash. A 11% Buyers Premium will be charged to the buyer of this property, and added to the final auction block bid to become part of the total contract sales price. The property will convey free and clear of any liens or back taxes. The current year’s taxes will be prorated at closing. The property will convey by a Special Warranty Deed. Closing is to occur within 30-45 from the close of the auction. Time is of the essence with this transaction. The property is being sold 'AS IS, WHERE IS". Default: By the Seller. Should the Seller not be able to convey the property free and clear of liens or back taxes, the Buyer will be refunded their deposit. This shall be the sole remedy for the buyer. Default: By the Buyer. Should the Buyer not close for any reason with the Seller being able to produce free and clear title the Buyer shall forfeit to the Seller the entire deposit earnest money. The Seller also reserves the right to seek damages from the Buyer. The Buyer will be responsible for paying ALL Closing costs associated with this transaction, regardless of what the local custom may be. The Buyer's closing fees include the new deed preparation charge, document recording tax stamps, attorney closing fees, title inspection, recording fees, title insurance, insurance, etc. Notice of Agency: The Auctioneer/Broker is acting as an agent for the Seller in this Transaction. The auction company is not responsible for mishaps that could happen with Internet bidding such as Internet being down or phone service not functioning and unavailable during the bidding time scheduled to sell this property. In the event of any legal proceedings the exclusive and sole venue shall be held in Greenbrier County West Virginia.