Locke Online Only Real Estate Auction

by Aumann Auctions, Inc.

When

September 10, 2018

Where

Nokomis Properties 401 MONROE STREET, 421 EAST UNION STREET, 215 NORTH MAPLE STREET Nokomis, IL

How

Online Only

Notes

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REAL ESTATE AUCTION

ONLINE ONLY

MONDAY, SEPTEMBER 10, 2018, ENDING AT 7:00 P.M.

215 NORTH MAPLE STREET, NOKOMIS IL 62075

1370 square feet house with 3 bedrooms, 1 bathroom, kitchen w/nice cabinets, stove, and refrigerator; living room and dining area.Nearly new gas furnace, central air, and ceiling fans.  House is insulated with new windows.  

LOT SIZE:2 lots 100’x140’

PROPERTY PARCEL I.D. #:  08-23-109-008

LEGAL:Lots 2 & 3, Blk. 12, Nokomis

TAXES:$596

TERMS:$1000 earnest money, remaining balance due at closing

6% BUYER’S PREMIUM

NO BUYER CONTINGENCIES

OPEN HOUSES:  Saturday, August 25, 10:00 A.M.-12:00 Noon

                              Tuesday, September 4, 4:00-6:00 P.M.

MONDAY, SEPTEMBER 10, 2018, ENDING AT 7:15 P.M.

421 EAST UNION STREET, NOKOMIS IL 62075

1100 square feet house with 2 or 3 bedrooms, 1 bathroom, kitchen w/nice cabinets, stove, and refrigerator; living room, and laundry room.  Full basement w/sump pump, ceiling fans, new roof (2017), nearly all new windows, central air and gas forced air furnace.  1 car detached garage.

LOT SIZE:  69’x150’

PROPERTY PARCEL I.D. #:  08-23-133-014

LEGAL:  69’x150’ South side E-end PC Huggins & Trustees

TAXES:  $383

TERMS:  $1000 earnest money, remaining balance due at closing

6% BUYER’S PREMIUM

NO BUYER CONTINGENCIES

OPEN HOUSES:  Saturday, August 25, 10:00 A.M.-12:00 Noon

                              Tuesday, September 4, 4:00-6:00 P.M.

MONDAY, SEPTEMBER 10, 2018, ENDING AT 7:30 P.M.

401 MONROE STREET, NOKOMIS IL 62075

1120 square feet, 1 ½ story house with 3 bedrooms, 2 bathrooms, kitchen w/nice cabinets, stove, and refrigerator; dining room, living room, and laundry room.  Ceiling fans, central air, and gas forced furnace.  Nearly new roof.  Attached 1 car garage.  

LOT SIZE:  50’x170’

PROPERTY PARCEL I.D. #:  08-15-454-010

LEGAL:  Lot 1, Blk. 1, North School Addition

TAXES:  $214.66

TERMS:  $1000 earnest money, remaining balance due at closing

6% BUYER’S PREMIUM

NO BUYER CONTINGENCIES

OPEN HOUSES:  Saturday, August 25, 10:00 A.M.-12:00 Noon

        Tuesday, September 4, 4:00-6:00 P.M.

NOTE:  All 3 houses are rented.  All 3 houses appear to be in good condition.

Sellers:  Steve Locke & Louise Locke                                                         Nelson Aumann, Auction Manager

PLEASE READ AND REVIEW THE REAL ESTATE TERMS THOROUGHLY
PRIOR TO BIDDING ON ANY PROPERTY
IF YOU HAVE NOT READ AND UNDERSTAND THESE TERMS - DO NOT BID
BY BIDDING ON THE PROPERTY, BUYER AGREES TO ALL TERMS AND CONDITIONS SET FORTH AND ENTERS INTO A CONTRACTUAL AGREEMENT TO PURCHASE THE PROPERTY UNDER THE FOLLOWING TERMS AND CONDITIONS:

• UPON CONCLUSION OF THE AUCTION: The Winning Bidder will be required to fully and correctly complete and properly sign the Real Estate contract without any modifications and pay the specified non-refundable earnest money deposit as stated in the property description. This non-refundable earnest money deposit will be held in escrow until closing and that amount will then be credited to the Buyer as part of the purchase price of the property. Successful bidder not executing the contract providing the earnest money deposit after the auction will be considered in default. Such default by the Successful Bidder will result in that Bidder’s liability to both the Seller and Aumann Auctions, Inc. Seller shall have the right to (a) declare this contractual agreement cancelled and recover full damage for its breach, (b) to elect to affirm this contractual agreement and enforce its specific performance or (c) Seller can resell the property either publicly or privately with Aumann Auctions, Inc. and in such an event, the Buyer shall be liable for payment of any deficiency realized from the second sale plus all costs, including, but not limited to the holding costs of the property, the expenses of both sales, legal and incidental damages of both the Seller and Aumann Auctions, Inc. In addition, Aumann Auctions, Inc. also reserves the right to recover any damages separately from the breach of the Buyer.

Both the Successful Bidder and Seller shall indemnify Aumann Auctions, Inc. for and hold harmless Aumann Auctions, Inc. from any costs, losses, liabilities, or expenses, including attorney fees resulting from Aumann Auctions, Inc. being named as a party to any legal action resulting from either Bidders or Sellers failure to fulfill any obligations and undertakings as set forth in this contractual agreement.

• BUYER’S PREMIUM: A 6% Buyer’s Premium will be added to the winning bid to determine the total purchase price of the property.
• DATE OF CLOSING: The closing will take place within 30 days from the date of the auction and as specified in the Contract for Sale of Real Estate. All taxes will be prorated to the day of closing.
• NO CONTINGENCIES: This Real Estate contract is not contingent on or subject to Buyers financing, appraisal, survey or inspections of any kind or any other contingencies as agreed to by bidders at registration prior to bidding.
• TITLE: Buyer is entitled to and the Seller will provide clear, insurable title for property upon full payment.
• ZONING AND EASEMENTS: Property is being sold subject to any and all easements of record. Property is subject to all state and local zoning ordinances.
• AERIAL PHOTOS, IMAGES AND DRAWINGS: are for illustration purposes only and not surveyed boundary lines unless specified.
• AGENCY: Aumann Auctions, Inc. is the Agent and Representative of the Seller.
• CONDITION OF PROPERTY: Property is sold 'AS IS, WHERE IS' condition. Aumann Auctions, Inc, the Sellers nor their representatives, agents, or employees make express or implied warranties or representations of any kind. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property prior to bidding on the subject property. All information presented in the brochure, website, and all other mediums is subject to verification by all parties relying on it. All sketches and dimensions are approximate. No liability for its accuracy, errors, or omissions is assumed by the Seller, Aumann Auctions, Inc. or their Agents or Representatives. Buyer and or
Bidder agrees to hold harmless and indemnify Aumann Auctions, Inc. and their Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.
• DISCLAIMER: All information included herein was derived from sources believed to be correct, but is not guaranteed. NEW DATA, CORRECTIONS, and CHANGES: Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information.
• DISPUTES: Any dispute between Aumann Auctions, Inc or the Sellers or their Agents or Representatives and the Buyer(s) will be (a) arbitrated in Montgomery County, IL or (b) tried in a court of jurisdiction in Montgomery County, Illinois at the discretion of both the Seller and Aumann Auctions, Inc.
• CONDUCT OF THE AUCTION: Conduct of the auction and increments of bidding are at the direction and discretion of Aumann Auctions, Inc. Aumann Auctions, Inc. reserves the right to reject any and all bids for any reason and also reserves the right to cancel this auction, or remove any item or lot from this auction prior to the close of bidding. All decisions of Aumann Auctions are final.

YOUR BID ON THIS AUCTION INDICATES BOTH AN UNDERSTANDING AND AN ACCEPTANCE OF THE TERMS OF THIS CONTRACTUAL AGREEMENT BETWEEN YOURSELF AND BOTH THE SELLER AND AUMANN AUCTIONS, INC. AND THAT YOU, AS THE BIDDER, ARE PREPARED TO PURCHASE THE PROPERTY UNDER THE TERMS AND CONDITIONS OF THIS AUCTION.

Conducted By

Aumann Auctions, Inc.

1-888-282-8648

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