THIS IS A COMPLETED SALE
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View current listings by this company
20200627- Pine Grove Real Estate
Previous Page Listing ID#: 205402
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Auction Location |
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Pine Grove, PA 17963 |
Auction Dates and Times |
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Saturday Jun 27, 2020 Completed |
Auction Type |
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Company Information |
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Auction Time Bid Board Website: auctiontimebidboard.com GoToAuction.com ID#: 6512 View company information and listings |
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Listing Terms and Conditions |
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TERMS AND CONDITIONS OF SALE
The terms and conditions of the sale of certain real estate owned by Blaschak Coal Corp., successor by merger to Franklin Coal Sales, Inc. consisting of following 3 Tax parcels:
Consisting of 26 acres, Tax ID 21-5-2 Address: 199 Spruce Drive, Pine Grove, PA
Consisting of 8.9 acres, Tax ID 21-5-6(1) Address: Spittler Road E Side T-874, Pine Grove, PA
Consisting of 4.9 acres, Tax ID 21-5-6(2) Address: Spruce Drive w of T874, Pine Grove, PA
(Hereinafter called Premises) by public auction this June 27, 2020 are as follows to wit:
The Premises are being exposed to public auction by Auction Time Bid Board, Realtor and Auctioneer for Blaschak Coal Corp., successor by merger to Franklin Coal Sales Inc. (hereinafter called "Seller").
The auctioneer may recess the auction and may use discretion with respect to the minimum amounts at which the bidding may advance.
The Seller reserves the right to reject any and all bids and withdraw the Premises from auction. Otherwise the highest approved bidder shall be the "Purchaser", and the highest bid will be the "Purchase Price"
Immediately after the auction and at the place of the auction, the Purchaser shall pay to the Seller a deposit of ten percent either in cash or good personal check to be held in escrow by Auction Time Bid Board.
The balance of the purchase money shall be paid at the time of final settlement which shall take place within 45 days of sale.
Possession is to be given on the day of settlement, and time is hereby agreed to be of the essence under this agreement.
At settlement, the SELLER shall execute and deliver to the PURCHASER a special warranty deed conveying a good and marketable title, free and clear of all liens, easements and encumbrances, except any existing easements and restrictions in the chain of title or visible upon inspection and/or any matters which would be disclosed by an accurate survey and description of Premises
PURCHASER shall notify SELLER of any defect in the title to the Premises, making such title unmarketable; at least twenty-one (21) days prior to settlement and SELLER shall have the right and option to cure such defect prior to settlement. PURCHASER'S failure to so notify SELLER shall result in PURCHASER being deemed to have accepted title "as is", the same as if title was good and marketable.
In the event that SELLER at settlement is unable to give title as aforesaid, PURCHASER shall have the option of either taking such title as the SELLER can give without abatement of price, or being repaid all monies paid by PURCHASER on account of the Purchase Price; and in the latter event, there shall be no further liability or obligation on either of the parties hereto and the Agreement shall become null and void and all copies hereof will be returned to SELLER for cancellation.
All state and local realty transfer taxes will be paid by the PURCHASER.
All real estate taxes shall be apportioned on the fiscal year basis between the SELLER and the PURCHASER as of the date of final settlement.
PURCHASER without any reimbursement from SELLER, shall pay the cost of any survey, and all settlement costs and accruals normally payable by a PURCHASER of real estate without any reimbursement from SELLER.
It is understood that PURCHASER has inspected the Premises or, if it has not done so, waives the right to do so, and agrees to purchase it as a result of such inspection, or, despite such waiver, and not because of it, or in reliance upon, any representation or warranty made by the SELLER or by any agent of the SELLER as to the condition of the Premises and PURCHASER agrees to purchase the Premises "as is".
To the best of the SELLER'S knowledge, the Premises are zoned I2 and there are community water and sewer connections.
Immediately after the auction and at the place of the auction, PURCHASER shall sign a letter to the SELLER accepting the property in "as is" condition. This letter is for the sole purpose of obtaining bond release from DEP on the existing mining permit so that the permit can be closed out by DEP. The letter shall be held by Auction Time Bid Board and be presented to SELLER upon settlement.
The risk of loss as a result of fire and other casualty shall be Seller's responsibility until midnight on the date of settlement.
If PURCHASER defaults under this Agreement, the deposit money shall, at the sole option of SELLER, be forfeited as liquidated damages for PURCHASER'S non-fulfillment of the Agreement, in which event, this Agreement shall become null and void.
The execution of the Agreement shall represent SELLER'S acceptance of PURCHASER'S bid and the Agreement shall constitute an Agreement of Sale.
This Agreement shall be binding upon and inure to the benefit of the parties hereto, their heirs, executors, administrators, legal representatives, successor, and assigns. Notwithstanding the foregoing, the rights and benefits hereof are not assignable by PURCHASER.
It is understood that the Agreement contains the whole agreement between SELLER and PURCHASER and there are no other terms, obligations, covenants, representations, statements, or conditions, oral or otherwise, of any kind whatsoever concerning this sale. Furthermore, this Agreement shall not be altered, amended, changed, or modified except in a writing executed by the parties hereto.
COAL NOTICE: THIS DOCUMENT MAY NOT SELL, TRANSFER, INCLUDE OR INSURE THE TITLE TO THE COAL AND RIGHT OF SUPPORT UNDERNEATH THE SURFACE LAND DESCRIBED OR REFERRED TO HEREIN, AND THE OWNER OR OWNERS OF SUCH COAL MAY HAVE THE COMPLETE LEGAL RIGHT TO REMOVE ALL SUCH COAL AND IN THAT CONNECTION, DAMAGE MAY RESULT TO THE SURFACE OF THE LAND AND ANY HOUSE, BUILDING OR OTHER STRUCTURE IN OR IN SUCH LAND. (This notice is set forth in the manner provided in Section 1 of the Act of July 17, 1957, p.l. 684.)
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Listing Information |
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Real Estate Auction
199 Spruce Drive Pine Grove, PA
OFFICE BUILDING AND COMMERCIAL GARAGE on 3 Parcels
June 27, 2020 @ 1PM
Property consists of:
office building (approx 1000 sq ft)
3 bay garage (approx 3200 sq ft) on 26 acres located at 199 Spruce Drive,
4.9 acres located on Spruce Drive
8.9 acres located on Spittler Road.
Open House:
Thursday June 4th, 5-7 PM
Sunday, June 14th, 12-2 PM
Or by appointment
For photos, videos, terms and conditions, or to schedule an appointment for viewing
visit us at www.auctiontimebidboard.com
1 Pine Grove Real Estate 39 Acres Zoned I2 199 Spruce Drive Pine Grove, PA OFFICE BUILDING AND COMMERCIAL GARAGE on 3 Parcels June 27, 2020 @ 1PM Property consists of: office building (approx 1000 sq ft) 3 bay garage (approx 3200 sq ft) on 26 acres located at 199 Spruce Drive, 4.9 acres ... |
Auction License: Au005754 |
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