The following are the terms of sale that will govern the sale at Public Auction of the property located at 2833 State Road 135 South, Nashville, IN 47448 on Sunday, July 12, 2020. Any and all prospective Bidders are required to read these terms and conditions and acknowledge that they will be bound by them in this Public Auction. The property will be open for inspection and registration at 1PM, July 12th and auction will start at 3PM and continue until completed. Any and all questions MUST be asked prior to Bidding at this auction, once a Bid is accepted by the Seller, the Bidder will be bound by these Terms and Conditions of Sale, including all terms and conditions contained in documents provided. 1. To register as a Bidder at the auction: LIVE: Bidder will be required to present receptionist a cashier’s check in the amount of $10,000 as a Bidder’s Deposit to receive a Bidder’s Number. It is suggested that the check be made payable in the Bidder’s name. If the Bidder secures the winning bid he/she can endorse the check over to the Seller. If the Bidder does not win the Bid then the check will be returned to them and the Bidder can redeposit the cashier’s check into their bank account. Bidder when registering will be required to sign this Terms of Sale for this auction prior to Bidding. ONLINE: Bidder will be required to supply credit card information in order to bid at auction. If the online Bidder wins the bid, the Credit Card that was entered can be charged the $10,000 Bidder’s Deposit . The Bidder is responsible to ensuring that the Credit Card entered has a sufficient credit line to cover Bidder’s Deposit. If the Online Bidder does not win the bid then there will be no deposit charges. These Terms of Sale will be included in the Terms of Sale for the Auction posted online and must be accepted by Bidder when registering. 2. Earnest Money Deposit by Winning Bidder: Live: The Winning Bidder will be required to deposit with the Seller of the Property an Earnest Money Deposit in the amount of 10% of the total Selling Price of the property. Selling Price of the property is defined as Final Bid plus 10% Buyer’s Premium. As an example if the Final Bid is $225,000 then the Earnest Money Deposit for the property will be $225,000 plus $22,500 (10% Buyer’s Premium) for a total Selling Price of $247,500. Ten Percent of $247,500 is $24,750.00. Bidder may use the $10,000 Bidder’s Deposit and apply that towards the Earnest Money Deposit. The Earnest Money Deposit may be paid by Cash and Check. If the Earnest Money Deposit is paid by Check the Bidder must present a Bank Letter of Guarantee upon registration showing that the Bank will honor and guarantee the check up to and including the amount written to cover the Earnest Money Deposit. The Bank’s Letter of Guarantee MUST include the wording that the bank will “Honor and guarantee check up to “_______” number of dollars” (There is a link of a Sample Bank Letter of Guarantee listed under Lot #1 on the website, or you can send an E-mail to info@clofa.net). Online: The Winning Bidder will be required to deposit with the Seller of the Property an Earnest Money Deposit in the amount of 10% of the total Selling Price of the property. Selling Price of the property is defined as Final Bid plus 10% Buyer’s Premium. As an example, if the Final Bid is $225,000 then the Earnest Money Deposit for the property will be $225,000 plus $22,500 (10% Buyer’s Premium) for a total Selling Price of $247,500. Ten Percent of $247,500 is $24,750.00. The credit card entered by Bidder when registering for the auction may be charged for the full amount of the Earnest Money Deposit. It is the responsibility of the Bidder to ensure that the credit limit of the credit card is sufficient to cover Earnest Money Deposit. If a credit card is used a 3% processing fee will be charged. The Bidder may, at the discretion of the Seller, wire transfer funds to Seller to cover Earnest Money Deposit (if funds are wire transferred the credit card processing fee is waived). Arrangements for a wire transfer should be made with Seller prior to bidding at auction. In all cases wire transfer MUST be completed within 1 business day after auction. 3. Purchase Agreement: Winning Bidder will be required to sign Real Estate Purchase Agreement Purchase at Public Auction immediately after conclusion of auction. Winning Online Bidder, will be bound by the Terms of Sale Online Bidder accepted when registering for auction. After closing of auction, Winning Online Bidder will be emailed a completed Real Estate Purchase Agreement Purchase at Public Auction which the Winning Bidder will sign, scan and return to Seller. 4. Default by Winning Bidder or Winning Online Bidder on Purchase Agreement: Should Winning Bidder/ Online Winning Bidder not close the purchase of this property Winning Bidder/ Online Winning Bidder will forfeit entire Earnest Money Deposit to Seller. Seller shall also have the right of Specific Performance. Should Winning Bidder/ Online Winning Bidder not close the purchase of this real estate, if for any reason other than failure of Seller to perform any of Seller’s Responsibilities and Duties outlined in the Purchase Agreement Purchase at Public Auction, Seller shall be entitled to Any and All expenses, costs, fees, court costs and attorney’s fees incurred by Seller in pursuing Specific Performance or in remarketing subject property for re-sale. 5. Property Information provided to Purchaser: The following information has been provided to the Registered Bidder’s: a. Certified Appraisal of property located at 2833 State Road 135 South, Nashville, IN 47448. Prepared on May 27, 2020 by Scott Terrell , Appraisal Express, LLC, licensed Indiana Appraiser. b. Certified Home Inspection Report for the property located at 2833 State Road 135 South, Nashville, IN 47448. Prepared by Marcus Smith, Accurate Home Inspections, a licensed Indiana Home inspection company and completed on June 8, 2020 c. Copy of preliminary ALTA Commitment of Title Insurance prepared by First American Title Insurance Company on May 27, 2020. d. Copy of Indiana Seller’s Residential Real Estate Sales Disclosure dated June 8, 2020 for 2833 State Road 135 South, Nashville, IN 47448. e. Copy of listing of new improvements and additions completed at the property located at 2833 State Road 135 South, Nashville, IN 47448. f. Copy of Real Estate Purchase Agreement Purchase at Public Auction for property located at 2833 State Road 135 South, Nashville, IN 47448. g. Repairs completed post home inspection and prior to Public Auction, 2833 State Road 135 South, Nashville, IN 47448 h. Terms of Sale governing sale of subject property, 2833 State Road 135 South, Nashville, IN 47448 By registering Online, you acknowledge receipt and acceptance of Terms of Sale for property located at 2833 State Road 135 South, Nashville, IN 47448.

Real Estate: 2833 State Road 135 S, Nashville IN 47448: SELLING LIVE & ONLINE, SUNDAY, JULY 12 at 3:00 PM!! Doors open at 1PM for registration, inspection and Q & A's. 

CLICK ON LOT #1 to find the BIDDER INFORMATION LINKS about the PROPERTY and AUCTION. The links are directly below the picture when you open Lot 1. Email INFO@CLOFA.NET for Information about this Fantastic Property!!

 

This spectacular 2400 square foot, 4 bedroom, 2.5 bath Executive Home is located on 4.7 acres on beautiful State Road 135 South in Nashville, Indiana. This home includes a 2 story ,1000 square foot "Artists Studio" with full bath, Heat and AC, open ground floor, finished loft w/ huge amounts of closet space. Also, the home has a 500 square foot storage shed and a 200 square foot storage barn. This home has been completely remodeled and upgraded. Rooms include massive master bedroom suite w/ supreme grey porcelain tiled walls, floors and glass mosaic, European Spa Walk in Shower, American Standard VorMax Toilet, new vanity, mirrors and fixtures, walkin in closet. Also, fully remodeled 2nd full bath beautiful porcelain tile and glass mosaic, vanity w/ granite top, American Standard VorMax Toilet and new fixtures. All four bedrooms have large closets and are newly padded and carpeted. Large hallway closet. On the ground level there is an especially inviting large family room with lovely brown county stone fireplace flanked by floor to ceiling bookcases and wet bar with granite topped stainless steel sink, undercounter illuminated glass front wine cooler and overhead wine rack. A large living room w/ stained glass pocket doors, huge entertainment/bonus room, wonderful library/in-home office w/ built in floor to ceiling bookcases. Ground floor has gorgeous beech laminate flooring w/ new light grey wood grained porcelain tile throughout entry, in front of kitchen Peninsula Island and throughout kitchen. All new designer West Point Grey Kitchen cabinets, with Premium full 1 ¼? Granite counter tops. New Stainless Steel Front Whirlpool French Style Refrigerator, Whirlpool Dishwasher and Frigidaire smooth top electric range, S.S. Exhaust Hood and Stainless Steel Two Bowl Sink, new garbage disposal, w/ Pull out High Reach Brushed Nickel Faucet. Ground Floor Half Bath has been completely upgraded w/ grey porcelain floor and wall tile and glass mosaic, new cabinet, granite top, American Standard Vormax Toilet and designer brushed nickel faucet. Offers to purchase this property will be accepted prior to auction. Check back for additional information including current certified appraisal, property inspection by licensed inspection company, survey, full listing of improvements completed, purchase agreement, open houses and tour availability, and terms and conditions of sale. Do not miss this rare opportunity to purchase a wonderful home in Brown County Indiana at public auction prices.