TERMS AND CONDITIONS OF SALE 

REAL PROPERTY LOCATED AT  

BROWN ROAD, TOWN OF CONEWANGO, COUNTY OF CATTARAUGUS, STATE OF NEW YORK  

IDENTIFIED AS TAX PARCEL: SECTION 69.002 BLOCK 1 LOT 11 

WILL BE OFFERED FOR SALE AT ONLINE PUBLIC AUCTION 

ON SATURDAY, OCTOBER 10, 2020. BIDDING TO BEGIN TO CLOSE AT 1 PM 

The auction will be held as an ONLINE ONLY AUCTION. 

Preview by Appointment 

Auction Parcel: (All measurements & acreage is approximate) 

All of tax parcel 69.002-1-11:  Approximately 40 acres of wooded undeveloped land located at the end of Brown road with Conewango River front access and surrounded by New York State Game Lands. 

(1.)  This property is being offered for sale “AS IS, WHERE IS”, with no guarantees or warranties of any sort, either actual or implied. This property is being sold as vacant Land no buildings. 

(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. If A land survey is required prior to closing and it is the responsibility of Purchaser to order and pay for it.   

(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.  

(4.)  The Reserve / Opening Bid is $32,000.00 and will be sold to highest bidder upon receiving opening bid.  

(5.)  The successful high bidders will immediately sign a Contract for Sale of Real Property and will place a deposit of $5,000 in the form of cash or good check with Peterson Auction & Realty LLC. to be held in their escrow account until closing. 

(6.)  The deposits will NOT be refunded if the sale is not completed due to the default of the Purchasers for any reason and therefore will be forfeited to the seller. 

(7.)  The deposits WILL be refunded in full to the Purchasers if the sale is not completed due to the default of the Seller for any reason. 

(8.)  The BALANCE will be due AT CLOSING, ON OR BEFORE November 18, 2020. POSSESSION will be granted at closing. 

 (9.)  The Seller shall furnish a CLEAR AND MARKETABLE TITLE 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’ oil, gas, mineral, & timber rights will be conveyed to the purchasers at time of closing. 

(10.)  CLOSING COSTS - The Seller will pay for the Title Search update. Purchaser’s will pay for Revenue Stamps, TP 584 Filing Fee, Deed Recording Fee, RP5217 Filing Fee, and any costs in obtaining financing. Each will pay own attorney fees. 

(11.)  ALL PROPERTY TAXES will be APPORTIONED and PRORATED as of the CLOSING DATE.   

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

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

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

SELLER: Estate of Rhea Clark 

ATTORNEY 

BROKER:      Michael W. Peterson, 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  

 PROPERTY DESCRIPTIONS 

Location: End of Brown Road, Randolph, New York 14772 

TAX PARCEL NUMBER:    Section 69.002  Block 1  Lot 11 

Tax Assessed Value: $4,000.00 

2020 Taxes:   

Total - $205.03 

County/Town: $ 141.10, School:  $ 63.91 

SCHOOL DISTRICT: Randolph