TERMS:

5530 S Harmony Rd, Bloomington, Indiana 47403

Monroe County –Richland Township

TRACT 1: PT SW 1/4 Sec 28, T8N, R2W - 36.63 acres

TRACT 2: PT SW 1/4 Sec 28, T8N, R2 W - 3.31 acres

• The property will be offered for sale via a Public Online - Internet Bidding Pla=orm

• The property will be offered as two independent tracts:

o Tract 1: 36.63 acre building site with mix of pasture and woods

o Tract 2: House, garage, detached garage/shop on 3.187 +/- acres

• All bids / offers must be entered prior to Thursday, November 2, 2023 – 6:00pm EST

• To be approved as a bidder a signed copy of the terms and condiRons along with a

signed bidder’s cerRficaRon must be received and approved by the aucRon office.

• Financing is not a ConRngency; bidders must be prepared to pay cash at closing.

• This property will be sold subject to seller’s approval, sells with an un-disclosed reserve.

• Property sells As-Is with no warranRes expressed or implied. Bidders may perform their

independent inspecRons prior to bidding.

• This property is Subject to prior sale (the property can be purchased prior to end of

aucRon).

• The seller reserves the right to cancel the aucRon at any Rme prior to the final bid

closing

• An 11% buyer’s premium will be added to the final bid and charged to the buyer at

closing, the final bid plus the 11% buyer’s premium will establish the final sales price.

• Any pre-aucRon offers must be made & presented to LisRng Broker based on these

Bidding Rules (Terms & CondiRons).

• Down Payment:

o Tract 1: A “Down Payment” of $10,000 for land must be paid by the successful

bidder by direct wire transfer within 24 hours of acceptance of the purchase

agreement. The down payment will be deposited with John Bethell Title

Company.

o Tract 2: A “Down Payment” of $5,000 for house must be paid by the successful

bidder by direct wire transfer within 24 hours of acceptance of the purchase

agreement. The down payment will be deposited with John Bethell Title

Company.

• Upon the acceptance of the purchase agreement between the buyer and the seller, the

down payment deposit will be non-refundable; your bidding is not condiRonal upon

financing, so be sure you are prepared to pay cash at closing or have arranged your

financing prior to bidding. The balance of the purchase price including the buyer’s

premium will be due via a wire transfer to the closing company, on delivery of insurable

Rtle on or before December 8, 2023.

• The seller agrees to furnish buyer with an owner’s policy of Title Insurance at closing.

Preliminary Rtle search provided in “Bidder’s Info Packet”.

• Real Estate Taxes will be prorated to the day of closing.

• Closing shall take place at the office of: John Bethell Title Company, 2626 S. Walnut

Street Bloomington, IN 47401.

• Closing transacRon fee will be paid by the buyer.

• Closing will be on or before December 8, 2023 Real Estate closing transacRon fee of

$250.00 will be charged to the buyer at closing..

• Possession will be granted day of final closing

• Successful Bidder shall execute electronically a “Real Estate Purchase Agreement” for

the property immediately ajer being declared Successful Bidder.

• United Country Real Estate and their representaRves are exclusive agents of the Seller.

• All announcements made up to the final close of the bidding take precedence over all

adverRsing, oral or printed material.

• Preview dates & Rmes:

o October 9th @ 6 pm

o October 15th @ 2 pm

o October 29th @ 2 pm

DOCUMENTS: