Real Estate & Personal Property

ESTATE AUCTION

 Sat. June 5th, 2010 @ 2:00 pm

507 E. Lincoln St. / Paris, IL

Selling for the estate of Francis & Elsie Laughlin

Selling property located at 504-508 East Lincoln St., 3 lots with 51’ x 63’ building, surrounded by chain link fence, edge of Paris, bordering a field

Legal Description: Lots 167, 168 & 169 W S O’Hair Add.

Parcel Number: 09-18-12-262-002

Real Estate Taxes:  $148.66

Lot Size: 1.07acres

Building Size:  Approximately 51’x63’

Real Estate Terms: The Buyer is required to pay $2,000.00 down, of the contract price, day of sale. Balance due at closing within 30 days.  Real estate taxes will be pro-rated to day of closing.  Merchantable title will be furnished.  All information contained in this brochure was gathered from reliable sources but is not guaranteed.  Property sold in its existing condition with no warranty of any nature expressed or implied.  Please make your inspections before day of auction and you must have your financing arranged before day of auction.  Announcements made immediately preceding this auction take precedence over information received from this or any other source. Auctioneers are acting as agents for the seller.

Note: This home was built before 1978 and all prospective buyers have 10 days prior to auction for inspection of lead based paint and buyer must sign a waiver day of auction.

Contact Auctioneers for any questions or private showing

Furniture: power lift chair, sofa, radio/record console, end tables, East Lake side table, knee hole desk, (2) dinettes, (3) curios, twin bed, (2) full size beds, (2) corner cabinets, (3) chest of drawers, antique lamp table, (2) microwave carts, large wooden shelving unit, (2) wooden rockers

Appliances:  white Frigidaire washer and electric dryer, color TVs, CD players, small appliances, refrigerator

Collectibles:  325+ modern cookie jars-all shapes and sizes, figural, floral, sports, animals, Elvis, Babe Ruth, much more, 50+ modern tea pots, large salt & pepper collection, large collection of small-size figurines, WWII items, lots Avon jewelry, costume jewelry, glassware, metal patio furniture

Household:  many usable household items

Tools:  hand tools, electric tools, old lanterns, long handled tools, air compressor, tool  boxes, 2 ton hydraulic/air bumper lift, transmission jack, work benches, small wood lathe, Craftsman table saw, wheel barrows, antique walk behind plow, nuts, bolts, screws

Lawn & Garden:  Wheel Horse riding lawn mower, (2) Big Mow riding lawn mowers, tiller, David Bradley tractor with sickle bar, other David Bradley parts, (2) fence row mowers-1 Tough Cut 22, push mowers

Vehicles: 1987 Olds Cutlass station wagon, 1965 GMC truck

Small list of items, Frances has lived at this location for over 40 years.  We are still sorting.  Something for everyone.

Selling of the Estate of Francis & Elsie Laughlin

Mary Baker, Exe

Craig Smith  217-465-6444 - Asher, Smith & Isaf Attorneys at Law

REAL ESTATE AUCTION TERMS & CONDITIONS

1.             Personal checks, with satisfactory identification, are acceptable for the down payment day of sale.

2.             The winning bidder, immediately following his becoming the winning bidder, shall complete a purchase agreement, and shall deposit the amount announced for this particular property with the Auctioneer.  All deposits will be held in the Auctioneers escrow account until closing, at which time it will become a part of the purchase price.  The balance of the purchase price shall be paid at time of closing.  This deposit is non-refundable except for non-performance by the seller.

3.             Buyers will receive an abstract of title or title insurance policy showing titles to be good and marketable.

4.             Closing will be on or before 30 days after auction at a time and place designated by the sellers.

5.             All dimensions of properties given prior to (and at) this auction are to be considered approximate.

6.             All property is being sold “AS IS” in every way.  All information given is from sources believed correct, but is not guaranteed.  Buyers shall rely entirely on the OWN information, judgment and inspection of property and records.

7.             The Auctioneer will clearly announce the tract before it is to be sold…but the BIDDER is solely responsible for knowing which property they are bidding on.  If you are unsure you should inquire or not bid.

8.             BIDDING WILL BE FAST.  The Auctioneer may not warn you when he going to say sold.  Many excellent buys have been missed because the bidder thought he would wait a few more seconds more to “see what happens.”  Many bidders prefer to have private bidding arrangements prior to the auction.  You may do so by seeing the Auctioneer or a ring man before the auction begins.  When you wish to bid DURING the auction, merely hold up your hand to the Auctioneer or a ring man.

9.             When you become the winning bidder of the property, hold up your bidder’s number for us to record.  As a winning bidder, you will have affected a legally binding contract embodying all the terms and conditions herein.

10.           The Auctioneer reserves the right to accept bids in any increment he feels is in the best interest of his client, the seller.

11.           The Auctioneer reserves the right to reject the bidding of any person whose conduct, actions or adverse comments he feels are not in the best interest of his client, the seller.

12.           The Auctioneer reserves the right to call a recess at any time during the auction for the purpose of privately talking to the bidder or bidders or the seller.

13.           When the winning bidder of each property is determined, a BACK-UP bidder (person who made the last bid before the winning bid) will be recorded.  Therefore, if the winning bidder for any reason fails to close, the sale (at the discretion of the seller) will revert to the backup bidder at his last bid amount.

14.           In the event of a TIE BID (two people each believe they were the winning bidder) the Auctioneer will re-open the bidding between those two people only. First giving the person the AUCTIONEER did NOT see, a chance to raise the bid; then allowing the other person to raise that bid, etc.

15.           All announcements from the Auction Block shall take precedence over any previous advertising or statements.

16.           A tape recording is being made of this auction for future reference.

17.           William Beck Auction & Realty is acting as an agent for the seller. 

  HALLS AUCTION COMPANY

Scott Hall-Auctioneer - IL #441000469 Paris, IL

Bill Beck-Auctioneer - IL #440000025 Edinburg, IL

Ph. 217-463-HALL (4255) OR 217-213-7010 (cell)

e-mail: info@hallsauctioncompany.com