Real Estate Auction · 2020-07-20 · real estate auction unlimited possibilities! cozy log home...

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Real Estate Auction UNLIMITED POSSIBILITIES! COZY LOG HOME W/GARAGE & 14X17 CABIN FOR EXTRA LIVING OR RENTAL SPACE! ZONED CR! CLOSE TO PENN STATE MONT ALTO WEDNESDAY, AUGUST 12, 2020 @ 3:00 PM 319 PARK STREET MONT ALTO, PA 17237 Open House(s): August 1, 2020 @ 1:00 - 2:00 pm - By Appointment August 8, 2020 @ 1:00 - 2:00 pm - By Appointment

Transcript of Real Estate Auction · 2020-07-20 · real estate auction unlimited possibilities! cozy log home...

Page 1: Real Estate Auction · 2020-07-20 · real estate auction unlimited possibilities! cozy log home w/garage & 14x17 cabin for extra living or rental space! zoned cr! close to penn state

Real Estate AuctionUNLIMITED POSSIBILITIES! COZY LOG HOME W/GARAGE

& 14X17 CABIN FOR EXTRA LIVING OR RENTAL SPACE!ZONED CR! CLOSE TO PENN STATE MONT ALTO

WEDNESDAY, AUGUST 12, 2020 @ 3:00 PM

319 PARK STREETMONT ALTO, PA 17237

Open House(s):August 1, 2020 @ 1:00 - 2:00 pm - By AppointmentAugust 8, 2020 @ 1:00 - 2:00 pm - By Appointment

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Page 3: Real Estate Auction · 2020-07-20 · real estate auction unlimited possibilities! cozy log home w/garage & 14x17 cabin for extra living or rental space! zoned cr! close to penn state

July 1, 2020

Dear Prospective Buyer,

Hurley Auctions is pleased to have been chosen to offer you this property. Please take this opportunity toinspect the property today. For your convenience, I've enclosed the following information:

General InformationDeedAerial ViewTax CardLead Based Paint DisclosureSeller's Property Disclosure Conditions of Public SaleHow to Buy Real Estate at Auction Methods of PaymentFinancing Available

If you have any questions after reviewing this report, please don't hesitate to call me at any time. We arelooking forward to seeing you at the Auction on Wednesday, August 12, 2020 @ 3:00 pm.

Sincerely,

Matthew S. HurleyAuctioneer and Appraiser

DISCLAIMER & ABSENCE OF WARRANTIESAll information contained in this brochure & all related materials are subject to the terms & conditions outlined in the purchaseagreement. Information contained in advertisements, information packet, estimated acreages, and marked boundaries are basedupon the best information available to Hurley Auctions at the time of preparation & may not depict exact information on theproperty. Each potential buyer is responsible for conducting his/her own independent inspection, investigations, andinquiries concerning the real estate. The information contained in this brochure is subject to verification by all partiesrelying on it. No liability for its accuracy, errors or omissions is assumed by seller or the Auction Company.

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Terms: $5,000 in certified funds day of auction. Balance due in 45 days of sale. (See Payment & Financing page for detailed info.) Announcements made on the day of sale take precedence over all printed material. (See Payment & Financing page for detailed info.)

Closing Location: As agreed upon by the buyer and seller.

Buyer possession: Buyer will have immediate possession upon closing.

Showing Dates: Saturday, August 1 & 8, 2020: 1:00 PM – 2:00 PM

General Information: QUAINT, COZY LOG HOME, RENTAL CABIN & GARAGE ALL ON 1 PROPERTY! Log Home features 2 Bedrooms, 1 Bath, Living Room w/stone fireplace, Kitchen, Den, hardwood floors, central A/C & more! 2-Story 14x17 Cabin can be used as rental or additional living space- Zoned Commercial Residential! Complete w/detached 20x24 garage, playhouse, picnic area, & additional parking! Located on 0.24+-Acre lot 2 min. from Penn State Mont Alto campus & Michaux State Forest; Unlimited possibilities!

This home has the following features:

Master Bedroom (hardwood under carpet):11x11 main floor

Additional Bedroom (hardwood undercarpet): 12x8 main floor

1 Full Bath: main floor Living Room (hardwood under carpet):

19x16 w/wood burning fireplace & stonemantle

Kitchen (vinyl floor): 14x13; cook top, wallovens, microwave

Den/Office (hardwood under carpet):11x11

Covered Front Porch: 27x8 Covered Rear Porch w/ramp: 16x8 Attic: full, unfinished w/connecting stairs;

Attic Fan Unfinished Basement w/connecting stairs;

sump pump-4 separate rooms Laundry Chute

Detached 2 Car Garage w/pit & ladder:20x24

Paved Driveway Detached Log Cabin; 14x17-

o Bedroom-2nd levelo Full Bath w/showero Kitchen-Living/Dining Areao Front Porch-Coveredo Separate Utilities-water & electric

meter 2 Additional Parking Spaces in rear Covered pavilion sitting area in rear Metal storage shed Playhouse: 6x13 Yearly termite warranty agreement

w/Quality Pest Control-

Year House Built: Approximately 1941

Lot Size: Approximately 0.24+- acres; House: Approximately 1,086 square feet

Location: Mont Alto Boro, Mont Alto, Franklin County, PA

Zoning: Call Mont Alto Boro: 717-809-2210

Taxes: Approximately $1,455.00 - Tax ID: 16-4A46-3

General Information

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Utilities: Water: Public Sewer: Public Heat: Natural Gas Hot Water Radiators; Wood boiler in basement (inspection recommended-has not been used recently) Cooling: Central A/C

School District: Waynesboro Area School District

Local Hospital: Waynesboro Hospital, Waynesboro; Summit Health, Chambersburg; Meritus, Hagerstown

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Deed

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Aerial View

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Tax Card

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Lead Paint Disclosure

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Seller's Property Disclosure

1'~LL~.K'1' r.Kur~.K.l I .lJ.l1'l...LU1'lJ~ ".lA.l~ll'.l~l~ .l "ru This form recommended and approved for, but ?J restricted to use by, the members of the Pennsylvania Ass~tion of Realtors® (PAR).

PROPERTY 31 9 YfJrK s I [Y/ONJ /fL/O rn I ? .2 3 1 SELLER~~~~lV~i~J/~tff-'--f"Y"'l~-f~f~,___,f<_f~_·c='~(~~~~~~~~~~~~~~~~~~-

INFORMATION REGARDING THE REAL ESTATE SELLER DISCLOSURE LAW

Generally speaking, the Real Estate Seller Disclosure Law (68 P.S. §7301 et seq.) requires that before an agreement of sale is signed, the seller in a resideq.tial real estate transfer must make certain disclosures regarding the ~roperty to potential buyers in a form defined by the law. A residential real estate transfer is defined as a sale, exchange, installment sales contract, lease with an option to buy, grant or other transfer of an interest in real property where NOT LESS THAN ONE AND NOT MORE THAN FOUR RESIDENTIAL DWELLING UNITS are involved. The Law defines a number of exceptions where the disclosures do not have to be made:

1. Transfers that are the result of a court order. 2. Transfers to a mortgage lender that result from a buyer's default and subsequent foreclosure sales that result from default. 3. Transfers from a co-owner to one or more other co-owners. 4. Transfers made to a spouse or direct descendant. 5. Transfers between spouses that result from divorce, legal separation, or property settlement. 6. Transfers by a corporation, partnership or other association to its shareholders, partners or other equity owners as part of a plan of

liquidation. 7. Transfer of a property to be demolished or converted to non-residential use. 8. Transfer of unimproved real property. 9. Transfers by a fiduciary during the administration of a decedent estate, guardianship, conservatorship or trust. I 0. Transfers of new construction that has never been occupied when:

a. The buyer has received a one-year warranty covering the construction; b. The building has been inspected for compliance with the applicable building code or, if none, a nationally recognized model

building code; and c. A certificate of occupancy or a certificate of code compliance has been issued for the dwelling.

In addition to these exceptions, disclosures for condominiums and cooperatives are limited to the seller's particular unit(s). Disclosures regarding common areas or facilities are not required, as those elements are already addressed in the laws that govern the resale of condo­minium and cooperative interests.

While the Law requires certain disclosures, this statement includes disclosures beyond the basic requirements of the Law in an effort to assist sellers in complying with seller disclosure requirements and to assist buyers in evaluating the property being considered. Sellers who wish to see or use the basic disclosure form can find the form on the Web site of the Pennsylvania State Real Estate Commission.

This Statement discloses Seller's knowledge of the condition of the property as of the date signed by Seller and is not a substitute for any inspections or warranties that Buyer may wish to obtain. This Statement is not a warranty of any kind by Seller or a warranty or rep­resentation by any listing real estate broker, any selling real estate broker, or their licensees. Buyer is encouraged to address concerns about the condition of the property that may not be included in this Statement. This Statement does not relieve Seller of the obligation to disclose a material defect that may not be addressed on this form.

A material defect is a problem with a residential real property or any portion of it that would have a significant adverse impact on the value of the property or that involves an unreasonable risk to people on the property. The fact that a structural element, system or subsytem is at or beyond the end of the normal useful life of such a structural element, system or subsystem is not by itself a material defect.

Check yes, no, unknown (unk) or not applicable (N/A) for each question. Be sure to check N/A when a question does not apply to the property. Check unknown when the question does apply to the property but you are not sure of the answer.

Seller's Initials Date ~~- -~- ------ SPD Page 1 of 10

~ I Pennsylvania Association of REAL TORS'

Legacy Realty, Inc., 2800 Buchanan Trail East Greencastle, PA 17225 Phone: (717)597-9100 Fax: (717)597-9922 Matthew Hurley

Buyer's Initials ___ / ___ Date _____ _

COPYRIGHT PENNSYLVANIA ASSOCIATION OF REAL TORS® 2016 1116

Disclosure updated Produced with zlpForm® by zlploglx 18070 Fifteen Mlle Road, Fraser, Michigan 48026 www zloloolx com

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Seller's Property Disclosure

SELLER'S EXPERTISE A (A) Does Seller possess expertise in contracting, engineering, architecture, environmental assessment or

other areas related to the construction and conditions of the property and its improvements? Bc~=I~:illl (B) Is Seller the landlord for the property?

[ (C) Is Seller a real estate licensee? Explain any "yes" answers in Section 1: ------------------------­

..----.---.-----.--, 2. OWNERSIDP/OCCUP ANCY

I 2t--......-t-=~"""

3 1---~.,;-

4 1---1-".,+.-5 c .. _,..........., D

'----""'-'-..:......

(A) Occupancy - ri o 1. When wasl the property most recently occupied? SE' PI O< 0 IL 2. Was the Seller the most recent occupant? If "no," when did the Seller most recently occupy

the property?-------------------------------3. How many persons most recently occupied the property?

(B) Role of Individual Completing This Disclosure. Is the individual completing this form: 1. The owner 2. The executor 3. The administrator 4. The trustee 5. An individual holding power of attorney

(C) When was the property purchased? (D) Are you aware of any pets h · ng lived in the house o other structures during your ownership?

Explain section 2 (if needed): el/ er fftv e TS ~~-~~~ 3. CONDOMINIUMS/PLANNED COMMUNITIE /OTHER HOMEOWNERS ASSOCIATIONS

c

2 3

4 .... .-:.;..:...+-+-"'~ E .... ._....._..____,1-1-...._,

(A) Type. Is the Property part of a(n): 1. Condominium 2. Homeowners association or planned community 3. Cooperative 4. Other type of association or community ------....,-:==------.,--:-:=--=------=-==-=-=----:----:­

(B) If"yes," how much are the fees?$ , paid (0 Monthly)(0 Quarterly)(0 Yearly) (C) If "yes," are there any community services or systems that the association or community is

responsible for supporting or maintaining? Explain: ------------------

(D) If"yes," provide the following information about the association: I. Community Name -----------------------------2. Contact --------------------------------3. Mailing Address ---------------------------4. Telephone Number --------------------------­

(E) How much is the capital contribution/initiation fee? $ ---------~ Notice to Buyer: A buyer of a resale unit in a condominium, cooperative, or planned community must receive a copy of the declaration (other than the plats and plans), the by-laws, the rules or regulations, and a certificate of resale issued by the association in the condominium, cooperative, or planned community. Buyers may be responsible for capital contributions, initiation fees or similar one-time fees in addition to regular monthly maintenance fees. The buyer will have the option of canceling the agreement with the return of all deposit monies until the certificate has been provided to the buyer and for five days thereafter or until conveyance, whichever occurs first .

..----,---.-------..--, 4. ROOF AND ATTIC (A) Installation

I. When was the roof installed? ------------2. Do you have documentation (invoice, work order, warranty, etc.)?

(B) Repair I. Has the roof or any portion of it been replaced or repaired during your ownership? 2. If it has been replaced or repaired, was the existing roofing material removed?

(C) Issues l. Has the roof ever leaked during your ownership?

2 c=c~···· 2. Are you aware of any current/past problems with the roof, gutters, flashing or downspouts? Explain any "yes" answers in sectio 4, including the 19cation and extent of any problem(s),jlnd any rep~ or remediation efforts: e 00 ./- 1111 c! R le~,.( T J; e. It' n11 c_

the roo.J- wfls e on-; -N 1.s re

Seller's Initials I Buyer's Initials ___ / ___ Date ------Date ------ SPD Page 2 of 10

Produced with zipForm® by ziplogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www ziploqjx com Disclosure updated

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Seller's Property Disclosure

2

.---.---.-----.--. 5. BASEMENTS AND CRAWL SPACES (A) Sump Pump

I. Does the property have a sump pit? If yes, how many? -=--~'-.--------------2. Does the property have a sump pump? If yes, how many? -~------------3. If it has a sump pump, has it ever run? 4 If it has a sump pump, is the sump pump in working order?

(B) Water Infiltration I . Are you aware of any water leakage, accumulation, or dampness within the basement or

crawl space? I 2. Do you know of any repairs or other attempts to control any water or dampness problem in

the basement or crawl space? 3 .____,___,__,.__.____.______. 3. Are the downspouts or gutters connected to a public system? --------------

Explain any "yes" answers in this section, i eluding th location nd extent of any probJ~ (s) and. any repair or remediation efforts: ~ "' l.' UN~ CIHJSt: cl::.JH.Jtrl ch 1e.r H:.o!-e(

.--,--,----.--. 6. TERMITES/WOOD-DESTROYING INSECTS, DRYROT, PESTS T4 I I_ (A) Status

I. Are you aware of any termites/wood-destroying insects, dryrot, or pests affecting the property? 2. Are you aware of any damage caused by termites/wood-destroying insects, dryrot, or pests?

(B) Treatment I. Is your property currently under contract by a licensed pest control company? 2. Are you aware of any termite/pest control reports or treatments for the property?

Explain any "yes" answ~rs in se "on 6, including t}Je nam of any sc;.O'}ce/treatment .provider, if .---.---.-----.--. applicable: T 'OAJTfl~ I c.Jc.s 1~e · f.11e1 ye.

7. STRUCTURAL ITEMS At--t--:-lk-~r-~ (A) Are you aware of any past or present movement, shifting, deterioration, or other problems with

B

c

2

Yes No

A ')( B )(

Unkl N/A

-

walls, foundations, or other structural components? (B) Are you aware of any past or present problems with driveways, walkways, patios, or retaining

walls on the property? (C) Are you aware of any past or present water infiltration in the house or other structures, other

than the roof, basement or crawl spaces? (D) Stucco and Exterior Synthetic Finishing Systems ,,

I. Is your property constructed with stucco? 2. Is your property constructed with an Exterior Insulating Finishing System (EIFS), such as

Dryvit or synthetic stucco, synthetic brick or synthetic stone? 3. If"yes," when was it installed?

(E) Are you aware of any fire, storm, water or ice damage to the property? (F) Are you aware of any defects (including stains) in flooring or floor coverings?

Explain any "yes" answers in section 7, including the location and extent of any problem(s) and any repair or remediation efforts· 8. ADDITIONS/ALTERATIONS

(A) Have any additions, structural changes, or other alterations been made to the property during your ownership? Itemize and date all additions/alterations below.

(B) Are you aware of any private or public architectural review control of the property other than zoning codes?

Addition, structural Approximate date Were permits Final inspections/

change, or alteration of work obtained? approvals obtained?

(Yes/No/Unknown) (Yes/No/Unknown)

D A sheet describing other additions and alterations is attached.

Seller's Initials I Date _____ _ SPD Page 3 of 10 Buyer's Initials ___ / ___ Date ------

Produced with zipForm® by zipLoglx 18070 Fifteen Mile Road, Fraser, Michigan 48026 www zjoLoglx com D1sclosure updated

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Seller's Property Disclosure

Note to Buyer: The PA Construction Code Act, 35 P.S. §7210 et seq. (effective 2004), and local codes es­tablish standards for building and altering properties. Buyers should check with the municipality to de­tennine if pennits and/or approvals were necessary for disclosed work and if so, whether they were obtained. Where required pennits were not obtained, the municipality might require the current owner to upgrade or remove changed made by the prior owners. Buyers can have the property inspected by an ex­pert in codes compliance to detennine if issues exist. Expanded title insurance policies may be available for Buyers to cover the risk of work done to the property by previous owners without a pennit or approval. Note to Buyer: According to the PA Stonnwater Management Act, each municipality must enact a Storm ~ater Management Plan for drainage control and flood reduction. The municipality where the property is located may impose restrictions on impervious or semi-pervious surfaces added to the property. Buyers should contact the local office charged with overseeing the Stonnwater Management Plan to detennine if the prior addition of impervious or semi-pervious areas, such as walkways, decks, and swimming pools, might affect your ability to make future changes.

~~-......---.--. 9. WATER SUPPLY

I ....... ~+-.-..--+--2 -~ ........ -+--

3 4 r---~t-:--,--+--

5 f---+-<..,>.-+--6 7r--t--L-~+--

8 1-----lr--+~-

2 3 4

t---1----11----11---1 5

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(A) Source. Is the source of your drinking water (check all that apply): 1. Public 2. A well on the property 3. Community water 4. A holding tank 5. A cistern 6. A spring 7. Other 8. No water service (explain):~--,-,......,-----..,....---,---------------­

(B) Bypass Valve (for properties with multiple sources of water) 1. Does your water source have a bypass valve? 2. If "yes," is the bypass valve working?

(C) Well 1. Has your well ever run dry? 2. Depth of Well ____ _ 3. Gallons per minute , measured on (date) -------4. Is there a well used for something other than the primary source of drinking water? 5. Ifthere is an unused well, is it capped?

(D) Pumping and Treatment 1. If your drinking water source is not public, is the pumping system in working order? If "no,"

explain: ________________________________ _

2. Do you have a softener, filter, or other treatment system? 3. Is the softener, filter, or other treatment system leased? From whom? ----------­

(E) General 1. When was your water last tested? Test results:-----------2. Is the water system shared? With whom? --------------------­

(F) Issues 1. Are you aware of any leaks or other problems, past or present, relating to the water supply,

pumping system, and related items? 2 L=:Jt:::2~···· 2. Have you ever had a problem with your water supply?

Explain any "yes" answers in section 9, including the location and extent of any problem(s) and any repair or remediation efforts:------------------------------

~~-..,......_---..-....., 10. SEWAGE SYSTEM

2 3

I 2 t+-~1-----11""'

3 1----+--f:.~ 4.___,'--_.~ ....... ~ ......

Seller's Initials

(A) General 1. Is your property served by a sewage system (public, private or community)? 2. If no, is it due to availability or permit limitations? 3. When was the sewage system installed (or date of connection, if public)?

(B) Type Is your property served by: l . Public (if "yes," continue to D through G below) 2. Community (non-public) 3. An individual on-lot sewage disposal system 4. Other, explain: --------------------------------

Date _____ _ SPD Page 4of10 Buyer's Initials ___ I ___ Date ------

Produced with zipForm® by ziplogix 18070 Fifteen Mile Road. Fraser, Michigan 48026 www zlploalx com Disclosure updated

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Seller's Property Disclosure

Yes No Unk NIA I 2 3 4 5 6 7 8

2 3 4 5 6 7

2

2 3 4

2

(C) Individual On-lot Sewage Disposal System. Is your sewage system (check all that apply): 1. Within I 00 feet of a well 2. Subject to a ten-acre permit exemption 3. A holding tank 4. A drainfield 5. Supported by a backup or alternate drainfield, sandmound, etc. 6. A cesspool 7. Shared 8. Othdr, explain: ----------------------'---------

(D) Tanks and Service I. Are there any metal/steel septic tanks on the Property? 2. Are there any cement/concrete septic tanks on the Property? 3. Are there any fiberglass septic tanks on the Property? ----=----------------4. Are there any other types of septic tanks on the Property? --------------5. Where are the septic tanks located? 6. How often is the on-lot sewage disposal system serviced? 7. When was the on-lot sewage disposal system last serviced? -.,--,------------­

(E) Abandoned Individual On-lot Sewage Disposal Systems and Septic 1. Are you aware of any abandoned septic systems or cesspools on your property? 2. Have these systems or cesspools been closed in accordance with the municipality's ordinance?

(F) Sewage Pumps I. Are there any sewage pumps located on the property? 2. What type(s) ofpump(s)? ....,.----------------------3. Are pump(s) in working order? 4. Who is responsible for maintenance of sewage pumps? --------------­

(G) Issues 1. Is any waste water piping not connected to the septic/sewer system? 2. Are you aware of any past or present leaks, backups, or other problems relating to the sewage

system and related items? Explain any "yes" answers in section 10, including the location and extent of any problem(s) and any repairorremediationefforts: ___________________________ _

~~-~~--. 11. PLUMBING SYSTEM

~ 1----l--++.a~

4 1----1---+~-+.i;:;;:ic;:;.i 5 1------1----l--4.I0'-

61-----,i----l~...-f'~ .... 71----+--

(A) Material(s). Are the plumbing materials (check all that apply): 1. Copper 2. Galvanized 3. Lead 4. PVC 5. Polybutylene pipe (PB) 6. Cross-linked polyethyline (PEX)

7. Other ---=------,-,,-----:-:,--------=----=---=--=----=-----:----:----:---::----:------=--=----:-(B) Are you aware of any problems with any of your plumbing fixtures (e.g., including but not limited

to: kitchen, laundry, or bathroom fixtures; wet bars; exterior faucets; etc.)? If"yes," explain: ------------------------------

~~-~~-_, 12. DOMESTIC WATER HEATING

I 1-r-....-4--'-'-4---

2 f-L.; ........... --.-.--1-- -J;,

3 1----1-+l-+--IW 4 5 1----+~....+--

6 1------lf---"l.....+--

7 1------1 .......... +.4--8 __ ......,......,._.,..... BP--i..._,:f"-11.~~~=-t c ...___,---£_,__,~_....__

Seller's Initials I

(A) Type(s). Is your water heating (check all that apply): 1. Electric 2. Natural gas 3. Fuel oil 4. Propane 5. Solar 6. Geothermal 7. Other: __ ---:----,,...---------:---:----..,.---:-:---:-------:-----:---:--:-~----.,:-=--8. Is your water heating a summer-winter hook-up (integral system, hot water from the boifr, etc.)?

(B) How many water heaters are there? / When were they installed? ___ .___ __ _ (C) Are you aware of any problems with any water heater or related equipment?

If"yes," explain: ------------------------------

Date _____ _ SPD Page S of 10 Buyer's Initials ___ / ___ Date ____ _

Produced with zlpForm® by zlpLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www zlpLoqjx com Disclosure updated

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Seller's Property Disclosure

.-----.---.-----..--.13. HEATING SYSTEM

I f-Ti,<--f....L..l'"""--+--11"""".,.

2 f-L.l4.......,--+--~~ 3

1----; ................ --

4 1----if--ll.~--s r-__,~~--il~!"'I 6 ~74...L..:l'-+---E~ 71--"-~f----+--....---lm.;;;;;,... 8 --2 31-'-"r-11--:-:-t--ti~~

4 1----<>-+.......+--

5 6 1----<f-',o+-t--

7 ......... --.~---8

1----; ........ ~--9

2 3p,.;..~-....... ........,r-+--!

4 st-f"'h-l--t-'4--1--~

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E

,.......,,..,..... _ __,........,..-+--!

(A) Fuel Type(s). Is your heating source (check all that apply): l. Electric 2. Natural gas 3. Fuel oil 4. Propane 5. Geothermal 6. Coal 7. Wood

8. Other --------------------------------(B) System Type(s) (check all that apply):

1. Forced hot air 2. Hotwater 3. Heatpump 4. Electric baseboard 5. Steam 6. Radiant I f3 /. 7. Wood stove(s) How many? -~'-~/JJ_O_cc!. oi el' 8. Coal stove(s) How many? 9. Other: _______________________________ _

(C) Status 1. When was your heating system(s) installed? -------------------2. When was the heating system(s) last serviced? ------------------3. How many heating zones are in the property? ---=-----,-....,...-------;-' --ts~·-t--....--4. Is there an additional and/or backup heating system? Explain: _ _,l....,V--=O=o""'· """"(J~-~"-'~'~<:..~r __ _

(D) Fireplaces 1. Are there any fireplace(s)? How many? ~~-2. Are all fireplace(s) working? i 3. Fireplace types(s) (wood, gas, electric, etc.): _ .... W=..:00=-_C' _____________ _ 4. Were the fireplace(s) installed by a professional contractor or manufacturer's representative? 5. Are there any chimney(s) (from a fireplace, water heater or any other heating system)? 6. How many chimney(s)? I When were they last cleaned?------------7. Are the chimney(s) working? If"no," explain:

(E) List any areas of the house that are not heated: --+{3,,,, .... A ..... $....,e~rn~e~N~l __ _._lff~;~T~l_C. ______ _ (F) Heating Fuel Tanks

1. Are you aware of any heating fuel tank( s) on the property? 2 2. Location(s), including underground tank(s): ------------------3 3. If you do not own the tank(s), explain: --------------------P L....---1--.#-~ .... ...i...-...1 Are you aware of any problems or repairs needed regarding any item in section 13? If "yes," explain:

~----.--......----..-~ 14. AIR CONDITIONING SYSTEM (A) Type(s). Is the air conditioning (check all that apply):

1. Central air 2 2. Wall units 3 t---t-'<'r-+-- 3. Window units

4. Other --------------------------------5. None

4 1----+ ....... '--+--5

-ll:::J (B) Status "1 1. When was the central air conditioning system installed? Of yrs fJ 70

2 2. When was the central air conditioning system last serviced? -------------3 3. How many air conditioning zones are in the property? c (C) List any areas of the house that are not air conditioned: L31J-Sern-e rvr fln1 c.... P.____,......L..>-....1;~....a..~ .... Are you aware of any problems with any item in section 14? If "yes," explain:----------

Yes No Unk NIA A

2 A

Seller's Initials

15. ELECTRICAL SYSTEM (A) Type(s)

1. Does the electrical system have fuses? 2. Does the electrical system have circuit breakers?

Date ____ _ SPD Page 6 oflO Buyer's Initials ___ / ___ Date ____ _

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Seller's Property Disclosure

B (B) What is the system amperage? -,..-----,-.,...--,---,--,-c (C) Are you aware of any knob and tube wiring in the home? p L_ULl:!!!!Jll!~ Are you aware of any problems or repairs needed in the electrical system? If "yes," explain:

16. OTHER EQUIPMENT AND APPLIANCES This section must be completed for each item that will, or may, be sold with the property. The fact that an item is listed does not mean it is included in the ]Agreement of Sale. Terms of the Agreement of Sale negotiated between Buyer and Seller will determme which items, if any, are included in the purchase of the Property.

Item Yes No Item Yes No

Electric garage door opener )( Trash compactor Garage transmitters x Garbage disposal Keyless entry Stand-alone freezer Smoke detectors x :.. Washer Carbon monoxide detectors :rr Dryer Security alarm system . Intercom Interior fire sprinklers Ceiling fans )( In-ground lawn sprinklers • I NC window units Sprinkler automatic timer Sll'IAwnings Swimming pool Attic fan(s) x Hot tub/spa Satellite dish Deck(s) Storage shed x Pool/spa heater Electric animal fence Pool/spa cover Other: Whirlpool/tub 'I.. 1. Pool/spa accessories

, Refrigerator( s) ,,. Range/oven X. 4. Microwave oven 'X 5. Dishwasher 6.

Are you aware of any problems or repairs needed regarding any item in section 16? If "yes," explain:

.---~--.--~--. 17. LAND/SOILS

3

4

Seller's Initials I

(A) Property 1. Are you aware of any fill or expansive soil on the property? 2. Are you aware of any sliding, settling, earth movement, upheaval, subsidence, sinkholes or

earth stability problems that have occurred on or affect the property? 3. Are you aware of sewage sludge (other than commercially available fertilizer products) being

spread on the property, or have you received written notice of sewage sludge being spread on an adjacent property?

4. Are you aware of any existing, past or proposed mining, strip-mining, or any other excavations that might affect this property?

Note to Buyer: The property may be subject to mine subsidence damage. Maps of the counties and mines where mine subsidence damage may occur and mine subsidence in­surance are available through: Department of Environmental Protection, Mine Subsi­dence Insurance Fund, 25 Technology Drive, California Technology Park, Coal Center, PA 15423 (800) 922-1678 (within Pennsylvania) or (724) 769-1100 (outside Pennsyl­vania).

Date ------ SPD Page 7 of 10 Buyer's Initials ___ / ___ Date _____ _

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Seller's Property Disclosure

21--~~l-----llli!!!llip,;,.,j 31---~r--l ..... -.f~~ 41----..t~:..-f.;,.

2 l--__,f--\r-1--

31--__,1--"o.1<-4--4 5t----1t-V""i--

(B) Preferential Assessment and Development Rights Is the property, or a portion of it, preferentially assessed for tax purposes, or subject to limited development rights under the: 1. Farmland and Forest Land Assessment Act - 72 P.S.§5490.l et seq. (Clean and Green Program) 2. Open Space Act- 16 P.S. §11941 et seq. 3. Agricultural Area Security Law - 3 P.S. §901 et seq. (Development Rights) 4. Any other law/program: -,..--------------------,---------­Note to Buyer: Pe,nnsylvania has enacted the Right to Farm Act (3 P.S. § 951-957) ir an effort to limit the circumstances under which agricultural operations may be subject to nuisance suits or ordinances. Buyers are encouraged to investigate whether any agricultural operations covered by the Act operate in the vicinity of the property.

(C) Property Rights Are you aware of the transfer, sale and/or lease of any of the following property rights (by you or a previous owner of the property): 1. Timber 2. Coal 3. Oil 4. Natural gas 5. Other minerals or rights (such as farming rights, hunting rights, quarrying rights) Explain:

Note to Buyer: Before entering into an agreement of sale, Buyer can investigate the status of these rights by, among other means, engaging legal counsel, obtaining a title examination of unlimited years and searching the official records in the county Office of the Recorder of Deeds, and elsewhere. Buyer is also advised to investigate the terms of any existing leases, as Buyer may be subject to terms of those leases.

Explain any "yes" answers in section 17: -------------------------

..----,---.....-------.--.. 18. FLOODING, DRAINAGE AND BOUNDARIES Yes No Unk N/A (A) Flooding/Drainage

1. Is any part of this property located in a wetlands area? 2. Is the property, or any part of it, designated a Special Flood Hazard Area (SFHA)? 3. Do you maintain flood insurance on this property? 4. Are you aware of any past or present drainage or flooding problems affecting the property? 5. Are you aware of any drainage or flooding mitigation on the property? 6. Are you aware of the presence on the property of any man-made feature that temporarily or

permanently conveys or manages storm water, including any basin, pond, ditch, drain, swale, culvert, pipe or other feature?

7 7. If "yes", are you responsible for maintaining or repairing that feature which conveys or man-

21--1-L.l~ 31--1-....,-f!; 4

Seller's Initials

ages storm water for the property? Explain any "yes" answers in section 18(A), including dates and extent of flooding and the condition of any man-made storm water management features: ---------------------

(B) Boundaries 1. Are you aware of any encroachments, boundary line disputes, or easements affecting the

property? Note to Buyer: Most properties have easements running across them for utility services and other reasons. In many cases, the easements do not restrict the ordinary use of the property, and Seller may not be readily aware of them. Buyers may wish to determine the existence of easements and restrictions by examining the property and ordering an Abstract of Title or searching the records in the Office of the Recorder of Deeds for the county before entering into an agreement of sale. 2. Do you access the property from a private road or lane? 3. If "yes," do you have a recorded right of way or maintenance agreement? 4. Are you aware of any shared or common areas (driveways, bridges, docks, walls, etc.) or

maintenance agreements? Explain any "yes" answers in section 18(B): ------------------------

Date ------ Buyer's Initials ___ / ___ Date ------SPD Page 8 of 10

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Seller's Property Disclosure

2

3

2

3

~---.--~----.--.19. HAZARDOUS SUBSTANCES AND ENVIRONMENTAL ISSUES (A) Mold and Indoor Air Quality (other than radon)

I. Are you aware of any tests for mold, fungi, or indoor air quality in the property? 2. Other than general household cleaning, have you taken any efforts to control or remediate

mold or mold-like substances in the property? Note to Buyer: Individuals may be affected differently, or not at all, by mold contamination. If mold contamination or indoor air quality is a concern, buyers are encouraged to engage the serv­ices of a qualified professional toj do testing. Information on this issue is available from the United States Environmental Protection Agency and may be obtained by contacting IAQ INFO, P.O. Box 37133, Washington, D.C. 20013-7133, 1-800-438-4318.

(B) Radon I. Are you aware of any tests for radon gas that have been performed in any buildings on the

property? If "yes," list date, type, and results of all tests below:

Date Type of Test Results (picocuries/liter) Name of Testing Service

First Test Second Test

2. Are you aware of any radon removal system on the property? If "yes," list date installed and type of system, and whether it is in working order below:

Date Installed Type of System Provider Working?

(C) Lead Paint If property was constructed, or if construction began, before 1978, you must disclose any know­ledge of, and records and reports about, lead-based paint on the property. I. Are you aware of any lead-based paint or lead-based paint hazards on the property? 2. Are you aware of any reports or records regarding lead-based paint or lead-based paint hazards

on the property? (D) Tanks

1. Are you aware of any existing or removed underground tanks? Size: -----------2. If "yes," have any tanks been removed during your ownership?

(E) Dumping. Are you aware of any dumping on the property? (F) Other

I. Are you aware of any existing hazardous substances on the property (structure or soil) such as, but not limited to, asbestos or polychlorinated biphenyls (PCBs)?

2. Have you received written notice regarding the presence of an environmental hazard or bio­hazard on your property or any adjacent property?

3. Are you aware of testing on the property for any other hazardous substances or environmental concerns?

4. Are you aware of any other hazardous substances or environmental concerns that might impact upon the property?

Explain any "yes" answers in section 19:

~-.--~----.-...... 20. MISCELLANEOUS (A) Deeds, Restrictions and Title

l. Are you aware of any deed restrictions that apply to the property? 2. Are you aware of any historic preservation restriction or ordinance or archeological desig­

nation associated with the property? 3. Are you aware of any reason, including a defect in title, that would prevent you from giving a

warranty deed or conveying title to the property? (B) Financial

1. Are you aware of any public improvement, condominium or homeowner association assess­ments against the property that remain unpaid or of any violations of zoning, housing, building, safety or fire ordinances or other use restriction ordinances that remain uncorrected?

2. Are you aware of any mortgage, judgment, encumbrance, lien, overdue payment on a support obligation, or other debt against this property or Seller that cannot be satisfied by the proceeds of this sale?

3. Are you aware of any insurance claims filed relating to the property?

Seller's Initials I Date SPD Page 9 of 10 Buyer's Initials ___ / ___ Date ------------Produced with zipForm® by ziplogix 18070 Fifteen Mile Road, Fraser. Michigan 48026 www zjplogjx com Disclosure updated

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Seller's Property Disclosure

(C) Legal 1. Are you aware of any violations of federal, state, or local laws or regulations relating to this

property? 2. Are you aware of any existing or threatened legal action affecting the property?

(D) Additional Material Defects I. Are you aware of any material defects to the property, dwelling, or fixtures which are not

disclosed elsewhere on this form? Note to Buyer: A material defect is a problem with a residential real property or any portion of I it that would have a significant adverse impact on the value ofJ the property or that involves an unreasonable risk to people on the property. The fact that a stnictural element, system or subsys­tem is at or beyond the end of the normal useful life of such a structural element, system or sub­system is not by itself a material defect. 2. After completing this form, if Seller becomes aware of additional information about the

property, including through inspection reports from a buyer, the Seller must update the Seller's Property Disclosure Statement and/or attach the inspection(s). These inspection reports are for informational purposes only.

Explain any "yes" answers in section 20: ------------------------

21. ATTACHMENTS (A) The following are part of this Disclosure if checked:

D Seller's Property Disclosure Statement Addendum (PAR Form SDA) o __________________________________ _ o __________________________________ _ o __________________________________ _

The undersigned Seller represents that the information set forth in this disclosure statement is accurate and complete to the best of Seller's knowledge. Seller hereby authorizes the Listing Broker to provide this information to prospective buyers of the property and to other real estate licensees. SELLER ALONE IS RESPONSIBLE FOR THE ACCURACY OF THE INFORMATION CONTAINED IN TIDS STATEMENT. Seller shall cause Buyer to be notified in writing of any informa­tion supplied on this form which is rendered inaccurate by a change in the condition of the property following completion of this form.

DATE :Z / ~ 8 l;(o:{_< SELLER·-~~...::::;...._-=-#~· ,&_ _______________ _ SELLER ______________________________ _ DATE ____ _

SELLER-----------------------------~ DATE ____ _

EXECUTOR, ADMINISTRATOR, TRUSTEE SIGNATURE BLOCK

According to the provisions of the Real Estate Seller Disclosure Law, the undersigned executor, administrator or trustee is not required to fill out a Seller's Property Disclosure Statement. The executor, administrator or trustee, must, however, disclose any known mate­rial defect(s) of the property.

DATE

RECEIPT AND ACKNOWLEDGEMENT BY BUYER

The undersigned Buyer acknowledges receipt of this Disclosure Statement. Buyer acknowledges that this Statement is not a warranty and that, unless stated otherwise in the sales contract, Buyer is purchasing this property in its present condition. It is Buyer's responsibility to satisfy himself or herself as to the condition of the property. Buyer may request that the property be inspected, at Buyer's expense and by qualified professionals, to determine the condition of the structure or its components. BUYER ________________________________ DATE ____ _

BUYER DATE ____ _ BUYER DATE ____ _

SPD Page 10 of 10

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Conditions of Public Sale

CONDITIONS OF PUBLIC SALE OF REAL ESTATE CO!'IDITIONS OF PUBLIC SAl£ OF REAL ESTATE

O~~"'EDBY~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ LOCATED .U 3 19 Park St Mont AJto PA 17237 I. Hiehrn Bidder. Tl:e lugfle;t mi be;1 bidder shall be clu! B:uycr. Thl! SeL&. bowe\•er. rol!n'es the agbt to re;ect my aru! all bids ilJ::li to adjolllll the sale toil

su·~seq:-.ram <lat~ . If my di;p-.rres arl;e 10 m:y bid. the Se:lei;'Aiaaioneer rasave; the righ1 to c.m;c ch.e pTopem· to be imme d:iat~ J?".11 up fou ~e ~ic-

!. Real Emte I a!Q All real esta!e 1a~; for20 l 9-2020 shall ~ pll>·Ilted bem'ff!I me ~"l!r allll SeeDer 10 the d4te of leltlemmr on i Sscal year ~m. All real esme 1a.n> fDTprior yem bJw ot will be paid by me Seller.

3. Dan;.f..x T~lie< SeUer slWl ~y l!2 of 11!.e rea.'lt)· cri!lllSfer tax ilJ::li Buyer ;;hall pay~ of the ru..11)• craosru m. provided. however. lhAt 1be Bll)'-er sb1ll be resporuibl! for .my additioJlaJ cau:sfer lilSe> imposed Q!l any assipem of th.is A,greem!!lll: by Buyer.

4. .Imm. l 5,000 or ___ % hlmdooney. eithH in iwm oI cas.h. c.ashlil';; check, or cmifi.ed cb&k ;rbm clu! proi:eny is struck do\\n. imll ch.e l>aJaru:e. .,,.-il!twt m1erest ·on or be:or~ S~piember 28, 2020 wbai a speci.ll \\=ty deed \\ill be de!it'ered and! artlL1.l pos>essiol! will be gi\~n co R11yer. IlE Buy-<1" ;.hall also s!gn i!Usagre!llll.ell! .!lid comply 9.irb~ i=> of~.

5. Forf&itilra. ~ ttm! for settle=.t shall ibe of lite essE!OCe lf clu! Rny& falls to comply wi1h these t<mm of sa!e. Se.Iler Wll have cl:e opliaa of maining all depo>i1 Cl!l)Jties or otl!<r mms p!id by Ruy er OD acc01!Cll of the purchase price a.; Serer shall eJecr. (a) as !iql.tiii.ued dam!g>e;. in l\·J:th erau Bl.l)'U and Seller ;h,aJI be re.~ased from f.mlter rallili!y or oblig;uion wi Ill:; ~mimt ;hall be mill wi \'oid. or (b) on accollllt of d'-1! JlUrcMS<! price. 01 a;. !!!lmP-; to be '1]>Pli.ed 10 SeDer> ~es as s~::i& may eiea.

6. Mmetiible TI1)e. A ;ood anli lllMketablc lit1e l\ill be pva ~and clei!r of a.11 li!lli ilDlf euumbnmces_ The ral estaf!! i.; beict ;old su'b)K c co ma:iaiou; and righl~f-ll-ay of~ m lbe Fr~ Cotll!.ly Co-.uthou;;e and ati.c:h iray be \islo~e by illipectian of 11!.f pm!lisei.

7. Risl: ofLo;s. Sellush.ill cna:ntainth.ep!llpeny ~ :lmumandmypmoaalpmpmy SJM!(ific:aliysold ili!h the prapeny m itspresea coc.dinon. aomil wear and tear t.Ui!p~d. SeCer shall be.u the risl> ofla<;; fur Eill! or oclu!r casualt::;. ;ialil the time of ;st~ In cte eveitt of dama~ by fire or oths: a."Ullty to any property ind-Jd::i in this ;a.~ WI 5 llol repa.\red or repked prior to selll.'lmlalt Buyer shall !in~ lhe option o: Cl!Scillliiog 1his -~mi p;ompLy :receiving all n:Daies p!id cm .KCO-JlU of ch.~ purc:Mse ?rice or of acc.epm:,g th.e p:roperty fn it> th.'!'ll cot:dition. to~er \\id! che proceed; of any in>mnce obtrinabl: by Sell&. Buy& is ltere'bJ· cocifted lhl!c Buy& =Y in.sure Buyers eqnw.ble int2.1!!51 in the property iti of che mDe of e:i;eru1ioc of tllli Agrear.:m.

&. Wmamv. ~ Buya expmsly actrcwledge:; and: unders:1l!Cd;. lha1 me B:!!Y"'.r is buying me propeny in its presem condirioc and !hat the S'e.11~ l!llke;. no reprua:.miol!l or \1fillIUlly oi illly k:iil.d wl!atsoet•er 11itb regMll 10 lhe cocd:ition of lite pren:.ises or any CD1C.p:ir.ems !hereof. cnduding bin ll01 li:ci!ed to. ~ rooi th! ela:ttial S)·>tem. me pl"olmbing system. lbe hutil!~ S)·;i:em. or any other pm of the suucr.ire. or any o:: i:be imprO\-emenis oJ: lbe !wl. A. .R.lS. Se:ler has no kno;1r~e canurnin;g the i:re;;=e or ab;ettCe of rad.Ge. Th< SelleI c:illlm no representalioo or wam.nzy with reg.u:d l o .radoo ar lhe Je1.'eli lilere()i B. i.g•d-Btied !>Mn.J If ~IJau;ewas bWbbefore 1978, the boU5elll6f ha\'e lead-bued p&i:lL Se.Iler ha; nolsnow2rige of!ead-basedpmn an.d"or !ead~a.sed pafru Waid; in me !loosing~ w no repom 11r .records patricing Ci> leitd-ba~ paint anlilor lwa.rds in~ boasiJ:.g_ A lYi-ba.sed pamph]g "Protea Y CUI Fami.Jy frc.mladil:. YOU! House" ha.> boeatgh'm co Ruya. Buyer waive> il.l!YWl (IO) cLl)' !ud-based p!il:11use;.miea1pEriod. C. Home !Ju'P2¢oo. ~-er has inspemd tM property. Buyer uorl.~wuh Ille ilrcporrl!llU of g~g m iDdepwleot home ir.,·-pec:tfoo and l!a.i rllDugbt about this before bi~ itpOJ: the propmy and signing dli> i\grttm&lt. D. F"o:rum and Penoll!! Pronenv. !Dcrod.ed in the 5U and purdwe price are .ill ellistmg nems pnsemly i:nsralled ii! the propeny, tcd~ plwnb~ hrui:lg. lighling fu:t.1Ies (~ ii presen1 upon the propelt}'. chanrl.~ <ldld ceilin.$ fans: "''ilw tteatmem ;.ysiem.;; pool ai:.d spa eqll!:p:mem; garage dooI Ope!!er> and transminm: i-Jni.s10c antennas; sbrubb-ay. plat!.~; w:I UlljlOtted tlMi; ;u:y ren:aloing ltea~ anrl. c.ookiil.E fJel; stored or. the pillperty ai tl:e 1Ulle

of ;ertlemmJ: wall to Wll!IJ GJ]lering; \\indo-a· CO\l!ri&g hardware, Wdes, blinds: built-ii! m conditioner;: bl!ili-ill aJlPlilll!Ui: aJ:<i ~ r;mge«'i!O ~S otherwi;e sta.1@.:l). No wmai:ty is given m Buya- as to me ~-oitillg:funaiou.I coc<llcon of furnae> l!ld,or per.4cal propaty_ A:!! o!her ~,ocal propmy m1 is not " 511I'.ln. is resen-ed to SeUu, wb:idl pm.a!W prnpmy Wll be ?600\'.l'd prior 10 settle!!!!!lll.

E. VenJilitiq!!i"'old The Se:!.'!1 malie; no repre>E!lr.a1iom or wammies with~ 10 u:o!d: or the abseDCe of mold. adequate or ii:adequ.ate air elldlilllge or veni:m:. or any otb!r immr. o: bome cOl1Slf11ctioD wilel'!ill Cl!l)[d =r b<! pnseni in m rei!l U'lil.te. F. ~ The property is~ ;old "AS IS" at Ille tin:eof sa::e iUld at the lime of the setti=w. The fiducwyl seJm h.~ tllilkes no repreiECta.1iomor wamu:it:i.es as to IU cOCl!it:i.on of the re;iJ eSl'ale lb! i'U!tlaser ac:cep1> the ~eay •AS IS' . Tue purchaser 'lli1hres ai:y c:L!im; fur acy liability in:po;ed wau,gh any l!IIlliron!nmt4 aai.or.;_ Thi>~ shaD sunwe dO>in.,g, A seller's disdo;Urt bas beea made aniLlble to Buya prior to lhe pub5c aucrioa and >hall be ei;dw:,gedlly Ruyer and SeDerupon the •;ignicg of Ibis~ lf d:2 Seller is an estne ~ pasOJ:ill repm.en1atin will oot deli\w a disdl>iUte to Buyer ilmm1ldl as ibey .n 1:1ot raquiI'ed by Ja-w.

!>. finarrrin z. BIJ}l!I 5 ruJl<llh°fD~e fur ob~ Elnacci!!g, if my. w:I W; coomict is in no -a•ay camin.,geat upon tr-1! iWW'bilicy oi iin.mcilJ? The Seller will 001 pa.y po:itl>. mtlell:eDI GO>cs, or othimliie render tmmcial a;si;w1u 10 the &a)·er m this ~mi.

10. Di;puie O\'e!f H.a:ndmonio. In dlea'elltoh<li>:pme o":ereatit:lementofWdma:?eyci<yosits. tbeagem holdmg The d~sitmay ei.tl!'!f reWo lhe-n:.omes en escrow UDtil lbe di:;y.iie u ruoh1ed OL if possib!!. :pay dl.e ic.omes wo Ebe Coumy C4un 10 be held umiJ the <U;pute u resoh'Ed. Ill the evem ofli.nganon for rm ?etU!ll oi depoii1 mollies. The a~ h.o~ l:wtdmocey shall d:isin"bute lbe moaie> a.s direaed by a final order of the comt or a lllli1xe11 agreeu:em of the pmie.> B:~yer aru! Sel!u ~e !hat ic the enm my agem i; joined in IM litip.!ioo for me return O'f depa;ll IDOlltts.. anome)'> Eee5 ;m;t c.o>IS of thl! ~er.I will be paid by !M ~ JO:ni:ltg ch.e ag,=.

IL This a,_~ shill >Jnii-c cJa-.?ng.

Dated: ---------

____ ________ (SEA!.)

Seller ____________ (SEAL)

Seller

Telepho1te No. _________ _

AGRE.Dffi'-! OF BUYI:R(S)

l/Tu'e _________________________ _

Of _________________________ _

Telephone No: ______________________ ~

hereby ack.n-0wledge that I/we have become the Buyei(s) of real estate known as 3 19 Park St, Mont AJto, PA 17237 for the purchase price of'S ________ subj~t to the

foregomg condittons of sale >nth which L'we agree to comply.

___________ (SEAL)

Buyer

Dated.: --------___________ (SEA.L)

Buyer

Purchase Price S ________ _

Hand money delivered to Auction Company $ ___ _____ _

Balance due at final settlement S ________ _

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Buying at a Hurley auction is easy and fun. We are dedicated to providing the best possible experience for our

buyers.

❖ Do your homework! Inspect the property and review the information packet. We want you to be

comfortable and confident about your purchase.

❖ What does the term “Reserve” mean? Under a reserve auction the auctioneer will submit the highest and

best bid to the seller. The seller has the right to accept or reject that bid.

❖ What does the term “Absolute” mean? In as absolute auction, the property will be sold to the last and

highest bidder regardless of price.

❖ Do I need to pre-qualify? No. We normally do not require any pre-qualification to bid. However, if you

intend to obtain bank financing, the bank will require you to qualify for their loan. The deposit you make on

auction day is not contingent upon financing. Financing information can be found on the last page of this

packet.

❖ You will need a down payment as described in the general information section.

❖ Gather all available information and determine what the property is worth to you.

❖ The auction will begin promptly at the scheduled time. You should arrive at least 30 minutes early to

register with our cashier. You will need your driver’s license or another form of photo ID.

❖ Listen carefully to all announcements made the day of the auction. Please ask any questions you may have.

❖ When the auction actually begins, the auctioneer will ask for bids. He will say numbers until someone in the

crowd agrees to offer the amount asked for. For example, the auctioneer may ask for $100,000 and he may

need to come down to $75,000 until somebody agrees to bid. At this point the action begins and the bidding

begins to go up. The auctioneer will call out the next bid he is looking for. If you are willing to pay that

amount simply raise your hand. There may be several people bidding at first so don’t be shy, raise your

hand. If you feel the auctioneer doesn’t see you, don’t be afraid to wave your hand or call out. Eventually

everyone will drop out but one bidder. At this point, if the property reaches an amount approved by the

seller, the property will be sold to the high bidder. If it doesn’t reach a price acceptable by the seller, the

high bidder may then negotiate with the seller.

❖ If you are the winning bidder, you will then be declared the purchaser and will be directed how to finalize

the sale by signing the sales agreement and paying the required down payment.

❖ It is the Buyer’s responsibility to schedule the settlement with the desired settlement company. If you need

assistance in locating one near you please contact us.

Easy as 1,2,3!!!!!!!!!!. Purchasing at auction is fun & dynamic. Enjoy the experience. If you have

additional questions about auctions, please contact Hurley Auctions at 717-597-9100.

How to Buy Real Estate at Auction

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Each Real Estate Auction requires that a non-refundable down payment be made at the time the property is

struck down. The following methods are the only methods of payment accepted by Hurley Auction Co. Inc.

unless otherwise approved by Hurley Auctions:

1) Cash

2) Certified or Cashier’s Check payable to Hurley Auctions.

3) Personal check accompanied by a Bank Letter of Guarantee (see sample below). Letter must read as follows

and must be signed by an officer of the bank.

Letter of Guarantee

Date: (Date of letter)

To: Hurley Auctions

2800 Buchanan Trail East

Greencastle, PA 17225

Re: (Customer requesting Letter of Credit)

This letter will serve as your notification that (Name of Financial Institution) will

honor/guarantee payment of any check(s) written by (Customer), up to the amount

of ($ X,XXX.XX).

Drawn on account # (Customer’s account number).

This guarantee will apply only to the Hurley Auctions for purchases made (Date of

Sale) only. NO STOP PAYMENTS WILL BE ISSUED.

If further information is required, please feel free to contact this office.

Sincerely,

Name of Officer

Title

Bank & Location

Office Phone #

Acceptable Methods of Payment

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Cumberland Valley

Branch (Chambersburg)

800.554.9055

www.AgChoice.com

Heather Weeks, Doug Corl, Don Chlebowski & Emme Rickabaugh

FIN AN CIN G AN D SERVICES FO R ALL YO UR AGRICULTURAL AN D CO UN TRY LIV IN G N EEDS

NMLS #645693

Purchasing a home at auction has never been easier. In fact, each year real estate auctions become more and

more popular. The following financial institutions/mortgage companies are familiar with the auction process

and have representatives available to pre-qualify and assist you in all your real estate auction financing needs.

Real Estate Auction Financing

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The following settlement companies are familiar with the auction process and have representatives available to

assist you in all your real estate auction settlement needs.

Real Estate Settlements

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Real Estate Settlements

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Thank you for inquiring about our services. We appreciate your

interest in our company and the auction method of marketing.

ABOUT OUR COMPANY Hurley Auctions is a full service, full time Auction Company with a well-trained staff ready to

assist you in obtaining your sales goals. We are recognized as leaders in the auction industry,

having successfully conducted hundreds of real estate and personal property auctions annually.

OUR MISSION Hurley Auctions’ mission is to provide the highest possible auction and appraisal services

available. We do this through honesty, integrity, professionalism, and hard work. We are

committed to treating each client with the utmost respect. We handle each auction professionally

and to the best of our ability. Our success is measured by the ultimate satisfaction of all those

whom we serve.

W W W . H U R L E Y A U C T I O N S . C O M

Headquarters 717-597-9100

2800 Buchanan Trail East 301-733-3330

Greencastle, PA 17225 866-424-3337

Matthew S. Hurley Lic. PA-AU0033413L

WV-1830 * MD * FL-AU4597

R. Eugene Hurley PA Lic. AU003793L