REAL ESTATE will be sold

SATURDAY, NOVEMBER 1ST, 2008, 5:00 PM - BY SEALED BID       

SEALED BIDS MUST BE PRESENTED BY CLOSE OF BUSINESS DAY (5:00 P.M.) AT 1098 US ROUTE 9, SCHROON LAKE NY 12870

BIDDING PACKET (Coming Soon)  MINIMUM BID:  $64,900

WILL BE AUCTIONING THE FOLLOWING PROPERTIES:

Call for your private showing!

REAL ESTATE TERMS AND CONDITIONS:

1)         ALL BIDDERS ARE REQUIRED TO PROVIDE A COPY OF A VALID DRIVERS  LICENSE OR PROPER IDENTIFICATION WITH SEAL BID.

2)        EACH BIDDERS AGREEMENT TO ABIDE TO THE TERMS & CONDITIONS OF SALE AS STATED IN THE AUCTION CATALOGUE

DO NOT BID UNLESS YOU AGREE TO BE BOUND BY THE TERMS OF THIS SALE AS THEY ARE FINAL UPON YOU BECOMING A HIGH BIDDER.

3)        REAL ESTATE WILL BE SOLD SUBJECT TO CONFIRMATION BY    OWNER/ADMINISTRATOR, AND ALSO SUBJECT TO A 10% BUYERS PREMIUM. THE BUYERS PREMIUM IS AN AMOUNT EQUAL TO 10% OF THE BID AMOUNT, THE SUM OF WHICH WITH THE BID SHALL BECOME THE TOTAL CONTRACT PRICE PAID BY THE BIDDER.

4)         PROPERTY WILL BE SOLD (AS IS, WHERE IS) WITH NO FINANCING, INSPECTION OR OTHER CONTINGENCIES TO SALE.  ADIRONDACK COUNTRY HOMES REALTY INC. REPRESENTS THE SELLERS ONLY AND DOES NOT INSPECT PROPERTIES ON BIDDER'S BEHALF.

5)         YOU ARE ON THESE PREMISES AT YOUR OWN RISK. BROKER, SELLER AND AUCTIONEER, THEIR AGENTS AND EMPLOYEES, EXPRESSLY DISCLAIM ANY (INVITEE) RELATIONSHIP AND SHALL NOT BE LIABLE TO ANY PERSON FOR DAMAGES TO THEIR PERSON OR PROPERTY WHILE IN, ON OR ABOUT THESE PREMISES, NOR SHALL THEY BE LIABLE FOR HIDDEN DEFECTS, DANGERS OR CONDITIONS. ALL PERSONS ARE ON THE PREMISES AT THEIR OWN RISK AND SHALL DEFEND, INDEMNIFY AND SAVE HARMLESS, BROKER, SELLER AND AUCTIONEER FROM ANY AND ALL LIABILITY ATTENDANT THERETO.

6)         THE SALE WILL BE CONTROLLED BY ADIRONDACK COUNTRY HOMES REALTY, THE AUCTIONEERS DECISION REGARDING ANY DISPUTES IS FINAL, THE AUCTIONEER RESERVES THE RIGHT TO REJECT ANY BID THAT IS NOT AN APPRECIABLE ADVANCEMENT OVER THE PRECEDING BID. THE AUCTIONEER IS THE SOLE ARBITER AND CONTROLLER OF THE CONDUCT OF THE AUCTION AND SHALL BE THE FINAL AND ABSOLUTE AUTHORITY WITH OUT LIABILITY TO ANY PARTY.

7)         ADIRONDACK COUNTRY HOMES REALTY, MAKE NO WARRANTEE EXPRESSED OR IMPLIED, IN CONNECTION WITH THE REAL ESTATE BEING AUCTIONED.

8)         WHEN A PERSON BECOMES THE SUCCESSFUL HIGH BIDDER AND HIS OR HER BID IS ACCEPTED BY THE OWNER /ADMINISTRATOR, THE BIDDER MUST DEPOSIT CASH, BANK CHECK, TELLERS CHECK OR MONEY ORDER PAYABLE TO ADIRONDACK COUNTRY HOMES REALTY (ESCROW ACCOUNT) IN THE AMOUNT OF ($5,000.00) FIVE THOUSAND DOLLARS WITH THE REAL ESTATE BROKER.  APPROVES APPLYING SAID FUNDS TOWARD THE IRREVOCABLE 10% DOWN PAYMENT WITH THE BALANCE BECOMING DUE IN THE BROKERS OFFICE BY CLOSE OF THE NEXT BUSINESS DAY.  UNSUCCESSFUL BIDDERS MAY RETURN THEIR BID CARD TO THE BROKERS REGISTRATION TABLE ANY TIME DURING OR AFTER THE AUCTION FOR THE IMMEDIATE RETURN OF THEIR DEPOSIT MONEY.

9)        UPON FALL OF THE GAVEL  AT CLOSE OF BUSINESS DAY, THE SUCCESSFUL HIGH BIDDER AND UNDER BIDDER SHALL BE CONTACTED AND SENT AN ACKNOWLEDGMENT FORM AND PURCHASE AND SALE AGREEMENT. FAILURE TO EXECUTE THESE DOCUMENTS SHALL BE DEEMED A DEFAULT UNDER THE TERMS AND CONDITIONS AND SHALL RESULT IN FORFEITURE OF DEPOSIT MONEY.

10)       THE CLOSING WILL BE SCHEDULED TO TAKE PLACE ON OR BEFORE 45 DAYS FROM THE AUCTION/SEAL BID OPENING DATE. SELLER HAS REPRESENTED TO BROKER THAT THE TITLE CONVEYED SHALL BE INSURABLE AND CLEAR OF LIENS OR ENCUMBRANCES  AT CLOSING, SELLER WILL PROVIDE A LEGALLY RECORDABLE DEED. PURCHASER WILL PAY THE BALANCE DUE OF THE REAL ESTATE SALES CONTRACT  WITHIN THE SPECIFIED TIME FRAME OR SHALL FORFEIT THE IRREVOCABLE 10% DOWN PAYMENT AS STATED IN THE TERMS & CONDITIONS OF THE AUCTION AND THE PURCHASE & SALE AGREEMENT. (REAL ESTATE AUCTIONS ARE NOT CONTINGENT TO FINANCING)