21 Property Absolute Auction to be held on August 6th, 2009 at 5PM at the Holiday Inn Hurstborne. 1325 S Hurstbourne Pkwy. Louisville, KY 40222 This auction to be conducted by Elizabeth Monarch, Auction Solutions LLC. Terms of the Auction: The purchaser shall make a non-refundable deposit at the conclusion of the auction of 15% of the total purchase price in the form of cash, certified check, cashier's check, or good personal check secured by purchaser's personal demand note payable to RE/MAX Associates. Balance to be paid upon delivery of a special warranty deed on or before September 4, 2009. Time is of the essence in the purchase agreement. Taxes and rents to be prorated to date of closing. The property is being sold as is with no warranty. Buyers must verify restrictions, taxes and flood plane. All properties are subject to prior sale. Possession with deed subject to current leases. Should buyer obtain a mortgage loan, the buyer shall pay the attorney's closing fee. Should the buyer pay cash at closing, the closing fee shall be divided equally between the buyer and seller. SELLER shall pay for deed preparation and transfer tax. The closing of this property shall be with Joseph Moloney, Moloney Law Office, 200 S 5th St. Louisville, KY 502-581-0153. All risks of loss with respect to the property shall remain with SELLER until the closing and delivery of deed. A 10% Buyer's Premium will be added to the winning bids to determine the contract selling price for each property. All statements made the day of the auction by Auctioneer supersede any written or printed material. All real estate agents wishing to represent a buyer must register 48 hours PRIOR TO THE AUCTION. See attachment for Agent Registration Form. List of Properties to be auctioned: 1. 314 S 20th Street 2. 652 S 26th Street 3. 1605 S 31st Street 4. 103 N 34th Street 5. 1048 S 36th Street 6. 646 S 37th Street 7. 117 W Breckinridge Street 8. 813 Cecil Avenue 9. 672 Cecil Avenue 10. 2715 Cedar Street 11. 2
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