pu blish ed reserve pric e o n ly $1,000,000 fo r all …...a 1,642+/- square foot, 2-bedroom...

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200 PUBLIC SQUARE SUITE 1200 CLEVELAND, OH 44114 (D) 216.239.5060 | (F) 216.404.2474 AUCTION REAL ESTATE 225 SWEDE ROAD, TIDIOUTE, PA 16351 SATURDAY, JULY 25 TH , 2020 AT 11AM EST | REGISTRATION STARTS AT 10 AM LOCATION: Auction Onsite in the East Airplane Hangar. REMOTE BIDDING is Permitted with Proper Advanced Registration. CONTACT: Mark S. Abood for Details and Instructions. INSPECTION DATES: Saturdays, JULY 11 TH & JULY 18 TH from 11AM - 1PM and on Auction Day JULY 25 TH from 9AM - 10AM. United States Bankruptcy Court Orders the Immediate Sale PRISTINE PRISTINE 421+ ACRE ESTATE WITH NUMEROUS 421+ ACRE ESTATE WITH NUMEROUS LUXURY LODGES IN WESTERN PENNSYLVANIA LUXURY LODGES IN WESTERN PENNSYLVANIA (Case No. 17-17361 in the Northern District of Ohio, Eastern Division). PUBLISHED RESERVE PRICE ONLY PUBLISHED RESERVE PRICE ONLY $1,000,000 FOR ALL THREE PARCELS! $1,000,000 FOR ALL THREE PARCELS! COURT APPOINTED REAL ESTATE BROKER: COLLIERS INTERNATIONAL +1 216.239.5060 | WWW.COLLIERS.COM AUCTION REAL ESTATE 225 SWEDE ROAD, TIDIOUTE, PA 16351 SATURDAY, JULY 25 TH , 2020 AT 11AM EST | REGISTRATION STARTS AT 10 AM LOCATION: Auction Onsite in the East Airplane Hangar. COURT APPOINTED AUCTIONEER: MARK S. ABOOD UNITED STATES BANKRUPTCY COURT ORDERS THE IMMEDIATE SALE UNITED STATES BANKRUPTCY COURT ORDERS THE IMMEDIATE SALE

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Page 1: PU BLISH ED RESERVE PRIC E O N LY $1,000,000 FO R ALL …...A 1,642+/- square foot, 2-bedroom colonial with basem ent built circa 1947 with a detached 2-car garage and 1,200+/- square

2 0 0 P U B L IC S Q U A R E S U IT E 1 2 0 0C L E V E L A N D , O H 4 4 1 1 4(D ) 2 1 6 .2 3 9 .5 0 6 0 | (F ) 2 1 6 .4 0 4 .2 4 7 4

A U C T IO NR E A L E S T A T E

2 2 5 S W E D E R O A D , T ID IO U T E , PA 1 6 3 5 1S A T U R D A Y, J U LY 2 5 T H , 2 0 2 0 A T 1 1 A M E S T | R E G I S T R A T IO N S T A R T S A T 1 0 A M

L O C A T IO N : A u c t io n O n s i t e in t h e E a s t A i r p la n e H a n g a r. R E M O T E B ID D IN G i s P e rm it t e d w it h P r o p e r A d v a n c e d R e g is t r a t io n .

C O N T A C T : M a r k S . A b o o d fo r D e t a i ls a n d In s t r u c t io n s . I N S P E C T IO N D A T E S : S a t u r d a y s , J U LY 1 1 T H & J U LY 1 8 T H f r o m 1 1 A M - 1 P M

a n d o n A u c t io n D a y J U LY 2 5 T H f r o m 9 A M - 1 0 A M .

U n i t e d S t a t e s B a n k r u p t c y C o u r t O r d e r s t h e Im m e d ia t e S a le P R I S T IN EP R I S T IN E 4 2 1 + A C R E E S T A T E W IT H N U M E R O U S 4 2 1 + A C R E E S T A T E W IT H N U M E R O U S L U X U R Y L O D G E S IN W E S T E R N P E N N S Y LV A N IAL U X U R Y L O D G E S IN W E S T E R N P E N N S Y LV A N IA (C a s e N o . 1 7 -1 7 3 6 1 in t h e N o r t h e r n D is t r i c t o f O h io , E a s t e r n D iv is io n ).

P U B L I S H E D R E S E R V E P R I C E O N LY P U B L I S H E D R E S E R V E P R I C E O N LY $ 1 ,0 0 0 ,0 0 0 F O R A L L T H R E E P A R C E L S !$ 1 ,0 0 0 ,0 0 0 F O R A L L T H R E E P A R C E L S !

C O U R T A P P O IN T E D R E A L E S TA T E B R O K E R : C O L L IE R S IN T E R N A T IO N A L

+1 2 1 6 .2 3 9 .5 0 6 0 | W W W .C O L L IE R S .C O M

A U C T IO NR E A L E S T A T E

2 2 5 S W E D E R O A D , T ID IO U T E , PA 1 6 3 5 1S A T U R D A Y, J U LY 2 5 T H , 2 0 2 0 A T 1 1 A M E S T | R E G I S T R A T IO N S T A R T S A T 1 0 A M

L O C A T IO N : A u c t io n O n s i t e in t h e E a s t A i r p la n e H a n g a r. C O U R T A P P O IN T E D A U C T IO N E E R : M A R K S . A B O O D

U N I T E D S T A T E S B A N K R U P T C Y C O U R T O R D E R S T H E IM M E D IA T E S A L EU N I T E D S T A T E S B A N K R U P T C Y C O U R T O R D E R S T H E IM M E D IA T E S A L E

Page 2: PU BLISH ED RESERVE PRIC E O N LY $1,000,000 FO R ALL …...A 1,642+/- square foot, 2-bedroom colonial with basem ent built circa 1947 with a detached 2-car garage and 1,200+/- square

www.colliers.com | +1 216.239.5060

P R O P E R T Y O V E R V I E W : G E N E R A L O V E R V I E W : 2 2 5 S W E D E R O A D , T ID IO U T E , P A 1 6 3 5 1

R IG R T O N A E S TA T E i s a o n e -in -a -l i f e t im e o p p o r t u n i t y t o o w n 4 2 1 +/- a c r e s o f t h e m o s t p r i s t in e la n d s c a p e im a g in a b le in w e s t e r n P e n n s y lv a n ia ! M o d e r n , lu x u r y lo d g e s , c a b in s , o ffi c e s , w a r e h o u s e s , b a r n s a n d h o m e s a r e n e s t le d t h r o u g h o u t t h e w o o d e d h i l ls id e . A c c e s s ib le b y r o a d , t r a i l o r p r iv a t e a i r s t r ip , t h is p r o p e r t y i s t h e p e r f e c t h id e a w a y fo r f a m i l ie s , w i ld l i f e e n t h u s ia s t s , h u n t e r s , c o r p o r a t e e x e c u t iv e s , o r e d u c a t io n a l/r e l ig io u s r e t r e a t g o e r s . T h r e e s e p a r a t e p r o p e r t ie s t o b e o ff e r e d in “p a r t s a n d w h o le ” a s d e s c r ib e d b e lo w . B u y o n e o r b u y t h e m a l l !

P A R C E L A : 1 5 4 7 S W E D E R O A D , T ID IO U T E , P A 1 6 3 5 1A 1 ,6 4 2 +/- s q u a r e f o o t , 2 -b e d r o o m c o lo n ia l w i t h b a s e m e n t b u i l t c i r c a 1 9 4 7 w it h a d e t a c h e d 2 -c a r g a r a g e a n d 1 ,2 0 0 +/- s q u a r e f o o t p o le b a r n , s i t u a t e d u p o n a 2 2 +/- a c r e p a r t ia l ly w o o d e d p a r c e l o f la n d . W e ll a n d s e p t ic . L a s t p u r c h a s e p r ic e w a s $ 1 2 5 ,0 0 0 in 2 0 0 8 . C o u ld b e c o m b in e d w it h P a r c e l B a n d C t o c r e a t e a m a g n ifi c e n t 4 2 1 +/- a c r e s p o r t s m a n ’s p a r a d is e , c o r p o r a t e r e t r e a t o r q u ie t f a m i ly e s t a t e . C u r r e n t ly le a s e d o n a m o n t h -t o -m o n t h t e rm . W a r r e n C o u n t y T a x V a lu a t io n : $ 3 0 ,9 5 3 .0 0 P u b l i s h e d R e s e r v e P r ic e : T O TA L B ID O F PA R C E L S A , B A N D C M U S T B E O V E R $ 1 ,0 0 0 ,0 0 0 . P e rm a n e n t P a r c e l N u m b e r : T D -0 0 1 -8 4 2 0 0 0 -0 0 0 2 0 1 9 E s t im a t e d T a x B i l l : $ 9 7 8 .1 2 C a s h ie r ’s C h e c k R e q u i r e d t o B id : $ 2 5 ,0 0 0 .0 0

P A R C E L B : 2 3 5 9 C A M P B E L L H I L L R O A D , T ID IO U T E , P A 1 6 3 5 1A 2 ,0 3 8 +/- s q u a r e f o o t , 3 -b e d r o o m , 1 -b a t h c o lo n ia l w i t h b a s e m e n t b u i l t c i r c a 1 9 4 1 w it h t w o 6 5 0 +/- s q u a r e f o o t s t o r a g e s h e d s , s i t u a t e d u p o n a 2 1 .0 2 +/- a c r e p a r t ia l ly w o o d e d p a r c e l o f la n d . W e ll a n d s e p t ic . C u r r e n t ly le a s e d o u t t o a f a m i ly o n m o n t h -t o -m o n t h t e rm s . L a s t p u r c h a s e p r ic e w a s $ 1 5 0 ,0 0 0 in 2 0 0 8 . C o u ld b e c o m b in e d w it h P a r c e l A a n d C t o c r e a t e a m a g n ifi c e n t 4 2 1 +/- a c r e s p o r t s m a n ’s p a r a d is e , c o r p o r a t e r e t r e a t o r q u ie t f a m i ly e s t a t e . W a r r e n C o u n t y T a x V a lu a t io n : $ 4 3 ,0 2 2 .0 0 P u b l i s h e d R e s e r v e P r ic e : T O TA L B ID O F PA R C E L S A , B A N D C M U S T B E O V E R $ 1 ,0 0 0 ,0 0 0 . P e rm a n e n t P a r c e l N u m b e r : T D -0 0 1 -8 3 5 1 0 0 -0 0 0 2 0 1 9 E s t im a t e d T a x B i l l : $ 1 ,7 4 1 .0 0 C a s h ie r ’s C h e c k R e q u i r e d t o B id : $ 2 5 ,0 0 0 .0 0

P A R C E L C : 2 2 5 S W E D E R O A D , T ID IO U T E , P A 1 6 3 5 13 7 9 .0 0 +/- a c r e s o f p u r e o u t d o o r h e a v e n ! T h is o n e -o f -a -k in d p r iv a t e e s t a t e h a s i t a l l . P r iv a t e e n t r a n c e g u a r d e d b y a h a n d w ro u g h t , e le c t r o n ic i r o n g a t e e m b la z o n e d w it h t h e n a m e R IG R T O N A . M u lt ip le lu x u r y lo d g e s t h a t s le e p 4 -8 p e r s o n s , e a c h b o a s t in g m o d e r n a m e n it ie s t h a t in c lu d e h e a t , c e n t r a l a i r a n d g e n e r a t o r b a c k u p , w r a p a r o u n d d e c k s a n d m e t a l r o o f s . Im m e d ia t e ly a d ja c e n t t o t h e m a in lo d g e a n d g u e s t h o u s e i s a p a v e d , s t r ip e d , l ig h t e d 2 ,2 5 0 f t . lo n g , 5 0 f t . w id e a i r p la n e r u n w a y . I f y o u h a v e a r u n w a y , y o u m u s t h a v e a n a i r p la n e h a n g a r. T h is p r o p e r t y h a s T W O ! A n 8 ,0 0 0 +/- s q u a r e f o o t f r e e s p a n , a i r p la n e h a n g a r w it h 2 0 ’ c e i l in g h e ig h t a n d a 1 6 ’ x 6 0 ’ b y fo ld e le c t r ic d o o r ; a s e c o n d 1 2 ,0 0 0 +/-s q u a r e f o o t f r e e s p a n a i r p la n e h a n g a r w it h 2 0 ’ c e i l in g h e ig h t a n d s ix 1 4 ’ d r iv e -in d o o r s a n d a 5 -t o n m o v e a b le c r a n e . N e x t t o t h e a i r p la n e h a n g a r s , i s t h e u lt im a t e “w o r k -f r o m -h o m e ” e n v i r o n m e n t c o n s is t in g o f a 3 ,8 0 0 +/- s q u a r e f o o t o ffi c e b u i ld in g w it h 4 o ffi c e s , b o a r d r o o m , d r a f t in g r o o m , 2 r e s t r o o m s a n d a r e c r e a t io n a r e a o n t h e s e c o n d fl o o r. O t h e r u n iq u e f e a t u r e s o f t h is b e a u t i f u l p a r a d is e in c lu d e a 1 2 5 ’ t a l l s t e e l w a t c h t o w e r, r e c r e a t io n /p ic n ic p a v i l io n a n d p la y g r o u n d , a 4 ,0 0 0 +/- s q u a r e f o o t w o o d w o r k in g b a r n w it h e le c t r ic , h e a t a n d fl o o r d r a in s , a 1 ,0 5 0 +/- s q u a r e f o o t s t o r a g e s h e d , a n d n u m e ro u s f u e l s t o r a g e t a n k s , h id d e n t r e a s u r e s t h r o u g h o u t !

T h e n a t u r a l b e a u t y o f R IG R T O N A E S TA T E i s a s ig h t t o b e h o ld ! T h e d iv e r s e t e r r a in c o n t a in s m ix e d h a r d w o o d t r e e s t h r o u g h o u t , r o l l in g p a s t u r e s , m a g n ifi c e n t v i s t a s , h i l ls a n d v a l le y s , c r e e k s , c r e v ic e s a n d c l iff s , t r a i ls , t r e e b l in d s a n d h o n e y h o le s . A b u n d a n t w i ld l i f e fl o u r is h e s o n e v e r y s q u a r e in c h o f t h e p r o p e r t y . I f t h a t i s n ’t e n o u g h , R IG R T O N A is a d ja c e n t t o t h e A l le g h e n y R iv e r, A l le g h e n y R iv e r S t a t e P a r k a n d S t a t e G a m e L a n d s # 8 6 , # 6 9 a n d # 2 4 . L a s t a s k in g p r ic e w a s $ 4 ,0 0 0 ,0 0 0 . C o u ld b e c o m b in e d w it h P a r c e l A a n d B t o c r e a t e a m a g n ifi c e n t 4 2 1 +/- a c r e s p o r t s m a n ’s p a r a d is e , c o r p o r a t e r e t r e a t o r q u ie t f a m i ly e s t a t e .

W a r r e n C o u n t y T a x V a lu a t io n : $ 8 6 0 ,0 0 0 .0 0 P u b l i s h e d R e s e r v e P r ic e : T O TA L B ID O F PA R C E L S A , B A N D C M U S T B E O V E R $ 1 ,0 0 0 ,0 0 0 . P e rm a n e n t P a r c e l N u m b e r : T D -0 0 1 -8 5 2 0 0 0 -0 0 0 , 8 2 8 0 0 0 -0 0 0 , 8 6 2 1 0 0 -0 0 0 , 8 6 2 1 0 0 -0 0 1 , 8 6 2 2 0 0 -0 0 0 , 9 4 4 0 0 0 -0 0 0 , a n d 9 4 7 7 2 0 -0 0 0 2 0 1 9 E s t im a t e d T a x B i l l : $ 3 0 ,6 6 2 .0 0 C a s h ie r ’s C h e c k R e q u i r e d t o B id : $ 1 0 0 ,0 0 0 .0 0

T E R M S O F S A L E F O R J U LY 2 5 , 2 0 2 0 • R E A L E S T A T E A U C T IO N P R O P E R T I E S O F F E R E D :

Pa rc e l A : 1 5 4 7 Sw e d e R o a d : P a rc e l N u m b e r T D -0 0 1 -8 4 2 0 0 0 -0 0 0 .P a rc e l B : 2 3 5 9 C am p b e ll H ill R o a d : P a rc e l N u m b e r T D -0 0 1 -8 3 5 1 0 0 -0 0 0 .P a rc e l C : 2 2 5 Sw e d e R o a d : P a rc e l N u m b e rs T D -0 0 1 -8 5 2 0 0 0 -0 0 0 , 8 2 8 0 0 0 -0 0 0 , 8 6 2 1 0 0 -0 0 0 , 8 6 2 1 0 0 -0 0 1 , 8 6 2 2 0 0 -0 0 0 , 9 4 4 0 0 0 -0 0 0 , a n d 9 4 7 7 2 0 -0 0 0 .

A U C T IO N P R O C E D U R E A N D F O R M A T : T h is is a liv e , p u b lic , o p e n -o u tc r y a u c t io n a n d is a t t h e d ire c t io n o f a n d s u b je c t to th e A u th o r it y o f t h e C o u r t A p p o in te d C h a p te r 7 T ru s te e , K a r i C o n ig lio a n d th e U n ite d S t a te s B a n k ru p tc y C o u r t in C a s e N u m b e r 1 7 -1 7 3 6 1 in th e N o r th e rn D is t r ic t o f O h io , E a s te rn D iv is io n . To b id , a p a r t ic ip a n t m u s t b e a re g is te re d b id d e r a n d m u s t ra is e th e ir h a n d , s h o u t o u t th e ir b id o r n o t if y a b id d e r ’s a s s is t a n t o f t h e ir b id . A b id s h a ll n o t b e v a lid u n le s s o r u n t il t h e a u c t io n e e r re c o g n iz e s th e b id d e r a n d th e ir re s p e c t iv e b id . T h e a u th o r iz e d s ig n a to r y o f e a c h b id d e r w ill b e a t t h e a u c t io n . T h e fi n a l H ig h B id w ill b e a c c e p te d a t t h e t im e a n d p la c e o f t h e a u c t io n p ro v id e d s u c h H ig h B id is e q u a l to o r g re a te r t h a n th e P u b lis h e d R e s e r v e P r ic e (a s m a y b e re d u c e d a t a n y t im e d u r in g th e A u c t io n ). T h e A u c t io n e e r re s e r v e s th e r ig h t to s e e k a n o p e n in g b id b e lo w th e R e s e r v e P r ic e . In th e e v e n t th e b id d in g le v e l d o e s n o t re a c h th e R e s e r v e P r ic e , t h e H ig h B id w ill b e c o n s id e re d a n o ff e r a n d th e P ro p e r t y w ill b e o ff e re d W ith R e s e r v e , S u b je c t to A c c e p ta n c e . T h e fi n a l H ig h B id a n d C o v e r B id s h a ll b e ir re v o c a b le u n t il t h e c lo s e o f s a le . Po u n d in g a n d k n o c k in g o f a g a v e l is a c o m m o n o c c u rre n c e a t a n a u c t io n . S u c h o c c u rre n c e s sh a ll n o t b e d e em e d to in d ic a te a sa le o r th a t a p a rc e l h a s b e e n so ld u n le s s o r u n t i l th e a u c t io n e e r a n n o u n c e s v e rb a lly th a t sa id p a rc e l h a s b e e n so ld .

M E T H O D O F B ID D IN G : Pa rc e ls A , B a n d C a re b e in g s o ld b y p a rc e l o r w h o le e n t ire t y . T h is m e a n s th a t w h ic h e v e r m e th o d re a liz e s th e h ig h e s t p r ic e to th e s e lle r s w ill b e fi n a l, v o id in g a ll o th e r o ff e r s . T h e in d iv id u a l p a rc e ls , a s s h o w n o n th e m a p , w ill b e o ff e re d fi r s t , w ith th e H ig h B id d e r fo r e a c h p a rc e l(s ) b e in g h e ld . O n c e a ll t h e p a rc e ls h a v e re c e iv e d b id s , t h e to t a l o f t h e p a rc e ls w ill b e a d d e d u p to a g ra n d to t a l o f h e ld b id s . T h e p ro p e r t y w ill t h e n b e o ff e re d in it s e n t ire t y . In o rd e r to b re a k th e to t a l o f in d iv id u a l p a rc e l h e ld b id s , t h e fi r s t e n t ire t y b id m u s t e x c e e d th e p a rc e ls to t a l b y a n am o u n t in th e A u c t io n e e r ’s s o le d is c re t io n . T h e e n t ire t y b id w ill t h e n b e h e ld . T h e in d iv id u a l p a rc e l b id d e r ’s w ill t h e n b e a s k e d if t h e y w ish to ra is e th e ir e a r lie r h e ld b id p r ic e s to b re a k a p a r t t h e e n t ire t y h e ld b id b y a n am o u n t in th e A u c t io n e e r ’s s o le d is c re t io n . T h e n e w in d iv id u a l to t a l w ill b e a d d e d a n d h e ld . T h e p ro p e r t y w ill b e o ff e re d a g a in in th is f a s h io n u n t il a ll b id d in g h a s te rm in a te d in A u c t io n e e r ’s s o le d is c re t io n .

A L L H IG H B ID S A R E S U B J E C T T O F IN A L A P P R O V A L B Y T H E C O U R T A P P O IN T E D C H A P T E R 7 T R U S T E E A N D T H E C O U R T IN C A S E N U M B E R 1 7 -1 7 3 6 1 IN T H E N O R T H E R N D I S T R I C T O F O H IO , E A S T E R N D IV I S IO N . T H E P R O P E R T I E S M A Y B E O F F E R E D IN P A R T S A N D W H O L E S O L O N G A S T H E S U M O F T H E IN D IV ID U A L P A R C E L S E Q U A L S O R E X C E E D S T H E A G G R E G A T E H IG H B ID O F $ 1 ,0 0 0 ,0 0 0 . I N T H E E V E N T S U C H A G G R E G A T E H IG H B ID I S M E T O R E X C E E D E D , T H E P R O P E R T Y S H A L L B E S O L D S U B J E C T T O T H E C O U R T ’S F IN A L A P P R O V A L .

B ID D E R IN F O R M A T IO N P A C K A G E : A B id d e r ’s In fo rm a t io n o r D u e D ilig e n c e P a c k a g e m u s t b e o b ta in e d b y a ll re g is te re d b id d e r s p r io r to th e a u c t io n . T h e B id d e r ’s In fo rm a t io n P a c k a g e s h a ll c o n ta in in fo rm a t io n p e r t a in in g to th e p ro p e r t y b e in g o ff e re d , h o w e v e r, b id d e r s s h o u ld u n d e r t a k e to p e r fo rm th e ir o w n d u e d ilig e n c e p r io r to th e a u c t io n .

A T T O R N E Y R E V I E W R E C O M M E N D A T IO N : A ll in fo rm a t io n c o n ta in e d in th e b ro c h u re a n d a ll o th e r a u c t io n -re la te d m a te r ia l, s u c h a s th e B id d e r ’s In fo rm a t io n P a c k a g e s h o u ld b e c a re fu lly re v ie w e d b y a n a t to rn e y p r io r to th e a u c t io n a n d is s u b je c t to a n d m a y b e s u p e r s e d e d b y th e R e a l E s t a te P u rc h a s e A g re em e n t to b e s ig n e d a t t h e a u c t io n a n d a n n o u n c em e n t s m a d e f ro m th e p o d iu m p r io r to th e c o m m e n c em e n t o f b id d in g .

A U C T IO N R E G I S T R A T IO N : A ll p a r t ic ip a n t s in te re s te d in b id d in g a t t h e a u c t io n s h a ll re g is te r a t t h e re g is t ra t io n c o u n te r b y p ro v id in g th e fo llo w in g ite m s : (1 ) v a lid s t a te is s u e d id e n t ifi c a t io n ; (2 ) p ro o f t h a t p a r t ic ip a n t h a s in sp e c te d th e P ro p e r t y ; (3 ) p re s e n ta t io n o f c e r t ifi e d o r c a sh ie r ’s c h e c k in th e am o u n t o f n o t le s s th a n $ 2 5 ,0 0 0 fo r P a rc e ls A o r B ; a n d $ 1 0 0 ,0 0 0 fo r P a rc e l C o r t h e e n t ire t y ; a n d (4 ) a n a c k n o w le d gm e n t th a t th e b id d e r h a s re c e iv e d , re v ie w e d a n d u n d e r s t a n d s th e te rm s o f s a le , p u rc h a s e a n d s a le a g re em e n t , B id d e r ’s In fo rm a t io n P a c k a g e a n d is c a p a b le o f c lo s in g if t h e y a re th e s u c c e s s fu l b id d e r.

R E M O T E B ID D IN G : R e m o te b id d in g v ia s im u lt a n e o u s d ig it a l t ra n sm is s io n is a v a ila b le fo r p a r t ic ip a n t s th a t a re u n a b le to a t te n d th e A u c t io n in p e r s o n (“R em o te B id d in g ”). In o rd e r to q u a lif y fo r R em o te d B id d in g a n d b e is s u e d a re m o te b id n u m b e r, a p a r t ic ip a n t w a n t in g to b id re m o te ly m u s t : (1 ) b e p re -a p p ro v e d b y A u c t io n e e r ; (2 ) d e liv e r to th e A u c t io n e e r a s ig n e d b la n k P u rc h a s e a n d S a le A g re em e n t n o la te r t h a n 4 8 h o u r s b e fo re th e A u c t io n ; a n d (3 ) w ire th e a p p ro p r ia te m o n e y d e p o s it s b e lo w to th e T it le C o m p a n y n o la te r t h a n 4 8 h o u r s b e fo re th e A u c t io n (w h ic h s h a ll b e h e ld in e s c ro w a t th e T it le C o m p a n y p e n d in g o u tc o m e o f t h e A u c t io n ).

R E Q U IR E M E N T S O F T H E H IG H B ID D E R (S ): T h e H ig h B id d e r (s ) in th e a u c t io n s h a ll b e re q u ire d to : (1 ) Im m e d ia te ly te n d e r a c e r t ifi e d o r c a sh ie r ’s c h e c k in th e am o u n t o f n o t le s s th a n $25,000 in the instance of a High B id on Parcels A or B, and $100,000.00 in the instance of a High B id on Parcel C or the ent irety ; (2 ) E x e c u te th e P u rc h a s e a n d S a le A g re em e n t ; (3 ) E x e c u te th e a p p ro p r ia te P e n n s y lv a n ia A g e n c y D is c lo su re F o rm s a n d P ro p e r t y D is c lo su re F o rm s ; a n d (4 ) In c re a s e th e ir m o n e y d e p o s it to te n p e rc e n t (1 0% ) o f t h e P u rc h a s e P r ic e v ia w ire t ra n s fe r w ith in fi v e (5 ) d a y s o f t h e a u c t io n . In th e e v e n t th e H ig h B id m e e t s o r e x c e e d s th e P u b lis h e d R e s e r v e P r ic e , s u c h m o n e y d e p o s it s s h a ll im m e d ia te ly b e c o m e n o n -re fu n d a b le .

R E Q U IR E M E N T S O F T H E C O V E R B ID D E R : T h e C o v e r B id d e r in th e a u c t io n s h a ll b e re q u ire d to im m e d ia te ly te n d e r a c e r t ifi e d o r c a sh ie r ’s c h e c k in th e am o u n t o f $100,000.00. In th e e v e n t th e H ig h B id d e r c lo s e s th e s a le , s u c h m o n e y d e p o s it s h a ll b e re fu n d e d to th e C o v e r B id d e r.

N O N -R E F U N D A B L E M O N E Y D E P O S I T S : A ll m o n e y d e p o s it s s u b m it te d b y th e s u c c e s s fu l h ig h b id d e r s h a ll b e c o m e im m e d ia te ly n o n -re fu n d a b le . T h is s a le is n o t s u b je c t to P u rc h a s e r o b ta in in g fi n a n c in g , a n y c o n t in g e n c ie s , in s p e c t io n s o r o th e r re a s o n s e x c e p t a s n o te d h e re in . I f P u rc h a s e r f a i ls to p e r fo rm w ith in th e t im e lim it a t io n s s p e c ifi e d , a n y a n d a ll m o n e y d e p o s it s s h a ll b e fo r fe ite d a s liq u id a te d d am a g e s .

T I T L E A N D E S C R O W IN S T R U C T IO N S : T it le a n d E s c ro w s e r v ic e s s h a ll b e p ro v id e d b y : M a d is o n T it le A g e n c y , L LC , P h o n e : (7 3 2 ) 9 0 5 -9 4 0 0 , Em a il: a s o n n e n s c h e in @m a d is o n t it le .c o m . A ll m o n e y d e p o s it s s h a ll b e d e p o s ite d w ith th e T it le C o m p a n y. T h e to t a l m o n e y d e p o s it b y th e H ig h B id d e r s h a ll b e in c re a s e d to te n p e rc e n t (1 0% ) o f t h e P u rc h a s e P r ic e v ia w ire t ra n s fe r w ith in fi v e (5 ) d a y s o f t h e a u c t io n . T it le a n d e s c ro w fe e s a n d c o s t s s h a ll b e s p lit e q u a lly b e tw e e n th e S e lle r a n d th e P u rc h a s e r, w ith s p e c ifi c e x p e n s e a llo c a t io n s e t fo r th in th e P u rc h a s e a n d S a le A g re em e n t (a c o p y o f w h ic h is in c lu d e d in th e B id d e r In fo rm a t io n P a c k a g e ).

C L O S IN G D A T E S : T h e C lo s in g D a te s h a ll b e th ir t y -fi v e (3 5 ) d a y s a f te r t h e a u c t io n , o r a n o th e r d a te a g re e d to b y th e p a r t ie s , a t t h e o ffi c e o f t h e T it le C o m p a n y. A t s u c h t im e , P u rc h a s e r s h a ll t e n d e r o r h a v e a lre a d y te n d e re d th e b a la n c e o f t h e P u rc h a s e P r ic e . T IM E IS O F T H E E S S E N C E IN T H IS T R A N SA C T IO N .

B U Y E R ’S P R E M IU M : A B u y e r ’s P re m iu m in a n am o u n t e q u a l to E ig h t P e rc e n t (8% ) o f t h e H ig h B id s h a ll b e p a id b y th e P u rc h a s e r a n d a d d e d to th e H ig h B id am o u n t in o rd e r to c a lc u la te th e To ta l P u rc h a s e P r ic e fo r a ll p a rc e ls in th is a u c t io n . P u rc h a s e r a c k n o w le d g e s a n d a c c e p t s th a t s u c h am o u n t s h a ll b e a d d e d to th e H ig h B id a n d s u c h am o u n t s s h a ll b e th e re sp o n s ib ilit y o f t h e P u rc h a s e r.

F IN A N C IN G : T h e P a rc e ls o ff e re d a t a u c t io n a re n o t s u b je c t to o r c o n t in g e n t u p o n th e P u rc h a s e r o b ta in in g fi n a n c in g .

A G E N C Y D I S C L O S U R E : AW S C o m m e rc ia l, L LC d /b /a C o llie r s In te rn a t io n a l a n d M a rk A b o o d , C o u r t A p p o in te d D is p o s it io n A g e n t /A u c t io n e e r a ll re p re s e n t th e S e lle r in th is t ra n s a c t io n .

B U Y E R B R O K E R P A R T I C I P A T IO N : A B u y e r B ro k e r m e e t in g th e fo llo w in g re q u ire m e n t s is e lig ib le to re c e iv e a n am o u n t e q u a l to o n e p e rc e n t (1% ) o f t h e H ig h B id Am o u n t p a id b y th e S e lle r o u t o f t h e S e lle r ’s p ro c e e d s a t C lo s in g . To q u a lif y , t h e B u y e r B ro k e r m u s t : (1 ) b e a n a c t iv e lic e n s e d PA R E s a le sp e r s o n o r b ro k e r in g o o d s t a n d in g ; (2 ) re g is te r t h e ir c lie n t in w r it in g v ia e m a il to m a rk .a b o o d @ co llie r s .c o m n o la te r t h a n tw o (2 ) w e e k s b e fo re th e a u c t io n ; (3 ) a t te n d a s c h e d u le d o p e n h o u s e o r p ro p e r t y in sp e c t io n w ith th e ir c lie n t ; (4 ) a t te n d th e a u c t io n w ith th e ir c lie n t ; a n d (5 ) th e ir c lie n t m u s t b e th e s u c c e s s fu l H ig h B id d e r a n d c lo s e o n th e s a le o f t h e p ro p e r t y . N o B u y e r B ro k e r w ill b e re c o g n iz e d fo r a b u y e r w h o h a s p re v io u s ly c o n ta c te d o r b e e n c o n ta c te d b y th e S e lle r, t h e ir re p re s e n ta t iv e s o r A u c t io n e e r. R e fe r ra l fe e s w ill b e p a id u p o n c lo s in g b y S e lle r a n d re c e ip t o f a ll c o m m is s io n s b y A u c t io n e e r. N o re fe r ra l fe e s w ill b e p a id b y th e S e lle r, i f t h e B u y e r B ro k e r, it s a g e n t s , o r a m em b e r o f it s im m e d ia te fam ily is p a r t ic ip a t in g in th e p u rc h a s e o f t h e p ro p e r t y . A n affi d a v it w ill b e re q u ire d c e r t if y in g th a t th e B u y e r B ro k e r is n o t p a r t ic ip a t in g in a n y w a y a s a p r in c ip a l. N o s u b -a g e n c y s h a ll b e o ff e re d to a n y b ro k e r b y A u c t io n e e r. N o o ra l re g is t ra t io n s w ill b e a c c e p te d . B u y e r B ro k e r s a re h e re b y n o t ifi e d th a t th e S e lle r h a s p ro v id e d a d u a l c o m m is s io n a r ra n g em e n t fo r t h e s a le o f t h e p ro p e r t y .

C O N D U C T O F T H E A U C T IO N : N e ith e r S e lle r n o r A u c t io n e e r is p e rm it te d to b id a t t h e a u c t io n . C o n d u c t o f t h e a u c t io n a n d in c re m e n t s o f b id d in g a re a t t h e s o le d ire c t io n a n d d is c re t io n o f t h e A u c t io n e e r. A u c t io n D a y A n n o u n c em e n t s m a d e f ro m th e p o d iu m su p e r s e d e p r in te d m a te r ia l. T h e A u c t io n is o p e n to re g is te re d b id d e r s a n d in v ite d g u e s t s . In th e e v e n t o f a d is p u te b e tw e e n b id d e r s , t h e A u c t io n e e r s h a ll m a k e th e fi n a l d e c is io n to e ith e r a c c e p t th e fi n a l b id , to re -o ff e r/re -s e ll t h e p ro p e r t y , o r to re m o v e th e p ro p e r t y f ro m th e a u c t io n . I f a n y d is p u te s s h o u ld a r is e fo llo w in g th e a u c t io n , t h e A u c t io n e e r ’s re c o rd s s h a ll b e c o n c lu s iv e .

A S -IS C O N D IT IO N – B IN D IN G S A L E . T h e p ro p e r t y is b e in g s o ld in it s p re s e n t c o n d it io n w ith n o w a r ra n t ie s , w h a t s o e v e r, p u r s u a n t to c o u r t o rd e r.. I t is b e in g s o ld “a s is w h e re is - in it s p re s e n t c o n d it io n , w ith a ll f a u lt s .” E a c h b id d e r is re ly in g o n h is /h e r o w n in d e p e n d e n t in sp e c t io n o f t h e re a l e s t a te fo r it s p h y s ic a l c o n d it io n s , c h a ra c te r, a n d s u it a b ilit y a n d fi tn e s s fo r p u rc h a s e r ’s in te n d e d u s e a n d is n o t re ly in g u p o n a n y re p re s e n ta t io n o f S e lle r s , C o llie r s In te rn a t io n a l, AW S C o m m e rc ia l, L LC , M a rk A b o o d , o r a n y o f t h e ir a g e n t s , re p re s e n ta t iv e s , p e r s o n n e l o r s t a ff .

B ID D E R IN F O R M A T IO N P A C K A G E S F O R J U LY 2 5 , 2 0 2 0 • R E A L E S T A T E A U C T IO NT h e p a c k a g e in c lu d e s im p o r t a n t d u e d i l ig e n c e in fo rm a t io n a b o u t t h e p r o p e r t y , t h e o ff e r in g a n d t h e a u c t io n p r o g r a m . In c lu d in g b u t n o t l im it e d t o : p r o p e r t y o v e r v ie w , p h o t o s , r e a l e s t a t e t a x in fo rm a t io n , p r o p e r t y d is c lo s u r e s , le g a l d e s c r ip t io n , p r e l im in a r y t i t le c o m m itm e n t , p u r c h a s e a n d s a le a g r e e m e n t a n d t e rm s o f s a le . B id d e r in fo rm a t io n p a c k a g e s m a y b e o b t a in e d in p e r s o n a t a n y o f t h e P r o p e r t y In s p e c t io n D a t e s o r b y lo g g in g o n t o :

W o u ld y o u l ik e t o r e c e iv e m o r e in fo rm a t io n r e g a r d in g o t h e r a u c t io n s ? P le a s e c o n t a c t K r i s W a ls h a t k r i s .w a ls h @ c o ll ie r s .c o mR e m o t e b id d in g i s p e rm it t e d w it h p r o p e r a d v a n c e d r e g is t r a t io n . C o n t a c t M a r k S . A b o o d fo r d e t a i ls a n d in s t r u c t io n s a t m a r k .a b o o d @ c o ll ie r s .c o m

H T T P ://C O L L I E R S A U C T IO N .L I S T IN G L A B .C O M /T ID IO U T E P A

D IS C L A IM E R : T H E IN F O RM AT IO N C O N TA IN E D H E R E IN IS S U B J E C T T O IN D E P E N D E N T IN S P E C T IO N A N D V E R IF IC AT IO N B Y A L L PA R T IE S R E LY IN G O N IT . N O L IA B IL IT Y F O R IT S IN A C C U R A C Y, E R R O R S O R O M IS S IO N S IS A S S U M E D B Y T H E S E L L E R O R B R O K E R /A U C T IO N E E R . A L L A C R E A G E , S Q U A R E F O O TA G E , A N D D IM E N S IO N S A R E A P P R O X IM AT E . T H E B R O K E R /A U C T IO N E E R A N D S E L L E R S P E C IF IC A L LY D IS C L A IM A N Y A N D A L L WA R R A N T IE S A N D R E P R E S E N TAT IO N S W IT H R E S P E C T T O T H E A C C U R A C Y O F A N Y IN F O RM AT IO N P R O V ID E D T O A N Y PA R T Y. B ID D E R S W IL L M A K E A L L B ID S B A S E D U P O N T H E IR O W N D U E D IL IG E N C E A N D IN D E P E N D E N T V E R IF IC AT IO N R E G A R D IN G A L L IN F O RM AT IO N P R O V ID E D . T H IS S A L E IS B E IN G C O N D U C T E D S U B J E C T T O T H E T E RM S O F T H E S A L E A N D T H E R E A L E S TAT E P U R C H A S E A G R E EM E N T . T H IS O F F E R IN G M AY B E W IT H D R AW N , M O D IF IE D , O R C A N C E L E D W IT H O U T N O T IC E AT A N Y T IM E . P R O P E R T Y IS S U B J E C T T O P R IO R S A L E . T H IS IS N O T A S O L IC ITAT IO N O R O F F E R IN G T O R E S ID E N T S O F A N Y S TAT E O R JU R IS D IC T IO N W H E R E P R O H IB IT E D B Y L AW .

A L L P O T E N T IA L P U R C H A S E R S W H O B E C O M E B ID D E R S AT T H IS A U C T IO N H AVE R E C E IV E D C O P IE S O F T H E S E T E RM S O F S A L E , H A D T H EM O R A L LY P R E S E N T E D T O T H EM O N A U C T IO N D AY, A N D B Y P L A C IN G T H E IR B ID S A G R E E T O B E B O U N D .

C O V ID -1 9 R E L E A S E F R O M L IA B IL IT Y : T H E N O VE L C O R O N AV IR U S , C O V ID -1 9 , H A S B E E N D E C L A R E D A W O R L D W ID E PA N D EM IC B Y T H E W O R L D H E A LT H O R G A N IZ AT IO N . C O V ID -1 9 IS R E P O R T E D T O B E E X T R EM E LY C O N TA G IO U S . E V ID E N C E H A S S H O W N T H AT C O V ID -1 9 C A N C A U S E S E R IO U S A N D P O T E N T IA L LY L IF E -T H R E AT E N IN G IL L N E S S A N D E V E N D E AT H . I A C K O W L E D G E T H AT I F E E L IN G O O D H E A LT H T O D AY, H AVE C H E C K E D M Y T E M P E R AT U R E A N D D O N O T H AVE A N Y S YM P TO M S A S S O C IAT E D W IT H C O V ID -1 9 . I H E R E B Y F O R E V E R R E L E A S E A N D WA IV E M Y R IG H T T O B R IN G S U IT A G A IN S T O W N E R , T R U S T E E , C O L L IE R S IN T E R N AT IO N A L , M A R K A B O O D , AW S C O M M E R C IA L , L LC A N D A L L T H E IR R E S P E C T IV E O F F IC E R S , D IR E C TO R S , M A N A G E R S , O F F IC IA L S , T R U S T E E S , A G E N T S , AT TO R N E Y S , E M P LO Y E E S , O R O T H E R R E P R E S E N TAT IV E S IN C O N N E C T IO N W IT H E X P O S U R E , IN F E C T IO N , A N D /O R S P R E A D O F C O V ID -1 9 R E L AT E D T O M Y P R E S E N C E O N T H E P R E M IS E S . I U N D E R S TA N D T H AT T H IS WA IV E R M E A N S I G IV E U P M Y R IG H T T O B R IN G A N Y C L A IM S IN C LU D IN G F O R P E R S O N A L IN JU R IE S , D E AT H , D IS E A S E O R P R O P E R T Y LO S S E S , O R A N Y O T H E R LO S S , IN C LU D IN G B U T N O T L IM IT E D T O C L A IM S O F N E G L IG E N C E A N D G IV E U P A N Y C L A IM I M AY H AVE T O S E E K D A M A G E S , W H E T H E R K N O W N O R U N K N O W N , F O R E S E E N O R U N F O R E S E E N .

I C E R T IF Y T H AT I H AV E R E A D T H E C O N T R A C T , T H E T E RM S O F S A L E , T H E B ID D E R IN F O RM AT IO N PA C K A G E , A N D I H AV E IN S P E C T E D T H E P R O P E R T Y T H AT I A M B ID D IN G U P O N A N D I A C K N O W L E D G E T H AT I A M B ID D IN G O N T H E P R O P E R T Y IN IT S A S -IS , W H E R E -IS , W IT H A L L FA U LT S C O N D IT IO N . I A L S O WA R R A N T T H AT I W IL L A D H E R E T O A L L A U C T IO N E E R IN S T R U C T IO N S A N D R E Q U IR E M E N T S A N D , IF T H E S U C C E S S F U L B ID D E R , I W IL L C LO S E A S C O N T R A C T E D .

C o ll ie r s In t e r n a t io n a l a n d M a r k S . A b o o d , A u c t io n e e r, e x p e c t a l l p a r t ic ip a n t s t o r e s p e c t s o c ia l d is t a n c in g g u id e l in e s s e t f o r t h b y t h e s t a t e o f P e n n s y lv a n ia a n d W a r r e n C o u n t y h e a lt h d e p a r tm e n t s a s w e l l a s t h e m o s t c u r r e n t r e c o m m e n d a t io n s i s s u e d b y t h e C D C .

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