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Type Online-Only Auction
Date Sold 7/15/2020


Lot # 1a
Group - Category
Lead Real Estate Terms & Conditions-DO NOT BID ON THIS
Description
There is a 2% Buyers Premium on the Real Estate instead of 13% Open House & Preview: July 9, 2020 from 4:00 – 6:00 pm or by appointment only by calling Harmeyer Auction & Appraisal Co, LLC @ 765-561-1671 Full Listing: https://matrix.miborblc.com/matrix/shared/kXSjFnNGVX/1120RaceStreetNewCastleIN47362 Terms & Conditions AUCTIONEER: RUSSELL D. HARMEYER, IN Auct. Lic. #AU10000277 PLEASE READ AND REVIEW THE REAL ESTATE TERMS THOROUGHLY PRIOR TO BIDDING ON ANY PROPERTY. IF YOU HAVE NOT READ OR DO NOT UNDERSTAND THESE TERMS, DO NOT BID. BY BIDDING ON THE PROPERTY, BUYER AGREES TO ALL TERMS AND CONDITIONS SET FORTH AND ENTERS INTO A CONTRACTUAL AGREEMENT TO PURCHASE THE PROPERTY UNDER THE FOLLOWING TERMS AND CONDITIONS: ONLINE BIDDING: AUCTION DATE/ TIME: Bidding begins July 6, 2020 at 8:00 am EST. Bidding concludes July 15, 2020 starting at 6:30 pm EST. BUYER’S PREMIUM: A 2% buyer’s premium will be added to the winning bid amount to determine the final selling price. UPON CONCLUSION OF THE AUCTION: The Winning Bidder will be emailed a Real Estate Contract to print. The Winning Bidder is required to fully and correctly complete and properly sign the contract without any modifications. The Winning Bidder is to return the completed, signed contract to Halderman-Harmeyer Real Estate Services by email, fax, certified mail or deliver in person by July 16, 2020 at 4:00 pm EST. Along with the contract, the Winning Bidder is required to send the specified non-refundable earnest money. This non-refundable earnest money deposit will be held in escrow until closing when it will be credited to the Buyer as part of the purchase price of the property. Wire transfer (if needed or utilized) instructions & escrow agreement forms will be provided to the Winning Bidder along with the contract after the auction. The Buyer shall be responsible for all wire transfer fees (if needed or utilized). A Winning Bidder that does not execute and return the completed contract & earnest money deposit by July 16, 2020 at 4:00 pm EST will be considered in default. Such default by the Winning Bidder will result in that Bidder’s liability to both the Seller and Halderman-Harmeyer Real Estate Services. The Seller shall have the right to (a) declare this contractual agreement cancelled and recover full damage for its breach, (b) elect to affirm this contractual agreement and enforce its specific performance, or (c) resell the property either publicly or privately with Halderman-Harmeyer Real Estate Services, Inc. In the case the property is to resell, the Winning Bidder shall be liable for payment of any deficiency realized from the second sale plus all costs. Such costs include but are not limited to the following: the holding costs of the property, the expenses of both sales, and legal and incidental damages of both the Seller and Halderman-Harmeyer Real Estate Services. In addition, Halderman-Harmeyer Real Estate Services reserves the right to recover any damages separately from the breach of the Buyer. Both, the Winning Bidder and the Seller, shall indemnify Halderman-Harmeyer Real Estate Services for & hold harmless Halderman-Harmeyer Real Estate Services from any costs, losses, liabilities, or expenses, including attorney fees resulting from Halderman-Harmeyer Real Estate Services being named as a party to any legal action resulting from either the Bidder’s or the Seller’s failure to fulfill any obligations and undertakings as set forth in this contractual agreement. REAL ESTATE TERMS: • TERMS OF SALE: 10% earnest money deposit due with the executed contract. The balance due at closing. This purchase is not subject to financing. • DATE OF CLOSING: The closing will take place on or before September 4, 2020. • POSSESSION: Possession will be granted at closing for land and buildings. • REAL ESTATE TAXES: The Seller will pay real estate taxes for 2019 payable in 2020. The Buyer will pay all 2020 taxes payable in 2021 and all taxes thereafter. • NO CONTINGENCIES: The Real Estate Contract is not contingent on or subject to Buyer’s financing, appraisal, survey, inspections of any kind, or any other contingencies as agreed to by bidders at registration prior to bidding. • SURVEY: There will be no survey unless required for clear title. If a survey is completed for title purposes, the cost will be split 50/50 between the Seller and the Buyer. • TITLE: The Buyer is entitled to and the Seller will provide clear, insurable title for property and a trustee’s deed upon full payment. • ZONING AND EASEMENTS: This property is being sold subject to any and all easements of record. Property is subject to all state and local zoning ordinances. • AERIAL PHOTOS, IMAGES, & DRAWINGS: Visual representations are for illustrative purposes only and not surveyed boundary lines unless specified. • AGENCY: Halderman-Harmeyer Real Estate Services is the Agent of the Seller. • CONDITION OF PROPERTY: The property is being sold on an ‘AS IS, WHERE IS’ basis. Halderman-Harmeyer Real Estate Services, the Seller nor their representatives, agents, or employees make express or implied warranties or representations of any kind. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property prior to bidding. All information presented in the brochure, website, and all other mediums is subject to verification by all parties relying on it. All sketches and dimensions are approximate. No liability for this flyer’s accuracy, errors, or omissions is assumed by the Seller, Halderman-Harmeyer Real Estate Services or their Agents or Representatives. The Buyer and/or the Bidder agree(s) to hold harmless & indemnify Halderman-Harmeyer Real Estate Services and their Agents and their Representatives from any and all claims, damages, or suits including but not limited to awards, judgments, costs, fees, etc. • DISCLAIMER: All information included herein was derived from sources believed to be correct, but is not guaranteed. • NEW DATA, CORRECTIONS, and CHANGES: Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information. BIDDING AND REGISTRATION INFORMATION: BIDDER VERIFICATION: Bidding rights are provisional, and if identity verification is questionable, Halderman-Harmeyer Real Estate Services has the right to reject the registration, and bidding activity will be terminated. The Seller & Halderman-Harmeyer Real Estate Services reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, mental fitness, etc. Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account. If the registered bidder’s username is offensive to Halderman-Harmeyer Real Estate Services or in their sole opinion detrimental to Bidding Activity, then Halderman-Harmeyer Real Estate Services reserves the right to delete the bidder from bidding or unilaterally change the username with notification to the Bidder. When using the website, you must obey any and all local, state and federal laws. Violations will result in termination of web site use privileges. **AUCTION END TIMES: Halderman-Harmeyer Real Estate Services online only auctions are timed events and all bidding will close at the specified time. However, our auctions also have what is called an ‘Auto Extend’ feature. Any bid placed within the final 5 minutes of an auction results in the auction automatically extending 5 additional minutes. The bidding will extend in 5-minute increments from the time the last bid is placed until there are no more bids, and the lots sit idle for 5 minutes. Therefore, the auction will not close until all bidding parties are satisfied, and no one can be outbid without an opportunity to respond. TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software, internet or any other online auction-related technologies, Halderman-Harmeyer Real Estate Services reserves the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software, nor Halderman-Harmeyer Real Estate Services shall be held responsible for a missed bid or the failure of the software to function properly for any reason. CONDUCT OF THE AUCTION: The minimum bid increase will be $250. Halderman-Harmeyer Real Estate Services reserves the right to reject any and all bids for any reason and reserves the right to cancel this auction or remove any item or lot from this auction prior to the close of bidding. All decisions of Halderman-Harmeyer Real Estate Services are final. YOUR BID ON THIS AUCTION INDICATES BOTH AN UNDERSTANDING AND AN ACCEPTANCE OF THE TERMS OF THIS CONTRACTUAL AGREEMENT BETWEEN YOURSELF AND THE SELLER.
Name Cummings Real Estate & Personal Property Online Auction
Auctioneer Harmeyer Auction & Appraisal Co.
Type Online-Only Auction
Date(s) 7/6/2020 - 7/15/2020
Bidding opens July 6, 2020 at 8:00 am EST Bidding closes July 15 beginning at 6:30 pm EST
Preview Date/Time Preview July 9 from 4-6pm
Checkout Date/Time Pick-up is July 17 from 12-6 pm
Location 1120 Race St
New Castle, IN 47362
Buyer Premium 13% buyer's premium will be added
Description
Harmeyer Auctions is privileged to offer for sale the Real Estate located at 1120 Race Street, New Castle, IN 47362 that is owned by the Late Jeff Cummings and Kathy Cummings. If you have specific questions about the real estate please call Harmeyer Auction & Appraisal Co @ 765-561-1671 This is the second of three auctions. The second auction includes more radios from Jeff's extensive collection. These radios include 1920's console broadcast radios, mid-century bakelite and wood AM tube radios, electronic repair parts including tubes, resistors, transistors, and more. We are also offering an antique gas pump, Ford pedal car and other toys, shelving, lighting, household items and much much more. Questions can be directed to Amy by calling 765-561-0668. Please leave a message or text. Auction Starts: July 6, 2020 @ 8:00 am Preview: July 9, 2020 from 4-6 pm Auction Closes: July 15, 2020 starting @ 6:30 pm Auction Pick Up: July 17, 2020 from 12:00 - 6:00 pm PLEASE USE LINK ON INVOICE EMAIL TO SCHEDULE A PICKUP TIME !!!
Auction Terms & Conditions Harmeyer Auction & Appraisal Co., LLC. retains the right to govern goods and services sold to clients and to maintain the level and integrity of our business. Harmeyer Auction & Appraisal Co., LLC. has the right to terminate the auction at any time; withdrawal from sale of any item; to sell at this auction items not listed; to group one of more lots into one or more selling lots or to subdivide into two lots or more selling lots. The auction company also reserves the right to sell all of the items listed in bulk. Payment: a) All payments will be required to be paid for with the credit card on file after auction is complete. b) Buyer's Premium is 13% Online c) Buyer specifically waves the right to dispute or deny payment for any purchases made with a credit card. d) No items will be removed until they have been paid for. Purchaser is responsible for removal of all purchased goods. No abandonment of purchased items is allowed. All abandoned items will be sold for storage and moving fees. Loading Equipment: a) Buyer is responsible for their own removal of all items. Please bring any packing material and boxes that you may need. Please bring assistance to move heavy items to your vehicle and any tools for dismantling. Item Removal: All items must be on the scheduled pick up date. If other arrangements are absolutely necessary please contact site manager No Liability: a) Harmeyer Auction & Appraisal Co., LLC. assumes no liability for your purchases. The buyer assumes and does agree to indemnify and hold the auction company and seller harmless from any future claim that shall pertain to fitness or use of the asset being purchased. b) Persons attending during exhibition, sale or removal of goods assume all risks of damage or loss to person and property and specifically release and indemnify the Auction Company from liability therefore. Neither the Auction Company nor his principal or seller shall be liable by reason of any defect in or condition of the premises in which the sale is held. Consignors & Bidders: a) All consignors must fill out a contract with Harmeyer Auction & Appraisal Co., LLC., sign forms and abide by our terms listed. b) All bidders must register for bidder's numbers using proper ID or proper information. c) Any employee of Harmeyer Auction & Appraisal Co., LLC. may bid at any auction if they wish to purchase an item. d) All items become the sole responsibility of the purchaser when the auctioneer confirms your bid as the successful winner. We are not responsible for lost or stolen items. e) If there is any dispute between two or more bidders, the auction company or its’ auctioneer, may decide the successful bidder. The decision of the auction company, or its’ auctioneer, shall be final and absolute. Loss of Bidding Privileges: a) If you have failed to pay for an item your bidding privileges will be revoked. Your privileges may be restored by paying for the item or repaying for the loss of the revenue due to the items not having been sold and by placing a credit card on permanent file whereby future purchases will automatically be charged. Delinquent Accounts: a) The bidder that has not paid for, or has not removed their items from the auction site, will be subject to the cost of storage, trucking, re-sale, deficiency balances, collection fees, and any legal fees for recouping a loss due to the bidder's negligence. Reserves: a) Any and all items that Harmeyer Auction & Appraisal Co., LLC. agrees to sell are subject to a reserve as per Indiana State Auction Law. Documents: a) All documents must be completed in full by buyers and sellers. For Example: Death Certificates, Letters of Authority, Creditor Leins, and UCC's when purchasing vehicles, firearms, etc. b) All gun buyers will be required to fill out a 4473 form and pass a background check. Out of state buyers will be required to have any and all guns shipped to an FFL (Federal Firearms License) Dealer. Compliance with the Terms of Sale: a) In default of payment of bills in full within the time announced for this auction the Auction Company in addition to all other remedies allowed by law, may retain all monies received as deposit or otherwise, as liquidated damages. b) Harmeyer Auction & Appraisal Co., LLC. is in complete accordance with Indiana statutes and Indiana Administrative codes, Title 25, Title 812, Department of Revenue Tax Bulletin #20, and Reference IC 6-2-4. Warranties: a) Everything is sold “AS IS/WHERE IS” with no warranties, representation or guarantees expressed, implied or otherwise given. All sales are final. Conditions of Items Sold: a) All information is believed to be accurate, but the auction company shall not be responsible for the correct description, authenticity, genuineness of or defect in any lot, and makes no warranty in connection therewith. No allowance will be made or sale set aside on account of any incorrectness, error in cataloging or any imperfection not noted. No deduction will be allowed on damaged articles as all goods being exposed for public exhibition are sold “as is” and without recourse. Harmeyer Auction & Appraisal Co., LLC. requires any and all buyers to preview and make your own opinion of conditions. Auctioneers have the right to refuse service or eject any person obstructing the auction process. The record of sale kept by the Auction Company, the audio tape of the auction and the bookkeeper records will be taken as final in the event of any dispute. Shipping/Pick up a)All items must be paid for prior to pick up or shipping of the item b)Pick up will be scheduled the following day after closing of the auction unless otherwise noted c)If items are to be shipped the buyer will first pay for the item at the close of the auction. Then after payment has been made the items will be boxed and packaged for a fee of $5 per box. Then the card will be charged again for the shipping & handling fees and the items will then be shipped. d)If the card is declined for the shipping fees the buyer will be notified and items will not be shipped until the shipping is paid in full. e) if items are not picked up on the scheduled pick up day they may be considered forfeited and no refund will be made. --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 15.00 1.00 USD
15.01 - 48.00 2.00 USD
48.01 - 95.00 5.00 USD
95.01 - 240.00 10.00 USD
240.01 - 2,475.00 25.00 USD
2,475.01 - 4,550.00 50.00 USD
4,550.01 - 9,900.00 100.00 USD
9,900.01 - 49,750.00 250.00 USD
49,750.01 - 99,500.00 500.00 USD
99,500.01 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium 13% buyer's premium will be added
Payment Terms
You credit card will be charged at the end of the auction on July 15, 2020. If you spent more than $600.00 your card will be charged for the first $600.00, and everything over that will have to be paid with a check prior to pick up. If you have any questions, please call Amy @ 765-561-0668
You will pick up your items at 1120 Race St, New Castle, IN 47362 on July 17 from 12:00 - 6:00 pm EST PLEASE USE LINK ON INVOICE EMAILTO SCHEDULE A PICKUP TIME !!! If you wish your items shipped to you, we will do that. We do not ship furniture. There will be a charge on your card for the purchase and after we have boxed and pack the items, there will be a charge for packing and the shipping cost. Minimum packing charge is $5.00 per box. Please let us know if you want insurance on the package. If you are wanting items shipped, please call Amy @ 765-561-0668