DIRECTIONS: From Ohio/Kentucky side, take Interstate 71 to Sligo exit. Travel east on Route 42 to Bedford, KY, then take Route 421 north to Madison, IN. Turn right on east Second Street. Property on right. From the Indiana/Louisville side, take Interstate 65 north to Scottsburg, IN, then Highway 56 to Madison, IN. Turn right on West Street. Turn right on Second Street. Property on right.

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TERMS AND CONDITIONS

AUCTION: Held on site. There will be introductions and a explanation of the auction process and terms. All announcements made at the suction will take precedence over printed, advertised, or oral information.

REGISTRATION: Although there is no obligation to bid, all prospective buyers must register at the auction site. Registration will begin one hour prior to sale on the date of auction.

AUCTION TERMS : 15% down on the day of the sale, with balance due within 30 days or less. 10% Buyer's Premium will be added to the final bid price to determine the purchase price.

TAXES: 2002 Real Estate Taxes will be prorated between the buyer and seller.

POSSESSION: Date of deed.

CLOSING REAL ESTATE: The balance of the purchase price will be due and payable at closing. Closing can be scheduled as soon as possible but in no event shall the closing date be later than 30 days after the auction.

CONDITIONS OF SALE: The property will be sold "as is, where is" without expressed or implied warranty. All information was derived from sources believed to be correct, but is not guaranteed. Buyers shall rely on their own information, judgment, and prior inspection of the property and records. All announcements made at each auction shall take precedence over any previously printed material or any other oral statements made. Seller will furnish good and marketable title to property.

BROKER PARTICIPATION: We welcome broker participation of other real estate professionals in this important auction. A fee equal to 2% of the top price will be paid from the auctioneer's commission to any licensed real estate broker of sales person whose prospect successfully closes on the property. To qualify for payment of commission, your prospect must be registered with RE/MAX Group Auctioneers 48 hours prior to the sale, the broker or sales person must attend and register his or her prospect the day of the sale, and must be present at the signing of the sales contract.

SPECIAL NOTE: This house being built prior to 1978, will be available for private lead based paint inspection beginning 10 days prior to sale date on August 28 and ending on September 6. A waiver will be issued day of auction.