AUCTION   AUCTION   AUCTION

12+/- TO 800+/- ACRES FARM LAND AND HOUSE IN

FRANKLIN COUNTY

SATURDAY, NOVEMBER 1, 2008 - 11:00 AM

Bank of America, N.A., as Trustee for Dorothy K. Underwood (deceased)

FRANKLINTON, NORTH CAROLINA 

397 SIMS BRIDGE ROAD & JULIE McKNIGHT ROAD

OFFERED IN 7 TRACTS, COMBINATION OR AS A WHOLE

Terms and conditions of sale:

Terms: 15% earnest money deposit due day of auction with balance to be paid in full within 30 days of auction. Deposit must be in form of cash, or company check. If no prior relationship with auction company then certified funds or bank letter of guarantee must be presented at registration. Sample letter: As a custom of our bank, we will guarantee payment of checks drawn on our account# _______not to exceed the amount of ________for purchases at the auction of FOSTER’S AUCTIONEERS & REAL ESTATE, INC. on November 1, 2008 in Franklin County, North Carolina.

Closing: Closing will take place at the law office of Davis, Sturges & Tomlinson, 101 Church Street, Louisburg NC 27549. Pete Tomlinson is the closing attorney and can be reached at 919-496-2137. Buyer will be responsible for all their attorney expenses.

Agency Disclosure: In all transactions the auctioneers are acting as agents for the sellers not the buyers.

Disclosure: See auction brochure on this site for Lead Paint disclosure. Inspection dates for lead paint October 20^th to October 30^th.

Inspection Times: There will be representatives from Fosters Auctioneers available on site October 17, 25, 31st from 1pm until 4pm each day, or call for appointment to arrange a private showing.

Survey: There has been a current new boundary survey preformed on the Sims Bridge Road property and the divided tracts 1, 2, 3, 4 & 5. There is a recorded survey at Franklin County Register of Deeds. Plat book 2008 page 298  to 300 on the Sims Bridge Road tract. There is an existing survey on record file C3, slide # 91-54 on the Julie McKnight Road tract.                                          

Buyers Note: Auction Company does not guarantee any written material or facts about this property. Auction Company has to the best of its ability tried to give all information available from seller and other gathered information. Buyer is responsible for their own investigation of the property. Property is "sold as is" " where is" with no seller’s representation of its merit in any way.

Property sold: Property is being sold free and clear of all liens.  Real Estate taxes have been paid by seller for 2008. Any deferred taxes will be responsibility of buyer.  Purchaser will be required to sign a North Carolina real estate contract day of sale and any other disclosure forms necessary.