The Property Will Be Shown To Prospective Bidders on Tuesday, August 19th at 1:30 PM.
TERMS OF SALE. A deposit of ONE HUNDRED THOUSAND AND 00/100 DOLLARS ($100,000) shall be required to be paid by the highest bidder to the Mortgagee for the Mortgaged Property. The deposit shall be made by certified check or bank cashier’s check (cash will NOT be accepted) at the time and place of the Sale as a non-refundable deposit (the “Initial Deposit”). The Initial Deposit shall be increased by an amount which, when added to the amount of the Initial Deposit, will equal to ten percent (10%) of the highest bid at the Sale (such increased amount being referred to as the “Final Deposit”), and which amount of the Final Deposit is required to be paid to the Mortgagee by federal funds wire transfer of immediately available funds within ten (10) calendar days after the date of the Sale. The Initial Deposit and the Final Deposit, as applicable, shall be at all times non-refundable. The balance of the amount of the highest bid for the Mortgaged Property is to be paid to the Mortgagee by federal funds wire transfer of immediately available funds in or within thirty (30) calendar days after the date of the Sale, WITH TIME BEING OF THE ESSENCE. The highest bidder shall be required to execute a sales agreement at the Sale containing the terms set forth herein and any additional terms set forth in the sales agreement or announced at the Sale.