SUMMARY TERMS: A cash deposit or certified check made payable to the Trustees in the amount of $25,000 will be required of the purchaser at the time and place of sale. The purchaser is required to increase its deposit to 10% of the bid price within three (3) business days of the sale.
Property will be sold in an “AS IS/WHERE IS” condition without any representations or express or implied warranties of any nature whatsoever. In particular, neither the Trustees nor the Lender make any representation or warranty with respect to: (1) the existence, validity, scope, or nature of any zoning, land use, development, site plans, occupancy or other governmental permits or approvals with respect to the Property; (2) fitness for any particular purpose or use, including the structural integrity of any improvements on the Property; (3) flood zone designations of the Property; (4) compliance of the Property with any zoning or building laws, regulations and ordinances; (5) ingress, egress or access to the Property or any portion thereof; (6) the rights of any parties in possession, or the existence, validity, terms or conditions of any lease of all or any portion of the Property; (7) the existence of any security deposits or rental payments; (8) compliance of the Property with the Americans with Disabilities Act; or (9) the condition of the Property, of any nature whatsoever, including any prior or current environmental contamination or the presence or absence of any hazardous materials on or in the Property.
The Property shall be sold subject to: (1) any easements, restrictions, declarations, site plans, and restrictive covenants of record affecting the same that are senior in priority to the DOT being foreclosed; (2) any and all disclosures and conditions on any plats of record affecting all or any portion of the Property; (3) any encroachments, overlaps, boundary line disputes and other matters which could be disclosed by an accurate survey of the Property; (4) any matters which would be disclosed by a physical inspection of the Property; (5) any environmental conditions, problems and/or violations, that may exist on or relate to the Property or any improvements thereon; (6) any and all zoning laws, regulations, PUD overlays, and ordinances or governmental permits or approvals affecting the Property (including without limitation any housing or building code violations, the existence of any lead paint, asbestos or radon or any other hazardous or toxic substances); (7) any and all existing senior liens and encumbrances, including but not limited to any prior mortgages, easements, conditions, restrictions, rights of redemption, and covenants that may affect the Property; and (8) any leases that may exist with respect to all or any portion of the Property.
PLEASE READ THE LEGAL ADVERTISEMENT FOR COMPLETE TERMS AND CONDITIONS.
PNA Legal Ad for Listing
