For Additional Information Please Register

Call the Certified Real Estate, United Country’s #1 Auction Company Nationwide, 1-800-711-9175 or get the full details online at www.CertifiedLandAuction.com

Bank owned property; 10,300 sq ft building + 2,146 sqft porch and decks
Current use is a Beach Front Motel; Zoned medium density residential
Site contains 32,500 sq ft. w/ ample parking for 30 autos
495 feet of road frontage on 1st, 2nd and G Street
29 Rooms and Office with Manager's Apt.

Bank Letter of Guarantee:
BANK LETTERHEAD
CUSTOMER NAME, CONTACT INFORMATION
As a customer of our bank, we will guarantee payment of checks drawn on account #__________
Not to exceed the aggregate amount of $_____________________ for the purchase of July 10, 2010 Cedar Key Waterfront Motel property. BANKER NAME, CONTACT INFORMATION

AD VALOREM TAXES
The 2010 Ad Valorem taxes will be prorated between Seller and Purchaser as of the day of closing.

POSSESSION
Possession of the real estate will be granted to the purchaser at closing.

INDIVIDUAL PURCHASES
Individual purchases are to be considered as a single transaction not contingent upon acceptance of any other bids by the Seller. Auctioneer has the right to sell this Property in any form or fashion that is legal and ethical in order to produce the best offer to the Seller.

REPRESENTATION
Purchaser and Seller acknowledge and agree that the only Broker/Auctioneer involved in this transaction is Certified Real Estate, H. Myers Jackson, Real Estate Broker and that the Broker/Auctioneer has acted as agent for the Seller. United Country Certified Real Estate, H. Myers Jackson; Real Estate Broker has not acted as agent in this transaction for the Purchaser. The Purchaser acknowledges that United Country: Certified Real Estate, LLC, is being paid by the Seller, Pursuant to Rule 2-13.003(2), Florida Administrative Code.

IMPORTANT NOTICE: FLORIDA LAW REQUIRES THAT REAL ESTATE LICENSEES PROVIDE THIS NOTICE TO POTENTIAL SELLERS AND BUYERS OF REAL ESTATE. You should not assume that any real estate broker or sales associate represents you unless you agree to engage a real estate licensee in an authorized brokerage relationship, either as a single agent or as a transaction broker or a non brokerage relationship. You are advised not to disclose any information you want to be held in confidence until you make a decision on representation.

RADON GAS
Notice to Prospective Purchasers: Radon is a naturally occurring gas that when it has accumulated in a building in sufficient quantities may present health risk to persons who are exposed to it over time. Levels of Radon that exceed Federal and State guidelines have been found in buildings in Florida. Additional information regarding radon and radon testing may be obtained from your County Public Health Unit. Pursuant to 404-056(8), Florida Statutes.

TERMS OF REAL ESTATE
Upon bid closing the highest bidder and secondary bidder (back-up bidder) will be notified and are required to IMMEDIATELY pay the funds required for deposit equivalent to 10% of the contract price; by check - accompanied by a bank letter of guarantee, wire transfer, cash or cashier’s check. A 10% Buyer's Premium will be added to the bid price to obtain the contract price. The following example is for illustration purposes only.
Buyer' Premium Example:
Bid Price: $100,000
Plus 10% Buyer's Premium: $10,000
Total Contract Price: $110,000 Deposit: $16,500

PLEASE NOTE: FURTHER TERMS & CONDITIONS WILL BE UPDATED

Call in bids will be accepted contingent on approval, prior registration, proof of funds and required documentation.