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7715 E. 111th Street S, Suite 114 Tulsa, OK 74133 877.895.7077 office | 918.895.7076 fax ameribid.com/oie

Old Iron Estate ~ Magnificent 22.8± Acre Gated Property with Exquisite Features Real Estate Auction in Bedford Corners, New York

© 2013 AmeriBid LLC

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7715 E. 111th Street S, Suite 114 Tulsa, OK 74133 877.895.7077 office | 918.895.7076 fax ameribid.com/oie

Dear Prospective Buyer: Thank you for inquiring about another incredible commercial real estate investment opportunity from AmeriBid LLC. We have prepared the enclosed Property Information Package in an effort to assist you in your due diligence prior to the auction. We hope that the enclosed information is useful, resourceful, and valuable while you develop your bidding strategy for this property. As with any auction, prior to bidding, it is important that you read all of the available property information, you do your own research, and that you thoroughly understand the terms and conditions of the auction. Each auction can have its own set of terms depending upon the type of auction being conducted. We also encourage you to attend one of the scheduled property inspections. The Summary page of this package details the property inspection dates and times. If at any time you have a question about this property and/or the auction process, please call John Pellow at 918.895.7677. Our objective is to help you answer all of your questions prior to the auction. Good luck at the auction!

Stephen Karbelk, CAI, AARE Co-Chairman AmeriBid LLC

Š 2013 AmeriBid LLC

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7715 E. 111th Street S, Suite 114 Tulsa, OK 74133 877.895.7077 office | 918.895.7076 fax ameribid.com/oie

CONTENTS 

Auction Summary

Photo Gallery

Title Report

Site & Floor Plans

Tax Information

Parcel History

Maps

Area Demographics

Sample Purchase and Sale Agreement

Broker Registration

About AmeriBid LLC

© 2013 AmeriBid LLC

Proprietary & Confidential


7715 E. 111th Street S, Suite 114 Tulsa, OK 74133 877.895.7077 office | 918.895.7076 fax ameribid.com/oie

Auction Summary

© 2013 AmeriBid LLC ALL INFORMATION DEEMED RELIABLE, BUT NOT GUARANTEED. PLEASE READ COMPLETE TERMS OF SALE PRIOR TO PURCHASE.

Proprietary & Confidential


7715 E. 111th Street S, Suite 114 Tulsa, OK 74133 877.895.7077 office | 918.895.7076 fax ameribid.com/oie

Old Iron Estate ~ Magnificent 22.8± Acre Gated Property with Exquisite Features Real Estate Auction in Bedford Corners, New York Property Location:

23 Hollow Ridge Road Bedford Corners, NY 10549

Live On-Site Auction: Thursday, June 13th 1:00 PM Property Inspections: May 16th, 4-8pm May17th, 10am-2pm June 7th, 4-8pm June 8th, 10am-4pm June 12th, 4-8pm June 13th, 9am-1pm Description: Collectors and gardeners take note! Old Iron Estate, an exquisite 22.8± ac gated estate in Bedford Corners, New York, will be auctioned on June 13, 2013. Online bidding will be available. Less than an hour from the center of music, film, theater, dance, and visual art, sits this luxury home with high ceilings, custom crown moldings, grand scale windows, and an airy interior ready to highlight your display of original art. Classic and refined elegance is the essence of this estate. This brick executive home is ready for today’s modern, busy family and made for entertaining both outdoor and in. Everyone will enjoy the 5 bedrooms and 5.5 baths, huge closets and unique play space for children. It was built with the finest materials including copper & cast iron pipes and foam insulation. Other features include 5 fireplaces, a multiple zone HVAC system, and a sprinkler system. A marble grand entrance hall takes you into this lavish yet traditional home. Spectacular chandeliers and hardwood floors sweep you into the heart of the home’s sunken family room and richly appointed parlor/bar-room. The parlor features a full size bar, copper countertop, built in wine rack, dual flatscreen TV’s, hand-made cabinetry and a custom tray ceiling with a copper infused design. The master suite features a large walk-in closet with multiple built in shelves, huge tub, dual vanities, separate shower, and fireplace. A top-of-the-line chef’s kitchen with commercial grade Viking appliances is just steps away from raised garden beds. Overlooking the covered outdoor dining area; they make a perfect place to grow your very own fresh fruits, vegetables and herbs while an oversized garden shed provides convenient storage for tools and equipment.

© 2013 AmeriBid LLC ALL INFORMATION DEEMED RELIABLE, BUT NOT GUARANTEED. PLEASE READ COMPLETE TERMS OF SALE PRIOR TO PURCHASE.

Proprietary & Confidential


7715 E. 111th Street S, Suite 114 Tulsa, OK 74133 877.895.7077 office | 918.895.7076 fax ameribid.com/oie

Elegant outdoor entertaining is a must! The in-ground pool & spa is surrounded by an expansive brick inlay patio. The pool house features both an indoor top-of-the-line kitchen and an outdoor stainless steel kitchen, 2 full bathrooms, and a pool table. All of this combined with a bocce court, children’s playground, and professionally manicured landscaping with ball field size yards make for an exciting get together. Private walking and riding trails wind throughout the woods of the estate. Cars and motorcycles will be well kept, even pampered, in the garage and carriage house, which features zoned climate control, a hydraulic lift, above-ground workspace & enough aboveground and below-ground parking to accommodate 16± vehicles. Make the carriage house your onsite retreat as it comes complete with an office/studio, full kitchen, and full bath. The property is conveniently located just 45 minutes from LaGuardia International Airport, 3.5 miles from Mt. Kisco Train Station & Northern Westchester Medical Center, and 5 miles from major highways. With plenty of community activities, an excellent public school system and many private school options nearby, including Rippowam Cisqua Elementary & Kennedy Catholic High School, Bedford Corners is a great place for raising a family. It is also near enough to The Big Apple to enjoy all its amenities including fabulous restaurants, Broadway shows, famous museums, and an eclectic mix of culture. Described as luxury living at its finest and with too many features to list, you must come and see this Westchester County estate for yourself! You definitely don’t want to miss the opportunity to make it your own! Directions: From Highway 684, take the Armonk Bedford Road exit towards Armonk (Rt. 22). Turn right on Main Street (Rt. 128) and continue past Wampus Lake. Turn right onto Hollow Ridge Road. The property will be on the left. Summary of Terms: 10% Buyer’s Premium applies to this sale. No representations or warranties, expressed, written or implied by the Seller or Auctioneer. All property is being sold “AS-IS, WHERE-IS”. Bidders attending the auction live must bring $100,000 in Certified Funds. Any bidders participating through the online bidding platform must wire $100,000 into AmeriBid Trust Account prior to Tuesday, June 11 th, 2013 at 12:00pm ET. The recognized high bidder is required to make a 10% deposit at execution of contract immediately following the auction. Certified and Wired Funds of all non-winning bidders are returned immediately after the conclusion of the auction. The remaining balance is due from the winning bidder and closing within 30-days. 2.5% Broker participation offered. Complete terms and conditions will be provided prior to auction day. For more information, please contact Fernando Palacios at (301) 996-5190. David Fiegel, NY Broker #10491202208. In cooperation with Blackbird Asset Services.

© 2013 AmeriBid LLC ALL INFORMATION DEEMED RELIABLE, BUT NOT GUARANTEED. PLEASE READ COMPLETE TERMS OF SALE PRIOR TO PURCHASE.

Proprietary & Confidential


7715 E. 111th Street S, Suite 114 Tulsa, OK 74133 877.895.7077 office | 918.895.7076 fax ameribid.com/oie

Photo Gallery

© 2013 AmeriBid LLC ALL INFORMATION DEEMED RELIABLE, BUT NOT GUARANTEED. PLEASE READ COMPLETE TERMS OF SALE PRIOR TO PURCHASE.

Proprietary & Confidential


7715 E. 111th Street S, Suite 114 Tulsa, OK 74133 877.895.7077 office | 918.895.7076 fax ameribid.com/oie

© 2013 AmeriBid LLC ALL INFORMATION DEEMED RELIABLE, BUT NOT GUARANTEED. PLEASE READ COMPLETE TERMS OF SALE PRIOR TO PURCHASE.

Proprietary & Confidential


7715 E. 111th Street S, Suite 114 Tulsa, OK 74133 877.895.7077 office | 918.895.7076 fax ameribid.com/oie

© 2013 AmeriBid LLC ALL INFORMATION DEEMED RELIABLE, BUT NOT GUARANTEED. PLEASE READ COMPLETE TERMS OF SALE PRIOR TO PURCHASE.

Proprietary & Confidential


7715 E. 111th Street S, Suite 114 Tulsa, OK 74133 877.895.7077 office | 918.895.7076 fax ameribid.com/oie

© 2013 AmeriBid LLC ALL INFORMATION DEEMED RELIABLE, BUT NOT GUARANTEED. PLEASE READ COMPLETE TERMS OF SALE PRIOR TO PURCHASE.

Proprietary & Confidential


7715 E. 111th Street S, Suite 114 Tulsa, OK 74133 877.895.7077 office | 918.895.7076 fax ameribid.com/oie

Title Report

© 2013 AmeriBid LLC ALL INFORMATION DEEMED RELIABLE, BUT NOT GUARANTEED. PLEASE READ COMPLETE TERMS OF SALE PRIOR TO PURCHASE.

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Title Number

FLTSS-31795

Freedom Land Title Agency LLC 999 Walt Whitman Road - Suite 201 Melville, New York 11747 Phone (631) 423-1300 Fax (631) 423-1313 Phone (914) 250-9600 Fax (914) 462-3385 DATE:

May 14, 2013

CERTIFIES TO:

RANDY LIGON

TITLE NUMBER:

FLTSS-31795

PREMISES:

23 HOLLOW RIDGE ROAD, BEDFORD HILLS, NEW YORK 10507

COUNTY:

WESTCHESTER

TAX ID:

SECTION 101.15; BLOCK 2; LOT 1.11

In Connection with the above, please be advised that a last deed, judgment, lien, UCC and bankruptcy search of the records of the County WESTCHESTER of as of 4/29/2013 disclosed the following: LAST DEED OF RECORD GRANTEE (record owner): GRANTOR: DATED: RECORDED: CONTROL NO.:

Dominick Ferrovecchio and Carol A. Ferrovecchio, husband and wife Frank Ferrovecchio and Dominick Ferrovecchio October 17, 2002 December 9, 2003 423231033

MORTGAGE SCHEDULE (CREDIT LINE MORTGAGES) Dominick Ferrovecchio and Carol Ferrovecchio to Webster Bank

Amount: Dated: Recorded: Control No.:

$1,350,000.00 February 25, 2003 August 1, 2003 432050761

Dominick Ferrovecchio and Carol Ferrovecchio to Union Federal Mortgage Corp.

Amount: Dated: Recorded: Control No.:

$500,000.00 March 25, 2003 June 27, 2008 481710049**

**As assigned by Assignment of Mortgage filed under Control No. 481710057 and 48210314 and now held of record by JPMorgan Chase Bank. JUDGMENTS AND LIENS Donminick and Carol A. Ferrovecchio have been run for judgments, liens and bankruptcy filings and nothing has been found of record.


COVENANTS, RESTRICTIONS, EASEMENTS AND AGREEMENTS

a) Notes and Easements on filed map number 27012. b) Temporary Work Easement Agreement filed under Control No. 410410309. c) Stormwater Easement filed under Control No. 422530317. d) Water Installation Agreement filed under Control No. 522530323. e) Street Maintenance Agreement filed under Control No. 422530342. f) Drainage Agreement filed under Control No. 422530353. g) Pedestrian Trail Easement filed under Control No. 422530376. h) Sight Easement filed under Control No. 422530401. i) Water Easement filed under Control No. 422530477 j) Street Dedication filed under Control No. 42230967. k) Declaration of Homeowners Association filed under Control No. 433170309.

Schedule A (description) attached. We trust this information is sufficient, however if there are any questions, please do not hesitate to contact us. The underlying liability for the above information is limited to $1,000.00.

Freedom Land Title Agency LLC Enclosures The information contained herein has been compiled from sources and by persons deemed reliable, the accuracy of which is in no way guaranteed.


SCHEDULE ‘A’ (DESCRIPTION) ALL that certain plot, piece or parcel of land, situate, lying and being in the Town of New Castle, County of Westchester and State of New York, and being lot 11 as shown on map entitled, “Subdivision prepared for Dominick and Frank Ferrovecchio, etc.”, as filed in the Office of the Clerk of the County of Westchester, Division of Land Records on July 19, 2002 as map number 27012.


Freedom Land Title Agency LLC 999 Walt Whitman Road - Suite 201 Melville, New York 11747 Phone (631) 423-1300 Fax (631) 4231313 (914)250-9600 (914)462-3385

Date:

5/14/2013

Title Number:

FLTSS-31795

Premises:

23 HOLLOW RIDGE ROAD, BEDFORD HILLS, NY 10507

County:

WESTCHESTER

BANKRUPTCY SEARCH Name of individual, corporation or business: Owner(s) / Seller(s) Dominick Ferrovecchio Carol A. Ferrovecchio

Purchaser(s)

A search of the records of the United States Bankruptcy Court has been made with the following results: (X)

There is no record of a bankruptcy filing for the above mentioned individual, corporation or business. The following office has been checked: U.S. Bankruptcy Court Southern District

()

The following information is on file:

Freedom Land Title Agency LLC does hereby certify that the records of the United States Bankruptcy Court were examined. Liabilities limited to errors and omissions of information properly indexed, filed and recorded with the United States Bankruptcy Court. This Search does not include filings in arrears other than the United States Bankruptcy Court for the district where the premises under examination are located. This search is submitted for informational purposes only.


7715 E. 111th Street S, Suite 114 Tulsa, OK 74133 877.895.7077 office | 918.895.7076 fax ameribid.com/oie

Site & Floor Plans

© 2013 AmeriBid LLC ALL INFORMATION DEEMED RELIABLE, BUT NOT GUARANTEED. PLEASE READ COMPLETE TERMS OF SALE PRIOR TO PURCHASE.

Proprietary & Confidential


7715 E. 111th Street S, Suite 114 Tulsa, OK 74133 877.895.7077 office | 918.895.7076 fax ameribid.com/oie

Tax Information

© 2013 AmeriBid LLC ALL INFORMATION DEEMED RELIABLE, BUT NOT GUARANTEED. PLEASE READ COMPLETE TERMS OF SALE PRIOR TO PURCHASE.

Proprietary & Confidential


7715 E. 111th Street S, Suite 114 Tulsa, OK 74133 877.895.7077 office | 918.895.7076 fax ameribid.com/oie

Parcel History

© 2013 AmeriBid LLC ALL INFORMATION DEEMED RELIABLE, BUT NOT GUARANTEED. PLEASE READ COMPLETE TERMS OF SALE PRIOR TO PURCHASE.

Proprietary & Confidential


7715 E. 111th Street S, Suite 114 Tulsa, OK 74133 877.895.7077 office | 918.895.7076 fax ameribid.com/oie

Maps

© 2013 AmeriBid LLC ALL INFORMATION DEEMED RELIABLE, BUT NOT GUARANTEED. PLEASE READ COMPLETE TERMS OF SALE PRIOR TO PURCHASE.

Proprietary & Confidential


7715 E. 111th Street S, Suite 114 Tulsa, OK 74133 877.895.7077 office | 918.895.7076 fax ameribid.com/oie

© 2013 AmeriBid LLC ALL INFORMATION DEEMED RELIABLE, BUT NOT GUARANTEED. PLEASE READ COMPLETE TERMS OF SALE PRIOR TO PURCHASE.

Proprietary & Confidential


7715 E. 111th Street S, Suite 114 Tulsa, OK 74133 877.895.7077 office | 918.895.7076 fax ameribid.com/oie

© 2013 AmeriBid LLC ALL INFORMATION DEEMED RELIABLE, BUT NOT GUARANTEED. PLEASE READ COMPLETE TERMS OF SALE PRIOR TO PURCHASE.

Proprietary & Confidential


7715 E. 111th Street S, Suite 114 Tulsa, OK 74133 877.895.7077 office | 918.895.7076 fax ameribid.com/oie

Area Demographics

© 2013 AmeriBid LLC ALL INFORMATION DEEMED RELIABLE, BUT NOT GUARANTEED. PLEASE READ COMPLETE TERMS OF SALE PRIOR TO PURCHASE.

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Site Map Bedford Corners, NY 23 Hollow Ridge Rd, Mount Kisco, NY, 10549 Ring: 5, 10, 15 Miles

Latitude: 41.154381 Longitude: -73.7251

May 14, 2013 Š2013 Esri


Census 2010 Summary Profile Bedford Corners, NY 23 Hollow Ridge Rd, Mount Kisco, NY, 10549, Ring: 10 mile radius

Latitude: 41.154380563 Longitude: -73.72510005 2010 325,857 115,006 122,220

2000-2010 Annual Rate 0.40% 0.42% 0.70%

Number 325,857 316,899 246,293 28,300 1,054 18,797 93 22,362 8,958

Percent 100.0% 97.3% 75.6% 8.7% 0.3% 5.8% 0.0% 6.9% 2.7%

59,132

18.1%

Population by Sex Male Female

158,707 167,150

48.7% 51.3%

Population by Age Total Age 0 - 4 Age 5 - 9 Age 10 - 14 Age 15 - 19 Age 20 - 24 Age 25 - 29 Age 30 - 34 Age 35 - 39 Age 40 - 44 Age 45 - 49 Age 50 - 54 Age 55 - 59 Age 60 - 64 Age 65 - 69 Age 70 - 74 Age 75 - 79 Age 80 - 84 Age 85+

325,857 18,314 21,684 23,007 23,052 17,748 16,974 17,618 20,645 24,964 27,378 26,375 22,293 18,598 13,671 10,179 8,633 7,344 7,381

100.0% 5.6% 6.7% 7.1% 7.1% 5.4% 5.2% 5.4% 6.3% 7.7% 8.4% 8.1% 6.8% 5.7% 4.2% 3.1% 2.6% 2.3% 2.3%

247,912 47,208

76.1% 14.5%

Population Households Housing Units

2000 312,966 110,314 114,041

Population by Race Total Population Reporting One Race White Black American Indian Asian Pacific Islander Some Other Race Population Reporting Two or More Races Total Hispanic Population

Age 18+ Age 65+ Median Age by Sex and Race/Hispanic Origin Total Population Male Female White Alone Black Alone American Indian Alone Asian Alone Pacific Islander Alone Some Other Race Alone Two or More Races Hispanic Population

40.8 39.2 42.1 43.4 39.2 29.2 36.7 31.0 29.4 23.1 30.6

Data Note: Hispanic population can be of any race. Census 2010 medians are computed from reported data distributions. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri converted Census 2000 data into 2010 geography.

May 14, 2013 Š2013 Esri

Page 5 of 12


Census 2010 Summary Profile Bedford Corners, NY 23 Hollow Ridge Rd, Mount Kisco, NY, 10549, Ring: 10 mile radius Households by Type Total Households with 1 Person Households with 2+ People Family Households Husband-wife Families With Own Children Other Family (No Spouse Present) With Own Children Nonfamily Households All Households with Children Multigenerational Households Unmarried Partner Households Male-female Same-sex Average Household Size

Latitude: 41.154380563 Longitude: -73.72510005 115,006 28,222 86,784 81,101 65,928 32,156 15,174 6,833 5,683

100.0% 24.5% 75.5% 70.5% 57.3% 28.0% 13.2% 5.9% 4.9%

41,340 3,899 5,099 4,195 904 2.69

35.9% 3.4% 4.4% 3.6% 0.8%

Family Households by Size Total

81,102

100.0%

2 People

30,398

37.5%

3 People

18,466

22.8%

4 People

18,750

23.1%

5 People

8,600

10.6%

6 People

3,001

3.7%

7+ People

1,887

2.3%

Average Family Size Nonfamily Households by Size Total 1 Person 2 People 3 People 4 People 5 People 6 People 7+ People Average Nonfamily Size Population by Relationship and Household Type Total In Households In Family Households Householder Spouse Child Other relative Nonrelative In Nonfamily Households In Group Quarters Institutionalized Population Noninstitutionalized Population

3.20

33,904 28,222 4,586 557 300 114 63 62 1.23

100.0% 83.2% 13.5% 1.6% 0.9% 0.3% 0.2% 0.2%

325,857 309,486 267,726 81,189 66,001 98,967 13,667 7,901 41,759 16,371 7,328 9,044

100.0% 95.0% 82.2% 24.9% 20.3% 30.4% 4.2% 2.4% 12.8% 5.0% 2.2% 2.8%

Data Note: Households with children include any households with people under age 18, related or not. Multigenerational households are families with 3 or more parent-child relationships. Unmarried partner households are usually classified as nonfamily households unless there is another member of the household related to the householder. Multigenerational and unmarried partner households are reported only to the tract level. Esri estimated block group data, which is used to estimate polygons or non-standard geography. Average family size excludes nonrelatives. Source: U.S. Census Bureau, Census 2010 Summary File 1.

May 14, 2013 Š2013 Esri

Page 6 of 12


Census 2010 Summary Profile Bedford Corners, NY 23 Hollow Ridge Rd, Mount Kisco, NY, 10549, Ring: 10 mile radius

Latitude: 41.154380563 Longitude: -73.72510005

Family Households by Age of Householder Total Householder Age 15 - 44 Householder Age 45 - 54 Householder Age 55 - 64 Householder Age 65 - 74 Householder Age 75+

81,102 25,710 22,597 16,688 9,212 6,895

100.0% 31.7% 27.9% 20.6% 11.4% 8.5%

Nonfamily Households by Age of Householder Total Householder Age 15 - 44 Householder Age 45 - 54 Householder Age 55 - 64 Householder Age 65 - 74 Householder Age 75+

33,904 9,295 5,629 6,307 5,109 7,564

100.0% 27.4% 16.6% 18.6% 15.1% 22.3%

115,006 91,917 9,380 267 6,039 23 5,282 2,098 15,019

100.0% 79.9% 8.2% 0.2% 5.3% 0.0% 4.6% 1.8% 13.1%

Husband-wife Families by Race of Householder Total Householder is White Alone Householder is Black Alone Householder is American Indian Alone Householder is Asian Alone Householder is Pacific Islander Alone Householder is Some Other Race Alone Householder is Two or More Races Husband-wife Families with Hispanic Householder

65,928 54,592 3,198 121 4,220 12 2,751 1,034 7,815

100.0% 82.8% 4.9% 0.2% 6.4% 0.0% 4.2% 1.6% 11.9%

Other Families (No Spouse) by Race of Householder Total Householder is White Alone Householder is Black Alone Householder is American Indian Alone Householder is Asian Alone Householder is Pacific Islander Alone Householder is Some Other Race Alone Householder is Two or More Races Other Families with Hispanic Householder

15,174 9,723 2,760 89 462 4 1,627 509 4,138

100.0% 64.1% 18.2% 0.6% 3.0% 0.0% 10.7% 3.4% 27.3%

Nonfamily Households by Race of Householder Total Householder is White Alone Householder is Black Alone Householder is American Indian Alone Householder is Asian Alone Householder is Pacific Islander Alone Householder is Some Other Race Alone Householder is Two or More Races Nonfamily Households with Hispanic Householder

33,906 27,602 3,422 58 1,357 8 903 556 3,066

100.0% 81.4% 10.1% 0.2% 4.0% 0.0% 2.7% 1.6% 9.0%

Households by Race of Householder Total Householder is White Alone Householder is Black Alone Householder is American Indian Alone Householder is Asian Alone Householder is Pacific Islander Alone Householder is Some Other Race Alone Householder is Two or More Races Households with Hispanic Householder

Source: U.S. Census Bureau, Census 2010 Summary File 1.

May 14, 2013 Š2013 Esri

Page 7 of 12


Census 2010 Summary Profile Bedford Corners, NY 23 Hollow Ridge Rd, Mount Kisco, NY, 10549, Ring: 10 mile radius Total Housing Units by Occupancy Total Occupied Housing Units Vacant Housing Units For Rent Rented, not Occupied For Sale Only Sold, not Occupied For Seasonal/Recreational/Occasional Use For Migrant Workers Other Vacant Total Vacancy Rate

Latitude: 41.154380563 Longitude: -73.72510005 122,233 115,006

100.0% 94.1%

1,850 144 1,318 303 1,701 0 1,911 5.9%

1.5% 0.1% 1.1% 0.2% 1.4% 0.0% 1.6%

115,006 81,216 57,751 23,465 2.77 33,790 2.50

100.0% 70.6% 50.2% 20.4%

Owner-occupied Housing Units by Race of Householder Total Householder is White Alone Householder is Black Alone Householder is American Indian Alone Householder is Asian Alone Householder is Pacific Islander Alone Householder is Some Other Race Alone Householder is Two or More Races Owner-occupied Housing Units with Hispanic Householder

81,217 70,687 4,370 82 3,896 12 1,292 878 5,070

100.0% 87.0% 5.4% 0.1% 4.8% 0.0% 1.6% 1.1% 6.2%

Renter-occupied Housing Units by Race of Householder Total Householder is White Alone Householder is Black Alone Householder is American Indian Alone Householder is Asian Alone Householder is Pacific Islander Alone Householder is Some Other Race Alone Householder is Two or More Races Renter-occupied Housing Units with Hispanic Householder

33,791 21,230 5,010 186 2,143 11 3,990 1,221 9,949

100.0% 62.8% 14.8% 0.6% 6.3% 0.0% 11.8% 3.6% 29.4%

Households by Tenure and Mortgage Status Total Owner Occupied Owned with a Mortgage/Loan Owned Free and Clear Average Household Size Renter Occupied Average Household Size

Average Household Size by Race/Hispanic Origin of Householder Householder is White Alone Householder is Black Alone Householder is American Indian Alone Householder is Asian Alone Householder is Pacific Islander Alone Householder is Some Other Race Alone Householder is Two or More Races Householder is Hispanic

29.4%

2.61 2.49 3.71 2.85 2.87 4.04 3.31 3.65

Source: U.S. Census Bureau, Census 2010 Summary File 1.

May 14, 2013 Š2013 Esri

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Executive Summary Bedford Corners, NY 23 Hollow Ridge Rd, Mount Kisco, NY, 10549, Ring: 15 mile radius

Latitude: 41.154380563 Longitude: -73.72510005 5 miles

10 miles

15 miles

Median Household Income 2012 Median Household Income 2017 Median Household Income 2012-2017 Annual Rate Average Household Income

$137,055 $146,372 1.32%

$102,437 $110,159 1.46%

$97,793 $105,692 1.57%

2012 Average Household Income 2017 Average Household Income 2012-2017 Annual Rate Per Capita Income

$165,702 $196,604 3.48%

$136,382 $161,743 3.47%

$129,743 $153,020 3.36%

$56,497 $66,957 3.46%

$49,711 $58,790 3.41%

$47,699 $56,119 3.30%

2012 Per Capita Income 2017 Per Capita Income 2012-2017 Annual Rate Households by Income

Current median household income is $97,793 in the area, compared to $50,157 for all U.S. households. Median household income is projected to be $105,692 in five years, compared to $56,895 for all U.S. households Current average household income is $129,743 in this area, compared to $68,162 for all U.S households. Average household income is projected to be $153,020 in five years, compared to $77,137 for all U.S. households Current per capita income is $47,699 in the area, compared to the U.S. per capita income of $26,409. The per capita income is projected to be $56,119 in five years, compared to $29,882 for all U.S. households Housing 2000 Total Housing Units 2000 Owner Occupied Housing Units 2000 Owner Occupied Housing Units 2000 Vacant Housing Units 2010 Total Housing Units 2010 Owner Occupied Housing Units 2010 Renter Occupied Housing Units 2010 Vacant Housing Units 2012 Total Housing Units 2012 Owner Occupied Housing Units 2012 Renter Occupied Housing Units 2012 Vacant Housing Units 2017 Total Housing Units 2017 Owner Occupied Housing Units 2017 Renter Occupied Housing Units 2017 Vacant Housing Units

21,588 17,180 3,874 534 22,684 17,638 3,966 1,080 22,807 17,507 4,204 1,096 23,176 18,058 4,092 1,026

114,041 77,657 32,657 3,727 122,220 81,216 33,790 7,214 122,822 80,274 35,029 7,520 124,774 82,995 34,407 7,372

356,534 241,767 103,024 11,743 378,795 249,802 106,922 22,071 381,467 247,961 110,920 22,587 388,698 256,467 110,176 22,055

Currently, 65.0% of the 381,467 housing units in the area are owner occupied; 29.1%, renter occupied; and 5.9% are vacant. Currently, in the U.S., 56.5% of the housing units in the area are owner occupied; 32.1% are renter occupied; and 11.4% are vacant. In 2010, there were 378,795 housing units in the area - 65.9% owner occupied, 28.2% renter occupied, and 5.8% vacant. The annual rate of change in housing units since 2010 is 0.31%. Median home value in the area is $494,837, compared to a median home value of $167,749 for the U.S. In five years, median value is projected to change by 2.01% annually to $546,686.

Data Note: Income is expressed in current dollars Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2012 and 2017. Esri converted Census 2000 data into 2010 geography.

May 14, 2013 Š2013 Esri

Page 2 of 2


Demographic and Income Profile Bedford Corners, NY 23 Hollow Ridge Rd, Mount Kisco, NY, 10549, Ring: 10 mile radius Summary

Latitude: 41.154380563 Longitude: -73.72510005

Census 2010

2012

2017

Population

325,857

326,638

332,104

Households

115,006

115,302

117,402

81,101

80,965

81,925

2.69

2.69

2.69

Owner Occupied Housing Units

81,216

80,274

82,995

Renter Occupied Housing Units

33,790

35,029

34,407

40.8

41.1

41.5

Area 0.33% 0.36% 0.24% 0.67% 1.46%

State 0.35% 0.44% 0.30% 0.80% 3.18%

National 0.68% 0.74% 0.72% 0.91% 2.55% 2017

Families Average Household Size

Median Age Trends: 2012 - 2017 Annual Rate Population Households Families Owner HHs Median Household Income

2012 Households by Income

Number

Percent

Number

Percent

<$15,000

5,759

5.0%

5,125

4.4%

$15,000 - $24,999

6,151

5.3%

4,400

3.7%

$25,000 - $34,999

6,603

5.7%

4,801

4.1%

$35,000 - $49,999

9,830

8.5%

8,209

7.0%

$50,000 - $74,999

16,202

14.1%

15,249

13.0%

$75,000 - $99,999

11,732

10.2%

15,141

12.9%

$100,000 - $149,999

19,324

16.8%

20,964

17.9%

$150,000 - $199,999

12,465

10.8%

14,731

12.5%

$200,000+

27,236

23.6%

28,781

24.5%

Median Household Income Average Household Income Per Capita Income

$102,437 $136,382 $49,711 Census 2010

Population by Age

$110,159 $161,743 $58,790 2012

2017

Number

Percent

Number

Percent

Number

Percent

0-4

18,314

5.6%

18,274

5.6%

18,521

5.6%

5-9

21,684

6.7%

21,580

6.6%

21,795

6.6%

10 - 14

23,007

7.1%

22,682

6.9%

23,201

7.0%

15 - 19

23,052

7.1%

22,162

6.8%

21,526

6.5%

20 - 24

17,748

5.4%

17,985

5.5%

17,009

5.1%

25 - 34

34,592

10.6%

35,179

10.8%

35,860

10.8%

35 - 44

45,609

14.0%

44,539

13.6%

43,910

13.2%

45 - 54

53,753

16.5%

52,254

16.0%

49,053

14.8%

55 - 64

40,891

12.5%

42,804

13.1%

45,280

13.6%

65 - 74

23,850

7.3%

25,491

7.8%

30,869

9.3%

75 - 84

15,977

4.9%

15,945

4.9%

16,858

5.1%

7,381

2.3%

7,745

2.4%

8,223

85+

Census 2010 Race and Ethnicity

2012

2.5% 2017

Number

Percent

Number

Percent

Number

Percent

White Alone

246,293

75.6%

244,522

74.9%

242,778

73.1%

Black Alone

28,300

8.7%

28,722

8.8%

29,833

9.0%

1,054

0.3%

1,078

0.3%

1,251

0.4%

18,797

5.8%

19,363

5.9%

21,174

6.4%

93

0.0%

96

0.0%

117

0.0%

22,362

6.9%

23,461

7.2%

26,492

8.0%

8,958

2.7%

9,396

2.9%

10,460

3.1%

59,132

18.1%

62,166

19.0%

71,372

21.5%

American Indian Alone Asian Alone Pacific Islander Alone Some Other Race Alone Two or More Races Hispanic Origin (Any Race)

Data Note: Income is expressed in current dollars. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2012 and 2017.

May 14, 2013

Š2013 Esri

Page 3 of 6


Demographic and Income Profile Bedford Corners, NY 23 Hollow Ridge Rd, Mount Kisco, NY, 10549, Ring: 10 mile radius

Latitude: 41.154380563 Longitude: -73.72510005

Trends 2012-2017

Annual Rate (in percent)

3 2.5 2 1.5 1 Area State USA

0.5 0

Population

Households

Families

Owner HHs

Median HH Income

Population by Age 16 14

Percent

12 10 8 6 4

2012 2017

2 0

0-4

5-9

10-14

15-19

20-24

2012 Household Income $50K - $74K 14.1%

25-34

35-44

45-54

55-64

65-74

75-84

85+

2012 Population by Race $35K - $49K 8.5%

70

$25K - $34K 5.7%

65 60

$15K - $24K 5.3%

$75K - $99K 10.2%

55

Percent

50 <$15K 5.0%

45 40 35 30 25 20

$100K - $149K 16.8%

15 $200K+ 23.6% $150K - $199K 10.8%

10 5 0

White

Black

Am. Ind.

Asian

Pacific

Other

Two+

2012 Percent Hispanic Origin: 19.0%

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2012 and 2017.

May 14, 2013

Š2013 Esri

Page 4 of 6


Market Profile Bedford Corners, NY 23 Hollow Ridge Rd, Mount Kisco, NY, 10549, Ring: 15 mile radius 2012 Households by Income Household Income Base <$15,000 $15,000 - $24,999 $25,000 - $34,999 $35,000 - $49,999 $50,000 - $74,999 $75,000 - $99,999 $100,000 - $149,999 $150,000 - $199,999 $200,000+ Average Household Income 2017 Households by Income Household Income Base <$15,000 $15,000 - $24,999 $25,000 - $34,999 $35,000 - $49,999 $50,000 - $74,999 $75,000 - $99,999 $100,000 - $149,999 $150,000 - $199,999 $200,000+ Average Household Income 2012 Owner Occupied Housing Units by Value Total <$50,000 $50,000 - $99,999 $100,000 - $149,999 $150,000 - $199,999 $200,000 - $249,999 $250,000 - $299,999 $300,000 - $399,999 $400,000 - $499,999 $500,000 - $749,999 $750,000 - $999,999 $1,000,000 + Average Home Value 2017 Owner Occupied Housing Units by Value Total <$50,000 $50,000 - $99,999 $100,000 - $149,999 $150,000 - $199,999 $200,000 - $249,999 $250,000 - $299,999 $300,000 - $399,999 $400,000 - $499,999 $500,000 - $749,999 $750,000 - $999,999 $1,000,000 + Average Home Value

Latitude: 41.154380563 Longitude: -73.72510005 5 miles

10 miles

15 miles

21,711 3.2% 4.0% 4.0% 6.2% 11.1% 9.1% 15.6% 12.8% 34.1% $165,702

115,301 5.0% 5.3% 5.7% 8.5% 14.1% 10.2% 16.8% 10.8% 23.6% $136,382

358,879 5.7% 5.5% 5.8% 8.6% 14.2% 10.8% 17.7% 10.7% 20.9% $129,743

22,150 2.7% 2.7% 2.7% 4.9% 10.4% 11.3% 16.2% 14.6% 34.6% $196,604

117,401 4.4% 3.7% 4.1% 7.0% 13.0% 12.9% 17.9% 12.5% 24.5% $161,743

366,642 5.1% 4.0% 4.2% 7.0% 12.8% 13.8% 18.9% 12.5% 21.7% $153,020

17,507 0.2% 1.1% 1.8% 4.0% 5.1% 4.1% 9.4% 11.1% 23.1% 14.6% 25.5% $706,737

80,273 0.2% 1.2% 1.9% 3.8% 4.7% 5.6% 13.1% 14.6% 25.1% 12.2% 17.6% $631,523

247,948 0.2% 1.6% 2.4% 3.9% 5.1% 6.3% 15.4% 15.8% 24.8% 10.2% 14.1% $586,466

18,058 0.0% 0.2% 0.7% 3.3% 4.5% 2.3% 5.1% 13.8% 24.3% 16.7% 29.1% $764,440

82,994 0.0% 0.3% 0.8% 3.3% 4.5% 3.6% 8.0% 18.5% 27.2% 13.9% 19.9% $678,713

256,454 0.0% 0.4% 1.2% 3.6% 5.1% 4.4% 10.2% 19.9% 27.2% 11.8% 16.0% $630,887

Data Note: Income represents the preceding year, expressed in current dollars. Household income includes wage and salary earnings, interest dividends, net rents, pensions, SSI and welfare payments, child support, and alimony. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2012 and 2017. Esri converted Census 2000 data into 2010 geography.

May 14, 2013 Š2013 Esri

Page 2 of 5


Market Profile Bedford Corners, NY 23 Hollow Ridge Rd, Mount Kisco, NY, 10549, Ring: 15 mile radius 2010 Population by Age Total 0-4 5-9 10 - 14 15 - 24 25 - 34 35 - 44 45 - 54 55 - 64 65 - 74 75 - 84 85 + 18 + 2012 Population by Age Total 0-4 5-9 10 - 14 15 - 24 25 - 34 35 - 44 45 - 54 55 - 64 65 - 74 75 - 84 85 + 18 + 2017 Population by Age Total 0-4 5-9 10 - 14 15 - 24 25 - 34 35 - 44 45 - 54 55 - 64 65 - 74 75 - 84 85 + 18 + 2010 Population by Sex Males Females 2012 Population by Sex Males Females 2017 Population by Sex Males Females

Latitude: 41.154380563 Longitude: -73.72510005 5 miles

10 miles

15 miles

63,963 5.6% 7.9% 8.9% 12.3% 7.4% 13.8% 18.1% 13.0% 7.0% 4.3% 1.7% 71.9%

325,857 5.6% 6.7% 7.1% 12.5% 10.6% 14.0% 16.5% 12.5% 7.3% 4.9% 2.3% 76.1%

989,118 5.8% 6.8% 7.2% 11.7% 10.7% 14.1% 16.4% 12.4% 7.4% 5.1% 2.4% 75.6%

64,269 5.6% 7.9% 8.8% 12.1% 7.6% 13.5% 17.5% 13.5% 7.5% 4.3% 1.8% 72.4%

326,640 5.6% 6.6% 6.9% 12.3% 10.8% 13.6% 16.0% 13.1% 7.8% 4.9% 2.4% 76.5%

994,113 5.8% 6.7% 7.1% 11.5% 10.9% 13.8% 15.9% 13.0% 7.9% 5.0% 2.5% 76.0%

65,473 5.6% 7.8% 8.8% 11.4% 7.7% 13.0% 16.1% 14.1% 9.0% 4.5% 1.9% 72.6%

332,105 5.6% 6.6% 7.0% 11.6% 10.8% 13.2% 14.8% 13.6% 9.3% 5.1% 2.5% 76.8%

1,015,576 5.8% 6.7% 7.1% 10.8% 10.9% 13.4% 14.7% 13.5% 9.4% 5.2% 2.6% 76.3%

31,857 32,104

158,707 167,150

481,030 508,090

32,129 32,140

159,576 167,062

485,024 509,089

32,829 32,642

162,519 169,585

496,477 519,098

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2012 and 2017. Esri converted Census 2000 data into 2010 geography.

May 14, 2013 Š2013 Esri

Page 3 of 5


Market Profile Bedford Corners, NY 23 Hollow Ridge Rd, Mount Kisco, NY, 10549, Ring: 15 mile radius 2010 Population by Race/Ethnicity Total White Alone Black Alone American Indian Alone Asian Alone Pacific Islander Alone Some Other Race Alone Two or More Races Hispanic Origin Diversity Index 2012 Population by Race/Ethnicity Total White Alone Black Alone American Indian Alone Asian Alone Pacific Islander Alone Some Other Race Alone Two or More Races Hispanic Origin Diversity Index 2017 Population by Race/Ethnicity Total White Alone Black Alone American Indian Alone Asian Alone Pacific Islander Alone Some Other Race Alone Two or More Races Hispanic Origin Diversity Index 2010 Population by Relationship and Household Type Total In Households In Family Households Householder Spouse Child Other relative Nonrelative In Nonfamily Households In Group Quarters Institutionalized Population Noninstitutionalized Population

Latitude: 41.154380563 Longitude: -73.72510005 5 miles

10 miles

15 miles

63,961 85.9% 2.5% 0.2% 5.4% 0.0% 4.0% 2.0% 11.0% 40.3

325,857 75.6% 8.7% 0.3% 5.8% 0.0% 6.9% 2.7% 18.1% 59.1

989,120 76.7% 7.5% 0.3% 6.4% 0.0% 6.3% 2.7% 17.3% 57.3

64,270 85.2% 2.6% 0.2% 5.6% 0.0% 4.3% 2.1% 11.8% 42.2

326,638 74.9% 8.8% 0.3% 5.9% 0.0% 7.2% 2.9% 19.0% 60.5

994,113 75.9% 7.7% 0.3% 6.6% 0.0% 6.7% 2.8% 18.3% 58.9

65,471 83.5% 2.8% 0.2% 6.1% 0.0% 5.1% 2.4% 14.0% 46.8

332,105 73.1% 9.0% 0.4% 6.4% 0.0% 8.0% 3.1% 21.5% 63.8

1,015,575 73.8% 8.0% 0.3% 7.2% 0.0% 7.5% 3.1% 20.7% 62.7

63,961 97.3% 88.4% 26.4% 22.7% 34.1% 3.1% 2.1% 9.0% 2.7% 1.0% 1.7%

325,857 95.0% 82.2% 24.9% 20.3% 30.4% 4.2% 2.4% 12.8% 5.0% 2.2% 2.8%

989,119 97.2% 84.2% 25.4% 20.5% 31.6% 4.3% 2.3% 13.0% 2.8% 1.3% 1.5%

Data Note: Persons of Hispanic Origin may be of any race. The Diversity Index measures the probability that two people from the same area will be from different race/ethnic groups. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2012 and 2017. Esri converted Census 2000 data into 2010 geography.

May 14, 2013 Š2013 Esri

Page 4 of 5


Market Profile Bedford Corners, NY 23 Hollow Ridge Rd, Mount Kisco, NY, 10549, Ring: 15 mile radius 2010 Households by Type Total Households with 1 Person Households with 2+ People Family Households Husband-wife Families With Related Children Other Family (No Spouse Present) Other Family with Male Householder With Related Children Other Family with Female Householder With Related Children Nonfamily Households All Households with Children Multigenerational Households Unmarried Partner Households Male-female Same-sex 2010 Households by Size Total 1 Person Household 2 Person Household 3 Person Household 4 Person Household 5 Person Household 6 Person Household 7 + Person Household 2010 Households by Tenure and Mortgage Status Total Owner Occupied Owned with a Mortgage/Loan Owned Free and Clear Renter Occupied

Latitude: 41.154380563 Longitude: -73.72510005 5 miles

10 miles

15 miles

21,604 18.1% 81.9% 78.5% 67.4% 36.3% 11.1% 3.3% 1.5% 7.8%

115,006 24.5% 75.5% 70.5% 57.3% 28.7% 13.2% 3.6% 1.7% 9.6%

356,725 24.7% 75.3% 70.5% 56.9% 28.6% 13.6% 3.6% 1.7% 10.0%

4.5% 3.4%

5.2% 4.9%

5.6% 4.8%

42.6%

35.9%

36.1%

2.9% 3.2% 2.5% 0.7%

3.4% 4.4% 3.6% 0.8%

3.6% 4.4% 3.7% 0.7%

21,606 18.1% 29.6% 17.5% 21.0% 9.7% 2.7% 1.3%

115,006 24.5% 30.4% 16.5% 16.6% 7.6% 2.7% 1.7%

356,724 24.7% 29.8% 16.7% 16.7% 7.7% 2.7% 1.7%

21,604 81.6% 57.9% 23.8% 18.4%

115,006 70.6% 50.2% 20.4% 29.4%

356,724 70.0% 49.8% 20.3% 30.0%

Data Note: Households with children include any households with people under age 18, related or not. Multigenerational households are families with 3 or more parentchild relationships. Unmarried partner households are usually classified as nonfamily households unless there is another member of the household related to the householder. Multigenerational and unmarried partner households are reported only to the tract level. Esri estimated block group data, which is used to estimate polygons or non-standard geography. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2012 and 2017. Esri converted Census 2000 data into 2010 geography.

May 14, 2013 Š2013 Esri

Page 5 of 5


7715 E. 111th Street S, Suite 114 Tulsa, OK 74133 877.895.7077 office | 918.895.7076 fax ameribid.com/oie

Sample Purchase and Sale Agreement

© 2013 AmeriBid LLC ALL INFORMATION DEEMED RELIABLE, BUT NOT GUARANTEED. PLEASE READ COMPLETE TERMS OF SALE PRIOR TO PURCHASE.

Proprietary & Confidential


CONTRACT OF SALE

THIS CONTRACT OF SALE made this___ day of ___________, 2013, by and between the following parties: Seller: Dominic & Carol Ferrovecchio 114 Kingsbury Court Mooresville, NC 28117 Hereinafter referred to as SELLER.

Purchaser: Name

City

Address

State

Zip

Phone

Hereinafter referred to as PURCHASER.

WITNESSETH, that for and in consideration of the mutual covenants herein, SELLER agrees to sell and PURCHASER agrees to buy the property and the improvements thereon known as 23 Hollow Ridge Road, Bedford Corners, NY 10549, SBL # 101.15-2-1.11 and as more particularly described by an accurate survey and description, hereinafter referred to as PROPERTY, upon the following terms and conditions: PURCHASE PRICE OF PROPERTY IS Dollars ($

).

DEPOSIT has been received from PURCHASER with this Contract in the form of in the amount of One Hundred Thousand Dollars ($100,000.00) which deposit shall be deposited by Blackbird Asset Services, LLC, hereinafter referred to as AUCTION INITIALED:

SELLER:

PURCHASER:


COMPANY, in one or more escrow accounts at First Niagara Financial Group. Additional deposit in the amount of $

sufficient to bring the total

deposit to 5% of the purchase price shall be paid in certified funds to AUCTION COMPANY not later than 24 hours after the ratification and acceptance of this CONTRACT OF SALE. Balance of purchase price in the amount of Dollars ($

) shall be due from PURCHASER at

closing by certified funds only.

CLOSING.

PURCHASER agrees to make full settlement, in accordance with the

terms hereof, on or before Friday, July 12, 2013. CLOSING is to be made at a location designated by SELLER, or such location as the parties may mutually agree. TIME IS OF THE ESSENCE. EXAMINATION OF TITLE AND COSTS. Any and all costs incident to CLOSING, including transfer taxes, recordation fees, documentary stamps and any other related costs, to be paid by PURCHASER.

TITLE. Title is to be merchantable and insurable, subject, however, to covenants, rights of way, easements, conditions and restrictions of record existing on the settlement date. The acceptance of the Deed by the PURCHASER shall be deemed full performance and discharge of every agreement and obligation on the part of the SELLER to be performed pursuant to the provisions of this CONTRACT OF SALE.

INITIALED:

SELLER:

PURCHASER:

2


SELLER has opted not to provide the PURCHASER with a completed Property Condition Disclosure Statement prior to the signing of this CONTRACT OF SALE pursuant to The Property Condition Disclosure Act and the SELLER will provide the PURCHASER, at the time of closing, a credit of $500.00 against the agreed upon purchase price of the premises.

DAMAGES FOR PURCHASER'S BREACH. In the event of default by PURCHASER in the consummation of the purchase of PROPERTY in accordance with the terms of this CONTRACT, the deposit and interest accrued thereon shall be forfeited to SELLER. In addition, SELLER reserves the right to pursue any and all legal remedies available at law or equity including the right to maintain an action for specific performance or to have PROPERTY resold at the risk and expense of PURCHASER.

ADJUSTMENTS. All annualized charges including but not limited to taxes, water charges, sewer charges, escrows, insurance, ground rent, if any, shall be adjusted to date of closing; as shall rent, if any, or other income items.

POSSESSION. SELLER agrees to give possession and occupancy at time of closing.

ATTORNEY'S FEES. Should any litigation be commenced between the parties hereto concerning the premises, this Contract, or the rights and duties of either in relation thereto, the party (PURCHASER or SELLER) prevailing in such litigation shall be entitled, in addition to such other relief granted, to a reasonable sum as and for their attorney's fees in such litigation, such sum to be determined by the Court in such litigation, or in a separate action brought for that purpose, and the

INITIALED:

SELLER:

PURCHASER:

3


parties agree not to enjoin AUCTION COMPANY and its partners, and to indemnify AUCTION COMPANY and its partners for its costs and fees.

SELLER'S WARRANTIES AND REPRESENTATIONS.

SELLER warrants title to

PROPERTY is as represented in this contract and on the settlement date, upon receipt of the purchase price and the satisfaction of PURCHASER's obligation under this contract, SELLER will convey title to the premises as required by this contract.

SELLER has made no other

representations or warranties, including but not limited to, representations and warranties as to the condition of the premises, zoning conditions, governmental requirements or environmental matters. PROPERTY is being sold in "AS IS", "WHERE IS" condition, with any and all faults.

SPECIAL NOTICE.

Neither the AUCTION COMPANY or its partners assume any

responsibility for the condition of PROPERTY nor for the performance of this CONTRACT OF SALE by any or all parties hereto. PURCHASER hereby warrants and represents that neither the AUCTION COMPANY or its partners have made any statement, representation or warranty regarding the condition of the premises, zoning conditions, governmental requirements or environmental matters, guarantees or warranties of the like, upon which PURCHASER has relied and which is not contained in this CONTRACT OF SALE. OBLIGATION OF PRINCIPALS. If PURCHASER is a business entity, the principals of PURCHASER hereby join in the execution of this CONTRACT OF SALE for the purpose of guaranteeing the performance by PURCHASER of each and every one of its obligations under this document, including without limitation, the payment of the purchase price on the closing date. If

INITIALED:

SELLER:

PURCHASER:

4


more than one person executes this document pursuant to this clause, the obligations of each such person shall be joint and several.

GOVERNING LAW. This CONTRACT OF SALE is executed in the State of New York and shall be governed by, and interpreted in accordance with, the laws of the State of New York.

CONDEMNATION OR CASUALTY. If there is a commencement of condemnation proceedings or if a casualty occurs with respect to PROPERTY, closing shall not be delayed, but at closing SELLER shall pay to PURCHASER any condemnation or insurance award previously received by SELLER and shall assign to PURCHASER its rights with respect to such condemnation or casualty and any unpaid award.

PURCHASER shall have the right to participate in the

negotiations and settlement of any claims relating to any such condemnation or casualty.

AGREEMENT OF PRINCIPALS. The undersigned hereby ratify, accept and agree to the CONTRACT and acknowledge receipt of a copy thereof. The principals to this CONTRACT mutually agree that it shall be binding upon them, their personal representatives, successors and assigns; that all parties hereto have authority to execute this CONTRACT; that this CONTRACT contains the final and entire agreement between the parties hereto, and neither they nor their agents shall be bound by any items, conditions, statements, warranties, or representations, oral or written, not herein contained.

INITIALED:

SELLER:

PURCHASER:

5


WITNESS:

SELLER:

BY:

WITNESS:

(SEAL)

SELLER:

BY:

WITNESS:

(SEAL)

PURCHASER:

BY:

WITNESS:

(SEAL)

PURCHASER:

BY:

INITIALED:

SELLER:

(SEAL)

PURCHASER:

6


7715 E. 111th Street S, Suite 114 Tulsa, OK 74133 877.895.7077 office | 918.895.7076 fax ameribid.com/oie

Broker Registration

© 2013 AmeriBid LLC ALL INFORMATION DEEMED RELIABLE, BUT NOT GUARANTEED. PLEASE READ COMPLETE TERMS OF SALE PRIOR TO PURCHASE.

Proprietary & Confidential


In cooperation with Blackbird Asset Services, LLC, NY Broker #10491202208

Broker Registration Form

th

7715 E. 111 Street S, Suite 114 Tulsa, OK 74133 877.895.7077 office | 918.895.7076 fax

AmeriBid.com AmeriBid LLC welcomes the participation of a buyer broker that properly registers their client for the auction. In order to earn the offered commission, the broker must do the following:  Complete this form  Have the buyer sign and the broker/agent for the buyer sign  Email the form to ToniTodd@AmeriBid.com or fax to 918-895-7076 by 12:00 pm CDT the day prior to the auction  Attend the auction with your client How did the buyer first hear about this auction? □ Newspaper Ad □ Mail/Post card □ E-mail □ Internet Search □ Sign □ Agent/Broker Please specify (Newspaper Name, Website Name, Sign Location, etc.): _______________________________________________________

Property Address:

23 Hollow Ridge Rd., Bedford Corners, NY 10549

Broker Fee:

2.5 % of High Bid

Prospective Buyer Name:

___________________________________________________________________________________

Prospective Buyer Company:

___________________________________________________________________________________

Prospective Buyer Address:

(Street/City/State/Zip) ________________________________________________________________

Prospective Buyer Phone:

____________________________________

Prospective Buyer Email:

____________________________________

Broker Name:

___________________________________________________________________________________

Broker License Number:

___________________________________________________________________________________

Broker Company Name:

___________________________________________________________________________________

Broker Address:

(Street/City/State/Zip) ________________________________________________________________

Broker Phone:

____________________________________

Broker Email:

____________________________________

Buyer Fax: ___________________________________

Broker Fax: ___________________________________

The Broker represents that they are the procuring cause for the interest by the Prospective Buyer in the subject Property and that they have an agency relationship with the Buyer in this transaction. The offered broker fee will only be paid at closing and if: (1) this form is completed and sent to AmeriBid LLC by 12:00 pm CDT the day prior to the auction, (2) the completed form is accepted by AmeriBid LLC (3) the Broker attends the auction with the Prospective Buyer, (4) the Prospective Buyer is the highest bidder at the auction, (5) the Prospective Buyer signs the required sales contract documents and the sales contract is ratified by the Seller, and (6) the Prospective Buyer follows the terms and conditions of the sale and closes according to the terms of the purchase agreement. The Broker shall not be entitled to any commission on any sale to an affiliate entity or any immediate family member. In the event of multiple registrations of the same transaction by different Broker agents, first recorded valid Broker Registration Form on file will prevail. No broker registration forms will be accepted at the auction. AmeriBid LLC is acting as agent of the Seller only. Under no circumstances will a Broker fee be paid if their client defaults on the purchase or a closing does not occur for any reason. AmeriBid LLC reserves the right to refuse to accept a Broker Registration Form if AmeriBid LLC has had prior contact with the Prospective Buyer concerning the subject Property. By submitting this Broker Registration Form to AmeriBid LLC, the Broker is hereby registering the Prospective Buyer as their client per the terms of this registration form. This form does not register the Prospective Buyer for the auction nor does it bind the Prospective Buyer to participate in the auction. For the Prospective Buyer to bid, he/she must attend the auction in accordance with the terms and conditions of the published auction sale, provide the required deposit and any other required documentation.

Understood and Accepted: _________________________________________________________ Prospective Buyer Date

____ Broker

Date

This Broker Registration Form is hereby accepted by AmeriBid LLC. Upon acceptance, AmeriBid LLC will either email or fax the accepted form to the Broker and the Prospective Buyer for their records. _________________________________________________________ Authorized Representative Date Blackbird Asset Services, LLC, NY Broker #10491202208

If you have any questions about the buyer broker registration process, please contact AmeriBid at 877-895-7077.


7715 E. 111th Street S, Suite 114 Tulsa, OK 74133 877.895.7077 office | 918.895.7076 fax ameribid.com/oie

About AmeriBid LLC

© 2013 AmeriBid LLC ALL INFORMATION DEEMED RELIABLE, BUT NOT GUARANTEED. PLEASE READ COMPLETE TERMS OF SALE PRIOR TO PURCHASE.

Proprietary & Confidential


Old Iron Estate  

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