<p> Absolute Auctions Bank Buildings in Flint, Parchment, Novi, & Saginaw MI, & Buffalo NY All Sell Onsite</p><p>1,675 sf Former Bank Branch on .35+- Acre 116 S. Riverview Dr, Parchment (Kalamazoo Co), MI 49004 Tuesday, August 10th, 2010 at 11 AM Inspection Date: Friday, August 6th, 9 am-11 am</p><p>4,547 sf Former Bank Branch on .37+- Acre 219 S. Michigan Avenue, Saginaw, MI 48602 Tuesday, August 10th, 2010 at 4 PM Inspection Date: Friday, August 6th, 9 am-11 am </p><p>6,096 sf Former Bank Branch on .08+- Acre 949 Broadway, Buffalo (Erie County), NY 14212 Wednesday, August 11th, 2010 at 10 AM Inspection Date: Monday, August 9th, 10 am-Noon </p><p>1,435 sf Former Bank Branch on .88+- Acre 3050 W. Pasadena Ave, Flint (Genesee County), MI 48504 Wednesday, August 11th, 2010 at 11 AM Inspection Date: Friday, August 6th, 12 noon-2 pm</p><p>2,247 sf Former Bank Branch on 1.84+- Acre 45075 Pontiac Trail, Novi (Oakland County), MI 48377 Wednesday, August 11th, 2010 at 2 PM Inspection Date: Thursday, August 5th, 1 pm-3 pm</p><p>For additional property information, auction terms, and contract forms, visit www.auctionEbid.com</p><p>Terms: Bank Proof of Funds Required to Bid, 10% Buyers Premium added to winning bid to determine sale price, 10% Earnest Money Deposit, close by September 10th, 2010. Broker Co-Op: 2% Commission Paid to Properly Registered Brokers, see website for details Questions? Visit www.auctionEbid.com or call 770-980-9565, TOLLFREE 877-980-9565</p><p>1827 POWERS FERRY ROAD, BLDG. 5 ATLANTA, GA 30339 770-980-9565 www.auctionEbid.com</p><p>Questions? Visit www.auctionEbid.com or contact Jeb Howell, 770-841-9924, at [email protected]</p><p>Auctions conducted in cooperation with: Pamela K Rose Auction Company LLC, MI Broker Scott Perry & Company Auctioneers, Coldwell Banker Talarico, NY broker</p><p>POSTCARD COPY STOPS HERE</p><p>Additional Property Information to be posted at website for each listing:</p><p>Detailed Information on Parchment (Kalamazoo Co) MI Asset Parchment Property Info from 8/10/09 title commitment, 3/30/05 floorplan, 10/5/09 Phase 1 (all posted to AMC website)</p><p>The Site is located at 116 South Riverview Drive, City of Parchment, Kalamazoo County, Michigan. According to the City of Parchment Assessor’s Office, the Site is identified as Parcel Identification number 06-03-290-041 and is owned by Bank of America. Access to the Site is from the north via Robert Lane and from the south via Island Avenue.</p><p>The Site consists of an approximate 0.35-acre parcel of land improved with a one story, 2,017-square foot (Floorplan document says 1675 sf) bank branch that was constructed in 1979. The Site building is of concrete block construction with a brick exterior façade, slab- on-grade concrete foundation, and a flat roof. The interior of the building is comprised of a lobby/teller area, offices, a break room and bathrooms. The remainder of the Site is improved with asphalt-paved parking and driveway areas, concrete walkways and landscaping. Drive- thru teller lanes are located along the western side of the building. The building is heated and cooled by electricity provided by Consumers Electric and connected to the municipal water and sewer systems provided by the City of Parchment.</p><p>The Phase 1 assessment has revealed no evidence of recognized environmental conditions (RECs) in connection with the Site. Detailed Information on Saginaw MI Asset Property Info from 7/31/09 title commitment, 8/16/07 floorplans, 7/29/09 survey, 8/19/09 Phase 1</p><p>The Site is located at 219 South Michigan Avenue, City of Saginaw, Saginaw County, Michigan. According to the City of Saginaw Property Assessor, the Site is identified as Parcel Identification number 17-0032-00100 and is owned by Bank of America. Access to the Site is from the south via South Michigan Avenue and from the west via Cass Street.</p><p>The Site consists of an approximate 0.362-acre (.37 per survey) parcel of land improved with a one-story, 4,798 (4547 sf with 4269 sf basement per floorplan) square foot bank branch that was constructed in 1952. The interior of the building is comprised of a lobby/teller area, offices, a break room and bathrooms. The remainder of the Site is improved with asphalt-paved parking and driveway areas, concrete walkways, landscaping and a storm water retention area. </p><p>The Phase 1 assessment has revealed no evidence of recognized environmental conditions (RECs) in connection with the Site.</p><p>Detailed Information on Buffalo (Erie County) NY Asset Property Info from 5/1/09 title commitment, 12/06 floorplans, 5/29/09 survey, 5/1/09 Phase 1</p><p>The Site consists of an approximately 0.08 (.098 per survey) acre parcel of land improved with a two-story, 6,096-square foot bank branch building that was constructed in 1910. The interior of the building is comprised of a lobby/teller area, offices, a break room, bathrooms, vacant storage space on the second floor and a basement area. The remainder of the Site is improved with concrete walkways.</p><p>The remainder of the Site is improved with concrete walkways. The building is heated by a natural gas-fired boiler located in the basement and cooled by roof-mounted electrical units. An air handler is located on the second floor. The Site is connected to the municipal water system provided by the Buffalo Water Authority and sewer system provided by the Buffalo Sewer Authority.</p><p>The Phase 1 assessment has revealed no evidence of recognized environmental conditions (RECs) in connection with the Site.</p><p>PLEASE NOTE that the ATM which has been in the facility will be removed prior to the auction and replaced with a panel. Detailed Information on Flint (Genesee County) MI Asset Property Info from 8/5/09 title commitment, 8/16/07 floorplan, 8/4/09 survey, 8/21/09 Phase 1</p><p>The Site is located at G-3050 W. Pasadena Avenue, Flint, Genesee County, Michigan. According to the Mount Morris Township Building Department, the Site is identified as Parcel Identification Number 14-34-577-263</p><p>The Site consists of an approximate one acre parcel of land improved with a one-story, 1,894 (1435 sf per floorplan, 1945 sf per survey) square foot bank branch on .88 acres that was constructed circa 1975. The interior of the building is comprised of a lobby and teller area, offices, a break room and bathrooms. The remainder of the Site is improved with asphalt- paved parking and driveway areas, concrete walkways, and landscaping. Drivethru teller lanes are located along the western side of the Site building. The building is heated and cooled by electricity provided by Flint Energies. Water and sewer services are provided to the Site by Genesee County.</p><p>The Phase 1 assessment has revealed no evidence of recognized environmental conditions (RECs) in connection with the Site.</p><p>Detailed Information on Novi (Oakland County) MI Asset Property Info from 6/25/09 title commitment, 8/17/07 floorplan, 7/6/09 survey, 7/31/09 Phase 1, 10/12/09 Phase 2</p><p>The Site consists of an approximately 1.85-acre parcel of land improved with a single-story, 2,400-square foot (2247 per floorplan, 2414 sf per survey) bank branch on 1.84 acres that was constructed in 1979. The interior of the building is comprised of a lobby/teller area, offices, a break room and bathrooms. The remainder of the Site is improved with asphalt- paved parking and driveway areas, concrete walkways and landscaping. A drive-thru teller lane is located along the eastern side of the Site building.</p><p>The Site is located at 45075 Pontiac Trail, City of Novi, Oakland County, Michigan. According to the Novi Assessor’s Office, the Site is identified as parcel identification number 50-22-03-101-01. Access to the Site is from the north via Pontiac Trail and from the southeast via West Park Drive. The building is heated and cooled by an electric roof-mounted heating, ventilation and air conditioning unit. The building is serviced with electricity provided by DTE and municipal water and sewer provided by the City of Novi.</p><p>The Phase 1 assessment has revealed no evidence of recognized environmental conditions (RECs) in connection with the Site.</p><p>Based on the results of the subsequent Phase 2 investigation, a reportable condition to the Michigan Department of Environmental Quality (MDEQ) does not exist for arsenic at the Site because the concentrations detected in soil is within the background range for arsenic and is therefore indicative of natural metals occurring in the soil.</p><p>PROPERTY DIRECTIONS: Parchment: From I-94 King Highway, east on East Michigan/ 43 across river, bear left on Riverview, staying on 43 to property on left after Island Ave. Saginaw: From I-675, exit 3 south on Hill Street, left at end on Congress, immediate right onto Michigan, continue to property on right after Adams. Buffalo: From I-190, exit 4 north on Smith Street, continue on Fillmore, property on left at corner of Broadway. Flint: From I-75, exit 122 east on W. Pierson, right on N. Jennings, left on W. Pasadena, property on left after Bertha. Novi: From I-96, exit 160 north on N. Beck Rd, right on W. Pontiac Trail to property on right.</p><p>AUCTION TERMS AND CONDITIONS: AUCTION REGISTRATION: In order to register for the auctions, you must have pre- inspected the property and must confirm that you have done your own inspection prior to registration. You must provide proof of funds from your bank that you have sufficient funds to cover the required 10% earnest money downpayment in order to obtain a bid number. This may be accomplished by faxing the proof of funds to 770-980-9383 or emailing to [email protected] , or you may bring the proof of funds to the site beginning one hour before each bid deadline. Proof of funds consists of a copy, fax, or original of a current bank statement in bidder’s name showing sufficient funds for earnest money deposit. AUCTION INFORMATION & OFFICES: All available material and updates are posted to www.auctionEbid.com and at www.pamelaroseauction.com (Michigan assets), and at www.scottperryco.com (Buffalo asset). Due diligence materials, Auction Purchase and Sale Agreement, Broker Registration forms, and other information may be obtained by calling 770-980-9565, or by visiting our websites.</p><p>BROKER PARTICIPATION INVITED: A broker commission of two (2%) of winning bid will be paid to the properly licensed broker whose prospect purchases and closes on the real estate. To qualify for a commission, the Broker must register by mail, email, fax or hand delivery the prospect’s name and address on the Broker Registration form available as a download at the AMC website listing for this asset prior to bidder registration. The form must be signed by the prospect and the Broker, and must be received at the office of Auction Management Corporation no later than 48 hours prior to the bid deadline. Broker must also be present with their prospect during bidding and sign the Auction Real Estate Sales Contract if their client is the winning bidder. Commissions to be paid only upon closing. A Broker cannot act as a principal and a broker on the same transaction. CONDUCT OF THE AUCTION: Online bidding (where available) will begin one week prior to the bid deadline. Onsite bidders may place their bids at the indicated auction time. The auction ends when the highest bid is recognized by the auctioneer. Bid increments and bidding methodology are subject to change at the sole discretion of auctioneer. TERMS OF SALE FOR REAL ESTATE: Winning bidders will pay an earnest money deposit of ten (10%) of the purchase price (bid amount plus buyer’s premium). Upon conclusion of the bidding, Buyer will sign an Auction Purchase and Sale Agreement (“PSA”), and must submit any additional earnest money deposit in the form of a cashiers check or wire transfer to seller-designated escrow agent (See Auction Purchase & Sale Agreement). The earnest money deposit is non-refundable.</p><p>Closing must occur no later than Friday, September 10th, 2010 unless extended in writing by mutual consent of the parties. Buyer not closing within the contractual time period to close may forfeit his/her earnest money deposit. Buyer shall execute an Auction Purchase and Sale Agreement for the property immediately after being declared the successful bidder by auctioneer. A form Auction PSA is available at our website and at the auction site prior to the auction. The Auction PSA which Buyer must sign at the auction contains an acknowledgment that Buyer has inspected the property prior to the auction, is relying solely on his/her inspection, and is purchasing the property As Is with all faults and without reliance on any warranty of any kind whatsoever. NO CHANGES WILL BE MADE TO SAID AUCTION PSA OR ANY EXHIBITS ATTACHED THERETO, AND BUYER WILL BE OBLIGATED TO EXECUTE AND DELIVER SAID AUCTION PSA ON AUCTION DAY. Provided, however, Seller reserves the right to modify or amend said Auction PSA, to complete blank sections, to attach appropriate exhibits, and to comply with state and local laws as may be enacted or amended from time to time. All payments (ie, Earnest Money, Closing Funds) must be in the form of cash, wire transfer or cashiers check only. BUYER'S PREMIUM: Property will be sold with a ten (10%) percent buyer's premium. The bid amount plus buyer's premium equals the final purchase price. For example: A $1,000 bid, plus the 10% ($100) buyer's premium, equals the $1,100 final purchase price.</p><p>FINANCING: Please note that financing is NOT a contingency of this transaction. Because financing is NOT a contingency, all potential bidders must make certain in advance that they are capable of obtaining the necessary financing to close the transaction. </p><p>PLATS/SKETCHES/DRAWINGS AND PHOTOS: Are not to be relied on. Existing legal descriptions are not guaranteed for complete accuracy. All acreage and dimensions are approximate and could be subject to change upon an actual field survey. All stakes, signs or flags indicating boundaries or location are for general location purposes only and are not to be construed as precise property corners.</p><p>AUCTION POWER OF ATTORNEY: For interested bidders who cannot attend the auction but would like to have a representative bid at the auction on their behalf, an Auction Power of Attorney can be obtained by contacting the Auction Information Office at (770) 980-9565.</p><p>TAX EXCHANGE: Sellers and Purchasers agree that certain Sellers may effectuate 1031 Tax Exchanges on certain properties sold herein. Buyers will agree to cooperate and execute necessary documents to enable Sellers to consummate said transactions. EASEMENTS: All property sold is subject to recorded easements which include existing roads and planned roads, power line and other utility easements, ingress and egress easements, and other easements of record.</p><p>BUYER'S NOTE: Auctioneer reserves the right to add or delete property from this auction or to alter the order of sale from that published herein. Auctioneer reserves the right to convert the bidding platform from an online to an onsite bidding platform if no bidders register and submit required bid deposit by the online bidding deadline. Personal on-site inspection of the property is strongly recommended. Failure to inspect property prior to auction does not relieve purchaser of contractual obligations of purchase. Property sells As Is - Where Is with no warranties expressed or implied. Real property to be conveyed by Special Warranty Deed. Only the following sale closing costs will be paid by seller: (1) Commissions or brokerage fees to auctioneer and/or cooperating Brokers as set forth in separate agreement with auctioneer, and as established in these Terms and Conditions; (2) reasonable title corrective expenses, in Seller’s sole determination; and (3) Prorated property taxes and back taxes due, if any. All other closing costs, including but not limited to surveys, title examination, loan closing costs, and purchaser’s attorney fees are at the expense of the Buyer. Sale shall be closed at the offices of Seller’s Designated Closing Agent (“Closing Agent”), as noted in Auction Purchase & Sale Agreement, or as announced at the auction. </p><p>Seller shall pay, on the Closing Date, all of the cost of the preparation of the deed, any documentary stamps or transfer taxes on the deed and surtax, if any, and certified and pending special assessment liens for which the work has been substantially completed, and Purchaser shall pay, on the Closing Date, the premium for the Owner’s Policy and any endorsements to the Owner’s Policy requested by Purchaser, or its lender, any transfer tax on the Assignment of the Lease, all recording costs, intangible tax on any mortgage, documentary stamps or tax on any note, pending special assessment liens for which the work has not been substantially completed, the cost of any inspections conducted by Purchaser, and any other customary charges and costs of closing. In addition, Purchaser shall pay Seller the amount established in the Purchase & Sale Agreement representing the cost of the Title Commitment and any search fees, the Survey, and the Phase I. Seller shall pay the cost of any recertifications, endorsements and updates of the Title Commitment, Survey and Phase I, except any recertifications, endorsements and updates specifically requested and required by Purchaser or its lender, which shall be paid by Purchaser at Closing. Except as otherwise provided herein, each party shall pay its own attorneys’ fees. Purchaser shall pay the cost of any escrow fees charged by the Escrow Agent. </p><p>Information was gathered from reliable sources and is believed to be correct as of the date this material is published, however, this information has not been independently verified by sellers or auctioneers. Its accuracy is not warranted in any way. There is no obligation on the part of Sellers or Auctioneer to update this information. ALL ANNOUNCEMENTS MADE AT THE AUCTION TAKE PRECEDENCE OVER ALL ADVERTISING. The sellers do not have any liabilities whatsoever for any oral or written representations, warranties or agreements relating to the property except as expressly set forth in the Auction PSA. There is no obligation on the part of the Sellers to accept any backup bids in the event the high bid falls through. </p>