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DESCRIPTION OF PROPERTY

TO BE AUCTIONED NOVEMBER 04, 2006

LOCATION: 9227 Cherry Hill Road, Clymer, New York 14724. Town of Mina. Chautauqua County. Marks Corners. Northeast corner of Cherry Hill Road and County Road 4. Across road from Edwards Chapel United Methodist Church. Former parsonage

TAX PARCEL NUMBERS: Section 12 Block 1 Lots 21.2, 21.3, and 21.4 (Old numbers.) Section 378.00 Block 3 Lots 13 12, 14 (New numbers.)

TAX ASSESSMENTS: Total for all three parcels - $116,000.00

12-1-21.2 $108,200.00 (Land - $8,600.00, Buildings - $99,600.00).

12-1-21.3 $3,500.00. 12-1-21.4 $4.300.00

TAXES: Totally exempt at present because it belongs to a church.

SCHOOL DISTRICT: Sherman Central School.

LOT SIZE: Approximately five acres total. 12-1-21.2 is 168’x 142’ = .5 acre.

12-1-21.3 is 168’x 518’ = 2 acres. 12-1-21.4 is 168’x 660’ = 2.5 acres.

SEPTIC or SEWER: Private septic system, undetermined age.

WATER: * * * * Presently shares water with church across road. Purchaser will need to drill new well and install water system.* * * *

HOUSE DESCRIPTION:

TYPE: One and a half story. Wood frame.

AGE: Built approximately 1930, has been remodeled. Upstairs converted to living space fairly recently. Entry room constructed one year ago.

SIZE: 26’x 46’ = 1196 sq. ft. first floor, 598 sq. ft. second floor. Plus 6’x 12’6” entry room = 75 sq. ft.. Total of 1869 sq. ft. of living space.

BASEMENT: Concrete foundation. Partial basement with concrete block walls, concrete floor. Inside stairs and outside door. Remainder has crawl space.

SIDING: White aluminum. Insulation. Storm windows.

ROOF: Asphalt shingle.

FRONT COVERED PORCH: 7’x 11’. FRONT OPEN DECK: 11’6”x 16’

ELECTRIC: 200 amps with circuit breakers. National Grid electric service.

HEATING: Hot water baseboard heating system with propane gas furnace, installed two years ago. Propane gas 40 gallon water heater two years old.

INTERIOR DESCRIPTION: Pine floors under carpeting throughout house.

KITCHEN: 8’x 9’ with cupboards, plus 8’x 10’ dining area. Nice Birch cupboards. Built-in dishwasher. Range and exhaust hood. Refrigerator. Vinyl floor.

DINING ROOM : 12’6”x 14’6”. Wall to wall carpet.

LIVING ROOM: 12’x 16’6”. Big window. Textured ceiling. Wall to wall carpet.

BEDROOM: 10’x 12’ plus closet. Paneled walls. Wall to wall carpet.

BEDROOM: 10’x 11’ plus two closets. One paneled wall. Wall to wall carpet.

BATH: 8’x 8’. Vanity, wraparound tub, closet. Vinyl floor.

LAUNDRY: 8’x 12’. Storage wall. Plastic tile floor and carpet.

UPSTAIRS: Sloping ceilings in all rooms. Storage space under eves.

WEST BEDROOM: 12’x 14’ plus closet. Wall to wall carpet.

EAST BEDROOM: 11’6”x 14’ plus closet. Wall to wall carpet.

CENTER ROOM: 17’x 20’. Built-in storage cupboards full length of room. Skylight. Ceiling fan. Wall to wall carpet.

BATH: 6’x 8’6”. Vanity, wraparound tub, closet. Vinyl floor.

GARAGE: 28’x 32’. Pole construction. Aluminum siding. Asphalt shingle roof. Concrete floor. Electric. Two overhead doors. One automatic door opener.

Car area - 20’x 28’. Storage room - 12’x 28’.

OPEN HOUSE TUESDAY, OCTOBER 31st, 4 - 6:00 P.M.

Or call Nye Hill Realty 355-6675 for private showing.

TERMS AND CONDITIONS OF AUCTION

REAL PROPERTY LOCATED AT 9227 CHERRY HILL ROAD, CLYMER,

TOWN OF MINA, CHAUTAUQUA COUNTY, NEW YORK STATE,

IDENTIFIED AS TAX PARCELS:

SECTION 12 BLOCK 1 LOTS 21.2, 21.3, and 21.4 (Old Numbers)

SECTION 378.00 BLOCK 3 LOTS 13, 12, and 14 (New Numbers)

WILL BE OFFERED FOR SALE AT PUBLIC AUCTION

ON SATURDAY, NOVEMBER 04, 2006. BIDDING TO BEGIN AT 3:30 P.M..

1. This property will be sold ABSOLUTE to the highest bidder, and is NOT subject to the approval of the Seller.

2. This property will be sold “AS IS, WHERE IS”, with no guarantees or warranties of any sort, either actual or implied, including but not limited to electrical, plumbing, heating, septic system, water system, interior and exterior of all buildings, any fixtures, and the land.

3. Purchaser will be responsible for drilling new water well and installing water system within 60 days after closing. (Water comes from church across road at present.)

4. All property boundaries are approximate, and no guarantees of any kind are given with respect to the acreage shown on tax maps or referred to in any existing deeds, surveys, or sale literature. If a survey is desired by the Purchaser, it will be completed before closing, to be paid for by the Purchaser.

5. Prospective Purchasers are responsible for inspecting the property, being knowledgeable about its physical condition and any existing zoning regulations, leases, easements, rights of way, or other restrictions regarding its use, and understanding closing costs and fees, PRIOR TO THE AUCTION.

6. The successful high bidder will immediately sign a Contract For Sale of Real Property and will place TEN PER CENT (10%) of the bid in the form of cash or good check with Nye Hill Realty, to be held in their escrow account until closing.

7. The deposit will NOT be refunded to the Buyer, and will be forfeited to the Seller, if the sale is not completed due to the default of the Buyer for any reason.

8. The deposit WILL be refunded in full to the Buyer if the sale is not completed due to the default of the Seller for any reason.

9. The BALANCE will be due AT CLOSING, on or before December 04, 2006, and POSSESSION will be granted to the Buyer at closing.

10. The Seller shall furnish a WARRANTY DEED to the Purchaser, free and clear of any liens or encumbrances, subject to any leases, easements, rights of way, or deed restrictions of record. Gas, oil, and mineral rights will be conveyed to the Purchaser.

11. CLOSING COSTS - The Seller will pay for the Title Search update, Revenue Stamps, and TP Filing Fee. The Purchaser will pay Deed Recording Fee, and RPS5217 Filing Fee. Each will pay own attorney fees.

12. PROPERTY TAXES will be PRORATED as of the CLOSING DATE.

13. Margaret T. Nyweide, John J. Nyweide, and Michael W. Peterson are acting only as Sales Agents for the Seller.

ANY ANNOUNCEMENTS MADE BY THE AUCTIONEER ON THE DAY OF THE SALE WILL TAKE PRECEDENCE OVER ANY PRINTED MATERIAL.

SELLERS AND SALES AGENTS ARE NOT RESPONSIBLE FOR ANY ACCIDENTS, SHOULD THEY OCCUR BEFORE, DURING, AFTER, OR BECAUSE OF THE AUCTION.

SELLER: Edwards Chapel United Methodist Church Congregation Trustees

Book of Deeds, Liber 1325 Page 208, Recorded October 23, 1967

Book of Deeds, Liber 1661 Page 210, Recorded December 29, 1976

ATTORNEY: Crandall G. Nyweide

562 Clymer-Sherman Road, P.O. Box 369

Clymer, New York 14724

Telephone: 716-355-2740 Fax: 716-355-6167

BROKER: Margaret T. Nyweide and John J. Nyweide, Nye Hill Realty