VIEW THE BIDDER BROCHURE

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This Truly Absolute Auction will be conducted on the Property Site, beginning at 1:00 PM, ET on Saturday, June 25th, 2016. Registration for the Auction will begin two hours before the Auction, at 11:00 AM, ET. For Early Registration and Absentee/Phone Bidding, please call our offices at 1.800.332.3767. To register for the Auction you must show your driver’s license and a deposit in the amount of Fifty Thousand Dollars ($50,000) certified or cashier’s check and a blank personal check to our Registration Clerk on site. Bidders should make the checks payable to themselves. The successful bidder/s will then sign the checks over to the Escrow Agent. Preview: Open houses begin Friday, June 3, 2016 from 10 AM-4 PM, and will continue every Friday, Saturday and Sunday from 10 AM-4 PM until the Auction, with a final scheduled preview on Friday, June 24, 2016 from 10 AM-4 PM, the day before the auction. For more information please call the DeCaro offices at 1.800.332.3767. DISCLAIMER: This property is being sold in its existing “as is where is” condition, with no expressed or implied guarantees or warranties whatsoever. It is the Purchaser’s sole responsibility to perform all inspections and to be satisfied as to the property’s condition prior to bidding. Personal on-site inspection of the property is recommended and Bidders are advised to independently verify all information they deem important. DeCaro Real Estate Auctions, Inc., and its agents and sub-agents, and the Sellers assume no liability for errors or omissions in this or any other property listing or advertising or promotional/publicity statements and materials. Although information has been obtained from resources deemed reliable, the Auctioneer or DeCaro Real Estate Auctions, Inc., Seller or Seller’s Agent makes no guarantee as to the accuracy of the information herein contained or in any other property listing or advertising or promotion/publicity statements and materials. All information contained in the Bidder Information Package, website or any other promotional materials, including but not limited to: square footages, acreage, dimensions, maps, taxes, etc. was provided by the Seller and or Seller’s Agent and is believed to be correct. However, neither the Seller, Seller’s Agent, nor the Auction Company makes any guarantee or warranty as to the accuracy or completeness of such information. Purchaser and or Purchaser’s Agent/Broker shall bear the sole responsibility to confirm all information relevant to the property prior to bidding. Neither the Seller, the Broker or the Auction Company shall be liable for any relief or adjustments based on the failure of the property, including, but not limited to: amount of acreage, square footage, zoning or environmental condition to conform to any specific standard, expectation, or any published information. By bidding on this property, Purchaser agrees to the above.


This impressive estate, overlooking the vast Penobscot Bay, will be sold at Absolute Auction by DeCaro Luxury Auctions on Saturday, June 25th at 1:00 PM, ET on the island of Islesboro, Maine. The property will be sold Truly Absolute to the highest bidder WITHOUT RESERVE. This quiet island located off the coast of Linconville spans a length of nearly 14 miles. Native Americans referred to Islesboro as Pitaubegwimenhanuk, which meant “island that rests between two channels.” With 3 charming villages (Dark Harbor, North Islesboro, and Pripet), residents and visitors have access to an historic lighthouse, a sailor’s museum, multiple campsites, and a nature-rich state park. While on the island, photograph the native deer, kayak the calm waters, watch the lobster-men pull in today’s fresh catch, and ride your bicycle through miles of fresh air and pristine scenery. A daily ferry will transport you from this paradise to another, where you can experience the splendor of old word wineries, artisan boutiques, pubs and restaurants, and the many cherished traditions of seaside living.


A short drive from the charming town of Camden and a fifteen-minute ferry ride (departing from Linconville) will transport you - body, mind, and spirit - to a picturesque island retreat of yesteryear. Step into an unspoiled world, where mountains seem to stem from the sea, where the vibrant colors and tranquil sounds of the scenery delight the senses from the rising of the sun to the twilight hours. Imagine searching for the constellations from one of the decks of this masterpiece: a private estate set on a 15-acre Eden. Surrounded by swaying waves and Japanese gardens, even well-traveled guests may admit they have never experienced a theatre of nature so powerful as this. Features Include: - More than 15 acres of land - Over 8,000 square feet of stunning structures - Main ship-themed home constructed with a red oak timber frame - High cathedral ceilings - 3 bedrooms - 3 bathrooms - High quality entertainment system - Digital lighting - 2-story solarium - Stained glass - Mahogany floors - Gourmet kitchen with slate counter top - Premier appliances - Bar and wine cellar - Granite fireplace - Media room - Game room - Museum-quality works of art and furnishings - Carriage house linked to the main house by deck - Floral and Zen gardens - Japanese bridge that spans across a lily-filled pond - Tori gates leading to a tea house - Museum-quality collection of original artwork and furnishings











Page 1 of 3 for Phone and Absentee Bidding LIMITED DURABLE POWER OF ATTORNEY Bidder hereby appoints _________________________________ as Bidder's attorney-infact, with the power to do the following: For the Auction of: 180 Abrams Mountain Road, Islesboro, Maine on Saturday, June 25, 2016, at 1:00 PM, ET he/she will: 1.

Sign the Bid Acceptance Form confirming the bid price and the Buyer's Premium.

2.

Complete and initial the Contract/Purchase Agreement on Bidder's behalf by filling in the Purchase Price, which is composed of the final bid plus the Buyer's Premium, all as detailed in the Terms and Conditions of Sale and any related terms.

3.

This Limited Durable Power of Attorney shall survive my disability.

IN WITNESS WHEREOF, I have hereunto set my hand and seal this

______day of

_____________, 2016. _________________________________________

_______________________________

Bidder Signature

Bidder Print Name

Signed, sealed and delivered in the presence of: STATE OF ___________________ COUNTY OF _______________________ BEFORE ME, the undersigned authority, personally appeared: , being by me first duly sworn, deposes and says that he/she executed the above and foregoing Limited Power of Attorney for the uses and purposes therein expressed. He / she is personally known to me or he/she produced as identification. WITNESS my hand and official seal on this

day of

_, 2016.

__________________________________________________________________________Notary Public

Typed, printed or stamped name of Notary Public My Commission Expires:


Page 2 of 3 for Phone and Absentee Bidding BIDDING BY PHONE AGREEMENT Bidder Name: Property you are bidding on: 180 Abrams Mountain Road, Islesboro, Maine Bidder Phone Number: __________________ Alternate Phone Number: __________________ PHONE BIDDING TERMS 1.

Telephone bidding is accepted at the Auctioneer’s sole discretion.

2.

All phone bids must be arranged and confirmed by 5:00 p.m., on the day prior to the scheduled Auction.

3.

The Auction is expected to start on time. However, delays are possible and you should plan accordingly.

4.

DeCaro and Seller are not responsible for any damages related to phone bidding, including, by way of example and not limitation, inability to submit bids based on changes in Auction time, busy signals, missed calls, disconnected calls and poor phone reception.

5.

A DeCaro agent will call you from the Auction several minutes before the Auction begins. All conversations may be recorded; and by signing this Agreement, you consent to such recording.

6.

Only the person named above as the Bidder in this Authorization will be authorized to bid. AUTHORIZATION REQUIREMENTS

1. TERMS AND CONDITIONS OF SALE / PURCHASE AND SALE CONTRACT - The Terms and Conditions of Sale (the "Terms and Conditions") and the As-Is Purchase and Sale Agreement, any Addendum to “As-Is” Purchase and Sale Agreement (Buyer at Auction); (collectively the "Contract") are a material part of this Authorization are attached hereto, incorporated herein, and made a part hereof by reference. Both the Terms and Conditions and the Contract must be signed and returned with this Authorization in order for the Authorization to be considered. 2. BID DEPOSIT – By 5:00 PM on Friday, June 24th, 2016 the Title Company must have received the Bid Deposit from Bidder in the amount of $50,000 by wire transfer.


Page 3 of 3 for Phone and Absentee Bidding WIRING INSTRUCTIONS Bank: US Bank, N.A. Address: 2243 East 2100 South, Salt Lake City, UT Account Name: Jacobs IOLTA Routing/ABA #: 124302150 Account #: 153153118457 Please reference: 180 Abrams Mountain Road, Islesboro, Maine. If Bidder is successful at the auction, Bidder shall wire sufficient funds to bring the total deposit to ten percent (10%) of the Purchase Price by Monday, June 27th, 2016. The Bid Deposit shall be handled in accordance with Paragraphs 2 and 3 of the Terms and Conditions of Sale. Bidder shall pay all wire transfer fees. Please include the wire instructions for the return of your funds if you are not the high Bidder: Your Bank: ______________________________________________________________ Your Bank Address: _______________________________________________________ Your Bank’s ABA/Routing #___________________ Account #: __________________ For Credit to: _____________________________________________________________ BIDDER REPRESENTATIONS 1.

I have read and signed the Terms and Conditions and the Contract, and I

understand that the Purchase Price, Buyer’s Premium, and related terms will be added and initiated by Auctioneer if I am the highest Bidder. 2.

At any time subsequent to the Auction, the Settlement Agent may, but is not

required to submit a second copy of the contract to me with a request for an original signature. Such copy shall include the information added by your Attorney-in-Fact pursuant to the Limited Durable Power of Attorney executed by you and incorporated herein by reference. I am obligated to provide an original signature. 3.

I understand that failure to proceed with the purchase will result in forfeiture of

the Bid Deposit and any additional deposit, in addition to any other remedies set forth in the Terms and Conditions of Sale and the Contract. Date:

Bidder Signature:


ABSOLUTE AUCTION TERMS AND CONDITIONS OF SALE Property Address: 180 Abrams Mountain Road, Islesboro, Maine Auction Date: Saturday, June 25, 2016 at 1:00 PM (ET) 1. Bidding. All bidding is open to the public without regard to race, color, sex, religion, familial status, handicap or national origin. Sale is not subject to financing. 2. Bidder’s Card. To obtain a bidder's card, you must show the clerk a certified or cashier’s check at the time and place of the Auction in the amount of $50,000 and a blank personal check. All certified or cashier’s checks are to be made payable to yourself and shall be endorsed over to the Settlement Agent at the Auction if you are the highest bidder. Only the highest bidder on the property will be required to deposit any moneys at the Auction. At the time of registration, you must sign these Terms and Conditions of Sale as agreed and understood. 3. Earnest Money. Immediately following the Auction the Buyer shall be required to pay a deposit for the property equal to ten percent (10%) of the purchase price. The deposit shall be a combination of the $50,000 cashier’s or certified check plus a personal check in an amount sufficient to bring the total deposit to ten percent (10%) of the purchase price. Jacobs and Simpson, P.C., 8839 South Redwood Rd., Suite C2, West Jordan, UT 84088 801 921.6411, FAX: 888.247.2541 will hold the deposit and Texas Pioneer Title, 103 W McDermott Drive #100, Allen, TX will conduct the settlement. The deposit will be applied to the purchase price at the time of closing. 4. Other Terms. As used in these Terms and Conditions of Sale, the term “final bid" means the highest bid acknowledged by the Auctioneer, and the term "purchase price" means the sum of the final bid plus the premium payable by the Buyer in accordance with Paragraph 5 below, exclusive of any applicable closing costs in accordance with the Contract. a. The highest bidder acknowledged by the Auctioneer shall be the Buyer. The Auctioneer may, in the event of any dispute between bidders, determine the successful bidder or re-offer and resell the property in dispute at the Auction. Should there be any dispute after the Auction, Auctioneer’s record of the final bid, and the purchase price shall be conclusive. b. Auctioneer reserves the right to withdraw the property before or at the Auction in its sole discretion. If Auctioneer perceives attempted collusion, Auctioneer will cancel the Auction. Collusion between bidders is prohibited by the Federal Anti Trust Laws. All decisions of the Auctioneer are final as to methods of bidding, bidding increments, cancellation or any other matters that may arise before, during or after the Auction. Auctioneer reserves the right to deny any person admittance to the Auction or expel anyone who Auctioneer believes may disrupt or interfere with the Auction in any way. c. The purchase price payable by a Buyer will be the sum of the final bid plus the buyer’s premium of ten percent (10 %) of the final bid. 5. Buyer's Premium. A ten percent (10 %) Buyer's Premium shall be paid by the Buyer and will be added to the final bid on each property. Example: Final bid on property is: ................................... $100.00 Add 10 % Buyer's Premium: ............ $ 10.00 Total on Sales Contract: ................... $110.00 6. Closing. The Buyer must sign all documents and the “AS-IS” Contract for Sale and Purchase (modified to meet these Terms and Conditions) on the day of the Auction and will be required to make an appointment with a closing agent to pay the balance of the purchase price and receive the deed to the property. All closings must occur within 30 days. 7. Default. If closing is delayed by action, lack of action or failure to comply with these Terms and Conditions of Sale by the Buyer, default will be declared and the earnest money may be retained by the Seller and Auctioneer in accordance with the agreement between them.

8. Bid Acceptance. THIS PROPERTY IS BEING SOLD ABSOLUTE TO THE HIGHEST BIDDER WITHOUT RESERVE. Once the final bid is accepted by Auctioneer, Buyer shall post the required deposit and Buyer and Seller

will immediately execute a Bid Acceptance Form and the “AS-IS” Contract for Sale and Purchase modified to meet these Terms and Conditions (the “Contract”). 9. Prorations. Real estate taxes, homeowner fees (if any), as well as water and sewer charges, will be prorated as of the date of closing. 10. Closing Costs. The Buyer shall pay all closing costs for residential sales in the county and state where the property is located including, but not limited to, all documentary stamps, transfer taxes and title insurance. 11. Auction Procedures. Open and verbal announcements made at the Auction will take precedence over all printed material. Seller reserves the right at its sole discretion to accept or reject any offers made before the Auction begins. Method, order of sale, and bidding increments shall be at the sole discretion of the Auctioneer. Auction does not begin until Auctioneer accepts the first bid on the day of the Auction. 12. Disclaimer/Property Inspection. It is the Buyer's sole responsibility to perform any inspections Buyer deems pertinent to the purchase of this property and to be satisfied as to the property’s condition prior to bidding. The property, both real and personal, if any, is being sold in its existing "AS IS WHERE IS" condition, with no expressed or implied guarantees or warranties whatsoever. Personal onsite inspection of the property is recommended and bidders are advised to independently verify all information they deem important. Auctioneer and its agents and subagents, and the Sellers assume no liability for errors or omissions in this or any other property listing or advertising, promotional or publicity statements and materials. Although information has been obtained from resources deemed reliable, neither the Auctioneer nor Seller make any guarantee as to the accuracy of any such information. All information contained in the Bidder/Information Package, web site or any other promotional materials, including but not limited to square footage, acreage, dimensions, maps, taxes, etc. was provided by the Seller and is believed to be accurate and complete. However, neither the Seller nor the Auctioneer makes any guarantee or warranty as to the accuracy or completeness of such information.


Buyer and Buyer's Agent/Broker shall bear the sole responsibility to confirm all information relevant to the property prior to bidding. Neither the Seller, Seller’s Broker nor the Auctioneer shall be liable for any relief, or adjustments if the amount of acreage, square footage, zoning, environmental condition or any other information fails to conform to any specific standard, expectation, or any published information. 13. Notice to Brokers. A fee equal to two percent (2%) of the bid price will be paid by Auctioneer to the licensed Real Estate Broker or Salesperson whose prospect successfully bids and closes on the property. To qualify for commission the Licensed Real Estate Broker or Salesperson must first: a) Accompany their prospect upon initial visit to open house and register the prospect with a representative of the Auctioneer at that time; b) Formally register prospect on Auctioneer's Broker Registration Form with both prospect and Broker/Salesperson signatures; c) Completed Broker Registration Forms must be received no later than 5:00 PM the day before the Auction. Email Broker Registration Forms to: forms@decaroauctions.com or Fax to: 239.434.0882; d) The Broker or Salesperson must also register and attend the Auction with the Prospect to obtain the necessary voucher to qualify for commission at settlement. No commission is payable to any Licensed Broker or Salesperson by Seller. In addition, no commission will be paid to registered Brokers acting as a principal in the purchase of the property. Broker Registration Forms are available at open houses or by calling DeCaro Real Estate Auctions, Inc., at 1.800.332.3767. 14. Title. Title to the property shall pass to the Buyer at formal settlement, which is to occur within 30 days as published in the Bidder's Information Packet. Title will be free and clear of all liens and Seller will convey good and marketable title in accordance with the Contract. 15. No Financing Contingency. THIS IS A CASH TRANSACTION WITH NO CONTINGENCY FOR FINANCING. Buyer may finance a portion of the purchase price, but Buyer’s obligation to proceed with the purchase is not contingent upon the Buyer obtaining financing. If the Buyer is unsuccessful in obtaining financing and is unable to go to settlement within the required time period, the deposit(s) provided by the Buyer shall be forfeited. 16. Conditions of Default. If any conditions contained herein are not complied with by the Buyer, Auctioneer may, in addition to asserting all remedies available by law, including the right to hold defaulting Buyer liable for the purchase price, either a) cancel the sale, retaining as liquidated damages any payment made by such buyer, b) resell the property with or without reserve at public auction or privately on seven (7) calendar days' notice to such buyer, or c) take such other action as it deems necessary or appropriate. If Auctioneer resells the property, the original defaulting Buyer shall be liable to Seller for the payment of any deficiency in the purchase price plus all costs and expenses, reasonable attorney's fees, commissions, incidental damages and all other charges due hereunder. Any remedies available to the Auctioneer in accordance with these Terms and Conditions of Sale are in addition to those available to the Seller pursuant to the “AS-IS” Contract for Sale and Purchase and applicable Maine law. 17. State Laws. The respective rights and obligations of the parties with respect to the conditions of sale and the conduct of the auction shall be governed and interpreted by the laws of the state in which the auction is held. By bidding at an auction, whether present in person, or by agent, by written bid, telephone or other means, the Buyer shall be deemed to have agreed to the Terms and Conditions of Sale and have consented to the jurisdiction of the courts sitting in such state. 18. CANCELLATION. AUCTIONEER RESERVES THE RIGHT TO CANCEL, POSTPONE OR WITHDRAW THE PROPERTY BEFORE OR UP TO THE START OF THE AUCTION. THE AUCTIONEER RESERVES THE RIGHT TO OFFER THIS PROPERTY IN ANY MANNER AND RESERVES THE RIGHT TO SELL THE PROPERTY IN ANY MANNER IT SO DESIRES UP TO THE START OF THE AUCTION. AUCTIONEER OR SELLER RESERVES THE RIGHT TO ALTER, MODIFY, OR CHANGE ANY OF THE TERMS OF THIS SALE AT ITS SOLE DISCRETION BEFORE OR AT THE START OF THE AUCTION. THE AUCTION DOES NOT START UNTIL THE AUCTIONEER ACCEPTS THE FIRST BID ON THE DAY OF AUCTION. ALL ANNOUNCEMENTS MADE FROM THE AUCTION BLOCK WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. ABSENTEE AND PHONE BIDDING ARE AVAILABLE. FOR DETAILED INSTRUCTIONS, PLEASE CONTACT OUR OFFICES AT 1.800.332.3767. PROPERTY IS SUBJECT TO PRE-AUCTION OFFERS AND SALE.

By signing below, I have read, understood and agree to the above Terms and Conditions of Sale.

________________________________________ Signature

Date: ____________________

________________________________________ Signature

Date: ____________________


Notes: ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ___________________________________________________________ ___________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________


Directions from Bangor International Airport to the Ferry Terminal Take Maine Ave to Odlin Rd - Head southeast on Godfrey Blvd - Turn right to stay on Godfrey Blvd - At the traffic circle, take the 1st exit onto Maine Ave - At the traffic circle, take the 1st exit and stay on Maine Ave Take US-202 W to Mayo Rd in Hampden - Continue onto Odlin Rd - Turn left onto I-395 E Take exit 2 for US-202 W toward Hampden - Continue onto US-202 W - Turn right onto Western Ave Take Monroe Rd to ME-139 W in Monroe - Turn left onto Mayo Rd - Turn right onto Kennebec Rd - Turn left onto Monroe Rd Follow ME-141 S/Swan Lake Ave and U.S. 1 S to ME-173 N in Lincolnville - Turn right onto ME-139 W - Turn left onto ME-141 S/Swan Lake Ave - Turn right onto U.S. 1 S - Turn left onto ME-173 S/McKay Rd, destination will be on the left From the Ferry Terminal at Islesboro: - Head northeast on Ferry Rd toward Gooseberry Point Rd - Turn left onto W Bay Rd - Slight right onto Main Rd - Turn left onto County Rd - Proceed to Abrams Mountain Road


The Margaret Chase Smith Ferry Summer Schedule 2016 Destinations: Crossing between Lincolnville and Islesboro Crossing Distance: 3 miles, Crossing Time: 20 minutes

DEPARTING LINCOLNVILLE: Tel: 207.734.6935 Fridays Saturdays Sundays 8:00 a.m. 8:00 a.m. 9:00 a.m. 9:00 a.m. 9:00 a.m. 10:00 a.m. 10:00 a.m. 10:00 a.m. 11:00 a.m. 11:00 a.m. 11:00 a.m. 1:00 p.m. 1:00 p.m. 1:00 p.m. 2:00 p.m. 2:00 p.m. 2:00 p.m.

DEPARTING ISLESBORO: Tel: 207.789.5611 Fridays Saturdays Sundays 8:30 a.m. 8:30 a.m. 8:30 a.m. 9:30 a.m. 9:30 a.m. 9:30 a.m. 10:30 a.m. 10:30 a.m. 10:30 a.m. 12:30 p.m. 12:30 p.m. 12:30 p.m. 1:30 p.m. 1:30 p.m. 1:30 p.m. 2:30 p.m. 2:30 p.m. 2:30 p.m. 3:30 p.m. 3:30 p.m. 3:30 p.m. 4:30 p.m. 4:30 p.m. 4:30 p.m.

PLEASE CALL THE FERRY SERVICES AT EACH LOCATION TO RESERVE YOUR CROSSING TIME AND SPACE. Please note the last ferry crossing times!


www.DeCaroAuctions.com 1.800.332.3767


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