----TERMS:
10% down the day of Auction, balance due in full upon
delivery of the merchantable title and deed free and clear
of all liens and encumbrances except as stated herein and
subject to easements or restrictions of record. A 5% Buyer’s
Premium will be added to the final bill and included in the
total contract price. All bids accepted on the Real Estate
subject to the Sellers approval.
----CONDITIONS: Your bidding is not conditional upon
financing, so be sure you have arranged financing, if
needed, and are capable of paying cash at closing.
----TAXES:
The real estate taxes shall be prorated. Seller shall pay
real estate taxes which are payable during the year in which
closing occurs, and taxes payable during the succeeding
year, prorated to the date of closing. Buyer shall assume
and pay all subsequent taxes.
----POSSESSION: 1 day after closing subject to tenants
rights.
----IMPROVEMENTS & FIXTURES: The Real Estate includes
all improvements and permanent fixtures used in connection
with it, (excluding any satellite receiving station or dish,
components and wiring) now in or on the Real Estate. Buyers
must pay for the inventory heating fuel at time of final
closing.
----SURVEY: The Seller has a legal description for the
property so no survey will be provided. If a survey is
requested it will be paid by the Buyer.
----AGENCY
DISCLOSURE & GENERAL OFFICE POLICIES: Ness Bros. Auction
Staff (Auctioneers and Ringmen) will represent the Seller
exclusively unless Ness Bros. Agent has a signed buyer
agency agreement with buyer, then that agent has a limited
agency with buyer.
----DISCLAIMER & ABSENCE OF WARRANTIES: All information
contained in the brochure and all related materials are
subject to the terms and conditions outlined in the Purchase
Agreement. The property is being sold on an “AS IS, WHERE
IS” basis and no warranty or representation, either
expressed or implied, concerning the property is made by the
Seller or the Auction Company. All sketches and dimensions
in the brochure are approximate. Each potential bidder is
responsible for conducting his or her own independent
inspections, investigations, inquiries, and due diligence
concerning the property. The information contained in this
brochure is subject to verification by all parties relying
on it. No liability for its accuracy, errors, or omissions
is assumed by the seller or the auction co. Conduct of the
auction and increments of bidding are at the direction and
discretion of the auctioneer. The seller and selling agents
reserve the right to preclude any person from bidding if
there is any question as to the person’s credentials,
fitness, etc. All decisions of the Auctioneer are final.
----CLOSING: Balance of purchase price is due in cash at
closing, which will take place on or before the thirtieth
(30th) day following the Effective Date. The fee charged by
any closing agent (including an attorney acting as a closing
agent for both parties, or Buyer’s lender acting in such
capacity) for closing services shall be paid equally by the
parties. Buyer will be responsible for paying a $195.00
transaction fee to be collected at closing.
----NOTE:
The top bidder will be required to enter into a written
agreement to purchase improved real estate contract
irrevocable with earnest money deposited at the auction site
immediately following closing of the auction. By executing
this agreement, buyer is making an offer to seller, buyer’s
offer expires at 11:59 P.M. (local time) September 30, 2008
unless seller timely accepts it. Any personal property left
in the residence and buildings or on the land after
possession date of Real Estate will be inherited by the new
buyers.
THANK YOU
for your interest in this offering. If you have any
questions, please feel free to talk to one of our
representatives.
