TERMS:

Terms & Conditions

1. PROCEDURE: Bidding ends Monday, December 8th, 2016 at 11:00 a.m, with a “soft close”, meaning that a last minute bid will extend bidding by 5 minutes.

2.BUYERS PREMIUM: 10% Buyer’s Premium will be added to the final bid price to arrive at the contract sale price. Seller will pay 3% of total sales price plus the $600.00 auction fee. All print advertising is to be paid by seller other than what monthly publications LHA normally advertises in. Advertising is estimated to be $750 to paid by the seller.

3. ACCEPTANCE OF BID PRICES: Winning bidder(s) will enter into a Contract to Purchase immediately upon being declared the Successful Bidder by the Auctioneer. Upon the close of the auction the winning bidder will be forwarded via email a Contract to Purchase. A signed copy of the contract must be received by United Country Land Home and Auction on or before 12:00 NOON, Friday, December 9thst, 2016 (hand delivered, faxed or scanned and emailed). All final bid prices are subject to approval or rejection by Seller.

4. DOWN PAYMENT: 10% of the contract purchase price will be due upon acceptance of the Sales Contract. Bidding is not contingent upon financing. The balance of the purchase price will be due at closing.

5. CLOSING: Closing shall be on or before 3:00 p.m., January 13, 2017.

6. POSSESSION: Possession will be given at closing, subject to the remaining rights of the current tenant, if any.

7. TITLE: Seller shall furnish the buyer(s) at Seller’s expense an Owner’s Policy of Title Insurance in the amount of the purchase price, and agrees to provide and execute a proper deed conveying merchantable title to the real estate to the buyer(s).

8. SURVEY: AT SELLER’S OPTION, the Seller shall provide a new survey where there is no existing legal description sufficient to convey title.

9. REAL ESTATE TAXES: Seller shall pay have paid all prior year real estate taxes. 2016 real estate taxes shall be prorated to the date of closing.

10. Under no circumstances shall Bidder have any kind of claim against United Country Land Home and Auction, or anyone else if the Internet service fails to work correctly before or during the auction.

The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property. Real estate is being sold “As – Is, Where – Is” with NO warranties expressed or implied. Please make all inspections and have financing arranged prior to the end of bidding.

By signing below the Seller approves these Auction Terms & Conditions.