Auction Terms & Conditions Terms and Conditions: Tract 1 will require a $5,000(non-refundable) down payment, Tract 2 will require a $5000(non-refundable) down payment, and Tract 3 will require a $15,000 (non-refundable) down payment. Balance due on or before October 22nd. 2016
Growing crops are not included in the purchase of the Tracts that have growing crops.
REAL ESTATE AUCTION CONDITIONS: The terms and conditions of the sale of each property to be sold at auction shall be governed by the terms of the purchase and sales agreement to be executed by successful bidder at the auction. The following information is presented solely for the purpose of providing a summary of the basic terms and conditions of the auction, for specific information relative to each property the real estate broker should be contacted to obtain copies of the form of purchase and sales agreement.
TERMS: This is a cash sale. The successful bidders will be REQUIRED to enter into a purchase and sales agreement which will NOT be contingent upon financing. Tracts 1 & 2 will require a (nonrefundable) deposit of $5,000 down per tract auction day. Tract 3 will require a (nonrefundable) deposit of $15,000 down auction day. If you purchase the farm as a whole, it will require a (nonrefundable) deposit of $25,000 auction day w/balances due on or before October 22, 2016. TAXES: Prorated per current CAUV values. POSSESSION: Tracts 1 and 2 on day of closing. Tract 3 After Fall 2016 Harvest with bank letter of credit or day of closing. All announcements made auction day take precedence over ALL printed materials.
THE PROPERTY BEING SOLD IS WITHOUT WARRANTIES: These properties are being sold in an "AS IS" condition. All properties are selling subject to easements, leasehold interests, mineral and/or oil and gas interests, right-of-ways, and building, use and zoning restrictions, if any. Bidders should inspect property and review all pertinent documents and information available as each bidder is responsible for evaluation of the property and shall not rely upon the Seller, Broker, or Auctioneer.
DISCLAIMER: Information contained in the brochure is based upon the best information available at the time of preparation, and may not depict the current condition of the property. All acreage figures are approximate. All information contained in the brochure is subject to the terms and conditions of sale in the Purchase and Sales Agreement. Seller, Broker and Auctioneer assume no liability for the brochure's accuracy, errors, or omissions. Any CAUV recoup to be the BUYERS' responsibility, if applicable. All statements made auction day take precedence over all printed materials. All government programs effective for 2017 to new purchaser. For more information contact the Auctioneers/Realtors.
ACREAGE: All acreages are approximate and have been estimated based on current legal descriptions and/or aerial photographs.
POSSESSION: Tracts 1 and 2 on day of closing. Tract 3 After Fall 2016 Harvest with bank letter of credit or day of closing.
TAXES: Prorated to day of closing using current CAUV values.
Provided by Seller if required by County. Regular staking by surveyor and at their discretion. Any additional staking requested by purchaser will be paid by purchaser.
This includes if property is bought as a whole and buyer wishes to make splits with others. It will be at buyers cost. Including deed and title work.
1. This is accomplished using the following procedure:
a. During the first round all bids by the tracts or combination bidders will be allowed to raise the bid at whatever increment they desire. After the first round, the tracts or combination/whole must exceed the current high bids of either the tracts or combination/whole or they will receive a strike. Any current leader, whether by all the tracts or combination or whole may pass without a strike.
b. Any bid or sequence of bids that does not move the dollars of a tract or combination ahead when it is his or her turn will be given a strike/pass, unless they are currently in the lead.
c. If any tract or combination bidder wishes to pass, he/she may do so and an X will be placed next to his/her bid. A bidder may pass only three times and on the third pass his/her bid is frozen, removing the option of increasing his/her bid. However, this does not remove the possibility of the bidder being the ultimate purchaser.
d. Once all bidding parties have passed three times, the top bid will be determined and recorded. If the tracts or combinations are not a part of any other combinations, the posted bids will be declared winning bids, but not as sold.
e. Internet bidders if you have the highest bid on any of the tracts or combinations you will need to stay online, in a multi-parcel bidding format you are still responsible for your bid until the completion of the entire auction and you have been notified if you have a winning bid.
Seller User Terms
Bidder User Terms