Auction Terms & Conditions DOWN PAYMENT:$2,500 down payment for each property within 24 hours of auction closing and with balance due at closing. The down payment will be in the form of WIRE TRANSFER ONLY. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, PLEASE BE SURE AND ARE CAPABLE OF PAYING CASH AT CLOSING. If THE BUYER IS UNABLE TO CLOSE THE SALE THE DOWN PAYMENT WILL BE FORFEITED. BUYER`S PREMIUM: A buyer's premium of 10%, with a minimum of $3500 per property, will be added to the final bid price of the property. APPROVAL OF BID PRICES: The successful bidder will be required to enter into purchase agreement immediately following the close of the auction by electronic email. The final bid price is subject to the Sellers acceptance or rejection. DEED: Seller shall provide a Warranty deed. EVIDENCE OF TITLE: Seller shall provide title insurance in the amount of the purchase price. CLOSING: Closing shall take place on or before Thursday January 6, 2022 at Peoria Title. POSSESSION: At closing. REAL ESTATE TAXES: Taxes are pro-rated and final at day of closing ACREAGE: All acreage is approximate and has been estimated based on current legal descriptions and/or aerial photos. SURVEY: There shall be no survey EASEMENTS: The sale of the property is subject to any and all easements of record. DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. Tract acreage has been estimated based on aerial photographs. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or the Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires, 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 Company. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company 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.
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