Lot # : 1 - Historic Golconda Building For Sale

TERMS AND CONDITIONS: This is a ONLINE ONLY auction for the sale of real estate. All property sold "AS-IS" without warranty or guarantee of any kind. Please inspect photos and attend inspection date. For questions contact 3D Auctiions at 618-614-2779 or pm on Facebook. GENERAL ONLINE AUCTION TERMS & CONDITIONS: VERY IMPORTANT!!! READ CAREFULLY BEFORE YOU ATTEMPT TO BID. ONCE YOU BID, YOU WILL BE BOUND LEGALLY BY THE FOLLOWING TERMS AND CONDITIONS AS STATED!! AUCTION TIME FRAME: The auction will be ONLINE ONLY from August 23, 2023-September 18, 2023 with a soft close starting at 8:00 pm CST. Open House: Monday, August 28, 2023 from 10-12 pm or For private showing of property - Contact Auction Company at 618-614-2779. Consignors: K. & J. Bosecker, Golconda, IL BUYER'S PREMIUM: 5% REAL ESTATE TERMS: Successful bidder or bidders will be required to enter into a written contract and deposit $3000.00 earnest money on auction day (nonrefundable) Balance due on or before closing. Deed and title insurance will be furnished by the seller. Possession will be given on date of closing. Three (3) percent (%) buyers' premium will be added to last bid for final amount. Make your financial arrangements prior to auction. Potential buyers may make any inspections prior to auction. GENERAL TERMS: The auction will be conducted by 3D Auctions on behalf of the owners of the property, referred to as the Seller. Auctioneer is not responsible for the acts or representations of Seller. The auction shall be governed by the terms set forth herein (the agreement), and any additional terms and conditions that are posted concerning the specific property. The Agreement constitutes a valid, binding contract between individuals participating in the auction with the intent to purchase property, referred to as the Bidder or Buyer, and Seller/Auctioneer. The term Bidder or Buyer shall include, but not limited to, the individual or the company represented by the individual and any and all of its agents, employees, representatives, officers, and directors. Auctioneer is not responsible for statements made by the Bidder, Buyer, or other parties. Auctioneer reserves the right to periodically change the terms and conditions of the Agreement, which shall be effective immediately upon posting. It is the Bidders responsibility to review any and all changes made to these terms and conditions prior to bidding on property. The act of submitting a bid shall constitute Bidder acceptance of each and every term and condition contained herein, any additional terms and conditions posted with the property, and any changes made within the full agreement. All persons attending, inspecting or removing property assume all risks whatsoever of damage or loss to person and property and specifically release the Auctioneer from all liability. Auctioneer is not liable by reason of any defect in, or condition of, the property or the premises on which the preview/sale is held. Auctioneer is released for any claims to actual damage to the property sold and/or consequential damages that may result from the sale of defective property. Real Estate Terms & Conditions: The real estate sells subject to all county and state laws, ordinances and regulations and any easements, encumbrances, leases and restrictions applicable to the property. Taxes and assessments will be pro-rated to the closing date. Conditions of Sale: This online only auction is not contingent on or subject to financing, appraisal, survey, or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the Contract for Sale of Real Estate. Seller and Buyer(s) shall pay their share of the costs of closing. Buyer acknowledges they are buying property "as-is" without inspections or contingencies. Buyer (s) will rely on his/her own judgment and inspection. Closing: A buyer's premium of 5% is added to the high bid. Please take this into consideration when bidding. At the close of the auction, the successful bidder will enter into a written Contract for Sale of Real Estate within twenty-four (24) hours of the completion of the auction along with earnest money. If method of payment of the earnest money is made by credit card, there will be a 5% fee charged. The entirety of the remaining balance is due at closing. Buyer will be responsible for all wire transfers. Per the Contract, time is of the essence. Possession shall be given to the successful buyer(s) at closing. Seller will provide deed preparation. Liquidated Damages: Successful bidders not executing and returning their Contract with earnest money within 24 hours of the conclusion of the auction will be considered in default. If your closing is delayed for any reason, by you, as purchaser, or other parties working on your behalf, including any lender you involve, you may be declared in breach of the contract, forfeit all deposits made and could additionally be liable for any and all costs incurred by Seller and 3D Auctions incurred in a subsequent resale of the property. If such action occurs, 3D Auctions hereby has the right to disperse the deposit as stated in the listing agreement and the buyer has no claims to such money or property being sold. Liquidated damages are to cover cost of auction, cost incurred by seller, labor cost and additional cost of auction as not defined in this agreement. These liquidated damages do not restrict the seller from suing the buyer for performance damages and /or any additional damages the seller suffers by the default of the buyer. Other Conditions: There are no contingencies to this sale (ie. financing, appraisal, repairs, or inspections). Therefore, you should be pre-qualified by a lender prior to bidding if you require financing. 3D Auctions reserves the right to remove or cancel the bids and or bidding rights and privileges of any party at any time deemed not to be in the best interest of the seller. The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, 3D Auctions will reject the registration, and bidding activity will be terminated. 3D Auctions has timed events. This auction has an extended bidding or "soft close" feature. When a bid is submitted in the final two minutes of the auction for a lot, the bidding for that lot will be extended for an additional two minutes. This will continue until there are no longer any bids submitted for that individual lot. Real Estate Brokerage Services Disclosure: 3D Auctions and their representatives are exclusive agents of the seller(s). We do not represent the buyer(s) in any manner and we must be completely loyal and faithful to our client. 3D Auctions has an exclusive right to sell listing for this transaction. All negotiations must be conducted through 3D Auctions. 3D Auctions involvement in this contract: The seller and buyer hereby agree that 3D Auctions is a part of this contract and shall receive compensation as stated in the agreement hereto or as stated in the listing agreement hereby made a part of. Disclosures/No warranty: There is no warranty offered, expressed or implied, by 3D Auctions or Sellers for any property. All property is sold AS-IS, WHERE-IS, and with all faults and defects therein. All information provided is believed to be correct but NO warranty as such is either expressed or implied, including but not limited to the merchantability or fitness for a particular purpose. Bidder is solely responsible to determine condition, age, authenticity, value or any other determinative factor. Bidder inspection of the property prior to submitting a bid is strongly recommended. ALL SALES ARE FINAL!! Auctioneer reserves the right to sell property absolute or with reserve, at Sellers discretion. The Seller DOES have the right to make the final bid and the Auctioneer DOES have the right to bid on behalf of the Seller. The auctioneer reserves the right to open the bid as the result of a tie bid or discrepancies in the bid. Buyer assumes full responsibility of property at time of purchase, and all risk of loss and damage to property. All titles will be assigned to registered buyer unless notification is received by auctioneer at the end of auction. Additional auction information: All information published, announced or contained herein was derived from sources believed to be correct; however, it is not guaranteed by the seller or the auctioneer. Personal on-site inspection of all property is recommended. The failture of any bidder to inspect, or to be fully informed as to the condition of the property, will not constitute grounds for any claim or demand for adjustment or withdrawal of bid, offer, or deposit money after its opening tender. This includes, but is not limited to, public information such as easements, restrictions, zoning, right-of-ways, or any other information that can be obtained as public record in the appropriate county court house concerning subject properties. Technical Issues: In the event there are technical difficulties related to the server, software, internet or any other auction related technologies, 3D Auctions reserves the right to extend bidding, continue the bidding or close the bidding. Neither the company providing the software, nor 3D Auctions shall be held responsible for the failure of the software to function properly for any reason. BIDDER REGISTRATION: Bidder must be 18 years of age or older, and are required to register for the auction. In registration, Bidder must submit information found to be current, complete, and accurate for proper identification. Auctioneer does not sell or rent this information. Auctioneer uses email mailing lists to notify customers about online and live auctions. Customers who do not wish to be notified should contact the office of the Auctioneer and request removal from the email mailing list. Bidder is responsible for security of his/her bidding number/user name and password, and any and all bids placed under the assigned number/ID. Auctioneer should be notified immediately if Bidder believes number and/or password have been compromised. Auctioneer reserves the right to terminate registration, deny any person for any reason permission or access to bid, to reject any and all bids, and to suspend or ban Bidder from bidding, at Auctioneers sole discretion. Bidder registration is not transferable or assignable. BIDDING: Bidder must register to participate in the auction. Read the descriptions of each lot and view photographs carefully. If you have any questions call 618-614-2779. Should you visit the viewing location, please personally inspect the property on which you intend to bid during the date(s) indicated in the details per item when applicable. Using YOUR knowledge and experience, form your own opinion of the property and bid accordingly. If you are in doubt, DO NOT BID. All items are sold "AS-IS WHERE IS AND WITH ALL FAULTS" this is an AUCTION and all SALES ARE FINAL. Bids cannot be retracted and are binding contracts between Bidder and Auctioneer/Seller. Bidder is accountable to be informed about property and associated costs before bidding. A maximum bid can be placed on property. A maximum bid is kept confidential, and Bidder authorizes Auctioneer to place bids on his/her behalf up to the amount of the maximum bid. Upon sale of property, identifying information and purchase amount will be posted for a designated period of time. All questions or disputes must be resolved immediately; no changes or adjustments will be made at a later date. Auctioneer reserves the right to reopen bidding. Auctioneer decisions will be final. BUYERS PREMIUM: A Buyers premium of 5% will be charged on each purchase.. A buyer's premium, an advertised percentage of the high bid or flat fee added to the high bid will be added to the high bid and become part of the purchase amount at settlement. Buyer agrees to these provisions and will pay the applicable buyer's premium. Example if a property is sold for $20000 + 5% buyer's premium = Final bid price of $21000. CHOICE OF LAW: The laws of the Illinois governs this agreement any dispute arising from the terms of this auction shall be brought in a court of Union County, Illinois. ONLINE BIDDING INFORMATION: The auction will be conducted as a ONLINE ONLY AUCTION on 3ddauctions.hibid.com.Please register on this site well in advance of the auction. If you need assistance, don't hesitate to contact us at 618-614-2779. BIDDING IN THE ONLINE AUCTION: Bidder acknowledges that hardware malfunctions, software malfunctions, viruses, and similar issues do occur and are beyond the knowledge, scope, and control of Auctioneer. We are NOT responsible for your system malfunctions, connection to the internet or your e-mail client stopping any of our e-mails to you in regard to bid confirmations and/or outbid notifications. All lots for the on-line auctions shall be paid in full prior to pick up. An invoice will be sent to your registered e-mail address within 24 hours following the conclusion of the auction. Technical Issues: In the event there are technical difficulties related to the server, software, internet or any other auction related technologies, 3D Auctions reserves the right to extend bidding, continue the bidding or close the bidding. Neither the company providing the software, nor 3D Auctions shall be held responsible for the failure of the software to function properly for any reason.