AUCTION TERMS AND CONDITIONS

The terms and conditions of this auction will be governed by the Contract for Sale of Real Estate (here-in called the Buy & Sell Agreement.) The following terms are a summary provided for the convenience of the bidder.  A sample Buy & Sell Agreement is available from the auction company in the bidder’s packet and should be reviewed prior to the auction. All properties sell “AS IS WHERE IS” with no warranties of any type expressed or implied as to the merchantability, usability, fitness for a particular purpose, or any matter of whatsoever type or nature. Any improvements which must be made are the responsibility of the purchaser. All information advertised or stated was derived from sources believed correct, but is not guaranteed. All property dimensions are only approximations; Purchasers shall rely entirely on their own information, judgment, and inspection of the property and record. Any survey requirements shall be split between Purchasers and Sellers.  Purchasers can inspect prior to the auction. The Real Estate will be sold free and clear of all liens. The Real Estate will be sold subject to any easements and building and use restrictions of record and rights of cropland tenant, if any. Any sale is contingent upon the approval of land divisions by the local unit of government.  Any announcement made at the auction site takes precedence over printed material.

LAND INSPECTION AVAILIBLE AT BUYERS WILL.

DEPOSIT FOR REAL ESTATE:               A total of $10,000 is required at the Auction as a deposit.  Cash or cashier’s check are accepted for the deposit.  This deposit is NOT refundable if the Purchaser does not carry through with the purchase.  Your bidding is not conditional upon financing, so be sure you have arranged financing if needed and are capable of paying cash at the closing.  Contact sales manager for assistance in arranging financing options.

CLOSING TERMS: Balance of purchase price will be due at closing which will be scheduled within 45 days.  Real estate property taxes shall be prorated.  Possession will be given at the closing. Seller shall provide an owner’s title insurance policy in the amount of the purchase price.  Closing will be held at Title Company.  Closing fees will be divided evenly between the Purchaser and the Seller.  Real Estate sells subject to owner’s confirmation, within 72 hours of auction completion.

BUYERS NOTE:      If you are the successful bidder, you must go to the closing table to sign all Buy & Sell Agreement documents immediately following the conclusion of the Auction.  At that time your check will be endorsed as a non-refundable deposit on the Real Estate.  That ability to obtain financing is NOT a contingency of the sale.  The Auction will be conducted at the sole discretion of the Auctioneer and any bids be recognized at their discretion.

NEW DATA:           New data, corrections, or changes could be made after the printing of this brochure.  Please arrive prior to the start of the auction to inspect and consider any new information and changes.

BIDDERS PACKET: More detailed information will be available by contacting the Sale Manager, Jeff Bean, at 517-202-9421 / jeff@jeffbean.net or the Auctioneer, Scott Sykora, at 989-386-9694 / sykora@ironmans.net or John McConnell at 989-429-0444 / mconnell48622@gmail.com  or at www.sykoraauctions.com.

AGENCY DISCLOSURE:        Jeffrey R. Bean, Broker and Scott Sykora Auction Service, Inc., its agents, employees and/or representatives are Exclusive Agents of the Seller.

ANNOUNCEMENTS MADE DAY OF SALE TAKE PRECEDENCE OVER PRINTED MATERIAL.