TERMS AND CONDITIONS:
MANNER OF SALE
Sale is absolute with the property selling to the highest bidder auction day without minimum or reserve. Real estate will be offered in three individual tracts and in combinations of tracts.
TERMS
15% down day of sale with the balance due at closing, on or before May 21, 2008. Personal and corporate checks are acceptable for the down payment with the final payment in certified funds. Purchase is not contingent upon financing, appraisal or inspections. Financing, if necessary, must be approved prior to the auction. Each successful bidder will be required to enter into a Purchase Contract immediately following the auction. Copies of the contract will be available prior to the sale.
EVIDENCE OF TITLE
Seller will provide title insurance to the Buyer(s) in the amount of the purchase price. Title insurance policy commitments will be provided on sale day.
INSPECTIONS
Each potential bidder is responsible for conducting his own independent inspections and due diligence concerning pertinent facts about the property prior to sale. All information is deemed to be from reliable sources. Neither the Seller nor Shay Realty, Inc. are making any warranties about the property, either expressed or implied. To schedule inspections of land, contact Shay Realty, Inc.
ACREAGES
All acreages are considered to be approximate and tracts will be sold by acres advertised. The acreage figures are from reliable sources. All FSA information is subject to change. The FSA acres may not be the same as deeded acres.
TAXES
All taxes are considered approximate. Seller will pay the 2007 and prior years’ taxes with the taxes for 2008 and subsequent years to be the responsibility of the Buyer(s).
FSA PAYMENTS
Buyer to receive all of 2008 FSA payments.
MINERAL RIGHTS
ALl Sellers' interest going to Buyer(s).
EASEMENTS
Sale is subject to all rights-of-way and easements, whether recorded or not, and subject to any oil and gas leases of record.
POSSESSION & CROPS
Possession at Closing on all land. There are no growing crops.
SURVEY
Surveys, if desired, shall be the responsibility of the Buyer(s).
AGENCY
The Listing Broker with Shay Realty, Inc. is the Seller’s Agent. No compensation for other agents available for this transaction. Announcements made at the auction take precedence over any printed material or prior representations.
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