PROCEDURE: The real estate will be offered in (6) tracts online at www.wilsonauctions.com. Bidding increments are predetermined. DOWN PAYMENT: A 10% down payment is due on the day of the auction with the balance due at closing. The down payment will be paid using the Credit or Debit Card used to register for the auction. Corporate check, cashier's check, or wire transfer will also be accepted as payment if pre-approved with Auction Company. Bidding is not conditional upon financing. Bidders should arrange for financing, if needed, and be capable of paying cash at closing ACCEPTANCE OF BID: The properties at 513 E. Iowa St, 723 Jefferson Ave, and 1435 Olive St. will be sold at ABSOLUTE AUCTION, regardless of price. The properties at 120 E. Maryland St, 1109 Oakley St, and 519 E. Delaware St. will be sold upon approval from seller. Successful bidders will be required to enter into a Purchase Agreement immediately following the auction. A Purchase Agreement will be sent via email for electronic signature. BUYER'S PREMIUM: A 10% Buyer's Premium will be added to the high bid to determine the contract sale price. DEED: Seller shall provide sufficient Deeds conveying title to the properties. Any buyer of a property that sells for $1,000 or less will receive a Quit Claim Deed. CLOSING: The balance of the purchase price is due at closing, which will take place within 30 days of the presentation of insurable title. POSSESSION: Possession of real estate shall be delivered to the buyer at closing. REAL ESTATE TAXES: The real estate taxes will be the responsibility of the buyer beginning with the taxes due and payable in May 2018 and thereafter. ACREAGE: All tract acreages, dimensions, and proposed boundaries outlined on the auction plat and all advertising are approximate and are estimated based on current legal descriptions and/or aerial photos. Purchaser should make his/her own independent determination of acreage prior to bidding. TENANCY DISCLAIMER: Properties identified as occupied may be occupied by one or more third parties. It shall be the sole responsibility of the buyer prior to bidding or closing on the property to conduct his/her own investigation as to the occupancy of the property. Prospective bidders shall not have any contact with current occupants of the property without seller's written consent until after close and funding. As part of this contract, and as set forth in the attached addendum to purchase agreement for occupied properties, buyer is assuming the responsibility of all occupants and/or tenants and any expenses therewith, including, but not limited to, any security deposits or pre-paid rent as set forth in the addendum. Buyer shall defend, indemnify and hold harmless agents, auctioneers, attorneys, sellers and representatives from and against any claims, demands, actions or expenses arising out of any action concerning security deposits and for any eviction or unlawful detainer or other litigation arising out of occupancy, tenancy or lease of the property. DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this ad and all related materials are subject to the terms and conditions outlined in the Purchase Agreement, which shall take precedence. The property is being sold on an "AS IS, WHERE IS" basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or WILLIAM WILSON AUCTION & REALTY, INC., including, but without limitations to fitness for a particular use, physical condition, any specific zoning classification, title, location of utilities, assurance of building permits, driveway permits, or water and septic permits. All sketches and dimensions are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property.