Special Provisions: •This online auction will have a 5% buyer’s premium. This means the buyer’s premium in the amount of five percent (5%) of the bid amount shall be charged to the Buyer and added to the bid amount to arrive at the total contract purchase price. •10% Earnest money is due on the day the bidding closes and signing of the contracts will take place through email and electronic document signatures. In the event the auction bidding closes after 3:00pm, the earnest money will be due the following business day. Earnest money will be deposited into the Southeast Iowa Realty Trust Account. •If a bid is placed with less than 4 minutes left on the auction, the time on the auction will extend another 4 minutes. This will continue until no bids are placed within the last 4 minutes. •This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies. •If a Buyer is unable to close due to insufficient funds or otherwise, Buyer will be in default and the deposit money will be forfeited. •This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws. •The Buyer acknowledges that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The Buyer is buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the real estate. •All lines, drawings and boundaries are approximate. •Southeast Iowa Realty, Inc. is representing both the Seller and the Buyer. An Exclusive Buyer Representation agreement will be signed at the close of the auction by the Buyer. •Any announcements made the day of sale take precedence over advertising. •The auction sale is for registered bidders and their guests. All bidding is open to the public and the property is offered for sale to qualified purchasers without regard to sex, race, color, religion, natural origin or handicap. •If required, Buyers shall bear the responsibility and expense to have the septic system pumped and inspected, prior to closing, as required by the Iowa DNR. It shall also be the Buyer’s responsibility and expense, if needed, to upgrade, repair, or any other matters to the septic system in accordance with County and Iowa laws and regulations. Prior to closing, the Buyers shall acquire the proper paperwork required by the county for the septic to pass time of transfer. •If, in the future, a site clean-up is required, it shall be the expense of the Buyers. Seller: Donald & Ardella Geerdes Estate Attorney for Seller-Seth Shcroeder For information contact Kevin Dameron Jr. with Southeast Iowa Realty, Inc. 319-209-8089