TERMS AND CONDITIONS PARCEL #1
1. The property is described as #143789 Hawkins Rd. Tillsonburg Ontario. Legal Description: Part Lot 17 Concession 11, Dereham, Part 9 and 10, 41R1507, South West Oxford Township, County of Oxford, PIN # 0024-0127 (LT) shall be sold as is, where is, subject to minimal reserve bid.
2. The highest bidder over the reserve shall be the purchaser. No person shall retract their bid. The purchaser shall pay a $100,000 deposit immediately after the auction closes.
3. The purchaser shall complete the sale by May 3rd, 2024 when the balance of said purchase money shall be paid unless previous arrangements have been made. HST if applicable will be in addition to purchase price.
4. Advertised total acreage of 108.38 and tillable acreage of 82 is an approximate acreage and is not grounds for dispute.
5. Immediately after the sale the purchaser shall sign a contract to complete the sale according to these conditions.
6. All adjustments of insurance, rents, local improvement rates and other assessments to be apportioned to the date of completion of sale, when possession shall be given.
7. The purchaser shall not be entitled to abstract or other evidence of title not in the possession of the vendor and shall make any objections to the title in writing to the vendor’s solicitor within 15 days from the date of auction, and in default of making any such objections the purchaser shall be deemed to have accepted the title.
8. The purchaser agrees to accept title subject to any registered municipal agreements and any easements for the supply of domestic utility or telephone services to the property of adjacent properties or for drainage, storm or sanitary sewers, public utility lines or other services. If any objection shall be made which the vendor shall be unable or unwilling to remove, the vendor shall be at liberty to rescind the sale, and in such case the purchaser shall receive back the amount paid, without interest, in full satisfaction of all claims.
9. The purchaser acknowledges that this property will be sold as is, where is, and that the vendor has not made and warranty or representation whatsoever regarding the property or the buildings thereon, including in relation to structural condition, water, sceptic, soil conditions, dimensions, acreage, environmental condition, zoning or permitted future use.
10. If the purchaser fails to comply with the conditions aforesaid or any of them, the deposit and all other payments made thereon shall be forfeited, and the property may be re-sold, and the deficiency, if any, on such re-sale, together with all charges attending the re-sale, shall be made good by the defaulter.
11. Time shall be of the essence of these conditions.
TERMS AND CONDITIONS - PARCEL #2
1. The property is described as #143813 Hawkins Rd. Tillsonburg Ontario. Legal Description: Part Lot 16, Concession 11, Dereham, Part 7 & 8, 41R1507, South West Oxford Township, County of Oxford, PIN 0024-0126 (LT) shall be sold as is, where is, subject to minimal reserve bid.
2. The highest bidder over the reserve shall be the purchaser. No person shall retract their bid. The purchaser shall pay a $100,000 deposit immediately after the auction closes.
3. The purchaser shall complete the sale by May 3rd, 2024 when the balance of said purchase money shall be paid unless previous arrangements have been made. HST if applicable will be in addition to purchase price.
4. Advertised total acreage of 53.98 and tillable acreage of 41.5 is an approximate acreage and is not grounds for dispute.
5. Immediately after the sale the purchaser shall sign a contract to complete the sale according to these conditions.
6. All adjustments of insurance, rents, local improvement rates and other assessments to be apportioned to the date of completion of sale, when possession shall be given.
7. The purchaser shall not be entitled to abstract or other evidence of title not in the possession of the vendor and shall make any objections to the title in writing to the vendor’s solicitor within 15 days from the date of auction, and in default of making any such objections the purchaser shall be deemed to have accepted the title.
8. The purchaser agrees to accept title subject to any registered municipal agreements and any easements for the supply of domestic utility or telephone services to the property of adjacent properties or for drainage, storm or sanitary sewers, public utility lines or other services. If any objection shall be made which the vendor shall be unable or unwilling to remove, the vendor shall be at liberty to rescind the sale, and in such case the purchaser shall receive back the amount paid, without interest, in full satisfaction of all claims.
9. The purchaser acknowledges that this property will be sold as is, where is, and that the vendor has not made and warranty or representation whatsoever regarding the property or the buildings thereon, including in relation to structural condition, water, sceptic, soil conditions, dimensions, acreage, environmental condition, zoning or permitted future use.
10. If the purchaser fails to comply with the conditions aforesaid or any of them, the deposit and all other payments made thereon shall be forfeited, and the property may be re-sold, and the deficiency, if any, on such re-sale, together with all charges attending the re-sale, shall be made good by the defaulter.
11. Time shall be of the essence of these conditions.
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