Lot # : 1a - T&C for Sale of Real Estate

By bidding on this property, a bid signifies that you have read, understand, and agree to the terms & conditions and have read the disclosure statements found in lot 1 of this auction. AUCTIONEER: RUSSELL D. HARMEYER, IN Auct. Lic. #AU10000277 PLEASE READ AND REVIEW THE REAL ESTATE TERMS THOROUGHLY PRIOR TO BIDDING ON ANY PROPERTY. IF YOU HAVE NOT READ AND UNDERSTAND THESE TERMS, DO NOT BID. BY BIDDING ON THE PROPERTY, BUYER AGREES TO ALL TERMS AND CONDITIONS SET FORTH AND ENTERS INTO A CONTRACTUAL AGREEMENT TO PURCHASE THE PROPERTY UNDER THE FOLLOWING TERMS AND CONDITIONS: ONLINE BIDDING: AUCTION DATE/TIME: Bidding begins: January 1, 2019 @ 8:00 AM EST; Bidding closes: January 10, 2019 @ 6:30 PM UPON CONCLUSION OF THE AUCTION: The Winning Bidder will be emailed a Real Estate Contract to print and is required to fully & correctly complete and properly sign without any modifications. Bidder is to return the completed, signed contract to Halderman-Harmeyer Real Estate Services, Inc. by email, fax, certified mail or delivered in person by 4:00 PM the day following the auction. Along with the completed, signed contract, the Winning Bidder will be required to send the specified non-refundable earnest money deposit as stated in the property description. This non-refundable earnest money deposit will be held in escrow until closing & that amount will then be credited to the Buyer as part of the purchase price of the property. Wire transfer instructions & escrow agreement forms will be provided to the Buyer along with the contract after the auction. Purchaser shall be responsible for all wire transfer fees. Successful bidders not executing and returning the completed contract & earnest money deposit by 4:00 PM the day after the auction will be considered in default. Such default by the Successful Bidder will result in that Bidder's liability to both the Seller and Halderman Harmeyer Real Estate Services. Seller shall have the right to (a) declare this contractual agreement cancelled and recover full damage for its breach, (b) to elect to affirm this contractual agreement and enforce its specific performance or (c) Seller can resell the property either publicly or privately with Halderman-Harmeyer Real Estate Services & in such an event, the Buyer shall be liable for payment of any deficiency realized from the second sale plus all costs, including, but not limited to the holding costs of the property, the expenses of both sales, legal and incidental damages of both the Seller and Halderman-Harmeyer Real Estate Services. In addition, Halderman-Harmeyer Real Estate Services also reserves the right to recover any damages separately from the breach of the Buyer. Both the Successful Bidder and Seller shall indemnify Halderman-Harmeyer Real Estate Services for & hold harmless Halderman-Harmeyer Real Estate Services from any costs, losses, liabilities, or expenses, including attorney fees resulting from Halderman-Harmeyer Real Estate Services being named as a party to any legal action resulting from either Bidders or Sellers failure to fulfill any obligations and undertakings as set forth in this contractual agreement. REAL ESTATE TERMS: o TERMS OF SALE: 10% earnest deposit down with the executed contract, balance due at closing. Your purchase is not subject to financing. o DATE OF CLOSING: The closing will take place on or before February 25, 2019. o POSSESSION: At closing. o REAL ESTATE TAXES: The Seller will pay real estate taxes for 2017 payable in 2018. Buyer will pay all 2018 taxes payable in 2019 and all taxes thereafter. o NO CONTINGENCIES: This Real Estate contract is not contingent on or subject to Buyer's financing, appraisal, survey or inspections of any kind or any other contingencies as agreed to by bidders at registration prior to bidding. o SURVEY: There will be no survey unless required for clear title. If a survey is completed for title purposes, the cost will be split 50/50 between the seller and the buyer. o TITLE: Buyer is entitled to and the Seller will provide clear, insurable title for property and a Personal Representative's Deed upon full payment. o ZONING AND EASEMENTS: Property is being sold subject to any and all easements of record. Property is subject to all state and local zoning ordinances. o AERIAL PHOTOS, Images and Drawings: are for illustration purposes only and not surveyed boundary lines unless specified. o AGENCY: Halderman-Harmeyer Real Estate Services is the Agent and Representative of the Seller. o CONDITION OF PROPERTY: Property is sold 'AS IS, WHERE IS' condition. Halderman-Harmeyer Real Estate Services the Sellers nor their representatives, agents, or employees make express or implied warranties or representations of any kind. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property prior to bidding on the subject property. All information presented in the brochure, website, and all other mediums is subject to verification by all parties relying on it. All sketches and dimensions are approximate. No liability for its accuracy, errors, or omissions is assumed by the Seller, Halderman-Harmeyer Real Estate Services or their Agents or Representatives. Buyer and or Bidder agrees to hold harmless & indemnify Halderman-Harmeyer Real Estate Services and their Agents and their Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc. o DISCLAIMER: All information included herein was derived from sources believed to be correct but is not guaranteed. o NEW DATA, CORRECTIONS, and CHANGES: Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information. BIDDING AND REGISTRATION INFORMATION: BIDDER VERIFICATION: Bidding rights are provisional, and if identity verification is questionable, Halderman-Harmeyer Real Estate Services has the right to reject the registration, and bidding activity will be terminated. The Seller & Halderman-Harmeyer Real Estate Services reserve the right to preclude any person from bidding if there is any question as to the person's credentials, mental fitness, etc. Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account. If the registered bidder's user name is offensive to Halderman-Harmeyer Real Estate Services or in their sole opinion detrimental to Bidding Activity, then Halderman Real Estate Services, Inc. reserves the right to delete the bidder from bidding or unilaterally change the username with notification to the Bidder. When using the website, you must obey any and all local, state and federal laws. Violations will result in termination of web site use privileges. **AUCTION END TIMES: Halderman-Harmeyer Real Estate Services online only auctions are timed events and all bidding will close at specified time. However, our auctions also have what is called an 'Auto Extend' feature. Any bid placed within the final 5 minutes of an auction results in the auction automatically extending 5 additional minutes. The bidding will extend in 5-minute increments from the time the last bid is placed until there are no more bids, and the lots sit idle for 5 minutes. Therefore, the auction will not close until all bidding parties are satisfied, and no one can be outbid at the last second without having another opportunity to bid again. TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software, internet or any other online auction-related technologies, Halderman-Harmeyer Real Estate Services reserves the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software, nor Halderman-Harmeyer Real Estate Services shall be held responsible for a missed bid or the failure of the software to function properly for any reason. CONDUCT OF THE AUCTION: The minimum bid increase will be $1,000. Halderman-Harmeyer Real Estate Services reserves the right to reject any and all bids for any reason and reserves the right to cancel this auction or remove any item or lot from this auction prior to the close of bidding. All decisions of Halderman-Harmeyer Real Estate Services are final. YOUR BID ON THIS AUCTION INDICATES BOTH AN UNDERSTANDING AND AN ACCEPTANCE OF THE TERMS OF THIS CONTRACTUAL AGREEMENT BETWEEN YOURSELF AND THE SELLER.