AUCTION IS OVER

PROCEDURE: Sealed bid Auction. To obtain a bidder information packet Contact the Auction Managers or Schrader Auction Website. Bidding instructions and delivery information are included in the bidder information packet. The bidder information packets will contain information concerning the Tracts assessments drawings and preliminary title policies.

DOWN PAYMENT: 10% is required with the sealed bid as down payment with balance in cash at closing. The down payment may be in the form of cash cashiers check personal check or corporate check.

BROKER PARTICIPATION: Seller will pay a 3% commission to the appropriately licensed real estate broker whose prospect successfully closes on real estate sold in this auction. The commission is based upon the high bid price of auction not the contract purchase price.

(1) The prospect must be registered by fax (574-858-9759) by mail or by scanned email to gannon@garybaileyauctions.com on the provided registration form which must be received at Schrader Real Estate and Auction Company Inc. P. O. Box 508 Leesburg IN 46538 by Monday July 8 2013. The form must include the agents name prospects name and both agents and prospects signatures. It must state the brokers license number and federal tax identification number.

(2) The broker must show the prospect the property and the Broker Registration Form (enclosed) must be completed in its entirety or it will not be accepted.

(3) The broker must attend and register with the prospect at the property inspection and sign all necessary documents.

(4) There must have been no prior contact regarding this property between client and owner or between client and agents for the Seller.

(5) Commission will be paid by the Seller only upon final closing and when the property has been settled for in full by brokers buyer.

(6) No commission will be paid to any broker or agent participating in the purchase of the property or by any member of the agents family. An affidavit may be required that the broker is serving only as a broker and not as a principal.

(7) There can be no exceptions to the procedure and no oral registration will be accepted. Procedures for broker qualifications as herein outlined will be strictly enforced. No one is authorized to make exception to these rules.

(8) Only the first agent registering a prospective bidder will be honored.

(9) A complete registration file of all prospects will be maintained. For further information or if you have any questions please call 800-659-9759.

APPROVAL OF BID PRICES: The final bid prices are subject to the Sellers acceptance or rejection.

DEED: Sellers shall provide a proper deed.

EVIDENCE OF TITLE: Sellers shall provide title insurance in the amount of the purchase price.

CLOSING: Closing shall take place 15 days after proof of merchantable title.

POSSESSION: at closing.

REAL ESTATE TAXES: Pro-rate to day of closing

ACREAGE LOT SIZE: All acreage or lot sizes are approximate and have been estimated based on current legal descriptions and/or aerial photos.

SURVEY: The properties all have existing legal descriptions. There will be no new surveys.

EASEMENTS: The sale of the property is subject to any and all easements of record.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY included in the bidder information packet and AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. Tract acreage has been estimated based on aerial photographs. The property is being sold on an AS IS WHERE IS basis and no warranty or representation either express or implied concerning the property is made by the Seller or the Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections investigations inquires and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy errors or omissions is assumed by the Seller or the Auction Company. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents Seller and the Auction Company make no warranty or representation express or implied or arising by operation of law including an warranty of merchantability or fitness for a particular purpose of the property or any part thereof and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the persons credentials fitness etc. All decisions of the auctioneer are final.

ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENT

Auction Brochure

Click to access