Terms<br>
<br>
REAL ESTATE AUCTION<br>
Terms & Conditions<br>
<br>
These announcements supersede any prior oral or printed statements and will be attached to<br>
and become a part of the contract.<br>
<br>
The property will be sold by legal<br>
description and transferred by deed. <br>
<br>
The property offered consist of<br>
Metal Commercial Building and 15 acres, more or less located in Chilton County,<br>
Alabama.<br>
<br>
A 10% buyers premium will be added to the winning bid to<br>
determine the final sales price.<br>
<br>
Example: $100,000 bid, plus $10,000 (10%<br>
buyers premium) equals $110,000 gross sales price. <br>
<br>
The terms are 10%<br>
down payment sale day with the balance due within 45 days. <br>
<br>
Purchaser to receive possession of the property upon delivery of deed at closing.<br>
<br>
Purchaser to pay closing cost and title insurance. Seller guarantees<br>
title to be free and clear. <br>
<br>
Ad Valorem taxes will be prorated at<br>
closing.<br>
<br>
PROPERTY SOLD SUBJECT TO THE FOLLOWING: All outstanding<br>
easements of any kind on said property, including but not limited to, roads, right of<br>
ways, utilities, water lines, and the like; any mineral, oil and past conveyances,<br>
leases or reservations; to any cemeteries that might exist on the property,<br>
outstanding leases recorded or unrecorded; zoning ordinances affecting the property;<br>
restrictions of record; wet lands; all rules and regulations of any appropriated<br>
authority having jurisdiction over the property, and any recorded encroachments of<br>
record.<br>
<br>
<br>
BUYERS NOTE: Prior to the auction all prospective purchases<br>
should examine the property and all surrounding documents carefully as each bidder is<br>
responsible for evaluating the property and shall not rely on the sellers nor the<br>
auctioneers. Sellers and Auctioneers are assuming that the bidders have inspected the<br>
property and are satisfied and accept it “As Is” without warranties expressed or<br>
implied. Personal on-site inspection of the property is recommended. Failure of any<br>
bidder to inspect or to be fully informed as to the condition of all or any portion<br>
of the property offered, will not constitute any grounds for any claim or demand for<br>
adjustment or withdrawal of a bid, offer or earnest money after its opening or<br>
tender.<br>
<br>
All information was obtained from sources deemed<br>
reliable. Although every precaution has been taken to insure accuracy, the sellers<br>
and all of their agents will not be responsible for any errors or omissions<br>
herein.<br>
<br>
Default by the Seller: If the Sellers are unable to make<br>
conveyance and to give title as herein agreed, the earnest money shall be refunded to<br>
the buyer and all obligations of either party shall wholly<br>
cease.<br>
<br>
Default by the Buyer: Should the Buyer default in the<br>
performance of his/her contract in the time and the manner specified, then the<br>
earnest money shall be retained as partial liquidated damages and the seller may sue<br>
for specific performance.<br>
<br>
AGENCY DISCLOSURE: Larry “Chip” Pearce Jr.<br>
has not been an agent for the Buyer in this transaction. Larry “Chip” Pearce Jr. has<br>
been an agent for the Seller in this transaction and is to be paid a commission by<br>
the Seller.<br>
<br>
The Auctioneer reserves the right to reject bids from<br>
anyone who does not comply with the terms and conditions of this auction.
