PROPERTY ADDRESS:
T60N-R35W-S15&22, ☐ 58 acres m/l total, ☐ Tract 1-31 acres m/l, ☐ Tract 2-10 acres m/l, ☐ Tract 3-17 acres m//l, all
located within the legal description and tract information.
CONDITIONS OF SALE: The owner does warrant that they have good merchantable title to the real estate and that they will convey the same with a warranty deed, free from all encumbrances, liens or judgments at the time of closing. Seller will retain an easement for the well/water rights on Tract 1.
ORDER OF SALE: Offering - The real estate shall be offered as separate tracts, combined, or as a whole. Bid price + 10% Buyer's Premium = Contract price.
RESTRICTIONS: Subject to all Andrew County and State of Missouri laws, ordinances and regulations. Also subject to any and all restrictions, zoning and easements of and on record. Seller to retain an easement to well/water rights on Tract 1.
AUCTION CONTRACT: Please note that the Auction Contract you will execute immediately following the close of the auction will be drawn up based on the manner in which you bid. You will be closing on property on which you are the successful bidder in the final manner in which you bid at the auction.
REAL ESTATE BROKERAGE SERVICES DISCLOSURE: West Central Auction Co. represents the seller in this transaction. We do not represent the buyer in any manner, we must be completely loyal and faithful to our client. West Central Auction Co. has an exclusive right to sell listing for this transaction. All negotiations must be conducted through West Central Auction Co. West Central Auction Co. is exclusive agent for the sellers in this transaction.
WEST CENTRAL AUCTION CO. INVOLVEMENT IN THIS CONTRACT: The seller and buyer hereby agree that West Central Auction Co. is a part of this contract and shall receive compensation as stated in agreement hereto or as stated in listing agreement hereby made a part of.
SPECIAL NOTES: All property is being sold “As Is, Where Is” with no warranty written or implied by West Central Auc¬tion Co. or by the sellers. All tracts subject to a survey if sold separately and will be as close as possible to the said acreage in each tract. Contract price will be for the Tract(s) purchased or total acres of the said property.
SPECIAL INSTRUCTIONS: Any special instructions must be written on sales contract today.
CLOSING COST: Seller will prepare a warranty deed. Seller agrees to furnish at Sellers expense an Owner’s Policy of Title Insurance in the amount of the purchase price. Seller and Buyer shall pay their share of the costs of closing.
CLOSING LOCATION/AGENT: Closing agent will be at First American Title Company located in St. Joseph, MO.
TAXES: Taxes will be prorated to the day of closing.
TERMS: Real Estate – 10% of the (Contract price) Down today in Cash or Check, Balance due in 45 days. This transaction is not contingent on financing.
LIQUIDATED DAMAGES: If buyer chooses not to close within stated time herein and no written extension has been granted by the seller, the buyer will forfeit all the deposit. If such action occurs, West Central Auction Co. hereby has the right to disperse the deposit as stated in the listing agreement and the buyer has no claims to such money or property being sold. Liquidated damages are to cover cost of auction, cost incurred by seller, labor cost and additional cost of auction as not defined in this agreement. These liquidated damages do not restrict the seller from suing the buyer for performance damages and/or any additional damages the seller suffers by the default of the buyer.
BACK UP BIDS: If you are not the suc-cessful bidder on the real estate today and wish to make a backup bid in case of default by the high bidder, please see Jeff Pittman to receive a Back Up Bidder Form.
ESCROW: All monies collected on sale day will be placed in the escrow account of First American Title Company Escrow Account as listed herein prior to closing.
POSSESSION: Purchaser shall receive possession of property at closing.
CONFIRMATION: Selling subject to owner’s confirmation. Confirmation of the auction will be made no later than April 10th 2020 at the auction.
All information published, announced or contained herein was derived from sources believed to be correct; however, it is not guaranteed by the seller or the auctioneers. Personal onsite inspection of all property is recommended. The failure of any bidder to inspect, or to be fully informed as to the condition of the property, will not constitute grounds for any claim or demand for adjustment or withdrawal of bid, offer or deposit money after its opening tender. This includes but is not limited to public
information such as easements, restrictions, zoning, right-of-way, or any other information that can be obtained as public record in the Andrew County Court House concerning subject properties. Any and all announcements made from the auction stand take precedence over all other verbal, printed, announced, internet and/or distributed information. Please note that you are buying the property “As Is, Where Is” with no guarantee or warranty.
West Central Auction Co. is the agent of the seller and their fiduciary duties of loyalty and faithfulness are owed to their client (the seller). I was provided a copy of the “Terms and Conditions of Auction Information at the time I registered and have read and understand the information as printed.
I understand this document will be attached and become a part of the Real Auction Sales Contract.
________________________
________________________
Printed Name of Buyer(s)
Home # ________________________
Cell # _________________________
Street _________________________
City __________________________
State _________ Zip _____________
_____________________
_____________________
Buyer(s) Signatures
Date ___ / ___ / 2020
____________________________________
Lender Name
____________________________________
Lender #
____________________________________
Loan officer
____________________________________
____________________________________
Seller(s) Signature
I certify that I have provided the regis¬tered bidder named above with a copy of this “Notice of Auction Information, Terms and Conditions”.
____________________________________Name of Auctioneer
____________________________________ Signature
