McFerron Tool & Machine Auction

Business Personal Property Terms: <br>
Cash or check 10% buyer's premium for on-sight bidders &amp; 12% buyers premium for online bidders! Cash, Check (with proper ID), Visa, MasterCard, Debit Card.<br>
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Real Estate Terms:<br>
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PROPERTY ADDRESS: 1503 Vine Street, Harrisonville, Missouri<br>
CONDITIONS OF SALE: EVERYONE MUST REGISTER FOR A BIDDER NUMBER. 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.<br>
ORDER OF SALE: Offering - The real estate will be offered in one tract, as a whole by the dollar. Bid price + 10 % Buyer’s Premium = Contract price.<br>
RESTRICTIONS: Subject only to all City of Harrisonville, Cass County and State of Missouri laws, ordinances and regulations. Also selling to all easements of record. Seller is placing no restrictions on the property.<br>
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.<br>
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. <br>
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.<br>
SPECIAL NOTES: All property is being sold “As Is, Where Is” with no warranty written or implied by West Central Auction Co. or by the sellers.<br>
SPECIAL INSTRUCTIONS: Any special instructions must be written on sales contract today.<br>
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.<br>
CLOSING LOCATION/AGENT: Closing agent/location will be Coffelt Land Title<br>
TAXES: Taxes will be prorated to the day of closing.<br>
BUYER’S PREMIUM: A 10 % Buyer’s Premium will be added to your final bid to equal the contract price.<br>
TERMS: Real Estate – 10% Down today in Cash or Check, Balance due in 30 days. This transaction is not contingent on financing. <br>
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.<br>
BACK UP BIDS: If you are not the successful bidder on the real estate today and wish to make a back up bid in case of default by the high bidder, please see Jason Winter to receive a Back Up Bidder Form.<br>
ESCROW: All monies collected on sale day will be placed in the escrow account of the closing agent as listed herein prior to closing.<br>
POSSESSION: Purchaser shall receive possession of property at closing.<br>
CONFIRMATION: Selling subject to owner’s confirmation<br>
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 on site 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-ways, or any other information that can be obtained as public record in the County Court House and the City of concerning subject properties. Any and all announcements made from the auction stand take precedence over all other verbal, printed, announced, and/or distributed information. Please note that you are buying the property “As Is, Where Is” with no guarantee or warranty.<br>
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).<br>
I was provided a copy of the “Notice of Auction Information, Terms and Conditions” at the time I registered and have read and understand the information as printed.<br>
I understand this document will be attached and become a part of the Real Auction Sales Contract.<br>
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____ __________________________<br>
No. Print Name of Registered Bidder<br>
Phone __________________________<br>
Street ___________________________<br>
City ____________________________<br>
State ________________ Zip _______<br>
________________________ _______<br>
Signature<br>
___ / ___ / 200__<br>
Date<br>
I certify that I have provided the registered bidder named above with a copy of this “Notice of Auction Information, Terms and Conditions”.<br>
________________________________ Name of Broker or Sales Associate<br>
________________________________ Signature