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Sale to be held at Clearspring Produce Building
TERMS & CONDITIONS
Procedure: The property will be offered in individual tracts, any combination of tracts,
and as a total unit. There will be open bidding on all tracts and combinations during the
auction as determined by the auctioneer. Bids on tracts, tract combinations and the total
property may compete. All bids are subject to the seller’s acceptance or rejection.
Down Payment: 10% down payment on the day of the auction with the balance in cash
at closing. The down payment may be made in the form of cash, cashier’s check, personal
check or corporate check. Your bidding is not conditional upon financing, so be sure you
have arranged financing, if needed, and are capable of paying cash at closing.
Acceptance of Bid Prices: All successful bidders will be required to enter into purchase
agreements at the auction site immediately following the close of the auction. All final bid
prices are subject to the seller’s acceptance or rejection.
Evidence of Title: Seller shall provide an owner’s title insurance policy in the amount of
the purchase price.
Deed: Seller shall provide neccessary deed(s).
Closing: The balance of the purchase price is due at closing, which will take place within
15 days of presentation of insurable title. Costs for an insured closing shall be shared 50/50
between buyer(s) and seller.
Possession: At final closing, immediately upon 10% down payments for farming
Real Estate Taxes: Seller will pay 2014 real estate taxes due 2015 and buyers shall assume
all future taxes.
Acreage: All tracts acreages, dimensions and proposed boundaries are approximate and
have been estimated based on legal descriptions and/or aerial photos.
FSA Information: Contact the auction company for FSA bases and other information.
Survey: At seller’s option, seller shall provide a survey of the property. Any need for
survey will be determined solely by the seller. The type of survey performed shall be at
the seller’s option and sufficient for providing title insurance.
Agency: Jerry Grogg Inc. and Grogg, Martin, & Mishler auctioneers are the exclusive
agents of the seller.
Easement: Subject to any and all existing easements.
Disclaimer and Absence of Warranties: All information contained in this brochure
and all related materials are subject to the terms and conditions outlined in the
purchase agreement. The property is being sold on an “AS-IS. WHERE-IS” basis, and no
warranty or representation, either expressed or implied, concerning the property is
made by the seller or the auction company. All sketches and dimensions in the sale
bill are approximate. Each potential bidder is responsible for conducting his or her
own independent inspections, investigations, inquiries, and due diligence concerning
the property. The information contained in this sale bill 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. Conduct of the auction and increments of bidding are
at the direction and discretion of the auctioneer. The seller and selling agents reserve
the right to preclude any person from bidding if there is any question as the person’s
credentials, fitness, etc. All decisions of the auctioneer are final.