TERMS AND CONDITIONS FOR THE AUCTION
Representatives: The Auction Way Co. / Gerald A. Bowie, Auctioneer/Broker represents the Sellers, by separate agreements.
Disputes: The auctioneer in charge will settle any disputes as to bids. Auctioneer's decision on such matters will be final.
Announcements: From the auction box auction day will take precedence over any printed or spoken information contained in any advertisements.
Contingency: There are no contingency for financing, nor any other contingencies. All properties are selling "as is" with no warranties other than title expressed or implied.
Restrictions: Buyer will take title to any property purchased at the auction subject to any and all (i) zoning, easements, covenants, conditions, restrictions, right-of-way, reservations, road deeds, leases and any other encumbrances that are imposed by governmental authority, and/or recorded in the real property records and all other official records of the county in which the bid property is located, (ii) all matters appearing on the plat or otherwise common to the subdivision; and (iii) all matters that are visible or may be apparent on the bid property itself.
Liability: All persons who attend the Auction do so at their own risk. Neither the Sellers and / nor The Auction Way Company / Gerald A. Bowie, Broker, nor any other person connected with the auction assume any liability, legal or otherwise, for any accident which may occur.
How Selling: Sells Subject To Owner's Confirmation.
Buyer's Premium: Ten (10) percent will be added to the accepted bid, for the contract price.
Earnest Money Deposit: Not less than ten (10) percent earnest money deposit due the day of auction, your good check is ok; balance all cash payable at closing. Deposit will be placed in the escrow account of the closing attorney.
SURVEY: You will receive a survey of your purchased property, corners have been set but lines have not been cut and staked, if you want the lines cut and staked it will be at buyers expense.
Closing Date And Possession: Must occur on or within 30 days of the auction, by and at office of Benjamin Patrick Lynch III of Southern Title and Escrow, 107 1St Ave NE, Winchester, Tn. 37398, (931) 967-2228. Possession will be given at closing.
Taxes: All property taxes, insurance, and rents (if any) to be prorated as of the closing date.
Title Insurance: At the Buyer's option and expense.
Guarantee Property Condition: Buyer agrees to purchase and accept the property and improvements thereon in its present condition, and property will be auctioned and sold "AS IS, WHERE IS AND WITH ALL FAULTS," The Sellers make no warranty or representation as to the condition of the property or any improvements situated thereon, or the fitness of the property or any part thereof for any particular purpose. without warranties other than title, representations or covenants, expressed or implied, of any kind or nature whatsoever. The applicable seller shall convey title to a property sold at the auction to the buyer by special warranty deed at closing.
Sales Contract: A copy of the contract buyer will be required to sign is available on the web site or upon request. This is a legal and binding document. Please review before bidding and be prepared to sign auction day.
Contract: The terms stated herein shall constitute a contract between the buyer and the seller and be binding on both.
Due Diligence: Buyers are responsible for their own final due diligence.
ALL INFORMATION IN THIS CATALOG OR ANY OTHER ADVERTISMENTS WAS FURNISHED TO US BY SOURCES BELIEVED TO BE RELIABLE, BUT IS NOT GUARANTEED. BUYERS ARE RESPONSIBLE FOR THEIR FINAL DUE DILIGENCE.
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