ABSOLUTE AUCTION

Terms and Conditions:

Terms:  The purchaser shall pay 10% of the purchase price as a down payment at the auction site at the conclusion of bidding.  The balance is due with delivery of the deed on or before November 5th, 2021.

Evidence of Title:  The Buyer will be responsible for any fees associated with the owner’s title insurance policy if one is desired.  Seller agrees to provide merchantable title to the property subject to matters of record, general conditions of title and similar related matters. All tracts are sold “AS IS”.

Real Estate Taxes:  The property taxes shall be paid by the Seller for the Fall 2021 tax bill. All taxes thereafter are the responsibility of the Buyer.  The 2021 payable 2022 property taxes shall be prorated on a calendar year basis as of the day immediately prior to the Closing based on the tax bill for the 2020 payable 2021 property taxes, which shall be deemed conclusive as between Buyer and Seller.

Closing:  Closing shall occur on or before November 5th, 2021.

Mineral Rights:  Mineral Rights are not included with the sale of the land.

Possession: Possession shall be granted to the successful bidder at closing. 

Acreage:  All tract acreages and proposed boundaries are approximate and have been based off of legal descriptions, tax records, aerial maps and other documents.

Disclaimer: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement.  ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.  THE PROPERTY IS SOLD “AS IS, WHERE IS”.  No warranty of representation, either express or implied, or arising by the operation of law concerning the Property is made by the Seller and the Auctioneers and are hereby expressly disclaimed.  In no event shall the Seller or Auctioneer/Broker be liable for any consequential damages.  The information contained herein is believed to be accurate but subject to verification by all parties relying on it.  Seller and Auctioneers assume no liability for its accuracy, errors and omissions.  All boundary lines and dimensions are approximate.  Seller and Auctioneer reserve the right to preclude any person from the bidding if there is any question, in the sole judgment of the Seller and Auctioneers, as to such person’s creditworthiness, ability or willingness to close on the purchase of the property, credentials, fitness, etc.  All decisions of the Auctioneer are final.

There is NO BUYERS PREMIUM.  Normal and customary closing costs will apply.

Sellers: Bankston Creek Trust