These conditions of sale supersede any prior oral or printed statement and will be attached and become part of the sales contract.
Southeast Auction has a contract to sell 37 +/- acres located at 9226 Hwy 28 West - Catherine, AL. Consisting of land and out buildings.
The property is sold “AS IS” with no warranties of any kind whether expressed or implied, including, but not limited to, habitability or fitness for a
particular purpose. This property will be sold subject to any existing right-of-way, easements, encroachments, restrictions of record, zoning, flood
plains, health department regulations, public utilities, any state and local law, and the terms and conditions of the sales contract.
Closing cost will be paid by the buyer, up to $250. The auction begins on January 9th and ends on January 19th. Closing will be on or before Feburary 19th, 2018 - 30
days after end of auction. Closing will be at the office of Reynolds, Reynolds & Little LLC, in Tuscaloosa, Alabama at the address given here: 2115 11th Street Tuscaloosa, AL 35401.
The parties will set a closing date when down payment is wired and received, with the auction company arranging closing.
Terms of sale will be 20% down payment to be paid within 72 hours upon being awarded the winning bid. A ten percent (10%) buyer’s premium will be added
to the winning bid price to arrive at the total contract price. This sale is not contingent upon the buyer obtaining financing. The purchaser shall be
required to sign the sales contract and pay the required down payment to the auction clerk at the auction location immediately after the auction or wire the funds to Southeast Auction. Checks
are to be made payable to Southeast Auction and will be held in their escrow account until closing. Funds paid within 72 hours of the end of auction.
In the event that the purchaser fails to close and pay his/her balance when due, the down payment shall be retained by the Seller as liquidated damages.
Buyer and Seller acknowledge that the actual amount of damage sustained by the seller, in the event the buyer fails to close the subject property are
impossible to ascertain; therefore the parties hereby agree upon the amount of the down payment as liquidated damages.
All bidders must register online and be approved by auction company in order to bid.
The Seller and Southeast Auction, make no representation or warranty as to the availability of utilities or adequacy or suitability of the property for
the Purchaser’s purposes. The Seller and Southeast Auction, make no representation of warranty as to concurrency or zoning. Purchaser agrees that
purchaser is not relying on any warranty or representation of Seller or any agent and the purchaser is buying the property “AS IS-WHERE IS” subject
to all faults and without any expressed or implied warranties of any kind, including but not limited to the environmental condition of the property.
Please be advised that the structure located on this property could have been built prior to 1978 and every purchaser of any interest in this property
is notified that such property may present exposure to lead from lead-based paint that may place young children at risk
of developing lead poisoning. The owner has no knowledge of lead based paint but a risk assessment or inspection for possible lead-based paint hazards
is recommended prior to purchase. The seller has no knowledge of when the structure was built and therefore has added this lead paint disclosure so that all
bidders are aware that the date of any buildings are unknown by seller.
All information furnished by the Seller and Southeast Auction is believed to be correct but is not guaranteed. No warranties, statutory or otherwise,
expressed or implied are given by the Seller or Southeast Auction. It is the bidder’s responsibility to inspect the property and be satisfied as to
its condition prior to the auction.
All decisions of the auctioneer shall be final; including but not limited to decisions on matters such as increment of bidding. Disputes among bidders
order of bidders and any other issues that may arise during the sale.
Southeast Auction IS SELLING AGENT ONLY AND MAKES NO REPRESENTATION CONCERNING THIS PROPERTY WHATSOEVER.
Southeast Auction REPRESENTS THE SELLER IN ALL TRANSACTIONS CONCERNING THIS SALE.