7251 Bradley Street & 7251 Lilly Street (Lots 616, 615, 609) Lake Tomahawk, WI Real Estate Terms & Conditions: Auction Closing: Online Bidding of Real Estate will end on Monday January 4, 2016 at 10:00a.m. 10% (Ten Percent) Buyers Fee will be added to all successful bids. 10% Earnest Money Deposit Down Payment on the purchase price will be required with the purchase agreement within 24 hours of auction closing in the form of cash, cashiers, or certified funds, with balance due at closing. Personal and company checks must have bank letter. Checks are to be made payable to or funds deposited in Wausau Sales Real Estate Trust Account. Earnest Money deposits on successful bids are non-refundable. Current taxes will be prorated between the Buyer and the Seller as of date title is conveyed. The successful bidder/bidders will be required to sign a purchase agreement within 24 hours of auction closing. There will be no contingencies written whatsoever including but not limited to financing, use access, survey, zoning, soil suitability, and flood plain or wetland restrictions. Closing: will be within 30 days of Auction closing Occupancy: will be at closing “ADDENDUM A” WILL ACCOMPANY OFFER TO PURCHASE As stated in “Addendum A”, The property will be sold in “AS IS” condition subject to all restrictions and reservations of record and subject to all rights of way and/or easements of record or by use. There are no warranties, expressed or implied with regard to the land or improvements. Seller will convey the property by a Warranty Deed; subject to all restrictions and reservations of record and subject to all rights of way and/or easements of record or by use. Seller will provide title insurance. All announcements prior to Auction Closing will take precedence over any previously printed material or any other oral statements made. Although obtained from sources deemed reliable, information contained in this brochure or in any other printed matter, the Auctioneer, Wausau Sales Corp. its employees, or agents, makes no Warranty or Guarantee expressed or implied, as to the accuracy of the information. ADDENDUM “A” ADDENDUM TO SALE CONTRACT 7251 Bradley Street & 7251 Lilly Street (Lot 616, 615, 609) Lake Tomahawk, WI Buyer is purchasing the property in “AS IS”, “WHERE IS”, AND “WITH ALL FAULTS” condition and not upon any warranties or representations, expressed or implied, made be the Seller or the Seller’s agent and Buyer agrees that no such warranties or representations, expressed or implied, had been made with regard to the land or improvements. The property is serviced by Town of Lake Tomahawk municipal sewer and a private well; Wausau Sales Corp, Chad Glaze Broker, or its agents, makes no warranties or representations as to the condition, function, or operation of these services or the ability of obtaining any type of well or water supply, or quality or quantity thereof. Buyer waives any right to later maintain any legal action based upon any statement or lack of statement of the Seller or the Seller’s agent, including, but not limited to legal actions based upon negligence, negligent misrepresentation, breech of warranty, strict responsibility misrepresentation or deceptive advertising under Sec. 100.18. The terms of this paragraph are contractual and not mere recitals. Buyer waives the right to receive a Real Estate Condition Report and a Lead Based Paint Disclosure and inspection pursuant to Wisconsin Statute 709.08. This disclaimer is given in consideration for the favorable purchase price. The Buyer will be responsible for compliance, including all costs, with the State of Wisconsin Rental Weatherization Standards (Wisconsin Administrative Code, Comm67). __________________________________ ________________________________ Date Buyer _________________________________ ________________________________ Broker Buyer