Special Terms
UNITED COUNTRY REAL ESTATE AND AUCTION SERVICES, LLC
Office 1-866-538-0333
David J. Douglas, Auctioneer 937-763-3100
Chip Carpenter, Auctioneer 740-965-1208
Seller: Merchants National Bank
TERMS AND CONDITIONS
Pursuant to the pre-auction sale bills and applicable law, THESE TERMS AND CONDITIONS REPLACE AND SUPERSEDE
ALL PRIOR TERMS AND CONDITIONS OF ANY NATURE, WHETHER WRITTEN, VERBAL, OR OTHERWISE. IT IS THE
BIDDER’S RESPONSIBILITY TO BE FAMILIAR WITH THESE TERMS AND CONDITIONS. By registering for this auction and
placing a bid, bidder acknowledges that these terms and conditions have been disclosed to bidder, and bidder agrees to
be bound by these terms and conditions. Sale is subject to confirmation by the owner.
1. Buyer to pay a Ten Thousand ($10,000) Dollars per tract or Twenty Thousand (20,000) for the whole NONREFUNDABLE earnest money
deposit upon execution of the purchase agreement, to be applied on the purchase price at closing, or retained by Seller if the closing does not
occur. Earnest money deposit will be held by Technetitle Agency Inc of Hillsboro, OH. Balance of purchase price is due in cash at closing
which shall occur on or before June 1, 2015. Real estate taxes shall be prorated to the day of closing based upon the most recent available tax
rate and valuation. Seller will pay for conveyance fee, closing fee not to exceed $150.00, and deed preparation. Title insurance is available to
perspective Buyer at Buyer’s expense. Closing shall take place at Technetitle Agency Inc. of Hillsboro, OH. Seller will pay no other closing
costs. Seller will not pay any CAUV recoupment. Possession shall occur at the time of closing.
2. All real property is selling in its present “AS IS” condition with no warranties expressed or implied by Seller or Seller’s agent. No
representations have been made by Seller or Seller’s agent with regard to fitness of the real property for any particular Buyer’s development
plans. It is Buyer’s responsibility to have any inspection Buyer desires completed prior to auction. It is the Buyer’s responsibility to pay for
and obtain any and all due diligence inspections and inquiries as to feasibility of Buyer’s intended development plans prior to bidding.
Prospective Buyers are advised that due to the large area of land, all inspections are conducted at Buyer’s sole risk. Please take due care while
exploring the property during open houses or inspections. Buyer shall be responsible for any and all damage caused by Buyer to the real
property, crops or personal property.
3. United Country Real Estate and Auction Services, LLC and all agents associated, represent only the Seller in this transaction. Successful
Buyers shall sign an agency disclosure form acknowledging that United Country Real Estate and Auction Services, LLC and its associated
agents are working on behalf of the Seller.
4. All prospective Buyers who desire to participate in the auction must register the day of sale and prior to bidding on property, and must then
provide such personal information as requested by the auctioneer.
5. Seller has specifically reserved the right to have the auctioneer determine the minimum bid advancement that will be accepted from all bidders,
including the amount necessary to “break” winning bids during the multi parcel portion of the auction. This is not an absolute auction and sale
is subject to confirmation by the owner.
6. The auctioneers will handle any disputes at the time of the auction and all decisions will be final.
7. The property will be sold via a multi parcel auction with open bidding on any single tract or combination of tracts at any time up to and until the
conclusion of the auction as determined by the auctioneer or the Seller. All bids are considered offers to purchase. All bids are therefore held
under consideration until the completion of the auction, as determined in the sole discretion of Seller and auctioneer, and no bidder should
leave the auction until the gavel falls.
8. Each successful bidder will be required to immediately execute the posted purchase contract, and deposit the earnest money described
hereinabove. Earnest money deposit will be held by Technetitle Agency Inc. of Hillsboro, OH.
9. Please view the posted title work for any questions on easements, rights of way, leases etc.
10. Property is being offered in the following manner:
Tract 1 consisting of parcels; 14, 16, 17, 18, 19, 20, and 22 with an approx total of 83 acres
Tract 2 consisting of parcels; 1, 4, 6, 8, 9, 10, 11, 12 and 13 with an approx total of 74 acres
Tract 3 All parcels with a total of approx. 157 acres
The property will be sold in the manner that nets the most total dollars.
11. The Auctioneer and/or the Attorney for the seller reserve the right to demand satisfactory written evidence of the authority
of an agent to enter a bid or to execute a purchase contract on behalf of another party.
12. Terms and conditions announced day of auction shall take precedence over printed matter. All information was obtained from reliable sources
but is not guaranteed or warrantied.
13. Realtor cooperation is welcome you must register your clients 48 hours prior to sale on agency disclosure no exceptions.
UNITED COUNTRY REAL ESTATE AND AUCTION SERVICES, LLC
BONDED – LICENSED BY THE OHIO DEPARTMENT OF AGRICULTURE
Buyer Signature __________________________________ Seller Signature___________________________________