Terms Tract II

PLEASE READ THESE TERMS CAREFULLY, AS THEY ARE A LEGALLY BINDING CONTRACT BETWEEN ALL BIDDERS WITH IOWA AUCTION GROUP. Iowa Auction group (IAG) have put forth every effort in preparing the catalog(s) to accurately describe each item. Printed or verbal statements made by staff are matters of opinion, and are made in good faith. All items are sold As Is, Where Is, and No Returns allowed. Buyers are responsible for conducting their own inspection during open house/inspection periods, and no allowance will be made for inadvertent errors in cataloging, authenticity, or imperfections not specifically noted. All sales are final ~ a bid is a legally binding contract between purchaser and IAG. The auction companies reserves the right to reject any and all bids for any reason. IAG will not be held responsible in the event of any type of internet/computer malfunction while an auction is in progress. Buyer Premium: There will be no buyers Premium for this auction. A non-refundable 15% down-payment is due per tract the day of the auction with the remaining balance due on or before January 15, 2024. At this time, possession will be granted and the current leases will have been terminated. These farms are offered as a cash transaction and NOT subject to any financing contingencies. Seller will continue the abstract to date and provide clear and marketable title. Buyers will be required to execute a written agreement specifying these terms the day of auction. If payment is not received by the end of pick-up day, accounts due will be charged to your credit card, subject to a 3.5% facilitation fee. Purchases not settled by this time are considered in default. Any merchandise in default, and/or remaining at auction site after pick-up date, are considered forfeited, and will become the property of IAG, and the purchaser will be charged a $20.00(+) per item disposal fee. No refunds will be given. SHIPPING: If your purchases need to be shipped, please use discretion in size and weight. All sales are final, and your purchase is NOT subject to shipping costs. We encourage buyers to pick up items purchased at the specified pick-up time(s), however we will arrange for the items purchased to be brought to a professional shipping company, and will be subject to the professional shipping company's packaging and handling fees. All packing and shipping costs are the Responsibility of the Buyer. All bidders must provide their name, address, daytime phone number, and email address at which they can be contacted, to insure adequate communication between IAG, and their purchasers throughout any transaction. General Information: The auctioneer has the sole discretion to advance and/or reject any bids, should it in his estimation prove injurious to the auction. The auctioneer shall be the final judge in any bidding disputes, and has final authority to name a bidder as the final purchaser. The auctioneer or auction company shall not be held responsible for any 'missed' or unseen bids on live auction. IAG reserve the right to alter this agreement at any time. This will take place by updating this site. Please check back and review auction terms often, as every time you use this site you are agreeing to the terms as they are written at that time. IAG reserve the right to refuse service to any person, or to cancel any auction at any time for any reason. The purchaser agrees to pay all reasonable attorney fees and costs incurred by IAG in the collection of funds owed. The purchaser also agrees that a fee of 2% per month be added to any unpaid balance due the auction company, as well as any other costs or losses incurred due to the purchasers failure to adhere to these terms. Any debt collection or dispute proceedings will be settled by arbitration in Sioux County, Iowa. BIDDER RESPONSIBILITIES INCLUDE, BUT ARE NOT LIMITED, TO: 1. Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account. 2. When using the web site, bidders must obey any and all local state and federal laws. Violations will result in termination of web site use privileges. 3. Auction company employees and/or auction company may bid on auction items. 4. Item descriptions and photographs are not to be used in lieu of personal inspection of any item. ALL SALES ARE FINAL. 5. Please bring loading assistants with you. Some items may require disassembly. Please bring adequate tools and equipment with you.