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Terms and Conditions of Auction<br>
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Joseph D. Stid Trust <br>
Grain Handling System Auction <br>
September 22, 2011<br>
<br>
<br>
1. Bidding will remain open until the close of the auction. Bidding will be on a lump sum basis and conducted Online Only.<br>
<br>
2. A Buyer’s Premium of 10% of the successful bid will be added to the high bid price. Please take this into consideration when bidding. <br>
<br>
3. Cash, check with bank letter, Visa, MasterCard accepted.<br>
<br>
4. Buyer(s) must be prepared to make a cash offer. No financing is available. Not being sold subject to buyer(s) obtaining financing. Buyer(s) must be capable of paying cash at closing.<br>
<br>
5. All items to be paid for by September 23, 2011.<br>
<br>
6. All equipment is sold subject to Seller(s) acceptance or rejection. Auctioneers and sales agents reserve the right to negotiate final sales price on behalf of the seller.<br>
<br>
7. All Sheridan Realty & Auction Co. Online Only Auctions are timed events that have an auto-extend feature. Any bid placed on an item within 5 minutes of the auction ending will automatically extend the auction for 5 minutes on that item. Example: If an auction scheduled to end at 6:00 pm receives a bid at 5:59 pm, the close time of the auction automatically extends to 6:05 pm. The auto-extend feature remains active on a per-item basis until no further bids are received within the 5 minute time frame.<br>
<br>
8. Buyer acknowledges they are buying property in AS-IS condition, without inspections or contingencies. Buyer(s) will rely on his/her own judgment and inspection.<br>
<br>
9. Buyer must provide a copy of liability coverage and must name Mary Stid as additional insured. Call office for details, 517-676-9800.<br>
<br>
10. Buyers to remove equipment by August 30, 2012. Contact auction company to coordinate load out.<br>
<br>
11. Tract 4 Special Terms: Buyer agrees to cooperate with load out time line of tracts 1-3 & 6, because downspouts must be removed prior to bin removal.
<br>
Joseph D. Stid Trust <br>
Grain Handling System Auction <br>
September 22, 2011<br>
<br>
<br>
1. Bidding will remain open until the close of the auction. Bidding will be on a lump sum basis and conducted Online Only.<br>
<br>
2. A Buyer’s Premium of 10% of the successful bid will be added to the high bid price. Please take this into consideration when bidding. <br>
<br>
3. Cash, check with bank letter, Visa, MasterCard accepted.<br>
<br>
4. Buyer(s) must be prepared to make a cash offer. No financing is available. Not being sold subject to buyer(s) obtaining financing. Buyer(s) must be capable of paying cash at closing.<br>
<br>
5. All items to be paid for by September 23, 2011.<br>
<br>
6. All equipment is sold subject to Seller(s) acceptance or rejection. Auctioneers and sales agents reserve the right to negotiate final sales price on behalf of the seller.<br>
<br>
7. All Sheridan Realty & Auction Co. Online Only Auctions are timed events that have an auto-extend feature. Any bid placed on an item within 5 minutes of the auction ending will automatically extend the auction for 5 minutes on that item. Example: If an auction scheduled to end at 6:00 pm receives a bid at 5:59 pm, the close time of the auction automatically extends to 6:05 pm. The auto-extend feature remains active on a per-item basis until no further bids are received within the 5 minute time frame.<br>
<br>
8. Buyer acknowledges they are buying property in AS-IS condition, without inspections or contingencies. Buyer(s) will rely on his/her own judgment and inspection.<br>
<br>
9. Buyer must provide a copy of liability coverage and must name Mary Stid as additional insured. Call office for details, 517-676-9800.<br>
<br>
10. Buyers to remove equipment by August 30, 2012. Contact auction company to coordinate load out.<br>
<br>
11. Tract 4 Special Terms: Buyer agrees to cooperate with load out time line of tracts 1-3 & 6, because downspouts must be removed prior to bin removal.