ONLINE TO LIVE - REAL ESTATE BIDDING
AUCTION TERMS AND CONDITIONS

REGISTRATION: Proper and complete online registration is required to bid online. All bidders must provide name, address, phone number, and email address to register. A credit card is required to actually place a bid on the property. The credit card will be validated before bidding access is granted, but is not a recognized form of payment of the deposit or purchase price. Should a Winning Bidder fail to complete the contract signing process, the required deposit will be charged to the credit card provided at registration. By registering, all bidders acknowledge having read and agree to be bound by the Auction Terms and Conditions. Bidders may register prior to, or during the bidding period. At registration bidders are given the option of receiving emails confirming their individual bids and/or when they are outbid.

BIDDING ONLINE: This property may be purchased at the live auction via either online or onsite bidding. (If you need assistance placing an online bid or prefer to submit a bid in person, please call our office for assistance. 618-833-2227 or 618-614-2345. To place an online bid, bidders enter their "maximum" bid and click the "Place Bid" button. Each time that bidder is outbid by another bidder, the system will automatically bid on their behalf at the established bid increments up to their maximum. In the case of an auction with a reserve, if the max bid amount entered is less than the reserve, the system will place the bid at the max amount. Once the reserve is met, then the system will advance the bid (by the bid increments) only when the bidder is outbid by another bidder, up to the bidders max. The Auctioneer does not know any bidder's maximum bid. The system will not advance a bidder's own bid. The highest online bid at the time the auction converts to a live format, becomes the opening bid in the live auction. That bidders "maximum" bid, if applicable and not yet met, will also carry through to the live auction as described above. Any registered online bidders may continue to bid online in the live auction by logging in at the published auction time. An online bidder wishing to bid live onsite will need to properly register at the auction site and be assigned an onsite bidder number.

BUYER'S PREMIUM: A buyer's premium of five percent (10%) of the high bid shall be added to that bid and included in the total purchase price to be paid by the successful bidder(s). Sample calculation -- High bid = $100,000 Buyer's Premium = $10,000 (10% of 100,000) Total Contract Price = $110,000

FINANCING: Financing is not a contingency of sale in this offering. Therefore, it is strongly recommended that potential bidders ensure in advance that they are able to obtain the necessary financing to close the transaction.

CONTRACT SIGNING FOR WINNING ONLINE BIDDER: At the conclusion of the auction the Winning Bidder will receive an email confirming his or her winning bid status. In this or a subsequent email the Winning Bidder will receive a link to sign all documents electronically along with wiring instructions for submitting the required earnest money deposit to the named title company. The Auctioneer or his representative will contact the Winning Bidder the day of the auction to address any questions concerning the required process. Should the electronic processes described above be unavailable, alternative arrangements will be made. In any event, the contract signing and deposit payment process must be completed by close of business on the day following the auction conclusion. A Winning Bidder whose documents and deposit are not received within the required timeframe is subject to paying a liquidated damages amount equal to the down payment (charged to the credit card used at registration) and will not be allowed to bid in any future Joe Ollis Real Estate & Auction, LLC auction events. Note that property-specific purchase documents are available prior to the auction end date and any professional reviews of such documents should be undertaken PRIOR to bidding. All final bids are subject to Seller's reserve, unless advertised otherwise. Any property with a high bid exceeding the Seller's reserve will be declared "sold" by the Auctioneer. In instances where the seller's reserve was not met in the auction, the signed contract and accompanying deposit will be presented to the Seller for approval, which shall be given or denied in the Seller's sole discretion within 5 business days. If approval is denied, all documents and the deposit will be returned immediately.

DOWN PAYMENT (DEPOSIT): The Winning Bidder shall be required to make an earnest money down payment in the amount of : Tract 1 $7,500, Tract 2 $2,500, Tract 3 $1,000, Tract 4 $1,000. This deposit must be paid by wire transfer (or by check or cash), by close of business the day following the bidder being declared the Winning Bidder. Winning Bidders whose documents and deposit are not received within the required timeframe are subject to paying a liquidated damages amount equal to the down payment (charged to the credit card used at registration) and will not be allowed to bid in any future Joe Ollis Real Estate & Auction, LLC auction events.

CLOSING: The Winning Bidder shall close on or before June 26, 2019.

EVIDENCE OF TITLE: Seller shall furnish at seller's expense an Owner's Policy of Title Insurance in the amount of the total purchase price and shall execute a general warranty deed conveying the real estate to the buyer(s).

REAL ESTATE TAXES & ASSESSMENTS: 2018 taxes are to be prorated as of the closing date.

EASEMENTS AND LEASES: Sale of said property is subject to any and all easements of record and any and all leases.

AGENCY: Joe Ollis Real Estate & Auction, LLC and its representatives are Exclusive Agents of the Seller.

DISCLAIMERS AND ABSENCE OF WARRANTIES: The information in the auction advertising was obtained from sources believed to be accurate, but is subject to verification by all parties relying on it. All sketches and dimensions are approximate. No liability for its accuracy, errors or omissions is assumed by the Seller or the auction company. All bidders are responsible for conducting their own inspections, investigations, inquiries and due diligence concerning the property. The property is being offered on an "AS IS", "WHERE IS" basis and no warranty or representations, expressed or implied, is made by the Seller or the auction company. All information contained in the advertising and all related materials are subject to the terms and conditions outlined in the purchase agreement. This property is available for and subject to sale prior to auction.

TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software, internet or any other auction-related technologies, Joe Ollis Real Estate & Auction, LLC reserves the right to extend bidding, continue the bidding or close the bidding. Neither the company providing the software, nor Joe Ollis Real Estate & Auction, LLC shall be held responsible for the failure of the software to function properly for any reason.

PRE-AUCTION SALES: As exclusive agents for the Seller, the Auctioneer has a fiduciary obligation to present any and all offers to the Seller. Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all auction terms and be submitted to the Auctioneer on the Real Estate Sale Contract along with the required deposit. Properly submitted offers will be presented to the Seller, who may accept or reject such offer in their sole and absolute discretion. We hope you enjoy bidding in the online auction!

Wagon Creek Ranch Approximately 32 Acres & 46 Lots To Be Offered As A Whole Or In Combinations Real Estate Auction Live & Simulcast Wagon Creek Loop, Creal Springs, IL. Saturday April 27, 2019 10:00 A.M. Lake of Egypt~Waterfront Don't miss this opportunity to own the perfect building site for your weekend retreat or permanent home in beautiful Southern Illinois. This property is being offered in 4 tracts or in combinations. Call auction co. today for more information. Tract 1: Approximately 32 Acres With 23 Lots in Wagon Creek Subdivision. Lots approximately equal 9.83 Acres and a few are water front. This tract is located on Wagon Creek Loop and the lots are situated on both sides of the road. Utilities include city water & sewer plus electric is available. Earnest money on Tract 1 is $7,500.00. Parcel Numbers: 02-03-302-000 32.67 AC $22.20 02-04-404-008 Lots 8,10, 11 $225.06 02-04-404-029 Lots 12&13 $158.48 02-04-404-013 Lots 14-17 $344.32 02-04-404-018 Lots 18-22 $430.42 02-04-404-023 Lots 23-26 $344.32 02-04-404-028 Lots 28 $317.90 02-04-404-033 Lots 34&35 $158.96 Tract 2: Includes 18 Lots equaling approximately 4 acres in Wagon Creek 1st Addition. Tract 2 is located in between Wagon Creek Loop and Ranch Lane. Utilities include city water & sewer plus electric is available. Earnest money on Tract 2 is $2,500. Parcel Numbers: 02-30-310-012 Lot 20 $312.54 02-03-310-011 Lot 21 $182.28 02-30-310-010 Lot 22 $182.28 02-30-310-009 Lot 23 $182.28 02-03-310-008 Lot 24 $182.28 02-03-310-007 Lot 25 $182.28 02-03-310-006 Lot 26 $182.28 02-03-310-005 Lot 27 $182.28 02-03-310-004 Lot 28 $182.28 02-03-310-003 Lot 29 $182.28 02-03-310-015 Lot 34 $312.54 02-03-310-016 Lot 35 $182.28 02-03-310-017 Lot 36 $182.28 02-03-310-018 Lot 37 $182.28 02-03-310-019 Lot 38 $182.28 02-03-310-020 Lot 39 $182.28 02-03-310-021 Lot 40 $182.28 02-03-310-022 Lot 41 $234.42 Tract 3: Includes lots 4,5, &6 equaling approximately 0.63 Acres in Wagon Creek 1st Addition. This tract is waterfront and located off Wagon Creek Loop on Cut-Off Rd. Utilities include city water & sewer plus electric is available. Earnest money on Tract 3 is $1,000.00. Parcel Numbers: 02-03-310-026 Lot 4 $1,172.06 02-03-310-027 Lot 5 $1,172.06 02-03-310-028 Lot 6 $1,172.06 Tract 4: Includes lots 9&10 Equaling 0.54 Acres in Wagon Creek 1st Addition and is water front. This Tract is located off Ranch Lane and Cut-Off Rd. Utilities include city water & sewer plus electric is available. Earnest money on Tract 4 is $1,000.00. Parcel Numbers: 02-03-010-031 Lot 9 $442.82 02-03-310-032 Lot 10 $1,172.06 Real Estate Terms: Successful bidder or bidders will be required to enter into a written contract and deposit earnest money on each tract on auction day. Balance due on or before June 26, 2019. Deed and title insurance will be provided by seller. Possession will be given on date of closing. A 10 percent (10%) buyer's premium will apply to the high bid to establish the contract price. Make your financial arrangements prior to auction. Potential buyers may make any inspections prior to auction. www.ollisauction.com 400 New Hope Road Buncombe, IL 62912 (618) 833-2227 Toll Free 800-272-9791 Joe Ollis Auction Service, LLC IL License # 444.000380 Information Herein Believed to Be Accurate but Not Warranted