AUCTION TERMS & CONDITIONS

Formerly Deep South and Tusk Hardwood Online Bankruptcy Auction

All buyers must read & agree to these Terms & Conditions before placing bids. Scroll down to read all Terms

AUCTIONEER'S NOTE: Due to the Covid-19 Pandemic, we will be following the current CDC guidelines during the designated load out & preview times as follows: Attendees must stay at least 6 feet away from one another at all times while on auction site.

5% Buyers Premium on Real Estate

10% Buyers Premium on Equipment & Personal Property

TERMS ON REAL ESTATE
Buyer's Premium: A buyer's premium of five percent (5%) will be added to the bid price to determine the final purchase price on all real estate transactions.

In the event that the real estate and (2) sawmills located in Durant, MS are sold together as a package, then the buyer will be charged a five percent (5%) Buyers Premium.

All offers are made subject the approval of the Federal Bankruptcy Court.

PAYMENT: 20% down at the conclusion of the auction with the balance due in 30 days at closing. Purchaser will receive a Trustee's Deed at closing. Purchaser will be required to pay their side of closing costs. Closing will take place at ________TBD__________ title company. Contact auctioneers if additional information is needed.

Payment Terms: Wooley Auctioneers requires a credit card for bidder verification purposes only. We will never charge your credit card for real estate transactions. Wooley Auctioneers will contact the winning bidder by phone at the conclusion of the auction with detailed payment instructions.

Wooley Auctioneers, Inc. (Auction Company) is providing an Internet auction as a service to Bidder. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall bidder have any kind of claim against Auction Company or anyone else if the Internet service fails to work correctly during the online auction. Auction Company will not be responsible for any missed bids from any source. Internet bidders who desire to make certain their bid is acknowledged should use the proxy bidding feature and leave their maximum bid at least 24 hours before the auction closes.

Auction Company reserves the right to withdraw or re-catalog items in this auction.
Buyer's Contract: Your bids placed on the Wooley Auctioneers website are a contract and you are responsible for paying all amounts due.


Auction Location: Online Only Auction - No Onsite Bidding Available

Additional Terms of Sale:

1. YOUR BID IS A CONTRACT TO BUY should you be the winning bidder.
2. All property is sold "AS IS".
3. By bidding on property, the bidder shows acceptance of the terms of the auction.
4. All announcements made prior to the close of the Internet bidding take precedence over any and all written or verbal statements.
5. Wooley Auctioneers attempts to describe the properties to the best of our abilities however we make no representations or guarantees. In no event shall Wooley Auctioneers, Inc. be held responsible for having made or implied any warranty of merchantability or fitness for a particular purpose. Nor shall we be responsible for any errors or omissions in the description of the properties.

EXPLANATION SOFT CLOSE: if an item receives a bid within the last 2 minutes, then the close time will be extended 2 minutes from the time the bid is placed. The time will continue to be extended for 2 minutes with each newly placed bid and the item will not close until 2 minutes has elapsed with no additional bid activity. This does eliminate "snipers" from our Internet Auctions. Please be assured that we have taken every precaution to set the site up in a transparent manner that allows for the fairest environment for both buyers and sellers.

TERMS ON EQUIPMENT & PERSONAL PROPERTY

BUYER'S PREMIUM: A 10% Buyer's Premium Will Apply to All Purchases.

All offers are made subject the approval of the Federal Bankruptcy Court.

LOAD OUT TIMES: 9:00am - 5:00pm at both locations on the following days: Thursday June 19th - Wednesday, June 24th

AUCTION COMPANY DOES NOT HAVE STAFF OR EQUIPMENT ON HAND TO LOAD. Please come prepared with plenty of help and proper loading equipment for large/heavy items.

SPECIAL TERMS ON CROSS TIE SAWMILL & MAIN SAWMILL IN DURANT: (Auction Lot Numbers 3&4): Buyers will have 21 days from the date of the auction close to remove all sawmill equipment. All equipment must be removed from the premises on or before Thursday, July 9th at 5:00pm. It is the buyers sole responsibility to dismantle & remove all equipment during the designated load out times.

AUCTION LOCATION: Online Only - No Onsite Bidding Available.

PAYMENT OPTIONS: Visa, Master Card, AMEX, Discover, Wire Transfer, Cashier's Check. Contact auction company before this auction closes if you wish to pay via wire transfer or cashiers check: brad@wooleyauctioneers.com or 501-940-3979

PAYMENT: ALL accounts will be settled at the conclusion of this auction. We will immediately charge the credit card you have on file with Wooley Auctioneers/Hibid for your purchases, plus buyer's premiums and sales tax. *** A $25 service fee will be charged to any account whose credit card on file is declined requiring additional time and telephone contact to establish payment for merchandise. Please respond immediately by email if you KNOW that you need to use an alternative credit card.

PARTICIPATION REQUIREMENTS: Name, address, daytime phone number, email address and a Valid Credit Card required for bidding approval.

CURRENCY TYPE: USD

RETENTION OF CREDIT CARD INFORMATION: By providing your credit card information, you authorize Wooley Auctioneers, Inc. to charge your credit card for the purchase amount of any successful bid plus Buyer's Premium.

BUYER'S CONTRACT: Your bids placed on the Wooley Auctioneers website are a contract and you are responsible for paying all amounts due. If you cannot pay for and pick up the items during the times specified, then you must not bid.

FAILURE TO PICK-UP ITEMS: All items MUST BE REMOVED from the premises at the designated times. IF YOU FAIL TO PICK-UP ANY ITEMS on the days that have been scheduled YOU WILL BE CONSIDERED TO HAVE FORFEITED THE ITEMS AND TITLE WILL REVERT BACK TO THE SELLER. Please contact the auction company BEFORE THIS AUCTION CLOSES if you foresee a problem. No Refunds will be issued for abandoned items.

SHIPPING: No shipping options available for this auction. Auction company does not ship.

Wooley Auctioneers, Inc. (Auction Company) is providing an Internet auction as a service to Bidder. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall bidder have any kind of claim against Auction Company or anyone else if the Internet service fails to work correctly during the online auction. Auction Company will not be responsible for any missed bids from any source. Internet bidders who desire to make certain their bid is acknowledged should use the proxy bidding feature and leave their maximum bid at least 24 hours before the auction closes. Auction Company reserves the right to withdraw or re-catalog items in this auction.

SPECIAL TERMS OF SALE

1. YOUR BID IS A CONTRACT TO BUY should you be the winning bidder.
2. All property is sold "AS IS".
3. No returns: All sales are final. There are no returns, refunds, or adjustments.
4. Age Requirement: All bidders must be 18 years of age or older.
5. Our Internet on-line auctions move quickly! If you are interested in an item, bid quickly. If you win an item in the auction you will be notified by email.
6. Any debt collection or dispute proceedings will be heard in Pulaski County, Arkansas.
7. ALL SALES ARE FINAL. Your bid IS A CONTRACT TO BUY should you win.
8. By bidding on any item, the bidder shows acceptance of the terms of the auction.
9. The auction company reserves the right to refuse service to any person.
10. All announcements made prior to the close of the Internet bidding take precedence over any and all written or verbal statements.
11. Wooley Auctioneers attempts to describe the merchandise to the best of our abilities however we make no representations or guarantees. In no event shall Wooley Auctioneers, Inc. be held responsible for having made or implied any warranty of merchantability or fitness for a particular purpose. Nor shall we be responsible for any errors or omissions in the description of the merchandise.

AUCTION COMPANY DOES NOT HAVE STAFF OR EQUIPMENT ON HAND TO LOAD. Please come prepared with plenty of help and proper loading equipment for large/heavy items.

EXPLANATION SOFT CLOSE: if an item receives a bid within the last 2 minutes, then the close time will be extended 2 minutes from the time the bid is placed. The time will continue to be extended for 2 minutes with each newly placed bid and the item will not close until 2 minutes has elapsed with no additional bid activity. This does eliminate "snipers" from our Internet Auctions. Please be assured that we have taken every precaution to set the site up in a transparent manner that allows for the fairest environment for both buyers and sellers.

FORMERLY DEEP SOUTH & TUSK HARDWOOD ONLINE ONLY BANKRUPTCY AUCTION 216 Landrum St. Durant, MS AND 1323 Rialto Rd. Yazoo City, MS BIDDING ENDS THURSDAY, JUNE 18th AT 2:00pm INSPECTION/PREVIEW 216 Landrum St. Durant MS 39063: Tuesday, June 15th & 16th from 9:00am – 12:00noon. 1323 Rialto Rd. Yazoo City MS 39194: Tuesday June 15th & 16th from 1:00pm – 4:00pm LOAD OUT TIMES: 9:00am - 5:00pm at both locations on the following days: Thursday June 19th - Wednesday, June 24th