SELLERS WILL HAVE THE RIGHT TO ACCEPT OR REJECT THE FINAL BID ON THE PROPERTY BY 5 PM ON JUNE 27TH, 2022.  IF ACCEPTED , SUCCESSFUL BIDDER WILL SIGN A PURCHASE AGREEMENT AND PLACE A $10,000 EARNEST DEPOSIT INTO BLAIR TITLE AND CLOSE ON OR BEFORE AUGUST 15TH, 2022.


TERMS OF AUCTION:
ALL INTERESTED PARTIES MUST REGISTER TO BID AT WWW.SPENCERAUCTIONGROUP.COM

INTERESTED PARTIES MUST AGREE TO TERMS AND CONDITIONS OF THE AUCTION.

OBTAIN A COPY OF THE PROPERTY DISCLOSURE FROM SPENCER AUCTION GROUP, AND SUBMIT A BANK LETTER OF CREDIT.  YOUR BIDDING IS NOT SUBJECT TO FINANCING AND YOU WILL NOT BE APPROVED TO BID UNTIL YOUR BANK LETTER HAS BEEN RECEIVED. 
YOUR BID IS NOT SUBJECT TO INSPECTIONS OR CONTINGENCIES.  YOU ARE BIDDING ON THIS PROPERTY IN IT'S AS-IS WHERE IS CONDITION.

SELLERS WILL HAVE THE RIGHT TO ACCEPT OR REJECT THE FINAL BID ON THE PROPERTY BY 5 P.M. ON JUNE 27TH, 2022.  IF ACCEPTED , SUCCESSFUL BIDDER WILL SIGN A PURCHASE AGREEMENT AND PLACE A $10,000 EARNEST DEPOSIT TO BLAIR TITLE TRUST ACCOUNT WHERE IT WILL BE HELD UNTIL CLOSING.  SELLERS AND BUYERS SHALL SPLIT THE COST OF TITLE INSURANCE 50%/50%.  EACH PARTY WILL BE RESPONSIBLE FOR NORMAL CLOSING COSTS ASSOCIATED WITH CLOSING A REAL ESTATE TRANSACTION. 

CLOSING TO BE ON OR BEFORE  AUGUST 15, 2022.

AGENCY:  FARMS AMERICA INC/ ED SPENCER REAL ESTATE & SPENCER AUCTION GROUP ARE AGENTS FOR AND REPRESENT THE SELLERS.  ALL BIDDERS WILL BE CONSIDERED CUSTOMERS, NOT CLIENTS

SPENCER AUCTION GROUP, 322 E 7TH ST. LOGAN, IA 51546