TERMS AND CONDITIONS

PROCEDURE: Auction Company shall endeavor to maximize the value of the assets. The assets will be sold in (2) Individual Listings (one for the manufactured home and one for the yard barn) via online only bidding. There will be open bidding during the auction as determined by the Auctioneer. Conduct of the auction and increments of bidding are at the sole direction and discretion of the Auctioneer. All decisions of the Auctioneer are final.
DOWN PAYMENT: A 10% down payment will be required from the successful bidder on the day of the auction with the balance due at closing. The down payment may be in the form of cash, cashier�s check, personal check or corporate check. Bidding is not conditional upon financing. The down payment is non-refundable.
BUYER�S PREMIUM: A 10% Buyer�s Premium will be added to the high bid to determine the contract sale price.
ACCEPTANCE OF BID: All successful bidders will be required to enter into Purchase Agreements immediately following the close of the auction. The assets will be sold subject to Court Order.
CLOSING: The balance of the purchase price is due at closing, which will take place within 30 days of the Auction Date.
TITLE: Owner will convey title to Buyer at Closing.

POSSESSION: Possession to the assets shall be delivered to Buyer(s) at closing.

REMOVAL OF ASSETS FROM REAL ESTATE: Buyer shall remove the assets from the attached real estate within 60-days after the closing, no later than December 31st, 2024.

REAL ESTATE TAXES: The real estate taxes will be the sole responsibility of the current owner of record.
PLEASE READ AND REVIEW THE TERMS AND CONDITIONS THOROUGHLY PRIOR TO BIDDING ON ANY PROPERTY. IF YOU HAVE NOT READ AND UNDERSTAND THESE TERMS, DO NOT BID. BY BIDDING ON THE PROPERTY, BUYER AGREES TO ALL TERMS AND CONDITIONS SET FORTH AND ENTERS INTO A CONTRACTUAL AGREEMENT TO PURCHASE THE PROPERTY UNDER THE FOLLOWING TERMS AND CONDITIONS:
ONLINE BIDDING: AUCTION DATE / TIME: Bidding begins: TUESDAY, OCTOBER 1, 2024 @ 12 NOON (CT); Bidding closes: TUESDAY, OCTOBER 15, 2024 @ 5:30 PM (CT) (**See AUCTION END TIMES). Bidding will be conducted online at www.wilsonauctions.com. Alternatively, to place a confidential phone bid or to make other arrangements for bidding, please contact our office at least two days prior to the auction.
UPON CONCLUSION OF THE AUCTION: The Winning Bidder will be sent a Purchase Agreement to print and is required to fully and correctly complete and properly sign without any modifications. Bidder is to return the completed, signed contract to William Wilson Auction Realty, Inc. by email or delivered in person by 4:00 PM of the day following the auction. Along with the completed, signed contract, the Winning Bidder will be required to send the specified non-refundable earnest money deposit as stated in the property description. This non-refundable earnest money deposit will be held in escrow until closing and that amount will then be credited to the Buyer as part of the purchase price of the property. Wire transfer instructions and escrow agreement forms will be provided to the Buyer along with the contract after the auction. Purchaser shall be responsible for all wire transfer fees. Successful bidders not executing and returning the completed contract and earnest money deposit by 4:00 PM the day after the auction will be considered in default. Such default by the Successful Bidder will result in that Bidder�s liability to both the Seller and William Wilson Auction Realty, Inc. Seller shall have the right to (a) declare this contractual agreement canceled and recover full damage for its breach, (b) to elect to affirm this contractual agreement and enforce its specific performance or (c) Seller can resell the property either publicly or privately with William Wilson Auction Realty, Inc. and in such an event, the Buyer shall be liable for payment of any deficiency realized from the second sale plus all costs, including, but not limited to the holding costs of the property, the expenses of both sales, legal and incidental damages of both the Seller and William Wilson Auction Realty, Inc. In addition, William Wilson Auction Realty, Inc. also reserves the right to recover any damages separately from the breach of the Buyer. Both the Successful Bidder and Seller shall indemnify William Wilson Auction Realty, Inc. for and hold harmless William Wilson Auction Realty, Inc. from any costs, losses, liabilities, or expenses, including attorney fees resulting from William Wilson Auction Realty, Inc. being named as a party to any legal action resulting from either Bidders or Sellers failure to fulfill any obligations and undertakings as set forth in this contractual agreement.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this ad and all related materials are subject to the terms and conditions outlined in the Purchase Agreement, which shall take precedence. The property is being sold on an "AS IS, WHERE IS" basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or WILLIAM WILSON AUCTION & REALTY, INC., including, but without limitations to fitness for a particular use, physical condition, any specific zoning classification, title, location of utilities, assurance of building permits, driveway permits, or water and septic permits. All sketches and dimensions are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property.

TENANCY DISCLAIMER: Properties identified as occupied may be occupied by one or more third parties. It shall be the sole responsibility of the buyer prior to bidding or closing on the property to conduct his/her own investigation as to the occupancy of the property. Prospective bidders shall not have any contact with current occupants of the property without seller�s written consent until after close and funding. Buyer will assume the responsibility of all occupants and/or tenants and any expenses therewith, including, but not limited to, any security deposits or pre-paid rent as set forth in the purchase agreement for occupied properties addendum. Buyer shall defend, indemnify and hold harmless agents, auctioneers, attorneys, sellers and representatives from and against any claims, demands, actions or expenses arising out of any action concerning security deposits and for any eviction or unlawful detainer or other litigation arising out of occupancy, tenancy or lease of the property.

BIDDING AND REGISTRATION INFORMATION BIDDER VERIFICATION: All information contained in advertising and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an �AS IS, WHERE IS� basis, and no warranty or representation, either express or implied, concerning the property is made by the Owner, a defined below, or WILLIAM WILSON AUCTION & REALTY, INC. including, but without limitations to fitness for a particular use, physical condition, any specific zoning classification, title, location of utilities, assurance of building permits, driveway permits, or water and septic permits. All sketches and dimensions are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property.

**AUCTION END TIMES: William Wilson Auction Realty, Inc. online only auctions are timed events and all bidding will close at the specified time. However, our auctions also have what is called an 'Auto Extend' feature. Any bid placed within the final 5 minutes of the auction results in the auction automatically extending to 5 additional minutes. The bidding will extend in 5-minute increments from the time the last bid is placed until there are no more bids, and all of the lots sit idle for 5 minutes. Therefore, the auction will not close until all bidding parties are satisfied and no one can be outbid at the last second without having another opportunity to bid again. The auctioneer shall have full discretion to modify this end time and extension time which will be announced to the bidders during the auction.
TECHNICAL ISSUES: You understand that this auction is online-only, and so relies on devices and programs that may malfunction without warning. In the event there are technical difficulties related to the server, software, internet or any other auction-related technologies, William Wilson Auction Realty, INC reserves the right to extend bidding, continue the bidding or close the bidding. You agree that the Auctioneer will not be liable for any error or inconvenience that may be the result of such a malfunction. Neither the company providing the software, nor William Wilson Auction Realty, INC shall be held responsible for the failure of the software to function properly for any reason..
BIDDING ONLINE: All bidding in this auction is being conducted online. (If you need assistance placing an online bid or prefer to submit a bid in person, please call our office for assistance 1-812-682-4000). Online-only auctions utilize the "Soft Close" feature that automatically extends the bidding time if a bid is received in the last minute of the published bidding period. The extensions will continue until a minute has lapsed without any bidding activity, at which time the auction is concluded.
Dynamic Closing "Soft Close": The closing time of a lot is automatically extended an additional minute any time a bid is placed on a lot when that particular lot has less than a minute left on its countdown. This will continue until there are no longer any bids submitted for that individual lot. It will stop extending when no bid has been placed in the last minute of that lot. This only affects lots with last minute bids. Any lot not bid on in the last MINUTE will continue to close at their normal times, listed on the time left.
Maximum Bidding: This auction also features MAXIMUM BIDDING. If you enter a maximum bid and are outbid by another bidder, the system will automatically bid on your behalf at the established bid increments up to your 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. Another bidder has to bid to increase the current price and the computer will automatically bid up to your max in the increments specified. If someone has already entered a MAX BID on a property you are bidding on, the system will automatically bid for you until you are the current high bidder or until you reach your MAX BID. If you have reached your MAX BID and are still not the current high bidder, the system will give you the opportunity to enter another MAX BID. If you are not able to be around a computer/mobile device during the closing of the auction or receive and/or read your outbid notices, we HIGHLY RECOMMEND you enter your MAX BID when bidding.
Please remember, you can always raise your max bid, but you CANNOT lower it. Be aware of this while bidding.
If you have any questions info@wilsonauctions.com or call the office at 1-812-682-4000.
When You Have Been Outbid: If you are outbid during the course of this auction, you will be notified by email, IF you have chosen this option when you registered. If you are outbid approaching the time of the auction beginning to end you may NOT receive your notification until after the auction ends. You can see if you are high bidder at any time using the "Watch List" feature; items which you have put on the Watch List will show winning bidder or outbid. Do NOT believe you are the winning bidder. If you are unsure of your bid status, before the auction begins to end email info@wilsonauctions.com your name and lot number and reason for the email or call 1-812-682-4000.
Reporting Bidding Errors: You should carefully review every bid you choose to make before submitting that bid. The Auctioneer will not automatically assume that any bid was made in error. If you mistakenly increase your own bid at any time during the auction or make some other bidding error (e.g. placing your bidder number in the price field or too many zeros before the decimal point), you must immediately contact the Auctioneer by email at info@wilsonauctions.com, or call the office at 1-812-682-4000. The Auctioneer will NOT undo bidding errors reported AFTER the auction has begun to close.
CHOOSE WISELY: IF YOU decide it is not suited for your intended use, our clients are not willing to assume the cost of your mistakes. When in doubt about condition, completeness, suitability for intended use, or exact location please bid accordingly.
When becoming the winning bidder at auction, you have affected a contract and will be expected to pay for the property or properties in which you were evidenced to be the successful bidder.
CONDUCT OF THE AUCTION: The minimum bid increase will be indicated on the bidding application. William Wilson Auction Realty, Inc. reserves the right to reject any and all bids for any reason and also reserves the right to cancel this auction, or remove any item or lot from this auction prior to the close of bidding. All decisions of William Wilson Auction Realty, Inc. are final. YOUR BID ON THIS AUCTION INDICATES BOTH AN UNDERSTANDING AND AN ACCEPTANCE OF THE TERMS OF THIS CONTRACTUAL AGREEMENT BETWEEN YOURSELF AND BOTH THE SELLER AND William Wilson Auction Realty, Inc. AND THAT YOU, AS THE BIDDER, ARE PREPARED TO PURCHASE THE PROPERTY UNDER THE TERMS AND CONDITIONS OF THIS AUCTION.

If you have any questions about this Terms of Use Agreement, the practices and policies of this Site or your dealings with this Site, you can contact:

William Wilson Auction and Realty, Inc.
(812) 682-4000

LIKE NEW 2020 CLAYTON HOME AND 10�X16� YARD BARN OFFERED ONLINE AT WILSONAUCTIONS.COM William Wilson Auction & Realty, Inc. has been authorized to sell the personal property subject to Court Order. DESCRIPTION: 2020 Clayton Manufactured Home Like New 1344 Sq Ft 3 Bed 2 Bath Vinyl Flooring Spacious Porch 10� x 16� Like New Yard Barn Items Must Be Removed From the Property