TERMS & CONDITIONS

AUCTION PROCEDURE: This will be an absolute auction. Online bidding is by approval only. Bidders must provide a proof of funds letter from a bank to participate in online bidding.

BUYER’S PREMIUM: A buyer’s premium of 10% of the final bid or $3,000.00, whichever is higher, will be added to the final bid price to determine the total purchase price.

AUCTION TERMS: The successful bidder shall be required to make a deposit in the amount equal to 10% of the total purchase price as earnest money in the form of Certified or Personal Check with proper identification within 24 hours of close of auction. Closing will take place on or before 30 days following the day of auction.

IMPORTANT NOTICE TO ALL BIDDERS: All the information contained in this brochure was obtained from sources believed to be correct but is not guaranteed. Bidders shall rely on their own information, judgment, and inspection of the property and records. This property will be sold subject to any application Federal, State, and/or Local Government Regulations.

BROKER PARTICIPATION: At the completion of a successful closing, a fee of 3% of the buyer’s premium will be paid by J.P. Weigand & Sons, Inc. to the broker properly registering and representing the successful bidder.

Please visit www.WeigandAuctions.com for a detailed explanation of Terms and Conditions.

Neighborhood Lake near Maple St. & Marshall Ave., South Hutchinson, KS