Terms & Conditions:
The Property shall not be used for:
sale, either retail or wholesale, of propane or agricultural products
of any kind including, but not limited to, seeds, chemicals, or liquid
or dry fertilizers;
- The production or sale, either retail or wholesale, of animal feed of any kind;
sale, either retail or wholesale, of any type of grain that is governed
by the Ohio Department of Agriculture or any successor agency; or
- The storage of grain for a fee.
grain storage improvements on the Property, now existing or built in
the future, shall not be subdivided or developed into condominiums to be
sold for grain storage.
PROCEDURE: The property will be offered at oral auction.
PAYMENT: Down payments will be made on the day of the auction as
follows: $2,500 down payment for each tract located in Botkins, Ohio;
$10,000 down payment for the Waynesville, Ohio facility; and $10,000
down payment for the Sidney, Ohio facility. The down payment may be made
in the form of cashierâ??s check, personal check, or corporate check.
Your bidding is not conditional upon ï¬nancing, so be sure you have
arranged ï¬nancing (if needed) and are capable of paying cash at closing.
ABSOLUTE AUCTION: The real estate is selling at absolute auction,
without reserve, and will be sold to the high bidder, regardless of
price. Successful bidder will be required to enter into purchase
agreement at the auction site immediately following the close of the
EVIDENCE OF TITLE: The Seller will provide a preliminary
opinion of title to be made available to prospective bidders for review
prior to bidding. If any buyer elects to purchase title insurance, the
cost thereof will be at such buyerâ??s sole expense. Seller agrees to
provide merchantable title to the property subject to matters of record,
general conditions of title, and similar or related matters. All tracts
sold â??AS ISâ?.
DEED: Appropriate deed will be delivered at closing.
Closing will take place on or before 45 days after auction date, or as
soon thereafter as applicable closing documents are completed.
REAL ESTATE TAXES: Real estate taxes will be pro-rated to the day of closing.
POSSESSION: Day of closing, immediately following the closing.
ACREAGE: All boundaries are approximate and have been estimated based on aerial sketches.
A new perimeter survey will be completed only if necessary for the
closing. The Seller will determine any need for a new survey and will
order survey. The cost of the new survey, if necessary, will be split
50/50 between Buyer and Seller. The type of survey performed will be at
Sellerâ??s option and sufï¬cient for the closing.
EASEMENTS: Sale of the property is subject to any and all easements of record.
AGENCY: The Wendt Group and its representatives are exclusive agents of the Seller.
AND ABSENCE OF WARRANTIES: All information contained in this brochure
and all related materials are subject to the terms and conditions
outlined in the Purchase Agreement. The property is being sold on an â??AS
IS, WHERE ISâ? basis, and no warranty or representation, either
expressed or implied, concerning the property is made by the Seller or
the Auction Company. All sketches and dimensions in the brochure are
approximate. Each potential bidder is responsible for conducting his or
her own independent inspections, investigations, inquiries, and due
diligence concerning the property. The information contained in this
brochure is subject to veriï¬cation by all parties relying on it. No
liability for its accuracy, errors, or omissions is assumed by the
Seller or the Auction Company. Conduct of the auction and increments of
bidding are at the direction and discretion of the Auctioneer. The
Auctioneer reserves the right to preclude any person from bidding if
there is any question as to the personâ??s credentials, ï¬tness, etc. All
decisions of the Auctioneer are ï¬nal. ANY ANNOUNCEMENTS MADE THE DAY OF
THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL