U.S. Bankruptcy - (2) Lots off 30A, Walton County, Florida

Terms<br>
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U.S. Bankruptcy Courts Auction<br>
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REAL ESTATE<br>
AUCTION<br>
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These announcements supersede any prior oral or printed<br>
statements and will be attached to and become a part of the<br>
contract.<br>
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Winning bidder must sign a non contingent contract and pay<br>
earnest money within 24 hours of auctions end.<br>
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All properties are sold<br>
by the lot or tract, not by the acre. Acreage amounts are not guaranteed by the<br>
auctioneer or the trustee and was obtained from the Winston County, Alabama tax<br>
records.<br>
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The property will be sold by legal description and<br>
transferred by trustees deed.<br>
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Properties sell subject to courts<br>
approval.<br>
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The terms are 10% down payment with the balance due within<br>
30 days.<br>
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Purchaser to receive possession of the property upon<br>
delivery of deed at closing.<br>
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Purchaser to pay closing cost and title<br>
insurance. Seller guarantees<br>
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title to be free and clear.<br>
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Closing<br>
attorneys: Rosen Harwood, Tuscaloosa, Alabama.<br>
Closing cost $685 per tract, plus title insurance.<br>
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Ad Valorem taxes will<br>
be prorated at closing.<br>
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PROPERTY SOLD SUBJECT TO THE FOLLOWING: All<br>
outstanding easements of any kind on said property, including but not limited to,<br>
roads, right of ways, utilities, water lines, and the like; any mineral, oil and past<br>
conveyances, leases or reservations; to any cemeteries that might exist on the<br>
property, outstanding leases recorded or unrecorded; zoning ordinances affecting the<br>
property; restrictions of record; wet lands; all rules and regulations of any<br>
appropriated authority having jurisdiction over the property, and any recorded<br>
encroachments of record.<br>
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BUYERS NOTE: Prior to the auction all<br>
prospective purchases should examine the property and all surrounding documents<br>
carefully as each bidder is responsible for evaluating the property and shall not<br>
rely on the sellers nor the auctioneers. Sellers and Auctioneers are assuming that<br>
the bidders have inspected the property and are satisfied and accept it<br>
“As<br>
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Is” without warranties expressed or implied. Personal on-site inspection<br>
of the property is recommended. Failure of any bidder to inspect or to be fully<br>
informed as to the condition of all or any portion of the property offered, will not<br>
constitute any grounds for any claim or demand for adjustment or withdrawal of a bid,<br>
offer or earnest money after its opening<br>
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or tender.<br>
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All<br>
information was obtained from sources deemed reliable. Although every precaution has<br>
been taken to insure accuracy, the sellers and all of their agents will not be<br>
responsible for any errors or omissions herein.<br>
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Default by the Seller:<br>
If the Sellers are unable to make conveyance and to give title as herein agreed, the<br>
earnest money shall be refunded to the buyer and all obligations of either party<br>
shall wholly cease.<br>
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Default by the Buyer: Should the Buyer default in<br>
the performance of his/her contract in the time and the manner specified, then the<br>
earnest money shall be retained as partial liquidated damages and the seller may sue<br>
for specific performance.<br>
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AGENCY DISCLOSURE: Larry “Chip” Pearce Jr.<br>
has not been an agent for the Buyer in this<br>
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transaction. Larry “Chip” Pearce<br>
Jr. has been an agent for the Seller in this<br>
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transaction and is to be paid a<br>
commission by the Seller.<br>
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The Auctioneer reserves the right to reject<br>
bids from anyone who does not comply<br>
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with the terms and conditions of this<br>
auction.<br>
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Bidding: Bidding info- When you bid your max the current bid<br>
price doesn't automatically go to your max bid. Someone else has to bid to increase<br>
the current price and the<br>
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computer will automatically bid up to your max in<br>
the increments specified.<br>
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This auction has what is called an auto<br>
extend feature, meaning the auction will not close until all bidding parties are<br>
satisfied. If any bids are placed within the last 5 minutes of the auction, the bid<br>
on lot(s) will extend for 5 minutes. The bidding will extend in 5 minute increments<br>
from the time the last bid is placed until there are no more bids, and the lot sits<br>
idle for 5 minutes.