TERMS OF SALE OUTLINED. 7. A Buyer’s Premium equal to 2% of the high bid amount will be charged to each Buyer and added to the bid amount to arrive at the purchase price.
TERMS OF SALE OUTLINED of the purchase price is due as a cash down payment at the close of auction. A cashier's check or a personal or corporate check immediately negotiable is satisfactory for the down payment. The balance of the purchase price is due in cash at closing.
TERMS OF SALE OUTLINED. Buyer shall deliver an xxxxxxx money deposit to Auction Company in the amount of 10% of the purchase price. The xxxxxxx money may be delivered by check or wire transfer, but it must be received by Auction Company
TERMS OF SALE OUTLINED. 6. An xxxxxxx money deposit is due at the close of auction in the amount of 10% of the purchase price (or 20% if you intend to begin farming activities prior to closing). A cashier's check or a personal or corporate check immediately negotiable is satisfactory for the xxxxxxx money. The balance of the purchase price is due in cash at closing.
7. The closing will be scheduled in accordance with the Agreement to Purchase in your Bidder’s Packet. The targeted closing period is on or before April 9, 2021.
8. Delivery of title and possession will be effective upon completion of the closing.
9. Buyer may begin farming activities prior to closing in accordance with the terms and conditions of the Pre-Closing Access Addendum which is included in each Bidder’s Packet as Exhibit C. In order to obtain access prior to closing, Buyer must sign Exhibit C, deliver an additional 10% xxxxxxx money deposit (for a total of 20%) and provide proof of insurance.
10. Tracts 4, 5 & 6: The Buyer(s) of Tracts 4, 5 and 6 will acquire the rights to the growing wheat crop in accordance with Section 12 of the Agreement to Purchase. Reimbursement for wheat crop input expenses will be collected from these Buyer(s) at closing. The reimbursement amounts are shown in Table B-2, below. Invoices are available to review upon request.
11. Closing costs and expenses will be allocated and paid in accordance with Sections 17 and 18 of the Agreement to Purchase.
12. At closing, Seller will pay real estate taxes and special assessments for the calendar year 2020 (including 2020 taxes due in 2021), or the estimated amount thereof, in accordance with the Agreement to Purchase. Buyer will then assume and pay all real estate taxes and assessments after closing.
13. At closing, Seller will furnish the deed and owner’s title insurance at Seller’s expense in accordance with the terms of the Agreement to Purchase.
14. The title is to be conveyed and the title insurance is to be issued free and clear of Liens, but subject to all easements and all other “Permitted Exceptions” as defined in Section 9 of the Agreement to Purchase.
15. Without limiting Section 9 of the Agreement to Purchase, Buyer agrees to acquire the purchased tract(s) subject to all easements and other matters (except Liens) that are referenced in the Preliminary Title Evidence.
16. The Preliminary Title Evidence consists of the preliminary title insurance schedules, pre-auction surveys and parcel map described in Table B-1, below: TABLE B-1 ...
TERMS OF SALE OUTLINED. An xxxxxxx money deposit is due at the close of auction in the amount of 10% of the purchase price (or 20% if you intend to begin crop farming activities prior to closing). A cashier's check or a personal or corporate check immediately negotiable is satisfactory for the down payment. The balance of the purchase price is due in cash at closing.
TERMS OF SALE OUTLINED. Buyer shall deliver an xxxxxxx money deposit to Auction Company in the amount of 10% of the purchase price (or 20% to begin farming activities prior to closing). The xxxxxxx money may be delivered by check or wire transfer, but it must be received by Auction Company
TERMS OF SALE OUTLINED. 7. All bidding is based on the terms of the Agreement to Purchase and Exhibits A through E which are included in your Bidder’s Packet. These documents contain the final terms for purposes of the auction. All prior statements are subject to and superseded by the terms of the Agreement to Purchase and Exhibits A through E. In this Exhibit B, the symbol “AP§” is used to refer to a particular Section of the Agreement to Purchase.
8. A Buyer’s Premium equal to 3% of the high bid amount will be charged to each Buyer and added to the bid amount to arrive at the purchase price.
TERMS OF SALE OUTLINED. 6. As an update to the marketing materials, there is no Buyer’s Premium.
7. A 10% xxxxxxx money deposit is due from each high bidder when the bidding concludes. A cashier's check or a personal or corporate check immediately negotiable is satisfactory for the xxxxxxx money. The balance of the purchase price is due in cash at closing.
8. The closing will be scheduled in accordance with the Agreement to Purchase in your Bidder’s Packet. The targeted closing period is on or before January 15, 2021, but additional time may be required, particularly for closings requiring a survey. Delivery of title and possession will be effective upon completion of the closing.
9. Closing costs and expenses will be allocated and paid in accordance with Sections 17 and 18 of the Agreement to Purchase.
10. Real estate taxes and assessments will be prorated to the date of closing in accordance with Section 19 of the Agreement to Purchase.
11. Sellers will furnish the deed and Final Title Commitment at Sellers’ expense in accordance with the terms of the Agreement to Purchase. If Buyer elects to purchase title insurance, the cost of issuing any title insurance policy will be charged to Buyer.
12. The sale of the Property does not include Minerals as defined in the Agreement to Purchase. All Minerals will be excluded from the conveyance of the Property to Buyer.
13. As an update to the marketing materials, the deed will be substantially in the form of the Surface Deed with Special Warranty which is included in each Bidder’s Packet as Exhibit X. Xxxxxxx and their successors and assigns will have the right of ingress and egress to access Sellers’ oil and gas xxxxx, salt water disposal xxxxx, other disposal xxxxx, surface facilities and equipment, and lease roads, and the right to continue to dispose of water without charge. Such rights will be reserved as a covenant running with the land in accordance with the “Exhibit B” included as part of Exhibit C.
14. Xxxxx agrees to accept title and acquire the Property subject to all easements and other “Permitted Exceptions” as defined in Section 12 of the Agreement to Purchase.
15. Without limiting Section 12 of the Agreement to Purchase, Xxxxx agrees to acquire the Property subject to all title exceptions listed in the Preliminary Title Evidence (except Liens, if any). The Preliminary Title Evidence consists of the preliminary title insurance schedules prepared by American Abstract Company of XxXxxxx County and described in Section 8 of the...
TERMS OF SALE OUTLINED. Buyer’s Premium will be charged to Buyer and added to the Buyer’s high bid amount to arrive at the total price for the purchased Tract(s).
TERMS OF SALE OUTLINED of the purchase price is due as an xxxxxxx money deposit upon Seller’s acceptance of any bid. The xxxxxxx money deposit shall be delivered by check (payable to the Auction Company) or by wire transfer (to an account designated by the Auction Company). In any event, the xxxxxxx money deposit must be received by the Auction Company by Friday,
