TERMS:
Bidders must be registered name, address, valid phone #, driver license #.with

Subject to Sellers' Confirmation: Seller has up to 48 hrs. to accept or reject the final bid.

Buyer Premium: A 10% buyer premium will be added to the final bid price to determine the contract price.

Purchase Agreement/Contract: At the conclusion of the auction, the successful bidder will sign a purchase agreement in the amount of their bid plus the 10% buyer premium. When accepted and signed by the seller, this agreement becomes the purchase contract.

Down Payment/Earnest Money: With purchase agreement, Bidder will submit $2,000 to be deposited and escrowed in Orrell Auctions & Real Estate PLLC Trust Account. Down payment will be credited to buyer at closing or returned to the bidder if Seller rejects bid. Balance of purchase price required in approximately 30 days at closing. If you cannot close you will forfeit your down payment.

Acceptable Currency for down payment: Cash, cashier's check. Or, good personal or company check pre-approved by auctioneer or accompanied by a bank letter guaranteeing payment.

Warranties & Contingencies:
1. Property sells "as is" with no warranties from the seller other than good title. Inspections should be conducted before the auction as sale is not contingent on repairs. If you bid, you are agreeing that you are satisfied with Property in its current condition at the price you bid.
2. Financing: Property sells with no contingencies for financing, and no financing is offered by the seller. Financing should be arranged before bidding. If you cannot pay the balance at closing, you will lose your down payment/earnest money.
3. Corners of Property may be marked for your convenience only. Bidders are responsible for verifying accuracy to their own satisfaction.

Survey: The 3.9 acres sells by legal description on current deed and Lonoke County courthouse records. If new survey is desired or required by Buyer, new survey will be at Buyer's expense. As of this printing, courthouse records have not been updated. There is no mobile home on the property and no mobile home is included in the sale.

Title: Seller will guarantee good title at closing by providing owner's title insurance and a warranty deed free of all liens and encumbrances but subject to any easements of record.

Closing will be in approximately 30 days from auction.
Buyer pays 1/2 closing fee, 1/2 Revenue Stamps, deed recording fee and any other expenses generated by Buyer, including, but not limited to, Loan Policy of Title Insurance, hazard insurance premiums, survey, fees of Buyer's attorney and any other fees associated with Buyer's loan, if any.
Seller pays 1/2 closing fee, 1/2 Revenue Stamps, Owner's Policy of Title Insurance, deed preparation Property taxes will be prorated as of the date of closing.

REAL ESTATE & PERSONAL PROPERTY AUCTION LIVE BIDDING ONLY 3.9 acres, metal shop building, tools & misc 20264 Hwy 13S Humnoke, AR 72072 Preview 9am Sept 2nd Starts 10am Legal: PT E1/2 SE SW SW Location: 34 - 2S - 7W Scool District: Carlisle, Rural 3.9 acres of which approx. 2.4 are wooded. Property crosses Highway 13 to middle of creek. Mobile home has been removed, utility services available. Summary of Terms: 3.9 acres and the 25' x 35' metal shop building sell free and clear of all liens and encumberments, subject to Seller confirmation, "as is", by legal description, with no warranties or contingencies. 10% buyer premium. $2,000 down as earnest money on day of auction, balance due at closing in 30 days. Announcements made auction day take precedence over any previous oral or printed announcements. TERMS: Bidders must be registered name, address, valid phone #, driver license #.with Subject to Sellers' Confirmation: Seller has up to 48 hrs. to accept or reject the final bid. Buyer Premium: A 10% buyer premium will be added to the final bid price to determine the contract price. Purchase Agreement/Contract: At the conclusion of the auction, the successful bidder will sign a purchase agreement in the amount of their bid plus the 10% buyer premium. When accepted and signed by the seller, this agreement becomes the purchase contract. Down Payment/Earnest Money: With purchase agreement, Bidder will submit $2,000 to be deposited and escrowed in Orrell Auctions & Real Estate PLLC Trust Account. Down payment will be credited to buyer at closing or returned to the bidder if Seller rejects bid. Balance of purchase price required in approximately 30 days at closing. If you cannot close you will forfeit your down payment. Acceptable Currency for down payment: Cash, cashier's check. Or, good personal or company check pre-approved by auctioneer or accompanied by a bank letter guaranteeing payment. Warranties & Contingencies: 1. Property sells "as is" with no warranties from the seller other than good title. Inspections should be conducted before the auction as sale is not contingent on repairs. If you bid, you are agreeing that you are satisfied with Property in its current condition at the price you bid. 2. Financing: Property sells with no contingencies for financing, and no financing is offered by the seller. Financing should be arranged before bidding. If you cannot pay the balance at closing, you will lose your down payment/earnest money. 3. Corners of Property may be marked for your convenience only. Bidders are responsible for verifying accuracy to their own satisfaction. Survey: The 3.9 acres sells by legal description on current deed and Lonoke County courthouse records. If new survey is desired or required by Buyer, new survey will be at Buyer's expense. As of this printing, courthouse records have not been updated. There is no mobile home on the property and no mobile home is included in the sale. Title: Seller will guarantee good title at closing by providing owner's title insurance and a warranty deed free of all liens and encumbrances but subject to any easements of record. Closing will be in approximately 30 days from auction. Buyer pays 1/2 closing fee, 1/2 Revenue Stamps, deed recording fee and any other expenses generated by Buyer, including, but not limited to, Loan Policy of Title Insurance, hazard insurance premiums, survey, fees of Buyer's attorney and any other fees associated with Buyer's loan, if any. Seller pays 1/2 closing fee, 1/2 Revenue Stamps, Owner's Policy of Title Insurance, deed preparation Property taxes will be prorated as of the date of closing. Orrell Auctions & Real Estate PLLC Jimmy Orrell Broker/Auctioneer 870-723-9116