Buyer agrees that upon registration to bid, he/she has seen and agrees to terms and conditions,of this auction, and terms on this bid card.
The Auciton Firm and /or Auctioneers are licensed by Ohio Department of agriculture and an aggrieved person may initiate claim against the Auction Recovery Fund created in Section 4707.25 of the Revised Code as a result of the licensee's actions.
TERMS AND CONDITIONS OF SALE:
1. Cash or good check with photo ID. All bills must be paid in full immediately following the auction.
2. Sales taxes will be added to the purchase price of all taxable items.

Auction Terms & Conditions Online Only Real Estate Terms Of Sale

THIS IS AN INTERNET ONLY AUCTION!

AUCTION CLOSING DATE: Thursday August 20, 2020 @ 5:37 PM (note auto extend feature).

LOCATION: 795 Bloom Rd., Fremont, OH 43420

PREVIEW: Real Estate and personal property can be viewed on Thursday July 23rd 5:00 to 7:00 PM

TERMS AND CONDITIONS FOR THIS AUCTION: (please note terms and conditions may be different for each auction and are subject to change)

THIS AUCTION IS "AS IS", "WHERE IS" WITH NO CONTINGENCIES - Bidders must do all of their due diligence (home inspections, appraisals, etc.) prior to the end of the online bidding. The Sales Contract will not contain any contingencies for these matters. This property is sold AS IS, WHERE IS, and is not subject to any financing.

BUYERS PREMIUM: There will be a 5% buyers premium added to the sale price to constitute a contract price.

REGISTRATION: Proper and complete online registration is required to bid. All bidders must provide name, address, phone number, and email address to register. A credit card (MC, Visa or Discover) is required to actually place a bid on the property. The credit card will be validated before bidding access is granted, but is not a recognized form of payment of the deposit or purchase price. Should a Winning Bidder fail to complete the contract signing process, the required deposit will be charged to the credit card provided at registration. By registering, all bidders acknowledge having read and agree to be bound by the Auction Terms and Conditions. Bidders may register prior to, or during the bidding period.

BIDDING ONLINE: The only way this property may be purchased is via online bidding during the published bidding period. (If you need assistance placing a bid or prefer to submit a bid in person, please call our office for assistance. 419-547-7887) To place a bid, bidders enter their "maximum" bid and click the "Place Bid" button. Each time that bidder is outbid by another bidder, the system will automatically bid on their behalf at the established bid increments up to their maximum. In the case of an auction with a reserve, if the max bid amount entered is less than the reserve, the system will place the bid at the max amount. Once the reserve is met, then the system will advance the bid (by the bid increments) only when the bidder is outbid by another bidder, up to the bidders max. The system will not advance a bidder's own bid. Online-only auctions utilize the "Soft Close" feature that automatically extends the bidding time if a bid is received in the last 5 minutes of the published bidding period. The extensions will continue until 5 minutes have lapsed without any bidding activity, at which time the auction is concluded.

FINANCING: Financing is not a contingency of sale in this offering. Therefore, it is strongly recommended that potential bidders ensure in advance that they are able to obtain the necessary financing to close the transaction.

CONTRACT SIGNING: At the conclusion of the auction the Winning Bidder(s) will receive an email confirming his or her winning bid status. The seller will then be contacted by the auction company to arrange the signing of all purchase documents required, this may be done by email. All documents must be signed and down payment made within 48 hours of the end of the auction.

Note: property-specific purchase documents are available prior to the auction end date and any professional reviews of such documents should be undertaken PRIOR to bidding. All final bids are subject to Seller's confirmation, unless advertised otherwise. Any property with a high bid exceeding the Seller's reserve will be declared "sold" by the Auctioneer. In instances where the seller's reserve was not met in the auction, the signed contract and accompanying deposit will be presented to the Seller for approval, which shall be given or denied in the Seller's sole discretion within 2 business days. If approval is denied, all documents and the deposit will be returned immediately.

DOWN PAYMENT (DEPOSIT): The Winning Bidder shall be required to make an earnest money down payment equal to 10% of the contract price in the form of a check, cash, wire transfer or money order. This deposit must be made within 24 hours of the bidder being declared the Winning Bidder. Winning Bidders whose documents and deposit are not received within the required timeframe are subject to having their bids removed and the property offered to the backup bidder.

CLOSING: The Winning Bidder shall close within 45 days of the auction date, unless stated differently in the Purchase Agreement.

SURVEY: Any surveys requested by the buyer or their agents shall be at the cost of the buyer.

REAL ESTATE TAXES & ASSESSMENTS: Taxes will be prorated to day of closing.

EASEMENTS AND LEASES: Sale of said property is subject to any and all easements of record and any and all leases. If the property is being rented the rents will be prorated to date of deed.

AGENCY: Bonnigson & Associates and its representatives are Exclusive Agents of the Seller.

BROKER PARTICIPATION: A referral of 2% of the high bid will be paid to any properly licensed Broker who registers a successful buyer according to the appropriate Broker Participation Agreement. This form is available from the Auction Company and must be completed and returned no later than 48 hours prior to the auction end date.

DISCLAIMERS AND ABSENCE OF WARRANTIES: The information in the auction advertising was obtained from sources believed to be accurate, but is subject to verification by all parties relying on it. All sketches and dimensions are approximate. No liability for its accuracy, errors or omissions is assumed by the Seller or the auction company. All bidders are responsible for conducting their own inspections, investigations, inquiries and due diligence concerning the property. The property is being offered on an "AS IS", "WHERE IS" basis and no warranty or representations, expressed or implied, is made by the Seller or the auction company. All information contained in the advertising and all related materials are subject to the terms and conditions outlined in the purchase agreement. The Auctioneer reserves the right to bid on behalf of the Seller up to, but not beyond the Seller's reserve (if applicable).

PRE-AUCTION SALES: Pre-auction offers will be presented.

THIS IS A WITH RESERVE AUCTION: Auction company hereby reserves the right bid on behalf of the seller.

*****There will be an ADDITIONAL small amount of land added to TRACT #2 to allow for 100' of frontage from TRACT #1*** PROPERTY LOCATION: 795 Bloom Rd., Fremont, OH; Take US-6 E/N 5th St. turn right on Heinz Dr., Heinz Dr. turns left and becomes N River Rd., turn right onto Bloom Rd. Watch for signs! TRACT #1: 795 Bloom Rd., Fremont, OH - 11.56+/- Acres; Here is an opportunity have river frontage on the Sandusky River. This is located on a bend of the river with plenty of area; There is 500' +/- of frontage on Bloom Rd.; City of Fremont Zoning for this parcel is R-2. Water and sewer are available. This Tract is located close to the intersection of Majestic Dr. There is a portion in the flood plain. Pre-Auction Offer accepted. TRACT #2: Bloom Rd., Fremont, OH - 1.27+/- Acres; This tract has 600'+/- frontage on a seclude and quiet dead-end road. There is minimal 20'+/- frontage on the Sandusky River. This tract is contiguous to tract #1. Sandusky Township Zoning for this parcel is S-1. Water and sewer are available. This Tract is located close to the intersection of Majestic Dr. There is a portion in the flood plain. Pre-Auction Offer accepted. TAX & LEGAL: Sandusky County (Tract 1) Parcels #34-60-00-0115-00. Taxes $1,333.16/yr. & (Tract 2) Parcel #13-26-00-0002-01. Taxes $42.82/yr.; Fremont School District. REAL ESTATE TERMS: A 5% Buyer's Premium will be added to the high bid price to determine the final contract price. The buyer will be required to execute an Agreement to Purchase Real Estate and Addendum. A NON-REFUNDABLE down payment of $5,000 is required at the close of auction per each tract. Purchaser will have 24 hours to sign the documents and have earnest deposit funds to Bonnigson & Associates. The payment is to be made by cash or check, with balance paid in full at closing within 45 days or sooner of Auction date. Purchasing this property is NOT contingent upon financing, so make sure you have your financing arranged prior to the Auction and can pay cash or certified funds at closing. All desired inspections must be made prior to the auction. Property is being sold "AS IS", "WHERE IS" with NO CONTINGENCIES. WARRANTIES expressed or implied by the owners or Realtors. Bonnigson & Associates is an agent for the Seller. Owner: MHK LTD.