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TERMS & CONDITIONS / MERCER LIVESTOCK AUCTION

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TERMS & CONDITIONS / MERCER LIVESTOCK AUCTION

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Auction Date:2021 Sep 30 @ 18:00 (UTC-4 : AST/EDT)
Location:Various, Various, Pennsylvania, United States
Hermitage Commercial / Business Property Auction Concludes Thursday July 01.
General Terms & Conditions, R.E. Agreement

Real Estate Terms & Conditions:

Property Sold AS-IS.
10% deposit & 10% buyers premium added to final bid. Balance at closing. Guaranteed clear, good title at closing.
10% Buyers premium & 10% deposit due within 3 business days from end of auction. Auction sales agreements required to be signed at the acceptance of the bid or point of sale.

Sold As-Is, Real Estate & Business Assets, without any warranties, guarantees, claims, profitability, speculated income or profits, whatsoever.By registering to bid, bidding and/or buying your have agreed to the terms & conditions of the auctions.You have agreed to hold harmless Loomis Auctioneers & sellers of any and all alleged claims and liabilities.

BIDDERS AND BUYERS ARE NOT PERMITTED TO CONTACT OR COMMUNICATE DIRECTLY OR INDIRECTLY WITH ANY SELLER, REGARDING THE ITEMS, REAL ESTATE, OR OTHER OFFERED ITEMS FOR AUCTION. The bidder and/or buyer will assume any and all liability that compromises, disrupts, or makes side deals on any and all items, or real estate. Such liability will be in the form of commission, buyer premiums, in charge back or legal collections. Point of sale prices will be established by Loomis Auctioneers, Inc. Sellers are bound by a confidentiality / non-disclosure agreement with Loomis Auctioneers.

ONLINE BUYERS/BIDDERS CAN NOT CANCEL, OR CHANGE ANY BIDS, OR MAX BIDS FOR ANY REASON WHATSOEVER. NO EXCEPTIONS. Do not place your bid until you are sure. There is no exit strategy once bid (s) are placed.

**Do not bid unless you have the ability and/or intentions to pay without issue.

By bidding (clicking your bid button) you have agreed to the terms and conditions to this auction.There are no refusals, negotiations, arbitration, or exit strategies whatsoever. Be sure, before clicking the bid button. Bidder assumes full liability to pay point of sale price & buyer's premium,and close the sale.

Closing Costs: Unless specified in writing, buyer and seller, assume closing costs, split 50% seller / 50% buyer. All current taxes prorated the time of settlement. Any and all delinquent taxes are assumed and paid by seller.

All information has been provided by seller. It is the sole responsibility for buyer to perform any and all due diligence, prior to bidding.

Bidders and end buyer have read and agree to the terms and conditions
and real estate agreement prior to bidding. Bidders / Buyers agree to "hold harmless" Loomis Auctioneers of any, and all liability, whatsoever.

ALL LOTS INCLUDING PROPERTY, SOLD AS IS. IT IS THE BUYER’S RESPONSIBILITY TO PERFORM ALL DUE DILIGENCE.

Property is not absolute auction. Sold with seller approval.

Buyer required to sign attached agreement on auction day. Loomis Auctioneers Inc. suggests the buyer(s) instruct their lawyer to pre-approve the attached agreement, if they are not clear on any items contained in the contract and the attached buyers agreement.

All real estate deposits and buyers premiums, must be paid in full within 3 business days, with the signed auction real estate agreement. All agreements are published on site, far in advance to the end of auction for review. Buyer may not delay for attorney review, post point of sale. All deposits and buyer's premiums must be paid, per agreement.

Balance of all money due at closing.
DO NOT BID IF YOU DO NOT HAVE THE ABILITY TO PAY.
There is no exit strategy for the buyer. Any default or breach ,buyer agrees to a confession of judgment being filed . Seller retains all deposits,Loomis Auctioneers retain the buyer's premium. The property is resold , buyer is responsible for any pricing shortfall, if the property fetches more the second time, original seller is awarded the overage. The original buyer is also liable for all legal , collection , marketing , administration fees , ect. Very serious business ,and treated as such. DO NOT BID UNLESS YOU HAVE FULL INTENTION PAYING AND CLOSING THIS PROPERTY!

DEED FREE & CLEAR / READY TO TRANSFER BY SELLER

Any unsold lots and any personal inventory left or abandoned after auction goes with new buyer at closing of real estate.

*** ALL INFORMATION IN ADVERTISING, MARKETING, WEBSITE, OR ANY OTHER INFORMATION HAS BEEN PROVIDED BY SELLER, FOR REAL ESTATE. IT IS THE BIDDER'S / BUYER’S RESPONSIBILITY TO PERFORM ANY AND ALL DUE DILIGENCE. DO NOT BID IF YOU DO NOT HAVE THE INTENTION OF PAYING, OR CAN NOT PAY, DO NOT BID. BY BIDDING, THE BIDDER /BUYER HAS READ, UNDERSTANDS, AND AGREED TO THE FULL LOOMIS AUCTIONEERS INC. TERMS AND CONDITIONS OF THE AUCTION, AND "HOLDS HARMLESS" LOOMIS AUCTIONEERS INC., AUCTIONEERS, STAFF, AND SHAREHOLDERS, OF ANY AND ALL LIABILITY, WHATSOEVER.

DO NOT BID IF YOU DO NOT AGREE WITH THE PUBLISHED TERMS AND CONDITIONS TO INCLUDE PAYMENTS, METHOD OF REPRESENTATION (AS- IS), BUYER"S FULL DUE DILIGENCE, AND ALL ITEMS ON THE TERMS AND CONDITIONS SHEET. DO NOT BID IF YOU DO NOT HAVE THE ABILITY TO PAY DO NOT BID! ONCE A LOT IS MARKED OR ANNOUNCED SOLD, THERE IS NO EXIT STRATEGY, REFUSALS, REJECTIONS, OR OTHER PERMITTED. READ BEFORE BIDDING!

Auctioneer(s) reserves the right to instruct the bidding increments, and set minimum bidding increments, prior to or during the bidding. Auctioneer(s) reserves the right to reject any or all bids, at their discretion.

Need financing? Contact Loomis Auctioneers for more info. Real Estate Agent Participation Invited. Need assistance or have questions regarding the auction process? Need lending or other financial info? Call us regarding the FAQ’s. How do I bid? Do we need all the money auction day or at the closing of auction? Not at all, only the deposit and buyer's premium. The balance at closing. Can we have an extension for closing? Yes, for qualified buyers. Call us, we can answer all the questions, we love to talk to our bidders!

We always recommend that all bidders place their maximum or "max" bid, to prevent being shut out, or over bid in the final seconds. Please note your max bid is secure, and totally confidential to only you and the system, without access to anyone. Your max bid is not used until someone bids against you. In the event no one bids against you, your max bid money is never used.

Do not risk being maxed out by the last second bidders! Always allow up 10 seconds for internet processing time, internet speed delay, and systems malfunctions.

Please also note that most sessions allow 1 to 2 overtime extensions, of 1 to 2 minutes, when bids are placed in under 2 minutes of final timeout. Again, only 1 to 2 extension bidding times. When the item has timed out, it is over. No claims by unsuccessful bidders considered, whatsoever.