Guaranteed Free and Clear Title: Special Warranty Deed to be conveyed free and clear of all liens, encumbrances, and easements (see number 11)
10% or $4,000 Buyers premium applies (Whichever is greater)
10% or $4,000 deposit due day of auction (whichever is greater)
Example: If the winning bid on a property is $100,000, the 10% buyer's premium of $10,000 would be added to the bid amount, making the TOTAL PURCHASE PRICE $110,000. The required deposit due the day of auction would be $10,000. The balance of $100,000 would be due at closing.
(F) Deposits will be held by Sherman Hostetter Group LLC (Hostetter Auctioneers), unless otherwise stated here:
(H) Settlement to be made on or before: (Within 30-45 days of auction)
(I) Conveyance from Seller will be by fee simple deed of general warranty unless otherwise stated here:
(J) Payment of transfer taxes will be divided equally between Buyer and Seller unless otherwise stated here:
(K) Real Estate Taxes will be prorated on a fiscal year basis, unless otherwise stated here:
(L) At time of settlement, the following shall be adjusted pro-rata on a daily basis between Buyer and Seller, reimbursing where applicable: taxes, rents, interests on mortgage assumptions; condominium fees and homeowner association fees, if any, water and/or sewer rents, if any, together with any other lienable municipal service. The charges are to be pro-rated for the period(s) covered: Seller will pay up to and including the date of settlement; Buyer will pay for all days following settlement.