81 Acre Shelby County Farm
Perry Twp. Sidney (Pasco) Ohio
Farm will be offered in 2 Tracts and in Combination
This will be an On-Line Only Event
Bidding Ends Wednesday, June 9th. At 2 PM
Subject To "Multi Parcel" Bidding System
0 State Route 706.
Located 1 mile East of Pasco on State Route 706 Sidney, Ohio
This Property is being offered via an Online Only Auction Event. Bidding platform will open June 7th. for individual parcels. Combination round will open June 8th at NOON Individual parcels and the combination will begin ending June 9th. at 2:00 P.M. with a soft close and extended bidding offered.
AUCTION PROCEDURE: The above real estate will be sold to the highest bidder(s) subject to estate confirmation using the multi parcel auction method with a soft close. If a bid is placed within 10 minutes of the auction close, bidding will automatically be extended an additional 10 minutes and the last bidder will be notified via e-mail that they have been outbid. Bidding will remain open until all bids have remained silent for 10 minutes. Our system also offers a Max Bid or proxy bidding feature in which a bidder may enter their maximum bid and the computer will bid on their behalf in designated increments.
BUYER’S PREMIUM: A 5% buyer’s premium will be charged. This buyer’s premium will be added to the final high bid to determine contract price.
NOTIFICATION OF ACCEPTANCE OF OFFER: The successful bidder(s) will be notified via phone within 2 hours of the auction close if their bid has been accepted. The successful bidder(s) will be required to enter into a NON CONTINGENT MEMORANDUM OF AUCTION SALE AGREEMENT (Purchase Agreement located in the document section of the website) with the sellers within 24 hours of the auction close. This shall be completed at the auction office located at 135 South Wilkinson Ave. Sidney, Ohio. Your bidding is considered to be a binding contract.
DEPOSIT: $ 10,000.00 shall be required within 24 hours of the auction close as good faith earnest money for each offered parcel. If one bidder purchases both parcels deposit shall be $ 20,000.00 This deposit shall be made payable to Lawyers Title Agency and will be held in Escrow until closing at which time it will be returned to the buyer. If the buyer fails to perform per the terms of the auction purchase agreement the deposit will be forfeited and paid to seller.
TITLE: At closing the seller shall convey marketable title to the property free and clear of all liens and encumbrances in the form of a fiduciary deed. If the seller’s title is found to be defective the seller shall have the right to remedy the defect within 60 days. If this cannot be done, then, at the option of the buyer, the deposit shall be returned and the auction sale terminated.
CLOSING: The full contract purchase price is due at closing which shall take place no later than July 15th. 2021. Closing shall be held at Lawyers Title Agency Sidney, Ohio.
POSSESSION: Possession to all tillable acreage shall be granted, subject to the rights of the current tenant farmer, upon removal of crops for the 2021 crop year to be no later than December 15, 2021. Seller shall retain all interests in growing crops.
REAL ESTATE TAXES and FEES: All real estate taxes and assessments, if any, shall be pro-rated to date of closing using the long proration method customary in Shelby County, State of Ohio. Any CAUV recoupment due to change of current use shall be the responsibility of the purchaser. Any and all closing fees, transfer tax, deed stamps etc. shall be the responsibility of the purchaser.
SALE CONTINGENCIES: Your agreement to purchase this property is subject to no contingencies of any type including financing.
AGENCY: Justin Vondenhuevel CAI as auctioneer and Gay Smith and Associates Realty are exclusive agents of the seller.
SURVEY: Current owner will provide a new survey if required by combination splits. If farm is sold as a whole unit a new survey will not be completed.
DISCLAIMER AND ABSENCE OF WARRANTIES: The property and all fixtures are being sold on an AS-IS WHERE IS BASIS with no warranty or representation, either expressed or implied, concerning the property by the sellers, Broker or auction Company. Buyers are responsible to perform all of their own inspections and have those results satisfactory to their expectations before bidding.
Owner: The Estate of Dick J. Adams Dr. Richard Adams Executor
Justin Vondenhuevel Auctioneer/ REALTOR
Gay Smith/Associates Realty Sidney, Ohio
ANY ANNOUNCEMENTS POSTED TO WEBSITE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS