Boytar Auction

AUCTION TERMS AND CONDITIONS

PROCEDURE: The property will be offered in 4 individual tracts and in any combination. There
will be opening bidding on the farm as determined by the auctioneer. The farm will be sold on a
per acre basis.

DOWN PAYMENT: 10% down payment, per tract, on the day of auction. The down payment
must be by personal check, corporate check, or cashier’s check.
BIDDING IS NOT CONDITIONAL UPON FINANCING. You must have your financing arranged and
be capable of paying cash at closing.
ACCEPTANCE OF BIDS: Any and all successful bidders will be required to enter into a purchase
agreement with the seller immediately following the sale, on site. All final bids are subject to
the seller’s acceptance or rejection.
EVIDENCE OF TITLE: The seller will provide a preliminary title opinion, certificate, or report to
be made available to prospective bidders for review prior to bidding. If any buyer elects to
purchase title insurance, the cost thereof will be at buyer’s sole expense. Seller will convey title
free and clear of liens, but otherwise subject to all easements and matters of record. All Tracts
& Residence are being sold on an “AS IS, WHERE IS” basis.
DEED: Seller shall provide a General Warranty deed at closing.
CLOSING: The balance of the purchase price is due at closing, which will take place within 30
days after the auction.
FARM POSSESSION: After fall harvest 2023.
REAL ESTATE TAXES: Taxes will be prorated to the date of closing. Farmland is currently in
CAUV. If buyer converts property to a non-agricultural use, buyer will be responsible for the
payment of any CAUV recoupment taxes. New taxes may be assessed due to any parcel split
created by the auction.
PROPERTY INSPECTION: Potential buyers are responsible for conducting their own inspection
of the property and any due diligence, inquiries, and inspections will be conducted at their own
risk. Seller disclaims any and all responsibility for the bidder’s safety during any physical
inspection of the property.
TRACT MAP/ACREAGE: All dimensions, proposed boundaries, and tract acreages are
approximate and are based on aerial photos and auditor information.
MINERAL RIGHTS: The sale will include 100% of the mineral rights, if any, owned by the seller.
SURVEY: The seller shall provide a new survey and legal description for any new parcels created
by the auction.
AGENCY: Oakridge Realty & Auction Company, and its representatives are sole agents for the
seller.
DISCLAIMER & ABSENCE OF WARRANTIES: All information contained in this brochure and all
related materials are subject to the terms and conditions in the purchase agreement. Prior to
closing, buyer will have an opportunity to inspect the property and will be relying solely upon
such inspection in determining the condition and character of the property. The property is
being sold on an “AS IS, WHERE IS” basis and no warranty or representation, either expressed
or implied, concerning the property is made by the Seller or the Auction Company. All sketches
and dimensions in this brochure are approximate. Each potential bidder is responsible for
conducting his or her own independent inspections, investigations, inquiries, and due diligence
concerning the property. The information contained in this brochure is subject to verification by
all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller
or Auction Company.
ANY ANNOUNCEMENTS MADE ON THE DAY OF SALE TAKE PRECEDENCE OVER PRINTED
MATERIALS.
Seller: Ash & Megan Boytar
Auctioneer: Kevin Miller – Oakridge Realty & Auction Company