Powell Sale Bill

TRACT 1

TRACT 3

TRACT 2

TRACT 4

TRACT 5

TRACT 6

METHOD & TERMS All 6 tracts will be sold on a price per acre basis. Tracts 1, 2, 4, and 5 will sell based on the soon to be completed surveyed acres; and Tracts 3 and 6 will sell based on the taxable acres. Tracts 1 - 5 will be offered through the marketing method of “Buyers Choice,” whereas the high bidder can elect any or all tracts (in any order) for their high bid. If the high bidder does not elect all of the tracts then the remaining tract(s) will be offered until all 5 tracts have been elected. Tract 6 will be sold individually on taxable acres. The tracts will NOT be offered together or in their entirety at the conclusion of the auction. Immediately following the auction, the successful buyer(s) will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing which will take place on or before December 15, 2022. The seller will provide title insurance in the full amount of the purchase price and pay the 2022 real estate taxes, due and payable in 2023. Possession will be given at the time of closing, subject to any remaining tenancy for the 2022 crop year only. The land sells free and clear of tenancy for 2023 and beyond. Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property. All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers, LLC pertaining to this property. Real estate is being sold “AS IS”.

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