AUCTION IN-PERSON ONLY:
Event Location:
750 US HWY 180W
SEMINOLE, TX 79360
General Information
The land lease will be sold as described the day of live auction to the highest bidder subject to acceptance of the seller(s). The lease
is being sold in “AS IS, WHERE IS CONDITION” without contingencies of any nature. Only properly registered bidders will be eligible to bid
at this Land Lease Auction
Inspections
It is the bidders’ responsibility to inspect the land and to perform his or her own due diligence. The seller and auctioneer assume that
bidders have inspected the land and performed their own due diligence prior to bidding and that each high bidder is leasing the land
based solely on his or her own independent investigations and inspections and not in reliance on any information provided by seller, auctioneer,
any of their employees, officers, directors, agents or contractors, subagents or subcontractors. It is also understood that neither the seller nor
auctioneer have made any agreement to alter, repair or improve the lease and it sells “as is, where is”, with no warranties or representations
whatsoever, expressed or implied, including, without limitation, as to condition, fitness for any particular purpose or merchantability, compliance
with government laws, ordinances or regulations. Although information provided herein and in amended/supplemental materials has been
obtained from sources deemed reliable, information has not been verified by the auctioneer. If a survey is required, it shall be at the buyer’s
expense.
The seller and auctioneer, their representatives, agents, or subagents, assume no liability for errors or omissions in this land lease listing in
advertising, promotional or publicity statements and material. The auctioneer, their representatives, agents, or subagents, make no guarantee
as to the accuracy of the information herein contained or in any other lease listings in advertising, promotional or publicity statements and
material. Neither the seller nor the auctioneer has any obligation to update this information. Neither auctioneer, their agents or subagents,
assume any liability whatsoever for any oral or written representation, warranties or agreements relating to the land lease (including information
appearing in any brochure or announcements at the time of auction) except as expressly set forth in the auction land lease purchase contract.
Buyer also agrees that if they have the second highest bid, they will immediately sign the back up bidder agreement, if requested, and comply
with terms of said agreement in their entirety.
NOTE: Announcements made at the beginning of the live auction event take precedence over all printed material, advertising,
promotional/publicity statements, offering statements (as amended and supplemented) and auction marketing materials.
Bidder Requirements
All auction attendees for this land lease auction will be required to complete the bidder registration form or real estate auction guest form
approved by auctioneer, in their entirety.
High Bidder Requirements
Immediately upon close of bidding for the land lease, the high bidder, upon request, shall be required to execute the land lease purchase agreement
indicating the high bid amount, buyers premium amount, and total contract price along with bidder identification. After final purchase(s) have
been made, buyer shall tender the required deposit made payable to the seller of the land lease. Failure to do so shall the give seller and the
auctioneer the right to nullify such bid and reopen the bidding on said lease. If the high bidder to whom a lease has been declared “sold”
fails to perform as agreed to in the terms and conditions of this auction, any deposit shall be forfeited to seller and auctioneer by the high bidder
as liquidated damages and seller may resell the land lease free and clear of any liability or claims by such high bidder.
Buyers Premium
A buyers premium of 10% of the high bid will be added to the accepted high bid to determine the total contract purchase price of the land lease
unless announced otherwise the day of live auction.
