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1. Successful bidder will sign a standard Offer to Purchase form today. Offer will be a cash offer with no contingencies of any kind.
2. Earnest money shall be $25,000.00 and will be collected no later than Monday February 25, 2019. If the high bid is accepted, the earnest money will be applied toward the purchase price. If the bid is not accepted, the earnest money will be returned to the buyer.
3. The offer is subject to approval of the owner, who will have until February 25, 2019. The seller may accept, reject, or counter today’s high bid.
4. This offer may not be rescinded prior to Midnight of February 25, 2019.
5. In the event of a counter-offer, today's high bidder will be given the first opportunity to accept any counter offer.
6. The buyer is purchasing the property in its "AS IS" condition with all its faults. No warranties are made as to any aspects regarding the property. There is no guarantee as to the amount of tillable land or uses of the land. Buyers shall rely entirely on their own inspections of the property and the records.
7. A Real Estate Condition Report has been provided, however the buyer is purchasing the property in its "AS IS" condition.
8. If the offer is accepted, closing will take place on or before April 5, 2019.
9. Real estate taxes will be prorated at the time of closing based on the 2018 taxes.
10. A 3% buyer's premium will be added to the final bid to determine the actual contract price.
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