TERMS:

TERMS & CONDITIONS
Sequoyah County, OK - Land Auction 17.5 +- Acres & House

All bidders and participants in this auction sale hereby agree that they have read and fully 
understand the following terms. By participating in this auction sale, bidders and participants 
further agree to be bound by the terms and conditions of auction contained herein.

AUCTION DATE & TIME: Thursday- December 16, 2021 -6:00pm CDT AUCTION LOCATION: Online Auction: 
oklandandauction.com

METHOD OF SALE: The property will be offered in 5  individual tracts.  Bids will begin to close at 
6:00pm CDT using a "Soft Close" internet (Online) bidding platform.  All tracts will be linked 
together meaning that no tract will close as long as there is bidding activity on "Any" of the 5 
tracts.  Once there has been a period of 5 minutes without bidding activity all bidding will close 
simultaneously.  In order to buy multiple tracts, combinations  of tracts or the entire ranch you 
must be the high / winning bidder on each individual tract.

SUBJECT TO PRIOR SALE: The seller reserves the right to sell the property prior to the auction.  
All pre-auction offers must be submitted to United Country - Oklahoma Land & Auction.

BUYERS PREMIUM: The contract purchase price will include a Buyer's Premium equal to 10% of the high 
bid amount.

DOWN PAYMENT: A $10,000, per tract, non-refundable down payment based on the total purchase price 
(which includes the buyer's premium), shall be due immediately following the auction by end of 
business 12/16/2021.  The down payment may be made in the form of a direct wire transfer, cashier's 
check, personal check, or corporate check payable to: Valley Land Title Company - 100 N Oak St, 
Sallisaw, OK 74955

NOT SUBJECT TO FINANCING: The real estate purchase agreement is NOT subject to the Bidders ability 
to obtain financing, so all Bidders must have any needed financing arranged prior to bidding at the 
auction. Down Payment deposits are "non-refundable" in the event a Bidder cannot complete closing.

ACCEPTANCE OF BID PRICES: All successful bidders will be required to enter into Purchase Agreements 
at the end of the online bidding immediately  following the close of the auction.  Auction sales 
contracts will be emailed to the winning bidders.  All final bid prices are subject to the Sellers 
acceptance or rejection.
 

Auction staff will be available via phone before and during the auction if bidders would prefer to 
Bid via phone.

EVIDENCE OF TITLE: A current/ updated Abstract or Owners Title Policy will be provided by the 
seller at seller's discretion.

DEED: Title shall transfer by Warranty Deed

CLOSING: The balance of the real estate purchase price is due at closing, which will take place on 
or before Dec. 31, 2021 -  10:00am CT.  Closing will be held at Valley Land Title Company - 100 N 
Oak St, Sallisaw, OK 74955. Closing and Recording fees to be paid by the buyer.

POSSESSION:  Possession stated herein is subject to successful closing and transfer of title.

REAL ESTATE TAXES: All real estate taxes will be prorated to day of closing

PROPERTY INSPECTION:  Auctioneer strongly recommends that any prospective Bidder personally inspect 
the Property prior to the Auction.
Preview dates: Saturday December 4th  at 1:00 pm CDT. Contact John Wilhite 918-775-0156

Each potential Bidder is responsible for conducting, at their own risk, their own independent 
inspections, investigations, inquiries, and due diligence concerning the property. Inspection dates 
have been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and 
all responsibility for Bidder's safety during any physical inspection of the property. No party 
shall be deemed an invitee of the property by virtue of the offering of the property for sale.

ACREAGE: All tract acreages, dimensions,  and proposed boundaries are approximate and have been 
estimated based on current legal descriptions and/or aerial photos and mapping program.

SURVEY: Seller will provide a preliminary survey. Buyer will be responsible for finalizing any 
survey requirements.

AGENCY: United Country - Oklahoma Land & Auction and its representatives are exclusive agents of 
the Seller.

ONLINE AUCTION TECHNOLOGY DISCLAIMER:
Under no circumstances  shall bidder have any kind of claim against United Country - Oklahoma Land 
& Auction, LLC, broker of record or anyone else if the internet service fails to work correctly 
before or during the auction. Online bidding is subject to technology faults and issues which are 
outside the control of the auction company. Bidder(s) are encouraged to use the "Maximum Bid" 
feature on the bidding platform and lock in their maximum bid amount If they are concerned about 
technology failure during the auction.