1.
REGISTRATION: All prospective buyers
MUST register in order to bid at the auction. Each bidder shall be
required to possess a certified check drawn payable to themselves in
the amount of $25,000 per vessel and $50,000 for the marina.
2. PURCHASE AGREEMENT: The
successful buyer shall sign a Vessel Purchase Contract and Receipt
and endorse the certified check to a Trust Account. This amount plus
the difference, up to 10% of the total contract price,is payable by
personal/company check and credited toward the total contract price.
If for any reason, the buyer(s) are unable to complete the
transaction, the Earnest Money will be forfeited. Final settlement
shall be on or before December 15, 2015.
3. INSPECTION: Previewing and inspection of is essential. The
vessels and marina are being sold: "AS IS - WHERE IS".
4. SELLER'S & AUCTIONEER'S DISCLAIMER:
All announcements made by the auctioneer shall take precedence over
any previously written material or oral statements made by
auctioneer. Conduct of the auction, with reserve, increments
of the bidding, duration of the auction and decisions as to the high
bidder, will be at the sole discretion of the auctioneer. ALL
information is subject to the inspection and verification by all
parties relying on it. NO GUARANTEE, WARRANTY OR REPRESENTATION,
EXPRESSED OR IMPLIED IS GIVEN ON THE INFORMATION CONTAINED IN THE
BROCHURE OR DUE DILIGENCE INFORMATION. The Seller and their agents
expressly disclaim any and all liabilities, which may be based on
such information, errors therein or omissions therefrom. ONLY such
representation and warranties as may be set forth in a definitive
Vessel Purchase Contract between Seller and Buyer shall have any
legal effect. Seller reserves the right of prior disposal of the
vessels and the marina.
5. BUYER PREMIUM:
A ten (10%) fee will be added to the successful high bid. This fee
is divided: 8% to Auctioneer (4% paid to participating Broker if
any), and 2% to Seller. The Buyer Premium is refundable if SELLER
cannot deliver clear and marketable title to the vessels or marina
at close of escrow, through no fault of the buyer(s).
6. ABSENTEE BIDS: Individuals
unable to attend tbe auction may complete an Absentee Bid Form,
authorizing the auctioneer to bid on their behalf, up to a specific
amount. Or, register and bid on the Internet:
www.MarineAuctionServices.com
7. BROKER PARTICIPATION: Boat Brokers
and Real Estate Brokers are encouraged to participate in the Auction
process and register their respective clients. Contract the
Auctioneer for Registration Forms. NO oral registrations will be
accepted!
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