HANSEN'S CAKE
Real Estate & Bakery Equipment
Public Auction
1257 E. Mason Street
Green Bay, WI 54301
Wednesday, April 23, 2008
TIME: 10:30 a.m., Inspection: 9:00 a.m. till sale
REAL ESTATE TERMS: Auctioneer reserves
the right to offer property to result in the highest bid price.
1. Auction Registration: Registration will begin 1
hour prior to the Auction. To register and receive an assigned number,
a prospective bidder must: (a) Provide his or her name, social security
number, residence address, telephone number and identification.
2. Deposits/Cashier's Checks: For the property purchased
at the Auction, the successful bidder must deliver to Badger Auction,
Inc. (the” Auctioneer") CASH or CASHIER'S CHECK (NO EXCEPTIONS
PLEASE) earnest monies in the amount of ten percent (10%) of final accepted
bid plus ten percent (10%) buyer’s fee. Third party checks will
NOT be accepted. Cashier's checks should be made payable to yourself.
The remaining amount of the purchase price will be due by cash or certified
check the day of the closing, must be completed within 30 days of the
auction.
3. Buyer's Fee: A 10% buyer's fee will be added to
the final bid and included in the total contract price.
4. Conditions: The property will be sold in "AS
IS" CONDITION. The seller and Auctioneer hereby expressly disclaim
making any warranties or representation whatsoever, expressed or implied,
written or oral. An owner's Title Insurance Policy will be provided
by the Seller at the Seller’s expense. Seller assumes the obligation
of paying all taxes and assessments occurring up to closing. Seller
reserves the right to reject any or all bids. The
Buyer assumes the responsibility of the Closing Costs, including but
not limited to, the preparation of the Closing Statement and Recording
of the Deed Fee. All information was derived from sources believed
correct, but is NOT guaranteed. Buyers shall rely entirely on their
own information, judgment and inspection of the property and records.
Buyer assumes full responsibility for any and all reports, removal or
disposal of any hazardous materials.
5. Title: Seller agrees to provide a Title Insurance
Policy, in the amount of the purchase price to Buyer and Buyer and Seller
acknowledge and agree that the cost of such Binders shall be of the
Seller's expense, and will be paid at closing.
6. Contracts: The successful high bidder(s) on the
property (ties) will be immediately required to sign a bidders receipt
and acknowledgement and submit cash or cashier’s check in the
amount of ten percent (10%) of final bid plus ten percent (10%) buyer’s
fee of the purchase price.
7. Closing: Balance of the purchase price will be due
at closing within 30 days.
8. Default: If the purchaser fails to comply with any
of the PROCEDURES, TERMS AND CONDITIONS, the seller may, at its option
retain the ten percent (10%) earnest money deposit as liquidated damages
and the auction company may at its option retain the ten percent (10%)
earnest money (buyer’s fee) as liquidated damages. If any sale
is so cancelled prior to the completion of the Auction, the property
may, at the Seller's discretion, be re-offered and resold.
9. Representations: All information was derived from
sources believed to be correct, but is NOT guaranteed. Prospective Purchaser(s)
shall rely entirely on their own information, judgment and inspection
of the property and records. Neither Seller nor Auctioneer makes any
representation or warranties as to the accuracy or completeness of any
information provided.
10. Announcements: All announcements made the day of
Auction will take precedence over all previously printed material and
any other oral statements made. In the event of a dispute over any matter,
the Auctioneer shall make the sole and final secession and will have
the right either to accept or reject the final bid or reopen the bidding.
11. Injury/Damage: Bidder acknowledges responsibility
for any personal injury or property damage caused by bidder or his agents.
Bidder further agrees to hold harmless Badger & all parties for
whom Badger is acting agent, for any personal injury to himself or his
agents and any property damage incurred on sales premises.
12. Broker Participation: Real Estate Broker participation
is encouraged. A commission equal to 2% of the Contract price will be
paid to qualified licensed Real Estate Brokers, if and when a Broker's
properly registered prospect is the high bidder, purchases and closes
on an Auction property. To qualify for the commission, the Broker MUST:
(a) Be an active, duly licensed real estate broker, not prohibited by
law from participation. (b) Register the Prospect(s) on company stationary
with both the prospect's and broker/salesperson's signatures at least
48 hours before the Auction (BROKER PARTICIPATION DEADLINE April 21,
2008 at 1:00 p.m.). Registration notice must be sent to Auctioneers
Headquarters by mail or fax attn: Badger Auctioneers. Neither seller
nor Auctioneer is responsible for delay or failure to meet deadline
if Broker relies on this or any other method of delivery. There are
no provisions for deadline extensions. No oral registration will be
accepted. No commission on the property will be paid to any Broker participating
in purchase of the property. There can be NO EXCEPTIONS to this procedure,
in the case of multiple registrations of the same prospect by different
brokers; the first registration received will be recognized. The real
estate agent must attend and register with the prospect at the Auction
and any inspections.
TERMS: Cash, Credit Card or Certified
Funds.
Letter of Guarantee required with all checks, No Exceptions.
$300.00 Cash Deposit and Photo ID Required to Register.
13% Buyer's Fee for Cash or Certified Funds.
16% Buyer's Fee for Credit Card or Proxy Bids.
Sales Tax Applies. Badger Corporation, Reg. WI #30, 159, 2199
P.O. Box 247, Theresa, WI 53091
FOR INFO. CALL 1-(800) 754-4430
Real Estate Being Sold In Conjuntion With
