FARM EQUIPMENT AUCTION - MARTIN TN

ONLINE AUCTION TERMS – PERSONAL PROPERTY

(FOR LIVE AUCTION TERMS, PLEASE SEE BELOW)



ALL PROPERTY SOLD “AS-IS” AND “WHERE-IS” and neither Liberty Auction & Realty, the Auctioneer, nor the Seller makes any expressed or implied warranty or representation of any kind or nature with respect to the property being sold.



A 10% Buyer’s Premium will be added to the final bid of each item to reach the total sales price.



All buyer’s must pay for their items at the close of auction. Payments must be made in CASH, CASHIER’S CHECK, CERTIFIED BANK CHECK, OR PERSONAL CHECK.



PICK UP TIME IS MARCH 14TH UNTIL 4:00PM CST AND SATURDAY MARCH 16TH FROM 8AM-11AM CST

ITEMS MUST BE PICKED UP BY 11:00AM ON MARCH 16TH.



REFRESH YOUR SCREEN CONSTANTLY DURING THE CLOSING MINUTES OF THE BIDDING



These are the Bidding Increments:



$0 - $100 = $5 Increment



$100 - $500 $10 Increment



$500 - $1,000 = $25 Increment



$1,000 - $3,000 = $100 Increment



$3,000 - $10,000 = $250 Increment



$10,000 - $100,000 = $500 Increment



$100,000+ = $1,000 Increment





THIS AUCTION FEATURES AN AUTO BID EXTEND

AUCTION END TIMES: Liberty Auction & Realty Online Auctions are timed events and all bidding will close at specified time. Liberty Auction & Realty Online Auctions also have an auto extend feature. Any bid placed in the final 5 minutes of bidding, the auction bidding will be automatically extended 5 minutes from the time the bid was placed. Example: if an auction scheduled to close at 6:00 receives a bid at 5:59, the close time will automatically extend 6:04. The auto extend feature remains active until no further bids are received within a 5 minute time frame.



SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software, or any other online auction-related technologies, Liberty Auction & Realty reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor LIBERTY AUCTION & REALTY SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information as

deemed necessary by Liberty Auction & Realty.



Payment must be made before item(s) are removed by the specified date on the auction advertisement. Payments accepted: Cash, Cashier's Check, and Money Orders.



Liberty Auction & Realty has put forth every effort to make accurate

descriptions of the items. Printed or verbal statements made by staff are matters of opinion and are made in good faith. However all items are sold 'AS IS WHERE IS'. You are responsible for your own inspection if an inspection date is available for the sale.





All Sales are Final - Any purchases over $500 require cash or cashier's check. WE DO NOT SHIP ITEMS. Liberty Auction & Realty does not accept credit cards. The successful high bidder of each item agrees to pay cash and pick up items on scheduled pick up date. If an item is missing or damaged at the time of pick up, the buyer is not obligated to buy that item and has no further recourse against the seller or Liberty Auction & Realty.



Liberty Auction & Realty reserves the right to reject any and all bids for any reason prior to the close of bidding.



Liberty Auction & Realty reserves the right to cancel this auction, or remove any item or lot from this auction prior to the close of bidding.



Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Liberty Auction & Realty will reject the registration, and bidding activity will be terminated. The Seller and Liberty Auction & Realty reserve the right to preclude any person from bidding if there is any question as to the person's credentials, mental fitness, etc.







Bidder responsibilities include, but are not limited to:

Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account. If your USER NAME is offensive to Liberty Auction & Realty then we reserve the right to terminate your bidding.



When using the web site you must obey any and all local state and

federal laws. Violations will result in termination of web site use privileges. Auction company employees and/or auction company may bid on this auction. We gather aggregate information from this web site which may include but is not limited to: number of page visitors, most visited pages, any and all correspondence.



DEFAULT: If purchases are not settled by the specified pick up day, it will be considered in default. Upon default the bidder will be black listed/blocked from bidding on Liberty Auction & Realty auctions, as well as MarkNet Alliance auctions and may be charged 10% of bid price or $500, whichever is greater. All defaulted items may be offered to the next highest qualified at the discretion of Liberty Auction & Realty.





Any dispute between Liberty Auction & Realty, its Agents or Representatives, and the Buyer(s) will be tried in a court of jurisdiction in Henderson County, TN. By bidding on the property, buyer agrees to all terms and conditions set forth.





LOADING: If you are the winning bidder on large items, please bring help and equipment to load the item.





SECURITY: Surveillance and security may be on site; please do not enter the property except at the specified preview date and time or by

appointment.





Buyer and or Bidder agrees to hold harmless and indemnify Liberty Auction & Realty and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.





LIVE AUCTION TERMS

LIBERTY AUCTION & REALTY



PERSONAL PROPERTY



GENERAL ON-SITE BIDDING TERMS & CONDITIONS





10% Buyers Premium will be added to the final bid to reach the total contract price.



All items must be paid in cash or check the day of auction.



Pick up times will be date of auction until 4:00pmCST and Saturday March 16th from 8am-11amCST.



THE PROPERTY WILL BE OFFERED UNDER THE FOLLOWING TERMS AND CONDITIONS OF SALE, WHICH TERMS AND CONDITIONS OF SALE AND DESCRIPTIONS OF ITEMS, MAY BE AMENDED, UPDATED OR ALTERED AT THE TIME AND PLACE OF THE AUCTION FROM THE AUCTION BLOCK. THESE TERMS AND CONDITIONS OF SALE AND ANY ANNOUNCEMENTS FROM THE AUCTION BLOCK SHALL BE BINDING ON ANY BIDDER, WHETHER PRESENT OR REPRESENTED BY AN AGENT, ANY ABSENTEE BIDDER OR ON-LINE BIDDER. BUYERS ARE BOUND BY THESE TERMS AND CONDITIONS OF SALE.







1. TERMS OF SALE:

ALL PROPERTY IS SOLD 'AS-IS' AND 'WHERE IS' AND NEITHER LIBERTY AUCTION & REALTY, THE AUCTIONEER, NOR THE SELLER MAKES ANY EXPRESSED OR IMPLIED WARRANTY OR REPRESENTATION OF ANY KIND OR NATURE WITH RESPECT TO THE PROPERTY BEING SOLD. IN NO EVENT SHALL LIBERTY AUCTION & REALTY, THE AUCTIONEER, NOR THE SELLER BE RESPONSIBLE FOR THE CORRECTNESS OF OR BE DEEMED TO HAVE MADE ANY REPRESENTATION OR WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, DESCRIPTION, SIZE, GENUINENESS, YEAR OF MANUFACTURE, ATTRIBUTION, PROVENANCE OR CONDITION CONCERNING THE PROPERTY OR ANY WARRANTY THAT ANY ITEM COMPLIES WITH ANY APPLICABLE FEDERAL OR STATE LAWS. NO STATEMENT SET FORTH IN THE ATTACHED LIST OR MADE AT THE AUCTION OR IN THE BILL OF SALE OR INVOICE OR ELSEWHERE, WHETHER ORAL OR WRITTEN, SHALL BE DEEMED SUCH A WARRANTY OR REPRESENTATION OR AN ASSUMPTION OF LIABILITY. LIBERTY AUCTION & REALTY, & THE AUCTIONEER, MAKE NO REPRESENTATION OR WARRANTY AS TO THE ACCURACY OF THE DESCRIPTIONS OR REPRESENTATIONS WHICH WERE PROVIDED BY THE SELLER AND OR AS TO THE CONDITION OF THE ITEM.





2. BUYER'S PREMIUM FOR PERSONAL PROPERTY ON-SITE BIDDING:

A 10% BUYER'S PREMIUM WILL BE ADDED TO THE FINAL BID OF EACH ITEM TO REACH THE TOTAL SALES PRICE FOR ALL ITEMS THAT ARE PAID FOR BY CASH, CASHIER'S CHECK, CERTIFIED FUNDS, OR PERSONAL CHECK.





3. CONDITION OF EQUPMENT AND ITEMS SOLD:

ALL INFORMATION IS BELIEVED TO BE ACCURATE, BUT NEITHER THE AUCTIONEER NOR THE SELLER SHALL BE RESPONSIBLE FOR THE CORRECT DESCRIPTION, GENUINENESS, AUTHENTICITY OF, OR DEFECT IN ANY LOT, AND MAKES NO WARRANTY IN CONNECTION THEREWITH. NO SALE SHALL BE SET ASIDE NOR ALLOWANCE MADE ON ACCOUNT OF ANY INCORRECTNESS, ERROR IN CATALOGING, OR ANY IMPERFECTION NOT NOTED. NO ADJUSTMENT WILL BE ALLOWED ON DAMAGED ARTICLES, ALL ITEMS ARE AVAILABLE FOR INSPECTION AND SOLD 'AS-IS' 'WHERE-IS' WITHOUT RECOURSE TO SELLER OR SELLER'S AGENT(S).





4. PAYMENT:

ALL PURCHASES MUST BE PAID FOR ON SALE DAY. ALL BUYERS AGREE TO PAY FOR THEIR PURCHASES NO LATER THAN THE DAY OF THE AUCTION. ALL PAYMENTS ARE TO BE MADE IN U.S. CURRENCY BY CASH, CASHIER'S BANK CHECK, CERTIFIED BANK CHECK, OR PERSONAL CHECK. PURCHASERS WHO WISH TO PAY BY PERSONAL CHECK MUST BE CLEARED BY LIBERTY AUCTION & REALTY OR BY THE SELLER. ALL PROSPECTIVE BIDDERS ARE REQUIRED TO PRE-REGISTER FOR A BIDDING NUMBER AND GIVE EVIDENCE OF THEIR CREDIT-WORTHINESS. LIBERTY AUCTION & REALTY WILL NOT TOLERATE ANY EXCUSES FOR A CHECK THAT DOES NOT CLEAR. PERSONAL CHECKS ARE ACCEPTED FROM PEOPLE WHO HAVE BEEN APPROVED AND WE EXPECT THESE CHECKS TO CLEAR THE BANK IMMEDIATELY. RETURNED CHECK FEE IS $100.00 AND IF NOT MADE GOOD, WILL BE PROSECUTED TO THE FULLEST EXTENT OF THE LAW.





5. COMPLIANCE WITH THE TERMS OF SALE:

IN DEFAULT OF PAYMENT OF BILLS IN FULL WITHIN THE TIME ANNOUNCED FOR THIS AUCTION THE AUCTIONEER IN ADDITION TO ALL OTHER REMEDIES ALLOWED BY LAW MAY RETAIN ALL MONIES RECEIVED AS DEPOSIT OR OTHERWISE, AS LIQUIDATED DAMAGES. LOTS NOT PAID FOR WITHIN THE TIME SPECIFIED HEREIN MAY BE RESOLD AT PUBLIC OR PRIVATE SALE WIHOUT FURTHER NOTICE. ANY RESULTING DEFICIENCY TOGETHER WITH ALL EXPENSES AND COSTS OF RE-SALE WILL BE THE RESPONSIBILITY OF THE DEFAULTING PURCHASER. EACH BUYER IN MAKING A BID DOES HEREWITH AGREE TO COMPLY WITH THE TERMS AND CONDITIONS AS HEREIN STATED AND AS OTHERWISE SET FORTH. THE FAILURE OR DEFAULT BY A SUCCESSFUL BUYER TO FULLY COMPLY WITH THE TERMS AND CONDITIONS HEREIN WILL BE TREATED AS AN IMMEDIATE BREACH AND THE DEPOSIT AS MADE RETAINED AND APPLIED TOWARD ANY DEFICIT IN ADDITIONAL COSTS OR CHARGES AS INCURRED TO EFFECT THE RESALE OF THAT PROPERTY AT PRIVATE OR PUBLIC SALE. THERE SHALL BE NO FUTHER NOTICE REQUIRED TO THE BUYERS ONCE A DEFAULT HAS OCCURRED. THE OBLIGATION OF THE BUYER SHALL BE FOR COSTS AS INCURRED, PLUS ANY DEFICIT INCLUDED ARISING FROM THE BUYER'S DEFAULT.



6. ARTICLES BEING SOLD ARE AVAILABLE FOR INSPECTION, AND SOLD 'AS-IS' 'WHERE-IS' AND WITHOUT RECOURSE AND WITH NO WARRANTY, GUARANTY AS TO OPERATING CONDITION, PHYSICAL CONDITION OR PARTICULAR FITNESS FOR USE. YOU SHOULD MAKE AN INSPECTION OF THESE ITEMS BEFOREHAND SO THAT YOU ARE SATISFIED WITH THEIR CONDITION. ARTICLES ARE NOT WARRANTED AS MERCHANTABLE OR FIT FOR ANY PARTICULAR PURPOSE OR PARTICULAR USE, AND NO CLAIM MAY BE MADE BY PURCHASER RELATING TO THE CONDITION OR USE OF ARTICLES PURCHASED OR FOR PROXIMATE OR CONSEQUENTIAL DAMAGES ARISING THEREFROM.





7. SAFETY DEVICES:

ARTICLES PURCHASED MAY NOT INCORPORATE APPROVED ACTIVATING MECHANISMS, OPERATING SAFETY DEVICES OR SAFETY GUARDS, AS REQUIRED BY OSHA OR OTHERWISE. IT IS PURCHASER'S RESPONSIBILITY THAT ARTICLES PURCHASED BE SO EQUIPPED AND SAFEGUARDED TO MEET OSHA AND ANY OTHER REQUIREMENTS BEFORE PLACING SUCH ARTICLES INTO OPERATION.





8. INDEMNIFICATION:

PURCHASER SHALL DEFEND AND INDEMNIFY AND HOLD AUCTIONEER AND SELLER HARMLESS FROM AND AGAINST ALL CLAIMS AND LIABILITIES RELATING TO THE CONDITION OF, REMOVAL OF, OR USE OF THE ARTICLES PURCHASED OR FAILURE

OF USER TO FOLLOW INSTRUCTIONS, WARNINGS OR RECOMMENDATIONS OF THE MANUFACTURER, OR TO COMPLY WITH FEDERAL, STATE, AND LOCAL LAWS APPLICABLE TO SUCH ARTICLES, INCLUDING OSHA REQUIREMENTS, AND ENVIRONMENTAL PROTECTION AGENCY REQUIREMENTS, OR FOR PROXIMATE OR CONSEQUENTIAL DAMAGES, COSTS OR LEGAL EXPENSES ARISING THERE FROM.





9. THE PURCHASER DOES HEREBY ACKNOWLEDGE THAT THE SUBJECT

PROPERTY IS PURCHASED AT PUBLIC AUCTION AND THAT A PREREQUISITE TO BIDDING IS THAT ALL PROPERTY, WHETHER REAL OR PERSONAL, IS PURCHASED ABSOLUTELY 'AS-IS' WHERE -IS' WITH NO WARRANTY WHATSOEVER AS TO THE CONDITION OF THE SAME.





10. CONFIRMATION OF PURCHASE:

TITLE TO PERSONAL PROPERTY SHALL PASS TO THE BUYER UPON THE FALL OF THE AUCTIONEER'S HAMMER, SUBJECT TO THE COMPLIANCE BY THE BUYER OF THE CONDITIONS OF SALE. BUYER ASSUMES ALL RESPONSIBILITY FOR THE ITEM OR ITEMS AFTER THE FALL OF THE HAMMER AND SHALL PAY THE TOTAL PURCHASE PRICE. ALL SALES ARE FINAL. LIBERTY AUCTION & REALTY AND THE SELLER DO NOT AND WILL NOT BE RESPONSIBLE FOR OR FURNISH ANY SECURITY FOR SOLD ITEMS. LIBERTY AUCTION & REALTY WILL NOT TOLERATE ANY PILFERING OR TAKING OF ANY ITEM OR THEFT OF ANY ITEM. ANY WRONGDOING WILL BE PROSECUTED TO THE FULLEST EXTENT OF THE LAW.



11. DISPUTE BETWEEN BIDDERS:

IF ANY DISPUTE ARISES BETWEEN TWO OR MORE BIDDERS, THE AUCTIONEER MAY DECIDE THE SAME OR MAY IMMEDIATLEY PUT THE LOT OR ITEM UP FOR SALE AGAIN, AND RE-SELL TO THE HIGHEST BIDDER. THE DECISION OF THE AUCTIONEER SHALL BE FINAL AND ABSOLUTE.



12. ADDITION TO OR WITHDRAWAL FROM SALE:

THE AUCTIONEER RESERVES THE RIGHT TO WITHDRAW FROM SALE ANY OF THE ITEMS; TO SELL AT THIS AUCTION ITEMS NOT LISTED; TO GROUP ONE OR MORE LOTS INTO ONE OR MORE SELLING LOTS OR TO SUBDIVIDE INTO TWO OR MORE SELLING LOTS; THE AUCTIONEER ALSO RESERVES THE RIGHT TO SELL ALL OF THE ITEMS IN BULK.





13. INDEPENDENT CONTRACTOR:

THE AUCTIONEER IS ACTING AS AN INDEPENDENT CONTRACTOR ONLY AND IS NOT RESPONSIBLE FOR THE ACTS OF PRINCIPALS OR SELLERS.





14. PERSONAL AND PROPERTY RISK:

PERSONS ATTENDING DURING EXHIBITION SALE OR REMOVAL OF GOODS ASSUME ALL RISKS OF DAMAGE OF OR LOSS TO PERSON AND PROPERTY AND SPECIFICALLY RELEASE AND INDEMNIFY LIBERTY AUCTION & REALTY, THE AUCTIONEER FROM LIABILITY THEREFORE. NEITHER LIBERTY AUCTION & REALTY, THE AUCTIONEER NOR HIS PRINCIPAL, OR SELLER SHALL BE LIABLE BY REASON OF ANY DEFECT IN OR CONDITION OF THE PREMISES IN WHICH THE SALE IS HELD.





15. RECORDS:

THE RECORD OF SALE KEPT BY LIBERTY AUCTION & REALTY, THE AUCTIONEER AND BOOKKEEPER WILL BE TAKEN AS FINAL IN THE EVENT OF ANY DISPUTE.





16. NOMIMAL BIDS:

ANY BID WHICH IS MERELY A NOMINAL OR FRACTIONAL ADVANCE MAY BE REJECTED BY THE AUCTIONEER, IF IN HIS JUDGMENT IT MAY AFFECT THE SALE NEGATIVELY.





17. ADDITIONAL TERMS AND CONDITIONS:

ADDITIONAL TERMS OR CONDITIONS OF SALE MAY BE ADDED BY AUCTIONEER BY ANNOUNCEMENT OR POSTED ON THE PREMISES PRIOR TO THE AUCTION. ALL ANNOUNCEMENTS MADE FROM THE AUCTION STAND WILL TAKE PRECEDENCE OVER ANY PREVIOUS ANNOUNCEMENTS OR STATEMENTS.





18. ANY INDIVIDUAL HERE HAS THE RIGHT TO BID, INCLUDING THE AUCTIONEER, ANYONE ATTENDING THIS AUCTION OR ANYONE WORKING IN THIS AUCTION.





19. LIBERTY AUCTION & REALTY WILL NOT BE RESPONSIBLE FOR ANY MISSED BIDS FROM ANY SOURCE.





20. THE SALE OF THE ITEM WILL NOT BE FINALIZED UNTIL THE FALL OF THE HAMMER AT THE LIVE AUCTION.





21. ALL ON-SITE BUYERS ACKNOWLEDGE AND ACCEPT THESE TERMS AND CONDITIONS PROVIDED AT TIME OF REGISTRATION BY REGISTERING FOR A NUMBER.