WILLIAMS & WILLIAMS REAL ESTATE AUCTIONS

Grand Lake Commercial & Lots

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Auction Date/Time:
Thursday, January 27, 2022
at 4:00pm CST
Auction Location:
1A - 440 North Main Street
Ketchum, OK 74301
Open Public Inspections:
Buildings open 11-2PM Fri Jan 7 & 14. Lots in the gated Vintage neighborhood will be viewable 11-2PM Fri Jan 7 & 14 and 1-4PM Sun Jan 9 & 16. All other residential lots can be viewed at your convenience during daylight hours.

Property is being offered by: Williams & Williams7140 S. Lewis Ave Ste 200, Tulsa, OK 74136800.801.8003

OK Broker: Phil Heiliger Re Lic 129912

Note: A Buyer’s Premium (Buyer’s Fee in WI) will apply for this property. Buyer pays a $199 Technology Fee at closing. Please see Terms of Sale for details.

Property Type:
Suburb
Square Footage:
N/A
Lot Size:
N/A
Year Built:
N/A
Property ID:
360041
On The Lawn
Grand Lake Assemblage
Afton, Ketchum And Langley, OK 74331
Property Type:Suburb
Description:N/A
Sign In To Bid
Auctions Jan 27 at 4:00pm CST
Grand Lake Assemblage

More than 40 Grand Lake area properties will be featured in a one-day auction of prime residential lots and commercial buildings & lots in Ketchum, Afton and Langley. The auction will take place in Ketchum at 440 North Main St, a 5,443+/- sf mixed use building that will be the first property up for auction. The building previously housed a popular restaurant and hospitality. The residential lots are located in newer, platted subdivisions, ready to build.

All of the properties are organized in 11 Groups and most will sell Buyer’s Choice. Some properties will also sell without reserve to the highest bidder. This is an opportunity to acquire adjacent home lots to build custom home sites or hold for future family use. Lots are located near popular restaurants, marinas and other lake amenities. Grand Lake is the premier lake destination for Oklahomans, plus families from Kansas, Missouri and Arkansas. Demand is always high and historically attracts retirees from all over the country with ties to Oklahoma. Let this be an important decision for the new year.

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Individual Commercial & Lots



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Group 1 (Each Property Sells Individually, Subject to Seller Approval)

1A - 440 North Main Street, Ketchum, OK 74301 - 5,443+/- sf mixed use building on 0.8+/- ac ready for redevelopment. Previously used as a restaurant but has more recently been used as a full Airbnb. Multiple lounge areas, commercial kitchen, and individual rooms make this property a prime opportunity to continue as a boutique hotel or Airbnb, restaurant, or office/retail.
1C - 370 Main Street, Ketchum, OK 74301 - 0.3+/- ac commercial lot. Water, sewer, and electric available.
1D - 241 West Broadway Avenue, Ketchum, OK 74301 - 0.24+/- ac of Residential Land. Water, sewer, and electric available.




Group 2 (Each Property Sells Individually, Without Reserve)

2A - 453277 Tradition Circle, Afton, OK 74331 - 0.27+/- ac residential lot. Water and electric available but will require a pump/lift system to connect to the sewage system.
2B - Lot 1 Stonegate Trails, Langley, OK 74301 - 0.2+/- ac residential lot. Water, sewer, and electric available.

Afton Neighborhood (Tradition, Vintage, Legacy)



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Buyer's Choice Group 3 (Subject to Seller Approval)
Residential lots with water and electric available but will require a pump/lift system to connect to the sewage system.

3A - 453347 Tradition Circle, Afton, OK 74331 - 0.28+/- ac.
3B - 0.31+/- Acres Legacy Lane, Afton, OK 74331 - 0.31+/- ac.
3C - 0.18+/- Acres Legacy Lane, Afton, OK 74331 - 0.18+/- ac.
3D - 453293 Legacy Lane, Afton, OK 74331 - 0.2+/- ac.
3E - 453289 Legacy Lane, Afton, OK 74331 - 0.29+/- ac.

Buyer's Choice Group 4 (The first lot selected will sell without reserve. The remaining lots in the group will be subject to seller approval.)
Residential lots with water and electric available but will require a pump/lift system to connect to the sewage system.

4A - 453363 Tradition Circle, Afton, OK 74331 - 0.2+/- ac.
4B - 453367 Tradition Circle, Afton, OK 74331 - 0.22+/- ac.
4C - 453371 Tradition Circle, Afton, OK 74331 - 0.23+/- ac.
4D - 453375 Tradition Circle, Afton, OK 74331 - Removed from Auction Due to a Pre-Auction Offer

Buyer's Choice Group 5 (Subject to Seller Approval)
Residential lots with water and electric available but will require a pump/lift system to connect to the sewage system.

5A - 453260 Legacy Lane, Afton, OK 74331 - 0.28+/- ac.
5B - 8921 Tradition Circle, Afton, OK 74331 - 0.36+/- ac.

Buyer's Choice Group 6 (Subject to Seller Approval)
Residential lots with water and electric available but will require a pump/lift system to connect to the sewage system.

6A - 453283 Tradition Circle, Afton, OK 74331 - 0.26+/- ac.
6B - 453289 Tradition Circle, Afton, OK 74331 - 0.25+/- ac.

Buyer's Choice Group 7 (The first lot selected will sell without reserve. The remaining lots in the group will be subject to seller approval.)
Residential lots with water and electric available but will require a pump/lift system to connect to the sewage system.

7A - 453265 Tradition Circle, Afton, OK 74331 - 0.3+/- ac.
7B - 453269 Tradition Circle, Afton, OK 74331 - 0.27+/- ac.
7C - 453273 Tradition Circle, Afton, OK 74331 - 0.26+/- ac.
7D - 453297 Tradition Circle, Afton, OK 74331 - 0.22+/- ac.

Buyer's Choice Group 8 (Subject to Seller Approval)
Residential lots with water and electric available but will require a pump/lift system to connect to the sewage system

8A - 453303 Tradition Circle, Afton, OK 74331 - 0.25+/- ac.
8B - 453307 Tradition Circle, Afton, OK 74331 - 0.25+/- ac.
8C - 453311 Tradition Circle, Afton, OK 74331 - 0.29+/- ac.
8D - 453315 Tradition Circle, Afton, OK 74331 - 0.28+/- ac.
8E - 453319 Tradition Circle, Afton, OK 74331 - 0.28+/- ac.

Buyer's Choice Group 9 (The first lot selected will sell without reserve. The remaining lots in the group will be subject to seller approval.)
Residential lots with water and electric available but will require a pump/lift system to connect to the sewage system.

9A - 31854 Vintage Way, Afton, OK 74331 - 0.23+/- ac.
9B - 31944 Vintage Way, Afton, OK 74331 - 0.29+/- ac.
9C - 31930 Vintage Way, Afton, OK 74331 - 0.28+/- ac.

Langley Neighborhood (Stonegate)



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Buyer's Choice Group 10 (Subject to Seller Approval)
Residential lots with water, sewer, and electric available.

10A - Lots 5 & 6 Stonegate Trails, Langley, OK 74301 - 0.23+/- ac.
10B - Lot 7 Stonegate Trails, Langley, OK 74301 - 0.23+/- ac.
10C - Lot 8 Stonegate Trails, Langley, OK 74301 - 0.24+/- ac.
10D - Lot 19 Stonegate Trails, Langley, OK 74301 - 0.18+/- ac.
10E - Lot 20 Stonegate Trails, Langley, OK 74301 - 0.16+/- ac.
10F - Lot 21 Stonegate Trails, Langley, OK 74301 - 0.16+/- ac.
10G - Lots 23 & 24 Stonegate Trails, Langley, OK 74301 - 0.4+/- ac.

Afton Neighborhood (Dogwood)



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Buyer's Choice Group 11 (Subject to Seller Approval)
Residential lots with water and electric available but will require septic.

11A - Lot 4 Dogwood Circle, Afton, OK 74331 - 0.63+/- ac.
11B - Lot 5 Dogwood Circle, Afton, OK 74331 - 0.73+/- ac.
11C - Lot 8 Dogwood Circle, Afton, OK 74331 - 0.57+/- ac.
11D - 31949 Dogwood Drive, Afton, OK 74331 - 0.49+/- ac.
11E - 31951 Dogwood Drive, Afton, OK 74331 - 0.54+/- ac.

Personal Property

After the real estate auction has concluded, three personal property items will auction individually. These WILL NOT be available for online bidding. You must be present to bid on them.

• Portable Cabin - currently located on lot 1D in Ketchum. Buyer is responsible for removal of the cabin within 10 days after auction.

• Two Boat Slips - Located in the Vintage neighborhood. 12’ x 30’ with 12’ minimum clearance. Buyer must own property in the Vintage neighborhood to purchase boat slips.

Buyer's Choice

In Buyer’s Choice, Bidders are competing for “the right to choose first.” The high bidder may choose one, some or all of the properties or parcels, and pays the high bid times the number of properties chosen. Then the bidding begins again and the subsequent high bidder now wins the right to choose next.

Questions?

This individual seller chose to auction their property for a time-definite sale. If you have a property to sell, please contact Customer Service at 800.801.8003


On The Lawn
Grand Lake Assemblage
Afton, Ketchum And Langley, OK 74331
Property Type:Suburb
Description:N/A
Sign In To Bid
Auctions Jan 27 at 4:00pm CST

Property is being offered by: Williams & Williams7140 S. Lewis Ave Ste 200, Tulsa, OK 74136800.801.8003

OK Broker: Phil Heiliger Re Lic 129912

Auction Date/Time:
Thursday, January 27, 2022
at 4:00pm CST
Auction Location:
1A - 440 North Main Street
Ketchum, OK 74301
Open Public Inspections:
Buildings open 11-2PM Fri Jan 7 & 14. Lots in the gated Vintage neighborhood will be viewable 11-2PM Fri Jan 7 & 14 and 1-4PM Sun Jan 9 & 16. All other residential lots can be viewed at your convenience during daylight hours.

Note: A Buyer’s Premium (Buyer’s Fee in WI) will apply for this property. Buyer pays a $199 Technology Fee at closing. Please see Terms of Sale for details.

Property Type:
Suburb
Bedrooms:
N/A
Bathrooms:
N/A
Square Footage:
N/A
Lot Size:
N/A
Year Built:
N/A
Property ID:
360041
Grand Lake Assemblage

More than 40 Grand Lake area properties will be featured in a one-day auction of prime residential lots and commercial buildings & lots in Ketchum, Afton and Langley. The auction will take place in Ketchum at 440 North Main St, a 5,443+/- sf mixed use building that will be the first property up for auction. The building previously housed a popular restaurant and hospitality. The residential lots are located in newer, platted subdivisions, ready to build.

All of the properties are organized in 11 Groups and most will sell Buyer’s Choice. Some properties will also sell without reserve to the highest bidder. This is an opportunity to acquire adjacent home lots to build custom home sites or hold for future family use. Lots are located near popular restaurants, marinas and other lake amenities. Grand Lake is the premier lake destination for Oklahomans, plus families from Kansas, Missouri and Arkansas. Demand is always high and historically attracts retirees from all over the country with ties to Oklahoma. Let this be an important decision for the new year.

Scroll Down for Details

Individual Commercial & Lots



View All Property Details From This Area

Group 1 (Each Property Sells Individually, Subject to Seller Approval)

1A - 440 North Main Street, Ketchum, OK 74301 - 5,443+/- sf mixed use building on 0.8+/- ac ready for redevelopment. Previously used as a restaurant but has more recently been used as a full Airbnb. Multiple lounge areas, commercial kitchen, and individual rooms make this property a prime opportunity to continue as a boutique hotel or Airbnb, restaurant, or office/retail.
1C - 370 Main Street, Ketchum, OK 74301 - 0.3+/- ac commercial lot. Water, sewer, and electric available.
1D - 241 West Broadway Avenue, Ketchum, OK 74301 - 0.24+/- ac of Residential Land. Water, sewer, and electric available.




Group 2 (Each Property Sells Individually, Without Reserve)

2A - 453277 Tradition Circle, Afton, OK 74331 - 0.27+/- ac residential lot. Water and electric available but will require a pump/lift system to connect to the sewage system.
2B - Lot 1 Stonegate Trails, Langley, OK 74301 - 0.2+/- ac residential lot. Water, sewer, and electric available.

Afton Neighborhood (Tradition, Vintage, Legacy)



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Buyer's Choice Group 3 (Subject to Seller Approval)
Residential lots with water and electric available but will require a pump/lift system to connect to the sewage system.

3A - 453347 Tradition Circle, Afton, OK 74331 - 0.28+/- ac.
3B - 0.31+/- Acres Legacy Lane, Afton, OK 74331 - 0.31+/- ac.
3C - 0.18+/- Acres Legacy Lane, Afton, OK 74331 - 0.18+/- ac.
3D - 453293 Legacy Lane, Afton, OK 74331 - 0.2+/- ac.
3E - 453289 Legacy Lane, Afton, OK 74331 - 0.29+/- ac.

Buyer's Choice Group 4 (The first lot selected will sell without reserve. The remaining lots in the group will be subject to seller approval.)
Residential lots with water and electric available but will require a pump/lift system to connect to the sewage system.

4A - 453363 Tradition Circle, Afton, OK 74331 - 0.2+/- ac.
4B - 453367 Tradition Circle, Afton, OK 74331 - 0.22+/- ac.
4C - 453371 Tradition Circle, Afton, OK 74331 - 0.23+/- ac.
4D - 453375 Tradition Circle, Afton, OK 74331 - Removed from Auction Due to a Pre-Auction Offer

Buyer's Choice Group 5 (Subject to Seller Approval)
Residential lots with water and electric available but will require a pump/lift system to connect to the sewage system.

5A - 453260 Legacy Lane, Afton, OK 74331 - 0.28+/- ac.
5B - 8921 Tradition Circle, Afton, OK 74331 - 0.36+/- ac.

Buyer's Choice Group 6 (Subject to Seller Approval)
Residential lots with water and electric available but will require a pump/lift system to connect to the sewage system.

6A - 453283 Tradition Circle, Afton, OK 74331 - 0.26+/- ac.
6B - 453289 Tradition Circle, Afton, OK 74331 - 0.25+/- ac.

Buyer's Choice Group 7 (The first lot selected will sell without reserve. The remaining lots in the group will be subject to seller approval.)
Residential lots with water and electric available but will require a pump/lift system to connect to the sewage system.

7A - 453265 Tradition Circle, Afton, OK 74331 - 0.3+/- ac.
7B - 453269 Tradition Circle, Afton, OK 74331 - 0.27+/- ac.
7C - 453273 Tradition Circle, Afton, OK 74331 - 0.26+/- ac.
7D - 453297 Tradition Circle, Afton, OK 74331 - 0.22+/- ac.

Buyer's Choice Group 8 (Subject to Seller Approval)
Residential lots with water and electric available but will require a pump/lift system to connect to the sewage system

8A - 453303 Tradition Circle, Afton, OK 74331 - 0.25+/- ac.
8B - 453307 Tradition Circle, Afton, OK 74331 - 0.25+/- ac.
8C - 453311 Tradition Circle, Afton, OK 74331 - 0.29+/- ac.
8D - 453315 Tradition Circle, Afton, OK 74331 - 0.28+/- ac.
8E - 453319 Tradition Circle, Afton, OK 74331 - 0.28+/- ac.

Buyer's Choice Group 9 (The first lot selected will sell without reserve. The remaining lots in the group will be subject to seller approval.)
Residential lots with water and electric available but will require a pump/lift system to connect to the sewage system.

9A - 31854 Vintage Way, Afton, OK 74331 - 0.23+/- ac.
9B - 31944 Vintage Way, Afton, OK 74331 - 0.29+/- ac.
9C - 31930 Vintage Way, Afton, OK 74331 - 0.28+/- ac.

Langley Neighborhood (Stonegate)



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Buyer's Choice Group 10 (Subject to Seller Approval)
Residential lots with water, sewer, and electric available.

10A - Lots 5 & 6 Stonegate Trails, Langley, OK 74301 - 0.23+/- ac.
10B - Lot 7 Stonegate Trails, Langley, OK 74301 - 0.23+/- ac.
10C - Lot 8 Stonegate Trails, Langley, OK 74301 - 0.24+/- ac.
10D - Lot 19 Stonegate Trails, Langley, OK 74301 - 0.18+/- ac.
10E - Lot 20 Stonegate Trails, Langley, OK 74301 - 0.16+/- ac.
10F - Lot 21 Stonegate Trails, Langley, OK 74301 - 0.16+/- ac.
10G - Lots 23 & 24 Stonegate Trails, Langley, OK 74301 - 0.4+/- ac.

Afton Neighborhood (Dogwood)



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Buyer's Choice Group 11 (Subject to Seller Approval)
Residential lots with water and electric available but will require septic.

11A - Lot 4 Dogwood Circle, Afton, OK 74331 - 0.63+/- ac.
11B - Lot 5 Dogwood Circle, Afton, OK 74331 - 0.73+/- ac.
11C - Lot 8 Dogwood Circle, Afton, OK 74331 - 0.57+/- ac.
11D - 31949 Dogwood Drive, Afton, OK 74331 - 0.49+/- ac.
11E - 31951 Dogwood Drive, Afton, OK 74331 - 0.54+/- ac.

Personal Property

After the real estate auction has concluded, three personal property items will auction individually. These WILL NOT be available for online bidding. You must be present to bid on them.

• Portable Cabin - currently located on lot 1D in Ketchum. Buyer is responsible for removal of the cabin within 10 days after auction.

• Two Boat Slips - Located in the Vintage neighborhood. 12’ x 30’ with 12’ minimum clearance. Buyer must own property in the Vintage neighborhood to purchase boat slips.

Buyer's Choice

In Buyer’s Choice, Bidders are competing for “the right to choose first.” The high bidder may choose one, some or all of the properties or parcels, and pays the high bid times the number of properties chosen. Then the bidding begins again and the subsequent high bidder now wins the right to choose next.

Questions?

This individual seller chose to auction their property for a time-definite sale. If you have a property to sell, please contact Customer Service at 800.801.8003


Terms of Sale:

Thank you for participating in this Williams & Williams Auction. It is important that you familiarize yourself with the terms and conditions as all sales are final and irrevocable. The terms of sale are non-negotiable. Good luck and good bidding!

Registration at the auction (online and/or in person) finalizes each bidder's agreement to the terms and conditions of sale as stated in the Contract and its Addenda which are incorporated by reference into your bidding. Do not bid until you have read the terms and conditions. The High Bidder will be required to pay a Williams & Williams Technology Fee of $199 at closing. By bidding you are representing to Williams & Williams ("Broker" and/or "Auctioneer") and the seller that you have read and agree to be bound by the terms and conditions for this sale as stated herein. DO NOT BID unless you have registered, received a Bidder's Card and Auction Day Notes, and have read and agreed to be bound by the terms of sale in the Contract as they are enforceable against you upon becoming a high bidder.

All properties are sold "AS IS, WHERE IS" with no financing, inspection or other contingencies to sale. Williams & Williams represents the Sellers only and does not inspect properties on bidder's behalf. Read the Contract and Auction Day Notes to determine the existence of any disclosures, exclusions, representations and disclaimers. Do not bid if you have not inspected the property(s). By bidding you agree to all disclosures.

Buyers receive a deed and Title Insurance Policy as provided by the Closer indicated in the Contract (any mobile/manufactured housing not legally affixed to the property shall only be conveyed by a Hold Harmless Agreement or Quit Claim Bill of Sale unless otherwise noted in the Disclosures). Current year's taxes are pro-rated through day of closing as is customary.

A Buyer's Premium of 5% ($500 minimum) will be added to the high bid and included in the total purchase price.

Each high bidder must make a 10% non-refundable deposit per property ($5,000 MINIMUM - whichever is greater) immediately following auction. Cash, cashier's checks, personal checks and business checks (electronically processed) are accepted. If you are a resident / citizen of a country outside of the US, certified funds (bank check, wire transfer, certified checks) are required for the down payment and closing. The balance of the purchase price, all closing costs, and the Technology Fee are due at closing. Closing costs generally range from $750-$3000 and include title exam, title policy, closing fee, filing costs and any other fees noted unless otherwise noted in the Contract.

The Parties acknowledge Buyer will tender the Down Payment in the form of a certified check, cashier’s check, money order, or personal/business check, and said instrument will be made payable to the Escrow Agent, or a wire shall be sent directly to the Escrow Agent, if permitted by the Contract. In those instances where the Down Payment instrument was transmitted to the Auctioneer, Auctioneer shall transmit the Down Payment instrument to the Escrow Agent upon Seller’s acceptance of Buyer’s offer. The Down Payment shall be held by Escrow Agent and disbursed to the Closer identified in the Contract for Sale prior to the Closing Date and following clearance of funds by the issuing financial institution.  Interest, if any, earned on the Down Payment shall be deemed part of the Down Payment and shall be applied together with the principal portion of the Down Payment to the Purchase Price.  The Parties agree that upon a fully executed Contract, the Down Payment is non-refundable, and, at Seller’s request, shall immediately be released to Seller in accordance with the Contract for Sale.

If Seller accepts Buyer’s high bid, then the Contract for Sale shall continue in full force and effect and the Closing Date shall occur no later than thirty (30) days following the date of Seller’s acceptance, except as otherwise may be allowed in accordance with the terms of the Contract for Sale. Buyer(s) and Seller agree that Seller may terminate the Contract for Sale, in Seller’s sole and absolute discretion, in the event the Seller does not accept the Buyer’s high bid.   BUYER UNDERSTANDS AND AGREES IF SELLER HAS PERFORMED SELLER'S OBLIGATIONS UNDER THE CONTRACT FOR SALE, AND IF AT CLOSING THE BUYER FAILS TO PAY THE BALANCE OF THE PURCHASE PRICE OR TO PERFORM ANY OTHER OBLIGATIONS UNDER THE CONTRACT FOR SALE, THE DOWN PAYMENT WILL BE DISBURSED PURSUANT TO OF THE CONTRACT FOR SALE.  BUYER HEREBY DIRECTS ESCROW AGENT AND CLOSER TO DISBURSE THE DOWN PAYMENT FUNDS PURSUANT TO THE TERMS OF THE CONTRACT FOR SALE HEREIN.

Bidding starts at the nominal Opening Bid(s) indicated and is open to the public. The Auctioneer reserves the right to group, add to, delete, withdraw, consolidate or break down lots and/or quantities offered, to sell out of scheduled sequence, to reject any bid which is only a fraction advance over the preceding bid, to regulate bidding, to accept or reject any or all bids, and to cancel or re-schedule an auction. The Auctioneer will call the sale and control any increments of bidding. To make a bid, raise your hand or Bid Card to be recognized. The bidding usually takes less than 3 minutes for each property. Absentee bids may be accepted at the discretion of the Auctioneer. The Auctioneer reserves the right to enter bids on behalf of absentee bidders. Any mistakes during bidding as to who has the high bid and/or at what price may be called to the Auctioneer's attention and corrected. The Auctioneer is the sole arbiter and controller of the conduct of the auction and shall be the final and absolute authority without liability to any party.

Your inspection of the property(ies) and attendance at this auction are at your own risk. Broker and Seller, their agents and employees, expressly disclaim any "invitee" relationship and shall not be liable to any person for damage to their person or property while in, on or about these properties, nor shall they be liable for any defects, dangers or conditions on the property(ies). All persons enter the property(ies) and attend the auction at their own risk and shall defend, indemnify, and save harmless Broker and Seller, their agents and employees, from any and all liability attendant thereto.

All the information contained on this property was obtained from official county maps or other sources deemed reliable but is not guaranteed and may be in error. Seller DOES NOT WARRANT the accuracy thereof. Seller has made no independent investigation of any information provided and assumes no responsibility for the providing of or absence of any information, whatsoever, or for the accuracy thereof.

All auctions are subject to court or seller approval. Seller has (7) business days in which to accept or reject the high bid received at auction and Buyer’s high bid is irrevocable during this time. Buyers are not allowed possession until Closing and filing of the deed, at which time the property should be re-keyed. If for any reason the court or Seller approval is not granted, the Down Payment shall be returned in its entirety to the high bidder. "Showing" requests from Buyers after the auction may not be able to be accommodated.

If more than one property is being auctioned, the Auctioneer may choose to offer a group of the properties for auction at the same time. This is called "BUYER'S CHOICE" and is to accommodate buyers who have an interest in more than one property and/or have 2nd and 3rd choices if they are out bid for a favorite property. Upon winning the bid, please choose which property, or properties, you want. You pay the high bid price for each property selected. Each sale is final and stands alone. Remaining properties are then offered in another round of bidding. Anyone may bid at any time, including prior High Bidders.

Williams & Williams and the Seller expressly disclaim any liability for errors, omissions or changes regarding any information provided for these sales. Please read the Contract and Auction Day Notes for a full and complete understanding of Williams & Williams and Seller's disclaimers. Bidders are strongly urged to rely solely upon their own inspections and opinions in preparing to purchase property and are expressly advised to not rely on any representations made by the Seller or their agents and employees. Property information may change without notice and potential purchasers should investigate all data fully before relying upon it.

 Auction Network
TERMS & CONDITIONS OF SERVICE

The property offered in this auction will be offered and sold by Williams & Williams Marketing Services, Inc. ("Williams & Williams"). Any questions regarding the auction process or a property should be directed to Williams & Williams or its designated representative. Auction Network, LLC ("Auction Network") serves solely as the online bidding service (the "Service") for Williams & Williams. Your use of the Service is governed by these Auction Network Terms & Conditions of Service, and the Auction Network Terms of Use located at the following URL: https://www.auctionnetwork.com/Site/TermsOfUse.asp, as amended from time-to-time by posted notices or oral announcements made during any auction.

Williams & Williams serves as the auctioneer, and represents the owner of the property at auction. The auction and conveyance of each property shall be governed by property specific Contract for Sale, Auction Day Notes, Disclosures, and the Williams & Williams Terms & Conditions of Sale. These documents govern your bid and the sale of each property, and can be accessed and reviewed at the Williams & Williams property specific web page.

DO NOT BID unless you have read the Williams & Williams Terms & Conditions of Sale, the Contract for Sale, Property Disclosures, and the Auction Day Notes for each property. BY PLACING YOUR BID, YOU AGREE TO BE BOUND BY THE PROPERTY SPECIFIC CONTRACT FOR SALE, DISCLOSURES, AUCTION DAY NOTES, AND THE WILLIAMS & WILLIAMS TERMS & CONDITIONS OF SALE.

Auction Network, Williams & Williams and the Seller are not responsible for technical difficulties during online or remote bidding. Occasionally, the Auction Network online bidding interface may be unable to submit bids in the live auction due technical difficulties including, without limitation, the lack of sufficient communication infrastructure at the location of the live auction. Online bidders are advised to place an absentee bid at least 1 day prior to the live auction to ensure their bid is entered into the live auction on the online bidder's behalf.

In the event of any conflict between Auction Network's Terms & Conditions of Service and the Williams & Williams Terms & Conditions of Sale, the Williams & Williams Terms & Conditions of Sale shall control in each instance.

Auction Network has no authority to, and does not provide, any guarantee, warranty, or covenant, of any kind or nature, regarding a property. Per the Williams & Williams Terms & Conditions of Sale, all properties auctioned are otherwise sold "AS-IS, WHEREIS" without any representation or warranty, express or implied, of any kind by Williams & Williams, Auction Network, or the respective seller, and with no financing, inspection or other contingencies to sale. Buyers must conduct their own due diligence and investigation of each property and must also investigate the suitability of each parcel prior to making a bid and purchase at the auction. Buyers must rely solely upon their own investigation and not any information provided by the Seller or Williams & Williams. Failure of a Buyer to be fully informed on the condition of a property will not constitute grounds for any claim adjustment or right to cancel sale.

Neither Auction Network nor Williams & Williams assumes any risk, liability or responsibility for the authenticity of the authorship of any property or livestock offered at this auction (that is, the identity of the creator or the period, culture, source or origin, or lineage, as the case may be, with which the creation of any property is identified).

The auctioneer has the right at his or her absolute and sole discretion to refuse any bid, to advance the bidding in such a manner as he or she may decide, to withdraw or divide any lot, to combine any two or more lots and, in the case of error or dispute, and whether during or after the sale, to determine the successful bidder, to continue the bidding, to cancel the sale or to reoffer and resell the item in dispute. If any dispute arises after the sale, our sale record is conclusive.

Any property may be withdrawn by Auction Network or Williams & Williams at any time before the actual sale without any liability therefore. If the auctioneer determines that any opening bid is not commensurate with the value of the article offered, he or she may reject the same and withdraw the article from sale, and if, having acknowledged an opening bid, he or she decides that any advance thereafter is insufficient, he or she may reject such advance.

These Auction Network Terms & Conditions of Service, Terms & Conditions of Use, Williams & Williams' Terms & Conditions of Sale, as well as the online buyer's rights and obligations hereunder, shall be governed by and construed and enforced in accordance with the laws of the State of Oklahoma. By bidding at this auction, whether in person or by agent, order bid, telephone, online, or other means, the buyer shall be deemed to have consented to the exclusive jurisdiction of the state and federal courts sitting in the State of Oklahoma.

You are registering to bid on the following properties, and as stated above, your bid, and the sale of the property, will be governed by the property specific Williams & Williams Contract for Sale, Disclosures, Auction Day Notes, and Terms & Conditions of Sale. Each of these documents are available for your review at the Williams & Williams property specific web page. DO NOT BID unless and until you review these documents. BY PLACING YOUR BID, YOU AGREE TO BE BOUND BY THE PROPERTY SPECIFIC CONTRACT FOR SALE, DISCLOSURES, AUCTION DAY NOTES, AND THE WILLIAMS & WILLIAMS TERMS & CONDITIONS OF SALE.

Disclosures:
• All properties are sold "AS IS, WHERE IS" with no financing, inspection or other contingencies to sale.

• Escrow. Buyer acknowledges receipt of the Joint Escrow Instructions that modifies the Contract for Sale to provide for a designated Escrow Agent to hold down payment funds. Buyer and Seller agree that the Escrow funds may be held in a trust/escrow account located outside of the state where the Property is located.

• Personal Property Not Included. Only title to the real estate is being conveyed. Personal property may be present, but is not included in the auction. Removal of personal property remaining on site at the time of closing is the responsibility of the Buyer.

· Property Tax Disclosure Summary: Buyer Should Not Rely On The Seller's Current Property Taxes As The Amount Of Property Taxes That The Buyer May Be Obligated To Pay In The Year Subsequent To The Purchase. A Change Of Ownership Or Property Improvements Triggers Reassessments Of The Property That Could Result In Higher Property Taxes. If You Have Any Questions Concerning Valuation, Contact Property Appraiser's Office For Information.

· Square Footage Disclosure. The source of the square footage represented for the property is courthouse records. Buyer understands and acknowledges that square footage measurements of a dwelling can vary from a few feet to several hundred feet regardless of source (County Assessor's records, appraisal or appraisal measurement report, etc.). Buyer shall satisfy that the size and/or square footage of the dwelling is acceptable to the Buyer.

• For the properties in Dogwood - Wastewater Treatment Disclosure. The Property herein has been reported to have/requires an on-site wastewater treatment system/cesspool/septic tank. Buyer is purchasing the Property as-is, where-is with no warranties or assertions by Seller, Williams & Williams, or their agents as to the condition thereof. The Property may be subject to city/county septic inspections. Buyer agrees to comply with all requirements necessary to complete the inspection and closing, including, but not limited to, obtaining the necessary permits and making arrangements to correct any noted city/county violations at Buyers expense.

• For the properties in Vintage - Wastewater Treatment Disclosure. The Property herein has been reported to have/requires an on-site wastewater treatment lift/pump system. Buyer is purchasing the Property as-is, where-is with no warranties or assertions by Seller, Williams & Williams, or their agents as to the condition thereof. The Property may be subject to city/county septic inspections. Buyer agrees to comply with all requirements necessary to complete the inspection and closing, including, but not limited to, obtaining the necessary permits and making arrangements to correct any noted city/county violations at Buyers expense.

· For the properties located in the Vintage subdivision. Association Disclosure. Buyer acknowledges and understands that property is bound by the assessments and restrictions of a condo/home/property owners association, and Buyer agrees to be bound by same. Buyer agrees to assume any special assessments that may be payable in installments that are not yet due. Dues are approximately $1,000 per quarter per lot and are subject to change. If you have a second undeveloped lot, the second lot fee is $500 per quarter. If the lot is developed, it is the full $1,000 per quarter. Dues cover trash, sewer, sprinkler systems, mowing, mulching, pool and pool maintenance, overall maintenance of the common areas.

· Disclosure of Unfinished Road. For lots 2A, 3A, 3B, 3C, 3D, 4A, 4B, 4C, 4D, 5A, 5B, 6A, 6B, 7A, 7B, 7C, 7D, 8A, 8B, 8C, 8D, 8E, 9A, 9B, & 9C located in the Vintage subdivision. Buyer acknowledges and understands that access to individual parcels for ingress and egress is via a gravel roadway. Buyer agrees to keep said roadway open and unobstructed for its use therein. Additionally, Buyer understands that neither the Seller nor the HOA intend to perform or complete any further paving or expansion of the road. Buyer understands that Buyer will be responsible for any actions, fees, permits, surveys, costs, easements, damages, litigation or other remediation measures which Buyer may deem to be required after closing regarding the gravel road or any portion thereof.

· For the properties located in the Stonegate subdivision. Association Disclosure. Buyer acknowledges and understands that property is bound by restrictions of a condo/home/property owners association, and Buyer agrees to be bound by same.

· Propane Disclosure for Lot 1A. Neither Seller, Williams & Williams, nor its agents make any assertions or guarantees as to the condition of the propane tank or location of lines that may be located on the property herein. Buyer is purchasing the Property as-is, where-is, and is responsible for all costs for any required remediation thereto. In the event the propane tank is leased, the Buyer is responsible for any and all costs/remediation required for the propane tank, assuming all lease terms, and/or negotiating a new lease agreement for use of any propane tank.

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Fontana Fitzwilson
Fontana Fitzwilson
Executive Vice President, Sales
PHONE
Selling your property? Find out if auction works for you.
Call 800.801.8003.
Selling your property? Find out if auction works for you.
Call 800.801.8003.