LIVE SIMULCAST AUCTION
Thursday, February 26, 2015
@ 1:00 PM
Farm Equipment Auction
R & R Farms Partnership
Court Ordered Auction
Equipment is located at the Farm
6346 Garriques Road Louisville, MS
Auction will be conducted at
Lake Tiak-O'Khata Hall
213 Smyth Lake Road
Inspection: Wednesday February 25 9am-4pm
Please note: Mrs. Ray's house and personal assets are not part of this auction.
10% Buyers Premium & MS Sales Tax is Applicable
FOR LIVE INTERNET AND SIMULCAST BIDDERS: There is a 13% Buyer's Premium added to the total. 3% discount for cash or checks which if utilized reduces your buyer’s premium to 10%.
Information is subject to change. All statements made prior to the live sale of any item take precedence over written material and any prior verbal statements.
Catalog: Taylor Auction & Realty, Inc. has put forth every effort in preparing the catalog for this auction to provide accurate descriptions of all items. Printed statements or descriptions by staff are provided in good faith and are matters of opinion.
All property is sold 'as-is' with all faults, imperfections and errors of description. Due diligence is the responsibility of the bidder/buyer. Purchases may be removed upon receipt of payment in full. Buyers assume complete responsibility for care of each purchase at time of sale. The auction company is not responsible for accidents, thefts, errors or omissions. INSPECTION IS HIGHLY RECOMMENDED.
Payments: All sales are final. All accounts must be settled at the conclusion of the auction. Please bring a bank letter of guarantee for expected purchases over $10,000. We require wire transfer for purchases over $5000.00. Check and Cash is preferred method of payment. Visa, MasterCard, American Express and Discover are accepted and if utilized for payment, a 3% surcharge will be in effect. No credit card charge backs will be allowed. A pre-auction authorization maybe performed to establish available credit. Debit cards may show a hold on funds for a short period of time. NOTHING will be charged to your card until a purchase is made. Each transaction necessary to collect insufficient funds will have a $25 fee imposed. Note: Checks may be processed the day of the auction; be sure to have adequate funds in your account.
DEFAULT OF BUYER: Successful bidder not paying for items at the end of the auction will be considered in default. Such default by the Successful Bidder will result in that Bidder’s liability to both the Seller and both auction companies. Seller shall have the right to (a) declare this contractual agreement cancelled and recover full damage for its breach, (b) to elect to affirm this contractual agreement and enforce its specific performance or (c) Seller can resell the items either publicly or privately with Taylor Auction & Realty, Inc. and in such an event, the Buyer shall be liable for payment of any deficiency realized from the second sale plus all costs, including, but not limited to the holding/transporting/storage costs of the items, the expenses of both sales, legal and incidental damages of both the Seller and Taylor Auction & Realty, Inc., Inc. In addition, Taylor Auction & Realty, Inc., Inc. and also reserve the right to recover any damages separately from the breach of the Buyer. The purchaser agrees to pay all reasonable attorney fees and costs incurred by Taylor Auction & Realty, Inc., Inc. in the collection of funds. Taylor Auction & Realty, Inc. reserves the right to refuse bidding privileges to any person(s).
Inspection will be held Wednesday, February 25, 2015 from 10:00 AM - 4:00 PM
or by appointment by calling Benny Taylor at 662-417-0397.
Items are located at 6346 Garrigues Road, Louisvlle, MS
Please Note: The house and the personal assets of Ms. Ray's are not a part of the auction!
All items must be removed from premises by the load out times below. Any item left is at the buyer’s risk. The owner or auction company assumes no risk for items left after removal days.
AUCTION LOAD OUT INFORMATION
Thursday, Feb. 26 – After Auction - 5:00 PM
Friday, Feb. 27 – 9:00 AM - 4:00 PM
Shipping: N/A for this auction
Live Internet Bidding: Our online auctions move quickly! If you are interested in an item, bid quickly. If you win an item in the auction you will be notified by email. In order to have enough time to conduct authorizations, registration must be completed at least 24 hours in advance of the auction and if it is a multiple day event, 24 hours prior to the first day of the auction. If the day before an auction falls on a holiday or weekend, the deadline is the day before the holiday or the Friday prior to the auction.
Registration: In order to better serve our customers, all bidders must provide their name, address, daytime phone number, and email address at which they can be contacted. This is to insure good communication between Taylor Auction & Realty, Inc., Inc. and the bidder throughout any transactions.
Taylor Auction & Realty, Inc. reserves the right to refuse bidding privileges to any person(s).
CONDUCT OF THE AUCTION: Conduct of the auction and increments of bidding are at the direction and discretion of Taylor Auction & Realty, Inc. Taylor Auction & Realty, Inc. reserve the right to reject any and all bids for any reason and also reserves the right to cancel this auction, or remove any item or lot from this auction prior to the close of bidding. All decisions of Taylor Auction & Realty, Inc. are final.
Bidding: The auctioneer has the sole discretion to advance the bidding and may reject a nominal advance, should it in his estimation prove injurious to the auction. The auctioneer shall be the final judge in all bidding disputes and shall name a bidder as the purchaser. The auction company shall not be held responsible for any 'missed' bids or bids unseen by the auctioneer. By bidding on any item, the bidder shows acceptance of the terms of the auction.
SOLE AND EXCLUSIVE VENUE & JURISDICTION OF ALL DISPUTES: Any and all claims, including debt collection and all other disputes of any kind, nature, or character whatsoever arising from this auction sale shall be brought in the appropriate court of Grenada County, Mississippi, and shall be governed by the laws of the State of Mississippi; Seller, Bidder and Buyer each individually and collectively by virtue of participating in the Auction conducted by Taylor Auction and Realty, Inc. do hereby irrevocably agree to submit themselves and any claims to the jurisdiction and venue of the courts of Grenada County, Mississippi, and the laws of the State of Mississippi, which shall be the sole venue and jurisdiction for resolution of any claims between them and Taylor Auction and Realty, Inc. regardless of the nature or location of the property sold/purchased or the physical location of the Auction. The successful purchaser agrees to pay any and all reasonable attorney fees and costs incurred by the Auction Company, the seller and/or their servants, agents or employees in the commencement or defense of any actions hereunder as well as in the collection of any obligations hereunder. The purchaser agrees that a fee of 2% per month be added to the balance of any unpaid balance due the Auction Company and any other costs or losses incurred by the purchaser's failure to adhere to these terms.
HOLD HARMLESS: Buyer and or bidder agrees that Taylor Auction and Realty, Inc. is a representative of the Seller and agrees to hold harmless and indemnify Taylor Auction & Realty, Inc. and its Agents, Owner, Directors, Employees and its Representatives from any and all claims, demands, expenses, damages which bidder/buyer may claim on account of or any way growing out of said auction and to look solely to the Seller for any remedy demanded.
Bidder Acknowledgment: Bidder acknowledges that no relationship of any nature or type, agent, employee, independent contractor or otherwise is created between the bidder and the auctioneer, affiliated auction companies, affiliated software companies and/or any servant, agent or employee of the same by bidder's participation in this auction. Bidder acknowledges and agrees that Auctioneer is acting solely as the agent for the seller in this auction.
Bidder Responsibilities: 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. 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 auction for absentee bidders or at the direction of interested bidders.
Guaranty Agreement in regard to bidding for a business entity: By submitting a bid in the name of a business entity or corporation, the individual submitting the bid enters into a guaranty agreement whereby he or she personally guarantees payment to Taylor Auction & Realty, Inc. and completion of the transaction.
TECHNICAL SOFTWARE ISSUES: NEITHER THE COMPANY PROVIDING THE SOFTWARE NOR THE AUCTION COMPANY SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Taylor Auction & Realty, Inc. is providing online bidding as a service to Bidder. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall Bidder have any kind of claim against Taylor Auction & Realty, Inc. or anyone else if the internet service fails to work correctly. Taylor Auction & Realty, Inc. will not be responsible for any missed bids from any source.
Time Increase or Decrease:: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Taylor Auction & Realty, Inc., reserve the right to extend bidding, continue the bidding, or close the bidding or increase of decrease the extended time amount at the end of the auction.
Taylor Auction & Realty, Inc.
15488 Hwy 51 N
Grenada, Ms 38901
INFORMATION IS SUBJECT TO CHANGE