1. Procedure: Bidding ends Wednesday, July 24, 2019, at 10:00 AM, with a soft close, meaning that a bid in the final minute will extend bidding by 5 minutes. All bids placed are by the total dollar amount.  

2. BUYERS PREMIUM: 5% Buyer’s Premium will be added to the final bid price to arrive at the contract sales price. 

3. ACCEPTANCE OF BID PRICES: Winning bidder(s) will enter into a Contract to Purchase immediately upon being declared the Successful Bidder by the Auctioneer. Upon the close of the auction, the winning bidder will be forwarded via email a Contract to Purchase. Trophy Properties and Auction must receive a signed copy of the contract on or before 12:00 NOON, Thursday, July 25, 2019 (hand delivered, faxed, or scanned and emailed). The Seller reserves the right to reject any and all bids. Once accepted, this agreement shall be binding on the parties and their successors and assigns. This agreement is NOT subject to financing, inspections, or other contingencies or delays the closing for such reason. 

4. DOWN PAYMENT: 10% of the contract purchase price will be due upon acceptance of the Sales Contract. Business or Personal Checks or Wire Transfer are accepted. 

5. CLOSING: Closing shall be on or before 3:00 PM., Wednesday, August 22, 2019. 

6. POSSESSION: Possession will be given at closing. 

7. TITLE: Seller shall furnish the buyer(s) at Seller’s expense an Owner’s Policy of Title Insurance in the amount of the purchase price, and agrees to provide and execute a proper deed conveying merchantable title to the real estate to the buyer(s). 

8. REAL ESTATE TAXES: 2019 Real Estate taxes to be prorated to the day of closing. 

9. Under no circumstances shall Bidder have any kind of claim against Trophy Properties and Auction, or anyone else if the Internet service fails to work correctly before or during the auction. 

The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines are drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property. Both real estate (including all improvements, if any) is being sold As Is, Where Is with NO warranties expressed or implied. Please make all inspections and have financing arranged prior to the end of bidding.

Prime Development Land Selling at iAuction 

Pearl Drive, O’Fallon, MO 63376 – PIN # 2-0051-5022-00-2.13 

Bidding Ends Wednesday, July 24^th@ 10 AM. Bid now at TrophyPA.com 

8.16 surveyed acres with utilities onsite in a high growth trade area. The land is zoned Mixed-Use Traditional Development District (MUTDD).  

Call or text Jason Wallingford (314)882-6971 or Jason Cleveland (636)751-4579. 

Seller: Royal Banks of Missouri