INTERNET REAL ESTATE AUCTION -- TERMS & CONDITIONS
Thursday - November 20, 2025 at 6:00 PM
2546 Gordon-Landis Rd. Arcanum, OH 45304

" THIS PROPERTY IS OFFERED FOR SALE "AS-IS" WITH NO WARRANTIES OR GUARANTEES. THE PURCHASER(S) AGREES TO PURCHASE THE PROPERTY AND BUILDINGS IN THEIR PRESENT CONDITION.

" THE SALE OF THE PROPERTY IS NOT SUBJECT TO ANY CONTINGENCIES OR THE PURCHASER'S ABILITY TO ACQUIRE ANY NECESSARY FINANCING. IT IS THE PURCHASER(S) RESPONSIBILITY TO MAKE ARRANGEMENTS TO INSPECT AND VIEW THE PROPERTY IN ITS PRESENT CONDITION PRIOR TO THE CONCLUSION OF THE AUCTION. THE PURCHASER(S) ARE RELYING SOLEY UPON SUCH EXAMINATION WITH REFERENCE TO THE CONDITION, CHARACTER, SIZE OF LAND, IMPROVEMENTS, AND FIXTURES, IF ANY.

" THE REAL ESTATE SHALL SELL WITH SELLER'S CONFIRMATION, UNLESS OTHERWISE ANNOUNCED AND NOTED, FREE AND CLEAR OF ANY LIENS OR INCUMBRANCES.

" THE PURCHASER(S) SHALL BE REQUIRED TO DEPOSIT $5,000 DOWN AS ESCROW MONEY WITHIN 24 HOURS OF THE CONCLUSION OF THE AUCTION. THE BALANCE IN FULL IS DUE AND PAYABLE ON OR BEFORE 45 DAYS FROM THE DAY OF AUCTION.

" THE SELLER SHALL PAY THE DECEMBER 2025 TAX INSTALLMENT IN FULL. THE PURCHASER(S) SHALL BE RESPONSIBLE FOR ANY REAL ESTATE TAXES THEREAFTER. THERE WILL BE NO PRORATION OF REAL ESTATE TAXES.

" PURCHASER(S) AGREE TO ACCEPT THE SALE OF THE REAL ESTATE UPON THE TERMS AND CONDITIONS THAT ARE SET FORTH. PLACING AN ONLINE BID OR BIDS WILL IMPLY YOUR ACCEPTANCE OF THE TERMS AND CONDITIONS OF THIS AUCTION AND WILL BE LEGALLY BINDING.

" IT IS UNDERSTOOD THAT THE AUCTIONEER(S), MIDWEST AUCTIONEERS & REALTY, INC. AND THEIR STAFF ARE AGENTS FOR THE SELLER AND DO NOT IN ANY WAY REPRESENT THE PURCHASER(S) CONCERNING THE SALE AND/OR THE REAL ESTATE OFFERED FOR SALE.

" THE SUCCESSFUL PURCHASER(S) SHALL BE REQUIRED TO SIGN A REAL ESTATE PURCHASE AGREEMENT/CONTRACT AT THE CONCLUSION OF THE AUCTION. A 10% BUYER'S PREMIUM SHALL BE APPLIED TO THE FINAL BID TO ESTABLISH THE CONTRACT SALES PRICE. OTHER NECESSARY AND APPLICABLE DOCUMENTS MAY BE REQUIRED BY STATE AND/OR FEDERAL LAW.

Online Real Estate Auction 2546 Gordon-Landis Rd. - Arcanum, OH 45304 Property will be offered Online Only at www.HiBid.com Bidding will end on Thurs. - November 20, 2025 at 6:00 PM Huge potential with this unique 1.15-acre property located just minutes from town and convenient proximity to the interstate. The 3-bedroom, 1 bath home features loads of charm and character with original hardwood floors and woodwork trim throughout, spacious living and family rooms, split with French doors, both encompass bay windows allowing wide open panoramic views, and several built-in cabinets. This home also includes an oversized 24'x 40', 2-car attached garage, a Generac whole house back-up generator, geo-thermal heat system, and finished with a complete wrap-around porch and partially fenced rear yard. Also included on this property is a 960 sq. ft. "guest-house" or "home-office", complete with a kitchen, living space, and bathroom, and 2 large flat barns with partial concrete floors, hay mow, and overhead doors. Terms: Selling with a 10% buyer's premium added to the final bid to establish the final contract sales price. $5000 escrow deposit required day of auction w/ balance due in 45 days. The sale is not contingent on any financing or inspections. Please have all of that completed prior to the close of the auction. You must register & bid online for this auction. If you have any questions or want to schedule a showing and/or inspections, please call our office at 937-548-2640. Janice Rex Trust - Timothy & Russell Rex, Trustees