Your registration or bidding on a lot at our auctions constitutes your acceptance and agreement of the following terms and conditions.
1. WARRANTIES & DISCLAIMERS: All items are sold AS IS, WHERE IS, without warranty or guarantees expressed or implied no refund, returns, or exchanges and with all faults. AUCTIONEER AND SELLER EXPRESSLY DISCLAIM AND EXCLUDE THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. Bidders should rely solely on their own inspection of all items prior to the sale and should satisfy themselves as to the usefulness, value and or condition of each item. Seller, Auctioneer and Buyer expressly agree that Buyer is responsible for and agrees to indemnify Seller, Auctioneer and their respective affiliates for any and all damages, losses, expenses, attorney fees, court costs, etc. that arise out of or result from the removal, possession or use of any items purchased at auction or any other claim regarding the use of possession of any asset purchased at this auction. All descriptions are for informational purposes only. Any error in description does not relieve the buyer or his/her agent of their responsibilities - ALL SALES ARE FINAL. Your bid is a binding contract. Once the auctioneer (or bidding platform) indicates an item is sold to bidder a contract has been consummated and the liability of the item(s), including responsibility for payment, loss or damage rests solely with the bidder. Fraise Auction & Real Estate will not be held responsible for internet, computer or other human errors.

Terms: $10,000 earnest money deposit due at the end of the auction, to be held and payable to the title company, with the remaining balance due on or before July 30, 2025. The seller will provide title insurance in the full amount of the purchase price. Real Estate sells "as is, where is." Sale is not contingent on Buyer's financing, inspections, or any other contingencies.
Survey: Seller shall not be obligated to perform a survey of the real estate.
Inclusions: All appliances and any other personal property at the time of closing.
Real Estate Taxes: This property is currently not on the tax roll and therefore has no current real estate taxes or assessed value.
Closing: Closing will take place on or about October 23, 2025. The balance of the purchase price will be payable at closing by guaranteed check or wire transfer.

Possession: At closing upon payment in full.

No Real Estate Buyers Premium!

SCHLOTZHAUER HOME - SELLER
Ron Cameron, President

Closing Company:
Western Illinois Title Company

Auction Conducted by:
FRAISE AUCTION & REAL ESTATE
Auction Representative: Daniel B. Fraise 319-470-3183
Illinois Auction License #444.000278