Previewing / Inspection Dates: Wed., Nov. 16 & Mon., Nov. 28th, 1 – 3 p. m.

Real Estate STARTING BID: $160,000

RESERVE HAS BEEN MET.  PROPERTY SELLS ABSOLUTE TO THE HIGHEST BIDDER.

All personal property sells unreserved.

Preview & Information contact: Jayson Shobe: 406.538.5125 or 406.366.5125

SLEEPY HOLLOW OIL & GAS COMPANY REAL ESTATE & PERAONSL PROPERTY AUCTOIN TERMS:

By accepting the terms and conditions of this auction you acknowledge that you are entering into a legal and binding contract between you and Ascent Auction Services (AAS). You agree to abide by and be bound by all terms and conditions herein.

SUMMARY

• Buyer's Premium of 3.5% will be added to each lot’s high bid to establish the sale price for each lot
• Title/Bill of Sale fee: $40
• All personal property invoices must be paid within 48 hours of the auction closing
• Personal property not picked up within 7 calendar days after auction closing are considered abandoned. No refunds will be given for abandoned items

BUYER’S PREMIUM

A Buyer's Premium of 3.5% will be added to each lot’s high bid to establish the sale price for each lot.

REAL ESTATE TERMS

Cash to Seller at closing. No finance contingencies. Buyer must have financial arrangements made prior to bidding. Earnest money of $15,000 (non-refundable will be deposited with Flying S Title Co. -- formerly First Amercian Title), Lewistown, within 72 hours following the auction. Buyer and Seller will share equally in Closing Agent closing fee. Taxes will be prorated to the date of closing. Seller to provide Title Insurance. A preliminary title commitment is available upon request. Closing to be at First American Title, 102 West Janeaux, Lewistown, MT. Real Estate closing date: on or before Friday, December 30th, 2022.

BIDDER REGISTRATION

You must be 18 years of age or older to register and bid. During the registration process, you must submit information found to be current, complete, and accurate for proper identification.  You acknowledge that it is your responsibility to continually maintain current and accurate account information. All bids are final and cannot be retracted or removed.

BIDDER VERIFICATION

The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, AAS will reject the registration, and bidding activity will be terminated.

RETURNS

All sales are final. There are no returns, refunds, credit card charge-backs or adjustments.

PROCEDURE

This will be an online only bidding forum with increments as determined by the Auctioneer. Bidding starts at the nominal opening bid indicated and is open to the public. 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.

CURRENCY TYPE

All bidding increments and payments will be in US Dollars (USD).

INSPECTION & PREVIEW

You acknowledge that you have the right and responsibility to inspect each lot personally, or to have a third-party representative inspect the lot for you. By bidding on a lot, you have agreed to accept the lot in its present condition, at its present location and with the description provided, whether accurate or not.

BIDDING

Bids may be placed, manually, one bid at a time or bidders may utilize the Max Bid feature by entering the maximum bid they wish to pay for an item and allowing the software to bid incrementally for them.  Occasionally, two different bidders place max bids for the same amount. In this case, the software awards the top bid to the bidder who placed the earliest max bid of that amount.

AUCTION ENDING

Beginning at the stated closing time per lot, the auction software will conclude bidding for the auction property with the following exception: if a bid is placed in the last ninety (90) seconds, an additional two (2) minutes will be added to the end time. This will continue until ninety (90) seconds elapses without any bids, at which time the auction will close and the property will be declared "Sold" to the highest bidder. Please note that some lots are linked together and will be set to close simultaneously.

PAYMENT

All payments are to be made online via one of the payment options below.

At the end of the auction, all successful online bidders will receive an invoice and payment link via email.  All invoices must be paid within 48 hours of the auction closing. If payment directions are not received by AAS by this time, invoices will be charged an additional 5% late payment fee.  AAS accepts the following forms of payment:

1. E-Check (Available online through your Ascent account)
   1.  E-Check information can be updated online in your account settings.
2. Check with a valid driver’s license.  CHECKS PAYABLE TO SHOBE AUCTION.
3. Credit Card, 3.5% convenience fee
   1. Credit card information can be updated online in your account settings.
4. Wire Transfer

Non-paying bidders or fraudulent bidding will be subject to legal recourse and possible criminal charges including any fraud and/or interstate commerce violations.

PROCESSING FEES

1. $40- Title, Bill of Sale & Brand Certificate Fee for all lots requiring title transfer.
2. $35- Non-sufficient funds and/or bounced check or E-Check fee.
3. $30- Declined Credit card fee.

TITLE, BILL OF SALE & BRAND CERTIFICATES

Titles, Bill's of sale & brand certificates are transferred to buyer upon AAS's receipt of funds.  Titles for items paid for with a credit card, check, e-check & wire will be mailed to buyer once funds are received by AAS.

PICKUP TIME & LOCATION

Removal dates and times are listed in the "Removal Times" tab on the auction's homepage.

STORAGE & LATE REMOVAL

Storage fees of up to $50 per item per day may apply for items not removed from auction site by removal deadline.  If special arrangements must be made to accommodate a customer pickup outside of the provided removal times, a $250 call out fee may be charged in addition to storage fees. 

ABANDONMENT

Items not picked up within 7 calendar days after auction closing are considered abandoned. No refunds will be given for abandoned items. 

SHIPPING

Shipping is not available for this auction.

POSSESSION

Merchandise becomes the FULL RESPONSIBILITY of the buyer at the close of the auction and the buyer assumes all risk of loss and damage to property at that time.  In any such event, the bidder will be responsible for payment for the original purchase and the costs of collection of this payment and/or damages resulting from the resale of the property.

BIDDING IS NOT CONTINGENT UPON FINANCING

Buyer must have financing arranged, if needed, and be capable of paying cash at closing.

INTERNET, SERVER & SOFTWARE ISSUES

You acknowledge that the internet may be an unreliable and error-prone network.  AAS will not be responsible for technology disruptions, errors or failures including disruptions to bidding or the failure to execute recognized or unrecognized online bids. Regardless of whether it is caused by a loss of connectivity or breakdown of the system, hacking or other reasons, AAS reserves the right, upon technology disruption, to continue, cancel or suspend the auction.

AUCTIONEERS ANNOUNCEMENT

AAS and its employees and contractors act merely as agents of the sellers. All auctions are with reserve unless specifically stated otherwise. Reserves, if any, are not disclosed. Bids may be placed by the seller, an employee of the seller, or an agent on the seller’s behalf up to the reserve or to obtain fair market value. AAS reserves the right to place and accept bids on behalf of internet bidders, absentee bidders, the seller, or themselves. AAS reserves the right to accept or reject any bid and in all cases of dispute AAS’s decision shall be final.

LIABILITY

Preview, bid, and pickup lot purchases at your own risk. AAS nor any of its officers, employees, independent contractors, or clients, are responsible for injury or damage of any kind, to anything or anyone, while previewing, bidding, picking up purchases, or conducting business. You agree to hold AAS and its agents harmless regardless of opinion.

LIMITATION OF LIABILITY

If, for any reason, AAS, is unable to make available or deliver any lot purchased, or portion thereof, or documentation required in respect to any lot, the sole liability of AAS, if any, will be the return of monies paid in respect to such purchase upon the lot’s return to AAS by buyer.

PRIVACY

We respect your privacy and that of our clients, both buyers and sellers. We will not release your information to anyone without your permission. You agree to give AAS permission to email you promotional materials for future auction events. You can change this preference at any time

Personal Property Removal Dates: Thurs., Dec. 1st and Sat., Dec. 3, 10 a. m. – 12 noon EACH DAY