Wheels Online Public Auction

WHEELS ONLINE PUBLIC AUCTION
STARTS: APRIL 16th 10:00am
      ENDS: APRIL 26th 8:00pm
AII TYPES OF VEHICLES TO BE SOLD!

 

Auction Terms and Conditions: 

BUYER’S PREMIUM: A 5% BUYER’S PREMIUM WILL BE ADDED TO THE HIGH BID TO DETERMINE THE CONTRACT SALES PRICE OF EACH ITEM SOLD. 

 

BIDDER REGISTRATION DEPOSIT: Vette City Real Estate & Auction Co. LLC requires a $1.00 registration deposit by Credit Card prior to bidding in order to participate in this Online Auction. The $1.00 is NOT CHARGED, it is a deposit that is held by your Credit Card Company up to 7 days. The $1.00 is charged only if you make purchases during an auction. If you do not make a purchase, you will not be charged. This is a separate transaction and will have no charges against your account. This however may show up as a pending transaction on your account. This is an Industry Standard Practice among Internet Auctions. 

 

.PROPERTY IS OFFERED SUBJECT TO THE SPECIFIC TERMS PROVIDED IN THE PURCHASE CONTRACT. PLEASE READ AND REVIEW THE CONTRACT THOROUGHLY PRIOR TO BIDDING ON ANY PROPERTY. IF YOU HAVE NOT READ AND REVIEWED THE CONTRACT FOR SALE OF THE REAL ESTATE, DO NOT BID. (Scroll down to the end of the terms to see a example of SELLERS and BUYERS agreement

TERMS AND PAYMENT: THERE WILL BE A DOWN PAYMENT DUE ON THE LAST DAY AND END TIME OF THE ONLINE AUCTION. The down payment will be 10% of the purchase price of the item sold. It shall be submitted as a non-refundable down payment in the form of a check (with proper identification), cash, certified funds, or wire transfer or bank card on the end day of the auction. The payment must be received by Vette City Real Estate and Auction Co. Escrow Account at the end of the of the auction. We will accept a credit or debit card for down payment. The balance of the purchase prices is due at the pick up and pay date. Purchaser shall be responsible for all wire transfer, bank card fees. If other arrangements need to be made contact Lloyd Ferguson at (270)792-6275. 

PROPERTY SOLD "AS IS": The property is sold without contingencies of any type such as further inspections, usability, or the ability of the buyer to secure financing, and subject to any valid easements. All property is sold “as is”. 

Online and onsite auctions are cash sales that are not contingent on or subject to financing, appraisal, survey, or inspections of any kind. Bidders agree to this by registering for the auction prior to bidding, and this is specified in the purchase contract for the real estate. Bidders are encouraged to perform on-site inspections of the real estate prior to bidding in the auction. Failure to do so in no way relieve the buyer of any of the terms or conditions set forth here. 

INSPECTION: The real estate may be viewed prior to the auction date by appointment with Vette City Real Estate and Auction Co. LLC or preview date and will be available for inspection on the wend date of the auction. Prospective buyers are advised to inspect the property to their satisfaction as it will be sold “as is” with no warranties expressed or implied. 
 

AUCTION BID INCREMENTS: The Auctioneer shall determine the bid increments, which may be changed during the auction at his/her discretion. 

WHO MAY BID: Any qualified bidder, including the auctioneer and any of the auctioneer's agents, may bid. Likewise, the auctioneer may, under Kentucky law, reject the bid from any bidder deemed unqualified or unfit to bid. 

AGENCY: Vette City Real Estate and Auction co. LLC, Agents and Representatives are agents of the Seller. `Buyer and or Bidder agree to hold harmless and indemnify Vette City Real Estate and Auction Co. LLC and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc. 

REFRESH YOUR SCREEN CONSTANTLY DURING THE CLOSING MINUTES OF THE AUCTION TO KEEP UPDATED ON THE BIDDING. 

SERVER SOFTWARE AND TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Vette City Real Estate and Auction Co. LLC reserves the right to extend bidding, continue the bidding, or close the bidding. 

NEITHER THE COMPANY PROVIDING THE SOFTWARE NOR VETTE CITY REAL ESTATE AND AUCTION CO. LLC. SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERTY FOR ANY REASON. EMAIL NOTIFICATIONS WILL BE SENT TO REGISTERED BIDDER WITH UPDATED INFORMATION AS DEEMED REASONABLE BY VETTE CITY REAL ESTATE AND AUCTION CO. LLC. 

AUCTION BIDDER DEFAULT: A successful bidder not executing and returning the contract with earnest money deposit within 48 hours of the conclusion of the auction will be considered in default. In the event a winning bidder fails to submit the signed Contract for Sale of Real Estate and earnest money deposit within the allotted time, the winning bidder will be charged a penalty of no less than 5% of the winning bid. Any legal remedy available may be used to collect these charges. Additional default remedies are reserved by Vette City Real Estate and Auction Co. LLC and the Seller as provided in the Auction Terms and Conditions and the Contract for Sale of Real Estate. Vette City Real Estate and Auction Co LLC. reserves the right to sell to the second highest bidder in the event the successful high bidder does not comply with the terms of the sale 

 

AUCTIONEER'S NOTE: All information contained on the website, advertising, and all related materials should be verified by all interested parties. All interested bidders are responsible for conducting their own independent inspections and tests. 

 

DISCLAIMER: Information contained herein was obtained from sources deemed to be reliable. However, neither the auctioneers, agents, nor the Seller shall be responsible for any errors or omissions herein. Announcements made the day of the sale shall take precedence over any prior advertising or other information. 

 

Any dispute between Vette City Real Estate and Auction Co. LLC its Agents, or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Warren County, Kentucky. By bidding on the property, buyer agrees to all terms and conditions set forth. 

 

FOR MORE INFORMATION AND QUESTIONS, YOU MAY CONTACT VETTE CITY REAL ESTATE AND AUCTION CO.LLC AT (20)782-1950. 


SELLERS CONSIGNMENT AGREEMENT 

VETTE CITY REAL ESTATE & AUCTION CO. LLC 

SELLERS AUCTION CONSIGNMENT AGREEMENT 

ABOUT THE SELLER'S  

NAME ________________________________________________________________ 

COMPANY NAME _______________________________________________________ (If company owns vehicle)  

PHONE _________________________________________________________________  

CELL PHONE _________________________________________________________________  

E-MAIL _________________________________________________________________  

IN PROVIDING YOUR E-MAIL YOU AGREE TO RECEIVE COMMUNICATIONS FROM VETTE CITY REAL ESTATE & AUCTIO0N CO. LLC. 

 HOME ADDRESS: ____________________________________________________________ 

BUSINESS: __________________________________________________________________ 

 CITY/STATE/ZIP: _____________________________________________________________  

RELATIONSHIP TO VEHICLE (CHECK ALL THAT APPLY) (__) OWNER This information should match exactly how your title reads. (__) OWNER’S REPRESENTATIVE: Representatives need to have owner sign the Power of Attorney form.                 (__) DEALER: Dealers must include current copies of their dealer and resale licenses with this form. (__) ESTATE EXECUTOR, ADMINISTRATOR, GUARDIAN, OR AGENT must also send copy of court appointment and authorization to sell.  

ABOUT THE VEHICLE: All vehicles must be in good running and operating condition.  

CHASSIS/VIN# ___________________________________________________ NOTE: To avoid complications, please verify your serial number prior to coming to the sale, especially on Street Rods. Homemade VIN tags are not acceptable. See paragraph 3(L) below.  

YEAR/MAKE/MODEL __________________________________________________________________ 

BODY STYLE_________________________________________________________________________  

COLOR (EXTERIOR)___________________________________________________________________ 

COLOR (INTERIOR)____________________________________________________________________  

MILEAGE (ODOMETER)________________________________(TITLE) __________________________    

(__) ACTUAL (__) OVER (__) UNKNOWN (TMU)   (__) EXEMPT TRANSMISSION   (__) AUTOMATIC   (__) MANUAL    

(__) 3-SPEED (__) 4-SPEED (__) 5-SPEED (__) OTHER  

 

Page 1 of 6     Seller’s initials__________ Date ________ Time 

 

 

TITLE CONDITIONS:  

(__) RECONSTRUCTED BRANDED TITLE (__) FLOOD (__) SPECIAL CONSTRUCT/CUSTOM () KIT VEHICLE 

 REMINDER:  

() COPY OF TITLE INCLUDED (MANDATORY)  

IS THERE A LIEN?  

(__) YES (IF CHECKED, WE WILL CONTACT YOU)  

ENGINE (CID/HP): _________________________________________________________  

ORIGINAL ENGINE: (__) YES (__) NO  

DESCRIPTION: ________________________________________________________________________ 

________________________________________________________________________ 

PHOTOS: (__) PHOTOS OF VEHICLE INCLUDED, or  

(__) PHOTOS UPLOADED TO INFO@VETTECITYREALESTATE.COM 

 ABOUT THE SALE  

The term Auction refers to the “WHEELS ONLINE AUCTION” (herein defined as “Auction”).  

Please refer to the Consignor Conditions of Sale. • NO COMMISSION FEE FOR UNSOLD CONSIGNMEMTS.  

Registration fees must be paid prior to sale to reserve your run spot(s) in the auction. 

 Select your consignment choice:  

(__) NO RESERVE-$100.00 - (__) STANDARD CONSIGNMENT-$250.00 (Non-Refundable Fees)  

  • Final determination for all feature vehicles will be made by the Vette City Real Estate & Auction Co. LLC auction staff. Photos and full description must be received with application.  

  • No substitutions allowed on vehicles.  

  • Select which selling option you would like to exercise.  

  • (__) WITHOUT RESERVE ___3___% seller’s commission:  The seller has no protected price, and the vehicle will be sold to the highest bidder.  

  • ESTIMATED VALUE: _____________________________________________________________ ($___________________) 

  • I am offering this vehicle with NO RESERVE INITIAL __________ 

  • (__) WITH RESERVE ___5___ % seller’s commission:  The seller has a protected price. If the bid reaches the protected price or above, the vehicle is sold to the highest bidder.  

  • Once the auction company receives a listing contract, the protected price may be lowered but cannot be raised at any time by the seller. If the bid is below the protected price, the seller has the option to accept or refuse the last bid.  

  • This contract will be accepted with a reserve (if provided), if it is considered fair and reasonable by Vette City Real Estate & Auction Co. LLC. RESERVE AMOUNT: $_______________________________ ($_____________________) INITIAL _______  

Page 2 of 6   Seller’s initials__________ Date ________ Time 

 

 

 

 

DISCLOSURE BY Vette City Real Estate & Auction Co. LLC. 

  •  As compensation for Vette City Real Estate & Auction Co. LLC efforts, Owner agrees to pay Vette City Real Estate & Auction Co. LLC a commission in addition to the entry fee as indicated above. In no event shall Vette City Real Estate & Auction Co. LLC commission be less than $250.00. Vette City Real Estate & Auction Co. LLC hereby agrees to inform any prospective customer or bidder that the vehicle is on consignment. As a courtesy to the seller(s), it is Vette City Real Estate & Auction Co. LLC policy to maintain confidentiality of vehicle reserve price. By signing this agreement below, signor affirms he/she has read the conditions of sale on the back of this form and states that he/ she will abide by the same in their entirety. 

 SIGNATURE___________________________________________________ DATE _____________ TIME_______  

  PLEASE PRINT _________________________________________________________ 

  CELL PHONE __________________________________ 

Vehicle Delivery will be by appointment only. Go to the SignUpGenius link found on our website: www.vettecityrealestateandauction.com   

 THE FOLLOWING CONDITIONS OF SALE ARE INCORPORATED AS A MATERIAL PART OF THIS CONSIGNOR CONTRACT (“CONSIGNMENT AGREEMENT”) 

THE FOLLOWING CONDITIONS OF SALE ARE INCORPORATED AS A MATERIAL PART OF THIS CONSIGNOR CONTRACT (“CONSIGNMENT AGREEMENT”) 

1. EXCLUSIVE RIGHT 

For the term of this Agreement, the owner of the consigned vehicle (“Seller”) hereby grants to Vette City Real Estate & Auction Co. LLC the exclusive right to market and sell the Vehicle. 

2. TERM 

The Term of this Agreement shall be from the date this Agreement is executed by Seller (“Date of Execution”) to twenty-one (21) days after the last day of the Auction (“the Expiration Date”). 

3. AUCTION PROCESSES 

(A)          Sale position and lot number will not be confirmed until entry fee is paid. Unpaid entries will be eligible for reassignment without notice at the discretion of Vette City Real Estate & Auction Co. LLC. 

(B) Choice of sale position is based on a first come, first serve basis as entries are reserved. However, Vette City Real Estate & Auction Co. LLC reserves the right to alter the placement of sale vehicles at its sole discretion. 

(C)  Lot numbers will be assigned by Vette City Real Estate & Auction Co. LLC based upon their sole discretion. Lot numbers may not be transferred or substituted. In pursuit of our common goal to sell your vehicle for maximum value, your vehicle will be placed in the environment that, in sole estimation, is the most conducive for a successful sale. 

(D)  If an auction entry is cancelled within 5 days of the original entry, the entry fee will be refunded minus a $25.00 handling fee. However, if the entry is cancelled after 5 days, no refunds or credits will be issued for cancelled entries. Entries received within 14 days of the auction event are not subject to refund or credit. 

(E) Vette City Real Estate & Auction Co. LLC will attempt to balance the needs of all its auction participants to the best of its ability. However, positions in the Auction will be assigned to specific vehicles. You may not obtain a position in the Auction without entering a specific vehicle. Vette City Real Estate & Auction Co. LLC at its sole discretion reserves the right to waive this requirement. Vehicles entered less than 14 days prior to the Auction may not be eligible for “prime position” in the Auction. 

Page 3 of 6   Seller’s initials__________ Date ________ Time 

 

 

 

(F)  Seller’s with “prime position” numbers in the Auction are not eligible to substitute a different vehicle in that spot, or to assign their position in the Auction. If the Vehicle specified in the application submitted with this Contract is not brought to the Auction, you are subject to the loss of the “prime position” in the sale. 

(G)  If you wish to substitute a different vehicle for the one specified in the submission made with this Contract, such substitution will only be made at the discretion of Vette City Real Estate & Auction Co. LLC and may be subject to a $100 service fee. Vette City Real Estate & Auction Co. LLC reserves the right to change your position and lot number in the Auction in the event it approves a change in the Vehicle being sold. 

(H) The vehicle’s certificate of title or transferrable registration ((“title”)) must be in the possession of Vette City Real Estate & Auction Co. LLC at the time of consignment. The only exception to this is a title held by a lending institution having a lien. 

(I)  Titles must be negotiable unless Vette City Real Estate & Auction Co. LLC agrees in advance to accept a Vehicle for consignment with a non-negotiable title. Dealers must have space on the title to reassign the title. Individuals must have the vehicle titled in their name. Payment is made to the name on the title. An open title, which is one not in the name of the seller, is not acceptable. In the event that Vette City Real Estate & Auction Co. LLC agrees to accept a vehicle for consignment with a non-negotiable title, funds to the seller will be held in escrow until proper title is obtained. 

(J)  If your vehicle does not sell, the title will be returned within 21 days. Vette City Real Estate & Auction Co. LLC will work diligently to return any and all title documentation to the Seller of record on the quickest possible timeline. 

(K)  Vehicles with liens must be pre-approved by the auction office and must, in all cases, be accompanied by a letter from the lienholder stating the lien release conditions and payoff amount on the next business day after the Auction. A $100 lien processing fee is assessed. 

(L)  Serial numbers or Vehicle Identification Numbers (“VIN”) on consigned vehicles must match the Serial or VIN on title. Vehicles without a Serial Number or VIN or where the title and the serial or VIN do not match will not be allowed in the sale. Entry fees will not be refunded on vehicle rejected. 

4. COMPENSATION 

(A) As compensation for Vette City Real Estate & Auction Co. LLC efforts, Seller agrees to pay Vette City Real Estate & Auction Co. LLC a commission as follows:  

(1) If the Vehicle is consigned by Seller to Vette City Real Estate & Auction Co. LLC “With Reserve,” Vette City Real Estate & Auction Co. LLC will receive as its sales commission ____5___% of the Vehicle sales price.  

(2) If the Vehicle is consigned by Seller to Vette City Real Estate & Auction Co. LLC “Without Reserve,” Vette City Real Estate & Auction Co. LLC will receive as its sales commission ___3____% of the sales price.  

(3) In no event (using either of the formulas above) shall Vette City Real Estate & Auction Co. LLC commission be less than $250.00. 

(5) Net Proceeds of Auction sales will be paid to you within ten (10) business days of receipt by Vette City Real Estate & Auction Co. LLC of confirmed funds from a buyer. Vette City Real Estate & Auction Co. LLC will work diligently to make payment on the quickest possible timeline. Vette City Real Estate & Auction Co. LLC will hold the title of the vehicle until such time as the payment of funds has been fully confirmed, at which point it will release the title to the buyer and will forward the net proceeds of the sale to you. In the event that the Buyer does not provide Vette City Real Estate & Auction Co. LLC with a confirmed transfer of funds within twenty-one (21) days of the Auction, Vette City Real Estate & Auction Co. LLC reserves the right to cancel the sale and return the vehicle and title to the Seller and no commission fee would apply.  

(A) Vette City Real Estate & Auction Co. LLC is entitled to its commission (both buyer and seller) on any vehicle sold up to 30 days after said event regardless of whether or not Vette City Real Estate & Auction Co. LLC was the procuring cause of the sale.  

(B) If Seller withdraws the Vehicle from the Auction or renders the Vehicle unmarketable before or during the Auction, both of which Seller acknowledges are strictly prohibited under the terms of this Agreement, Seller agrees that it will pay to Vette City Real Estate & Auction Co. LLC a amount equal to the 5% of the reserve price of the vehicle or $1,000.00, whichever is greater.  

(C) The entry fee paid by Seller upon execution of this Agreement is for separate services, and it shall not be credited against nor shall it be deemed a part of the commission.  

(D) Reserve Price. After the reserve price for the Vehicle has been mutually agreed upon by Seller and Vette City Real Estate & Auction Co. LLC, Seller may not increase the set reserve. Seller shall have the right to reduce the reserve price at any time prior to the sale of the vehicle. When a vehicle is sold With Reserve, the auctioneer may bid on Seller’s behalf up to the reserve price. If Seller offers to sell the Vehicle for an amount less than the reserve price and Vette City Real Estate & Auction Co. LLC agrees to sell the Vehicle for such an amount, the commission rate for vehicles consigned “With Reserve” shall still apply.  

Page 4 of 6   Seller’s initials__________ Date ________ Time 

 

(E) Seller’s obligation to pay compensation to Vette City Real Estate & Auction Co. LLC under this Agreement will not be affected by the rescission of any agreement to transfer the Vehicle.  

(F) Seller authorizes Vette City Real Estate & Auction Co. LLC to deduct its commission from the proceeds of the sale of the Vehicle (or any other vehicles consigned by Seller to Vette City Real Estate & Auction Co. LLC) and hereby grants Vette City Real Estate & Auction Co. LLC a possessory lien upon such proceeds and any vehicles of Seller to secure payment of its commission and all amounts owed by Seller to Vette City Real Estate & Auction Co. LLC. 

(G) No-Reserve, Seller “buy-backs” (where the Seller is the successful bidder while on the auction block and upon the fall of the gavel on his own vehicle) is discouraged. However, in the event that Seller believes it is necessary to exercise such option, in addition to paying the seller’s commission as set forth in paragraph 4 (A) above, Seller is responsible for paying Vette City Real Estate & Auction Co. LLC the Buyer’s premium in the amount of ____3___% of the final bid price and all applicable sales tax. Such Vette City Real Estate & Auction Co. LLC payment is due and payable from Seller in cash or certified funds prior to release of Vehicle. 

(H) During the auction dates, Vette City Real Estate & Auction Co. LLC will supply an area for vehicles that do not reach agreeable selling prices while on the Auction Block so as to endeavor to secure a proper buyer for the seller/consignor for a period of 14 days. All sales resulting from showing the car in this area will be subject to full commissions at the rates specified in this contract.  

(I) Seller represents that the title documents for the Vehicle, including any powers-of-attorney, are original and that the signatures on those documents are genuine. 

(J) Seller represents that the information supplied by Seller to Vette City Real Estate & Auction Co. LLC in connection with the identification and description of the Vehicle is, to the best of Seller’s knowledge, true, complete and not misleading. Seller acknowledges that the Vehicle will be sold “AS-IS.”  

(K) Seller understands he/she is fully responsible for any description of said vehicle. Vette City Real Estate & Auction Co. LLC does not make any representations or express any opinions of its own concerning any Vehicle; and Vette City Real Estate & Auction Co. LLC does not examine any Vehicle or any component of any Vehicle, research the title documents or the provenance of the Vehicle or verify any information provided by the Seller, nor does Vette City Real Estate & Auction Co. LLC undertake any duty to do any of the foregoing for the benefit of the Buyer, Seller or anyone else.  

(L) In the event that a buyer alleges or asserts any warranty, negligence or breach of contract arising out of the sale of the Vehicle, regardless of whether such alleged warranty, negligence or breach of contract is based upon statute, written or oral communication, is express or implied, Seller agrees to defend, indemnify and hold harmless Vette City Real Estate & Auction Co. LLC with respect to any such claim, including payment of Vette City Real Estate & Auction Co. LLC attorneys’ fees, witness fees, court costs and collection costs. Additionally, Vette City Real Estate & Auction Co. LLC total liability with respect to all losses arising under or in connection with this Auction or these Terms and Conditions, whether in contract or in tort or breach of any statutorily created obligation or duty, or otherwise shall be limited to, and not to exceed Vette City Real Estate & Auction Co. LLC portion of the net sales proceeds of the sale (i.e., the commissions). 

6. CONDUCT OF SALE (A) Vette City Real Estate & Auction Co. LLC shall have complete control over all aspects of the Auction, including without limitation, advertising, promotional activities, bidder screening, site selection, Vehicle parking and display, auction sequence, bid advancing and time on the block. Vette City Real Estate & Auction Co. LLC reserves the right, but not any obligation, to make, procure and receive bids on Seller’s behalf and to so advise bidders.  

(B) Seller acknowledges and grants permission for Vette City Real Estate & Auction Co. LLC, its employees or agents to drive or move the vehicle from time to time before, during or after the sale.  Sellers agree to furnish a copy of their valid vehicle Insurance certificate.  

(C) Seller warrants consigned vehicle is in safe, operable condition to be driven by Vette City Real Estate & Auction Co. LLC employees or representatives. Seller acknowledges that should Vette City Real Estate & Auction Co. LLC, in its sole discretion, determine that the vehicle is not safe to operate; the vehicle will not be allowed to be sold.  

(D) If Seller or Seller’s representative drives a consigned vehicle on auction site, all applicable Kentucky Motor Vehicle laws must be adhered to.  

(E) Any photographs of the Vehicle submitted by Seller to Vette City Real Estate & Auction Co. LLC shall become the property of Vette City Real Estate & Auction Co. LLC.  Seller grants Vette City Real Estate & Auction Co. LLC the right to use and reproduce said photographs for any purpose. Vette City Real Estate & Auction Co. LLC may take photographs or create other likenesses of the Vehicle, and such depictions (and all rights thereto) shall be the property of Vette City Real Estate & Auction Co. LLC. 

(F) Vette City Real Estate & Auction Co. LLC reserves the right at its sole discretion to allow unregistered bidders to bid. 

Page 5 of 6   Seller’s initials__________ Date ________ Time 

  7. DAMAGE, LOSS BY FIRE, THEFT, OR OTHER CAUSE (A) Seller acknowledges that it is his or her responsibility to maintain sufficient insurance coverage to permit driving the vehicle, and Seller agrees to release Vette City Real Estate & Auction Co. LLC from any liability which may result from any damage to the Vehicle from any cause.  

(B) Consignors and spectators use the facilities at their own risk and agree to indemnify and save harmless Vette City Real Estate & Auction Co. LLC, its agents and employees from any loss or liability including but not limited to costs of defense, arising from participation at events conducted by Vette City Real Estate & Auction Co. LLC and/or held at the Auction Location. Consignors will indemnify and save harmless Vette City Real Estate & Auction Co. LLC for any such loss or liability arising from conduct of any consignor toward another consignor or the public. 

 (C) Vette City Real Estate & Auction Co. LLC is not responsible for lost, stolen, or damaged properties.  

(D) Vette City Real Estate & Auction Co. LLC is not responsible for any and all liabilities.  

8. REMEDIES  

(A) If Seller should breach any provision of this Agreement or if Seller fails to consummate the sale of the Vehicle for any reason, in addition to and not in lieu of all remedies available at law or in equity, Vette City Real Estate & Auction Co. LLC shall have the right to:  

(1) Seek an order of specific performance directing Seller to deliver the Vehicle and all title documents properly executed and acknowledged. 

(2) Hold Seller liable for actual damages, including Vette City Real Estate & Auction Co. LLC commission and any other amount payable by Seller, and enforce Vette City Real Estate & Auction Co. LLC lien rights hereunder; and/or: 

(3) Withdraw the Vehicle from the Auction and retain Seller’s entry fee.  

(B) In the event of any dispute between Seller and any buyer, Vette City Real Estate & Auction Co. LLC reserves the right to interplead any funds or documents held pursuant to this Agreement.  

(C) Should either buyer or seller default on their part of the transaction, Vette City Real Estate & Auction Co. LLC shall remain entitled to any and all fees and commissions.  

(D) This agreement shall be interpreted and enforced according to the laws of the Commonwealth of Kentucky. The sole and exclusive jurisdiction and venue for any claim, controversy or dispute arising out of or relative to this Agreement or the Auction shall be the Court of Common Pleas in and for Warren County, Kentucky.  

(E) Vette City Real Estate & Auction Co. LLC shall be entitled to Attorney’s fees incurred in the enforcement or defense of this contract.  

(F) In the event of purchaser’s default, the seller/consignor releases Vette City Real Estate & Auction Co. LLC from all legal liability and agrees to look only to the purchaser for any recourse arising from said default. 

9. ACKNOWLEDGEMENT I have read the CONSIGNOR CONTRACT, including in particular the CONDITIONS OF SALE, and I hereby agree to be legally bound by them. I acknowledge that the additional sheets included with the consignor packet that I received include additional terms and conditions and I hereby warrant that all statements made, and information provided in the consignment package are true and correct.  

Vehicle Delivery will be by appointment only. Go to the SignUpGenius link found on our website: www.vettecityrealestateandauction.com   

SIGNATURE X___________________________________________________.  Date ___________ Time ____________ 

Please Print: 

Sellers Name, ___________________________________________________ 

Address, _______________________________________________________ 

City, __________________________________________________________ 

State, _____________________________________ Zip Code ____________ Cell  Phone,_______________________ 

Auctioneer, ______________________________________________________ Date ___________ Time ________    Vette City Real Estate & Auction Co. LLC 

Page 6 of 6   Seller’s initials__________ Date ________ Time 

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