Terms on Real Estate: Each bidder must register online at www.jacobauctions.com, once registered, each bidder must email a photo of their valid drivers licence to info@jacobauctions.com no later than 5:00PM on Wednesday October 28, 2026.
Down Payment of $50,000.00 due on Friday October 29, 2026, with balance due on closing date of November 26, 2026. Selling subject to reasonable reserve. No buyers premium.
Conditions of Sale
Re: Lands owned by David Modde, Danny Modde, Carrie Modde, and Helen Modde in the Township of St. Clair, County of Lambton
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The property is legally described as follows: All and singular that certain parcel or tract of land and premises situate lying in the Township of St. Clair, known as Concession 7 Part Lot 10, (580 Daly Road) Roll No. 3805-010-02009800.0000 (PIN 63159)
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The property shall be sold subject to a reserve bid which need not be disclosed.
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The highest bidder, upon reaching the reserve, will be the purchaser. No person shall retract their bid.
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The purchaser shall at the time of the sale pay a non-refundable deposit of $50,000.00 and the sale shall be completed on or before the 26th day of November 2026, when the balance shall be paid subject to the usual adjustments. Immediately after the sale the purchaser shall sign a contract to complete the sale according to these conditions.
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All adjustments of insurance, taxes, local improvement rates, and other assessments are to be apportioned to the date of completion of the sale when possession shall be given.
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The purchaser shall not be entitled to any abstract or other evidence of title not in possession of the vendor. The purchaser shall be allowed 7 days to investigate the vendor's title at their own expense and shall make any objections to the title in writing to the vendor's solicitor within the time and in default of making any such objections, the purchaser shall be deemed to have accepted the title.
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If the purchaser makes any sufficient objection to the title or description within the time allowed which the vendor is unable or unwilling to remove or comply with, the vendor may at any time thereafter not withstanding any attempt to remove or comply with such objection or requisition or any intermediate negotiations by notice in writing to the purchaser or his solicitor rescind the sale and return to the purchaser their deposit without interest, in which case the purchaser shall not be entitled to any costs, expenses, damages, or any other compensation.
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If the purchaser fails to comply with the conditions aforesaid or any of them, the deposit and all other payments made thereon shall be forfeited and the property may be resold and the deficiency, if any, on such resale shall be made good by defaulter.
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Time shall be of the essence to these conditions
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The purchaser shall be responsible for payment of HST, if applicable.
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The purchaser acknowledges that he has inspected the property and is relying entirely upon his own investigations and inspections in proceeding with this transaction. Without limiting the foregoing, the Purchaser acknowledges that he is purchasing the property on an “as is, where is” basis and that the Vendor (or its agents) has made no representations or warranties expressed, implied, statutory, or otherwise as to the condition, quality, or fitness for use of any of the fixtures included in the purchase price, tile drainage, or any of the buildings on the property. In this regard, the Purchaser acknowledges that the Vendor (or its agents) has made no representations or warranties (expressed, implied, statutory, or otherwise) as to any intended or future use of the property, the possibility of any future severance of the property, the erection of additional buildings, or the environmental condition of the property.
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If purchaser requires a survey, it will be at his own expense.
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Purchaser acknowledges the existence of a decommissioned well on property.
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Soybean crop is not included in purchase price.
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Land will be left unplowed.
Internet Bidding Terms and Conditions: All property is sold “AS IS”, and ALL SALES ARE FINAL. Jacob Auctions Ltd. may attempt to describe the property in advertising, on the Internet and at the auction but makes no representations. In no event shall Jacob Auctions Ltd. be held responsible for having made or implied any warranty of merchantability or fitness for a particular purpose. Bidder shall be the sole judge of value.
Bidders who bid from off site and are not present at the preview understand and acknowledge that they may not be able to inspect the property as well as if they examined it in person. It is the Bidder’s responsibility to determine condition, value, or any other determinative factor. Jacob Auctions Ltd. shall endeavor to describe in detail each lot and any pertinent information about it. Jacob Auctions Ltd. will not be responsible for any errors or omissions in the description of the property. Bidder agrees that the property is sold as is, where is.
Jacob Auctions Ltd. is providing Internet pre-auction and live bidding as a service to Bidder. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall Bidder have any kind of claim against Jacob Auctions Ltd. or anyone else if the Internet service fails to work correctly before or during the auction. Jacob Auctions Ltd. will not be responsible for any missed bids from any source. Internet bidders who desire to make certain their bid is acknowledged should use the max bid feature and leave their maximum bid 24 hours before the auction begins. Jacob Auctions Ltd. reserves the right to withdraw, amend, or re-catalog lots in this auction.
