RYAN TRUST AUCTION
SATURDAY, OCTOBER 11 at 10:00 am
Real Estate Sells at 12 Noon
217 Lincoln Pl., Urbana, Ohio 43078
Real Estate: Conveniently located, spacious, Two-story home, 3 bedrooms, 1.5 baths, full basement, newer 2-car detached garage.
Antiques – Furniture - Collectables – Household
Previews: Monday, September 15 & 22 (5-6 PM)
Ryan Living Trust
Julie R. Bennettt and Maureen A. McLaughlin, Trustees
Jeff Harvey, Auctioneer 937-244-2121
ON-SITE AUCTION – REAL ESTATE
Saturday, October 11, 2025, at 12 NOON
Known as Champaign County Parcel #K48-25-00-03-15.005-00
217 Lincoln Pl., Urbana, Ohio 43078
Seller: The Ryan Revocable Living Trust
AUCTION PROCEDURE: The above real estate will be sold to the highest bidder subject to
owner confirmation.
There is No Buyer's Premium for this Real Estate Auction.
TERMS AND CONDITIONS OF AUCTION :
1. THIS IS A RESERVE AUCTION. Bidders shall be responsible for their own due diligence
prior to bidding on the property and are advised to conduct, or have conducted on their behalf,
any inspections of the property prior to placing a bid. All bids shall constitute a legal and binding
offer to purchase the property. Upon close of bidding the high bid shall be presented to Seller. If
Seller confirms and accepts the high bid then Seller shall execute a “Contract to Purchase
Agreement” and the high bidder shall then be the “Buyer” subject to the remaining terms of this
Agreement. The Contract to Purchase Agreement, together with the Terms and Conditions
contained herein, shall collectively constitute the Sales Contract. All terms of the Sales Contract
shall be binding on both Buyer and Seller. The Bidder acknowledges receipt of disclosure of the
terms of the Contract to Purchase Agreement.
2. The successful bidder will be required to enter into a NON CONTINGENT CONTRACT TO
PURCHASE AGREEMENT with the sellers at close of auction.
3. Buyer’s Deposit: Upon Seller accepting the high bid, Buyer shall deposit the sum of $10,000
made payable to Harvey Plus LLC (broker). The deposit shall be applied as a credit to Buyer at
closing towards the purchase price. Buyer’s deposit shall be non-refundable. In the event Buyer
fails to close on the property then it is agreed Seller shall retain Buyer’s deposit as liquidated
damages. If Seller fails to perform pursuant to the terms of this Agreement then the Buyer’s
deposit shall be returned to the Buyer and both parties shall be released from their obligations
under the Sales Contract and said contract shall thereafter be null and void.
4. Seller’s Disclosures: Successful bider shall execute all necessary disclosures as the Buyer
upon Seller’s confirmation and acceptance of the high bid.
5. Auctioneer’s Representation of the Property: The information listed in materials describing the
property has been obtained from sources which are deemed by Auctioneer to be reliable, but
shall not be guaranteed by the Auctioneer or its agents and employees. Bidder’s shall be
responsible for his/her/its own due diligence as to the condition of the property and the
property’s suitability for Bidder’s intended use. Bidder shall be responsible, at Bidder’s option,
for verifying all property information prior to placing a bid. Bidder’s decision to bid shall be the
deemed the independent decision of each Bidder. Auctioneer assumes no responsibility for the
condition of the property or for the performance of the parties under this Agreement.
The Bidder hereby warrants and represents that Auctioneer has not made any statements,
representations or warranties regarding the condition of the property and premises, fixtures
thereto, zoning conditions, governmental requirements or environmental matters, guarantees or
warranties of the like, upon which Bidder may rely and which are not contained in this
Agreement. The Auctioneer, Harvey Plus LLC, shall not be responsible or liable in any way if
the Seller fails to honor the terms of the Sales Contract.
6. Reservation of Right to Cancel Auction or Bid: Bidder agrees the Auctioneer, Harvey Plus
LLC, on behalf of Seller, shall have the right to cancel any bid or withdraw any property from
the auction at any time prior to Seller confirming and accepting a high bid.
7. Bid Structure: The opening bid and all bidding increments shall be determined solely by the
Auctioneer. Auctioneer shall set, and have the right to adjust, the minimum bid increments as the
auction progresses. Auctioneer may reject any bid if Auctioneer determines the bid is merely
nominal or may negatively affect the auction process.
8. Purchase Price: Upon Buyer and Seller executing the Contract to Purchase Agreement the
high bid shall represent the purchase price.
9. Contingencies: By placing any bid at auction the Bidder/Buyer acknowledges and represents
the purchase and sale of the property SHALL NOT be contingent upon Buyer securing
financing, performing inspections, or Buyer’s satisfaction with any appraisal of the property
subject to this Agreement.
10. “AS-IS”: The property shall be auctioned and conveyed in an “AS-IS, WHERE-IS”
condition as of the date and time of sale. Neither Harvey Plus LLC, nor the Seller(s), their
agents, employees or representatives make any warranties, expressed or implied, of any kind
whatsoever concerning the property and this sale. The property will be sold subject to easements,
agreements, restrictions or covenants of record affecting the same, if any. Dimensions and/or
acreage are more or less.
11. Closing: The closing shall occur on or before November 25, 2025. Title insurance, if desired,
shall be paid by the Buyer.
12. Closing Costs: Buyer shall be responsible for all closing costs, including but not limited to:
settlement/closing fee, title search fee, the cost of all documentary stamps, wire fees, and other
costs incident to settlement. The Seller shall be responsible for the deed preparation fee and
TERMS AND CONDITIONS (cont.):
conveyance fee.
13. Title: At closing the seller shall convey marketable title to the property free and clear of all
liens and encumbrances. If the seller’s title is found to be defective the seller shall have the right
to remedy the defect within 60 days. If this cannot be done, then, at the option of the buyer, the
deposit shall be returned and the auction sale terminated
14. Real Estate Taxes: Pro-rated to date of closing.
15. Possession: Possession upon closing.
16. Agency: It is acknowledged by Buyer that Harvey Plus, LLC., and its representatives, are the
Exclusive Agents of the Seller.
17. Disclaimer & Absence of Warranties: All information provided and all related materials are
subject to the terms and conditions outlined in the agreement to purchase. The property is sold on
an “As Is, Where Is” basis and no warranty or representation, either expressed or implied,
concerning the property is made by the seller or the auction company. Each potential bidder is
responsible for conducting his or her own independent inspections, investigations, inquiries and
due diligence concerning the property. The information provided is believed to be accurate but is
subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions
is assumed by the seller, the broker or the auction company. All sketches and dimensions
provided are approximate. Conduct of the auction and increments of bidding are at the direction
and discretion of the Auctioneer. The seller, broker and auction company reserve the right to
preclude any person from bidding if there is any questions to that person’s credentials, fitness,
etc. All decisions of the Auctioneer are final.