Page 13 - 2017 Heritage Place Winter Mixed Sale

Settlement Procedures

FIRST – SALE TICKET; At the conclusion of bidding on each lot, the success-
ful bidder will immediately complete and execute the Sale Ticket presented by
the clerk. The Sale Ticket is not transferable without the approval of Heritage
Place, Inc. and the copy retained by the buyer must be presented by the buyer
at the time of settlement.

SECOND – PAYMENT OF ACCOUNT; Not later than one (1) hour after the
conclusion of the session in which an animal is purchased, each buyer will
make payment of the full purchase price for the animal to Heritage Place, Inc. Pay-
ment will be made by United States currency, bank wire, certified check, money
order, or traveler’s check, unless credit is approved by Heritage Place, Inc.

THIRD – CREDIT APPROVAL; The approval of Heritage Place, Inc. is required
for all checks and funds which are not certified by a united States bank. Prior
approval of credit may be obtained by delivery of an irrevocable letter of credit,
a banker’s letter of reference, or a Request for Credit Verification to Heritage
Place, Inc. Prospective buyers are requested to notify their bank that Heritage
Place, Inc. will contact the buyer’s bank for credit confirmation. PROSPEC-
TIVE BUYERS ARE URGED TO OBTAIN PRIOR CREDIT APPROVAL TO
AVOID DELAYS ON SALE DATES.

FOURTH – ORDER FOR DELIVERY; After payment of the buyer’s account in
full, Heritage Place, Inc. will issue to the buyer an Order For Delivery, posses-
sion of which will permit removal of the animal from the stables after payment
of all applicable charges. Buyers are cautioned not to lose the Order For De-
livery and Heritage Place, Inc. assumes no responsibility for any delivery made
on presentment of an Order For Delivery.

FIFTH – AGENT’S AUTHORIZATION; Persons acting as agents must so indi-
cate on the Sale Ticket and file an Agent’s Authorization in form satisfactory
to Heritage Place, Inc., simultaneously with settlement of the buyer’s account.

SIXTH – EXPENSES; All expenses relating to the animal incurred by Heritage
Place, Inc. after the hammer falls will be paid by the buyer. All accounts not
paid within the (10) days after the date of sale will bear interest at the rate of
eighteen percent (18%) per annum. All court costs, filing fees, expenses of
collection (including reasonable attorney’s fees) and all expenses of insuring,
maintaining, transporting or reselling any animal incurred by the consignor or
Heritage Place, Inc. arising from the buyer’s default will be paid by the buyer.
$100 handling fee will be charged for each returned check received by Heri-
tage Place, Inc.

ALL PURCHASES MUST BE PAID FOR IN CASH AT TIME OF SALE.

HORSES PURCHASED MUST BE MOVED FROM THE SALE PREMISES
BY 12:00 NOON, SUNDAY, JANUARY 22, 2017.

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