Schmitt_Horse_Ranch_Five_Star_Gelding_Sale_May_2022

Sale Terms & Conditions

SALE ORDER: Horses will sell in consecutive catalog order. BIDDING: You MUST be registered in the office for a buyer’s number before bidding. Each horse will be sold to the highest bidder, with the exception of reserved prices. The decision of the auctioneer will be final if any questions arise during the sale. The auctioneer also reserves the right to reject any bid. ONLINE BIDDING: We are offering online bidding as well as phone bidding. You MUST get pre-approved to bid at www.superiorclicktobid. com. Live, absentee and phone bidding available. ALL online purchases are to be wired in full by Monday, May 23. NO exceptions. Horses will not leave the auction company’s hands until the horse is paid for in full. PAYMENT: Buyer shall pay for all horses at the conclusion of the sale and shall pay the full price by one of the following methods: cash, money order, cashier’s check or personal check. Iowa has a 7% sales tax on all horses unless a tax exempt form is signed. Forms will be available in the office. RIGHT TO REGISTRATION PAPERS: Right to registration papers shall not pass to purchaser until the horse has been paid in full and checks have cleared the bank. At that point, they will be mailed to the buyer. If paid in cash, they will be handed out sale day. CATALOG: Every effort has been made to assure catalog accuracy; however, the seller, sale management and auctioneer are not responsible for errors or omissions. All statements and corrections announced at the time of the sale shall supersede the catalog. All comments stated in the catalog are as stated from the consignors and not the sale management. Again, we have made every effort to assure the catalog is correct. ANNOUNCEMENTS: Announcements from the auction block take precedence over any printed material. HEALTH: Horses will all have a negative six- month Coggins Test and Health Certificate.

HORSE INSPECTION: There will be an onsite preview both Friday, May 20, as well as Saturday, May 21, to inspect horses. RIDEABILITY: It is the buyer’s responsibility to make sure the horse is a good fit. We are not responsible for your inability to ride the horse. SOUNDNESS GUARANTEE: All horses are guaranteed sound unless stated otherwise from the auction block. We represent and warrant to the buyer the following for 72 hours after being sold: The horse is sound of eyes and wind. The horse will hit the ground sound on all four feet. The horse is not a cribber and has not been nerved. This soundness guarantee will apply only to horses with problems existing prior to sale time and not to problems caused after the sale by the buyer’s hauling or use of the horse. Soundness does not guarantee pass of a check by your vet following the sale. ALL vet exams should be done PRIOR to buying the horse, NOT after. Please examine horses prior to the sale ring. The sale staff is not responsible for announcing scars or blemishes. OTHER: • All horses’ heights are approximant. • Kyle and Riley Schmitt have the final say over any controversy. • Neither the auctioneer, Schmitt Horse Ranch/ Five Star Horse Sale, any representative thereof, nor their consultants shall be responsible for any liability whatsoever, including, but not limited to, the loss, damage, injury, death, or illness of any horse, person or property before, during or after the sale. • Horses are able to stay at Jacobson Building until noon on Sunday. • No alley trading will be allowed. All horses must go through the sale ring, and all transactions must go through the sale office.

4 • 5 Star Horse Sale May 2022