BEGIN:VCALENDAR VERSION:2.0 PRODID:-//ExpressionEngine Easy iCalendar plugin//NONSGML v2.0.0//EN X-WR-TIMEZONE:America/Chicago X-WR-CALNAME:Upcoming Auctions BEGIN:VEVENT UID:158928 DTSTAMP:20260414T090000 DTSTART:20260414T090000 DTEND:20260519T180000 SUMMARY:Lake Gerald Properties Online Auction LOCATION:{location} DESCRIPTION:Lake Gerald Properties Online Auction This Online Auction st arts ending Tuesday\, May 19th at 6pm CST Lake Gerald is a p rivate\, residential lake community located near Delta\, Alab ama\, in Clay County. The lake encompasses approximately 77. 5 acres\, offering property owners a peaceful setting for rec reation\, waterfront living\, and outdoor enjoyment. Lake Size : Approximately 77.5 acres Location: Near Delta\, Alabama (Clay County) Type: Private residential lake community Prim ary Uses: Fishing\, boating\, residential living Setting: Qu iet\, rural lake environment Property Types: Waterfront home s and residential lots Allowed: Swimming\, Fishing\, Motorized Boating  Here's what will be offered: Tract 1 – 3-bedro om\, 2 bath 1344 sqft 2002 manufactured home on .41± acre  with 158± feet of waterfront located in Delta\, Alabama o n Lake Gerald.  Tract being lot 60 of Lake Gerald Subdivi sion. Tract 2 – .59+/- acre Waterfront lot being lot numb ers 58 and 59 of Lake Gerald Subdivision with approximatel y 185± feet of waterfront.  Tract 3 – .71+/- acre bein g lot number 63 of Lake Gerald Subdivision.  Combination 1+2 – Purchase the manufactured home and adjoining waterf ront lot together to create an expanded lakefront property w ith additional privacy\, space\, and investment potential. TRA CT 1 – 3 Bedroom Manufactured Home on Waterfront Lot Prope rty Features: • 3 Bedroom\, 2 Bath 1344 sqft 2002 Manufactu red Home  • Situated on .41± acre lot • Approximatel y 158± feet of waterfront • Direct access to Lake Gerald • Established yard with lake views • Ideal for full-tim e living\, weekend retreat\, or investment property • Locate d in Delta\, Alabama — convenient to surrounding communitie s while offering peaceful lake living Location & Opportunity : This property offers the opportunity to enjoy lakefront li ving in a quiet setting on Lake Gerald. Whether you are look ing for a primary residence\, vacation home\, or rental invest ment\, this property provides immediate lake access and the l ifestyle that comes with waterfront ownership.   TRACT 2 .59+/- acre Waterfront Lot  Property Features: • Waterf ront lot in Lake Gerald Subdivision • .59± acre parcel • Approximately 185± feet of waterfront • Direct Lake access Development Potential: This waterfront lot provides a n excellent opportunity. With generous frontage and flexible use options\, this tract offers long-term value for end user s. TRACT 3 – .71+/- acre lot  This .71± acre lot in La ke Gerald Subdivision offers additional opportunity for mult iple uses.  Combination 1 and 2 Buy the Manufactured Home a nd Waterfront Lot Together Purchasing Tract 1 and Tract 2 t ogether creates a larger lakefront property with expanded w aterfrontage\, additional privacy\, and increased long-term va lue. This combination is ideal for buyers who want room to g row\, build additional structures\, or secure additional shore line on Lake Gerald. Buy One\, Buy Some\, or Buy Them All! Key Auction Details • Real estate auctions — we guarantee f ree and clear title to the property • Public Auction: Open to all qualified bidders • Buyer's Premium: 10% added to the high bid • 20% Non-Refundable Downpayment • Terms: S OLD "As Is\, Where Is" • Requirement: Proof of Funds or Pre -Approval Letter Required Before Bidding • Auctioneer: Ro n Young (334) 885-1787 | AL License #5390 | GA License #4397 Sold As Is\, Where Is Multi-Parcel Bidding Terms and Strateg y Guidance- This auction utilizes a multi-parcel (multi-par ) format. The property is divided into multiple tracts that are offered for sale individually AND in various combination s. The purpose of this format is to achieve the highest tota l sales price by allowing bidders to purchase individual tra cts\, combinations of tracts\, or the entire property. a. How Multi-Parcel Bidding Works: • Bidding opens on all individ ual tracts • Combination bidding opens AFTER each individu al tract receives at least one bid • The platform automati cally calculates which configuration produces the highest to tal dollar amount in REAL-TIME • The configuration produci ng the highest total becomes the winning sale method • The platform shows bidders their status as "HIGH BIDDER" or "OU TBID" based on the current winning configuration • Only bi dders whose bids are part of the winning configuration at au ction close will be obligated to purchase b. How the Platfor m Determines the Winning Configuration: The platform automat ically compares all possible sale configurations in real-tim e\, including: • All individual tracts sold separately (sum of high bids) • Various combinations of tracts sold toget her • The entire property sold as one unit The platform co ntinuously calculates which configuration produces the HIGHE ST TOTAL DOLLAR AMOUNT. This determines which bidders are cu rrently winning and what they would purchase. Bidders can se e their status update automatically as bids are placed. c. B idding on Combinations: • A combination bid must be at lea st one full increment higher than the sum of the current hig h bids on the individual tracts included in that combination • Example: If Tract 1 = $75\,000 and Tract 2 = $70\,000 (to tal $145\,000)\, a bid on Combination 1+2 must be at least $14 7\,000 ($145\,000 + $2\,000 increment) d. Understanding Your Bi dding Status: • The platform will show you as "HIGH BIDDER " or "WINNING" if your bid is currently part of the winning configuration • You may show as "OUTBID" even if no one ha s bid higher than you on your specific tract - this means a different configuration is currently winning overall • You r bidding status can change based on bids placed on ANY trac t or combination\, not just the one you bid on • Being "OUT BID" does not necessarily mean you have lost - the configura tion may shift back in your favor as other bids are placed The platform automatically updates your status in real-ti me as the winning configuration changes Important: You can b e “OUTBID” in two different ways: 1. Someone bid higher than you on the same tract/combination 2. A combination bid is now producing a higher total (even though you're still th e highest bidder on your specific tract) e. Bidding Incremen ts: Individual Tracts: $1\,000 minimum increment Two-Tract Co mbinations: $2\,000 minimum increment Three-Tract Combination s: $3\,000 minimum increment Bidders may enter amounts higher than the minimum increment. f. No Maximum (Auto) Bidding: This auction format does NOT allow maximum bids or auto-b idding • All bids must be placed manually at the next incr ement or higher • Bidders must actively monitor and place bids throughout the auction • The platform does NOT proxy bid on your behalf g. Extended Close for All Tracts: • If ANY bid is placed on ANY tract or combination within the las t two minutes of the auction\, bidding will remain open for A LL tracts and combinations for an additional two minutes • This process continues until no bids are placed on any trac t or combination for a full two-minute period • The extend ed close applies simultaneously to all tracts and combinatio ns h. Bidding Strategy to Avoid Unintentionally Winning Mult iple Tracts: To avoid unintentionally winning multiple tract s\, we strongly recommend following this bidding strategy: If you bid on an INDIVIDUAL TRACT\, we recommend you ONLY bid o n COMBINATIONS that include that same tract. Examples: ✓  RECOMMENDED: You bid on Tract 2 individually → Also consid er bidding on Combination 1+2\, Combination 2+3\, or Combinati on 1+2+3 (all include Tract 2) ✓ RECOMMENDED: You bid on Combination 1+3 → Also consider bidding on Tract 1\, Tract 3\, Combination 1+2\, or Combination 1+2+3 ⚠ NOT RECOMMENDE D: You bid on Tract 2 individually → Avoid bidding on Trac t 1\, Tract 3\, Combination 1+3\, or any other option that does n't include Tract 2 Why We Recommend This Strategy: As biddi ng progresses and the high bidder shifts between individual tracts and combinations\, you could unintentionally become th e winning bidder on MULTIPLE TRACTS simultaneously. Example of what could happen: You bid on Tract 2 ($65K) - you're hig h bidder on Tract 2 Someone bids Combination 2+3 ($145K) - n ow you're outbid on Tract 2 (it's included in the winning co mbination) You bid on Tract 3 ($85K) - you're high bidder on Tract 3 Someone bids on Tract 1 alone ($80K) - now Combinat ion 2+3 is no longer the winner\, so you're suddenly the high bidder on BOTH Tract 2 AND Tract 3 ($150K total) You would be obligated to purchase both tracts when you may have only wanted one EXCEPTION - When You're Released From Your Bid: I f someone directly outbids you on the EXACT tract or combina tion you bid on\, you are released from that obligation and f ree to bid on any other tract or combination without restric tion. i. Examples of Multi-Parcel Outcomes: EXAMPLE 1: Indiv idual Tracts Win Final Bids: • Tract 1: $80\,000 (Bidder A) • Tract 2: $70\,000 (Bidder B) • Tract 3: $90\,000 (Bidde r C) • Combination 1+2+3: $225\,000 (Bidder D) Result: Indi vidual tracts total $240\,000 vs. Combination of $225\,000 WIN NER: Tracts sell separately. Bidder A purchases Tract 1\, Bid der B purchases Tract 2\, Bidder C purchases Tract 3. EXAMPLE 2: Combination Wins Final Bids: • Tract 1: $75\,000 (Bidde r A) • Tract 2: $65\,000 (Bidder B) • Tract 3: $85\,000 (B idder C) • Combination 1+2+3: $245\,000 (Bidder D) Result: Individual tracts total $225\,000 vs. Combination of $245\,000 WINNER: Entire property sells as one. Bidder D purchases al l three tracts. Bidders A\, B\, and C do NOT purchase anything . EXAMPLE 3: Mixed Configuration Wins Final Bids: • Tract 1: $75\,000 (Bidder A) • Tract 2: $65\,000 (Bidder B) • Co mbination 2+3: $160\,000 (Bidder C) • Combination 1+2+3: $2 30\,000 (Bidder D) Result: Tract 1 alone ($75\,000) + Combinat ion 2+3 ($160\,000) = $235\,000 total vs. Combination 1+2+3 ($ 230\,000) WINNER: Mixed configuration. Bidder A purchases Tra ct 1\, Bidder C purchases Tracts 2+3 combined. Bidders B and D do NOT purchase anything. j. Bidder Acknowledgment: By bid ding in this multi-parcel auction\, Bidder acknowledges and a grees that: • They understand how multi-parcel bidding wor ks and how the platform automatically determines the winning configuration • They may show as "OUTBID" even if no one bids higher on their specific tract • Only the winning con figuration at auction close creates binding purchase obligat ions • The platform's automatic determination of the winni ng configuration based on highest total value is final • A ll bids are binding if they become part of the winning confi guration at auction close Questions? Call us and we'll walk you through it. Multi-parcel bidding is common in land auct ions and ensures everyone gets a fair shot! Contact: Ron You ng\, Auctioneer (AL#5390\, GA#4397) Cell: 334-885-1787 Email:  Ron@SouthernAuctionSolutions.com               URL:https://www.southernauctionsolutions.com/auctions/detail/bw1 58928 SEQUENCE:1 END:VEVENT END:VCALENDAR