BIDDER REGISTRATION As used in this agreement, "Bidder" means a registered bidder. Bidder will receive an identifying number ("bidder number") upon completion of online registration. Credit Card pre-authorization charge: Upon completion of registering online for this auction, there will be a credit card authorization fee of $1.00 that will be processed. The $1.00 fee is simply a pending hold on your card to ensure the card is valid and will be credited back with 7 to 10 business days. Bidder Registrant Process: Only registered bidders will be permitted to attend and participate in the Auction. Bidder becomes a registered bidder upon the completion of online registration process, or upon signing and returning the agreement to Impetus Properties, LLC, along with cash or cash equivalent instrument (cashier's check) the initial deposit of Two Thousand and Five Hundred Dollars ($2,500.00) U.S. currency ("Initial Deposit") made payable to ("Yourself") or ("First American Title). If you are planning on bidding on more than one lot, you will need to bring a separate cashier's check for every property you plan on bidding on. For online bidding you card will be charged the $2,500.00 deposit for every lot you are declared the "winning bidder". For example, if you are planning on bidding on 5 different Lots or properties, you would need to bring 5 Separate Cashier's Checks for $2,500.00 made out to yourself or First American Title and if you are bidding online you must be prepared to be charged $2,500.00 per each lot that you have been declared the "winning bidder". Bidder Deposit: $2,500.00 per a Lot/Property Bidder understand that there is a NON-REFUNDABLE BIDDER DEPOSIT OF $2,500 (US DOLLARS) per every lot (property) that the bidder is declared "the winning bidder". If this is a Subject To Seller Confirmation Auction or in the event the property fails to close do to seller being unable to execute or close escrow, all moneys will be refundable to buyer. Bidders authorize Impetus Properties, LLC to charge a $2,500 deposit per every lot (property) they are declared the winning bidding on. BIDDER UNDERSTANDS THAT IMPETUS WILL CHARGE THE $2,500.00 DEPOSIT TO OPEN ESCROW ONCE THE WINNING BIDDER HAS BEEN DECLAIRED. IF BIDDER IS THE WINNING BIDDER, THE INIITAL DEPOSIT IS NON- REFUNDABLE. THE INITIAL DEPOSIT WILL BE CREDITED TOWARD THE PURCHASE PRICE FOR THE PROPERTY; HOWEVER, IF BIDDER FAILS TO MAKE THE ADDITIONAL DEPOSIT, OR FAILS OR REFUSES TO EXECUTE THE PURCHASE AGREEMENT IN A TIMELY MANNER, OR FAILS TO COMPLETE THE PURCHASE IN ACCORDANCE WITH THE TERMS OF THE PURCHASE AGREEMENT, BIDDER WILL FORFEIT THE INITIAL DEPOSIT AS LIQUIDATED DAMAGES. Additional Deposit: Bidder understands that Bidder must make an Additional Deposit immediately upon being declared the "winning bidder", but not later than 4:00 p.m. MST of the first business day following the Auction, in cash or cash equivalent funds made payable to "First American Title," an amount equal to 10 percent (10%) of the Hammer Price less the Initial Deposit. The Additional Deposit will be held in a non-interest-bearing trust account by First American Title and will be credited toward the Purchase Price. Example of how to fill out Cashier's Check: For example, if the bidder's name is Jane Smith, the cashier's check is made payable to "First American Title OR Jane Smith." Bidding Rules: 1) For any Property or Properties, you have been declared the winning bidder, the following will need to be done. 1. Live Bidding: Sign over $2,500 Cashier's Check 2. Online Bidding: Verify $2,500 deposited has cleared 2) Sign Purchase Contracts & any other necessary documents required by ADRE 3) Arrange to get remaining 10% of down payment minus $2,500 deposit to First American Title by 4:00P.M. MST (1) Setup Electronic wire transfer to First American (2) Drop of Cash or Cashier's Check at any First American Title office with instructions that funds need to get to: Escrow Officer: Brooke Otto First American Title / Mesa Branch 3048 E. Baseline Rd. Suite 101 Mesa, AZ 85204 Office: 480.833.5301 | Fax: 888.279.8550 E-mail: botto@firstam.com Buyer's Premium: Bidder acknowledges and agrees that an amount equal to Five percent (5%) of the Hammer Price will be added to the Hammer Price as the Buyer's Premium, to derive the` final Purchase Price for the Property. The Hammer Price is the winning bid at the Auction Hammer Price + Buyer's Premium = YOUR PURCHASE PRICE Close of Escrow: CLOSE OF ESCROW WILL BE HANDLED WITH FIRST AMERICAN TITLE CASH & HARD MONEY CLOSING WILL HAPPEN ON OR BEFORE 14DAYS AFTER THE CLOSE OF THE AUCTION OR BEING DECLARIED THE WINNING BIDDER AND THE CONSIGNER ACCEPTING YOUR OFFER. CONVENTINAL FINACING WILL FOLLOW TRID LAW AND WILL HAVE 30 DAY S TO CLOSE ESCROW AFTER BEING DECLAIRED THE WINNING BIDDER Closing Date: Bidder understands that there are no inspection contingencies, financing contingencies, or other contingencies in the sale of the Property. The Closing Date (COE) must occur no later than thirty days (30 days) from the date of the auction if you are closing using conventional financing. Close of escrow must occur no later than fourteen days (14 days) from date of this auction if you are closing with cash or hard money date. The close of escrow must occur on or before December 18, 2017 unless Impetus Properties, LLC or title needs more time to close escrow. However, if sale is subject to seller's approval, then close of escrow must occur no later than thirty days (30 days) after seller accepts the offer and the purchase contract is fully executed. Buyer must pay the balance of the Purchase Price, together with Buyer's closing costs, in cash or cash equivalent funds at or before the Closing. Buyer will receive a Special Warranty Deed upon payment in full of the Purchase Price and will receive possession of the Property upon such payment in full. Closings costs will be split 50/50 between Buyer and Seller, or as is the custom in the county in which the sale takes place, and any applicable transfers or assessments will be paid by Buyer. Withdrawal of Property from the Auction: Seller reserves the right to withdraw the Property from the Auction at any time prior to the bid being opened either online or prior to start of live Auction. Bidder acknowledges that there is no recourse against the Seller or Impetus Properties, LLC if the Property is withdrawn from the Auction for any reason. NOTICE TO (DUE DILLAGENCE): All Bidders must conduct and rely solely upon their own investigation of the Auction Property PRIOR TO BIDDING. In addition, Bidder should carefully review all relevant documents before deciding to bid at the Auction. Those documents must include but are not limited to: A. Bidder Registration Form B. Buyer-Broker Registration Form C. Arizona Agency Disclosure D. Buyer Advisory E. Market Conditions Advisory F. Lead-based Paint Advisory G. Tax Records H. Preliminary Title Commitment/Title Report General Terms: 1. All bidding is open to the public. Bidder must be registered and be assigned a bidder identification number before Bidder may bid on the property at Auction. 2. All property is sold AS IS, WHERE IS. No warranty is given, either expressed or implied. Bidder must inspect the Property and perform all due diligence prior to bidding. The Property has not been surveyed for the auction. If Buyer desires a survey, it will be at Buyer's option and expense. If an actual survey shows greater or lesser number of acreage or footage, it will not affect the purchase. All information provided, including acreage and dimensions, are believed to be correct but are neither warrantied nor guaranteed. The property is sold subject to easements, rights of way, zoning and restrictions of record. The property is being sold with no contingencies. Bidder agrees that no Employee, Person, Representative, Agent, Broker, or Seller has made any representation related to zoning, adverse physical conditions, environmental issues, suitability for any use, or any other property or legal representation related to the offering(s). The Bidder must conduct their own due diligence and investigations on any of the issues material to the Bidder. A copy of the preliminary title commitment for the property is available to the Bidder upon request. 3.. Properties are offered together with improvements thereon, AS IS, WHERE IS, with no warranty expressed or implied. Buyers are assuming any "Notice of Violation or Substandard" posted against the properties prior to the sale and after. The Seller, Seller's Representatives, and Auctioneer make no representations regarding the properties offered for sale (i.e. square footage, zoning, etc.). Bidders must rely on their own inspections and research prior to bidding. No termite clearance will be supplied for these sales. 4. This property is offered with no Minimum Starting Bid (unless specified on The Catalog or on Auction Day) and no Asking Price; however, the sale may be subject to the Seller's Representative's approval and confirmation. 5. If court confirmation is required, winning bidder is encouraged to attend the hearing to protect their bid . 6. Impetus Properties, LLC is acting as agent only for the Seller in this transaction. Impetus Properties, LLC recommends that all Bidders confer with and/or seek qualified representation from a licensed professional prior to making a bidding/buying decision. Failure to obtain representation from a licensed professional when such representation is readily available may result in the forfeiture of certain rights of law. 7. The final high bid on the property is irrevocable. The Property is offered on a cash basis and not contingent upon the availability of financing, inspection, or for any other reason. Upon becoming the high bidder, Bidder will be required to sign a bid Acknowledgement, a Purchase Agreement, and to endorse the Bidder's certified check instrument to the Escrow Account as the Initial Deposit in the Purchase Agreement. The Initial and Additional Deposits will be forfeited in the event of Buyer's breach of contract or failure to close. Seller will guarantee clear title and issue a Special Warranty Deed. Closing will take place no more than 30 (Thirty) days after the auction, unless otherwise specified in the Purchase Agreement. Time is of the essence 8. Impetus Properties, LLC reserves the right to conduct the auction in an orderly fashion, without interference or nuisance. Conduct of an auction and increments of bidding are at the sole discretion of Impetus Properties, LLC in the case of a dispute among competitive bidders, Impetus Properties, LLC. may reopen bidding to identify the high bidder or may declare one as the successful bidder. Any and all decisions by Impetus Properties, LLC. shall be final. Depending on Hammer/Sales price, sale may be subject to bank approval. 9. ANNOUNCEMENTS MADE AT THE TIME OF THE AUCTION TAKE PRECEDENCE OVER ANY AND ALL PRINTED MATERIAL. 10. Impetus Properties, LLC reserves the right to accept sealed bids, phone bids or online bids at the auction provided that the person submitting the sealed bid or online bid has qualified as a Bidder. 11. ALL BIDS ARE NON-CANCELLABLE ONCE SUBMITTED. 12. Impetus Properties, LLC reserves the right to cancel any bid at the Auction that Impetus Properties, LLC considers to be fraudulent, unfair, or not made in good faith, or which could have an impact on the orderly procedure of the Auction. The Bidder understands and agrees to allow Impetus Properties, LLC to take photos and/or audio or video recordings of the auction, of Bidder, and any related events. In addition, Bidder also understands and agrees to allow Impetus Properties, LLC the right to utilize any and all materials as deemed appropriate by Impetus Properties, LLC. These materials will remain the property of Impetus Properties, LLC. 13. If the winning Bidder fails or refuses to purchase the Property, then at Seller's sole discretion, the second highest bidder shall be named the winning Bidder and shall have the right to purchase the Property for the second highest Bidder's bid. 14. Bidders and Seller agree to indemnify and hold Impetus Properties, LLC harmless from any claim arising out of Impetus Properties, LLC's use of the Property for the Auction. 15. All of Seller's disclaimers in the Purchase Agreement apply with equal force in this Bidder Registration agreement and are incorporated herein by reference. 16. By registering online for this auction, Bidder acknowledges that Bidder has read the above terms and conditions governing the sale of the real estate a