Auction Terms & Conditions VEHICLE: Payment due in full upon completion of the auction no later than 2PM CST Monday, April 3, 2017. REAL ESTATE: $5,000 down at the conclusion of the auction with the balance due in 45 days at closing. Buyer will receive a general warranty deed at closing. A complete title search has been completed on this property. The property will sell free and clear of all liens and encumbrances. We will require a credit card for bidder verification purposes only. Auction Company will contact the winning bidder by phone at the conclusion of the auction with detailed payment instructions. The following Terms & Conditions apply to the Internet Online Auction. In order to bid, you must read and accept all of the terms and conditions set forth below. Buyer's Contract: Your bids placed on the Stafford Auction & Realty website are a contract and you are responsible for paying all amounts due. Buyers Premium: A buyer's premium of Ten percent (10%) of the high bid will be added to the bid to determine the final sales price. Currency Type: USD Auction Location: 1506 Reed Street, Malvern, AR. Payment Instructions: Real Estate: Winning bidder will be required to pay $5,000 as non-refundable earnest money by 2PM CST Monday, April 3, 2017. The balance will be due in approximately 45 days at closing. Vehicle: Winning bidder will be required to pay balance in full by 2PM CST Monday, April 3, 2017. Terms of Sale: 1. YOUR BID IS A CONTRACT TO BUY should you be the winning bidder. 2. All property is sold "AS IS". 3. By bidding on property, the bidder shows acceptance of the terms of the auction. 4. All announcements made prior to the close of the Internet bidding take precedence over any and all written or verbal statements. 5. Stafford Auction & Realty attempts to describe the properties to the best of our abilities however we make no representations or guarantees. In no event shall Stafford Auction & Realty be held responsible for having made or implied any warranty of merchantability or fitness for a particular purpose. Nor shall we be responsible for any errors or omissions in the description of the properties. Stafford Auction & Realty (Auction Company) is providing an Internet auction as a service to Bidder. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall bidder have any kind of claim against Auction Company or anyone else if the Internet service fails to work correctly during the online auction. Auction Company will not be responsible for any missed bids from any source. Internet bidders who desire to make certain their bid is acknowledged should use the proxy bidding feature and leave their maximum bid at least 24 hours before the auction closes. Auction Company reserves the right to withdraw or re-catalog items in this auction.