TERMS & CONDTIONS Method of Payment: Cash, if obtaining financing have financing prearranged prior to Auction, bidding is not contingent upon lender inspection, appraisal or any other contingencies. A nonrefundable earnest money deposit of $15,000 will be required at the end of the auction, with balance due on or before September 22, 2017. Acceptance of Bids: Successful bidder will be required to enter into a purchase agreement immediately following the close of the auction. The Seller reserves the right to accept or reject any bids. Conditions: This sale is subject to all easements, covenants and restrictions of record. Seller will stay on for an additional 30 days after closing, but no more than 20 hours per week to assist with transition. Buyers are not buying the Seller’s corporation, but will be allowed to continue doing business as Vel’s Amigos. The sale does not include any personal photographs on wall, Air Force & Kansas City Chiefs sports memorabilia, leased equipment, alcohol or any perishables. Real Estate Taxes: Taxes will be prorated to the date of closing. Title: The Seller will provide a current abstract of title at their expense continued to the auction date. Survey: The property will not be surveyed. If the Buyer or Buyer’s lender requires a survey it will be at the sole cost of the Buyer. Possession: Possession will be given at closing upon payment in full. Property Condition: The property will be selling “As Is, Where Is”, with NO warranty being expressed or implied as to the physical condition of the real estate, fixtures or equipment, available permits or zoning. Agency: Fraise Auction & Real Estate and their representatives are exclusive agents of the Seller. Disclaimer and Absence of Warranty: The information provided herein was obtained from sources deemed reliable, but neither Fraise Auction & Real Estate nor the Sellers make any guarantees or warranties as to its accuracy. All potential bidders are urged to inspect the property, its condition and to rely on their own conclusions. All sketches, dimensions and acreage figures are approximate or “more or less”. Any announcements made on auction day by the Auctioneer will take precedence over any previously printed material or oral statements. Conduct at the Auction and increments of bidding are at the direction and discretion of the Auctioneer. Fraise Auction & Real Estate and the Seller reserves the right to preclude any person from bidding if there is any question as to the person’s credentials, legal competence, etc. The property is being sold on an 'As Is, Where Is' basis, and no warranty or representation, either express or implied, concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained is believed to be accurate but is subject to verification by all parties relying on it. All lines drawn on maps and photos are approximate. No liability for its accuracy, errors or omissions is assumed by the seller or the auction company. Conduct at the auction and increments of bidding are at the direction and discretion of the auctioneer. All decisions of the auctioneer are final. Agency: Fraise Auction & Real Estate and their representatives are exclusive agents of the seller. Currency Type: USD Special Terms Fraise Auction & Real Estate is providing Internet bidding as a service to the 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 Fraise Auction & Real Estate or anyone else if the Internet service fails to work correctly before or during the auction. Fraise Auction & Real Estate 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 24 hours before the auction concludes. Fraise Auction & Real Estate reserves the right to withdraw or re-catalog items in this auction. The property is selling subject to public road easements, utility easements and all other easements of record. The seller has no knowledge of radon in the housing and has no records or reports pertaining to radon in the housing. Seller shall not be obligated to furnish a survey. If, in the future, a site cleanup is required, it shall be the expense of the buyer. Buyers are not bidding contingent on financing or any other contingencies. All sales are final. The Property is being sold “As Is, Where Is”. This is a soft close auction. Any bid placed in the final 3 minutes of an auction results in the auction automatically extending an additional 3 minutes. The bidding will extend in 3 minute increments from the time the last bid is placed until there are no more bids and the lot sits idle for 3 minutes. Therefore, the auction will not close until all biding parties are satisfied and no one can be outbid in the last seconds without having another opportunity to bid again.