ONLINE REAL ESTATE AUCTION TERMS & CONDITIONS The Following Terms & Conditions Apply To The Online Real Estate Auction of 36 Mountain Air Loop, Conway, AR 72032. In order to bid, you must read and accept all of the terms and conditions set forth below. 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. OPEN HOUSE: Wednesday August 23rd from 4:00pm-6:00pm BIDDING ENDS: Thursday August 24th at 2:00pm. 20% Down At The Conclusion Of The Auction With The Balance Due In 30 Days At Closing. Purchaser Will Receive A General Warranty Deed At Closing. Additionally, Seller will provide purchaser an "Owners" title insurance policy at closing. Wooley Auctioneers requires a credit card for bidder verification purposes only. We will never charge your credit card for real estate transactions. Wooley Auctioneers will contact the winning bidder by phone at the conclusion of the auction with detailed payment instructions. (See payment instructions below) Buyer's Contract: Your bids placed on the Wooley Auctioneers website/bidding platform are a contract and you are responsible for paying all amounts due. Currency Type: USD Auction Location: Internet Online Only Payment Instructions: Winning bidder will be required to put 20% of the contract purchase price immediately following the auction in form of a cashier's check to Lenders Title Co. at 1301 Main St. Conway, AR 72034. The balance will be due in approximately 30 days at closing. Terms of Sale: 1. YOUR BID IS A CONTRACT TO BUY should you be the winning bidder. 2. The property is sold "AS IS". 3. By bidding on the 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. Wooley Auctioneers attempts to describe the property to the best of our abilities however we make no representations or guarantees. In no event shall Wooley Auctioneers, Inc. 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. Wooley Auctioneers, Inc. (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. EXPLANATION SOFT CLOSE: if an item receives a bid within the last 2 minutes, then the close time will be extended for 2 minutes from the time the bid is placed. The time will continue to be extended for 2 minutes with each newly placed bid and the item will not close until 2 minutes has elapsed with no additional biding activity. This does eliminate "snipers" from our Internet Auctions. Please be assured that we have taken every precaution to set the site up in a transparent manner that allows for the fairest environment for both buyers and sellers.