TERMS: A non-refundable down payment of $5,000 per tract is due auction day with cash or check, balance due at closing within 45 days. Taxes: Prorated. Possession: At closing. BIDDER CONTRACT & TERMS This BIDDER CONTRACT is entered into between the Bidder & the Auctioneers. Bidder agrees that the terms listed below shall govern this auction and he/she agrees with them. Additional terms may be posted or announced from the auction block which are just as binding as the below terms. 1. FULL PAYMENT: All items must be paid for in full before Bidder leaves the premises. Nothing may be removed until it is settled for. Payment for purchases must be made by cash, check, credit card or money wire unless otherwise announced by the Auctioneers, Letters of Credit or Guarantee must be for this auction only, along with proof of identity. All sales are subject to the state sales tax laws. Bidder agrees not to stop payment on checks or disallow a sight draft and is responsible for any expenses due to collection of a bad check. In the event of non-payment of a bad check, the Auctioneers reserve the right to repossess, at any time, at your location, the merchandise involved. 2. NO WARRANTY: ALL ITEMS ARE SOLD AS IS, WHERE IS, WITHOUT GUARANTEE OF ANY KIND. The descriptions of items in advertising prior to this auction are believed to be correct. Nevertheless, neither those descriptions nor any oral statements made by the Owner (or his agents) or the Auctioneers (or their agents) concerning any item shall be construed as a warranty, either expressed or implied. I, the Bidder, have examined this merchandise and accept it the way it is. 3. DISPUTES: The Auctioneers shall designate the winning bidder after each item is auctioned. If a dispute arises, the Auctioneers reserve the right to reopen the bidding. The Auctioneers’ designation of a Buyer shall be final. 4. BUYER’S RESPONSIBILITY: After a bidder has won the bid with his/her high bid, he/she may have become the new owner of the item, even though he/she may not have paid for the item yet. The item(s) becomes the full and sole responsibility of the Buyer at this point, and Buyer assumes all risk of loss and damage. Buyers should guard their items accordingly. 5. INJURY AND DAMAGE: Bidder acknowledges responsibility for any personal injury or property damage caused by Bidder or his agent, and further agrees to hold the Auctioneers harmless from any personal injury to himself or his agents and any property damage incurred on auction premises. 6. AGENTS ONLY: The Auctioneers are acting as the Owners’ agents only. 7. ADDITIONAL TERMS: Additional auction specific terms may apply. See registration for details. 8. Auctioneer, staff and seller reserve the right to bid / participate in the auction in the case they have a bona fide intent to purchase items.