TERMS & CONDITIONS: AUCTION BUSINESS: This Auction is being conducted by: Aaron Joseph, LLC dba Aaron Joseph 644 McDonnell DR, Suite 2, Tallahassee, Florida 32310 FL AB3775 FL CQ1058243, hereinafter referred to as AARON JOSEPH. PRINCIPAL AUCTIONEER: Joseph F. Kikta, GPPA, CES FL AU4236, GA AU4108, Licensed Real Estate Broker PROPERTY: 20.68+/- Acres located at an address that is To Be Determined Jefferson Road, Tallahassee, Florida 32317 LEGAL DESCRIPTION: See EXHIBIT "A" AUCTION LOCATION: 644 McDonnell Drive, Suite 2, Tallahassee, Florida 32310 AUCTION DATE & TIME: Thursday, May 27, 2021 | 11:00 AM Eastern (Please be prompt, this auction will close quickly) TITLE/TITLE COMMITMENT: In progress DEED: Warranty Deed SURVEY: As per plat HOME INSPECTION: Not applicable ESCROW AGENT: Messer Caparello, P.A., 2618 Centennial Place, Tallahassee, Florida 32308, Phone: (850) 222 -0720, Fax: (850) 558-0657 JURISDICTION: The legal jurisdiction of this Auction is Leon County, Florida, USA, hereinafter referred to as JURISDICTION. BUYER'S PREMIUM: 10% BID DEPOSIT: $2,500.00 PAYABLE TO: Messer Caparello, P.A. BINDER DEPOSIT (if you are the successful high bidder): 10% of the PURCHASE PRICE ONLINE BIDDING AVAILABLE AT: https://www.auctions.aaronjosephauctions.com OPEN HOUSE DATE(S): Not Applicable INSPECTION DATE(S): May 20, 2021 by appointment please call 850-778-3003 CLOSING COSTS: ALL CLOSING COSTS TO BE PAID BY THE BUYER. SELLER will reimburse up to $500.00 of BUYER'S closing costs at closing. CLOSING DATE: On or before June 28, 2021 These Terms & Conditions, amended by any published notice, whether posted, printed, or verbal, constitute the entire Terms & Conditions on which the PROPERTY identified above will be offered and/or sold by AARON JOSEPH on behalf of the SELLER for whom we act as agent. By bidding at this auction, you are expressly agreeing to these Terms & Conditions. Further, by bidding you become party to a negotiation, and expressly agree that in the event that you are the high bidder, and the PROPERTY is declared sold, a contract for sale and purchase is created under the laws of the State of Florida. By registering to bid, you are accepting the Terms and Conditions stated herein, and agree to abide by them as a condition for being accepted as a bidder IF YOU ARE THE HIGH BIDDER FOR A PROPERTY AT THIS AUCTION, YOU ARE ENTERING A CONTRACT FOR SALE AND PURCHASE WITH THE TERMS AND CONDITIONS STATED HEREIN. IF YOU DO NOT AGREE WITH ANY PORTION OF THESE TERMS AND CONDITIONS, DO NOT REGISTER TO BID. THESE TERMS AND CONDITIONS, THE AUCTION REGISTRATION AGREEMENT, AND THE CONTRACT FOR SALE AND PURCHASE THAT MAY RESULT FROM THIS AUCTION ARE LEGALLY BINDING CONTRACTS. YOU ARE ADVISED TO CONSULT WITH YOUR LEGAL COUNSEL PRIOR TO ENTERING INTO ANY CONTRACT. PARTIES: AARON JOSEPH as Agent for the SELLER and the registered bidder constitute the parties to these Terms & Conditions. The high bidder for any property sold at this auction and the SELLER are the parties to the subsequent Contract for Sale and Purchase that results. BUYER'S PREMIUM: The Buyer's Premium stipulated above will be added to the high bid to determine the sales price for the CONTRACT FOR SALE AND PURCHASE. The Buyer's Premium is in addition to your high bid if you are the successful high bidder. For example, if you bid $100,000 at an auction with a 10% Buyer's Premium, and you are the successful high bidder, the CONTRACT FOR SALE AND PURCHASE will reflect a PURCHASE PRICE of $110,000 (Your $100,000 Bid + $10,000 for the Buyer's Premium). Please bid accordingly. There is never a fee to place a bid and no Buyer's Premium is charged unless you are the successful high bidder for a property at the auction, and are therefore the buyer of that property. REGISTRATION: Registration is required in order to bid at any AARON JOSEPH Auction. This registration includes your name, address, phone number, email address, and a valid government issued identification. All bidders are required to register to bid, using the AUCTION REGISTRATION AGREEMENT, and receive a paddle number prior to bidding. You must be 18 years of age or older to register to bid. As part of the bidder registration process, each bidder must attest that they have read and accept these BIDDER TERMS & CONDITIONS and agree to immediately sign the CONTRACT FOR SALE AND PURCHASE provided by AARON JOSEPH. A copy of the CONTRACT FOR SALE AND PURCHASE is part of the Bidder Information Packet. If you have any general questions regarding these BIDDER TERMS & CONDITIONS, the AUCTION REGISTRATION AGREEMENT or the CONTRACT FOR SALE AND PURCHASE please ask during the registration process. If you have legal questions regarding the aforementioned documents, please consult your legal counsel. REGISTERING TO BID WILL BE CONSIDERED SUFFIECIENT EVIDENCE THAT A BIDDER ACCEPTS ALL CONDITIONS SET FORTH IN THESE TERMS & CONDITIONS, THE AUCTION REGISTRATION AGREEMENT AND THE CONTRACT FOR SALE AND PURCHASE. All Real Estate Licensees working as a Buyer's Agent, must register their buyer with AARON JOSEPH at least 48 hours prior to the sale. Buyer's Agents will not be compensated if BUYER registers separately from agent. BID DEPOSIT: A bid deposit in the form of a Certified Check or Cashier's Check made payable to the ESCROW AGENT listed above, in the amount stipulated above, or a Wire Transfer (Contact AARON JOSEPH for Wire Transfer instructions) in the amount stipulated above and received prior to the auction, is required to bid at this auction. If you are not the successful high bidder, this deposit check will be promptly returned to you in person or mailed by first class mail. In the event that you are not the successful high bidder and submitted your deposit by Wire Transfer, allow 48 hours for a check to be drafted which will be available for pickup or mailed by first class mail. If you are the successful high bidder at the auction, this BID DEPOSIT will become part of your non-refundable BINDER DEPOSIT. BINDER DEPOSIT: The BINDER DEPOSIT stipulated above or the BID DEPOSIT whichever is greater is due from the successful high bidder immediately after being declared the winning bidder as a binder for the CONTRACT FOR SALE AND PURCHASE. Any difference between the BID DEPOSIT and the BINDER DEPOSIT may be made up by personal check, business check, cash, or wire transfer. Under no circumstances will the BINDER DEPOSIT be less than the BID Deposit. The BINDER DEPOSIT is non-refundable and will count toward the total funds needed to close. The BINDER DEPOSIT is calculated on the total PURCHASE PRICE. Therefore, it is calculated on the total of the high bid and the buyer's premium. For example, if the high bid is $100,000 with a 10% Buyer's Premium, the PURCHASE PRICE would be $110,000 and the BINDER DEPOSIT would be 10% of the $110,000 which is $11,000. BIDDING: This auction will be conducted live with in-person, absentee, phone, and simultaneous online bidding. Bids will only be accepted from registered bidders. By bidding at this auction, a bidder is creating a contract, enforceable under the laws of the JURISDICTION stipulated above. Bidding at this auction will be considered sufficient evidence that a bidder accepts all conditions set forth in these TERMS & CONDITIONS, the AUCTION REGISTRATION AGREEMENT, the CONTRACT FOR SALE AND PURCHASE, and ANY CONDITIONS OUTLINED ON THE DAY OF THE SALE WHETHER WRITTEN OR VERBAL. Any individual bidding on behalf of, or as an agent of another individual or company, whether or not such agency is disclosed, and whether or not the identity of the Principal is disclosed, other than a licensed real estate agent or broker who is properly registered with AARON JOSEPH as a Buyer's Agent, may be jointly and severally liable along with the Principal, under any contract created by the acceptance of a bid. The auctioneer has the authority to accept or reject any and all bids. All bidding is in terms of United States Currency. The auctioneer determines who the high bidder is. In the event of a "tie bid", the auctioneer may re-open the bidding to break the tie. The auctioneer's decisions are final. BIDDING IN THIS AUCTION CONSTITUTES A LEGALLY BINDING OFFER TO PURCHASE THE REAL PROPERTY DESCRIBED IN THE ATTACHED CONTRACT FOR SALE AND PURCHASE. CONTRACT FOR SALE AND PURCHASE: Upon being declared the high bidder at the auction, the high bidder shall immediately execute the CONTRACT FOR SALE AND PURCHASE along with any included addendums; a copy of which is attached to these Terms & Conditions in the Bidder Information Packet. The high bidder's information as it appears on the AUCTION REGISTRATION AGREEMENT shall be entered onto the CONTRACT FOR SALE AND PURCHASE as "Buyer". The PURCHASE PRICE shall be the total of the high bid plus the buyer's premium. WHEN ENTERING INFORMATION ON THE CONTRACT FOR SALE AND PURCHASE, UNDER NO CIRCUMSTANCES SHALL A BIDDER SUBSTITUTE THE NAME(S) OR CONTACT INFORMATION OF A DIFFERENT BUYER FOR THE NAME(S) OR CONTACT INFORMATION LISTED ON THE AUCTION REGISTRATION AGREEMENT. No changes shall be made to the CONTRACT FOR SALE AND PURCHASE as presented herein. BACK-UP CONTRACT: Upon being declared the second highest bidder at the auction, the second highest bidder will be asked to execute the CONTRACT FOR SALE AND PURCHASE along with any included addendums, a copy of which is attached to these Terms & Conditions in the Bidder Information Packet, and a BACK-UP CONTRACT ADDENDUM. The second highest bidder's information as it appears on the AUCTION REGISTRATION AGREEMENT shall be entered onto the back-up CONTRACT FOR SALE AND PURCHASE as "Buyer". The PURCHASE PRICE shall be the total of the second highest bid plus the buyer's premium. UNDER NO CIRCUMSTANCES SHALL A BIDDER SUBSTITUTE THE NAME(S) OR CONTACT INFORMATION OF A DIFFERENT BUYER FOR THE NAME(S) OR CONTACT INFORMATION ON THE AUCTION REGISTRATION AGREEMENT WHEN ENTERING INFORMATION ON THE BACK-UP CONTRACT FOR SALE AND PURCHASE. No changes shall be made to the back-up CONTRACT FOR SALE AND PURCHASE as presented herein, except that on line 29 in section 2(a) the (ii) box shall be checked and it shall be indicated that the initial deposit is to be made within 2 days after the Effective Date, and on line 650 in section 19 box W "Back-up Contract" shall be checked. The BID DEPOSIT will be held. If the SELLER terminates the prior executed contract and delivers notice to the back-up buyer by the date and time indicated on the BACK-UP CONTRACT ADDENDUM, the back-up contingency will be removed and the back-up contract will move into first position. The Effective Date of the back-up contract if moved to first position will be the date SELLER delivers written notice of the termination of the prior executed contract. At this point, the back-up buyer's BID DEPOSIT will be delivered to the ESCROW AGENT, and the back-up Buyer will have 2 days to make the remainder of their BINDER DEPOSIT equal to 10% of the PURCHASE PRICE. AUCTION ADDENDUM: An AUCTION ADDENDUM shall be executed along with the CONTRACT FOR SALE AND PURCHASE. The AUCTION ADDENDUM outlines the Buyer's Premium, that the Buyer will pay cash for the PROPERTY with no financing contingency, who is expected to pay certain fees and expenses, and stipulates that "The inspection, repair, and walkthrough provisions of the Contract are deleted. Buyer agrees to accept the Property in "as-is" condition.", along with other material stipulations. This addendum amends the CONTRACT FOR SALE AND PURCHASE, and is material to this auction. THERE ARE NO CONTINGENCIES. INSPECTIONS: BUYERS should have all tests, inspections, and appraisals completed prior to the auction. By bidding in this auction, BUYER affirms that they have had an opportunity to inspect the PROPERTY and declare that they have performed all the inspections or tests they require, and have made all inquiries and research that they deem necessary. THE PROPERTY IS SOLD WITH NO CONTINGENCY FOR INSPECTIONS. THE INSPECTION, REPAIR, AND WALKTHROUGH PROVISIONS OF THE CONTRACT, IF ANY, ARE DELETED. CLOSING: Closing shall occur on or before the date indicated above as CLOSING DATE. In addition to the balance to close, BUYER shall also pay all indicated closing costs. DO NOT BID IF YOU DO NOT HAVE THE FUNDS TO CLOSE, INCLUDING THE BUYER'S PREMIUM AND CLOSING COSTS. CLOSING COSTS: BUYER shall pay closing costs, including but not limited to: Taxes on Deed, Recording Fees, Title Evidence, Estoppel Fee(s), Taxes and recoding fees on notes and mortgages, Recording fees on the deed and financing statements, Loan expenses, Lender's title policy , Inspections, Survey, Insurance, etc. SELLER agrees to pay $500.00 to help offset BUYER'S closing costs. BUYER IS RESPONSIBLE FOR AND SHALL PAY ALL CLOSING COSTS. NO WARRANTY: THE PROPERTY IS SOLD AS-IS WITH NO WARRANTY OF ANY KIND, EXPRESS OR IMPLIED. Any information provided by AARON JOSEPH including but not limited to the PROPERTY Information Packet, which is a summary of information available, is provided solely for the convenience of the BIDDER. Such information is deemed reliable but is not guaranteed. UNDER NO CIRCUMSTANCES SHOULD THE INFORMATION CONTAINED HEREIN BE RELIED UPON BY ANY PERSON IN MAKING A DECISION OF PURCHASE. BUYER shall obtained their own information and rely solely on the information they have independently obtained and upon their own inspection of the PROPERTY. The SELLER, AARON JOSEPH, or anyone associated with this Auction make no promises or representations regarding the PROPERTY. BUYER agrees to indemnify and save harmless AARON JOSEPH and/or its agents and employees, or anyone associated with this Auction against any claims, actions, causes of action, demands, rights, damages, losses, decrees, judgments or costs, including legal fees, that may result or occur as a result of this Auction or due to the condition of the PROPERTY. DESCRIPTIONS AND PHOTOGRAPHS: Descriptions or photographs of the PROPERTY are not to be used in lieu of a personal inspection. Any statement written or verbal, in any location, stated before, during or after the auction, or written or stated elsewhere, as to any feature, attribute, physical condition, history measurement, size, zoning, use, or anything else regarding the PROPERTY are merely opinion and not representations or warranties. No employee, agent, or auctioneer of AARON JOSEPH is authorized to make any representation or warranty on behalf of AARON JOSEPH or on behalf of the SELLER regarding the PROPERTY. LANGUAGE: The language spoken at AARON JOSEPH is American English. In many cases however, we do try to accommodate the spoken language(s) of our bidders. Although AARON JOSEPH may in certain cases have an employee or employees who speak other languages, AARON JOSEPH is not responsible for errors or damages caused by language, including misinterpretations, or incorrect pronunciation. By registering to bid and bidding at our auctions, you attest that you assume full responsibility for all communication, and will secure the services of an interpreter if necessary. NO REFUNDS: Once a high bidder is declared, the high bidder's BID DEPOSIT and all additional funds required in the BINDER DEPOSIT become NON-REFUNDABLE. RESERVE: PROPERTY is subject to a reserve or minimum bid, unless otherwise stipulated. The reserve is the lowest amount the seller is willing to accept for the PROPERTY. AARON JOSEPH personnel or the auctioneer may bid on behalf of the seller up to the reserve. If an auction estimate is given, the reserve will never be higher than the low auction estimate. ONLINE BIDDING: All online bidding will occur on our bidding platform, powered by HiBid. The registration process is two-fold. First you must register for a HiBid user name and password. Once you have a HiBid username and password, you can register for the auction. You only have to create a HiBid username and password once. However, you must register for each auction separately. Once the registration process is complete, you may then bid online at the auction for which you have registered. You must register for each auction in which you would like to bid, which includes accepting and following these TERMS & CONDITIONS and submitting your BID DEPOSIT. Please allow ample time for the processing of your registration, and BID DEPOSIT. Last minute registrations are discouraged and are not guaranteed. AARON JOSEPH assumes no liability for damages incurred by the failure or disruption of online services. PRESALE OFFERS AND REMOVAL OF PROPERTY FROM SALE: SELLER reserves the right to execute a CONTRACT FOR SALE AND PURCHASE based upon an acceptable presale offer, and thereby remove the PROPERTY from auction. AUCTION ESTIMATES: Any Auction Estimate is only an approximation of what AARON JOSEPH believes the PROPERTY could bring at Auction based on its experience and sales data for similar properties. Auction Estimates are NOT Appraisals, and are not to be used as the value of the PROPERTY. Auction estimates are subject to revision. LIMITATION OF LIABILITY: The Bidder agrees to hold AARON JOSEPH, its employees and associates, and the Principal Auctioneer and/or any Auctioneer receiving bids, harmless for errors & omissions. Further, the Bidder agrees to hold AARON JOSEPH, its employees and associates, and the Principal Auctioneer and/or any Auctioneer receiving bids harmless, as agents of the seller, for issues arising from the transfer of title of goods purchased. PROPERTY IS SOLD "AS-IS". AARON JOSEPH NOR THE SELLER MAKES ANY REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, REGARDING THE PROPERTY. THE PURCHASER EXPRESSLY ACKNOWLEDGES AND AGREES THAT IN NO EVENT SHALL AARON JOSEPH, ITS EMPLOYEES, AGENTS, AND/OR AUCTIONEERS BE LIABLE FOR ANY DAMAGES, INCLUDING, WITHOUT LIMITATION, ANY COMPENSATORY, INCIDENTAL, OR CONSEQUENTIAL DAMAGE. SELLERS: Sellers are NOT permitted to bid on their own PROPERTY, nor are they permitted to have an employee or agent bid on their behalf, except that AARON JOSEPH is permitted to bid on behalf of the SELLER up to the amount of a reserve. EMPLOYEES & ASSOCIATES: Employees and associates of AARON JOSEPH are permitted to purchase the PROPERTY at competitive bidding under the same terms, rules and regulations as the general public. COOPERATING BROKERS: Cooperating brokers not representing themselves shall be compensated as outlined in the Multiple Listing Service (MLS) upon the successful closing of the PROPERTY for securing a buyer. Cooperating Brokers or their Agent must submit the BROKER REGISTRATION FORM, be approved by AARON JOSEPH, and abide by the terms therein. The Cooperating Broker or their agent must register the bidder, show the property, and attend the auction with the bidder. COOPERATING BROKER OR THEIR AGENT MUST NOT BE A PRINCIPLE IN THE TRANSACTION. COMMISSION IS EARNED IF THROUGH THE SOLE EFFORT OF COOPERATING BROKER OR THEIR AGENT A BUYER IS BROUGHT TO THE AUCTION AS COOPERATING BROKER'S CLIENT, AND SUCH CLIENT COMPLIES WITH ALL TERMS AND CONDITIONS OF THE AUCTION, IS THE SUCCESSFUL HIGH BIDDER, AND CLOSES ON THE PROPERTY. AGENCY: AARON JOSEPH acts as agent for the SELLER in this transaction, and as such has NO BROKERAGE RELATIONSHIP WITH THE BIDDER/BUYER. As a real estate licensee AARON JOSEPH, its agents and associates owe you the following duties: Dealing honestly and fairly, disclosing all known facts that materially affect the value of residential real property which are not readily observable to the buyer, and accounting for all funds entrusted to the licensee. RECORDING: An audio recording, video recording, photographs or any combination of these may be made at this auction. This recording may include statements made by and images of the auctioneer, auction staff, bidders, and anyone else in attendance at the auction. Such recordings or images may be used to verify bids or statements, and may be used in marketing materials. ARBITRATION: In the event that a dispute arises from an Auction under these TERMS & CONDITIONS, the Bidder agrees to resolve the dispute through Binding Arbitration, whereby the prevailing party is entitled to reimbursement of their legal fees by the opposing party. VENUE: The bidder agrees that the contract created by any sale under these TERMS & CONDITIONS is made and performed in the JURISDICTION stipulated above. Any dispute arising from this Auction will be resolved in, and under the laws of that JURISDICTION. SEVERABILITY: AARON JOSEPH and the Bidder agree that if any portion of these TERMS & CONDITIONS is deemed unenforceable or invalid, the remainder of the TERMS & CONDITIONS shall remain enforceable and valid. FORCE MAJURE: This auction may be delayed, postponed or cancelled due to any act of God, act of nature, including any epidemic, or outbreak of pandemic disease, fire, act of government or state, war, civil commotion, insurrection, embargo, prevention from or hindrance in obtaining raw material, energy, or other supplies, labor disputes of whatever nature or whatever reason beyond the control of AARON JOSEPH ENTIRE CONTRACT: This Agreement and any documents and instruments that may be referred to herein constitute the entire contract between the parties to this Agreement and supersede all other understandings, written or oral, with respect to the subject matter of this Agreement.