TERMS & CONDITIONS 21.3 AC. Prince Edward Co, VA Old Peach Orchard Lane Meherrin, VA 23954 Legal Description -- Parcel 122-A-16; Ward AC 21.370 CL 5 DB 2007/3382 The property will be sold at Public "Online - Internet Auction", ending Thursday, June 17 at 7: 00pm (soft close) *The property will be sold subject to seller's confirmation (sells with reserve). *Property sells As-Is with no warranties expressed or implied *The auction is Subject to prior sale (the property can be purchased prior to the end of the auction) *The seller reserves the right to cancel the auction at any time prior to the final bid closing BUYERS PREMIUM *An 10% buyer's premium will be added to the final bid and charged to the buyer, the final bid plus the 10% Buyer's premium will establish the final sales price. *A down payment of $2,500.00 must be paid by the successful bidder by direct wire transfer within 24 hours of acceptance of the auction contract by the sellers. Down payment will be payable to UCVR ESCROW. The down payment deposit will be non-refundable; your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing. The balance of the purchase price will be due via a wire transfer to the closing company, on delivery of insurable title on or before July 15, 2021. *Final closing is NOT contingent upon financing. *The property will be conveyed by a Warranty Deed *Real Estate Taxes: the taxes will be prorated to the day of closing. CLOSING *Closing shall take place at the office of the title company or Lawyer the buyer chooses *Buyers closing fees will be paid by the buyer. *Closing will be held on or before July15 5pm *Possession will be granted at final closing. The successful Bidder shall execute electronically an "Auction Real Estate Sales Contract" for the property immediately after being declared the Successful Bidder by the Auctioneer. Each potential Bidder is responsible for conducting at their own risk, their own independent inspections, investigations, and due diligence concerning the property. Further; Property sells as-is with no warranties expressed or implied United Country Virginia Realty & AB COLE Auction and their representatives are exclusive agents of the Seller. All announcements made up to the final close of the Auction bidding take precedence over all advertising, oral or printed material. All information was gathered from reliable sources and is believed to be correct as of the date this brochure is published; however the seller or auctioneers have not independently verified this information. Auction plats and drawings are not to be relied on ad are for representation purposes only. Its accuracy is not warranted in any way. There is no obligation on the part of the sellers or auctioneer to update this information.