BUYERS You must register and receive a bidder's number to be able to bid. If you become the high bidder on the property you must sign an auction contract day of sale and be prepared to present a 10% of the high bid as a deposit day of sale in the form of cashiers check/personal check/business check or bank letter of credit. Upon acceptance of contract by Seller, the deposit will be given to the closing company and deposited. Deposit is non-refundable unless Seller cannot produce clear title. Buyer pays all closing costs except pro-rated taxes and insurance. Buyer pays for any and all optional home inspections. SELLERS Sellers have 3 business days to accept, reject, or counter auction offer. Seller guarantees clear and marketable title or sale is void. Seller must fully disclose any knowledge of any property defect. AUCTION TERMS There is a 10% buyer's premium/commission added to the final high bid price. This fee is paid by the Buyer and is incorporated into the final purchase price. If Buyer fails to close for any reason, other than Seller failing to provide clear and marketable title the deposit becomes liquidated damages and is non-refundable. Home is sold as is with no guarantees or warranties implied except for clear and marketable title. Home not sold subject to financing or inspections. Buyer may order and pay for inspections at his discretion. All announcements day of sale supersede any and all printed material. All information is public record and given as a courtesy only and is not a statement of guarantee by the Auctioneer or the Seller. BIDDER CONTRACT This bidder contract entered into between the Bidder, whose name is signed above and 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 and these terms are just as binding as the ones listed below. 1. Full Payment - All items must be PAID IN FULL before bidder leaves the auction. Nothing may be removed until it is settled for. Payment for purchases must be made by cash, check or charge card with proof of identity. All sales are subject to local sales tax and 10 % buyers premium. Bidder agrees Not to stop payment on checks or credit cards and is responsible for any charges incurred for collection of a bad check. The Auctioneer has the right to repossess, at any time, at your location, the merchandise involved with a bad check. 2. Warranty - all items are sold as is, where is, without guarantee of any kind. The description in our advertising is believed to be correct, nevertheless, neither those descriptions nor any oral statements made by the owner or his agents or the auctioneer concerning any item shall be construed as a warranty, neither expressed or implied. I, the bidder have inspected the merchandise and accept it the way it is. 3. Disputes - The Auctioneers shall designate the winning bidder after each item is auctioned. If a disputes arises between two bidders, the Auctioneers reserve the right to reopen the bidding. The Auctioneer's designation of the buyer is final. 4. Buyer's Responsibility - After a bidder has won the bid, they are now the new owners of this item, even though they may not have paid for the item yet. The item or items is the sole responsibility of the buyer and they assume all risk for loss or damage, buyers should guard their items accordingly. Watch your ITEMS! 5. Injury and Damage - Bidder acknowledge responsibility for any personal injury or property damage caused by bidder or his agent and further agrees to hold Auctioneer 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 Agents for the Sellers only. I have read the bidder contract and hereby agree to the above terms and conditions by signing this contract.