1. All bidders are required to register and give full identification prior to the beginning of the auction. Number system to be used.
   
   
2. The property will be offered in its "AS IS" condition with any and all faults. The buyer acknowledges that he/she has inspected the property and accepts it in its "AS IS" condition.
   
   
3. This property is to be sold with a deed.
   
   
4. This is a 10% buyers fee auction. The high bid plus a 10% buyers fee shall equal the total purchase price. The buyers fee is paid to the Auctioneer upon closing.
   
   
5. The successful bidder must make a $5,000 each property down payment of earnest money on auction day. Payment may be made in cash or cashiers check made payable to yourself. PERSONAL CHECKS MUST BE ACCOMPANIED WITH A BANK LETTER OF CREDIT AND PRE-APPROVED BY AUCTIONEER PRIOR TO AUCTION.
   
   
6. Earnest money deposit is non-refundable it will be held in Auctioneers Trust account and will be applied to the purchase price at time of closing. Buyer agrees to close and the balance of the purchase price shall be due and payable at closing within 30 days of the auction.
   
   
7. All announcements made on auction day may supersede any published or previously announced terms and conditions.
   
   
8. Seller to provide title insurance.
   
   
9. Bidder is advised that Auctioneer and/or Broker are agents of the sellers.
   
   
10. Bidder agrees to the above terms and conditions of the auction prior to receiving a bid card.

These terms and conditions are made part of the offer to purchase.

I have read, understand and agree to the above listed terms and conditions of auction.

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