--------------------------------------- Auction Terms & Conditions -------------------------------------------- Property Address: 419 Royal Oaks Drive Vacaville, CA 95687 (revised 7/20/2020) " Auction Sale Date: Auction closes on Saturday, August 15, 2020 with a "soft" close commencing at 10:00 A.M. PST. " Location of Auction: ONLINE ONLY - http://unitedcountrygreenfieldsrealestate.hibid.com/auctions/current " Property Preview Dates -- Bidders wishing to personally inspect the property may do so by appointment or during any of the scheduled inspection dates/ times as follows: o Friday, July 31, 10:00 a.m. to Noon PST o Saturday, August 1st, Noon to 2:00 pm PST o Wednesday, August 5th, 10:00 a.m. to Noon PST o Saturday, August 8th, 2:00 pm to 4:00 pm PST o Thursday, August 13th, Noon to 2:00 pm PST o Friday, August 14th, 10:00 a.m. to Noon PST Note: Government directed COVID-19 social distancing procedures and guidelines will be in effect during public preview sessions and appointments. " Bidder Registration: Interested Bidders must register online via the United Country/ Green Fields' Real Estate auction registration link: http://unitedcountrygreenfieldsrealestate.hibid.com/auctions/current. Bidder registrants will be required to enter a valid credit card to confirm/ verify their eligibility to bid. " Agency Disclosure: Green Fields Real Estate Services and the auctioneer are acting as agents for the Seller. A one percent (1%) commission will be paid to a Buyer's agent provided that the winning Bidder registered their agent's name and company when he/ she (the bidder) initially registers online for the auction. The bidder's registered agent must assist in the purchase contract processing through to the escrow's closing for the commission consideration. " Property included in this sale is for the real estate only located at 419 Royal Oaks Drive, Vacaville, California 95687. Any personal chattel residing in or on the property will not convey. " Seller's Right to Cancel: This is a No Reserve, Online Auction. The Sellers reserve the right to cancel the auction prior to accepting any bids. The auctioneer reserves the right to reject any bid at his or her sole discretion. For internet-only auctions: In the unlikely event of a computer or network system failure, the auction company (Green Fields Real Estate Services) reserves the right to cancel and/or reopen the auction at a later time once the system is restored. " Auction Announcements/ Revisions: Announcements made by the auctioneer and/ or the auction company (Green Fields Real Estate Services) prior to the commencement of any bidding, take precedence over any prior oral or printed notices, publications, mailings, advertising or announcements. " Sales Contract Terms: Sellers will enter into a contract with the winning bidder utilizing the standard California Association of Realtors Residential Purchase Agreement (C.A.R. form RPA). There will be a 10% Buyer's Premium added to the final bid/ "hammer price" and charged to Buyer. The final bid amount plus the 10% Buyer's Premium will establish the final contracted sales price. Example: If the high bid is $200,000 then Buyers premium would be $20,000, so the final contract price would be $220,000. o The purchase agreement is not subject to any Buyer loan or financing contingencies so bidders are advised to be prepared to pay cash at escrow closing or have pre-arranged financing. o The purchase agreement is not subject to an appraisal contingency. o Property is being sold "AS IS, WHERE IS, WITH ALL FAULTS". There are no warranties made or implied by the auctioneer, Green Fields Real Estate Services or the Sellers as to the property's merchantability, condition or fitness for any specific or particular use. The Sellers will not credit, pay for or perform any work on the property including but not limited to repairs, cleaning, or otherwise. o There will be no post-auction inspection period or Buyer inspection contingencies accepted. Bidders are advised and encouraged to conduct any and all due diligence concerning the property prior to bidding during one of the posted inspection dates/ times or by appointment before the final day of the auction, August 15, 2020. By registering and bidding, you are representing that you have properly and thoroughly inspected the property, reviewed, acknowledged and understood all relevant information pursuant to the property to make an informed decision prior to bidding. The seller has provided a professional pest and roof inspection (reference attached inspection reports and Seller disclosures). o Buyer and Seller agree to initial paragraph 21 of the Residential Purchase agreement for LIQUIDATED DAMAGES. o Buyer and Seller agree to initial paragraph 22 of the Residential Purchase Agreement for DISPUTE RESOLUTION by MEDIATION AND ARBITRATION. o Seller to provide a grant deed giving marketable fee simple title subject to the restrictions of record, if any, as identified on the title report. The property is being sold subject to zoning, easements, restrictions and any other matters of record. o Sellers agree to pay the county transfer fee and the cost of the Natural Hazards disclosure report. All other customary escrow costs i.e. escrow fees, title policy, prorated taxes, insurance, inspections, document fees, etc., will be the sole responsibility of the Buyer. o The close of escrow shall be on or before September 14, 2020 o Possession will be granted upon Close of Escrow on or before September 14, 2020. o Deposit Requirements: The successful winning bidder/ Buyer will be required to wire transfer or deliver a $10,000 non-contingent/ non-refundable earnest money deposit to Old Republic Title Company in Vacaville, California no-later-than 4:00 pm PST close-of-business on Monday, August 17, 2020. Wire instructions will be furnished to the successful winning bidder/ Buyer upon contract execution at the auction's conclusion. The following disclosures will also be included in the purchase contract and require signing/ initialing by the winning bidder: " Sellers' Property Questionnaire (C.A.R. form SPQ) " Sellers' Real Estate Transfer Disclosure (C.A.R. form TDS) " Agent Visual Inspection Disclosure (C.A.R. form AVID) " Natural Hazard Disclosure report prepared by My NHD " Preliminary Title Report prepared by Old Republic Title Company " Pest Inspection Report (Cascade Pest Systems) " Roof Inspection Report (Summit Roofing) " Parcel map " California Residential Purchase Agreement and Joint Escrow Instructions (C.A.R. form RPA-CA) " Disclosure Regarding Real Estate Agency Relationship (form AD) " Possible Representation of more than one buyer or seller - Disclosure and Consent (C.A.R. form PRBS) " Buyer's Contingency Removal (C.A.R. form CR-1) " Wire Fraud and Electronic Funds Transfer Advisory (C.A.R. form WFA) " Authorization to Receive and Convey Information (C.A.R. form ARC) " California Statewide Buyers and Sellers Advisory (C.A.R. form SBSA) " California Consumer Privacy Act Advisory (C.A.R. form CCPA) " Square Foot and Lot Size Advisory (C.A.R. form SFLS) " Consumer Privacy Act Advisory (C.A.R. form CCPA) " Market Conditions Advisory (C.A.R. form MCA) " Megan's Law Advisory (C.A.R. form DBD) " Carbon Monoxide Advisory (C.A.R. form CMD) " Water Heater Advisory (C.A.R. form WHS) " Water Heater & Smoke Detector Advisory (C.A.R. form WHSD) " Water Conserving Plumbing Fixtures Advisory (C.A.R. form WCMD) " Buyer Receipt For Reports (C.A.R. form RFR-1) Bidder's online auction registration serves as his/ her acknowledgement that he/ she understands all of the auction terms and conditions as contained herein and will be strictly enforced without Buyer exceptions or revisions. Bidder further affirms that he/ she has the sufficient funds to meet the $10,000 non-refundable/ non-contingent earnest money deposit requirements of this real property auction and, have the balance of funds due available in the form of cash and/ or financing necessary to close escrow within 30 days, by Monday, September 14, 2020. Bidder acknowledges that in addition to possible COVID-19 exposure risk, numerous recognizable and potentially unforeseen hazards may exist around and on the subject property including tripping/ falling hazards and other potential health and safety hazards. Bidder agrees to assume any and all risks associated with inspecting and visiting the property and to therefore hold harmless, the property owners (Sellers), United Country/ Green Fields Real Estate Services (Representing Broker), their agents, associates and/ or representatives.

NO RESERVE, ONLINE ONLY AUCTION of a solid fixer-upper, four bedroom/ two bathroom, 1,498+/- square foot single story, single family residence situated on a well utilized 5,662+/- square foot lot in an established east-Vacaville, California neighborhood. Realize the equity potential in this home with your renovation expertise and TLC.