TERMS & CONDITIONS: 1. Cotton & Associates Auctions, LLC (hereinafter referred to as "the Company") has made every effort to accurately describe all items being sold. All items are being sold "AS IS, WHERE IS" and without recourse. Neither the Company nor its consignor make any guarantees, warranties or representations, expressed or implied, with respect to the description, size, quality, condition, authenticity, value or applicability of any item being offered for sale. Any written or oral descriptions or values given by the Company or our consignors are our opinions and should be treated as such. No statement, written or oral, shall be deemed a warranty or an assumption of liability by the Company or its consignors. We strongly encourage prospective bidders or their representatives to inspect any property of interest prior to the bidding to insure they have no issues or concerns with the items. Your bid certifies that you have read and agree to be bond by these Terms and Conditions. 2. Order of Sale will be from catalog order. 3. At the end of the auction, indicating the lot is sold; title to the merchandise along with all risks and responsibilities for the item immediately passes to the winning bidder. He/she agrees to pay the full purchase price (including buyer's premium and if applicable, sales tax) within 24 hours of the end of the auction. Removal of purchased items will be during designated pickup times. We reserve the right to reject any bid believed to be inappropriate as determined by the Auctioneer or Company. 4. The Company reserves the right to withdraw any item from the sale not yet having received a bid before or during the auction. 5. A buyer's premium of 15% will be added to the winning bid for each lot and is payable by the purchaser as part of the total purchase price. 6. All sales to Florida businesses/residents or items that are to be picked up at our facility are subject to 7.5% sales tax unless a completed and current sales tax resale certificate issued in the name of the winning bidder is on file in our office prior to end of the auction. Please note that copies of 2019 exempt certificates are now due. If you wish to claim sales tax exemption, please email or hand deliver a copy of your exemption certificate before your next purchase. 7. Online bidders will receive invoices via email showing the items won and amount owed within 12 hours of the end of the sale. Winning online bidders shall provide payment information to the Company office within 24 hours of the auction ending (850-968-5243 or cai3510@panhandle.rr.com). Payment may be made by wire transfer (call 850-968-5243 for routing and account information) or credit card (Master Card, Visa or Discover). No item will be released for pickup or shipment before payment is received and cleared. Unless instructed otherwise by 1 pm CST the day following the auction, the credit card registered with will be charged the full invoice amount. Items not picked up during the scheduled pickup time will incur relocation/storage fees. 8. There is no guarantee of uninterrupted service, registration, or error free transmissions when using these services. Your bid constitutes a binding contract to pay for the items won by high bidder. 9. Reserves. All items may be subject to a reserve as a published minimum bid. 10. Shipping is the responsibility of the buyer and he/she may use any shipper of his/her choice. As a service to our customers, the Company does provide limited shipping services for small, non-fragile items that will fit into a USPS flat rate box. There is a nominal fee for this service and all items must be insured at least to the price paid for the item (Note that flat rate packages automatically include up to $50 insurance). Additionally, local packer/shippers (2BPostal; 850-380-5486 and The UPS Store; 850-478-7171) are available for shipping items won during the auction. Other local packer/shippers may be added from time to time at the discretion of the Company. The purchaser should make payment and shipping arrangements directly with the shipper. Should the winning bidder desire to use a different packer/shipper, coordination with the auction company is required. Local pick up is an option for local winning bidders and pick up must be at a date/time scheduled. Please bring packing materials and help for loading heavy items as we are unable to provide them. All items not picked up at scheduled pick up time will be subject to additional relocation/storage fees and if not picked up within 30 days will be declared abandoned and resold. © 2016 Cotton & Associates Auc

This is Phase I of a multiphase estate liquidation sale of the Francis and JT Melton estate in the Scenic Hills Subdivision Pensacola, Florida. This sale will be an internet only auction and all bidding will be via internet.