TERMS & CONDITIONS The following terms and conditions apply to every auction posted on the Zielsdorf Auction and Real Estate Services website. By placing a bid on this website, bidders acknowledge their receipt and acceptance of these terms and conditions, and acknowledge that they are entering into a legal and binding contract. 1. Payment Down payment is due on the day of auction closing. All other payments are due according to the stated time in the auction. Signing of contracts will take place in person at Zielsdorf Auction Facility or via email and electronic document signatures. Acceptable forms of payment are Bank Wire Transfer or Check. 2. Agency Zielsdorf Auction and Real Estate Services and its employees act as agents for sellers. Unless otherwise noted in specific auction terms, all auctions are with reserves. The reserve amount is undisclosed unless advertised otherwise as “absolute”. Auctioneers, at their discretion, may place a reserve bid on behalf of the seller. All final bids are subject to confirmation by seller. Bid status will be given to top bidder only. All information provided by Zielsdorf Auction and Real Estate Services is deemed correct, but Zielsdorf Auction and Real Estate Services does not give any warranty, express or implied, as to any item being sold. Bidders agree to purchase and accept items or real estate in an as-is condition. Bidders agree to hold Zielsdorf Auction and Real Estate Services, its employees and agents harmless for any errors or omissions regarding online auction items or real estate. 3. Inspection Bidder acknowledges that bidder has the right to inspect any item or real estate. By bidding on an item, bidder agrees to accept the item in its present condition at its present location. 4. Auction Close Online auctions will close on the date and time listed. Lots will remain open until no bids have been received for 6 minutes. Upon accepted bid of an item, that item shall immediately become bidder’s responsibility and be at bidder’s risk. Zielsdorf Auction and Real Estate Services is not responsible for lost, stolen or damaged items and will not reimburse or discount items for any loss. Buyers are responsible for any and all costs incurred for shipping or transport of items. Buyers agree to remit payment and remove property according to the terms stated in the auction. 5. Default Bids may not be canceled or retracted for any reason. Nonpayment or fraud by bidders will be subject to applicable legal recourse including civil and criminal proceedings. 6. Technology Zielsdorf Auction and Real Estate Services does not guarantee that bids placed online will be transmitted to or received by the auctioneer in a timely fashion. Bidders agree to hold Zielsdorf Auction and Real Estate Services and its employees harmless from any interruptions in online bidding. Zielsdorf Auction and Real Estate Services may suspend, postpone, or cancel any internet auction due to technological difficulties, at its discretion. 7. Bid Acceptance Zielsdorf Auction and Real Estate Services reserves the right to accept or refuse any bid, at its discretion. Zielsdorf Auction and Real Estate Services reserves the right to modify any of these terms and conditions at any time, with or without notice.