TERMS & CONDITIONS FOR THE ONLINE AUCTION OF 2241 EASTGATE, TOLEDO, OH 43614 PLEASE READ CAREFULLY. These terms and conditions are absolute and cannot be altered or changed in any way. If you cannot follow these terms 100%, do not bid. If you have any questions about these terms or conditions, please contact Jade Montrie, Auctioneer with Real Estate Solutions of Ohio at (419) 283-6966 AUCTION TERMS & CONDITIONS: JADE MONTRIE, AUCTIONEER, MONTRIE AUCTION & ESTATE SERVICE, LLC AND REAL ESTATE SOLUTIONS OF OHIO, LLC REPRESENT THE SELLER. By bidding, bidders enter into a legal, binding contract to purchase according to the purchase agreement (see attached, under "lot 1") and the terms & conditions of the auction listed below. SUBJECT TO PROBATE COURT APPROVAL: Property is selling subject to Lucas County Probate Court confirmation. High bid and purchase agreement will be submitted to court for approval. BUYERS PREMIUM: A 10% Buyers Premium will be added to the last bid to establish final contract/sale price. REGISTRATION: You must be at least 18 years old to register and participate in this sale. In order to bid, you must create a username and password. You agree that all information provided during registration is true, accurate and up to date. AUCTION FORMAT: This is an online only auction. Bids will be accepted online for a period of days indicated, after which the high bidder/high bid and purchase agreement will be submitted to Lucas County Probate court for approval. If a bid is placed within 1 minute of the scheduled auction close, an additional 1 minute will be added to the bidding for a soft close on that item. FORMS: Upon close of the auction, the successful bidder will receive to be immediately signed electronically and returned: (all forms below are available for pre-auction preview; see attachments) 1. Ohio Consumer Guide to Agency Relationships brochure 2. Ohio Agency Disclosure statement, 3. Lead base paint disclosure form 4. Pamphlet "Protect Your Family from Lead in Your Home" 5. Residential property disclosure exemption form 6. Purchase agreement SETTLEMENT: Area Title Company to be used as escrow closing agent. $3500 deposit in the form of a personal or business check is due at close of auction, made payable to AREA TITLE. If buyer fails to close per terms of contract for any reason other than 1. non-marketable title, or 2. non-approval of probate court, deposit is non-refundable. Closing must occur on or before 9/9/2022 ELECTRONIC SIGNATURE: This Agreement may be executed by all parties by electronic signature. NO WARRANTIES: Property is being sold as is, where is, without warranties, represenations or guarantees expressed or implied as to the character, quality or condition NO CONTINGENCIES: There are no buyer contingencies. Purchase is not contingent on financing. Auction is not contingent based on inspection. The buyer agrees to rely exclusively on his/her pre-auction external evaluation of the property and is purchasing the property as-is, where-is and without recorse. Additionally, by bidding, the buyer agrees to waive the 10-day post inspection for lead base paint. NO ENTRANCE PERMITTED: Water damage occurred that led to mold. Some removal has been started. For this reason, there will be external inspections only; no entrance or internal inspections are permitted prior to closing. Room dimensions are estimates based on sketches and photos as we did not enter. BIDDING: Auctioneer reserves the right to accept and administer absentee bids on behalf of Buyers who are not present at the auction in a manner that is fair to all parties. The seller and the auction company reserve the right to preclude any person from bidding if there are any questions as to the personal credentials, fitness, etc.