AUCTION TERMS & CONDITIONS - A 5% BUYER'S PREMIUM FOR ON-LINE WINNING BID ONLY AND ON-SITE NO BUYER'S PREMIUM FOR WINNING BID. 1. TO BE APPROVED AS AN ONLINE BIDDER, A SIGNED COPY OF THIS "TERMS AND CONDITIONS" MUST BE RECEIVED 48 HOURS PRIOR TO THE CLOSE OF THE AUCTION AND A BANK LETTER STATING PRE-APPROVAL OF FINANCING. BIDDERS MAY BE REQUIRED TO PROVIDE A PHOTOCOPY OF A VALID STATE-ISSUED IDENTIFICATION AT THE AUCTION COMPANY'S SOLE DISCRETION 2. GRANT'S AUCTION & REALTY RESERVES THE RIGHT TO WAIVE ANY AND ALL REQUIREMENTS AND/OR REQUIRE ADDITIONAL DOCUMENTATION PRIOR TO ALLOWING A BIDDER TO PARTICIPATE IN THE AUCTION. 3. THE BIDDER IS EXCLUSIVELY AND SOLELY RESPONSIBLE FOR ANY AND ALL BIDS PLACED THROUGH THEIR REGISTERED BIDDER ID. BIDDERS MUST NOT SHARE OR DISCLOSE THEIR PASSWORD TO ANYONE. 4. BIDDING INCREMENTS SHALL BE DETERMINED AT THE SOLE DISCRETION OF THE AUCTIONEER AND WILL BE POSTED ON THE BIDDING WEBSITE. 5. PROPERTY WILL SELL UPON THE APPROVAL OF THE OWNER(S). THE BIDDER EXPRESSLY AGREES THAT THE BIDDER HAS INSPECTED THE PROPERTY, OR HAS HAD THE OPPORTUNITY TO INSPECT THE PROPERTY, AND IS AWARE OF THE FLAWS, IF ANY, AND IS FULLY PREPARED TO PAY FOR THIS PURCHASE IN FULL AT TIME OF CLOSING. 6. THE SALE SHALL NOT BE CONTINGENT UPON THE SALE OF ANY OTHER PROPERTY, NOR SHALL IT BE CONTINGENT UPON FINANCING IN ANY MANNER. 7. BIDDER ASSUMES ALL LIABILITY FOR THE INSPECTION PROCESS, INCLUDING RELEASING THE SELLER AND THE AUCTIONEER FROM ANY CLAIM OF INJURY OR HARM DURING THE INSPECTION. 8. A FAILURE BY THE BIDDER TO INSPECT THE PROPERTY SHALL NOT BE GROUNDS TO TERMINATE OR VOID ANY CONTRACT. 9. IT IS THE PURCHASER'S SOLE RESPONSIBILITY TO: (A) PREFORM ALL INSPECTIONS (LEGAL, ENVIRONMENTAL, ECONOMIC OR OTHERWISE) OF THE PROPERTY AND TO BE SATISFIED AS TO ITS CONDITION PRIOR TO BIDDING. (B) REVIEW ALL PROPERTY INFORMATION AND DUE DILIGENCE MATERIALS. (C) INDEPENDENTLY VERIFY ANY INFORMATION THEY DEEM IMPORTANT INCLUDING INFORMATION AVAILABLE IN PUBLIC RECORDS (D) INQUIRE OF PUBLIC OFFICIALS AS TO THE APPLICABILITY OF AND COMPLIANCE WITH LAND USE AND ENVIRONMENTAL LAWS, ZONING, BUILDING AND HEALTH AND SAFETY CODES AND ORDINANCES AND ANY OTHER LOCAL, STATE OR FEDERAL LAWS AND REGULATIONS. 10. ALL INFORMATION CONTAINED IN THE WEBSITE AND ALL PROMOTIONAL MATERIALS, INCLUDING BUT NOT LIMITED TO, PHOTOGRAPHS, DIRECTIONS, ACREAGE, SQUARE FOOTAGE, DIMENSIONS, ZONING, MAPS USED FOR PROMOTION, ENVIROMENTAL CONDITIONS, TAXES, ETC WAS PROVIDED BY OR ON BEHALF OF THE SELLER AND IS BELIEVED TO BE CORRECT, HOWEVER NEITHER THE SELLER NOR THE AUCTIONEER MAKES ANY PROMISE, REPRESENTATION, GUARANTEE, OR WARRANTY AS TO THE ACCURACY OR COMPLETENESS OF SUCH INFORMATION. 11. THESE PROPERTIES SELL "AS-IS" WITH NO WARRANTIES EXPRESS OR IMPLIED, UNLESS SPECIFICALLY STATED. 12. PROPERTY INCLUDED IN THE SALE IS THE REAL ESTATE ONLY OR AS LISTED IN THE PROPERTY DESCRIPTION. UNLESS SPECIFICALLY LISTED, NO PERSONAL PROPERTY WILL TRANSFER WITH THE SALE OF THE REAL PROPERTY. 13. BUYER'S PREMIUM: A FIVE PERCENT (5%) BUYER'S PREMIUM WILL BE CHARGED TO THE BUYER AND WILL BE COLLECTED AT THE TIME OF CLOSING. A CONTRACT FOR THE WINNING SALES PRICE AND A SEPARATE CONTRACT FOR THE BUYER'S PREMIUM WILL BE SIGNED DAY OF AUCTION BY THE WINNING BIDDER. 14. DOWN PAYMENT: THE 10% DOWN PAYMENT WILL BE PAYABLE TO SMITH TITLE & CLOSING. PAYMENT SHALL BE MADE BY DIRECT WIRE TRANSFER IF WINNING BID IS ON-LINE OR A CHECK IF WINNING BID IS ON-SITE. 15. REAL ESTATE TAXES: ALL 2021 AND PRIOR REAL ESTATE TAXES WILL BE PAID BY THE SELLER, 2022 TAXES WILL BE PRO-RATED TO THE DAY OF CLOSING. 16. CLOSING - CLOSING WILL TAKE PLACE AT THE OFFICE OF SMITH TITLE & CLOSING, 101 N. RANDALL, ELK CITY, OK 73644. 17. PAYMENT OF COST OF SELLER: IT IS UNDERSTOOD AND AGREED BETWEEN THE PARTIES THAT THE SELLER SHALL ASSUME AND PAY, IN ADDITION TO THEIR PRO-RATE SHARE OF THE TAXES: (A) THE COST OF AN ABSTRACT(S) OF TITLE UP TO DATE; (B) THE COST OF PREPARATION OF DEED(S); (C) THE COST OF AFFIXING REVENUE STAMPS TO THE SAID DEED(S); (D) THE COST OF AUCTIONEER'S COMMISSION AND ADVERTISING; (E) THE COST OF ONE-HALF OF THE CLOSING AGENT FEE. 18. PAYMENT OF COST OF BUYER; (A) THE COST OF TITLE OPINION OF THE AFORESAID ABSTRACT OF TITLE; (B) THE COST OF THE TITLE INSURANCE POLICY, IF REQUIRED (OWNER'S AND/OR LENDER'S) (C) THE COST OF RECORDING THE AFORESAID DEED(S); (D) THE COST OF ALL FEES RELATED TO ANY LOANS WHICH MIGHT BE OBTAINED TO PURCHASE REAL ESTATE; (F) THE COST OF THE SURVEY, IF REQUIRED BY LENDER; (G) THE COST OF ONE-HALF OF THE CLOSING AGENT FEE. 18. CLOSING WILL BE SET BY SMITH TITLE AND CLOSING ONCE ALL ABSTRACTING, TITLE OPINION AND DEFECTS TO THE TITLE ARE ALL CORRECTED AND BANK HAS COMPLETED ALL PAPERWORK FOR LOAN IF APPLICABLE. 19. POSSESSION OF PROPERTY WILL BE GIVEN AT CLOSING. 20. THE SUCCESSFUL BIDDER SHALL EXECUTE A "REAL ESTATE PURCHASE CONTRACT" FOR THE PROPERTY IMMEDIATELY AFTER BEING DECLARED THE SUCCESSFUL BIDDER BY THE AUCTIONEER. 21. EACH POTENTIAL BIDDER IS RESPONSIBLE FOR CONDUCTING AT THEIR OWN RISK, THEIR OWN INDEPENDENT INSPECTIONS, INVESTIGATION AND DUE DILIGENCE CONCERNING THE PROPERTY. 22. GRANT'S AUCTION & REALTY AND THEIR REPRESENTATIVES ARE EXCLUSIVE AGENTS OF THE SELLER. THERE IS NO BUYER'S AGENCY. THERE IS NO DUTY FROM THE AUCTIONEER TO THE BUYER. 23. ALL ANNOUNCEMENTS MADE UP TO THE FINAL CLOSE OF THE AUCTION BIDDING TAKE PRECEDENCE OVER ALL ADVERTISING, ORAL OR PRINTED MATERIAL. 24. THE BIDDER WAIVES ANY CLAIMS AGAINST THE SELLER; AND THE AUCTIONEER, HIS AGENTS, EMPLOYEES OR ASSIGNS, FOR A FAILURE OF THE ELECTRONIC BIDDING TECHNOLOGY IN ANY MANNER, INCLUDING THE FAILURE OF THE SYSTEM TO ACCEPT, PROCESS OR REGISTER TO BID. 25. DISCLAIMER - BIDDERS ARE ADVISED TO INDEPENDENTLY VERIFY ALL INFORMATION THEY DEEM IMPORTANT. EACH PROPERTY IS BEING SOLD "AS IS WHERE IS" AND WITH "ALL FAULTS" WHETHER KNOWN OR UNKNOWN, PRESENTLY EXISTING OR THAT MAY HEREAFTER ARISE. THE SELLER AND AUCTIONEER HAVE NOT MADE, DO NOT MAKE AND WILL NOT MAKE, AND HEREBY DISCLAIM ANY REPRESENTATION OR WARRANTY, WHETHER EXPRESSED OR IMPLIED OR STATUTORY, WHETHER ORAL OR WRITTEN, WITH RESPECT TO THE PROPERTY, INCLUDING WITHOUT LIMITATION, ANY WARRANTY AS TO ITS VALUE, CONDITION, ACREAGE, SQUARE FOOTAGE, STATE OF REPAIR, STRUCTURAL INTEGRITY, HABITABILITY, SUITABILITY, MERCHANTABILITY, MARKETABILITY, OPERABILITY, VISIBILITY, ZONING OR SUBDIVISION REGULATIONS, MINERAL RIGHTS, ENVIRONMENTAL CONDITION OR FITNESS FOR A PARTICULAR USE OR PURPOSE. NO GUARANTEES ARE GIVEN AS TO THE AVAILABILITY OF UTILITIES OR ACCESSES, THE PERMITTED OR ALLOWABLE USE OF THE PROPERTY. BUYER AGREES TO TAKE FULL RESPONSIBILITY OF INVESTIGATING THE PROPERTY AND NOT RELY ON ANY INFORMATION PROVIDED OR TO BE PROVIDED BY SELLER OR BROKER OR AUCTIONEER. BUYER FURTHER ACKNOWLEDGES AND AGREES THAT ANY INFORMATION PROVIDED BY OR ON BEHALF OF SELLER WITH RESPECT TO THE PROPERTY INCLUDING, WITHOUT LIMITATION, ALL INFORMATION CONTAINED IN ANY PROPERTY INFORMATION PREVIOUSLY MADE AVAILABLE TO BUYER BY SELLER AND BROKER WAS OBTAINED FROM A VARIETY OF SOURCES AND THAT SELLER AND BROKER AND AUCTIONEER HAVE NOT MADE ANY INDEPENDENT INVESTIGATIONS OR VERIFICATION OF SUCH INFORMATION AND MAKE NO REPRESENTATION AS TO THE ACCURACY OR COMPLETENESS OF SUCH INFORMATION. 26. NEITHER THE SELLLER, ITS ATTORNEYS, ANY BROKER, NOR THE AUCTIONEER, SHALL BE LIABLE FOR ANY RELIEF INCLUDING DAMAGES, RESCISSION, REFORMATION, ALLOWANCE OR ADJUSTMENTS BASED ON THE FAILURE OF THE PROPERTY INCLUDING BUT NOT LIMITED TO, AMOUNT OF ACREAGE, SQUARE FOOTAGE, ZONING, AND ENVIRONMENTAL CONDITION TO CONFORM TO ANY SPECIFIC STANDARD OR EXPECTATION, OR ANY THIRD-PARTY DOCUMENTS OF INFORMATION. 27. AUCTIONEER'S AGENCY DISCLOSURE; THE AUCTIONEER IS ACTING AS THE AGENT FOR THE SELLER AND HAS COMPLETED A SEPARATE AGREEMENT WITH THE SELLER. FOR ANY MORE INFORMATION OR QUESTIONS CONTACT GRANT'S AUCTION & REALTY - MIKE GRANT @ 580-821-1186 OR CINDY GRANT @ 580-821-1738

LIVE ON-SITE & ON-LINE PUBLIC AUCTION - SATURDAY, SEPTEMBER 10, 2022 - 10:00 AM, 1 NORTH COVEY, SAYRE, OKLAHOMA - 4 BEDROOM, 3 1/2 BATH BRICK HOME. TRACT #1 - 1 NORTH COVEY, SAYRE, OK LEGAL DESCRIPTION: LOT 1 IN BLOCK 1 OF THE QUAIL RIDGE ADDITION TO THE TOWN OF SAYRE, BECKHAM COUNTY, OK. SELLING SURFACE RIGHTS ONLY. TRACT #2 - 122 WEST MAIN STREET, SAYRE, OK LEGAL DESCRIPTION: LOTS 9 AND 10 IN BLOCK 48 OF THE ORIGINAL TOWN OF SAYRE, BECKHAM COUNTY, OK. SELLING SURFACE RIGHTS ONLY.