Auction Terms & Conditions – Carter Crossings, 663 Denver Lane, 512 Denver Circle, 559 Denver Circle, Bowling Green, KY 42103   Real Estate:   1) DESCRIPTION: The properties being sold is described as: New Home Construction Homes located in Carter Crossings Subdivision Bowling Green, KY 42103, described in (Sale #1) Deed Book 1253, Page 598 (Sale#2) Deed Book 1253 Page 592, (Sale #3) Deed Book 1258 Page 150 Warren County, KY Clerk’s office.   2) BIDDER REGISTRATION: ON SITE & ONLINE AUCTION. This property is being sold at auction by ON SITE & ONLINE AUCTION ONLY. In order to bid on this property, each bidder must register to bid at: www.vettecityrealestateandauction.com. Each bidder will receive a bidder number and each bidder must supply a valid credit card for registration purposes. By your registration to bid, you have indicated your ability to purchase, make your earnest money deposit immediately as required and close on or before the date stated in the terms and conditions. The bidder accepts full responsibility for the bidder number and makes all attempts to prevent abuse of the bidder number and prevent any use of the bidding services by a minor or any other unauthorized party under the bidder's name or account. Vette City Real Estate & Auction Co. LLC reserves the right to refuse to register any person for any auction. The bidder agrees any bid submitted using the on-site or online bidding services shall constitute a FIRM offer to purchase and shall not be canceled or retracted for any reason. The conduct of the auction and increments of bidding are at the direction and discretion of Vette City Real Estate and Auction Co. LLC, and their auctioneers. Vette City Real Estate and Auction co. LLC and their auctioneers have the right to preclude any person from bidding and/or to reject any bid if there is any reason as to: 1) The credentials of the person attempting to bid 2) whether the bid is made in good faith, and/ or whether the bid is otherwise made in accordance with all applicable laws, terms, conditions and restrictions. All decisions of Vette City Real Estate and Auction Co. LLC and their auctioneers are final. All bids and payments must be made in U.S. currency. IF YOU NEED ASSISTANCE WITH REGISTRATION TO BID, OR DO NOT WISH TO BID ONLINE PLEASE CALL Lloyd Ferguson (270)792-6275 or Tom Griffin (931)320-0253 and we will be glad to assist!  BIDDER REGISTRATION DEPOSIT: Vette City Real Estate & Auction Co. LLC requires a $1,000.00 registration deposit by Credit Card prior to bidding in order to participate in this REAL ESTATE AUCTION. The $1,000.00 is NOT CHARGED, it is a deposit that is held by your Credit Card Company up to 7 days. The $1,000.00 is charged only if you make purchases during an auction. If you do not make a purchase, you will not be charged. This is a separate transaction and will have no charges against your account. This however may show up as a pending transaction on your account. This is an Industry Standard Practice among Internet Auctions.   3) AUCTION METHOD: ON SITE & ONLINE – www.vettecityrealestateandauction.com    4) BUYERS PREMIUM: A 7% (Seven percent) Buyer’s Premium will be added to the highest bid to determine the Real Estate Contract price.   Example as follows:   High Bid:                         $100,000   Buyer’s Premium (7%)       $7,000   Purchase Contract Price $107,000   5) AGENCY: The auction company and its representatives are representing the seller.   6) EARNEST MONEY DEPOSIT: A 10% earnest money deposit of the real estate contract price is required with the signing of the Real Estate Purchase Contract. The earnest money deposit will be held in their Escrow deposit account of Vette City Real Estate and Auction Co. LLC.  Example as follows:   High Bid:                                 $100,000   Earnest Money (10%)             $10,000   Purchase Contract Price        $110,000   Escrow Deposit (10%)              $11,000 Required with signing of Purchase Contract   7) PURCHASE CONTRACT: The winning bidder will be required to sign and agree to the Terms and Conditions of the Real Estate Purchase Contract. The terms and conditions of the Purchase Contract are non-negotiable and any failure or refusal to immediately sign the Purchase Contract will be a violation of the bidder agreement, and the auction company and seller shall be entitled to all remedies available including without limitation monetary damages. The terms of the signed contract shall govern the sale and shall supersede all prior communications, negotiations, discussions, representations, brochures, or any other information regarding the real estate, regardless of when the communication or material was made, including without limitation these Terms & Conditions. This property is being sold subject to seller confirmation and acceptance of the highest bid.   8) TITLE: The seller will furnish an unencumbered warranty deed free and clear of any liens. A title opinion will be the expense of the buyer. Should the buyer want title insurance, it will be the full responsibility and expense of the buyer.   9) FINANCING: This auction sale is not contingent upon the buyer obtaining financing. All financial arrangements are to have been made PRIOR TO BIDDING at the auction. By the mere act of bidding, the bidder makes a representation and warrants the bidder has the ability to pay the contract price and perform the contract.  10) CLOSING: This auction sale closing shall occur on or before June 30, 2023, at a location agreeable to both the seller and buyer. The balance of the purchase price will be paid at closing in the form of a certified check or wire transfer satisfactory to the closing agent. Except as otherwise provided in the contract, the seller shall pay for the deed preparation and deed tax. Any loan or financing fees shall be paid by the buyer. All other closing costs to be paid by the buyer at closing.  11) PROPERTY TAXES: Payment of the 2023 property taxes shall be prorated between the seller and buyer to date of closing.   12) POSSESSION: Possession of the real estate will be delivered at closing.   13) SURVEY: The Buyer has the option (at their expense) to survey the property. The Property will be sold per deed of record at the Warren County Court Clerk’s office.   14) DUE DILIGENCE and INSPECTIONS: Each potential bidder is responsible for conducting, at their own risk, any independent inspections, investigations, inquiries, and due diligence concerning the real estate PRIOR TO BIDDING. The purchase contract and sale are not contingent upon any inspections, appraisals, financing, or any other contingencies. Each potential bidder shall be responsible for any property damage caused by any inspections or investigations. Any invasive testing is prohibited without prior written consent of the seller. The real estate is being sold subject to restrictions and easements recorded or unrecorded. Any declarations of covenants, easements, bylaws, association bylaws, leases, plats and restrictions will apply, including but not limited to federal, state or local laws and zoning regulations and requirements. Real Estate is being “SOLD AS IS, WHERE IS” with faults, and without any warranty or guaranty to the quantity, quality, character, conditions, surface or subsurface, size or kind, covenants, easements, regulations, restrictions, mineral rights, or any specific purpose or use of the property. 15) DISCLAIMERS: As a material part of consideration for your access to online bidding services, you acknowledge and agree: Vette City Real Estate & Auction Co. LLC cannot and does not guarantee uninterrupted or secure access to online bidding services or Vette City Real Estate & Auction Co. LLC website or bidder information, auction registrations and bids will be transmitted or received in a timely fashion. Bidder agrees to hold Vette City Real Estate Co. LLC harmless for any interruptions in online bidding or your inability to access or effectively use online bidding services or Vette City Real Estate & Auction Co. LLC website.