ProTEAM™ Auction (Office) 1715-A Garden Village Drive White Pine, TN 37890 865.674.7002 bid.proteam-realestate.com This auction is based on Seller's Confirmation, which means if you are the highest bidder, ProTEAM Real Estate will reach out to the seller and convey your highest bid. The Seller chooses to accept that bid or refuse the bid. You will be notified of the seller's decision and invoiced accordingly. As the winning bidder, you will be notified same day as auction closing. ProTEAM™ Auction General Terms & Conditions A NON-Refundable 10% Buyer's Premium due no later than Tuesday, August 22nd by 2pm (ET). Property MUST BE CLOSED within 30 days of auction date close. All payments must be made in US funds by Cash, Wire Transfer, Cashier’s Check, Company or Personal Check (ONLY WHEN ACCOMPANIED BY A BANK LETTER OF GUARANTEE). All payments made by this date, close on property on or before 30 days of sale date. ProTEAM™ Auction Order of Sale Items will be sold in numerical order. ProTEAM™ Auction Terms: A non-refundable 10% buyer’s premium will be collected from onsite bidders on all items. Please provide proof of funds to be allowed to bid. We are available for questions regarding this at 865-674-1551. Your Credit Card Will Be Required to Bid, A $250 Pre-Authorization Charged to Card on File. The money will NOT be collected and put towards purchase price. A 10% payment must be paid in full No later than Tuesday, August 22nd by 2pm (ET) by cash (US Funds) wire transfer, cashier’s check, personal or company check if accompanied by a bank letter of guarantee. Debit/Credit cards are accepted up to $3,500.00 for a 3% convenience fee. Once an item has been sold, it becomes the sole responsibility of the purchaser. No items are to be removed until complete settlement has been made. Settlement can be made at any time during the sale. However, settlement must be made NO LATER THAN Tuesday, August 22nd by 2pm (ET). The invoice and a paid item receipt will be supplied to the purchaser at the time of settlement. Please make checks payable to ProTEAM™ Real Estate “All Sales are Final.” OWNER MUST SELF-INSURE FROM THE TIME THAT THE GAVEL FALLS. ProTEAM™ Auction Registration By registering as a bidder and/or participating as a bidder at the auction sale, each bidder is bound by the terms and conditions set forth herein and otherwise announced at the time and place of the auction sale and agrees that such terms and conditions are binding on the bidder whether or not the bidder was present and/or heard such announcements. The bidder agrees that the auctioneer is in control of the conduct of the auction sale and has the right to accept or reject any bid by any bidder at the auction sale in the sole discretion of the auctioneer as to whether or not any bid is in conformity with the terms and conditions of the sale as advertised and announced prior to sale. Further, auctioneer may refuse to accept a bid whenever in his sole discretion it is not made in good faith or whenever the bidder appears to be adversely affected by some incapacity or influence at the time of sale. All persons must be registered to bid, and all will be identified by number to facilitate the speed of the auction. ProTEAM™Auction Tie Bids Auctioneer will rule in case of “tie” bid. In the event of a tie bid or any uncertainty as to which bidder placed or offered the last and highest bid at any sale, the auctioneer has a right to resolve any such issue at the time of sale by accepting the bid that the auctioneer believes in good faith was the last, highest, and best bid, or the auctioneer may reopen the bidding, at his sole discretion and option, and such decision shall be final and binding on any affected party or bidder. ProTEAM™ Auction Sales Tax All items are subject to state and local tax law. This will be settled at time of closing. ProTEAM™ Auction Methods of Payment a non-refundable 10% is due the day of the sale. Proof of funds must be sent to zach@proteam-realestate.com. Please call our office to discuss at 865-674-1551. Property must close 30 days on/or before the auction date. All purchases are to be paid in full in U.S. funds on the day of the auction in BANK WIRE, CASH, or CASHIER’S CHECK (Company OR Personal checks only when accompanied by a bank guarantee letter. No exceptions.) The purchaser shall not be entitled to possession on any part or parts of any of his purchases until the total purchase price of all his purchases has been fully paid. ProTEAM™ Auction Notice to Inspect Inspection of property can be made BY APPOINTMENT ONLY. Auctioneer presents all information in brochures, catalogs, and other advertisements from sources believed to be accurate. These are not representations of the auctioneer. Therefore, prospective buyers are urged to inspect the items to their own satisfaction. All items are available for public inspection and the foregoing are merely guides. Any condition set forth on any item is in no way a warranty or guarantee - actual or implied. ProTEAM™ Auction Online Bidding Terms As-Is. Where is with no warranties implied or expressed. No allowance refund or set aside, will be made on account of any incorrectness, error in cataloging, imperfection, defect or damage by seller or it’s agent ProTEAM™ Auction. Any descriptions or representations are for identification purposes only and are not to be construed as a warranty of any type. It is the responsibility of buyer to have inspected thoroughly the items and to have satisfied himself or herself as to its condition and value. They should then bid based on that judgment solely. All property is sold “As Is,” and all sales are final. Property is open to thorough public inspection. It is the bidder’s responsibility to determine condition, age, genuineness, value or any other determinative factor. ProTEAM™ may attempt to describe the property in advertising, on the Internet and at the auction but makes no representations. In no event shall ProTEAM™ Auction be held responsible for having made or implied any warranty of merchantability or fitness for a particular purpose. Bidder shall be the sole Judge of Value. Bidders who bid from off site, preview understand and acknowledge that they may not be able to inspect an item as well as if they examined it in person. It is the bidder’s responsibility to determine condition, age, genuineness, value or any other determinative factor. ProTEAM™ Auction shall endeavor to describe in detail each item and any pertinent information about it. ProTEAM™ Auction will not be responsible for any errors or omissions in the description of the property or structures. Bidder agrees that everything is sold “As Is” and that they may not return any item they purchase. ProTEAM™ Auction is providing Internet pre-auction and timed bidding as a service to bidder. Bidder acknowledges and understands that this function may or may not function correctly the day of the auction. Under no circumstances shall bidder have any kind of claim against ProTEAM™ Auction or anyone else if the Internet service fails to work correctly before or during the live auction. ProTEAM™ Auction will not be responsible for any missed bids from any source. Internet bidders who desire to make certain their bid is acknowledged should use the Online Bidding feature and leave their maximum bid 24 hours before the auction begins. ProTEAM™ Auction reserves the right to withdraw or re-catalog items in this auction. Payment for your purchases should be made within TWO (2) days if Bidding Online. If payment is not made when you bid online by Tuesday,August 22nd (ET) you will be reported to the online bidding platform as a non-paying bidder. The items will not be released for pickup until we have received payment in full. All Internet bidders who fail to make payment on these Internet purchases within (TWO) business days will be reported to online bidding platform as a “Non-Paying Bidder” and will be prohibited from registering for any additional Internet auctions until payment is rendered. Our payment options are Cash, Check (ONLY when accompanied by a Bank Letter of Guarantee). NO EXCEPTIONS or Certified check, wire transfer. A wire transfer fee of $15 is required when using this payment option. International Wires are $75. ProTEAM™ Auction Safety Devices Articles purchased may not incorporate approved activating mechanisms, operating safety devices, or safety guards as required by law. It is purchaser’s responsibility that articles purchased be so equipped and safeguarded to meet OSHA and any other requirements before placing such articles into operation. ProTEAM™Auction Warranties Except for the representations and warranties of seller as to properties shall be sold to buyer by seller “As Is, Where is” without any other representations and warranties, whether written, oral, or implied, and seller shall not by virtue of having sold the property, be deemed to have made any representation or warranty of property- all of which are expressly disclaimed.