TERMS AND CONDITIONS 94 Minnehaha Boulevard – Lake Hiawatha, NJ 07034 A. The real property is to be sold at auction to the highest bidder, on THURSDAY APRIL 11, 2024, AT 1:00 PM. The property will be sold with a nominal opening bid of $200,000 with the final price subject to acceptance & approval by the administrator of the estate. Notice of acceptance shall be given within 24 to 48 hours unless additional time is required by the administrator. Bidding will be made in increments determined by the auctioneer. A 6% buyer’s premium will be added to high bid price, the total of the high bid plus the buyer’s premium will become the purchase price. B. Bidding: In order to register to bid you must post a $25,000.00 deposit in certified or bank check made out to AP Natoli & Co Auctioneers, LLC. At the conclusion of the bidding a full 10% down payment is required along with a signed purchase contract from the successful bidder. The balance, if any, of the 10% down payment may be made in personal or business check. Property sold “AS IS” free and clear of all liens, clear title guaranteed. C. The balance of the purchase price, together with the net amount of any adjustments and changes shall be paid by certified check, cashier’s check, or treasurer’s check at time of closing. Closing shall take place within 30 days after the approval at the office of the estate administrator. Liens if any shall be paid by the seller at closing. Time is of the essence. D. Title to said property shall be conveyed by Bargain & Sale Deed which shall be delivered in recordable form. The purchaser shall pay for the recording of the deed. E. The contract is not subject to an attorney review and is legally binding upon signing. There are no contingencies whatsoever in regard to the contract. Contract available for review on web, under “documents” when available. Property may be withdrawn from the auction without notice. F. If the purchaser fails to appear at the closing of title or shall appear and refuses to close at the time and place fixed by the parties or shall fail to comply with any of the terms and conditions of the purchase contract the Auctioneer at his option may declare the purchaser in default and retain all money paid as liquidated damages. G. In the event the owner is unable to convey title, the successful bidder shall be entitled only to the return of his/her deposit and the parties shall be mutually released from all of their obligations under the contract of sale. H. The purchaser shall be required to accept the property in its “AS IS” condition on the date of the auction. Purchaser is responsible for all certificate of occupancy and any other required inspections, fees or permits. I. Real Estate taxes shall be apportioned at the closing of title. J. Oral statements made at or before the time of the auction and statements made in any sales brochures, sale catalogue or advertisements in connection with the sale pertaining to location, zoning, taxes, condition, titles, surveys, etc. of the property are for information only and should be verified by the purchasers. Purchasers will be bound by any statement of facts disclosed in current tax maps, zoning maps and ordinances, building restrictions, surveys and other data pertaining to the property. K. Seller has neither employed nor hired any Agent, Auctioneer or salesmen except for AP Natoli & Co Auctioneers, LLC, Jennifer Pentz, Broker of Record, NJ R.E. Lic. 9806435 & Anthony Natoli, Auctioneer, NJ R.E. Lic. 9697136 L. This sale is for the real estate only. It does not include any personal property whatsoever. However, any personal property left and remaining after the closing, becomes the sole responsibility of the purchaser. REALTOR PARTICIPATION TERMS ALL REALTORS MUST REGISTER THEIR CLIENTS IN PERSON DURING THE PREVIEWS OR ON THE DAY OF THE AUCTION. BROKERS MUST FILL OUT THE BROKER/CLIENT REGISTRATION FORM PRIOR TO THE AUCTION. THE REALTOR AND THEIR CLIENT MUST ABIDE BY ALL AUCTION TERMS AND CONDITIONS OF SALE. THE SELLER WILL PAY THE REALTOR A 2% COMMISSION BASED ON THE HIGH BID PRICE, NOT INCLUDING THE BUYER’S PREMIUM IF THAT HIGH BID PRICE AND CONTRACT IS ACCEPTED BY THE SELLER AND THE TRANSACTION CLOSES. ALL COMMISSIONS ARE PAYABLE AT CLOSING.

REAL ESTATE AUCTION

BY ORDER OF ROBERT W. ALLEN. ESQ.

THE ESTATE OF JOHN JAMES RILEY

$200,000.00 OPENING BID