AUCTION TERMS & CONDITIONS REAL ESTATE Method of Payment: A non-refundable earnest money deposit in the amount of Ten Percent (10%) of the purchase price will be required the day of sale with the balance due the day of final closing. Closing to be within 30 days of the auction. This real estate is being sold for cash and your bidding is not contingent upon financing. Have your financing prearranged prior to auction day. Acceptance of Bid: Successful bidder will be required to enter into a purchase agreement immediately following auction at the site. The property will sell subject to confirmation of the Seller. Title: Seller will provide buyer with a commitment of title insurance in the amount of the purchase price insuring the transfer and marketability of title. Seller will provide buyer with a fully executed General Warranty Deed conveying title to the buyer. The closing fee charged by Metropolitan Title Company shall be split 50:50 between the Buyer and Seller. Taxes: Taxes will be prorated to the day of final closing. Possession: Day of final closing. Survey: The Seller will not provide the Buyer with a survey. If Buyer or Buyers lender requires a survey it will be at the sole expense of the Buyer. The need for a survey shall not be a condition to closing. Agency: The Steffen Group Inc. is acting as the exclusive agent of the seller. Property Disclosure: This property is being sold as-is and where is with no warranty being expressed or implied as to the physical condition, specific zoning or available permits by the Seller, Auction Company or its Agents. The Buyer shall conduct his or her own investigation of the property and bid accordingly. Statements made the day of the sale take precedence over any and all printed material. Disclaimer and Absence of Warranties: All information contained in the brochure and all related materials are subject to the terms and conditions outlined in the purchase agreement. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer.