REAL ESTATE TERMS and REGISTRATION 1) 10% buyer’s premium to be charged (10% of the final bid will be added to the final bid to determine the contract price) 2) 10% nonrefundable down payment day of sale with the balance due within 45 days of sale, possession given at closing. 3) Proof of funds for CASH sale from lending institution or construction loan approval letter must be presented along with property sales packet prior to any bid being accepted. 4) Property sells with no warranties implied or expressed, buildings are sold “AS IS” and ABSOLUTE to the highest bidder. 5) No financing or other contingencies. 6) Buyer is responsible for any and all inspections prior to sale. 7) Sellers to transfer if owned, mineral rights. 8) Title: Title will be supplied by seller at seller’s expense giving marketable title subject to restrictions of record. 9) Taxes pro-rated per local method. 10) BUYER MUST BE PRESENT TO BID AND SIGN SALES CONTRACT, NO EXCEPTIONS. 11) Property sells subject to all articles of record. 12) All property dimensions are only approximations. 13) All information is derived from sources deemed to be accurate, but not guaranteed. 14) Disclaimer: Buyers shall rely entirely on their own judgment and inspections of property records. 15) Agency: Auctioneer and its agents are sellers agents. 16) All Real Estate Agents representing buyers must submit property packet / registration 48 hours prior to sale. Packet and registration can be faxed to 888-6417-0875 or emailed to Audrey@HeritageRealtyS.com 17) Announcements day of sale take precedence over all previous advertising and statements. 18) All bids are subject to acceptance by the auctioneer. No bid shall be deemed a valid bid until accepted by the auctioneer. All bids are accepted at the sole discretion of the auctioneer. 19) If you are the successful bidder, you agree to pay the amount of your bid plus all taxes, and premiums in accordance with all written or oral terms and conditions of the auction. 20) Neither the company providing the software nor the auction company shall be held responsible for a missed bid or the failure of the software to function properly for any reason. 21) All bids shall be deemed pending until duly accepted by the auctioneer. 22) The auctioneer has the sole discretion to advance the bidding and may reject any and all bids which, in the auctioneer’s sole discretion, don not advance and / or are injurious to the auction, including but not limited to nominal, suspicious and/or suspect advances. 23) The auctioneer shall have sole discretion in deciding the successful bidder in the event of a bidding dispute. Auctioneer’s determination of the successful bidder shall be the final determination of the successful bidder. 24) By placing a bid, you agree to all of the Terms and Conditions which may be set forth by each individual Auction Company and expressly acknowledge and affirm that you have read and are familiar with the terms and conditions of each individual auction company involved as well as these terms and conditions. 25) All sales are final upon the determination of successful bidder by the auctioneer. 26) By placing a bid, you acknowledge that your bid is a legally binding offer to purchase the item or property being auctioned. 27) Time is of the essence. 28) The successful purchaser agrees to pay any and all reasonable attorneys fees and costs incurred by the auction company, the seller and/or their servants, agents or employees in the commencement or defense of any actions hereunder as well as in the collection of any obligations hereunder. 29) There shall be no returns or exchanges. All property is sold “AS IS”. It is the bidder’s responsibility to determine the nature, condition and state of title of each item purchased. 30) Venue and jurisdiction of all disputes. Any and all disputes which may arise by virtue of the auction sale or stemming from this auction sale shall be in the State Court of Common Pleas in Licking County, Ohio. 31) Choice of Law: The law of the State of Ohio shall govern the interpretation of any and all disputes or other matters relating to the subject sale and/or stemming from this auction. 32) Bidder acknowledges that no relationship of any nature or type, agent, employee, independent contractor or otherwise, is created between bidder and auctioneer, affiliated auction companies, affiliated software companies and/or any servant, agent or employee of the same by bidder’s participation in this auction. 33) Disclaimer of warranties: There are no understandings, agreements, representations or warranties, expressed or implied not specified herein, respecting the contract or the item or property sold hereunder, including but not limited to the merchant ability or fitness for a particular purpose. 34) I agree to receive emails from Heritage Realty Solutions regarding upcoming auctions.