Terms and Conditions of Real Estate Sale 1. The property and any personal assets sold at the auction will be sold “AS-IS, WHERE-IS.” The property is being sold without any warranties of any kind, regarding the physical property and the assets. 2. ALL SALES AT THE AUCTION ARE SUBJECT TO A 10% BUYERS PREMIUM, ADDED TO THE HAMMER PRICE. 3. The bidder agrees that any suit or legal proceeding regarding the auction, will take place in the State of Florida, Orange County. Registration of the auction and 4419 Parkbreeze Court, Orlando, FL 32808 | Cellular 407-468-8285 | www.RapidOrlando.com Real Estate #SL3451043, Auctioneer #AU4886, Auction Business #AB3793 any transactions from the auction, are enforceable by the State of Florida. 4. The bidder (and its agents) agree to hold harmless the auctioneer, the realtor, the broker, its employees, etc. from any loss, damages, etc. to the property or any items purchased at the auction. The release includes any acts of negligence or fault and/or the fault of others, including third parties. 5. The bidder agrees to personally guarantee payment of the successful hammer price that will be paid to the seller and the buyer’s premium of an additional 10% of the hammer price to the auctioneer. If for any reason that the bidder fails to close on the property the full deposit will be forfeited and any additional monies/losses will be owed to the seller and auctioneer, immediately. 6. The bidder acknowledges that the closing of the property MUST take place on or prior to September 22, 2020. The bidder also acknowledges that all of the closing cost (except what is required to be paid by the seller) will be paid by the bidder/buyer, to include survey, doc stamps on the deed, title search, title insurance, etc. 7. If the auctioneer and/or seller are forced to take action against the bidder, any and all court fees, attorney’s fees and additional litigation fees, will be paid by the bidder, per this agreement. 4419 Parkbreeze Court, Orlando, FL 32808 | Cellular 407-468-8285 | www.RapidOrlando.com Real Estate #SL3451043, Auctioneer #AU4886, Auction Business #AB3793 8. The bidder waives the right to a trial by jury regarding any litigation by agreeing to the auction registration and the terms and conditions. 9. Identification to bid has been collected the bidder agrees that they have authorization to bid. 10. The bidder has had the opportunity, prior to the auction to inspect the property and agrees that if they have not fully inspected that they waive this opportunity and agree to still bid under the “as-is, where-is” acknowledgement.