Live Onsite Real Estate Auction www.reallivingauction.com Date: May 31, 2018 at 1:00 pm Preview & Registration 12:00 pm Auction Location: 21 North Ardmore St., Pontiac, Michigan, 48342 Minimum Bid Auction $35,000.00 Broker: Real Living Kee Realty, 210 W. University, Rochester Mi 48307, 248-651-1200 Executive Auctioneer / Realtor: Ray Krakowski, CAI, AARE, GPPA, PRI Contact: C 810-338-4394, O 248-651-1200, F 248-601-5557, EMAIL ray@auctioneeratlarge.com Terms & conditions: 1) House to be sold “as is”. Without any guarantee or warranty by seller. 2) Seller to furnish purchaser with a Policy of Owner’s Title Insurance. 3) Seller will not be responsible for any repairs or inspection requirements. 4) Buyer to assume all repairs as per municipal codes. 5) Buyer to obtain Certificate of Occupancy. 6) No contingency for inspection. 7) No contingency for financing. 8) $5000.00 deposit required to register to bid, high bidder’s deposit becomes Earnest Money Deposit. 9) You must provide a cashier’s check, certified check or money order Payable to yourself. If you are the successful bidder you will endorse the funds over to Kee Escrow Service, Inc. 10) Buyer will immediately sign an “Auction Purchase Agreement” to purchase the property upon completion of the auction. 11) 10% Buyers Premium(BP) will be added to the high bid to establish final sale contract price. 12) Back up bidder will have the opportunity to purchase the property, if the high bidder does not complete the sale. 13) Announcements day of auction supersede written terms. 14) By signing the Auction Registration, you as the successful bidder agree to the terms and conditions slated herein. This document is a part of the non-contingent Purchase Contract of sale for property being offered at Auction this date. This is a public offering, open to all. 15) CO-OP 3% for buyer’s agent with terms: Agent MUST register with buyer, Agent MUST attend live auction with client, Client must not be on auctioneers advertising data base. 16) Auctioneer is acting as a seller’s agent. 17) All disclosures are available at the registration, and in the bidder package, and in MLS. 18) All sizes & dimensions not guaranteed, to be verified by buyer. REAL ESTATE AUCTION TERMS & CONDITIONS - Full 1) Registrations & Deposits: Although there is no obligation to bid, all prospective buyers must register in order to bid at the Auction Sale. You must provide a cashier’s check, certified check or money order payable to yourself in the amount stated in the terms & conditions as posted / advertised for each property. If you are the successful bidder you will endorse the funds over to the real estate broker for deposit into his escrow service account. These funds will be returned at the successful closing of said property which shall occur within thirty (30) days of the Auction or the time specified in the terms & conditions as posted / advertised. 2) Auction Type: Properties may be offered through any of the following Auction methods. The auctioneer reserves the right to withdraw any property from the Auction, up to the start of the Auction, without penalty including Absolutes. (A) Absolute Auction – The property will be sold to the highest bidder regardless of price. (B) Minimum Bid – The property will be sold to the highest bidder at or above the published price. (C) Reserve/Seller Confirmation – The seller has the right to accept or reject the highest Bid. 3) Conditions of the Auction: The Auctioneer’s decision is final in the event of a dispute over any Auction matter. The Auctioneer reserves the right to accept bids in any increments he feels are in the best interest of his clients and reserve the right to wave any previous printed or announced requirements. All auction day announcements by the Auctioneer supersede any printed material or any other Auction statements made previously. The auctioneer reserves the right to bid on behalf of any buyer. All Auction sales contracts will be presented to the seller for approval. The Auctioneer reserves the right to withdraw any property including Absolute Sales from the Auction without penalty. Auctioneer may elect to cancel the Auction without penalty if Auctioneer believes that outcome will not be in the Seller’s best interest. If seller is not present, the Auctioneer may elect to start or cancel the Auction without penalty. The auctioneer shall be held harmless by buyer and seller should the property fail to go to a successful settlement for any reason. The seller, Auctioneer and its agents shall not be held liable for any errors or omissions regarding Auction property. Buyer assumes responsibility to check with the appropriate authority/authorities regarding the property’s zoning and current or future intended use as well as any restrictions or covenants affecting the property. Bidder(s) have the right and should examine the applicable county master plan and any municipal land use plans and maps for the area in which the property is located prior to bidding. The seller, Auctioneer and agents assume no responsibility for the information contained in said plan(s) and assumes no liability for failure by buyer to review the plans. The contract will not be contingent upon bidder(s) review of such plans. Auctioneer complies with all federal, state and local laws regarding the buying and selling of property. 4) Buyer’s Choice: Property with multiple addresses at the same Auction may be sold by the Buyer’s Choice method. The winning bidder in each Auction round will have his/her choice of any properties that remain unsold. 5) Multiple Parcel Sale: A starting bid will be established on each parcel in a given order to establish a base price. The bidding will commence on any parcel, combination of parcels or as a whole in any given order of the bidder’s choice. Only the Auctioneer will determine when the bidding has concluded and the property(s) are sold. 6) Buyer’s Premium: A Ten Percent (10%) fee will be added to the final bid to establish the final sale contract price. It is clearly understood by the buyer, that the Auctioneer represents the Seller and that this Buyer’s Premium in no way implies an Agency relationship between the Auctioneer and Buyer. 7) Mortgage Financing: Financing is not a condition of the purchase contract. It is recommended bidder does his due diligence in regards to being able to perform within the allotted closing period. The contract is written as a cash contract. 8) Property Inspection: Bidder acknowledges that he/she has inspected the property and will be purchasing property “AS IS – WHERE IS”. No additional inspections or previews will be allowed post Auction. 9) Leased Properties: All leased properties will be sold subject to existing leases and subject to tenant’s rights under state and local statutes. 10) Warranties: There are no expressed or implied warranties on the property(s) and are Sold “AS IS – WHERE IS”. 11) Forms: Bidder acknowledges that he has reviewed prior to bidding the appropriate forms as may be required by the state in which the Auction is being held; (A) “Disclosure of Agency Relationship”, (B) “Residential Property Disclosure Form”, if a pre 1978 residential property – the Disclosure of information and Acknowledgement / Lead Base Paint and / or Lead Base Paint Hazards as required under Title X and the Purchase contract that contains no contingencies. If the successful Bidder, the Bidder agrees to execute all the necessary forms. 12) Fair Housing: Title VIII of the Civil Rights Act of 1968 (fair housing act) as amended, prohibits discrimination in the sale, rental and financing of dwellings and in other housing related transactions based on race, color, national origin, religion, sex, familial status (including children under the age of 18 living with parents or legal custodians, pregnant women, and people securing custody of children under the age of 18) and disability. 13) Bidder(s) Acknowledgement: By signing below / registering to bid, you as the successful bidder agrees to the terms and conditions stated herein. This document is a part of the non-contingent Purchase Contract of sale for property(s) being offered at Auction this date. This is a public offering, open to all. 14) Video/Photo Disclaimer: This Auction is being recorded by digital video, as is all our auctions as is a condition of your attendance, everyone here has agreed to the use of themselves, without further consideration or compensation, in both audio and video forms for purposes of illustration, broadcast or distribution in any manner associated with the promotion of Auctioneer At Large LLC / Real Living Kee Realty. In event of any conflict between this document and the sales contract, the sales contract will prevail.