Auction Terms & Conditions Auction Terms & Conditions Contract & Down Payment: The successful bidder(s) must sign a contract to purchase immediately following the close of successful bidding on the day of the auction. This contract is not negotiable. The final bid is subject to approval by the seller and the seller reserves the right to withdraw the property from sale at any time prior to receiving an acceptable bid. Arrangements for the Ten (10) % down payment is due on the day of the auction closing, upon signing a contract to purchase. The down payment can be paid to the title company in the contract or the escrow account. 5% buyer’s premium. Financing: Bidding is not conditional upon financing. Financing should be arranged if needed & buyer must be capable of paying cash down payment on the day of auction. The remainder of the purchase price is payable at closing. Closing is to be planned for 30 days after the close date of the auction. Possession: Possession of property will be given at closing. Real Estate Taxes: Seller will provide a credit to buyer(s) at closing prorated up to the closing date based on the most recent tax information. Agency: Jeff Prochnow Auctions Inc. (Berkshire Hathaway Snyder Real Estate as sponsoring broker) and its representatives are exclusive agents of the seller only. Easements & Leases: Sale of said property is subject to any & all easements & leases of record. Disclaimer & Absence of Warranties: The property is being sold on an “as is where is” basis & no warranty or representation, either expressed or implied concerning the property is made by either seller or auction company. The information is believed to be accurate but subject to verification by all parties relying on it. No liability for accuracy, errors, or omissions is assumed by seller or auction company. Each bidder is responsible for conducting their own independent inspections, and all due diligence concerning the property. Neither the seller nor auction company are warranting any specific zoning classification, location of utilities, assurance of building permits, driveway permits, or water/septic permits; or warranting or representing as to fitness for a particular use access, quality or quantity, or physical or environmental condition. Diagrams & dimensions are approximate. All non-surveyed acreages are estimates. All information contained in this & related materials are subject to terms & conditions of sale outlined --------------------------------------------- ------------------------------------------ Terms Of Use

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