1. The property to be sold is located at 518-552 Dabney Drive, Lexington, Kentucky and shall be sold as a single entity. 2. The property is to be sold in its as is condition without any warranty or guarantee as to the physical condition of the property or any of the improvements thereon. 3. This is a Non-Contingent Auction Sale, including financing and/or property inspection. All due diligence to be completed prior to Absolute Auction. 4. A five percent (5%) Buyer's Premium shall be added to the final bid price to determine the gross purchase price. 5. The Purchaser must pay ten percent (10%) of the gross purchase price in cash, certified funds, or personal check with prior approval, immediately following the auction sale and must sign the Auction Purchase Contract. The balance of the purchase price shall be paid in cash or certified funds within thirty (30) days of the date hereof, with time being of the essence. The closing may be postponed only in accordance with the terms of the Auction Purchase Contract. 6. Possession: Possession of the property shall be delivered with deed at closing. Should purchaser require the current tenants to vacate the property before closing, notice must be given to the current tenants and the seller within 15 days of auction purchase contract. Otherwise, the possession of the property shall be subject to landlord possession with current tenants intact. 7. The Property will be conveyed to the Purchaser in fee simple, by deed of general warranty, subject only to easements, restrictions and conditions of record, if any, affecting the property. All taxes and assessments shall be prorated as of closing. 8. The property to be sold shall include all permanent improvements located thereon but shall not include any movable personal property. 9. Seller shall continue to maintain the property and continue insurance coverage until closing. 10. Broker participation. A Properly registered buyer broker shall be entitled to a 1% commission of final purchase price at closing. 11. Announcements made the day of Sale take precedence over printed material or prior verbal statements.