Caterpillar Diesel Heads & Engine Block

1. BIDDER REGISTRATION: The auction is open to the public and all bidders must register with National Auction Company at www.natlauction.com A link will be provided for the auction site on Proxibid. 2. PREVIEWS: • The assets included in this Timed Bid Auction consists of machinery, equipment and other items used in connection with operations of EPS Organics (Environmental Processing Systems). • Because of the current conditions brought about by the Corona Virus, pre-auction previews are not available. • Specific questions can be addressed to George Richards at National Auction Company by e-mail or cell phone. • All of the items included in this auction are being offered in As-Is condition and without warranty of any kind. 3. AUCTION DATE: • This auction will be conducted as a Timed On-Line Auction and bids will be received at www.natlauction.com. The auction will open at 10:00 A.M., December 2 and will end on December 8, 2020 beginning at 3:00 P.M. The auction web site will make use of staggered closing times but all bids will end on December 8, 2020. All top bid prices will be reported to representatives of Environmental Processing Systems at the conclusion of the auction. Bids received after published closing times will not be accepted except those that fall under the conditions of Extensions of Bid described in the following bullet. • Extensions of Bid: In the event a bid or bids are made during the last five minutes of an auction, the end time for the auction will be extended for an additional five minutes. Extensions will continue until no further bids are received within the last five minutes of the auction. • All of the assets included in this Timed-Bid Auction are offered Subject to the Confirmation of the Seller. It is expected top bid prices will be accepted, however, the seller has the right to accept or reject all top bid prices. It is expected Top Bidders will be notified their bid has either been accepted or rejected within 48 hours from the time the auction closes. • The Auctioneer reserves the right to establish minimum amounts for bid increases. In the event bidders do not comply with minimum amounts stated, bids received that are less than those set forth will not be accepted. 4.NOTIFICATION TO TOP BIDDERS AND PAYMENTS • All Top Bidders will be notified their bid has been accepted by National Auction Company through the E-Mail address supplied at the time of Bidder Registration. • Payments can be made by Cash, Money Order, Cashier’s Check or Bank to Bank wire transfer. All checks and/or bank wire transfers should be made payable to National Auction Company, Auctioneer’s Escrow Account. Personal and Corporate Checks will only be accepted when accompanied by a current bank letter which guarantees payment for purchases made at this auction. • Payments can also be made in person at the Auction Site location, 14530 NW 112 Avenue, Hialeah Gardens, Florida 33018. All payments must be made no later than December 10, 2020 by 2:00 P.M. • In the event a Top Bidder has purchased more than one item, payment in full must be received before anything can be loaded and/or removed. • Purchasers arriving at the auction site will be expected to wear a face covering and observe social distancing. 5. FLORIDA SALES TAX: • All sales are subject to rules of the Florida Department of Revenue. Bidders who are purchasing for resale must supply a Certificate of Resale. • Automobile dealers who are registering as bidders are asked to supply a copy of their Motor Vehicle License and Resale Certificate to the auction which must be presented at the time of Bidder registration. • Florida Sales Tax for motor vehicles is payable at the time of vehicle registration and the Motor Vehicle Title is transferred. 6. FORM of AUCTION: • This auction is conducted on behalf of EPS Organics (Environmental Processing Systems, Inc.) • All top bid prices/bids are subject to the confirmation of the authorized Representatives of EPS Organics (Environmental Processing Systems, Inc.), however, it is the intention to sell all of the assets being offered. 7. BUYER'S PREMIUM: A 10% Buyer’s Premium will be added to all top bid prices and included in the final purchase price auction. 8. METHOD of SALE: • This auction will be conducted as a Timed Event with opening and closing times and dates as set forth in the Terms & Conditions of Sale. • The terms and conditions of sale may be changed by the announcement and published on the Auctioneer’s website. Any such announcement will take priority over previously printed materials or oral statements • Bids will only be accepted from bidders who have registered on Proxibid. • In the event of disputes between bidders or tie bids, the Auctioneer's decision will be final. • All information provided through this website is believed to be correct but is not guaranteed. Bidders must rely upon their own information and judgment. • In the event a Top Bidder fails to make final payment, any deposit given will be subject to forfeiture. 9. CERTIFICATES OF TITLE • Certificates of Title are available for all of the motor vehicles included in the auction. • It is expected Certificates of Title will be provided to Purchasers at the time final payments are made. 10. REMOVAL: • All purchases must be removed from the premises as soon as possible following approval of sales by Representatives of Environmental Processing Systems. • Machinery and equipment needed to assist purchasers with loading will remain at the auction site until they are no longer needed. • Purchases can be removed from December 9-12 from 9:00 A.M. until 3:00 P.M. Auction staff members must be present during Bidder Checkout. • The Purchaser is responsible for advising National Auction Company, in writing who is authorized to remove the vehicle(s) from storage. If the vehicle is to be removed by contracted transporters or tow trucks, written authorization for removal must be provided to the Auctioneer. • All purchases must be removed from the auction site no later than December 12, 2020 as the property has been sold and must be vacated immediately. 11. DIRECTIONS: • From Florida Turnpike: Follow the turnpike to Okeechobee Road Exit (US27). At the traffic light at US 27, turn left and continue to NW 138 Street. At NW 138 Street, turn left and continue one block to Frontage Road. Continue on Frontage Road to NW 112 Avenue and turn right. Continue on NW 112 Avenue to auction site location. • Site Address: 14530 NW 112 Avenue, Hialeah Gardens, Florida 33018