Rector-Hayden, Realtors Auction Terms & Conditions In Partnership with NAI Isaac Commercial Real Estate Services, Worldwide Auction Property: 7 Commercial Interstate Lots, Creekside Village, Walnut Meadow Road, Berea, KY 40403 Auction Location and Time: Thursday, May 9, 2013 at 11:00 AM, Rain or Shine At the adjacent Country Inn and Suites, Berea, KY 40403 Registration: All bidders must have proper identification and register in order to bid. Registration will begin at 10:00 AM EDT. Buyer's Premium: A 10% buyer's premium will be added to the high bid and included in the total contract purchase price. Example: High bid of $100,000.00 plus 10% buyer's premium = $110,000.00 contract purchase price. Note: Buyer's Premium is 11% for online bidders. Absentee/Phone Bidding: Absentee or phone bidding arrangements can be made with the payment of $5,000.00 cashier's check payable to Rector-Hayden Realtors' Escrow Account not later than May 7, 2013. Please contact the auctioneers, Jim Halfhill, Sr. at 859-338-5764 or Jim Halfhill, Jr. at 859-221-9373 to make those arrangements. Online Bidding: Online bidding is available via Proxibid at www.HalfhillAuctions.com. Auction Format: Each commercial interstate lot will be offered individually and WILL NOT be grouped. Terms of Sale: The successful bidder shall be required to enter into a non-contingent auction purchase agreement and deposit 10% of the contract price in the form of cash, certified funds or approved personal check immediately following the auction. The balance of the purchase price is to be paid on or before 30 days, TIME IS OF THE ESSENCE. Possession Possession will be granted with deed transfer. Real Estate Taxes: Pro-rated to deed transfer date. Insurance: The successful purchaser of the subject property is hereby notified that they may wish to insure their interest in the property to the day of deed transfer, if applicable. Property Inspection: Each potential bidder is responsible for conducting, at his or her own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. The properties are vacant unimproved commercial interstate lots that can be viewed at any time. For other showing arrangements please call the auctioneers, Jim Halfhill at 859-338-5764 or Jim Halfhill, Jr. at 859-221-9373. Special Notice: The property is offered "AS IS, WHERE IS", and with all faults, with no warranties expressed or implied of any kind. Property will be conveyed by "General Warranty" deed with no liens or encumbrances, other than existing covenants, restrictions and easements of record. Bidders should carefully verify all information and make their own decisions as to accuracy thereof before bidding. NOTE: Announcements the day of the auction take precedence over any prior information. Bidder's Acknowledgement: By signing below, you as a successful bidder agree to the terms and conditions stated herein. This document is part of the non-contingent contract of sale to purchase the property. This is a public offering open to all.