BUYER PREMIUM: The highest bidder acknowledges that there is a ten percent (10%) Buyer's Premium which will be added to the final bid price to be paid by the highest bidder and will be incorporated into the total selling price. The highest bidder also will acknowledge that Maas Companies, Inc. is the Agent for the Seller. Independently, if applicable, a two percent (2%) Broker Participation Fee will be due from the Seller to the Broker representing the highest bidder who registers with Maas Companies Inc prior to the completing their on-line registration. Said participation fee shall be paid when the highest bidder, registered by said broker, closes on the purchase of the property. Broker Participation is not required. 1. Purchaser shall remit a wire transfer as a non-refundable initial deposit "the Deposit" equaling 20% of the purchase price in escrow within 2 business days of the sale. The Deposit money shall become Earnest Money Deposit and is non-refundable. The Earnest Money Deposit will be refunded only if the Seller is unable to deliver clean title. If any date for the performance of any required action under this Agreement falls on a holiday or during the weekend, the date for performance shall be extended to the next business day. 2. The Purchaser shall have 30 days to close on the Property. Seller shall determine the time and place of closing. If the Purchaser is not ready to close by the Closing Date, any extension, if granted by Seller, shall be conditioned on all pro rations and adjustments being determined as of the Closing Date and the payment of an additional non-refundable deposit. 3. This sale is not contingent upon the ability of the Purchaser to secure financing, sell another property or any contingencies whatsoever. 4. Purchaser expressly warrants the purchase is being made in AS IS CONDITION and solely based upon Purchaser's examination of the Property, and without any expressed or implied warranties of the Auction Company or Seller. The Property is sold and the Purchaser agrees to accept the Property in its present condition, AS IS, with all faults, in all respects, subject to utility easements, zoning ordinances, and any other restrictions of record. Seller is not responsible for any removal of trash, scrap, furniture, fixtures, chemicals or any other personal property and may become property of the Purchaser. Purchaser acknowledges the opportunity it was afforded for physical, environmental, lead, radon or other inspections prior to execution of the auction and hereby waives any further right to additional inspections. No warranties as to physical condition, environmental condition, habitability, suitability to particular purpose, tenancies, or compliance with any laws, codes or ordinances, including those relating to water supplies and septic systems "Deficiencies" are made by the Seller, unless specifically stated herein. The Buyer acknowledges that the Buyer has inspected the property and is purchasing the property on an "as is, where is with all faults" basis. The Buyer also acknowledges that there are no express or implied representations or warranties by Seller as to physical conditions, quality of construction, workmanship, or fitness for any particular purpose. The Buyer further acknowledges that the information and descriptions are believed by the Seller to be accurate, however, such information and descriptions are not guaranteed. ADDITIONAL TERMS: The Buyer agrees to be bound by the terms of these terms and conditions and agrees to execute any additional documents to proceed with the purchase of the property under the terms of this offer. Bids submitted on Proxibid are binding and irrevocable. Bidders further acknowledge that the property is selling subject to owner confirmation. . See Bidder Kit for complete terms. MANNER OF SALE: The Buyer understands that the sale is subject to and conditioned on Seller's approval. At such time if the offer is accepted, the Seller will execute the purchase agreement. Seller reserves the right to accept or reject any offer. Bidders are bound by their bidding via Proxibid, at no time may a buyer revoke a bid. The order and manner of the bidding may be altered at the time during the process. ANY ANNOUNCEMENTS MADE DURING THE AUCTION PROCESS WILL TAKE PRECEDENCE OVER MATERIAL PUBLISHED ABOUT THIS EVENT.