Real Estate Auction Terms & Conditions This auction is a RESERVE auction. Once the reserve is met, bids are binding. Should the reserve not be met, the seller may elect to accept or work with any of the bids or bidders. Bidder Registration: Although there is no obligation to bid, all prospective buyers MUST register to bid at https://right-wayauctionservice.com/. For assistance in registering or placing bids call Pro Realty Inc. at (320) 274-1341 Earnest Money: $10,000.00 non-refundable earnest money for winning bidder. Cash, personal and company checks or certified funds will be accepted. Buyer agrees to deliver earnest money and enter into a purchase agreement within 24 hours. Balance in full due at closing. Buyers to have financing arrangements made prior to bidding on the auction with no contingencies (including financing, appraisal, inspection or any other) of any kind accepted in the purchase agreement. Closing: Within 45 days after the auction at a title company to be determined. Quick Close Possible. Buyer's Premium: A 5% buyer's premium will be added over and above high bid. Winning bid plus buyer’s premium equals the contract price. Example: Total bid price: $100,000 plus 5% buyer's premium equals a purchase price of $105,000.00. Failure to Close by the Buyer: If for any reason you are unable to complete the transaction, your down payment money will be forfeited. Title: This property will be sold free and clear from any and all liens and encumbrances, but subject to any zoning, environmental, or other municipal, federal and state laws, easements, rights of way or other matters of record. Buyer to accept property in “as-is” condition with no contingencies. Seller and Auctioneers’ Disclaimer: All announcements and updates made by the auctioneer on the website, shall take precedence over any previously written material or oral statements made. Conduct of the auction, increments of the bidding and decisions as to the high bidder will be at the direction and sole discretion of the auctioneer. The information contained in this brochure is subject to the inspection and verification by all parties relying on it; no guarantee, expressed or implied, is given of the information contained in the brochure. No liability for its accuracy, error or omissions is assumed by the owners or the agents. Property sells in "as is" condition. Buyer will sign an as-is addendum. Agency Disclosure: Pro Realty Inc. will be a dual agent in this real estate transaction unless buyer has an agent registered prior to bidding per registration requirements. BY REGISTERING FOR THIS AUCTION, YOU ARE AGREEING TO THESE TERMS. Auctioneer #: 86-120