1. FULL PAYMENT SHALL BE MADE ON THE DATE OF THE AUCTION PRIOR TO BUYER LEAVING THE PREMISES, OR REMOVING ANY ITEMS. 2. UNLESS THE AUCTION IS ANNOUNCED AS ABSOLUTE, THE AUCTIONEER/AUCTION FIRM HAS THE RIGHT TO REJECT ANY AND ALL BIDS. THE AUCTIONEER/AUCTION FIRM FURTHER HAS THE RIGHT TO BID ON BEHALF OF THE BUYER OR THE SELLER. THE AUCTIONEER/AUCTION FIRM RESERVES THE RIGHT TO DIVIDE ANY LOT, TO DIVIDE ANY TWO OR MORE LOTS, OR WITHDRAW ANY LOT(S) FROM AUCTION. ORDINARILY, PAYMENT FOR PURCHASES MUST BE MADE BY CASH, CASHIER'S CHECK, PERSONAL CHECK OR CREDIT CARD. A LETTER OF CREDIT AND PROOF OF IDENTITY MAY BE REQUIRED FOR PURCHASE OF SPECIFIC ITEMS OR FOR PARTICULAR AUCTIONS. LETTERS OF CREDIT FOR OTHER AUCTIONS WILL NOT BE HONORED. ALL CHECKS WILL BE PAYABLE TO SCHROUD AUCTION SERVICE. WHEN ANNOUNCED, A BUYER'S PREMIUM MAY BE ADDED TO BID PRICE TO DETERMINE FINAL SALE PRICE. ALL SALES ARE SUBJECT TO STATE SALES TAX LAWS. IF A BUYER'S PREMIUM APPLIED, THE SALES TAX WILL BE CALCULATED ON THE FINAL SALE PRICE, I.E., THE BID PRICE PLUS THE BUYERS PREMIUM. BUYER AGREES NOT TO STOP PAYMENT ON CHECKS OR DISALLOW A SIGHT DRAFT AND IS RESPONSIBLE FOR ANY EXPENSES INCURRED IN THE COLLECTION OF HIS/HER BAD CHECKS. THERE WILL BE $50 FEE FOR ANY RETURNED OR BAD CHECK. 3. NO WARRANTIES, THE ADVERTISED DESCRIPTIONS OF ITEMS PRIOR TO THIS AUCTION ARE BELIEVED TO BE CORRECT. NEVERTHELESS, NEITHER THOSE DESCRIPTIONS NOR ANY ORAL STATEMENTS MADE BY THE OWNER, THE OWNER'S AGENTS OR EMPLOYEES, NOR THOSE MADE BY AUCTIONEER/AUCTION FIRM OR THE EMPLOYEES OR AGENTS THEREOF SHALL BE CONSTRUED AS A WARRANTY, EITHER EXPRESSED OR IMPLIED. ITEMS ARE SOLD AS IS, WHERE IS. 4. SETTLEMENT: PURCHASED ITEMS MUST BE PAID FOR IMMEDIATELY UPON COMPLETION OF THE AUCTION. NOTHING IS TO BE REMOVED UNTIL IT IS PAID FOR. UPON PURCHASE, MERCHANDISE BECOMES THE FULL RESPONSIBILITY OF THE BUYER, AND BUYER ASSUMES ALL RISK OF LOSS AND DAMAGE TO THE PROPERTY. 5. REMOVAL: UNLESS OTHERWISE ANNOUNCED, MERCHANDISE MUST BE REMOVED FROM THE PREMISES ON THE DATE OF THE AUCTION. OWNER AND AUCTIONEER MAY AGREE TO PERMIT MERCHANDISE TO REMAIN ON THE PREMISES FOR A PERIOD OF TIME FOLLOWING THE AUCTION. 6. RESALE: AUCTIONEER RESERVES THE RIGHT TO RESELL ANY PROPERTY NOT PAID FOR IN FULL ON AUCTION DAY. BUYER SHALL BE RESPONSIBLE TO AUCTIONEER FOR EXPENSES OF RESALE AND COLLECTION OF DAMAGES RESULTING FROM THE RESALE. 7. DISPUTES AMONG BIDDERS: AUCTIONEER SHALL DESIGNATE A PURCHASER OF EACH AUCTIONED ITEM. IN CASE OF A DISPUTE AMONG TWO OR MORE BIDDER, AUCTIONEER MAY RE-OPEN THE BIDDING. AUCTIONEER'S DESIGNATION OF A BUYER SHALL BE FINAL. 8. INJURY AND DAMAGE: BIDDER ACKNOWLEDGES RESPONSIBILITY FOR ANY PERSONAL INJURY OR PROPERTY DAMAGE CAUSED BY BIDDER OR BIDDER'S AGENT, AND FURTHER AGREES TO HOLD OWNERS, AUCTIONEERS, AUCTIONEERS' OFFICERS, AGENTS AND EMPLOYEES HARMLESS FOR ANY PERSONAL INJURY TO BIDDER OR BIDDER'S AGENTS AND ANY PROPERTY DAMAGE INCURRED ON AUCTION PREMISES. Credit cards, cash, checks. A 3.5% convenience fee will be added for credit cards. All purchases must be settled for before removal.