TERMS: The successful bidder will be required to sign a standard Minnesota Realtors Association Purchase Agreement on the day of the auction. Earnest money of $5,000 cash, personal or business check shall be paid to the Seifert Realty Trust Account. Earnest money is non-refundable, and refundable only if sellers do not close on the sale. Balance will be due at closing in approximately 30 days more or less. A 6% buyer’s premium will be added to the final bid and will be due at closing. The final accepted bid will be subject to the sellers confirmation. Sellers will provide an updated abstract of title showing marketable title or provide an owner’s title insurance policy. Real estate taxes will be paid by sellers for taxes due and payable in 2010. Buyers must rely on their own information, judgments and inspection of property. Sellers are selling “as-is”. Announcements made the day of auction will take precedence over any previous written or verbal statement. The real estate/auction company is representing the sellers. Participating brokers must register their client 48 hours prior to auction day and accompany them at the auction. ALL SALES FINAL: All property is sold “AS IS”, and ALL SALES ARE FINAL. Property is open to thorough public inspection. It is the Bidder’s responsibility to determine condition, age, genuineness, value or any other determinative factor. Seifert Realty & Auction Company may attempt to describe the merchandise in advertising, on the Internet and at the auction but makes no representations. In no event shall Seifert Realty & Auction Company be held responsible for having made or implied any warranty of merchantability or fitness for a particular purpose. Bidder shall be the sole judge of value. Bidders who bid from off site and are not present at the live auction or preview understand and acknowledge that they may not be able to inspect an item as well as if they examined it in person. It is the Bidder’s responsibility to determine condition, age, genuineness, value or any other determinative factor. Seifert Realty & Auction Company shall endeavor to describe in detail each item and any pertinent information about it. Seifert Realty & Auction Company will not be responsible for any errors or omissions in the description of the merchandise unless it is a material and intentional misrepresentation of the item itself. Bidder agrees that everything is sold as is and that they may not return any item they purchase. TECHNOLOGY DISCLAIMER: Seifert Realty & Auction Company is providing Internet pre-auction and live bidding as a service to Bidder. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall Bidder have any kind of claim against Seifert Realty & Auction Company or anyone else if the Internet service fails to work correctly before or during the live auction. Seifert Realty & Auction Company will not be responsible for any missed bids from any source. Internet bidders who desire to make certain their bid is acknowledged should use the proxy-bidding feature and leave their maximum bid 24 hours before the auction begins. Seifert Realty & Auction Company reserves the right to withdraw or re-catalog items in this auction. IMPORTANT NOTE: We want you to be happy with your purchases. If you have questions about the merchandise the time to ask questions is well in advance of the live auction. No returns are allowed. By registering for the auction you agree to the above auction company's Terms and Conditions. Thank you for your business!