AUCTION TERMS AND CONDITIONS The terms and conditions of this auction will be governed by the Contract for Sale of Real Estate (here-in called the Purchase Agreement.) The following terms are a summary provided for the convenience of the bidder. A sample Purchase Agreement is available from the auction company in the bidder’s packet and should be reviewed prior to the auction. All properties sell “AS IS WHERE IS” with no warranties of any type expressed or implied as to the merchantability, usability, fitness for a particular purpose, or any matter of whatsoever type or nature. Any improvements which must be made are the responsibility of the purchaser. All information advertised or stated was derived from sources believed correct, but is not guaranteed. All property dimensions are only approximations; Purchasers shall rely entirely on their own information, judgment, and inspection of the property and record. Purchasers can inspect prior to the auction. The Real Estate will be sold free and clear of all liens. The Real Estate will be sold subject to any easements and building and use restrictions of record. Purchasers can inspect prior to the auction. Announcement made at the auction site takes precedence over printed material. Buyer will enter tile easement with seller. DEPOSIT FOR REAL ESTATE: A total of $10,000 per tax parcel is required as an earnest money deposit to present upon execution of the Purchase Agreement documents. Check, cashier’s check are accepted for the deposit. This deposit is deemed non-refundable if the Purchaser does not carry through with the purchase. Your bidding is not conditional upon financing, so be sure you have arranged financing if needed and are capable of paying cash at the closing. CLOSING TERMS: Balance of purchase price will be due at closing which will be scheduled within 45 days. Real estate property taxes shall be prorated. Possession will be given at the closing with exception Seller shall provide an owner’s title insurance policy in the amount of the purchase price. Closing will be held at Title Company. Closing fees will be divided evenly between the Purchaser and the Seller. Real Estate sells subject to owner’s confirmation, within 72 hours of auction completion. BUYERS NOTE: If you are the successful bidder, you must sign all Purchaser Agreement documents within 24 hours of the conclusion of the Auction. At that time your check will be endorsed as a non-refundable deposit on the Real Estate. That ability to obtain financing is NOT a contingency of the sale. The Auction will be conducted at the sole discretion of the Auctioneer and any bids be recognized at their discretion. PUBLIC VIEWING TIMES: Open land and wooded/farmland inspection at your own will. NEW DATA: New data, corrections, or changes could be made after the printing of this brochure. Please arrive prior to the start of the auction to inspect and consider any new information and changes. BIDDERS PACKET: More detailed information will be available by contacting the Sale Manager, Jeff Bean, at 517-202-9421 / jeff@jeffbean.net or the Auctioneers, Scott Sykora, at 989-386-9694 / sykorasoldit@gmail.com or John McConnell at 989-429-0444 / mconnell48622@gmail.com or at www.sykoraauctions.com. AGENCY DISCLOSURE: Jeffrey R. Bean, Broker and Scott Sykora Auction Service, Inc., its agents, employees and/or representatives are Exclusive Agents of the Seller. ANNOUNCEMENTS MADE DAY OF SALE TAKE PRECEDENCE OVER PRINTED MATERIAL