Special Terms All items sell AS-IS with no warranties or guarantees expressed or implied. Online Bidding Terms: 1. Townville Station, LLC has put forth every effort in preparing the catalog for this auction to provide accurate descriptions of all items. All property is sold 'as-is' and it is the bidder’s responsibility to determine the exact condition of each item. Printed statements or descriptions by staff are provided in good faith and are matters of opinion. Absolutely NO refunds will be offered. 2. FOR ONLINE BIDDING: There is an 12% Buyer's Premium added to your total purchase. 3. All accounts must be settled at the conclusion of the auction. Buyer must make a 10% of sales contract non-refundable earnest money deposit must be made immediately follow auction sale confirmation. This amount will be calculated by adding the 12% buyers premium to the final bid price to create the sales contract price. 4. This will be an online only auction. 5. In order to better serve our customers, all bidders must provide their name, address, daytime phone number, and email address at which they can be contacted. This is to ensure good communication between Townville Station, LLC and the bidder throughout any transactions. 6. The purchaser agrees to pay all reasonable attorney fees and costs incurred by the auction company in the collection of funds. The purchaser also agrees that a fee of 2% per month is added to the balance of any unpaid balance due the auction company and any other costs or losses incurred by the purchaser’s failure to adhere to these terms. Any debt collection or dispute proceedings will be heard in Anderson County, South Carolina. 7. The auctioneer shall be the final judge in all bidding disputes and shall name a bidder as the purchaser. 8. The auction company shall not be held responsible for any 'missed' bids or bids unseen by the auctioneer. 9. Bids are subject to seller confirmation. 10. By bidding on any item, the bidder shows acceptance of the terms of sale and bidder registration form below in order to participate in the auction. TERMS OF SALE & BIDDER REGISTRATION (Schedule B to Contract to Purchase) 1. Property is being offered at auction subject to seller confirmation and a 12% online buyer’s premium. 2. Lake Hartwell Properties (“Broker”) is agent for the seller only. 3. This Property sells “AS IS - WHERE IS” with all faults and without warranty of any kind, either expressed or implied, by seller or Broker. It is understood that a special warranty deed is to be furnished by seller at closing. 4. Immediately following bidding, the high bidder must execute a Contract to Purchase with no contingencies of any kind and deposit with Broker a 10% non refundable earnest money deposit. Seller has up to 24 Hours to accept or reject the high bid if the bid is below the reserve amount. The balance of the sales price must be paid within thirty days (30) days at closing. Time is of the essence. Seller reserves the right in his discretion to extend the closing date an additional 30 days if needed. In the event that buyer fails to comply with the Contract to Purchase, the earnest money will be forfeited, but such forfeiture shall not affect other legal remedies available to seller. 5. Buyer agrees to pay ALL closing costs, including but not limited to, attorneys fees, deed stamps and preparation, survey, and termite inspection. Property Taxes shall be prorated between the buyer and seller to the date of closing. Possession will be at closing. 6. All information announced, published or contained herein or in any brochure or advertisement was derived from public records and sources believed to be correct: however, it is not guaranteed by the seller or Broker or Auctioneer and is subject to inspection and verification by all parties before bidding. All square footage, dimensions, taxes, zoning, acreage, permitted uses, property lines, assessments and other information about the Property being sold are approximate and not guaranteed. Personal on-site inspection is strongly recommended. It is bidder’s responsibility to determine the condition, genuineness, function, suitability for use, and value of the Property before bidding. The failure of any bidder to inspect, or to be fully informed about the Property, will not constitute any grounds for any claim or demand for adjustment or withdrawal of bid, offer or deposit money. Announcements made from the auction block take precedence over all other verbal, printed, announced and/or distributed information. Neither seller nor Broker is responsible for any errors or omissions made in the description of the Property prior to or at auction. This sale may be modified or withdrawn without notice at any time. 7. LEAD PAINT: On properties built before 1978, potential purchasers, at their option, may have the Property inspected for lead based paint within 10 days prior to auction date. 8. Seller and Broker reserve the right to refuse admittance to or expel anyone from the auction for creating a disturbance, bidder intimidation or bid collusion. Broker, seller, and auctioneer shall not be liable to any person for damages to their person or property while in, on or about the Property, nor shall they be liable for hidden defects. All persons are on the Property at their own risk and shall defend, indemnify, and save harmless Broker, Seller, and auctioneer from any and all liability whatsoever. 9. Licensed South Carolina Auctioneer(s) will conduct the auction. Conduct of the auction and increments of bidding are at the discretion and direction of the auctioneer. The auctioneer, Seller and Broker reserve the right to offer this Property for sale in any manner they see fit. All decisions of the auctioneer shall be final concerning matters such as increments and manner of bidding, disputes among bidders, priorities of bidders, the validity of any bid, the high bidder, and any other matters that may arise during the sale. Auctioneer, Seller and Broker reserve the right to to accept any pre-auction offers and/or cancel the auction at any time. 10. Bidding is open to the public to all registered bidders. The identity of all bidders must be verified before the auction, bidding rights are provisional, and if complete verification is not possible, the registration will be rejected and bidding activity will be terminated. Bidders must use their assigned bid numbers. No transfer will be recognized from one bidder to another. Bidding in the auction is a binding contract. The high bidder whose bid is accepted by seller must sign a Contract to Purchase and deposit the required deposit or he will be in default of said contract and will be responsible for all resulting damages to Seller and Broker. 11. Broker Participation is NOT available to ONLINE bidder's agents. Buyer(s):__________________________________________ Seller(s)__________________________________________ __________________________________________ Auctioneer___________________________________________