**Extended Bidding for Timed Auctions** Extended bidding enables bidders to competitively bid on items in the final minutes of a timed auction without worrying about sniping. Each time a bid is placed within the final five minutes of a timed auction, the remaining time to bid on a single item will be extended five minutes. If a counter bid is placed during the five minute time period the auction will be extended again. Extended bidding will continue until no new bids are placed on the item within the final five minutes. With extended bidding, every bidder who is interested in a specific item has the opportunity to bid and win! *NOTE: Where the term "Minimum Bid" is mentioned on each item, that means that the amount noted is the next bid increment required to advance the bid.* Everything in this auction sells regardless of price except for Lots 1, 2, & 3 which is subject to the approval of the United States Bankruptcy Court Bankruptcy No. Court Order/Case No. 11-31665, Court Order/Case No. 10-10409, 10-10411 & 10-10412, Court Order/Case No. 11-10569. Bidder understands that the United States Bankruptcy Court, Western District of North Carolina, has jurisdiction over this auction and any registered bidder who defaults on payment after the auction is subject to appearance before the United States Bankruptcy Court Judge. Bidder understands that the United States Bankruptcy Court, Western District of North Carolina, may extend the end time of this auction by approval of the United States Bankruptcy Court Judge. PERSONAL PROPERTY TERMS AND CONDITIONS: Terms - Personal Property - Selling "AS IS" / "WHERE IS". Balance due in full at the end of the auction by Visa, MasterCard, or Discover Credit Cards, unless the invoice is over $5,000.00. A 12% Buyer's Premium will apply to all purchases. Bidders with invoices over $5,000.00 will be e-mailed wiring instructions following the auction. Wires need to be sent within 24 hours after the end of the Auction. No item will be released, until satisfactory U.S. funds have been received in the Auctioneers escrow account. Bidder understands that there is a deadline beyond our control to remove all items from the current location. All items must be removed by 4pm on Friday, November 4, 2011. Any items left after this date will be considered abandoned and all rights will be forfeited. Conditions – All information contained herein is deemed to be from reliable sources. However, neither the Auctioneer nor the Seller guarantees this information to be correct. We reserve the right to add or delete. Please inspect the property and bid accordingly. No refunds or exchanges will be given. The Auctioneer represents the Seller in this transaction. All announcements made at the auction shall take precedence over all other information. Purchases become the responsibility of, and shall be, and remain at the risk of the purchaser immediately upon acceptance of his/her bid. It shall be the responsibility of the purchaser to insure his/her purchases immediately. No sale shall be invalidated by reason of any defect or inaccuracy in any of the lots by reason of their being incorrectly described in the listing or elsewhere and no liability shall be borne by the Auctioneers in respect of any such fault or errors. This listing has been prepared only as a guide based on information from sources generally believed to be reliable and from the Seller, but the accuracy thereof cannot be guaranteed or warranted by the Auctioneers. Bidder acknowledges that it is their responsibility to inspect all items and to make his own inquiries. There shall be no guarantees or warranties, expressed or implied, statutory or otherwise of any nature whatsoever bu the Auction Company. Each and every lot will be sold “AS IS”, “WHERE IS”. The property being sold may be either New or Used. The Auctioneers make no representation or warranty on any of the lots which are the subject of the auction. This listing with pictures is only a guide and may not be accurate in anyway. Every item will sell “AS IS”, “WHERE IS”. Please inspect the items prior to bidding. All sales are final. We reserve the right to put a hold on your account for an amount up to the amount of your bid prior to the end of the auction. Bidders who bid 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. The Auctioneers shall endeavor to describe in detail each item and any pertinent information about it. The Auctioneers will not be responsible for any error 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”, "WHERE IS" and that they may not return any item purchased. The Auction Company reserves the right to refuse service to any person. Iron Horse Auction Company Inc frequently deals with international online buyers via our internet auctions. It is our policy to require a $1,000.00 deposit in order to bid from another country. This is immediately refundable if you do not purchase any items and will be applied towards your balance if you are a successful purchaser. Bidders acknowledges that any and all cause of action that may arise as a result of this Contract shall be interpreted in accordance with the laws of the State of North Carolina and any action brought thereon must be brought in the General Court of Justice of Richmond County, North Carolina as the sole and exclusive venue.