On-line Bidding Terms: 1. $5,000 down payment for Tract 1 and a $3000 down payment for Tract 2 due day of auction (immediately following bidding completion) . Each downpayment is non refundable. Balance in certified funds at closing. 7% Buyer's Fee added to the final bid price to determine final selling price. Perimeter survey, title insurance and closing costs to be shared 50:50 between buyer and seller. All investigations, inquiries, inspections and due diligence are the buyer 's responsibility prior to the auction. Real estate sold AS IS with all faults. Statements made auction day take precedence over printed material. 2. FOR LIVE INTERNET BIDDING: There is a 7% Buyer's Premium added to the total. 3. All accounts will be settled at the conclusion of the auction. We accept Visa, MasterCard, and Discover Cards ONLY. Your card will be charged immediately for your $3,000 down payment. In the event that this credit card is declined, winning bidder will forfeit winning bidder staturs. 4. PICK UP DAY - There is no pick up day for this auction. Closing will be scheduled after auction day. 5. Our on-line auctions move quickly! If you are interested in an item, bid quickly. If you win an item in the auction you will be notified by email. 6. 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 insure good communication between Littlejohn Auctions, Inc. and the bidder throughout any transactions. 7. 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 4% per month be added to the balance of any unpaid balance due the auction company and any other costs or losses incurred by the purchasers failure to adhere to these terms. Any debt collection or dispute proceedings will be heard in Dekalb County, Indiana. 8. The auctioneer has the sole discretion to advance the bidding and may reject a nominal advance, should it in his estimation prove injurious to the auction. The auctioneer shall be the final judge in all bidding disputes and shall name a bidder as the purchaser. IF THERE IS AN INTERNETS FAILURE during bidding, the auction will continue as normal and the item will be sold to the bidder (live or online) with the highest bid at the point at which the hammer falls. 9. The auction company shall not be held responsible for any 'missed' bids or bids unseen by the auctioneer. 10. ALL SALES ARE FINAL. 11. By bidding on any item, the bidder shows acceptance of the terms of the auction. 12. The auction company reserves the right to refuse service to any person. 13. All announcements made day of auction take precedence over any and all written or verbal statements. 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. (Littlejohn Auctions,Inc.) may attempt to describe the merchandise in advertising, on the Internet and at the auction but makes no representations. In no event shall (Littlejohn Auctions,Inc.) 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. (Littlejohn Auctions,Inc.) shall endeavor to describe in detail each item and any pertinent information about it. (Littlejohn Auctions,Inc.) 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. (Littlejohn Auctions,Inc.) 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 (Littlejohn Auctions,Inc.) or anyone else if the Internet service fails to work correctly before or during the live auction. (Littlejohn Auctions,Inc.) 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. (Littlejohn Auctions,Inc.) reserves the right to withdraw or re-catalog items in this auction.