***TERMS*** AUCTION STATEMENT OF SALE ONLINE TERMS 10% Buyers Premium will be added to each successful bid. This sale 21 LOTS in Shagbark will be sold as follows. All newspaper or other publications and all oral and verbal statements as to advertising made by owners of said property and by DeLozier Realty & Auction, or any agent of said company, are hereby revoked. This is an ABSOLUTE AUCTION. The highest bid plus a 10% Buyers Premium will be the total sales price. All successful bidders will be required to sign a note for the deposit amount in addition to the deposit made day of sale VIA CASH, GOOD CHECK, OR WIRE TRANSFER. Note shall become null and void when buyer shall complete all requirements for closing as set out in their contract. ALL ONLINE BIDS ON THIS AUCTION START FRIDAY MARCH 3RD 2017 AT 10:00AM EASTERN TIME AND WILL BEGIN ENDING THURSDAY MARCH 9TH 2017 AT 2:00PM EASTERN TIME AUCTION END TIMES: DeLozier Realty & Auction Online Auctions are hosted by Proxibid and are timed events and all bidding will close at specified time. DeLozier Auction & Realty Online Auction also has an auto extend feature, any bid placed near the end of the auction, the auction ending will automatically extend for 2 minutes from the time the bid was placed. If the Auction is scheduled to close at 2:00 and receives a bid at 1:59, the close time will automatically extend to 2:02. The auto extend feature remains active until no further bids are received within a 2 minute time frame. THE FINAL SALE OF PROPERTIES USING INTERNET BIDS/MAX BIDS WILL DETERMINE THE WINNING BIDDERS OF PROPERTIES AS ADVERTISED. This online only auction is a CASH SALE not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Auction Sales Contract. BID PACKAGE: Auction Sales Contract & Promissory Note Package, along with any other paperwork pertaining to each sale #, will be sent by e-mail from DeLozier Auctions to the successful bidder, who must execute and fax or email back to DeLozier Realty & Auction within 24 hours of receipt. Successful bidders not executing and returning their contract & promissory note with earnest money deposit (10% non refundable deposit of total purchase price (certified funds or wire) made payable to DeLozier Realty & Auction) within 24 hours of receipt will be considered in default and subject to an Administrative Fee (as defined below). All Administrative Fees are non-refundable. The entirety of the remaining balance is due at closing. Purchaser shall be responsible for all wire transfer fees and closing fees as set out in Auction Sales Contract and Auction Statement of Sale. Auction Administrative Fee: In the event a winning bidder fails to submit the signed “Auction Sales Contract,” signed “Promissory Note,” and deposit earnest money as provided in the pre-stipulated Auction Terms, the winning bidder will be charged an administrative fee of $2,500.00 on the credit card provided at auction registration. Additional default remedies are reserved by DeLozier Realty & Auction and the Seller as provided in the Auction Statement of Sale, the Auction Sales Contract and the Promissory Note. All Administrative Fees are non-refundable. AUCTION SALES CONTRACT, PROMISSORY NOTE, and STATEMENT OF SALE: Each property is offered under specific terms provided in the auction sales contract, promissory note, and statement of sale. The Auction Sales Contract, Promissory Note, Statement of Sale are available at www.delozierauctions.com. Please read and review the contract, promissory note, and statement of sale thoroughly prior to bidding on any property. If you have not read and reviewed the Auction Sales Contract, Promissory Note, Statement of Sale and all other materials available plus completed your own “due diligence” to satisfy all questions, please Do Not Bid! Buyer’s Premium: A 10% buyer’s premium will be added to the bid price on all properties to determine the final contract price. DeLozier Realty & Auction has the sole authority to resolve any bidding disputes as they may arise. DeLozier Realty & Auction is providing internet/online bidding hosted exclusively by Proxibid as a service to Bidder. Bidder acknowledges and understands that this service may or may not function correctly the ending day of the auction. Under no circumstances shall Bidder have any kind of claim against DeLozier Realty & Auction or anyone else if the internet service fails to work correctly before or during the ending of the auction. DeLozier Realty & Auction will not be responsible for any missed bids from any source. Taxes for the 2017 year to be prorated at closing and any back taxes to be paid by seller at closing. Closing on all Real Estate will be on or before 30 days from March 9th, 2017. All properties to be sold in “as is” condition with no guarantees or warranties expressed or implied. Please rely on your previous inspections of all properties. Copies of survey/tax map and any other paperwork pertaining to the properties are available online. **** PLEASE NOTE **** All lots being sold AS IS, any plat map, survey, or tax map shown is for reference only. Buyer to assume responsibility of obtaining updated survey and any and all work necessary before any plans to build may begin. ***NOTE: Neither DeLozier Realty & Auction nor Shagbark POA or any agent thereof guarantees the ability to build on any lot, obtain septic permit or any other property attribute other than the legal right to sell the property. Shagbark Property Owner's Association has indicated they will work with buyer(s) to the best of their ability if any problem arises, but do not guarantee any outcome other than the legal transfer of property. *** PROPERTY OWNER'S FEES *** Shagbark POA dues are $295 per year. Dues give owner rights and access to all amenities and security even with vacant lot. Shagbark will also store your trailers, fifth-wheels, campers, and other vehicles for $50 per month.