If you do not understand these terms or the bidding platform, DO NOT BID. Please give us a call. We can walk you through it and answer questions. Please read the terms carefully as they are a legal binding contract between you and Alan Frenkel Auction & Realty. Internet Premium: Tiered Sales Tax : 7% - Sales tax applied to Hammer Price plus Buyer’s Premium. Participation Requirements: $500 deposit due at time of bidding. Payment Option - FOR THE $500 DEPOSIT ONLY: Visa, MasterCard, and American Express Cash, cashier’s check or wire transfer for the balance due. Payment Instructions: The credit Card provided by the online buyer to the Auction company at the conclusion of the auction will be charged the $500 deposit with the balance due by wire on Monday, June 24th by 1 PM EST. A $15 wire fee will apply. Currency Type: USD Shipping Instructions: Shipping for this auction will NOT be provided by Alan Frenkel Auction & Realty. Shipping is the sole responsibility of the buyer. Checkout Date & Times: Removal day of auction or on Monday, June 24th from 10AM - 3PM EST Location: 2713 Country Club Road, Sanford, FL 32771 Driving Directions: From the intersection of SR 417 (Greeneway/Eastern Beltway - Exit 52) and CR46A, go east 2 blocks on 46A to Airport Blvd, then go north 1 block to Country Club Blvd, then go west to Auction Site. Watch for AUCTION TODAY signs! Special Terms By participating in this auction, the bidder agrees to the following terms and conditions: 1. Disclaimer: All lots sell as is, where is, with all faults. Alan Frenkel Auction & Realty and the sellers do not give or make any type of guarantee or warranty regarding the lots to be sold, implied or otherwise. Alan Frenkel Auction & Realty is not responsible for incorrect listing information, if any. Alan Frenkel Auction & Realty has attempted to provide accurate descriptions of all items; however, it is the bidder's responsibility to determine the condition and suitability of each lot from the picture(s) provided or by personal inspection. Printed statements or descriptions by Alan Frenkel Auction & Realty staff are provided in good faith and are matters of opinion. 2. No Reserves: Each lot will sell to the highest bidder without reserve. 3. No Returns or Bid Retractions: All sales are final. There are no returns, refunds, bid retractions or adjustments. Bidders are cautioned to review their bid prior to pressing the “Confirm Bid” button or raising their paddle and submitting a bid. 4. Buyer's Premium: A buyer's premium of 10% of the high bid, plus an additional 2% for online bidders, will be added to the high bid to determine the final sales price for the auction lot. 5. Sales Tax: Seminole County, Florida sales tax of 7% will be added to the final selling price of all auction items. For the items on which sales tax is applicable, the sales tax applies to all purchases by all non-tax-exempt bidders. To qualify as tax exempt status, prior to bidding the bidder must email to Alan Frenkel Auction & Realty a current and active Tax Exemption Certificate along with your bidder number. (email: Alan@AlanFrenkel.com) 6. Payment: Payment in full is due by Monday, June 24th by 1:00PM EST and must be paid by wire or in person with a cashier’s check. 7. Buyer responsibility: Merchandise becomes the full responsibility of the buyer at time of being declared the high bidder and the buyer assumes all risk of loss and damage to the property purchased at that time. Alan Frenkel Auction & Realty reserves the right to resell any property not paid for in full as required or picked up by the conclusion of the stated pickup period. In any such event, the bidder is responsible for payment for the original purchase and the costs of collection of this payment and/or damages resulting from the resale of the property. 8. Inspection & Preview Dates and Times: Friday, June 21st from 9-11 AM EST and on Saturday, June 22nd from 9-10 AM or by viewing item photos posted online. Please inspect all items before bidding. Online bidders may contact Auctioneer for more details about an item if needed before bidding. 9. Pickup: All items must be picked up on Monday, June 24th, from 10AM to 3PM. Bidders are responsible for rigging, loading, and moving all items purchased, without assistance from Alan Frenkel Auction & Realty. Buyers are responsible for any damages to the premises occurring at removal of their purchase(s). All items must be picked up no later than the times specified. Any items not removed by this time will be considered abandoned property. Alan Frenkel Auction & Realty reserves the right to resell the items and retain all sales proceeds as payment for accumulated, unpaid storage and handling. Items not removed by Monday, June 24th at 3 PM will be subject to a $100 per item/per day storage fee. Please contact Auctioneer if you need special arrangements for pick up after date. 10. Shipping: Shipping for this auction will NOT be provided by Alan Frenkel Auction & Realty. Shipping is the sole responsibility of the buyer. 11. Outbid Notification: Until the auction begins to close, the bidding software will notify bidders by email when they have been outbid. After that, bidders may find out if they have been outbid by clicking the “Review Bids” button at the bottom of each page. Items the bidder is not winning will be marked with a red indicator. 12. Debt Collection and Interest Charges: The bidder agrees to pay all reasonable attorney fees and other costs incurred by Alan Frenkel Auction & Realty in its efforts to collect unpaid funds from the bidder. The bidder agrees that a fee of 2% of the outstanding balance per month be added to any unpaid balance due Alan Frenkel Auction & Realty. Any debt collection or dispute proceedings will be heard in Orange County, Florida. 13. Guaranty Agreement: By submitting a bid in the name of a business entity or corporation, the individual submitting the bid enters into a guaranty agreement whereby he or she personally guarantees payment to Alan Frenkel Auction & Realty of any bid amount not paid when due by the business entity or corporation, for any reason, together with all collection expenses incurred to enforce collection, including a reasonable attorney’s fee. 14. Limitation of Liability: If, for any reason, Alan Frenkel Auction & Realty is unable to make available or deliver any Purchase, or portion thereof, or documentation required in respect of any Purchase, the sole liability of Alan Frenkel Auction & Realty, if any, shall be the return of monies paid in respect of such Purchase upon its return by Purchaser. 15. Age Requirement: All bidders must be 18 years of age or older. 16. Bidder Information and Security: All registration information the bidder provides to Alan Frenkel Auction & Realty shall be current, complete, and accurate. All bidders are responsible for any bids placed under their bidding numbers and passwords. The security of bidder information is the responsibility of the bidder. Bidders must notify Alan Frenkel Auction & Realty if they believe that their bidder number and password have been compromised. 17. Auctioneer is providing Internet pre-auction and online, live bidding as a service to the 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 claim against Auctioneer or the Seller. Owner Information: Robert B. Morrison, Receiver for K&W Excavating, LLC. Subject to announcements made at auction!