On-line Bidding Terms: 1. Schrader Real Estate and Auction Co., Inc. (the auction company) 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! 2. FOR LIVE INTERNET BIDDING: There is a 5% Buyer’s Premium added to individual items over $1,000.00 and 15% Buyer's Premium added to individual items less than $1,000.00 3. All accounts must be settled by Monday, November 30th, 2009 at 5:00 P.M. We accept wire transfer ONLY. A pre-auction authorization will be performed to establish available credit. Payment may be made by wire transfer to the auction company by prior arrangement. Titles (if any) will be sent via certified mail 14 days after full payment has been received. 4. It is the buyers responsibility to make arrangements for shipping and trucking for removal of equipment. 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. In order to have enough time to conduct authorizations, registration must be completed at least 24 hours in advance of the auction. 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 the auction company 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 2% 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 Whitley 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. 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. Buyers must make arrangements to have all purchased items removed from the sale site by 5 P.M. Mon. Dec 7th, 2009 unless prior arrangements are agreed upon, or the Seller has the right to retain the respective items and void the purchase. 12. By bidding on any item, the bidder shows acceptance of the terms of the auction. 13. The auction company reserves the right to refuse service to any person. 14. All announcements made day of auction take precedence over any and all written or verbal statements.