TERMS & CONDITIONS OF AUCTION Upon registration for this auction, your credit card will be billed for a $500 deposit which will be refunded the same day if you are not the winning bidder. If you are the winning bidder, the $500 will be applied to the earnest money requirement due the day of the auction. 10% or $2,500, whichever is greater, down the day of the auction, as earnest money, per property, balances due on delivery of deed & marketable title. A Buyers Premium of five percent (5%) will be added to the final gavel price to determine final contract price. Purchasers to sign a cash contract at the conclusion of the auction. Closing on or before January 31, 2011 Closing to be held at Kansas Secured Title closing office, 3501 SW Fairlawn Road, Topeka, KS. 785 271-9352 for the Shawnee County property and Marshall County Abstract & Title Co, 1114 Broadway, Marysville, KS 66508-1817 (785) 562-3071 ý Buyer(s) and Seller(s) to share closing costs on a 50/50 basis in conjunction with this cash contract including title insurance. 2010 taxes to be prorated to the day of closing. All prior years taxes to be paid by the seller. Property is selling “as is, where is” subject to restrictions, reservations, easements or zoning orders if any now existing against said properties. It is the buyer’s responsibility to inspect the property prior to bidding to make their determination as to the use and condition or seek professional inspection (at buyers expense) of the property to include but not limited to roof, structural, foundation, termite, plumbing, mechanical, radon, mold, lead paint, carbon monoxide, environmental or any other inspections that buyers so wished to have had performed. Property is selling free & clear of all liens. If properties are rented or leased, said property will be sold subject to tenant rights. Sale is subject to US Bankruptcy Court Approval. All information is from sources deemed reliable, but not guaranteed. All measurements are approximate and not to scale. Purchasers agree to accept Real Estate in its present condition and have no recourse on seller(s) or sellers’ agent(s). The seller and the seller’s agents assume no liability in these matters. NOTICE TO BUYERS: Dan Kull, Auctioneer/Broker is the agent for the seller with duty to represent the seller’s interest. We cannot and will not be the agents for the buyer. All information given to agents will be disclosed to the seller