Auctions United of Alabama, Inc. Auction Terms & Conditions Offering Statement Coosada Ferry Road , Montogmery, Alabama 36104 Saturday, June 4th 12:00 A.M. Merging Rivers 8 lots on the Alabama River Seller: Paul Gordon Conditions of Sale: Everyone must register for a bidder’s number: To register, a prospective bidder must provide name, residence address, phone number, and a valid driver’s license. By registering, a prospective bidder is acknowledging that he or she has read and agrees to be bound by the Terms and Conditions of Sale. The owners do warrant that they have good and marketable title to the real estate and that they will convey the same with proper conveyances, free and clear from all encumbrances, liens or judgments Order of Sale: Selling the property in its entirety all for one price. Selling the property without warranties as to the condition and/or the fitness of the property for a particular use. Buyers are solely responsible for examining and judging the property for their own protection. Otherwise known as "As Is, Where Is" and "In its Present Condition." Restrictions: The Buyer shall take title subject to: Montgomery County, Alabama zoning, restrictions, reservations, prohibitions and other requirements imposed by governmental authorities; covenants, restrictions and matters appearing on record. Closing Cost: The seller will pay for the deed preparation. The buyer will be responsible for title examination and closing attorney’s fees, including, but not limited to the title insurance, loan fees, title opinions etc. Marketable title will be based upon existing deeds and descriptions. Closing Location: We will notify you as to the time, date and location of closing. Buyer’s Premium: A Ten Percent (10%) buyer's premium will be added to the final bid to establish the final Sale Contract Price and collected today. Taxes: All property taxes will be pro-rated to date of closing. Terms: 10% down with the balance due at closing within 30 days. Escrow: All earnest money collected today will be placed in our Alabama Real Estate Escrow account. Possession: Will be 30 days after closing. Confirmation: Selling subject to seller’s approval. Buyers Note: r. Seller and Auctions United of Alabama, Inc. reserve the right to amend any terms and conditions of the auction by announcing such changes prior to or during the auction. All information published, announced, or contained herein was derived from sources believed to be correct; however; it is not guaranteed by the seller or the auctioneer. Personal on site inspection of all lots, tracts and personal property is recommended. The failure of any bidder to inspect, or to be fully informed as to the condition of the property, will not constitute grounds for any claim or demand for adjustment or withdrawal of bid, offer or deposit money after its opening tender. Any and all announcements made from the auction stand take precedence over all other verbal, printed, announced and/or distributed information. Auctions United of Alabama, Inc. is the agent of the seller and their fiduciary duties of loyalty and faithfulness are owed to their client (the Seller). Bidder acknowledges receipt of the printed terms and conditions and hereby agrees to them, which is acknowledged by his/her signature below. _______________ _________________________________________________________________ Number Printed name of registered Bidder _______________ _________________________________________________________________ Phone Street City State Zip _______________ _________________________________________________________________ Date Signature E-Mail Address: ___________________________________________________________________________ I certify that I have provided the Registered Bidder name above with a copy of this “Notice of Auctions Information, Terms and Conditions: ________________________________________________ _____________________________ Name of Broker or Sales Associates Date Registration Requirements: • Valid Driver’s License, Passport or Government ID • Bank Letter • Tax Exemption for Dealers • Used Vehicle Dealers License for Dealers Bidding Process: • After completing the registration process, you are now ready to participate in the auction. • All property is sold “As Is Where Is” Condition: All information was obtained from sources assumed to be correct but is not guaranteed by Auctions United, Inc. Payment: • Settlements should be paid in full on the day of auction unless work out with auction prior to sale. • We gladly accept cash, check, money order or wire transfers (Call 800-222-5003 for wiring instructions Pre-approved financing is available for pre-approval. Contact Jim Givens @ 800-222-5003 or jimgivens@auctionsunited.com Titles: • Titles must accompany all vehicles, trailers and equipment upon consignment and delivered to the office. • Titles must be cleared for any discrepancies. Should there be a lien on the vehicle, trailer or equipment, the lending institution must be contacted and a letter from such must be submitted to Auctions United, Inc. with a payoff figure and to whom to grant the funds. • A $25.00 title fee will be charged to each vehicle, trailer or equipment to both the buyer and seller. • If the title isn’t signed by the seller, a Limited Power of Attorney is to be signed for Auctions United, Inc. to handle all title work. • Georgia Title Requirements Vehicles 1985 or older doesn’t require a title, but may still carry one. Trailers weighting over 2000 pounds and 1986 or older must be titled 10 years of age or newer requires an odometer reading. Vehicles titled in other states must comply with that state requirement. • ALL VEHICLES, TRAILERS, AND EQUIPMENT NOT CONFORMING TO THESE REQUIREMENTS WILL NOT BE SOLD. Buyer Information Registration Requirements: • Valid Driver’s License, Passport or Government ID • Bank Letter • Tax Exemption for Dealers • Used Vehicle Dealers License for Dealers Bidding Process: • After completing the registration process, you are now ready to participate in the auction. • All property is sold “As Is Where Is” Condition: All information was obtained from sources assumed to be correct but is not guaranteed by Auctions United, Inc. Payment: • Settlements should be paid in full on the day of auction unless work out with auction prior to sale. • We gladly accept cash, check, money order or wire transfers (Call 800-222-5003 for wiring instructions Pre-approved financing is available for pre-approval. Contact Jim Givens @ 800-222-5003 or jimgivens@auctionsunited.com Titles: • Titles must accompany all vehicles, trailers and equipment upon consignment and delivered to the office. • Titles must be cleared for any discrepancies. Should there be a lien on the vehicle, trailer or equipment, the lending institution must be contacted and a letter from such must be submitted to Auctions United, Inc. with a payoff figure and to whom to grant the funds. • A $25.00 title fee will be charged to each vehicle, trailer or equipment to both the buyer and seller. • If the title isn’t signed by the seller, a Limited Power of Attorney is to be signed for Auctions United, Inc. to handle all title work. • Georgia Title Requirements Vehicles 1985 or older doesn’t require a title, but may still carry one. Trailers weighting over 2000 pounds and 1986 or older must be titled 10 years of age or newer requires an odometer reading. Vehicles titled in other states must comply with that state requirement. • ALL VEHICLES, TRAILERS, AND EQUIPMENT NOT CONFORMING TO THESE REQUIREMENTS WILL NOT BE SOLD.