15% internet fee will be added to the final bid to determine the sale price. 10% down payment the day after the auction. The Auction Co will contact the winner to arrange the down payment. If the down payment is made by credit card there will be a 3% fee added to that amount. The balance will be due on or before May 17, 2014. TERMS AND CONDITIONS FOR ON LINE AUCTIONS PROPERTY TAXES WILL BE PRORATED TO THE DATE OF THE DEED. AT THE CONCLUSION OF THE AUCTION THE WINNER WILL BE NOTIFIED AND REQUIRED TO SIGN A PURCHASE AGREEMENT. THE SUCCESSFUL BIDDER HAS AN INSURABLE INTEREST IN THE PROPERTY AND SHOULD OBTAIN INSURANCE TO COVER THEIR INTEREST AS SOON AS POSSIBLE. THE PURCHASER WILL BE REQUIRED TO MAKE A NON-REFUNDABLE 10% GOOD FAITH DEPOSIT AT THE CONCLUION OF THE AUCTION. SHOULD THE PURCHASER DEFAULT, THE GOOD FAITH DEPOSIT WILL BE FORFEITED AND LEGAL ACTION MAY BE TAKEN AGAINST THE PURCHASER. IF THE SELLER IS UNABLE TO DELIVER A GOOD DEED,THE DOWN PAYMENT SHELL BE RETURNED TO THE PURCHASER AND THE AGREEMENT IS TERMINATED. THE GOOD FAITH DEPOSIT WILL BE PLACED IN FOLEY AUCTION & REALTY COMPANTY ESCROW ACCOUNT, WHICH IS A NON-INTEREST BEARING ACCOUNT. THE PROPERTY WILL BE CONVEYED BY DEED OF GENERAL WARRANTY. THIS AUCTION IS NOT SUBJECT TO FINANCING, APPRAISALS OR INSPECTIONS. THERE WILL BE A 15% INTERNET PREMIUM ADDED TO THE LAST BID TO DETERMINE THE FINAL SALE PRICE. THE BUYER WILL HAVE 30 DAYS TO CLOSE. ALL BIDDERS SHOULD CAREFULLY VERIFY ALL INFORMATION AND MAKE THEIR OWN DECISIONS AS TO THE ACCURACY THEREOF BEFORE BIDDING. ALTHOUGH EVERY PRECAUTION HAS BEEN MADE TO ENSURE ACCURACY, NEITHER FOLEY AUCTION AND REALTY NOR THEIR AGENTS WILL BE RESPONSIBLE FOR ANY ERRORS OR OMISSIONS OF ANY INFORMATION. THIS PROPERTY IS TO BE SOLD AS-IS WITH NO WARRANTY. IT IS THE BIDDER’S SOLE RESPONSIBILITY TO INSPECT THE PROPERTY AND BE SATISFIED AS TO ITS CONDITION BEFORE BIDDING. NO CONDITIONS MAY BE ADDED TO THE AGREEMENT BY THE PURCHASER. ALL INSPECTIONS MUST BE MADE BEFORE THE AUCTION. BY BIDDING, ALL BIDDER’S ACKNOWLEDGE THAT THEY AGREE TO THESE TERMS AND CONDITIONS.