AUCTION TERMS 200 N. 7th Mt. Vernon August 25, 2015 Sale Method: Property to be sold at Absolute Auction. This property will sell to highest bidder regardless of price. Possession: At closing Taxes: Pro-rated to date of closing Financing: Sale is NOT contingent on financing. Make arrangements prior to bidding. Registration: In order to register to bid, potential bidders must have a bank letter of guarantee and provide positive identification Earnest Money and Purchase agreement: Immediately following the close of bidding, the approved high bidder will deposit with United Country Duncan’s Auction & Realty $1000.00 earnest money and sign a purchase agreement with the seller. Balance due at closing no later than 30 days after signing of contract. Conditions and easements: subject to all easements, covenants, and restrictions on record. Buyer’s Premium: A 10% buyer’s premium will be added to high bid to determine final contract price. ONLINE bidders will pay an additional 2% internet premium for online bidding privilege. United Country Duncan’s Auction & Realty and Kim Duncan, Auctioneer/Managing Broker/Owner are Disclaimer and Absence of Warranties All information contained herein and all related materials are subject to the terms and conditions outlined in the agreement to purchase. Announcements made by the auctioneer at the time of the sale will take precedence over any previously printed material or any other oral statement made. The property is being sold “AS IS-WHERE IS”. And no warranty or representation, either expressed or implied, concerning the property is make by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries and due diligence concerning the property. The information provided is believed to be true and accurate, but is subject to verification by all parties relying on it. No liability for its accuracy errors, or omissions is assumed by the auction company or its agents. Conduct at the auction and increments of bidding are at the direction and discretion of the auctioneer. The seller and auction company reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, etc. All decisions of the auctioneer are final and all announcements made day of sale by the auctioneer take precedence over printed material or spoken information made prior to sale