16.68 +/- ACRES DACUSVILLE HWY, EASLEY, SC (PROPERTY IS ADJACENT TO 1721 DA

AUCTION TERMS & CONDITIONS MONDAY, DECEMBER 19, 2016 16.68 +/- acres LOCATED ON DACUSVILLE HWY, EASLEY, SC (TM# 5111-00-72-9122) 1. Registration ? All bidders must register with the auctioneer and obtain a bidding number. 2. Warranty ? All property sells in ?As is, where is? condition without guarantee or warranty as to suitability for use. 3. Contract Sale Price ? The contract sales price will be determined by adding the bid price and a buyer?s premium equal to 10% of the bid price together. Example: Bid Price $1000.00 Buyer?s Premium $100.00 Contract Sales Price $1100.00 4. Following the bidding, the high bidder will execute the Contract of Sale and deposit with the auction company an amount equal to 10% of the contract sales price within 48 hours of the auction to be held in escrow and applied toward the purchase price. The balance of the sales price will be due on or before January 18 at closing. The seller reserves the right to extend the closing date an additional 30 days if necessary. 5. Closing costs including, but not limited to, attorney fees, deed stamps, deed preparation, termite letter, and survey fee to be paid by purchaser. 6. Taxes: Based on current tax year ? pro-rated to day of closing. Rollback taxes, if applicable, to be paid by purchaser. 7. Possession: At Closing 8. In the event the purchase offer is accepted and the buyer fails to comply with the terms of the Contract of Sale, then the earnest money will be forfeited, but such forfeiture shall not affect any other remedies available to seller for such failure. 9. 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 auctioneers. Personal on-site inspection 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 auctionblock take precedence over all other verbal, printed, announced and/or distributed information. 10. By registering and bidding, the bidders acknowledge they understand and agree to the terms of the auction. The bidders also agree to sign a Contract of Sale, deposit the escrow funds, and close the transaction if they are determined to be the highest bidder. 11. Seller and Buyer authorize their respective attorneys and the settlement agent to furnish to Listing Broker and Selling Broker copies of the final HUD-1 settlement statement for the transaction.