Remainder Interest

Bidder agrees that the items listed below shall govern this auction and he/she agrees with them: 1. FULL PAYMENT: Wire Transfers Only! If the Auction Company requests a letter of credit/guarantee from your bank, it must be for this auction only, along with proof of identity. Payment can only be made in U.S. dollars. 2. NO WARRANTY: ALL ITEMS ARE SOLD AS IS, WHERE IS, WITHOUT GUARANTEE OF ANY KIND. The descriptions of items appearing in advertising prior to this auction are believed to be correct. Nevertheless, neither those descriptions nor any oral statements made by the Owner (or his agents or officers) or the Auctioneers (or his agents or officers) or the Auction Company (or agents or officers of) concerning any item shall be construed as a warranty, either expressed or implied. It is the bidder's responsibility to determine age, condition, genuineness, value and other attributes of the property. Bidders are encouraged to investigate the assets themselves and bid based on their opinion of value. Pictures/maps are for reference only! Entz Auction shall not be responsible for errors and omissions in the description of any items. The auction company may attempt to describe the property in advertisement, on the internet, or at the auction but make no representation. I, the Bidder, have examined/reviewed this property and accept it. 3. DISPUTES: If there are any disputes, the Auction Company’s designation of a buyer shall be final. 4. INJURY AND DAMAGE: Bidder acknowledges responsibility for any personal injury or property damage caused by the Bidder or his Agent, and further agrees to hold the Auction Company and Auctioneers harmless from any personal injury to himself or his Agents and any property damage incurred on auction premises. 5. Entz Auction is providing internet bidding as a service to bidders. Bidders acknowledge and understand that this service may or may not function correctly the day of the auction. Under no circumstances shall a bidder have any claim against Entz Auction, the Seller, Proxibid or anyone else if the internet service fails to operate correctly before or during the live auction. Entz Auction will not be responsible for any missed bids from any source. Internet bidders are aware of the proxibid-bidding pre-bid feature allowing them to leave their maximum bid 24 hours before the auction begins. Entz Auction reserves the right to withdraw or re-catalog any items in an auction. 6. If you click bid and are the high bidder, you are subject to the full Buyers Premium. Every successful Proxibid participant pays the Buyers Premium. 7. Online bidders understand that neither the Auction Company nor the seller are responsible in the event of lost or delayed signal. We attempt to provide a service to all customers, however online bidding can have issues or delays. Online bidders are aware of these possible complications and accept the outcome decided by the Auctioneer/Auction Company. 8. This is a timed, online only auction. The bidding will open May 23, 2019 at 4:00 pm Central. The bidding will close on June 6, 2019 at 4:00 Central. Any bid that is placed in the last minute of the auction will extend the auction by 5 minutes. 9. Our services are available only to, and may only be used by individuals who can form legally binding contracts under applicable law. Without limiting the foregoing, our services are not available to children (persons under the age of 18) or to temporarily or indefinitely suspended members. If you do not qualify, please do not use our service. If you are registering as a business entity, you represent that you have the authority to bind the entity to the purchase contract. 10. When you place a bid you are agreeing to be bound by these terms and conditions. By placing a bid you are entering into a legally binding and enforceable contract. 11. Your user name and password are required in order to place internet bids. Making bids in a false name or with an invalid or stolen credit card is prohibited. By placing a bid, you are making a binding and irrevocable offer to purchase the Item at any price up to the maximum bid amount you submit. Failure to complete transaction without lawful reason is not only a breach of your contract with the Seller but also a breach of this User Agreement. 12. You agree to indemnify and hold the Auction Company harmless from any claim or demand, including reasonable attorneys' fees, made by any third party due to or arising out of your breach of this Agreement or the documents it incorporates by reference, or your violation of any law or the rights of a third party. 13. You shall comply with all applicable domestic and international laws, statutes, ordinances and regulations regarding your use of our service and your bidding on, listing, purchase, solicitation of offers to purchase, and sale of items. 14. Ownership of this property will be conveyed by a Trustees Deed. Closing and transfer of ownership will take place following court confirmation. Court confirmation and closing will take approximately 30 days following the close of the auction. All parties agree time is of the essence and will close this sale as soon as documents are completed by The United States Bankruptcy Court for the Western District of Oklahoma. 15. The sale of this property is not subject to any inspections or financing. Bidders are encouraged to do any and all inspections and due diligence prior to placing a bid. Contact Allen Entz at allen@entzauction.com with any questions. I have read the bidder terms and conditions and hereby agree to the above terms and conditions of the auction