SOPCHOPPY FLORIDA PROPERTY 8.70 ACRES OF LAND

PLEASE READ: At the request of the auction company, this auction permits bids to be placed by the seller or on the seller's behalf, even if such bids are placed solely for the purpose of increasing the bid. While Proxibid's Unified User Agreement prohibits this behavior, in accordance with UCC 2-328, this auction is permitted to engage in this activity by providing this clear disclosure to you, the bidder. Broker Participation: A two percent (2%) commission on the high bid price/hammer price (before inclusion of the Buyer Premium) on the real estate will be paid to any properly registered broker whose prospect purchases real estate at the auction and closes in full. Brokers must be licensed in the State of Florida and must registered and attend the auction with their prospect. Broker MUST registered via the applicable “Broker/Agent Cooperation Agreement” no less than 24 hours prior to auction start time. The “Broker/Agent Cooperation Agreement” MUST accompany this bidder (client’s) registration. Terms: Successful bidders will make a non-refundable deposit of 10% of the purchase price at the auction in the form of cash, cashier’s check, personal or company check with a bank letter of guarantee (as indicated below), sign a real estate sales contract with the balance at the closing. 10% Buyer’s Premium Added! Example: Hammer price $150,000 plus 10% Buyer’s Premium= $165,000 (Purchase Price). Deposit = $16,500 due day of sale. Closings: All real estate transactions must close within 30 days of auction day. Proration: All taxes from the current year shall be prorated as of date of closing. Buyer shall pay for the following: All closing costs (except documentary stamps on Deed), including title insurance, recording fees, survey and any other necessary costs/fees. Title: Seller will deliver Title free of liens or judgments. Affiliated Auctions & Realty has not conducted a title search on the property. If title is defective and cannot be made good within 60 (sixty) calendar days after the Seller being notified in writing of the specific defects, the Buyer may choose to render the contract null & void, and have their deposit refunded. Bank Letter Of Guarantee: All bidders must provide a valid Band Letter Of Guarantee in order to bid. Sample Guarantee Letter: As a customer of ___________ bank, we will guarantee payment of checks drawn on account # _________ not to exceed the aggregate amount of $ _____________ for purchases at the auctions of Affiliated Auctions & Realty LLC on ________, 200_ in _______ county, FL. Property is sold and conveyed “As Is” “Where Is” with any and all faults: Neither the auctioneer, Affiliated Auctions & Realty LLC., the Seller or their agent make any guarantees, representation or warranties, expressed or implied, as the condition, fitness, particular purpose, merchantability, matters of survey, quality, habitability, design or environmental status of the property. It is assumed by All that, by agreeing to these terms, the bidder has completed any and all preliminary property inspections in preparation for bidding. In bidding the bidder is relying solely on their own expertise and information. Agency Disclosure: In all transactions, the auctioneer is acting as an agent for the seller, not as buyer’s agent. Registered Bidders: At least 5 qualified bidders must be registered for the auction or the seller reserves the right to cancel the auction. Disclaimer: All information contained herein is believed to be correct to the best of the auctioneer’s knowledge. The information is being furnished to bidders for the bidder’s convenience and it is the responsibility of the bidder to determine that information contained herein is accurate and complete. Any reliance on the contents shall be solely at the recipient’s risk. Each bidder must conduct and rely solely upon his own investigation and inspection. The property is being sold “AS IS” with any and all faults. Please review all information supplied and seek the appropriate assistance prior to attending and bidding at the auction. Announcements made from the auction podium take precedence over written matter and oral statements. Note: Under Title X, the purchaser of a single family residence built before 1978 has a maximum of 10 days to inspect the property for the presence of lead-based paint. PLEASE READ: This auction company has requested and been granted access to see all bids placed including any maximum pre-bids. This auction is permitted to engage in this activity by providing this clear disclosure to you, the bidder. We thank you in advance for your cooperation as we add these important enhancements to your auctions. If you have any questions, please feel free to contact Proxibid's Risk Department at 877.505.7770.1. SHIPPING BY BIDDING, YOU ARE ENTERING A LEGAL AGREEMENT WITH AFFILIATED AUCTIONS & REALTY LLC AND HAVE ACCEPTED ALL THE TERMS AND CONDITIONS.