AUCTION TERMS 813 Apricot Ave., Mt. Vernon, IL 62864 Sale Method: Property to beOffered at a reserve auction. Min. opening bid is $50,000. Survey: No survey is provided. Possession: At closing Taxes: Pro-rated to date of closing Financing: Sale is NOT contingent on financing. Make arrangements prior to bidding. THIS MEANS ALL INSPECTIONS, APPRAISALS OR ANYTHING ELSE LENDER REQUIRES MUST BE DONE PRIOR TO BIDDING. ONCE PROPERTY IS SOLD, WINNING BIDDER IS EXPECTED TO FOLLOW THROUGH OR LOSE EARNEST MONEY. PLEASE BID ACCORDINGLY. Registration: In order to bid, potential bidders must provide bank letter of guarantee or verification of funds and positive identification. Buyers premium: A 10% buyers premium will be added to highest bid to determine final contract price. Earnest Money and Purchase agreement: Immediately following the close of bidding, the approved high bidder will deposit with Kim Duncan Auction & Realty $2,000.00 earnest money in the form of a cashiers check and sign a purchase agreement with the seller. Balance due at closing no later than 45 days after signing of contract. In the even of default by the buyer, earnest money will NOT be refunded. Conditions and easements: Sale is subject to all easements, covenants, and restrictions on record. Kim Duncan Auction & Realty and Kim Duncan Auctioneer are agents for the seller. 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 made 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. KIM DUNCAN AUCTION AND REALTY VIDEO RECORDS ALL REAL ESTATE AUCTIONS