ASSET REALTY ADVISORS ONLINE AUCTION TERMS AND CONDITIONS If you have questions or concerns regarding this auction, please contact Mark Euton Broker/Auctioneer Ph. 513-678-7347 or email: meuton@assetiqllc.com Online Auction: The property being offered is located at 58 E. Main Street, Amelia, OH 45102. The auction will be conducted as a timed ONLINE Auction. The auction will begin on Dec. 10, 2018 @ 2:00 PM EST and end on January 9, 2019 @ 2:00 PM EST. If a bid is placed within five minutes of the bidding deadline, the deadline will be extended by an additional five minutes. The five-minute extensions will continue until no bid is placed with five minutes of the bidding deadline. You can participate in the bidding from your computer or mobile device by logging on and registering at www.AssetRealtyAdvisors.com. This auction is not contingent on or subject to the purchaser being able to obtain financing. Per the contract, 'time is of the essence'; the winning bidder should proceed to closing immediately upon being notified that their bid has been accepted. The closing must take place within 45 days of the date the online bidding ends. If the closing is delayed for any reason by the purchaser or other parties working on behalf of the purchaser including any lender the purchaser may be declared in breach of the contract, forfeit all deposits made, and could be additionally liable for any and all costs incurred by the seller and Asset Realty Advisors in a subsequent resale of the property. When you place a bid you are acknowledging that you have read and agreed to the terms of sale in the Contract to Purchase. This property is selling subject to the owner confirming the high bid amount. Registration: All bidders must register with a valid credit card to participate in the auction. Buyer Premium: A ten percent (10%) buyer premium will be added to the high bid amount to determine the full purchase amount to be paid by the purchaser. The full purchase price for the real estate is defined as the sum of the final bid amount acknowledged and accepted by the seller, plus the ten percent (10%) Buyer Premium amount which will be added to the high bid amount. Example: High bid amount of $100,000 plus a ten percent buyer premium of $10,000 making the purchase price $110,000. Contract: The Contract to Purchase will be sent by e-mail to the successful high bidder at the conclusion of the auction. The successful high winner must execute (electronically or manually) and email, fax, or hand deliver the Contract to Purchase to Asset Realty Advisors within 24 hours of receipt. Deposit: The successful high bidder must deliver an amount equal to 10% of the purchase price (inclusive of the buyer premium) to Asset Realty Advisors by wire transfer or deliver a cashier's check within 24 hours of the auction conclusion. High Bidder should contact Cindy Chambers at 513.724.1133 for wiring instructions. Delivery may be made Monday thru Friday (excluding holidays) between 9 AM & 4 PM to the offices of Asset Realty Advisors which are located at 1126 Old St. Rt. 74, Batavia, OH 45103. Auction Administrative Fee: In the event a winning bidder fails to submit an executed Purchase Contract and the earnest money deposit as provided in the Online Auction Terms & Conditions the bidder will be charged an administrative fee of $2,500.00 on the credit card provided at auction registration. All administrative fees are non refundable. Additional default remedies are reserved by Asset Realty Advisors and the Seller as provided in the Online Auction Terms & Conditions and the Purchase Contract. Collection and Attorney Fees: In the event Asset Realty Advisors or the seller has to engage counsel or collection companies to assist in enforcing any part of the auction terms and conditions or collection of all or part of the down payment or full purchase amount from any bidder, Buyer, or other such party, Buyer or other such party shall be responsible and agrees to pay for all reasonable fees including without limitation attorney fees, collection costs, and all expenses incurred by Asset Realty Advisors or seller including without limitation costs and expenses relating to evaluating, analyzing, assessing, enforcing, preparing for and conducting litigation of any kind or nature, whether or not legal proceedings are commenced. Property Inspections: All property inspections and other due diligence must be performed prior to bidding. The property is being sold in "as is, where is condition, with caveat emptor/all faults." Closings/Possession/Taxes: Closing shall take place on or before and no later than February 23. 2019. The closing shall take place at a Buyer's designated title company, attorney office, or bank, any of which shall prepare the closing statement for review and approval. The real estate is selling free and clear of any and all liens. Buyer shall receive insurable title at closing which is free and clear of all liens. The real estate taxes and any collected rents will be prorated to the date of the closing. The property will be conveyed by Warranty Deed. Possession will be given to the purchaser at closing. Agency: In all transactions Asset Realty Advisors is acting as agent for the seller, not as buyer's agent. Asset Realty Advisors reserves the right to remove or cancel the bids and or bidding rights and privileges of any party, deemed not to be in the best interest of the seller. Asset Realty Advisors or sellers may cancel the auction at anytime at their sole discretion. Disclaimer: All information contained herein and provided by Asset Realty Advisors is believed to be correct. The information is being furnished to bidders for the bidder's convenience and it is the responsibility of the bidders to determine that information contained herein is accurate and complete. Any reliance on the contents shall be solely at the recipient's risk. The property is being sold "AS IS" with any and all faults.