Team Roberts ReMax Metro

Real Estate Professionals

Auction Form

BIDDERS TERMS OF THIS AUCTION

THIS PROPERTY is being offered upon the following terms and conditions:

1.   The purchase price (“Purchase Price”) of the property will be the highest bid price provided the reserve is met.

2.   Upon conclusion of the auction, the high bidder will be required to remit a check payable to the Insured Title Agency 5% of the winning bid amount as a non-refundable minimum earnest money deposit. The earnest money deposit will be refunded only if the Seller is unable to deliver a clean title.

3.   The Bidder shall have thirty (30) days after the auction to close on the Property. If the Bidder is not ready to close within 30 days of the auction, an extension of 7 days may be granted by the seller.

4.   This sale is not contingent upon the ability of the Bidder to secure financing, sell another property or any contingencies whatsoever.

5.   Bidder agrees the purchase is being made in AS IN CONDITION and solely based upon Bidder’s examination of the Property, and without any expressed or implied warranties of Re/Max Realtec Group, Team Roberts or the Seller. The Bidder agrees to accept the Property in its present condition, AS IS, with all faults, in all respects, subject to utility easements, zoning ordinances, and any other restrictions of record.Seller is not responsible for any removal of trash, furniture, chemicals or any other personal property and will become property of the Bidder. Bidder acknowledges the opportunity was afforded for physical, environmental, lead, radon or other inspections prior to execution of the auction and hereby waives any further right to additional inspections. No warranties as to physical condition, environmental condition, habitability, suitability to a particular purpose, tenancies, or compliance with any laws, codes or ordinances, including those relating to water supplies and septic systems are made by the Seller.

6.   Cost and responsibility for curing any deficiencies, is the Bidder’s, and the correction and cure of any deficiencies shall not be a condition of this sale or in any way affect Bidder’s obligations underthis Contract.

7.   The winning bid is legally binding until 7 P.M. on the Monday following this auction.It is theresponsibilityof Re/Max Realtec Group to provide an executed Contract by 7P.M. on the Monday following this auction.

8.   Installments for local improvements not due and payable at the time of closing shall be paid by Bidder as they become due thereafter. Bidder should not rely solely on past property taxes as a guide to future property assessments and taxes.

9.   Re/Max Realtec Group has functioned throughout the transaction as an agent exclusively for the seller.

10.   If the Bidder fails to comply with the sale terms, any and all Deposits made on account hereof shall be forfeited. The Seller shall be entitled to pursue all other available legal and equitable remedies against Bidder, including but not limited to holding Bidder liable for any deficiency resulting from a subsequent resale.

11.   In the event of any litigation arising out of this sale or any breach thereof, the successful party in any litigation shall be entitled to attorney fees and all costs of litigation.

12.   Bidder acknowledges that the auction and auction site may pose obvious, hidden, and unknown dangers, defects, and perils. Bidder agrees to assume the risk of all injury, loss, and/or death from any cause whatsoever, and to indemnify Re/Max Realtec Group, Team Roberts and Seller and hold them harmless for any injury, death, or other damage to person or property while attending the auction or at the auction site.

13.   The sale will be governed by, and construed in accordance with, the laws of the State of Florida.

14.   By accepting these terms, Bidder agrees these terms will supersede all prior discussions, negotiations and agreements, whether oral or written. Bidder may not assign any rights without Seller’s written consent.

15.   If I am the successful Bidder, I agree to immediately execute a Purchase at the end of the auction.