Real Estate Auction Schedule

REAL ESTATE AUCTION SCHEDULE

Parties and Effective Date

This Auction Schedule is entered into between the Seller and the Auctioneer on the Effective Date set forth below. Seller hereby authorizes Auctioneer to conduct a public auction of the Property identified herein under the terms and conditions of this Schedule.

Effective Date:

Property Identification

Auction Terms and Schedule

Auction Date:    Start Time:    Registration Opens:

Auction Format: On-site Online Hybrid

Minimum Bid / Reserve:    Buyer Premium:    Bid Increment:

Registration, Deposits and Payment

Bidder Deposit Required at Registration: (refundable only as provided below)

Acceptable Deposit Forms: Wire Transfer Certified Check Credit Card

Balance Due at Closing:    Closing to occur within days after auction.

Inspections and Disclosures

Property available for inspection by appointment only. Inspection Period: from through . Bidders shall satisfy themselves as to condition of the Property.

Property is offered for sale on an "AS IS, WHERE IS" basis, with all faults and without representation or warranty by Seller or Auctioneer except as expressly set forth in a separate written agreement. Prospective bidders must rely on their own inspection and investigations.

Lead-Based Paint Disclosure: Yes No    Structural or Prior Material Damage: Yes No

Environmental Hazards (including known mold, underground tanks, contamination): Yes No

Commissions, Fees and Costs

Auctioneer Commission to be paid by Seller: . Buyer Premium described above is retained by Auctioneer unless otherwise stated.

Closing Costs and Title Insurance: Unless otherwise agreed, Seller shall pay costs necessary to clear title, and Buyer shall pay any lender-required charges, prepaid items, recording fees and escrow fees as set by escrow instructions.

Closing, Conveyance and Title

Conveyance: At closing Seller shall execute and deliver a marketable grant deed or other appropriate instrument conveying title free of monetary liens except permitted encumbrances. Title to be conveyed subject to easements, covenants, restrictions and any recorded matters disclosed prior to sale.

Title Insurance: Buyer shall obtain and pay for an owner's title insurance policy at Buyer's expense unless otherwise agreed in writing.

Default and Remedies

Buyer Default: If the successful bidder fails to timely perform, Seller may retain the deposit as liquidated damages or seek specific performance or other remedies at law or in equity. Seller and Auctioneer reserve the right to re-sell the Property at public auction or private sale.

Seller Default: If Seller fails to perform, Seller shall return all deposits and may be liable for Auctioneer's fees and any direct damages incurred by the Buyer as permitted by law.

Miscellaneous Provisions

Assignment: This Schedule may not be assigned by Seller without prior written consent of Auctioneer. Auctioneer may engage subagents to assist in the sale.

Governing Law: This Schedule shall be governed by and construed in accordance with the laws of the state in which the Property is located.

Entire Agreement: This Schedule, together with any separate auction terms, rider, or escrow instructions, constitutes the entire agreement between the parties with respect to the auction and supersedes all prior negotiations and understandings.

Acknowledgment and Certification

Seller certifies that Seller is the lawful owner or authorized agent for the Property and has full right and authority to list the Property for auction as described herein. Auctioneer certifies that Auctioneer is authorized to conduct the auction pursuant to applicable licensing and agrees to conduct the auction in a commercially reasonable manner.

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