TERMS:

AUCTION TERMS & CONDITIONS

United Country – Excelerate Real Estate & Auction has been commissioned by the Executor of the estate to offer at a Live On-site Public Auction the residential property known as “The Styczykowski Estate” and located at 4165 Highway 82 Elgin, AZ 85611.

AGENCY DISCLOSURE: United Country – Excelerate Real Estate & Auction (“United Country”) is the agent of the Seller. You can expect United Country to be truthful and honest to all parties and provide all known facts that may affect the value to be paid for the property.

AUCTION DATES: The auction will be held on-site on Saturday, July 30th, 2016 at 12:00PM Arizona. Registration opens at 11:00AM. This live auction event will be simulcast online (live audio and video) for online bidder participation.

AUCTION REGISTRATION (ON-SITE BIDDERS): A cashier’s check made payable to the Bidder’s name in the amount of $5,000 will be required to register to bid. The winning high bidder will endorse the cashier’s check over to the title company as part of its earnest money deposit. All non-winning bidders will have their cashier’s check returned to them at the conclusion of the auction.

AUCTION REGISTRATION (ONLINE BIDDERS): To register as an online bidder, go to: http://xsellr8.hibid.com/auctions/current and follow the online registration instructions. Once registered, you need to sign the Bidder Registration and Certification found at www.AZRanchAuction.com and send into the auction office via fax (480-422-6800) or email (support@XSELLR8.auction) to be approved to bid.

AUCTION PROPERTY ADDRESS: 4165 Highway 82, Elgin, AZ 85611

AUCTION PROPERTY LEGAL DESCRIPTION: meets and bounds description (see title commitment)

AUCTION PROPERTY PARCEL #: 109-47-042 (Santa Cruz County)

BID ACCEPTANCE & PURCHASE CONTRACT: This is an auction with reserve. The high bid is subject to confirmation by the Executor of the estate. Winning bidder(s) will enter into a purchase contract immediately upon being declared the winning bidder by the United Country.

BIDDER & PROPERTY INFORMATION: Bidder and property information has been prepared to help you in evaluating and bidding on the property. Such information is available online at www.AZRanchAuction.com and includes items such as:

• Arizona Agency Disclosure

• Bidder Registration & Certification Form

• Buyer-Agent Registration Form

• Building inspection report

• Commitment for Title Insurance

• Property Tax Record

• Real Estate Auction Purchase Contract

• Seller Property Disclosure Statement

BUYER-AGENT PARTICIPATION: A 2.5% commission will be paid to the licensed real estate broker/agent whose Buyer client closes escrow on the property. To qualify, the broker/agent must register their Buyer client and abide by all terms of the Buyer-Agent Registration Form which must be received and acknowledged by the auction company.

BUYER’S PREMIUM: A 10% Buyer's Premium (auction fee) will be added to the final bid price to establish the contract sale price.

CAVEAT EMPTOR: “Let the Buyer beware” that while every effort is made by the auction company to provide accurate information, it does not accept responsibility for information presented. It is the responsibility of the Buyer and/or the Buyer’s Broker/Agent to verify the accuracy of all information presented and conduct its own independent inspections, investigation and due diligence concerning the property to its satisfaction. When in doubt, check it out. Property sells “As-Is” with no warranties expressed or implied by the Seller. Property included in the sale is the real estate and improvements.

CLOSING: The balance of the Purchase Price (which includes the Buyer's Premium) is be due via a wire transfer or certified funds to the title company on or before Tuesday, August 30th, 2016, which is the date of closing.

CONTINGENCIES: The final high bid on the property is irrevocable. The purchase IS NOT contingent upon financing, so be sure you are prepared to pay cash at closing or have arranged your financing prior to bidding. The purchase IS NOT contingent upon inspections post auction, so be sure you thoroughly inspect the property and obtain any information important to you prior to bidding.

EARNEST MONEY DEPOSIT: At the conclusion of the auction, the winning high bidder will be required to make a NON-REUNDABLE Earnest Money Deposit of at least 10% of the contract sale price. The cashier’s check required for registration shall be endorsed to the title company. The balance of the 10% Earnest Money Deposit may be paid be personal, business check or cashier’s check.

ONLINE AUCTION DISCLAIMER: Under no circumstances shall Bidder have any kind of claim against United Country – Excelerate Real Estate & Auction or anyone else if the internet service fails to work correctly before or during the auction.

POSSESSION: Possession will be given at closing, subject to the remaining rights of the current tenant, if any.

PRE-AUCTION OFFERS: The auction is subject to prior sale (the property can be purchased prior to the end of the auction) and pre-auction offers are welcome. The Seller reserves the right to cancel the auction at any time prior to the final bid closing.

PROPERTY INSPECTION DATES: The property will be held open for public inspection from 11:00AM to 3:00PM on the following dates:

Sat, July 16

Tues, July 19

Sat, July 23

Tues, July 26

Sat, July 30 (10:00am to 12:00pm)

TITLE COMPANY: Driggs Title Agency will act as the escrow agent and provide the Buyer with an Owner’s Title Insurance Policy at the Seller’s expense providing the Buyer with good and clear title. The property will be conveyed by a Warranty Deed. Real estate taxes will be prorated to the day of closing. Escrow fee will be split evenly between Seller and Buyer. Seller will pay its customary closing fees with all other fees payable by the Buyer.

The title company information is:

Carol Paolo, Senior Escrow Officer

Driggs Title Agency

3303 S. Lindsay Road, Suite 103

Gilbert, AZ 85297

480-422-7581 phone

480-295-7582 fax

carolp@driggstitle.com

Reference Order No.: 16-05-105994CP

DOCUMENTS: