CHISUM REALTY & AUCTION Personal PROPERTY AUCTIONEach property is subject to a minimum opening bid. If the high bid for any single property meets or exceeds the minimum opening bid, the property will be sold subject to the terms and conditions of the Purchase Agreement executed between the parties.BUYER'S PREMIUMThere is a 10% buyer's premium on all properties in this auction. The contract price on the Purchase Agreement will be calculated as the (high bid + 10% = contract price.)EARNEST MONEY DEPOSITImmediately following the close of bidding, the successful bidder will execute a Purchase Agreement and deposit the higher of either $1,000.00, or 10% of the contract price with the escrow agent.PURCHASE AGREEMENTThe Purchase Agreement is not assignable, not contingent upon financing, and not contingent upon inspections. Each buyer is responsible for obtaining their own financing. If you are not a CASH buyer, and you cannot obtain financing, DO NOT BID OR YOU MAY LOSE YOUR EARNEST MONEY. This agreement is subject to the Seller being able to provide insurable title. Buyer will pay all closing costs except for the Seller providing owners title insurance and pro-rated taxes. All adjustments of property taxes or other pro-ratable items shall be as of the Closing date. CLOSINGThe balance of the purchase price is due at closing within 30 days.DISCLOSUREEach property is being sold "as-is", "where-is", and "with-all-faults, if any. No warranty as to condition or suitability for any purpose is expressed or implied. Bidders shall rely entirely on their own information, judgment and inspection of the property and records prior to the auction. No personal property will be conveyed. Please review the ENTIRE CONTENTS OF THE PROPERTY INFORMATION PACKET. Bidding signifies agreement to all disclosures contained therein. Bidding signifies you have READ AND AGREE with terms and conditions of the auction.INDEMNIFICATIONNeither Seller nor Auctioneer shall be liable for any personal injury on the property location during any preview or inspection. Buyer assumes all risk and liability whatsoever resulting from the purchase of the properties sold hereunder, and shall defend, indemnify, and save harmless Seller and Auctioneer from any liability.COMPLAINTSUnresolved complaints may be reported to the Texas Department of Licensing and Regulation, P.O. Box 12157, Austin, Texas 78711. Auctioneer: Matthew C. Armstrong, TDLR # 17082. Chisum Realty & Auction is the broker of record, TREC # 9005615AUCTIONEERS FOR THIS AUCTION ARE SELLING AGENTS ONLY AND MAKE NO REPRESENTATIONS CONCERNING THE PROPERTY WHATSOEVER.