Design Center Auction February 7

PERSONAL PROPERTY Terms and Conditions: Personal Property: Shall include all property in the Auction {that is not considered REAL PROPERTY} to include, but not limited to, equipment, tools, machinery, transportation surplus, collections, furniture, or any item ordered sold by Personal Representative, Bank Officials, Lending Institutions, Court Order, Trustee, Executor, Executrix, Administrator, Manager or Member of any LLC, Officer or Director of any Corporation and individual and family members appointed to sell personal property, singular or plural, single offerings or multiple items in any Auction Event. Buyer's Premium: Up to a 20% Buyer Premium will be added to the winning bid, subject to a minimum $12.50 minimum charge. Subject to all payment processing to include certified funds, checks, credit cards, PayPal. ALL WIRE TRANSFERS WILL BE ASSESSED THE APPROPRIATE FEE to be paid by the purchaser. Auction Fees include: 20% Buyer's Premium, Credit Card Fees (4%), and state and local taxes. Transfer fees, shipping, handling, and/or storage fees not included. Taxes are paid based on the entire transaction that equals bid + buyers premium. Tax will be added to the entire sale through price. Example: 100 x 20% = 120.00 x tax rate. Possession of Property: Once the property is announced sold it then becomes the property of the bidder. The bidder is then immediately responsible for the item and must make or has made all arrangements necessary to secure the item. The Auctioneer will not be responsible for security of any property sold. Any item left on the property will be subject to fines or loss. The winning bidder must make arrangements to move the property within 24 hours after bid award. All moveable items shall be paid for at the time of purchase without delay. Auctioneer is not responsible and shall not be liable for the security of any items. Shipping: Any item purchased will be the sole responsibility of the purchaser. The Auctioneer will not arrange shipping nor suggesting a shipper will not be guaranteed. All costs for shipping will be paid prior to any item being released in the event the Auctioneer arranges shipping. In all other cases the purchaser shall coordinate the method, time, delivery, and choice of shipper. Auctioneer is not responsible and shall not be liable for the security of any items. Shipping is not included in the final purchase price. Purchasers are required to make arrangements for picking up any and all items. Purchasers shall make the decision to insure each item with the cost added and paid for by the purchaser. Storage, Holding, Preparation, Packing: At the option of the auctioneer, Auctioneer may store, hold, deliver, package or prepare items for delivery or shipping. Additional fees may be incurred by the purchaser in the event the purchaser elects not to pick any item in person or that does not make arrangements. In the event the purchaser does not pick up items in the time required, holding cost of $150.00 per hour of wait time and minimum daily storage fees of 50.00 per day shall apply. All invoicing to include all bids, buyers premium, taxes, and/or charges shall apply and shall be charged to the payment method on file or may be subject to collection. Purchasers shall be responsible for all costs to collect including attorneys fees, court costs and/or any cost associated with the collecting the payment. Payments: All checks are subject to cash availability and Auctioneer reserves the right to hold any items until cash funds have been presented for collection. Auctioneer shall have the authority to collect payment in the form Authorized by the purchaser and purchaser shall vie permission to collect information necessary to process payments. All payments shall be collected same day. Purchaser shall pay any fees or surcharges connected with the method of payment. Credit card payments will be final and no rebates; refunds or disputes will be allowed in connection with the purchase. Buyers acknowledge that he/she have read the requirements and will sign the buyer's acknowledgement prior to delivery and transfer of property. Personal Property Purchasers will pay in full for the total transaction/purchase price on auction day in the form of Credit Card with signed authorization or PayPal invoice, cashier's check or good personal funds accompanied by a bank letter of guarantee with up to a 20% BP added, taxes added, transfer fees added. All will require certified funds and payment in full on the day of the auction immediately after the bid award with no rights to refund. All sales are final. Condition: Auctioneer will not be responsible for the condition of any item. All property will be sold "AS IS" "WHERE IS" with any and all faults. Auctioneer will not grade the condition of the item nor cause any item to have any guarantee of condition. There will be no warranty, replacements or repairs to any item. All sales are at the risk of the buyer before, during and after the purchase. Any purchaser shall conduct his own inspection of the item prior to purchase. Condition of Property Cont: Each item shall be subject to buyer inspection. Buyers may inspect prior to bidding at appointed times or by special arrangement. Each item shall transfer in as is condition and may be subject to damage, discoloration, fractures, cracks, chips, warps or other imperfections. It is incumbent upon the purchaser to make arrangements for inspections of the property. In the event the purchaser does not inspect the property the purchaser accepts the property in the condition when the bid was placed.