PUBLIC AUCTION - AR ROOFING & CONTRACTORS SIMULCAST AUCTION - June- 20/21, 2018 TERMS AND CONDITIONS OF AUCTION (2) DAY LIVE AND ONLINE AUCTION AR Commercial Roofing and Contractors Owner Retiring after 50 Years! Wed., June 20 and Thurs., June 21st * 9 A.M. 6509 Hart Street * 1055 Forest Ave * 1020 S. Handley Dr. Fort Worth, Texas 76112 Complete Liquidation and Offering the Real Estate Selling all Metalworking and Fabrication Equipment, (13) Pickups, Passenger Vans, Peterbilt Truck, Light Duty Cube Vans; Stake Bed Dump Truck, Building and Roofing Materials to the highest bidder. Real Estate to be Offering. Auction Highlights: JORNES AG Twin-Matic 125, 18 GA. CNC Press Brake; Schechtl D-83533 Edling, 18 gauge Metal Shear; Commercial roofing repair equipment, Peterbilt Truck with sleeper, Fontaine drop deck trailer; Pickups, Dump Bed Trucks; 1987 GMC Crane Truck, 1996 Int'l 4700 T444E Service Truck w/Rawson Koenig Utility Bed, SKYTRAK 6034 Boom Lift; 1200 and 650 Gallon Portable Hot Tar Kettles; Fabrication equipment; Miller Welders, Bridgeport Mill, Metalworking and Cutting equipment; PEXTO shears; Bridgeport Mill; Wilder Workhorse Slitter; Scotchman 40 ton Ironworker; Roper Whitney hand brake; Razorback RideOn Concrete Finishers; Manual shears and brakes; Famar roll; Ceiling insulation; Roofing tile; Welders; Lockformer Pittsburg, Chicago S1018, 18 GA. Mechanical brake; Contractor tools; Commercial racking and shelving; Cantilever racking; Concrete cutting equipment; Concrete finishing equipment; Roofing materials; Sheet metal; Storage vans; Joy Portable Compressor and Light Tower; 2003 BIG TEX Gooseneck trailer; Utility, Cargo and Flatbed trailers; Roofing repair equipment; Material Handling equipment; Backhoe/Loader Buckets; Forklifts; Aerial lift; Jib Cranes; (8) 40' & 38' Tanker trailers to transfer roofing tar; Air Compressors; Jacobsen 4 WD Super Light Fairway Mower, Tennant 528 Driving Floor Machine, Steel work tables and Benches; Power tools; Fiberglass Ladders; Gang boxes; Heavy duty steel material racks; Scaffolding; (2) Steel Trusses; Diamond Plate Alum. 3 Dr. Dog Kennel; 1000's of pcs. Monioro French Clay Roof Tile by Boral; Office Assets: Nice Office furniture; File cabinets; Executive desk; Bookcases; Lobby furniture; Printers; Computers; etc. (3) COMMERCIAL PROPERTIES TO BE OFFERED: 6509 Hart St., 1055 S. Forest Avenue and 1020 S. Handley Drive located just east of Loop 820 between busy E. Rosedale St. and E. Lancaster Ave. 1) 6509 Hart Street includes all real estate under fence from Handley Dr., and includes the office, (4) metal buildings and a machinery/repair shed (property is fenced and fortified). 2) 1055 S. Forest Ave is currently Architectural Sheet Metal, Inc., (shop has multiple bay doors and fenced). 3) 1020 S. Handley Drive is currently is being used as a retail auto sales lot. Contact Auctioneer Mike Jones, Broker for complete Terms and Conditions for the Real Estate: 214-906-5265. Terms and Conditions for Equipment and Personal Property AR Commercial Roofers and Contractors Wednesday, June 20 and Thursday, June 21, 2018 1). ALL BIDS ARE MADE AND RECEIVED UNDER THE TERMS HEREINAFTER SET FORTH. BIDDERS AGREE BY MAKING THEIR BID AT THE SALE. THESE TERMS CANNOT BE ALTERED EXCEPT BY THE AUCTIONEER. NO EMPLOYEE HAS AUTHORITY TO MODIFY SAME. THE OWNER AND/OR AUCTIONEER RESERVE THE RIGHT TO ADD OR MODIFY THE TERMS OF THE SALES. 2). REGISTRATION: All bidders must register before bidding. All bidders are required to provide a copy of a government issued I.D. with photo, their full name, company name, address, phone, fax, email address and bank information when registering. 3). INSPECTION: 9 a.m. to 4 p.m., Tuesday June 19th and 7 a.m. Sale Days. 4). BUYERS PREMIUM(S): A 10% (Ten Percent) Buyer's Premium will be added to ALL ONSITE purchases. A 15% (Fifteen percent) Buyer's Premium will be added to all ONLINE PURCHASES. 5). ONLINE REGISTRATION: Online bidders will be required to use a credit or debit card for a deposit. In order to bid via the internet, your credit or debit card will be assessed a 100% refundable $500 deposit (U.S. funds) processed through Bidspotter.com, a fully secure and PCI compliant registration process. The bidder may use their deposit towards their balance or once all invoices have been paid in full, the deposit may be refunded. If you are unsuccessful in the auction, your card will be refunded your deposit within 24 (Twenty Four) hours post auction. 6). PAYMENT(S): FULL PAYMENT MUST BE MADE ON EACH SALE DAY: United-Strategic Client Services, LLC, (United-SCS) DOES accept credit cards for auction invoice payments. All payments must be made by Cash, Cashier's Check, VISA, MASTERCARD, DISCOVER, AMERICAN EXPRESS or by Wire Transfer with 25% (Twenty Five) percent down payment day of sale. Personal or Company Check will be accepted with a verifiable Bank Letter of Guarantee made out to United-Strategic Client Services, LLC (United-SCS). Under absolutely no circumstance may a successful bidder stop payment on a check or reverse charge on a credit card purchase. Here is an example of what your letter should be: [Mr. "Customer Name" representing "Company Name" is a customer of this bank. This bank will guarantee unqualified payment to United-Strategic Client Services, LLC on the account listed herein up to the amount of $_______________ . This letter is good until (insert expiration date 30 days from sale date). 7). All deposits and balances due shall be payable to the order of United-Strategic Client Services, LLC unless instructed otherwise. All payments must be paid to United-SCS at the location directed by the Auctioneers on sale day or by wire transfer directly to the bank specified in the wire transfer instructions provided for this Live and Online auction. 8). CREDIT CARD PURCHASES: A 2.5% (Two Point Five) Percent convenience fee will be added to the total invoice of all purchases paid by credit card. Under absolutely no circumstance may a successful bidder stop payment on a check or reverse charge on a credit card purchase. By registering, the Bidder hereby expressly authorizes United-SCS to charge the Credit Card presented if the Bidder fails to pay any invoice within twenty four (24) hours after each invoice is issued to Bidder. All bids must be paid in full within 24 (Twenty Four) hours after the bids have closed. The Auctioneer shall determine the bidding increments. Some items may be auctioned with reserve. 9). REMOVAL: Purchases on sale days that can be hand carried may be removed each day during the auction with a paid receipt. No items may be removed during auction via motorized fork truck. All purchases may be removed 9 a.m. to 5 p.m., Friday, June 22, Saturday, June 23 and Monday, June 25th. DEADLINE: All purchases must be removed from the properties by 5 p.m., Monday, June 25th unless Buyer has written exception from the Auction Company. All purchases must be paid in full prior to removal. NO EXCEPTIONS! Removal shall be at the expense, risk and liability of the Purchaser. Auctioneer shall not be responsible for goods not removed within the designated removal times. 10). INSURANCE REQUIREMENTS FOR RIGGERS, MOVERS, ELECTRICIANS AND SERVICE PROVIDERS: Riggers, movers, electricians, service providers and buyers performing work at the Auction Sites must provide Auctioneer with evidence of a minimum of $1,000,000 (One) million dollar General Liability insurance policy and add United-SCS and AR Roofing as additionally insured. The insurance coverage must be at a level acceptable to Auctioneer and to the Seller to gain access to the facility. All policies should be provided to Auctioneer by 12 Noon, Wednesday, June 20, 2018. Call Auctioneer if you have any questions, 214-906-5265. 11). DISCLAIMER: THE AUCTIONEER SHALL NOT BE RESPONSIBLE FOR THE CORRECT DESCRIPTION, GENUINENESS, AUTHENTICITY OF, OR DEFECT IN ANY LOT, AND MAKES NO WARRANTY IN CONNECTION THEREWITH. NO SALE SHALL BE SET ASIDE NOR ALLOWANCE MADE ON ACCOUNT OF ANY INCORRECTNESS, ERROR IN CATALOGING, OR ANY IMPERFECTION NOT NOTED. NO DEDUCTION ALLOWED ON DAMAGED ARTICLES, ALL ARTICLES BEING DISPLAYED FOR PUBLIC EXHIBITION, AND SOLD "AS IS" AND WITHOUT RECOURSE. ARTICLES ARE NOT WARRANTED AS MERCHANTABLE OR FIT FOR ANY PARTICULAR PURPOSE, AND NO CLAIM MAY BE MADE BY PURCHASER RELATING TO THE CONDITION OR USE OF ARTICLES PURCHASED, OR FOR PROXIMATE OR CONSEQUENTIAL DAMAGES ARISING THEREFROM. ALL LOTS ARE SOLD SUBJECT TO APPROPRIATE STATE OR LOCAL SALES TAX. 12). DESCRIPTION DISCLOSURE: Although all information has been obtained from sources deemed reliable, the auctioneer and seller make no warranty or guarantee, expressed or implied, as to the accuracy of the information herein contained, or contained in our catalog. It is for this reason that buyers should avail themselves of the opportunity to make inspection prior to the auction. Although it is not likely, auction sales are subject to cancellation or postponement. Auctioneer recommends all prospective bidders review the Auctioneers website prior to the Auction for all last minute notices and announcements and prior to all travel. 13). SAFETY DISCLOSURE REGARDING ASSETS: Articles purchased may not incorporate approved activating mechanisms, operating safety devices or safety guards, as required by OSHA or otherwise. It is Purchaser's responsibility that articles purchased be so equipped and safeguarded to meet OSHA and any other requirements before placing such articles into operation. Purchaser agrees to indemnify and hold Auctioneer harmless from and against all claims and liabilities relating to the condition or use of the articles purchased or failure of user to follow instructions, warnings or recommendations of the manufacturer, or to comply with federal, state and local laws applicable to such articles, including OSHA requirements, or for proximate or consequential damages, costs or legal expenses arising therefrom. 14). HOLD HARMLESS: Auctioneer shall not, in any event, be liable for non-delivery or any other matter or thing, to any Purchaser of any lot other than for the return to the Purchaser of the deposit or sum paid on said lot, should the Purchaser be entitled thereto. In default of payment of bills in full within the time therein specified, the Auctioneer in addition to all other remedies allowed by law, may retain all monies received as deposit or otherwise, as liquidated damages. Lots not paid for and removed within the time allowed herein may be resold at public or private sale without further notice, and any deficiency, together with all expenses and charges of re-sale, will be charged to the defaulting Purchaser. 15). NOT RESPONSIBLE FOR ACCDIDENTS, FIRE OR THEFT: Persons attending the inspection, sale or removal of goods assume all risks of damage of or loss to person and property and specifically release the Auctioneer AND Owner from liability therefor. Neither the Auctioneer nor his principal shall be liable by reason of defect in or condition of the premises on which the sale is held. 16). DECISION OF AUCTIONEER IS FINAL: The Auctioneer reserves the right to withdraw from sale any of the property listed or to sell at this sale property not listed, and also reserves the right to group one or more lots into one or more selling lots or to subdivide into two or more selling lots. Whenever the best interest of a Seller will be served, the Auctioneer reserves the right to sell all the property listed, in bulk. The record of sale kept by the Auctioneer will be taken as final in the event of any dispute. ESTIMATED QUANTIES: Where items are sold by estimated weight, count or measure, the Purchaser will be billed for and required to pay for the estimated weight, count or measure. If, upon delivery, any shortage exists, the Purchaser will receive a refund at the rate of purchase. If there be an excess, the Purchaser will be required to pay for such excess, at the rate of purchase. Any and all adjustments must be made prior to removal. AGENTS AND AGENTS ONLY: Auctioneer is an Agent and Agent only and represents the Seller. The Auctioneer reserves the right to reject any and all bids, alter the order of sale, and accept bids made on behalf of the Seller or his representative. The Auctioneer is acting as agent only and is not responsible for the acts of its principals. Purchaser acknowledges, as an inducement to Seller to commit Purchaser to bid, that Purchaser has independently inspected the goods bid upon by the Purchaser, and acknowledges to the Seller that Purchaser is acquiring all goods "AS IS, WITH ALL FAULTS" and "WITH REMOVAL AT PURCHASERS' RISK AND EXPENSE" and agrees to protect, indemnify and hold harmless the Seller from any and all claims, demands, causes of actions, liabilities and judgments relating to the conditions or use of the goods. Seller, if not the same as the Auctioneer, shall have the rights, protections and benefits afforded to the Auctioneer as set forth herein. ANY ADDITIONAL PROVISIONS OR AMENDMENTS TO THE ABOVE LISTED TERMS WILL BE POSTED TO THE LIVE AND ONLINE SALE WEB PAGE BY THE AUCTIONEER PRIOR TO THE START OF BIDDING. PLEASE GO TO WWW.BIDINDUSTRIALAUCTIONS.COM AND WWW.BIDSPOTTER.COM http://www.united-scs.com/portfolio/commercial-roofing-auction/ I, the Bidder/Buyer, confirms that I will accept the property/merchandise in its current condition. _____________________________________________ Date _______________ Bidder/Buyer REAL ESTATE TERMS AND CONDITIONS: REAL ESTATE TERMS AND CONDITIONS LOCATION OF PROPERTY: AR Roofing 6509 Hart St, Fort Worth, TX, 76112 1. SALE: The Property will be sold via a Private Auction. The online bidding will start on Friday, June 15 at 8:00 AM Central Time and end June 19 at 11:59 PM. The simultaneous live and online auction will start at 9:00 AM Central Time on Wednesday, June 20, 2018. The auction will be held simultaneously, both online and live bids will be called by the auctioneer starting on June 20th and 21st. The live portion of the auction will be located at 6509 Hart St, Fort Worth, TX, 76112. The online auction details can be found at www.bidindustrialauctions.com. 2. BIDDER PACKAGES: An informational packet relating to the properties may be obtained by prospective bidders by contacting 800-485-8214 or info@united-scs.com. Bidder Packages are not designed to replace the bidder's responsibility of conducting their own due diligence with respect to the properties. It is solely a source of information which has been gathered and designed to help Bidders with the inspection and information process. We recommend that potential bidders monitor www.bidindustrialauctions.com for updates. 3. PROPERTY INSPECTIONS: All interested bidders are highly encouraged to view the properties prior to placing any bids at the auction. The properties shall be shown by appointment and scheduled previews posted on the website. To inspect the properties, please contact us to schedule an appointment at 800-4858214 or info@united-scs.com 4. BROKER PARTICIPATION: A THREE PERCENT (3%) Buyer’s Broker commission (based on High Bid) will be paid to any properly licensed Real Estate Agent or Broker who 1) registers prior to the end of the auction AND 2) represents a winning buyer, which successfully closes on each property. All commissions (including Buyer's Broker Fees) shall be paid out at closing. To qualify for a Buyer's Broker Commission, the real estate Broker must be a licensed real estate broker or agent in the state of Texas, who is not prohibited by law from being paid such commission and has completed the required Buyer's Broker Registration form provided by the auction company. Please refer to the form for additional details regarding registration deadlines for brokers and agents. 5. 10% BUYERS'S PREMIUM: A TEN PERCENT (10%) Buyer's Premium will be added to the high bid on each property. The total contract price will be equal to the high bid plus the Buyer's Premium. 6. PROPERTY CONDITION: The information given in this auction is subject to inspection and verification by all parties. No liability for its accuracy, errors or omissions is assumed by the Seller, Auctioneer or its Agent(s). Any information contained in the listing and all related materials are subject to the Terms and Conditions of the Auction Real Estate Sales Contract and Bidders will accept all terms of the Auction Real Estate Sales Contract without any amendment upon Seller’s acceptance of a high bid. The properties are being sold "AS IS, Where Is" with all faults. Bidder's complete and thorough inspection of the properties is highly recommended prior to placing bids at the auction. Any or all of the properties listed may be withdrawn or modified without notice at any time. 7. MINERAL RIGHTS: All mineral rights will be retained by seller. 8. AUCTION PROCEDURE: The parcel shall be sold at Reserve Auction. The Auctioneer shall at his sole discretion offer the properties in any order, format, group or bid increment, which he determines is in the 2 best interest of the Seller. 9. REGISTRATION: Bidders will be required to register prior to the auction starting. Auction terms and conditions will be presented online or upon request for ALL bidders to review prior to bidding. The Seller and Auctioneer reserve the right to refuse admittance to or expel anyone from the auction activities who may create a distraction from the auction, bid rigging, canvassing, soliciting or other reasons deemed necessary by the Auctioneer. Registered bidders must allow reasonable and sufficient time for the bidder qualification process, including providing financial documents and required deposits which are outlined below. 10. QUALIFYING TO BID: Registered bidders may be asked to show proof of their financial ability to close. Financing is not a contingency of the sale. The Auctioneer may require a bank statement, a brokerage statement or a financial institution letter showing sufficient funds to close on the purchase up to the amount that you plan to bid. 11. REQUIRED DEPOSIT(S) TO BID: All registered bidders will be required to deposit funds to bid at the auction. If bidding on Lot #1: 6509 Hart St, a $25,000 deposit will be required to bid. If bidding on Lot #2: 1055 Forest Ave. a $10,000 deposit is required. If bidding on Lot #3: 1020 S. Handley Dr. a $10,000 deposit is required. If bidding on them all, a $25,000 deposit is required. A registered bidder may deposit the funds in two ways: a. The deposit may be placed in the Real Estate Broker’s escrow account by wiring the sufficient funds. Wiring instructions will be provided upon request. The wire must be received prior to the Auctioneer approving the bidder to bid in the auction and may take up to 2 business days. b. Bidders may present a cashier’s check to the Auctioneer on the day of the sale or prior to the sale. Cashier’s checks should be made payable to your name, the bidder. 12. BIDDER DEPOSIT: For any bidders who are not the high bidder, either the cashier’s check will be returned to you immediately or if wired, a return wire will be initiated within 48 business hours following the completion of the auction. 13. HIGH BIDDER REQUIREMENTS: Immediately following the close of the auction, the high bidder will be required to place (10%) ten percent of the total contract price down as earnest money by personal check or business/company check. Also, the high bidder must sign an Auction Real Estate Sales Contract without any amendment or revision thereto. The bidder registration deposit will be immediately transferred to the Title Company and the auctioneer will deliver the remainder of the 10% to the title company within 24 business hours of the auction ending. The balance of the total contract price shall be due from the buyer at closing. Electronic signatures may be collected using DocuSign for the Auction Real Estate Sales Contract and must be completed immediately following the auction. 14. FINANCING: The sale is not contingent on Buyer’s ability to obtain financing. Buyers should arrange for their financing prior to the auction up to the amount that you plan to bid. 15. CLOSING: Closing shall be on or before Forty-five (45) days following the date of the auction. Possession shall be delivered to the buyer at closing. All escrow monies and the closing shall be held at Rattikin Title. Their address is 4536 Hartwood Drive, Fort Worth, TX 76109. Buyer may purchase at Buyer’s expense an Owner's Title Insurance Policy covering the described properties, in the amount of the total contract price and Seller shall transfer title with a Special Warranty Deed. All monies bid/or paid in this auction shall be in U.S. currency. 3 16. TAXES: The current year’s Property Taxes shall be prorated between Seller and Buyer at Closing based upon the amount of taxes for the prior year. All unpaid taxes for prior years, if any, shall be the responsibility of Seller. Buyer shall assume the payment of taxes for the year of Closing and all subsequent years. 17. EASEMENTS AND LEASES: Sale of said properties is subject to any and all easements of record and any and all leases. 18. AGENCY: United Country Strategic Client Services, LLC and its Agents, Representatives, Auctioneers and Employees are Exclusive Agents of the Seller. 19. DISCLOSURES: The information provided in this auction is subject to inspection and verification by all parties. No liability for its accuracy, errors or omissions is assumed by the Seller, Auctioneer or its Agent(s). Any information contained in the listing and all related materials are subject to the terms and conditions of the Auction Purchase and Sale Agreement. The properties are being sold "As Is, Where is" with all faults. Bidder's complete inspection of the property is highly recommended prior to placing any bids at the auction. Any announcements made on auction day will take precedence over all printed materials. Any of the properties listed may be withdrawn or modified without notice at any time. The Seller and Auctioneer reserve the right to refuse admittance to or expel anyone from the auction activities who may create a distraction from the auction, bid rigging, canvassing, soliciting or other reasons deemed necessary by the Auctioneer. All monies bid and/or paid in this auction shall be in U.S. currency. 20. TECHNOLOGICAL ISSUES: The auction website and/or technology may, from time to time, not operate as intended, at normal speed, with full functionality, or at all. In our sole discretion, the auction website and/or technology may cease to operate for any amount of time, and limitations upon the functionality or use of the Website by the end user may result. Any decision to cease the activity of the Website is solely at the Auctioneer’s discretion. The Auctioneer assumes no responsibility for any technological issues that may occur before or during the auction. If buyers have a concern with the potential technology issues and its functionality, the Auctioneer highly recommends the bidders to attend the onsite auction. AUCTION CONDUCTED BY United Strategic Client Services, LLC Mike Jones, CAI, GPPA, BAS, AARE TX Broker # 339614 TX Auctioneer license # 6756 5430 LBJ Freeway, Suite 270 Dallas Texas 75240 800-485-8214 info@united-scs.com REAL ESTATE TERMS AND CONDITIONS LOCATION OF PROPERTY: AR Roofing 6509 Hart St, Fort Worth, TX, 76112 1. SALE: The Property will be sold via a Private Auction. The online bidding will start on Friday, June 15 at 8:00 AM Central Time and end June 19 at 11:59 PM. The simultaneous live and online auction will start at 9:00 AM Central Time on Wednesday, June 20, 2018. The auction will be held simultaneously, both online and live bids will be called by the auctioneer starting on June 20th and 21st. The live portion of the auction will be located at 6509 Hart St, Fort Worth, TX, 76112. The online auction details can be found at www.bidindustrialauctions.com. 2. BIDDER PACKAGES: An informational packet relating to the properties may be obtained by prospective bidders by contacting 800-485-8214 or info@united-scs.com. Bidder Packages are not designed to replace the bidder's responsibility of conducting their own due diligence with respect to the properties. It is solely a source of information which has been gathered and designed to help Bidders with the inspection and information process. We recommend that potential bidders monitor www.bidindustrialauctions.com for updates. 3. PROPERTY INSPECTIONS: All interested bidders are highly encouraged to view the properties prior to placing any bids at the auction. The properties shall be shown by appointment and scheduled previews posted on the website. To inspect the properties, please contact us to schedule an appointment at 800-4858214 or info@united-scs.com 4. BROKER PARTICIPATION: A THREE PERCENT (3%) Buyer’s Broker commission (based on High Bid) will be paid to any properly licensed Real Estate Agent or Broker who 1) registers prior to the end of the auction AND 2) represents a winning buyer, which successfully closes on each property. All commissions (including Buyer's Broker Fees) shall be paid out at closing. To qualify for a Buyer's Broker Commission, the real estate Broker must be a licensed real estate broker or agent in the state of Texas, who is not prohibited by law from being paid such commission and has completed the required Buyer's Broker Registration form provided by the auction company. Please refer to the form for additional details regarding registration deadlines for brokers and agents. 5. 10% BUYERS'S PREMIUM: A TEN PERCENT (10%) Buyer's Premium will be added to the high bid on each property. The total contract price will be equal to the high bid plus the Buyer's Premium. 6. PROPERTY CONDITION: The information given in this auction is subject to inspection and verification by all parties. No liability for its accuracy, errors or omissions is assumed by the Seller, Auctioneer or its Agent(s). Any information contained in the listing and all related materials are subject to the Terms and Conditions of the Auction Real Estate Sales Contract and Bidders will accept all terms of the Auction Real Estate Sales Contract without any amendment upon Seller’s acceptance of a high bid. The properties are being sold "AS IS, Where Is" with all faults. Bidder's complete and thorough inspection of the properties is highly recommended prior to placing bids at the auction. Any or all of the properties listed may be withdrawn or modified without notice at any time. 7. MINERAL RIGHTS: All mineral rights will be retained by seller. 8. AUCTION PROCEDURE: The parcel shall be sold at Reserve Auction. The Auctioneer shall at his sole discretion offer the properties in any order, format, group or bid increment, which he determines is in the 2 best interest of the Seller. 9. REGISTRATION: Bidders will be required to register prior to the auction starting. Auction terms and conditions will be presented online or upon request for ALL bidders to review prior to bidding. The Seller and Auctioneer reserve the right to refuse admittance to or expel anyone from the auction activities who may create a distraction from the auction, bid rigging, canvassing, soliciting or other reasons deemed necessary by the Auctioneer. Registered bidders must allow reasonable and sufficient time for the bidder qualification process, including providing financial documents and required deposits which are outlined below. 10. QUALIFYING TO BID: Registered bidders may be asked to show proof of their financial ability to close. Financing is not a contingency of the sale. The Auctioneer may require a bank statement, a brokerage statement or a financial institution letter showing sufficient funds to close on the purchase up to the amount that you plan to bid. 11. REQUIRED DEPOSIT(S) TO BID: All registered bidders will be required to deposit funds to bid at the auction. If bidding on Lot #1: 6509 Hart St, a $25,000 deposit will be required to bid. If bidding on Lot #2: 1055 Forest Ave. a $10,000 deposit is required. If bidding on Lot #3: 1020 S. Handley Dr. a $10,000 deposit is required. If bidding on them all, a $25,000 deposit is required. A registered bidder may deposit the funds in two ways: a. The deposit may be placed in the Real Estate Broker’s escrow account by wiring the sufficient funds. Wiring instructions will be provided upon request. The wire must be received prior to the Auctioneer approving the bidder to bid in the auction and may take up to 2 business days. b. Bidders may present a cashier’s check to the Auctioneer on the day of the sale or prior to the sale. Cashier’s checks should be made payable to your name, the bidder. 12. BIDDER DEPOSIT: For any bidders who are not the high bidder, either the cashier’s check will be returned to you immediately or if wired, a return wire will be initiated within 48 business hours following the completion of the auction. 13. HIGH BIDDER REQUIREMENTS: Immediately following the close of the auction, the high bidder will be required to place (10%) ten percent of the total contract price down as earnest money by personal check or business/company check. Also, the high bidder must sign an Auction Real Estate Sales Contract without any amendment or revision thereto. The bidder registration deposit will be immediately transferred to the Title Company and the auctioneer will deliver the remainder of the 10% to the title company within 24 business hours of the auction ending. The balance of the total contract price shall be due from the buyer at closing. Electronic signatures may be collected using DocuSign for the Auction Real Estate Sales Contract and must be completed immediately following the auction. 14. FINANCING: The sale is not contingent on Buyer’s ability to obtain financing. Buyers should arrange for their financing prior to the auction up to the amount that you plan to bid. 15. CLOSING: Closing shall be on or before Forty-five (45) days following the date of the auction. Possession shall be delivered to the buyer at closing. All escrow monies and the closing shall be held at Rattikin Title. Their address is 4536 Hartwood Drive, Fort Worth, TX 76109. Buyer may purchase at Buyer’s expense an Owner's Title Insurance Policy covering the described properties, in the amount of the total contract price and Seller shall transfer title with a Special Warranty Deed. All monies bid/or paid in this auction shall be in U.S. currency. 3 16. TAXES: The current year’s Property Taxes shall be prorated between Seller and Buyer at Closing based upon the amount of taxes for the prior year. All unpaid taxes for prior years, if any, shall be the responsibility of Seller. Buyer shall assume the payment of taxes for the year of Closing and all subsequent years. 17. EASEMENTS AND LEASES: Sale of said properties is subject to any and all easements of record and any and all leases. 18. AGENCY: United Country Strategic Client Services, LLC and its Agents, Representatives, Auctioneers and Employees are Exclusive Agents of the Seller. 19. DISCLOSURES: The information provided in this auction is subject to inspection and verification by all parties. No liability for its accuracy, errors or omissions is assumed by the Seller, Auctioneer or its Agent(s). Any information contained in the listing and all related materials are subject to the terms and conditions of the Auction Purchase and Sale Agreement. The properties are being sold "As Is, Where is" with all faults. Bidder's complete inspection of the property is highly recommended prior to placing any bids at the auction. Any announcements made on auction day will take precedence over all printed materials. Any of the properties listed may be withdrawn or modified without notice at any time. The Seller and Auctioneer reserve the right to refuse admittance to or expel anyone from the auction activities who may create a distraction from the auction, bid rigging, canvassing, soliciting or other reasons deemed necessary by the Auctioneer. All monies bid and/or paid in this auction shall be in U.S. currency. 20. TECHNOLOGICAL ISSUES: The auction website and/or technology may, from time to time, not operate as intended, at normal speed, with full functionality, or at all. In our sole discretion, the auction website and/or technology may cease to operate for any amount of time, and limitations upon the functionality or use of the Website by the end user may result. Any decision to cease the activity of the Website is solely at the Auctioneer’s discretion. The Auctioneer assumes no responsibility for any technological issues that may occur before or during the auction. If buyers have a concern with the potential technology issues and its functionality, the Auctioneer highly recommends the bidders to attend the onsite auction. AUCTION CONDUCTED BY United Strategic Client Services, LLC Mike Jones, CAI, GPPA, BAS, AARE TX Broker # 339614 TX Auctioneer license # 6756 5430 LBJ Freeway, Suite 270 Dallas Texas 75240 800-485-8214 info@united-scs.com