BIDDER VERIFICATION

The identity of all bidders will be verified, bidding privileges are provisional, and if adequate verification is not possible, Rowell Auctions, Inc. reserves the right reject the registration, and bidding activity is subject to termination.

CONTRACT FOR SALE OF REAL PROPERTY

Each property is offered under the specific terms provided in the Contract for Sale of Real Property “Contract”. The contract is available for review at www.rowellauctions.com. Please read and review the contract thoroughly prior to bidding on any property. If you have not read and reviewed the Contract for Sale of Real Property and agree to its terms, Do Not Bid!

Rowell Auctions, Inc. has the sole authority to resolve any bidding disputes as they may arise.

AUCTION END TIME

This Rowell Auctions, Inc. Real Estate Auction with internet bidding available is a timed event and subject to extended bidding due to bidding activity. Rowell Auctions, Inc. reserves the right to adjust the auto extension time period.

Example: Rowell Auctions, Inc. Real Estate Auctions with online bidding available have a “Dynamic Close” auto extend feature. Any bid placed within 10 minutes of the scheduled auction end time will automatically extend the auction for 10 minutes from the time the bid is placed. Example: If an auction scheduled to end at 6:00 p.m. receives a bid at 5:59 the “Dynamic Close”

auction extension is activated and the close time of the auction automatically extends to 6:09 p.m. The “Dynamic Close” auto-extend feature remains active until no further bids are received on the entire bidding group of properties within the auto extend time frame and which time the auction will close. Rowell Auctions, Inc. reserves the right to adjust the auto extension time period.

REAL ESTATE AD VALOREM TAXES

The 2016 ad valorem taxes will be prorated between the parties to the date of closing.

TERMS OF REAL ESTATE

The successful Purchaser(s) will deposit 15% of the contract price at the auction in form of cash, cashier's check or good personal funds accompanied by a bank letter of guarantee, sign a real estate sales contract. The entirety of the remaining balance is due at closing as scheduled in the Contract for Sale of Real Property. Last day to close is June 14th, 2016. A 10% Buyer's Premium will be added to the bid price to obtain the contract price.

Contract Packages will be executed onsite at the auction site with the successful high bidder at the conclusion of the auction. Successful bidders not attending the auction will be emailed the contract package to execute and return to Rowell Auctions, Inc. along with the earnest money. Contract packages are due back to Rowell Auctions, Inc. within 24 hours of receipt of the contract package. Purchaser shall be responsible for all wire transfer fees. Successful high bidders not executing and returning their contract with earnest money deposit within 24 hours of receipt will be considered in default and subject to an Administrative Fee (as defined below). All Administrative Fees are non-refundable.

BUYERS PREMIUM-SAMPLE

A 10% buyer’s premium will be added to the bid price on all properties to determine the final contract price.

10% Buyer's Premium Example:

Bid Price: $10,000

Plus 10% Buyer's Premium: $1,000

Total Contract Price: $11,000

AUCTION ADMINISTRATIVE FEE

In the event a winning bidder fails to submit the signed "Contract for Sale of Real Property" and deposit earnest money as provided in the pre-stipulated Auction Terms, the winning bidder will be charged an administrative fee of $2,500.00 on the credit card provided at auction registration. Additional default remedies are reserved by Rowell Auctions, Inc. and the Seller as provided in the Auction Terms & Conditions and the "Contract for Sale of Real Property". All administrative fees are non refundable.

CLOSING

Time being of the essence, these sales shall be closed on or before June 14th, 2016. The purchaser will pay for all closing costs associated with the transaction. The 2016 ad valorem taxes will be prorated between the parties to the date of closing.

This sale will be closed by Goosemann Rose Colvard & Cramer P.A.. The closing attorney will charge the purchaser a closing fee of $775.00 per transaction. This fee includes conducting the closing, collecting and disbursing the funds and preparing a closing statement. If the purchaser wants a title opinion, loan servicing or other services, the closing attorney may provide them, pursuant to agreement, for an additional fee. The seller will pay for the preparation of the Deed only. The purchaser will pay all other closing costs associated with this sale including but not limited to recording, transfer tax/documentary stamps, financing expenses, intangible taxes, title fees, title insurance, appraisals and inspection reports. With regard to bank wire fees for receiving or sending purchaser’s earnest money deposits, the purchaser will be responsible for any bank fees associated with such.

REPRESENTATION

Purchaser and Seller acknowledge and agree that the only auctioneer/broker involved in this transaction is Rowell Auctions, Inc. and has acted as agent for the Seller in this transaction. Rowell Auctions, Inc. has not acted as agent in this transaction for the Purchaser.

Agency Disclosure: In all transactions, Rowell Auctions, Inc. is acting as agent for the seller, not as buyer's agent. Rowell Auctions, Inc. reserves the right to remove or cancel the bids and or bidding rights and privileges of any party, deemed not to be in the best interest of the seller, at any time. At auctions with reserve, the seller and/or auctioneer reserves the right to bid on the Seller’s behalf. On all other auctions, auctioneer reserves the right to bid on auctioneer’s behalf when permitted by law.

Disclaimer: All information contained herein is believed to be correct to the best of the auctioneer's knowledge. The information is being furnished to bidders for the bidder's convenience and it is the responsibility of the bidders to determine that information contained herein is accurate and complete. Any reliance on the contents shall be solely at the recipient’s risk. Bidders must conduct and rely solely upon their own investigations and inspections. The property is being sold "AS IS" with any and all faults. Please review all information supplied, and seek appropriate assistance prior to bidding.

42 Residential Lots Moore's Valley Subdivision