1. Terms and Conditions: Real Estate: - $5,000 down within 48 hours of the auction ending time. Deposit to be made in the form of cash, cashierÂ’s check, personal check with up to date bank letter guaranteeing funds or wire transfer. Balance due October 30, 2015 by 4:00 pm local time. Possession: Date of deed. Other online bidding terms apply, see www.barrrealtyauction.com for details. TAXES: 2015 Property Taxes will be paid by Seller. Other online terms apply, see the website for details. BUYERS PREMIUM: A 10% buyerÂ’s premium will be added to all winning bids to determine the final selling price IMPORTANT NOTICE: All property sold Â“as is where isÂ” condition with no warranty or guarantee expressed or implied. Although information has been obtained from sources deemed to be reliable, neither the seller nor the auctioneer makes any warranty or guarantee, expressed or implied, as to the accuracy of the information herein contained. It is for this reason that buyers should avail themselves of the opportunity to make an inspection prior to the auction. All announcements take precedence over any printed material or any oral statements made. Not responsible for accidents.

2. This online only auction is a cash sale not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Agreement to Purchase Real Estate.

3. A BuyerÂ’s Premium of 10% is added to the high bid. At the close of the auction, the successful Bidder will be emailed an Agreement to Purchase Contract to be executed and returned to Barr Realty & Auction Co., Inc. within Forty-Eight (48) hours. Successful Bidders will make their deposits in the form of cash, cashierÂ’s check, or wire transfer with Barr Realty & Auction Co., Inc. within Forty-Eight (48) hours of the completion of the auction. The entirety of the remaining balance is due at closing on or before October 30, 2015.

4. Purchaser will be responsible for all wire transfers.

5. Per the Contract, time is of the essence; you should proceed to closing within Thirty (30) days. Possession shall be given to the successful Buyer(s) at closing. Any closing fees charged by the buyer(s) lender or closing attorney will be a buyer(s) expense.

6. Successful Bidders not executing and returning their Contract with Earnest Money deposit within Forty-Eight (48) hours of the conclusion of the auction will be considered in default. If your closing is delayed for any reason, by you, as purchaser or other parties working on your behalf, including any lender you involve, you may be declared in breach of this contract, forfeit all deposits made and could be additionally liable for any and all costs incurred by Seller and Barr Realty & Auction Co., Inc. incurred in a subsequent resale of the property.

7. Buyer(s) must be prepared to make a cash offer. There are no contingencies to this sale (i.e. financing, appraisal, repairs or inspections). Therefore, you should be pre-qualified by a lender prior to bidding if you require financing. This property is being sold for cash Â“as is, where is.Â” with a closing deadline.

8. Barr Realty & Auction Co., Inc. reserves the right to remove or cancel the bids and or bidding rights and privileges of any party at any time deemed not to be in the best interest of the seller. The identity of all bidders will be verified, bidding rights are provisional and if complete verification is not possible, Barr Realty & Auction Co., Inc. will reject the registration and bidding activity will be terminated.

9. Barr Realty & Auction Co., Inc. will make its best efforts to accept and submit your bids. However, due to possible equipment malfunctions, lapsed time due to internet connections or bidders not acting quickly enough we do not guarantee that a bid will be received and/or accepted. It is of no benefit to wait to the last second to submit a bid. In the event bidding is active the auto extend feature will automatically extend the time unless we inform you otherwise. It is for this reason that we highly recommend that you submit any and all bids as quickly as you can to ensure that it is received/accepted.

10. Auctioneers and/or a Barr Realty & Auction Company, Inc. representative have the option of reopening the bidding for any item if they deem a computer or electronic malfunction prevented a potential or existing bidder from placing bids. Even though a bidding time may have ended and the computer screen may show the bidding is CLOSED. The auctioneers and/or a Barr Realty & Auction Company, Inc. representative may reopen the bidding at their sole discretion.

11. Barr Realty & Auction Company reserves the right to change a bidderÂ’s user name and/or password at any time for any reason.

12. Buyer acknowledges they are buying property Â“as is, where isÂ”, without inspections or contingencies, Buyer(s) will rely on his/her own judgment and inspection.

13. Barr Realty & Auction Co., Inc. and their representatives are Exclusive Agents of the Seller(s).

14. Real Estate is sold subject to any and all existing matters of record and all easements building use or zoning laws and regulations. Taxes: Seller will be 2015 Property taxes.

15. All Barr Realty & Auction Co., Inc. Online Only Real Estate Auctions are timed events that have an auto-extend feature. Any bid placed within 5 minutes of the auction ending will automatically extend the auction for 5 minutes from the time the bid is placed. Example: If an auction scheduled to end at 12:00 p.m. receives a bid at 11:59 a.m., the close time of the auction automatically extends to 12:04 p.m. The auto-extend feature remains active until no further bids are received within the 5 minute time frame.

16. IMPORTANT NOTICE: Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account.

17. When using the website you must obey any and all local state and federal laws. Violations will result in termination of website use privileges.

18. Auction company employees and/or auction company may bid on auction items.

19. We gather aggregate information from this web site which may include but is not limited to: number of page visitors, most visited pages, any and all correspondence. All property sold Â“as is where isÂ” condition with no warranty or guarantee expressed or implied. Although information has been obtained from sources deemed to be reliable, neither the seller nor the auctioneer makes any warranty or guarantee, expressed or implied as to the accuracy of the information herein contained. It is for this reason that buyers should avail themselves of the opportunity to make an inspection prior to the auction. All instant announcements from the auction company take precedence over any printed material or any oral statements made. Not responsible for accidents.

20. Refresh Bidding:
Refresh your screen constantly during the closing minutes of the bidding, or Enable the 'Auto Refresh' feature.

21. Bidding Increments:
$0 - $20 = $2 Increment
$20 - $100 $5 Increment
$100 - $500 = $10 Increment
$500 - $1,000 = $25 Increment
$1,000- $3,000 = $100 Increment
$3,000 - $10,000 = $250 Increment
$10,000 or more = $500 Increment

22. Auction Ending:
Barr Realty & Auction Co., Inc. Online Auctions are timed events and all bidding will close at a specified time. Barr Realty & Auction Co., Inc. Online Auctions also have an auto-extend feature. Any bid placed in the final five (5) minutes of an auction, the auction ending will be automatically extended five (5) minutes from the time the bid was placed. Example: If an auction scheduled to close at 6:00 receives a bid at 5:59, the close time will automatically extend 6:04. The auto extend feature remains active until no further bids are received within a five (5) minute time frame. The extension time will apply to individual lots only.

23. Outbid Notification:
Until the auction begins to close, the bidding software will notify bidders by email (or by text if you set your bidder profile up that way) when they have been outbid. Bidders may also find out if they have been outbid by refreshing the individual lot information. Due to varying internet connections/speed, please place a max bid or constantly monitor the auction at close of bidding. Sometimes email notifications can be delayed.

24. Auctioneer's Discretion:
Barr Realty & Auction Co., Inc. has full discretion to modify the date and time, order, and details of the sale of any item or conduct of any auction for any reason or no reason at all, including but not limited to technical issues, emergencies, and convenience of Barr Realty & Auction Co., Inc. or the seller.

25. Server & Software Technical Issues:
In the event that there are technical difficulties related to the server, software or any other online auction-related technologies, Barr Realty & Auction Co., Inc. reserves the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software nor Barr Realty & Auction Co., Inc. shall be held responsible for a missed bid or the failure of the software to function properly for any reason. Email notifications may be sent to registered bidders with updated information as deemed necessary by Barr Realty & Auction Co., Inc.

26. Buyer's Premium:
There will be a ten percent (10%) BuyerÂ’s Premium added to final bid price to determine the final selling price of the auction lot.

27. Auction Cancellation:
Barr Realty & Auction Co., Inc. reserves the right to cancel this auction, or remove any item or lot from this auction prior to the close of bidding.

28. Bidder Verification:
The identity of all bidders will be verified. Bidding rights are provisional, and if complete verification is not possible, Barr Realty & Auction Co., Inc. will reject the registration, and bidding activity will be terminated. The Seller and Barr Realty & Auction Co., Inc. reserve the right to preclude any person from bidding if there is any question as to the personÂ’s credentials, mental fitness, etc.

29. Bidder Responsibilities:
Bidder responsibilities include, but are not limited to: Bidders agree to keep their username and password confidential, as they are responsible for ANY and ALL activity involving their account. When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges. Auction company employees and/or auction company may bid on auction. We gather aggregate information from the web site which may include but is not limited to: number of page visitors, most visited pages, and any and all correspondence.

30. Guaranty Agreement:
By submitting a bid in the name of a business entity or corporation, the individual submitting the bid enters into a guaranty agreement whereby he or she personally guarantees payment to Barr Realty & Auction Co., Inc. of any bid amount not paid when due by the business entity or corporation, for any reason, together with all collection expenses incurred to enforce collection, including a reasonable attorney's fee.

31. Age Requirement:
All bidders must be eighteen (18) years of age or older.

32. NOTICE: IMPORTANT/PLEASE READ: Auctioneers and/or a Barr Realty & Auction Company, Inc. representative have/has the option of reopening the bidding for any item/items if they deem a computer or electronic malfunction prevented a potential or existing bidder(s) from placing bids. Even though a bidding time may have ended and the computer screen may show the bidding is Â“CLOSEDÂ”. The auctioneers and/or a Barr Realty & Auction Company, Inc. representative may reopen the bidding at their sole discretion.

Online Bidding Only-Home 2 AC-Ends Wed., Sept 30 @ 4 PM EDT