REAL ESTATE AUCTION TERMS 4206 Union Ave Pine Bluff. AR Summary of Real Estate Auction Terms: The property sells with clear title, "as is", by legal description. Seller to provide Warranty Deed and title insurance. Property will sell subject to Sellers approval of final bid. 10% buyer premium. $5000 down as earnest money on day of auction, balance due at closing in 30 - 45 days. Announcements made auction day take precedence over any previous oral or printed announcements. Terms: At the conclusion of the auction, the high bidder will immediately sign a purchase agreement for their bid plus the 10% buyer premium and submit $5000 earnest money in the form of cash, cashier's check or good personal or Company check. Seller will have 48 hrs to accept or reject the bid. When accepted and signed by the seller, this agreement becomes the purchase contract. Buyer Premium: A 10% buyer premium will be added to the final bid price to determine the contract price. Example: $60,000 bid price + (10%) $6000 = $66,000 contract price Down Payment/Earnest Money: With purchase agreement, Bidder will submit $5000 to be deposited and escrowed in Orrell Auctions & Real Estate PLLC's Trust Account. Balance of purchase price required in approximately 30 -45 days at closing. Down payment will be credited to buyer at closing. If you cannot close you will forfeit your down payment. Warranties & Contingencies: 1. Property sells "as is" with no warranties from the seller other than good title. Inspections should be conducted before the auction. If you bid, you are agreeing that you are satisfied with the Property in its current condition at the price you bid. 2. Financing: Property sells with no contingencies for financing, and no financing is offered by the seller. Financing should be arranged before bidding. If you cannot pay the balance at closing, you will lose your down payment/earnest money. Title: Seller will guarantee good title at closing by providing Owner's Title Insurance and a Warranty Deed free of all liens and encumbrances but subject to any easements of record. Closing will be in approximately 30 - 45 days from auction. Seller pays 1/2 closing fee, 1/2 Revenue Stamps, Owner's Policy of Title Insurance, deed preparation. Buyer pays 1/2 closing fee, 1/2 Revenue Stamps, deed recording fee and any other expenses generated by Buyer, including, but not limited to, Loan Policy of Title Insurance, hazard insurance premiums, survey, Buyer's attorney fees, and any other fees associated with Buyer's loan, if any. Property taxes will be prorated as of the date of closing. Orrell Auctions & Real Estaste PLLC - 870-723-9116

4206 Union Ave - Pine Bluff, AR 71603 Real Estate & Personal Property AUCTION 3 Bedroom House & furnishings Sat Feb 23rd Live Bidding On Site Preview 9am Starts 10am Real Estate Sells at Noon Real Estate: 3 bed - 1.5 bath - brick home - Central Heat & Air - Carport - Fenced Back Yard Terms on Real Estate: $5000 down day of auction with balance due at closing in approx. 30 days. Viewing: 9am day of auction or Call Dink Webb @ 870-543-0882 for an appointment. Personal Property: Frigidaire stainless refrigerator - dinette table & 4 chairs - cutting board table - metal soup tureen - exercycle - leather sofa - kerosene lamps - bowl & pitcher - box of ammo - computer w/ printer & desk - china cabinet - 3 fish tanks - large collection of 78 rpm records - chess set UAPB memorabilia - lamps - pictures - full size 4 poster bed - chest of drawers - large mirror - brass bed - bedroom suite - dishes - cutlery - golf clubs - gas leaf blower - kerosene heater - fish cooker - skil saws - shop tools - power mowers - smokers - shop vac - yard tools - Hilift jack - wood ladder Terms on personal property: Cash or good check day of auction View Personal Property: 9 am day of sale See pictures and details at www.orrellauctions.com D L "Dink Webb, Auctioneer - AALB#62 - 870-543-0882 Orrell Auctions & Real Estate PLLC 870-723-9116 AALB#1947