IMPORTANT REAL ESTATE AUCTION TERMS

Case # 25-11277-smr

All property sold is subject to Lender and Bankruptcy Court Approval.

The property is being sold as-is, where-is, with no warranty expressed or implied as to the physical condition, specific zoning, available permits, or other property characteristics by the Seller, Auction Company, or its agents.

Prospective buyers are responsible for reviewing all available information and completing their due diligence before bidding.

• Buyer must sign an Offer to Purchase Agreement with R.N. Osherow, Trustee before bidding.

• A 10% earnest money deposit must be wired within 48 hours after the auction ends.

• If the successful buyer fails to provide the required 10% earnest money deposit, the property may be sold to the backup bidder at the backup bid price.

• The property is offered without financing contingencies.

• Buyers should have financing in place prior to the auction.

• Closing must occur within 30 days of the auction date.

• All closing costs will be paid by the buyer.

• Seller will not provide a survey.

• If the buyer or buyer’s lender requires a survey, it will be at the sole expense of the buyer.

• There will be no property inspections.

• Buyers are responsible for reviewing available descriptions, photographs, records, videos, and written documentation prior to bidding.

• All due diligence periods end on the date of the auction.

• The real estate is selling with reserve and is subject to Bankruptcy Court Approval.

• The real estate will be sold free and clear of liens and encumbrances.

• FLS Auction, Inc. does not arrange absentee bids.

• All bids must be made live onsite on the day of the auction.

By placing a bid, the bidder acknowledges that they are bidding based upon their own review and due diligence of the available property information.