The Schumann Trust - Auction 2

Auction Terms & Conditions
Thank you for taking the time to carefully review the terms and conditions below. You will find the information to be helpful as you participate in the online only auction.

1. Registration: To bid, you will need to register and create a user name and password. If you are a returning bidder, you are required to update any information that may have changed on your account.

2. Payment Method: Wire Transfer or Cash. Checks are not accepted.

3. Buyer's Premium and Sales Tax: A 10% buyer's fee will be applied to your invoice total. (Example: If the total for all items purchased is $100.00, the Buyer's Premium applied will be $10.00. Your total invoice is $110.00). Sales Tax Applies.

4. Due Diligence: Every effort has been made to provide the information, descriptions, and photos that best represent each item in the auction. However, accuracy is not guaranteed and each bidder is responsible for conducting their own independent due diligence concerning items of interest. 5. Warranty: All items are sold as is, where is, without warranty expressed or implied.

6. Changes to the Auction: To best respond to various circumstances during the auction, changes to specific lots, descriptions, and photos, may become necessary and occur without notice. Lots may be added, combined, or removed without notice.

7. Generations Real Estate & Auction is agent of the seller only.

8. Generations online auctions are designed to give everyone the opportunity to participate and bid. At the designated time the auction is set to begin closing, each lot closes in sequential order. If a bid is placed on a lot within one minute of the closing time, the lot will remain open for two additional minutes. If another bid is placed within that time, it will remain open until all "dynamic" bids have ceased.

9. Successful Bidder: If you are the successful bidder, you are responsible to pay for the lot(s) that you have won at the price of your final bid, plus a 10% Buyer's Premium.

10. Payment: At the close of the auction, we will provide you with an invoice and instructions for wire transfer.

11. Item Pick Up: You are responsible for the pick up and removal of all items you have purchased. You will need to present your paid invoice at the time of pick up. If you need assistance with removal, loading, and transporting your items, you will need to make arrangements before you arrive. The auction company is not available to remove, load, or transport items.

12. In the event of technical issues with the online bidding software, Generations Real Estate, Inc. reserves the right to extend a portion or all of the auction.

Please feel free to contact us if you have any questions.

Kevin Borger

Auctioneer / Agent

kevin@genkc.com

(913) 940-5494