Purchase At Public Auction Contract Form Page 2

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11. CONDITION OF IMPROVEMENTS: The risk of destruction or substantial damage by fire or Act of God prior to delivery of deed is assumed by

Seller. Seller agrees that on possession, the Real Estate shall be in the same condition as it is on the date of this contract, except for ordinary wear and

tear. If the Real Estate should be damaged or destroyed by fire or other casualty and if, prior to Closing, the real Estate shall not be repaired or restored

by and at the Sellers expense, to a condition as good as it was prior to the damage or destruction, then Purchaser, at his option, may terminate this

contract by written notice to Seller and the Down Payment Shall be returned to Purchaser. While this contract is pending, Sellers shall not change any

existing lease or enter into any new lease, nor make any substantial alterations or repairs without the consent of the Purchaser. In addition, the

Purchaser also has an insurable interest in the property from date of this contract. Purchaser is hereby notified that insurance should be placed upon the

property immediately to protect Purchasers’ interest.

12. DISCLOSURE:

Buyer

Seller

- is a licensed Real Estate Broker or Sales Person.

13. POSSESSION: Possession shall be given

at closing,

______ days after closing @ _____

PM, subject to Tenants’ Rights, with deed.

(Until such date, Seller shall have the right of possession free of rent, but shall pay for all utilities.) No work can be done on the property by the

Purchaser until possession is given.

14. AGENCY DISCLOSURE STATEMENT: Purchaser acknowledges having reviewed and signed the Agency Disclosure Statement.

15. SOLE CONTRACT: The parties agree that this offer constitutes their entire agreement and that no oral or implied agreement exists. Any amendments

to this offer shall be made in writing, signed by all parties, and copies shall be attached to all copies of the original offer. This offer shall be binding

upon the parties, their heirs, administrators, executors, successors and assigns.

16. TERMS: The property sells:

to the high bidder regardless of price, or

subject to seller’s confirmation.

17. $

must be deposited at the time of Auction as down payment by company, corporate or personal check (presented with

positive I.D). This non-refundable down payment will be applied to the contract purchase price at closing and will be held in the trust account of

as escrow agents for the sellers.

18.

A ten percent Buyer Premium will be added to the high bid amount to determine the final contract-selling price paid by the purchaser.

No Buyer

premium will be charged.

19. Taxes will be prorated using the method in which Seller’s share is based upon the number of days from the date of the immediately preceding

semiannual installment (June 30 or December 31) to the date of closing. Buyer will be assuming 6 months of accrued taxes.

20. This property is being sold at Public Auction, without recourse. Personal on-site inspection/s of the property or properties is strongly recommended.

The property will sell “as is, where is,” with no warranty expressed or implied as to improvements, availability of utilities, zoning, or environmental

and wetland issues. Information contained online was obtained by sources deemed reliable. However, neither Ohio Real Estate Auctions, LLC nor

their agents will be responsible for any errors or omissions herein. Announcements made at the auction will take precedence over written material,

advertisements, or any other oral statements made prior to the day of auction. Purchasers should carefully verify all items and make their own decision

as to the accuracy thereof before relying on same. Except in the case of an absolute auction, Auction Firm reserves the right to bid on behalf of the

sellers. Auctioneer reserves the right to bid on behalf of himself at any auction. The seller and Auction Company reserve the right to preclude any

person from bidding if there are any questions as to the person’s credentials, fitness, etc.

21. Auction Firm hereby acknowledges that they represent the Seller. An Agency Disclosure Statement must be signed by the high bidder.

22. The

buyer,

seller shall be responsible for all transfer taxes, recording fees, title search, and deed preparation. Seller is responsible for real estate

tax prorata, mortgage releases and will convey a good and marketable title. The

buyer,

seller,

split 50/50, is responsible for survey cost, if a

survey is required for a transfer. *Buyer is responsible for all other costs associated with closing.

23. By bidding, the buyer agrees to waive the 10 day post inspection for lead based paint. Buyer also agrees to waive their right to receive a Residential

Property Disclosure form and their right to rescind the Contract to Purchase.

Buyers Initials ________ ________

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Revised 10/26/09