Auction Terms & Conditions Thank you for carefully reviewing the terms and conditions as you prepare to participate in the online auction. 1. Registration: Every bidder will need to register using a valid email address, phone number, and mail address. HiBid will prompt each bidder to create a user name and password. 2. Bid Permission: To participate in the auction, each bidder is asked to provide a bank letter of guarantee. 3. Soft Close: The auction is designed to offer all registered bidders the opportunity to participate and bid at the auction. The auction will begin to close on Tuesday, Novemner 17, 2020, 6:00pm (Central). If a bid is placed before the closing time, the auction will remain open for five additional minutes. If another bid is placed within that time, the auction will remain open until all "dynamic" bids have ceased. 4. Buyer's Premium: A 10% buyer's fee will be applied to the final bid. 5. Earnest Deposit: $2,500, balance due upon closing, not to exceed 30 days. Mid-Kansas Title Company to handle closing. Title insurance split 50% / 50% buyer-seller. 6. Property sells as is where is without warranty expressed or implied. 7. Due Diligence: All information is from sources deemed reliable. Every effort has been taken to provide descriptions and photos that best represent the property. However, accuracy is not guaranteed and each bidder is responsible for conducting their own due diligence concerning the property. Bidders may have the property inspected at their expense. 8. Property sells subject to easements, restrictions and covenants if any of record. 9. Auction is subject to seller confirmation. 10. The successful winning bidder must be available and prepared to execute the purchase agreement immediately following the auction. 11. Buyer Agency is compensated at 1% of the final bid amount. The Broker Participation Agreement will need to be completed and signed by the salesperson and broker. 12. The broker, Generations Real Estate, Inc. is agent of seller only. Please contact Kevin Borger, Auctioneer, (913) 940-5494 regarding any questions concerning the property or the auction process. --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms

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