4 Luke Rd Brookfield GA - Residential Investment

I. PRE-BIDDING EVALUATION OF PROPERTY/AS-IS SALE:
1. Prior to the auction, prospective bidders and purchasers should examine the Property and the
documentation provided carefully with all prospective bidders and purchasers being responsible for
their own evaluation of the Property for any particular condition, fitness, or use for their intended
purposes. There should be no reliance on the Seller or Pope, The Real Estate Company, LLC with
regard to the same.

2. Prospective bidders are assumed to have inspected the Property and will accept the same "AS IS -
WHERE IS"; and without warranties expressed or implied. The failure of any bidder (offeror) to
inspect, or to be fully informed as to the condition of all or any portion of the Property will not
constitute grounds for any claim or demand for adjustment or withdrawal of a bid, offer or earnest
money (deposit money) after its opening or tender.

II. BIDDING PROCEDURES:
1. Bidding is open and public. If the auction is an in-person auction, Bidders should raise a hand to
make a bid as the auctioneer asks for bids and should watch the auctioneer closely as the auctioneer
takes bids and assists with bidding. If the auction is an online auction, bids are made by submitting
the bid in the appropriate manner as stated on the online auction forum. The highest bid wins the
auction.

2. No questions will be answered from the podium by the auctioneer. Any questions should be directed
to the bid assistants.

3. Bidding will remain open on tracts and combinations until the close of the auction as determined by
the auctioneer. All Pope, The Real Estate Company, LLC online auctions are timed events and
subject to extended bidding due to bidding activity. Pope, The Real Estate Company reserves the
right to adjust the auto extension time period for any online auction, in its sole discretion.

4. Bidders may bid on any tract, combination of tracts or the entire Property, as applicable.

5. Minimum bid increments are at the discretion of the auctioneer and bidding is based on whole
dollars only.

6. Bidding is not conditioned on the ability to obtain financing. Financing should be secured prior to
bidding on the Property.

7. Individual offers are to be considered as a singular transaction and are not contingent on the
acceptance of other offers on other parcels or tracts. The auctioneer reserves the right to offer the
Property in any combination of tracts or as a whole. The method that produces the best offer will
determine how the Property will sell, the same to be determined solely by auctioneer.

8. The auctioneer is acting as an agent for the Seller in this transaction and does not represent the
bidder or prospective purchasers.

III. PROCEDURE ON SUCCESSFUL HIGH BID:
1. A 10 percent (__10___%) buyer's premium will be added to the high bid(s) received and will be
included in the total purchase price for the Property. Bidders are required to pay ten percent (10%) of
the total Purchase Price (inclusive of the buyer’s premium) on auction day as an earnest money
deposit. Personal or company checks are accepted.

2. At the close of the auction, the highest bidder/Purchaser will sign a Purchase Sale Agreement, with
the balance of the Purchase Price being due at closing, which shall occur approximately 45 days
following the auction or as soon thereafter as applicable closing documents and surveys are
completed. The closing attorney for the transaction shall be selected by Pope, The Real Estate
Company, LLC and purchaser shall be responsible for payment of the closing costs.

3. The Property will be surveyed prior to closing and final bids will be adjusted up or down at closing
to reflect results of survey. Purchaser shall be responsible for the survey expense, with the surveyor
to be decided by Pope, The Real Estate Company, LLC based on estimates provided prior to the
auction.

4. At closing, the Property shall be conveyed to the purchaser by a warranty deed, free and clear of all
liens or mortgages and subject to the following; all outstanding easements of any kind on said
Property for roads, utilities, power lines, and the like; to any cemeteries that might exist on the
Property; any mineral, oil and gas past conveyances, leases or reservations; any outstanding leases
recorded or unrecorded; zoning ordinances affecting the Property; restrictions of record; all rules and
regulations of any appropriate authority having jurisdiction over the Property; unrecorded easements,
discrepancies or conflicts in boundary lines, shortages in area and encroachments which an accurate
and complete survey would disclose.

IV. FAILURE TO CONSUMMATE BID OR TRANSACTION:
1. If a high bidder does not pay the earnest money deposit on auction day as detailed above, then the
auctioneer shall be authorized to open the auction back up for additional bids, beginning the bids at
the discretion of the auctioneer.

2. If the high bidder does not pay the earnest money deposit and the auction is not opened back up by
the auctioneer or cannot be opened back up by the auctioneer, then the high bidder shall be
responsible for a payment of 10% of High Bid for its failure to consummate the bid and breaching
the terms and conditions of the auction.

3. If the high bidder pays the earnest money deposit, but not follow through with signing the Purchase
and Sale Agreement within _30_ days after auction day, then the earnest money paid by the
purchaser shall be forfeited to the Seller, as more fully detailed in the Purchase and Sale Agreement.

V. MISCELLANEOUS:
1. The auction may be cancelled or delayed at any time at the discretion of the auctioneer.

2. The properties included within the auction are subject to change at any time at the discretion of the
auctioneer.

3. No auction shall include the conveyance of any personal property located on the Property, unless
expressly included in the marketing materials for the Property and included in the Purchase and Sale
Agreement.

4. Should there be any inconsistencies between this document and the Purchase and Sale Agreement,
the terms of the Purchase and Sale Agreement shall govern.

5. These Bidding and Auction Terms and Conditions shall be construed in accordance with the laws of
the State of Georgia.

6. Pope, The Real Estate Company, LLC has the sole authority to resolve any bidding disputes as
they arise.

These Bidding and Auction Terms and Conditions shall be added to and incorporated into the terms of the

Purchase and Sale Agreement.