ACKNOWLEDGEMENT OF TERMS AND CONDITIONS

WWW.AUCTIONOHIO.COM
The following is a summary of the Terms and Conditions for this auction for real estate situated at

(the “Property”), being sold on 0_9_/_1_6_/2_0_2_5_______ (the “Auction”).

The undersigned Bidder agrees to abide by the Terms and Conditions of the auction and will execute the real estate purchase agreement. If you have not read and reviewed the Terms and Conditions, do not bid. In connection with the Terms and Conditions, and without limiting the same, Bidder understands the following:

A) If you are the high bidder, you are contractually obligated to buy the real estate at the price stated as Your bid, Buyer’s Premium, fees, and all other applicable Buyer closing costs.
B) Successful Bidder will be required to enter into the purchase agreement as posted on the Documents tab and tender a NON-REFUNDABLE Earnest Money deposit of $_5_,0_0_0____________ by cash, check, or electronic transfer after the end of the auction within 24 hours. Failure to execute the purchase contract and tender the earnest money deposit will put the bidder in default.
C) Default by Bidder: In the event of a default by the Bidder under the terms and conditions of this auction, the Auctioneer reserves the exclusive right to terminate this Agreement and take any and all actions deemed necessary and appropriate to sell the property, including, but not limited to, offering the property to the next highest bidder or relisting the property for auction at the Auctioneer's discretion. Nothing herein shall limit or relieve the Bidder's liability for any actual damages sustained by the Auctioneer, Seller, or any third party as a result of such breach. The Auctioneer's exercise of rights under this section shall not constitute a waiver of any other rights or remedies available to the Auctioneer, Seller, or any affected third party under this Agreement or applicable law.
D) Each Buyer is responsible for conducting their own due diligence on the Property before bidding. The buyer is encouraged to conduct an inspection(s) prior to bidding.
E) The real estate sells in AS IS condition. The Seller is not making any repairs or making any concessions.
F) The sale is not contingent upon a satisfactory inspection.
G) The sale is not contingent upon the Bidder(s) ability to secure financing. The buyer assumes responsibility for the

appraisal gap, if any.
H) Closing to occur on or before 1_0_/_1_6_/2_0_2_5___________________.
I) Seller will provide and pay for owner’s title insurance, preparation of deed, conveyance fee, and the proration of

real estate taxes.
J) Bidder acknowledges receipt of a copy of the real estate purchase agreement for this Auction.
K) There is a 1_0_%__ (_te_n__p_e_r_ce_n_t___) Buyer’s Premium (or $__________ minimum) added to your final bid to determine

the final purchase price.

3704 State Route 314 Mount Gilead, Ohio 43338 - Reserve: $237,000

Auction Ends

Pickup

3704 State Route 314, Mount Gilead, Ohio 43338

Auction #

293013019

Auction Title

3704 State Route 314 Mount Gilead, Ohio 43338 - Reserve: $237,000

Preview

Open house dates: Sunday 8/24/2025 1:00 to 2:00 pm Wednesday 9/3/2025 5:00 to 6:00 pm Wednesday 9/10 /2025 5:00 to 6:00pm Saturday 9/13/2025 2:00 to 3:00pm