10% Buyers Premium. Buyer is responsible for closing costs and title insurance. A deposit of 10% of the winning bid is required from winning bid at the end of the auction. The deposit is non-refundable if buyer defaults. Reading Auction Services (Broker, George Lindley (479) 667-2159) represents the sellers only and does not inspect property on behalf of Buyers and does not assume responsibility for the accuracy of any descriptions. Buyer herein acknowledges that if Buyer fails to fulfil its obligations under the contract, Buyer forfeits any claim to the Down Payment as set forth in Paragraph 6 of the above referenced Contract/Agreement, and Listing Firm may disburse said funds consistent with its contractual obligations with Seller. Said Paragraph 6 should NOT be interpreted to require Listing Firm to interplead the disputed funds should a dispute arise. Paragraph 7 of the of the above referenced Contract/Agreement is amended to read as follows: CONVEYANCE: Unless otherwise specified, conveyance of the Property shall be made to Buyer by general warranty deed, in fee simple absolute, except it shall be subject to recorded instruments and easements, if any. Unless expressly included herein, SUCH CONVEYANCE SHALL exclude ALL MINERAL RIGHTS OWNED BY SELLER CONCERNING AND LOCATED ON THE PROPERTY, IF ANY, UNLESS OTHERWISE SPECIFIED IN PARAGRAPH 24. IT IS THE RESPONSIBILITY OF THE BUYER TO HAVE INDEPENDENTLY VERIFIED AND INVESTIGATED THE EXISTENCE OR NONEXISTENCE OF MINERAL RIGHTS AND ANY LEGAL RAMIFICATIONS THEREOF PRIOR TO SIGNING THIS REAL ESTATE CONTRACT. Seller warrants and represents only signatures set forth below are required to transfer legal title to the Property. Seller also warrants and represents Seller has peaceable possession of the Property, including all improvements and fixtures thereon, and the legal authority and capacity to convey the Property by a good and sufficient general warranty deed, free from any liens or leaseholds. Bidder agrees to terms and conditions upon registration for sale and agree to be bound by terms. Property is sold “as is where is” with faults, no implied or expressed warranties of any kind. Buyer is to perform all inspections prior to auction. Consistent with the provisions of Paragraph 6 of said Contract as modified herein, Buyer must make non-refundable Down Payment of 10% of winning bid amount (“Purchase Price”) at the conclusion of bidding. The Purchase Price is the amount of highest bid plus the 10% Buyer’s Premium. Immediately following the auction, Buyer must execute the sales contract and property disclosure (if available) which will be posted prior to the auction. The balance of the purchase price will be due within 30 business days of auction date along with all closing costs. Buyer will pay all closing costs including title insurance, closing fees, filing costs, revenue stamps and Buyer’s premium and any other fees. Seller will have the option to cure any title problems if needed. Taxes will be pro-rated to the day of closing. Deposit will only be refunded if Seller defaults. Possession will be upon closing with filing of deed. Properties sell subject to bank, court, or Seller approval. The court, bank or Seller retains the right to bid or have someone bid on their behalf. Property is sold with no contingencies. Buyer must conduct all inspections required by lender before auction and Buyer must be pre-qualified if using a lender. Buyer relies on their own information, judgement, and inspection of the property and records. All information given whether orally or in writing was from sources believed to be accurate but is not guaranteed. All dimensions or real estate are only approximations. Any Broker/Agent who brings a Buyer to auction or represents themselves will be paid a referral fee. Contact agency for details and amount of referral fee. Any Broker/Agent must register the Buyers name & address and Agent information via email to readingauctionservice@yahoo.com  at least 96 hours prior to auction. This General Addendum, upon its execution by both parties, incorporates by reference all provisions of the above referenced Contract not expressly modified herein. This General Addendum may be executed in multiple counterparts each of which shall be regarded as an original hereof but all of which together shall constitute one in the same. Electronic signatures shall be deemed original signatures and shall be binding upon the parties