Lot # : 1 - 801-805 Ohio Pike, Cincinnati, OH 45245

ONLINE REAL ESTATE AUCTION TERMS AND CONDITIONS Online Auction: The auction will be conducted as a timed ONLINE Auction. The auction will begin on July 27, 2022 and end on August 17, 2022 @ 1:00 PM. The property is located at 801 & 805 Ohio Pike, Cincinnati, OH 45245. The property will sell to the highest bidder at or above the minimum reserve price of only $200,000. Interested persons can participate in the bidding from their computer or mobile device by logging on and registering at www.AssetRealtyAuctions.com. This auction is not contingent on or subject to the purchaser being able to obtain financing. Per the contract, 'time is of the essence;' the winning bidder should proceed to closing immediately upon being notified that their bid has been accepted. The closing must take place within 30 days of the date the online bidding ends. If the closing is delayed for any reason by the purchaser or other parties working on behalf of the purchaser, including any lender, the purchaser may be declared in breach of the contract, forfeit all deposits made, and could be additionally liable for any and all costs incurred by the seller and Asset Realty Auctions in a subsequent resale of the property. When you place a bid, you are acknowledging that you have read and agreed to the terms of the Contract to Purchase. Registration: All bidders must register with a valid credit card to participate in the auction. Buyer Premium: A ten percent (10%) buyer premium will be added to the high bid amount to determine the full purchase amount to be paid by the purchaser. The full purchase price for the real estate is defined as the sum of the final bid amount acknowledged and accepted by the seller, plus the ten percent (10%) Buyer Premium amount which will be added to the high bid amount. Example: High bid amount of $200,000 plus a ten percent buyer premium of $20,000 making the purchase price $220,000. Soft Close: The closing time of the bidding is automatically extended an additional 3 minutes whenever a bid is placed within the last 3 minutes of the closing time. The time will continue to extend until no bid is placed within 3 minutes of any extended closing time. Contract: The Purchase Contract will be sent by e-mail to the successful high bidder at the conclusion of the auction. The successful high bidder must electronically execute the contract within one hour of receipt. If there are any discrepancies between these terms and conditions and the Purchase Contract, the Purchase Contract shall prevail. Deposit: The successful high bidder must deliver an amount equal to 10% of the purchase price (inclusive of the buyer premium) to Asset Realty Auctions by wire transfer or a cashier's check no later than 1:00 PM EDT the day following the auction conclusion. High Bidder should contact Cindy Chambers at 513.724.1133 for wiring instructions. Delivery of the cashier's check may be made on that date between 9:00 AM & 2:00 PM to the offices of Asset Realty Auctions which are located at 1126 Old St. Rt. 74, Batavia, OH 45103. Collection and Attorney Fees: In the event Asset Realty Auctions or the seller has to engage counsel or collection companies to assist in enforcing any part of the auction Contract to Purchase, terms and conditions or collection of all or part of the down payment or full purchase amount from any bidder, Buyer, or other such party, Buyer or other such party shall be responsible and agrees to pay for all reasonable fees including without limitation attorney fees, collection costs, and all expenses incurred by Asset Realty Auctions or seller including without limitation costs and expenses relating to evaluating, analyzing, assessing, enforcing, preparing for and conducting litigation of any kind or nature, whether or not legal proceedings are commenced. If declared buyer does not adhere to these terms and conditions and the terms of the Contract to Purchase the buyer will be responsible for the costs of remarketing the property and any deficiency amount which may occur from the resale of the property. Property Inspections: All property inspections and other due diligence must be performed prior to bidding. The property is being sold in "as is, where is condition, with caveat emptor/all faults." Closings/Possession/Taxes: Closing shall take place on or before and no later than September 16, 2022. The closing shall be conducted by Stewart Title Company at their offices located at 792 Eastgate South Dr., Suite 700, Cincinnati, OH 45245 or a location mutually agreed upon by the buyer and seller. The buyer will be responsible for the closing costs, in the amount of $500 if title insurance is not purchased or $400 if title insurance is purchased. Buyer will pay transfer taxes and recording fees. Seller will pay the costs of 60 year title exam and Buyer shall receive an insurable title at closing which is free and clear of all liens. The real estate taxes and any collected rents will be prorated to the date of the closing. The property will be conveyed by Limited Warranty Deed. Possession will be given to the purchaser at closing subject to tenants' rights. Agency: Asset Realty Auctions is acting as agent for the seller, not as buyer's agent. Asset Realty Auctions reserves the right to remove or cancel the bids and or bidding rights and privileges of any party, deemed not to be in the best interest of the seller. Asset Realty Auctions or sellers may cancel the auction at their sole discretion any time prior to the execution of the Contract to Purchase. Disclaimer: All information regarding the property being sold provided by Asset Realty Auctions is believed to be correct. The information is being furnished to bidders for the bidder's convenience and it is the responsibility of the bidders to determine that information provided by Asset Realty Auctions is accurate and complete. Any reliance on the information provided by Asset Realty Auctions shall be solely at the recipient's risk. The property is being sold "AS IS" with all faults.