Please read the following terms and conditions, prior to bidding. If you have not read all of the terms and conditions for this auction, DO NOT BID.

Registration: By registering and bidding for the auction, you agree that you have read and agree to abide by all terms and conditions contained herein. When you register for the auction, you will receive a bidding number via email. This bidding number is valid for all online auctions conducted by Terry Howe & Associates, Inc.

When you register and place your first bid for the auction, your credit card number on file will be authorized for $1 to validate the credit card. This is only an authorization, and it will be automatically credited back to your account.

Any bidder who does not comply with the terms and conditions will have their bidding privileges revoked.

Auction Type: Online Only with Staggered Closing

Bidding Ends: Friday, September 3, 2010 at 1:00 PM

Staggered Closing: This online only auction has a staggered closing. The staggered closing works as follows: All items will close in increments of 1 item per 10 minutes, until all lots are closed. The first lot will close at 1:00 PM. The next lot will close at 1:10 PM, etc.

Extended Bidding: This online only auction has an extended bidding feature. The closing time of a lot is automatically extended 5 minutes whenever a bid is placed in the last 5 minutes of the lot’s closing time. The bidding for the lot will close when a period of 5 minutes has expired without an additional bid.

Warranty: Neither the seller nor the auctioneer makes any warranty or guarantee to the condition of any item. All items are sold “as is, where is”. Item descriptions have been derived from sources believed to be correct; however, neither the seller nor the auctioneer guarantees these descriptions. RELY ON YOUR OWN PERSONAL INSPECTION. The failure of any bidder to inspect, or to be fully informed as to the condition of the property, its age, value or other determinative factor, will not constitute grounds for any claim or demand for adjustment or withdrawal of bid.

Agency: All transactions are between the seller and the buyer. The auctioneer is acting only as the seller’s agent.

Buyers Premium: A fifteen percent (15%) buyers premium will be added to all purchases.

Sales Tax: Sales tax will be collected, when applicable. Sales tax, property tax and registration fees on any vehicle are the responsibility of the purchaser to be paid directly to the appropriate government agency.

Payment: This is a cash transaction. Winning bidder will deposit full purchase price, plus deed transfer fee of $195.00. Recorded deed will be mailed to Purchaser.

Winning Bidder Notification: If you are the winning bidder for a lot or group of lots, you will be notified with an invoice via email within 1 hour of the close of the auction.

Catalog Discrepancies: You are bidding on the item as described. Do not rely solely on the photograph. Occasionally, the wrong photograph may be displayed, or other additional items may be pictured which do not sell with the current lot.

Bidding Errors: If you mistakenly increase your own bid, place your bidder number in the bid field, or make any other gross bidding error, you must contact our office immediately by email. If an adjustment is made to your bid, you must remain the high bidder.

We will not reverse bids that have caused another bidder to be outbid. We will not reverse any bids after the auction has begun to close, no exceptions.