AUCTION TERMS & CONDITIONS

In order to bid, you must read and accept all the terms and conditions set forth below.
The following Terms & Conditions apply to the online real estate auction of The Current River Beach Resort Consisting of 8.024+/- acres including 8 cabins & a bait shop/storefront located in Biggers, AR and 3 residential lots located in Ravenden Springs, AR.

Buyer's Premium: A buyer's premium of Ten percent (10%) of the high bid will be added to the bid to determine the final sales price.

All offers are made subject the approval of the Federal Bankruptcy Court.

PAYMENT: 20% down at the conclusion of the auction with the balance due in 30 days at closing. Purchaser will receive a Trustee's Deed at closing. Purchaser will be required to pay their side of closing costs. Closing will take place at ________TBD__________ title company. Contact auctioneers if additional information is needed.

Payment Terms: Wooley Auctioneers requires a credit card for bidder verification purposes only. We will never charge your credit card for real estate transactions. Wooley Auctioneers will contact the winning bidder by phone at the conclusion of the auction with detailed payment instructions.

Wooley Auctioneers, Inc. (Auction Company) is providing an Internet auction as a service to Bidder. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall bidder have any kind of claim against Auction Company or anyone else if the Internet service fails to work correctly during the online auction. Auction Company will not be responsible for any missed bids from any source. Internet bidders who desire to make certain their bid is acknowledged should use the proxy bidding feature and leave their maximum bid at least 24 hours before the auction closes.

Auction Company reserves the right to withdraw or re-catalog items in this auction.

Buyer's Contract: Your bids placed on the Wooley Auctioneers website are a contract and you are responsible for paying all amounts due.

Currency Type: USD Auction Location: Internet Online Only
Additional Terms of Sale:

1. YOUR BID IS A CONTRACT TO BUY should you be the winning bidder.

2. All property is sold "AS IS".

3. By bidding on property, the bidder shows acceptance of the terms of the auction.

4. All announcements made prior to the close of the Internet bidding take precedence over any and all written or verbal statements.

5. Wooley Auctioneers attempts to describe the properties to the best of our abilities however we make no representations or guarantees. In no event shall Wooley Auctioneers, Inc. be held responsible for having made or implied any warranty of merchantability or fitness for a particular purpose. Nor shall we be responsible for any errors or omissions in the description of the properties.

EXPLANATION SOFT CLOSE: if an item receives a bid within the last 5 minutes, then the close time will be extended 5 minutes from the time the bid is placed. The time will continue to be extended for 5 minutes with each newly placed bid and the item will not close until 5 minutes has elapsed with no additional bid activity. This does eliminate "snipers" from our Internet Auctions. Please be assured that we have taken every precaution to set the site up in a transparent manner that allows for the fairest environment for both buyers and sellers.

Consisting Of: 900+/- FT. Of Current River Frontage Situated On 8.025+/- Total Acres. The Property Features A 2,100+/- Sq. Ft. Bait Shop/Storefront, Shaded Picnic Area & 8 Cabins. 6 Of The Cabins Are Furnished And Ready To Rent. Each Cabin Is Approximately 640+/- Sq. Ft. And Consist Of 2 Beds, 1 Bath, Loft Area, Kitchen, Back Porch W/ River View, And Sleeps 6 Comfortably. The 6 Furnished Cabins Were Completed In 2017 And There Are Two More That Need To Be Finished Out. Also Included In This Sale Are 3 Residential Lots Located On Spring St. In Ravenden Springs, AR. A 10% Buyers Premium Will Apply To All Purchases.