Common use of Execution of Purchase Agreement Clause in Contracts

Execution of Purchase Agreement. The successful bidder has earned the right to make an offer to the Seller; no sale has been completed. The bidder will be required to execute an Irrevocable Real Estate Purchase Agreement immediately following the close of the auction and provide the required ▇▇▇▇▇▇▇ Money within 24 hours to the Seller in a check payable to Ness Bros. Buyer’s offer expires 11:59 P.M. (local time) 7 days after the online auction date, unless Seller timely accepts it; the ▇▇▇▇▇▇▇ Money will be returned if Seller does not accept the successful bid as a primary or secondary offer, subject to any required approvals. --- SECONDARY / BACK-UP OFFER: IF this offer is a secondary / back-up offer, then this offer will stay in effect until 27 days after the Auction ends. Buyer may Terminate Secondary/Back-up Offer at any time if ▇▇▇▇▇ has an accepted offer on another property. --- CLOSING: Balance of the purchase price is due in cash at Closing, which will take place, within 45 days after the acceptance date if the Buyer has financed the transaction or 30 days after the acceptance if the Buyer has made a cash offer. The fee charged by any closing agent, including an attorney acting as a closing agent for both parties, or ▇▇▇▇▇’s lender acting in such capacity, for closing services shall be paid equally by the parties. Buyer will be responsible for paying a $245.00 administration transaction commission payable to Ness Bros. STATEMENTS MADE BY AUCTIONEER WILL TAKE PRECEDENCE OVER PREVIOUSLY PRINTED MATERIALS OR ANY PREVIOUS ORAL STATEMENTS

Execution of Purchase Agreement. The successful bidder has earned the right to make an offer to the Seller; no sale has been completed. The bidder will be required to execute an Irrevocable Real Estate Purchase Agreement immediately following the close of the auction and provide the required ▇▇▇▇▇▇▇ Money within 24 hours to the Seller in a check payable to Ness Bros. Buyer’s offer expires 11:59 P.M. (local time) 7 days after the online auction date, unless Seller timely accepts it; the ▇▇▇▇▇▇▇ Money will be returned if Seller does not accept the successful bid as a primary or secondary offer, subject to any required approvals. --- SECONDARY / BACK-UP OFFER: IF this offer is a secondary / back-up offer, then this offer will stay in effect until 27 days after the Auction ends. Buyer may Terminate Secondary/Back-up Offer at any time if ▇▇▇▇▇ Buyer has an accepted offer on another property. --- CLOSING: Balance of the purchase price is due in cash at Closing, which will take place, within 45 days after the acceptance date if the Buyer has financed the transaction or 30 days after the acceptance if the Buyer has made a cash offer. The fee charged by any closing agent, including an attorney acting as a closing agent for both parties, or ▇▇▇▇▇Buyer’s lender acting in such capacity, for closing services shall be paid equally by the parties. Buyer will be responsible for paying a $245.00 administration transaction commission payable to Ness Bros. STATEMENTS MADE BY AUCTIONEER WILL TAKE PRECEDENCE OVER PREVIOUSLY PRINTED MATERIALS OR ANY PREVIOUS ORAL STATEMENTS

Execution of Purchase Agreement. The successful bidder has earned the right to make an offer to the Seller; no sale has been completed. The bidder will be required to execute an Irrevocable Real Estate Purchase Agreement immediately following the close of the auction and provide the required ▇▇▇▇▇▇▇ Money within 24 hours to the Seller in a check payable to Ness Bros. Buyer▇▇▇▇▇’s offer expires 11:59 P.M. (local time) 7 days after the online auction date, unless Seller timely accepts it; the ▇▇▇▇▇▇▇ Money will be returned if Seller does not accept the successful bid as a primary or secondary offer, subject to any required approvals. --- SECONDARY / BACK-UP OFFER: IF this offer is a secondary / back-up offer, then this offer will stay in effect until 27 days after the Auction ends. Buyer may Terminate Secondary/Back-up Offer at any time if ▇▇▇▇▇ has an accepted offer on another property. --- CLOSING: Balance of the purchase price is due in cash at Closing, which will take place, within 45 days after the acceptance date if the Buyer has financed the transaction or 30 days after the acceptance if the Buyer has made a cash offer. The fee charged by any closing agent, including an attorney acting as a closing agent for both parties, or ▇▇▇▇▇’s lender acting in such capacity, for closing services shall be paid equally by the parties. Buyer will be responsible for paying a $245.00 administration transaction commission payable to Ness Bros. STATEMENTS MADE BY AUCTIONEER WILL TAKE PRECEDENCE OVER PREVIOUSLY PRINTED MATERIALS OR ANY PREVIOUS ORAL STATEMENTS

Execution of Purchase Agreement. The successful bidder has earned the right to make an offer to the Seller; no sale has been completed. The bidder will be required to execute an Irrevocable Real Estate Purchase Agreement immediately following the close of the auction and provide the required ▇▇▇▇▇▇▇ Money within 24 hours to the Seller in a check payable to Ness Bros. Buyer’s offer expires 11:59 P.M. (local time) 7 days after the online auction date, unless Seller timely accepts it; the ▇▇▇▇▇▇▇ Money will be returned if Seller does not accept the successful bid as a primary or secondary offer, subject to any required approvals. --- SECONDARY / BACK-UP OFFER: IF this offer is a secondary / back-up offer, then this offer will stay in effect until 27 days after the Auction ends. Buyer may Terminate Secondary/Back-up Offer at any time if ▇▇▇▇▇ has an accepted offer on another property. --- CLOSING: Balance of the purchase price is due in cash at Closing, which will take place, within 45 days after the acceptance date following Bankruptcy Court approval if the Buyer has financed the transaction or 30 days after the acceptance following Bankruptcy Court approval if the Buyer has made a cash offer. The fee charged by any closing agent, including an attorney acting as a closing agent for both parties, or ▇▇▇▇▇’s lender acting in such capacity, for closing services shall be paid equally by the parties. Buyer will be responsible for paying a $245.00 administration transaction commission payable to Ness Bros. STATEMENTS MADE BY AUCTIONEER WILL TAKE PRECEDENCE OVER PREVIOUSLY PRINTED MATERIALS OR ANY PREVIOUS ORAL STATEMENTS