1510 Garfield Street Piqua OH 45356

Auction Terms and Conditions

Thank you for your interest in this property! To learn more about bidding on or buying this property, please read these terms and conditions in their entirety.

BINDING AGREEMENT

These Auction Terms and Conditions are a binding agreement between you and Richard F. Kruse, the Private Selling Officer (the "PSO") who is conducting the auction of, or providing information about, this property. By registering to bid on this property, you are accepting the terms and conditions of this agreement and agree to be bound by this agreement. If you do not accept the terms and conditions of this agreement or do not want to be bound by it, do not register to bid on this property.

DEFINITIONS

Defined terms for this agreement are indicated in italics.

A bidder is a prospective buyer who places a bid on the property.

A bid is an irrevocable offer to purchase the property for the contract price.

The buyer's premium is the amount added to the highest bid to determine the contract price. The buyer's premium is calculated as a percentage of the highest bid. For example, if the highest bid is $100,000 and the buyer's premium is 10%, the buyer's premium is $10,000 and the contract price is $110,000. The buyer's premium is due and payable to the PSO.

The contract price is the total purchase price of the property. The contract price is the sum of the highest bid, the buyer's premium, and the amount of costs, allowances, and taxes that the proceeds of the sale are insufficient to cover.

The highest qualified bidder means the bidder who submits the highest bid at the auction of the property, completes a full and acceptable bidder registration, and satisfies the terms and conditions of the auction, including completing payment of the sale deposit on time. The highest qualified bidder is the person or entity who has properly and timely completed all registration requirements prior to bidding, including compliance with Ohio Revised Code Section 2329.154 and any additional registration, identification, deposit, or qualification requirements established by the Private Selling Officer and set forth in these Terms of Sale. A bid submitted by any person or entity who has not fully satisfied these registration requirements shall not be recognized, and such bidder shall not be deemed the highest qualified bidder regardless of the amount bid. The PSO determines the highest qualified bidder in his sole discretion, subject to the court's review of the results of the auction and the court's confirmation of the sale.

The property details page is the page on this website that identifies the property up for auction and where bids are placed for that property.

PUBLIC AUCTION; NOT A PRIVATE SALE

The auction is a public auction, not a private sale of real estate. As such, you acknowledge and agree that you will not receive disclosure statements or other documents customarily provided in a private sale of real estate, such as Agency Disclosures, Property Disclosures and Lead Based Paint Disclosures.

If you are the highest qualified bidder and the court confirms the sale, you will be obligated to complete your purchase of the property for the contract price in accordance with orders from the court, Ohio law, instructions from the PSO, and the terms of this agreement.

NO ACCESS TO THE PROPERTY / VIEWINGS / INSPECTIONS

Access is not authorized until after the buyer takes title to the property. The PSO does not have any right to access the property and cannot give you, appraisers, lenders or inspectors access to the property. You agree that you will not access or attempt to access the property yourself or attempt to circumvent this prohibition by having someone else act on your behalf.

CONDUCTING DUE DILIGENCE ON THE PROPERTY

You must perform your own due diligence related to purchasing the property and independently verify all information about the property. Although information about the property has been obtained from sources thought to be reliable, the PSO does not make any guarantee or representations as to the accuracy or completeness of any such information and assumes no liability for any errors or omissions regarding such information. Any photographs of the property are provided for marketing purposes only and are not guaranteed to be a recent or fully accurate depiction of the property.

CONDITION OF THE PROPERTY; ASSUMPTION OF RISK

The property is being sold in its existing "AS IS, WHERE IS, WITH ALL FAULTS" condition, with no expressed or implied guarantees, representations, or warranties whatsoever, and with all faults, defects, and limitations, whether apparent or not. You are assuming all risks associated with purchasing this property. You must accept the property in whatever state and condition the property is in, with all defects, both patent and latent, and with all faults, whether known or unknown, existing at the time or arising in the future. All title reviews, repairs, inspections (if any), surveys, or permits related to the property are at your own risk and expense.

PURCHASER CONTINGENCIES

None, other than the contingency that the sale is subject to confirmation by the court as described below.

REGISTERING TO BID

If you want to bid on a property, you must register in accordance with the website's registration requirements and in compliance with Ohio Revised Code Section 2329.154. When registering, you may not provide incomplete or false information or impersonate, imitate or pretend to be someone else. If you do so, the PSO may reject your registration and award highest qualified bidder status to the bidder who, in the PSO's sole discretion, submitted the highest bid while remaining in compliance with these terms and the applicable registration requirements.

The PSO may require proof that your registration information is accurate at any time, including after completion of the auction and prior to submitting the Return of Sale to the Court. If you do not provide such proof, the PSO may terminate or suspend your use of the website and/or reject your registration and award highest qualified bidder status to the bidder who, in the PSO's sole discretion, is in compliance with these terms and the applicable registration requirements. You may not bid on any property if you have been temporarily or permanently suspended from using the website.

The PSO may reject the use of any password, username, or email address for any reason.

You may register to bid only if you are able to form a legally binding contract to purchase real property under Ohio law. You cannot bid if you are a minor or incompetent or do not have the mental capacity or authority to enter into a contract to purchase real property. You cannot bid for another person or entity unless you are able to form a legally binding contract to purchase real property under Ohio law. The PSO may require proof of that legal ability in a format acceptable to the PSO. If you do not provide such proof, the PSO may terminate or suspend your use of the website and/or reject your registration and award highest qualified bidder status to the bidder who, in the PSO's sole discretion, is in compliance with these terms and the applicable registration requirements.

If you are registering an entity in accordance with Ohio Revised Code Section 2329.154, your registration constitutes a representation and warranty that the entity is duly formed and in good standing, that you are its duly authorized representative, and that you have actual authority to legally bind the entity to a contract to purchase real property. If you do not have this authority, you agree that you will be personally liable for your conduct. The PSO may require proof of that authority in a format acceptable to the PSO, such as entity formation documents and resolutions authorizing the transaction. If you do not provide such proof, the PSO may terminate or suspend your use of the website and/or reject your registration and award highest qualified bidder status to the bidder who, in the PSO's sole discretion, is in compliance with these terms and the applicable registration requirements.

If any of your registration information changes, you must update it promptly. Your failure to do so is at your own risk. You will not seek to hold anyone else liable for your failure to keep your registration information up to date.

SAFEGUARDING YOUR REGISTRATION INFORMATION

You are solely responsible for safeguarding your registration information and for updating and maintaining it. You are responsible for all actions taken with the use of your registration information. You may not authorize or permit anyone else to access or use your registration information, and you may not access or use anyone else's registration information. You may not sub-license, transfer, sell, rent, or assign your registration information to any third party. Any attempt to do so will be null and void.

CANCELLATION / POSTPONEMENT

The auction might be cancelled or postponed at any time, or the court might vacate the sale after the auction takes place or decline to confirm the sale. If you are the highest qualified bidder, your purchase of the property might be delayed or you might not be able to complete your purchase of the property. You will bear all risk of loss in these circumstances and will not seek to hold anyone liable for any costs, expenses, or losses you may incur.

BIDDING ON THE PROPERTY

All bidding is open to the public without regard to race, color, sex, religion, familial status, disability or national origin.

If you place a bid on the property, your bid is an indication of your intent to purchase the property for the contract price. If you are the highest qualified bidder and the court confirms the sale, you will be obligated to complete your purchase of the property for the contract price in accordance with orders from the court, Ohio law, instructions from the PSO, and the terms of this agreement.

EXTENSION OF THE AUCTION

If any bidding occurs in the final moments of the auction, the end of the auction will be extended automatically for successive fixed periods of time (the "anti-snipe time"). The auction will end after no bidding occurs during the anti-snipe time.

THE HIGHEST QUALIFIED BIDDER

The PSO controls all aspects of the bidding process and reserves the right to reject any bid in his sole discretion. The PSO has sole and absolute discretion to determine the highest qualified bidder, subject to the court's review of the results of the auction and the court's confirmation of the sale.

POST-SALE OBLIGATIONS

Completing the Purchaser Information Form. If you are the highest qualified bidder, you must complete and sign a Purchaser Information Form and return it to the PSO within twenty-four (24) hours of the end of the auction. When completing the Form, you must do so utilizing the same name and contact information utilized in registration and may not provide incomplete or false information or impersonate, imitate or pretend to be someone else. If you fail to timely and accurately complete the Form, the PSO may reject your registration and award highest qualified bidder status to the bidder who, in the PSO's sole discretion, is in compliance with these terms and the applicable registration requirements.

Assignment. The highest qualified bidder may not assign their purchase rights to another party. If you attempt to do so, you will be deemed in default of your obligations under this agreement, subject to the consequences described below under "Consequences of Being in Default of Your Payment Obligation," in addition to any other remedies available to the PSO at law.

Payment of the Sale Deposit. If you are the highest qualified bidder, you must pay the full amount of the sale deposit required by Ohio Revised Code Section 2329.211 within twenty-four (24) hours of the end of the auction. Your payment must be made by wire transfer or other electronic means acceptable to the PSO. Cash and personal checks are not acceptable forms of payment. If you fail to pay the sale deposit on or before the payment deadline, you will be in default of your payment obligation.

Payment of the Balance Due. If you are the highest qualified bidder, you must pay the balance due within thirty (30) days of the court's confirmation of the sale. The balance due consists of (1) the balance of the contract price, (2) county transfer taxes, (3) county deed recording fees, and (4) any costs, allowances, and taxes that the contract price is insufficient to cover. Your payment must be made by wire transfer or other electronic means acceptable to the PSO. Cash and personal checks are not acceptable forms of payment. If you fail to pay the balance due on or before the payment deadline, you will be in default of your payment obligation.

CONSEQUENCES OF BEING IN DEFAULT OF YOUR PAYMENT OBLIGATION

If you default on your obligation to pay the sale deposit or the balance due by the deadlines for making such payments, then:

BUYER AGENT COMPENSATION

Seller does not offer buyer agent compensation. Bidders may elect to utilize a buyer agent at their sole expense.

If a bidder wishes to compensate their buyer agent within the Confirmation of Sale and ultimate Distribution, the commission amount may be added to the final purchase price. Bidders MUST notify the Auctioneer of their intent to include buyer agent compensation PRIOR TO submitting the Purchaser Information Form to ensure proper documentation.

Any modification to the purchase price to accommodate buyer agent compensation is subject to Court Approval, which is NOT guaranteed. Buyer agent compensation cannot be treated as a contingency to the sale. Failure to obtain Court Approval for such modification shall not relieve the successful bidder of their other obligations under the terms of sale.

By registering to bid, bidders acknowledge and agree to these terms regarding buyer agent compensation (BAC).

SALE CONTINGENT ON CONFIRMATION BY COURT

The sale of the property is contingent upon the court's entering an order confirming the sale of the property. The sale of the property is not subject to any other contingency, such as a financing contingency, an inspection contingency, or an occupancy contingency.

PRIVATE SELLING OFFICER DEED

If the court confirms the sale, the PSO will convey title to the property via a Private Selling Officer's deed in accordance with Section 5302.31 of the Ohio Revised Code. No warranties of title are made in connection with the conveyance of title.

If you wish to take title in the name of an entity, the PSO may require documentation or information relevant to an entity's purchase of real property, such as entity formation documents and resolutions authorizing the transaction, all of which must be complete and accurate at the time it is provided.

TITLE INSURANCE

If the property is subject to Section 2329.191 of the Ohio Revised Code, the highest qualified bidder is covered by title insurance applicable to foreclosure actions in Ohio. Section 2329.191 requires the plaintiff in a foreclosure action relating to residential property to file a Preliminary Judicial Report (a "PJR") with the court and to update it with a Final Judicial Report. The PJR is a guarantee of the record title only and is made for the use and benefit of the guaranteed party, as defined in the PJR, and the purchaser at the judicial sale, subject to all exclusions, exceptions, conditions, and stipulations set forth in the PJR.

A PJR does not provide the same coverage as an owner's title insurance policy. An owner's policy provides greater coverage. If you wish to obtain an owner's policy, you may contact the title company identified on the property details page for additional information. An owner's title insurance policy will be solely at your expense.

TECHNICAL PROVIDER AND TECHNOLOGY ISSUES

In the sole discretion of the PSO, the PSO may use a third party to provide technical services to facilitate the auction. In the event there are issues related to any technology utilized during the auction, the PSO may extend the bidding, continue the bidding, or close the bidding. In no event shall the PSO be held responsible or liable for a missed bid, any failure of technology to function properly for any reason during the auction, or for the actions of any third-party service provider engaged by the PSO to provide services for the auction.

FORCE MAJEURE

If the PSO is delayed or prevented from the performance of the auction by reason of any act of God, act of nature, fire, act of government or state, acts of war or terrorism, civil commotion, insurrection, embargo, prevention from or hindrance in obtaining raw material, energy or other supplies, labor stoppages or disputes of whatever nature, or any other reason beyond the control of the PSO, including, but not limited to any epidemic or outbreak of pandemic disease, performance of such act shall be excused, and any such event shall be treated as a postponement or cancellation of the auction under the "Cancellation / Postponement" section above, at the PSO's sole discretion.

DISCLAIMERS

The PSO has not made, does not make, and specifically negates and disclaims any representations, warranties, promises, covenants, agreements or guarantees of any kind or character whatsoever, whether express or implied, oral or written, past, present or future, of, as to, concerning or with respect to (1) the property, including whether any information about the property is complete, accurate, reliable, current, or error-free, (2) the website, including the availability, accessibility, functionality, or security of the website, and (3) accuracy of any photos utilized in marketing.

OCCUPANCY

No representations are made about whether the property is occupied. If you are the highest qualified bidder, all eviction proceedings and other duties and responsibilities of a real property owner and/or landlord, including compliance with federal, state or local laws, ordinances and regulations, will be your sole responsibility and obligation.

JURISDICTION OF THE COURT

The property and the auction process are subject to the jurisdiction of a court (the "Court"), usually the Court of Common Pleas in the county in which the property is located. Your rights and obligations are governed and interpreted by the laws of the State of Ohio, other applicable law, orders from the Court (collectively, "Applicable Law"), and the terms and conditions of this agreement. If there is conflict between this agreement and Applicable Law, the conflict will be resolved in favor of Applicable Law.

This agreement shall be construed, and the legal relations between the parties determined, in accordance with the laws of the State of Ohio, without regard to its conflicts of law rules. Any allegation, controversy or claim arising from or relating to an auction of property or brought in connection with this agreement shall be brought in the Court or, if the Court no longer has jurisdiction over the Property, then in the Franklin County, Ohio, Court of Common Pleas or the United States District Court located in Franklin County, Ohio. You hereby irrevocably consent to the exclusive jurisdiction and venue of these courts. You agree to submit to the personal jurisdiction of these courts, and you agree not to assert the doctrine of forum non conveniens in any action in these courts.

AMENDMENTS TO THIS AGREEMENT

The PSO reserves the right to amend the terms of this agreement at any time. All amendments become effective upon posting to the website. If you object to any amendment, your sole recourse will be to stop using the website and/or participating in an auction on the website. Your continued use of the website and/or participation in any auction on the website constitutes your acknowledgement of the amendment and agreement to be bound by the terms and conditions of this agreement, as amended.

Copyright 2026, Gryphon USA and Roup. No party is authorized to utilize these written sale terms, in whole or in part, without written consent of both authors.