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<br />. Money Order <br />. Company Check (with Bank Letter guaranteeing funds - mandatory) <br />Checks shall be made payable to: Cabarrus County. Payments shall be made at the location <br />listed in the Buyer's Certificate. <br /> <br />Escrow Payment. When the purchase price (of a single item or the aggregate purchase price <br />of multiple items) totals $5,000 or greater, the Seller may require a down payment from the <br />winning Buyer. This non-refundable fee will be 20% of the total purchase price. When the <br />Seller exercises this option, the Buver will have 48-hours from the time of issuance of the <br />Buvers Certificate. to c9mplv with this reouirement. If Buyer falls to comply with this <br />requirement within the st~ted time frame, the Seller can declare Buyer in default, bar them from <br />further bidding and have them removed from the GovDeals system. If Buyer is in default, Seller <br />may negotiate with next closest bidder, re-list at another auction and/or pursue all legal <br />proceedings. All monies collected in escrow, will be deducted from total monies due at time of <br />final payment. <br /> <br />Removal. All items must be removed within 10 business days from the time and date of <br />issuance of the Buyer's Certificate. Purchases will be released onlv upon receipt of payment as <br />specified. Successful bidders are responsible for loading and removal and any and all property <br />awarded to them from thei place where the property is located as indicated on the website and in <br />the Buyer's Certificate. The Buyer will make all arrangements and perform all work necessary, <br />including packing, loading and transportation of the property. Under no circumstances will <br />Cabarrus County assume responsibility for packing, loading or shipping. Property may be <br />removed between the hours of 9:00a.m. and 3:00p.m., Monday through Friday, excluding <br />legal holidays. For additional information, please contact Sherri Barnhardt, Purchasing <br />Agent/Contract Administrator, (704) 920-2884 office - (704) 920-2881 fax Q[ e-mail: <br />smbarnhardttalcabarruscCluntv.us to schedule an inspection. A daily storage fee of $1 0.00 may <br />be charged for any item not removed within the 10 business days allowed and stated on the <br />Buyer's Certificate. <br /> <br />Vehicle Titles. Seller will issue a title or certificate upon receipt of payment. Titles may be <br />subject to any restrictions as indicated in the item description on the website. Open titles cannot <br />be issued. Cabarrus County will not issue replacement titles. <br /> <br />Default. Default shall include (1) failure to observe these terms and conditions; (2) failure to <br />make good and timely payment; or (3) failure to remove all items within the specified time. <br />Default may result in termination of the contract and suspension from participation in all future <br />sales until the default has been cured. If the Buyer falls in the performance of their obligations, <br />Seller may exercise such rights and may pursue such remedies as are provided by law. Seller <br />reserves the right to reclaim and resell all items not removed bv Buver thirty (30) days from the <br />expiration of specified removal date. <br /> <br />Acceptance of Terms al)d Conditions. By submitting a bid, the bidder agrees that they have <br />read, fully understand and accept these Terms and Conditions of Online Sales, and agree to <br />pay for and remove the property, if the bid is accepted, by the dates and times specified. These <br />Terms and Conditions ar~ displaved at the top of each paoe of each item listed on GovDeals. <br /> <br />CovDeals Sellers Agreement -V4.5 - 2.25.05 <br /> <br />2 <br /> <br />Copyright 200 I, Govllcals, Inc. <br /> <br />1="-to <br />