Terms for Timed Auction - May 11, 2021

ITEMS CLOSE OUT STARTING AT 9 AM EASTERN TIME.

NOTICE: Everything will be sold at absolute auction to the highest bidder regardless of price.

AUCTIONEER NOTE: Items will start closing at 9 am eastern time, 4 items every 3 minutes, with additional time extension when bids are made in the last 90 seconds of close.

PREMIER AUCTION LOCATIONS:
Wright City, Waxahachie, Kansas City, Portland

LOCATION: Items are located across the nation and successful bidders will be invoiced from J.J. Kane, 33 Inverness Center Parkway, Birmingham AL 35243.
BUYER’S FEES: There will be a 12% buyer’s fee charged on all items sold. There will be a 15% buyer’s fee charged on all lots sold located in CA. (The Buyer’s Fee in CA is taxable). All items except those located in CA: • An administrative fee of $50.00 will be charged on all titled lots sold. An administrative fee of $10.00 will be charged on all non-titled lots sold. Fees apply regardless of the purchaser exemptions or residence. Sales tax will be collected on non-titled items per state regulations, tax rate is determined by the physical location of the item(s). Items located in CA: • Buyers of titled items physically located in CA will be charged a $70.00 Doc fee and $25.00 administrative fee. A $10.00 administrative fee will be charged on each non-titled lot. • On vehicles a $50.00 Smog Test fee, $8.25 Smog Certificate fee, $19.00 National Motor Vehicle Fee Registration Fee, Transfer Fee, .65% License Fee and a Weight Fee. • For each titled Auction Item sold in California, Purchasers who are California residents will be charged California sales tax and applicable fees at the time of purchase. • Non-Resident CA buyers will be charged California sales tax, but will be eligible for a refund of such sales tax after presenting Auctioneer with a signed bill of lading showing the Auction Item has been successfully removed from the state of California.
PAYMENT TERMS: Successful bidders will be notified of winning bid on sale day, Invoices will be emailed no later than the end on the 1st business day after the sale. • Full payment must be made by the close of business on the 3rd business day after the sale, unless agreed to in writing by JJ Kane Auctioneers. • Should Bidder fail to pay for any and all item(s) in full on the sale date, Bidder shall remain fully responsible for the purchase price and buyers fee. In addition to all other rights contained herein, if a default occurs and the full payment is not made by the 3rd business day following the sale, and as long as the default continues to occur, all outstanding financial obligations shall bear interest at the Interest Rate of 2% per month. The default interest rate shall apply from the date of the default through the time any judgment thereon is paid in full. If for any reason a court or arbitrator(s) deems this default interest rate excessive or impermissible, the arbitrator(s) or judge shall impose the maximum default interest rate permitted and all other terms contained herein shall remain valid and enforceable. JJ Kane Auctioneers shall be permitted to resell the item(s) and the Bidder shall be fully responsible for the difference of the purchase price along with the buyer’s fee and any additional cost regarding the resale of the item(s). Bidder understands that Bidder shall be responsible for all reasonable attorneys’ fees, court cost, default interest and other cost incurred by JJ Kane Auctioneers associated with the enforcement of this provision.
FINANCING: Altec Capital Services offers a quick and easy credit process, and flexible and affordable finance options. For more information dial (888) 408-8148 or email finance@alteccapital.com All financing must be pre-approved prior to the auction sale.
TIMED AUCTION BIDDING: This auction sale will feature TIMED AUCTION BIDDING powered by Proxibid. All prospective bidders are required to register on-line, bidding can start once you are approved, it could take up to 48 hours for the approval process. Go to www.jjkane.com (Bid Online Tab). All bidding will be completed on the internet, buyers will be required to comply with all the terms and conditions of the auction sale, including the payment and removal procedures. For all specific internet bidding questions, please contact Proxibid at (877) 505-7770.
REMOVAL: All items must be removed within 1 week (7 calendar days) of the auction, with no exceptions. A “paid in full” receipt must be presented for removal. Any items left on site by the Friday following the sale will be charged a storage fee! STORAGE FEE / GATE FEE: Storage Fee: $25.00 per item / per day. Fee starts accruing on 7th day after sale date, additional Gate Fees may apply at select locations. All removals are by appointment as each location has different hours of operation. Pickups need to be scheduled a minimum of 24 hrs. prior to arrival. Storage Fees must be paid prior to removal. NO EXCEPTIONS.
NOTICE: The following section shall apply to the following vehicle mounted aerial devices (Hereinafter referred to as “aerial device”): a. Extensible boom aerial devices; and b. Aerial Ladders; and c. Articulating boom aerial devices; and d. Vertical towers; and e. A combination of any of the above. The vehicle may be a truck, a trailer, or an all- terrain vehicle. The successful purchaser hereby acknowledges that J.J. Kane Auctioneers has provided them with the owner’s, operator’s, parts/service and maintenance manuals for the aerial device purchased. If the owner’s, operator’s, parts/service and maintenance manuals are not available, the successful purchaser hereby acknowledges that J.J. Kane Auctioneers has provided them with a list of manufacturers that the successful purchaser must contact to obtain the manual(s). The successful purchaser hereby acknowledges that they shall be responsible to notify the manufacturer of the unit model and serial number along with the name and address of the new owner within sixty (60) days from the date of purchase. Upon completion of the sale, JJ Kane Auctioneers will notify the prior owner of the successful purchasers name and location.

Notice to Attendees:
Persons attending are notified that an Auction Site is a potentially dangerous place. Flammable, corrosive and pressurized substances are present, heavy equipment is being operated and electric circuits may be live. Every person at the Auction Site before, during and after the auction sale shall be deemed to be there at his or her own risk with notice of the condition of the premises, the activities on the premises and the conduct of third parties and any registered bidder shall so advise his agents and employees. No persons shall have any claim against the Auctioneers, their agents, employees or principals for any injuries sustained, nor for damages to or loss of property which may occur from any cause whatsoever.
ADDITIONAL TERMS: Items will be added to the auction sale. In an emergency situation, all sellers reserve the right to remove any unit from the sale. The information listed within this brochure is only a guideline. Accuracy cannot be guaranteed. Everything will be sold "As-Is" and "Where-Is" with no warranties or guarantees expressed or implied.

NOTICE:
J.J. Kane Auctioneers or Seller(s) are not responsible for any inspections prior to or after purchase. All equipment or vehicles that require any type of inspection on the upper unit or chassis is 100% the bidder/purchaser's responsibility and expense. (ie: Cranes, Man Lifts, Buckets, Diggers, Construction Equipment, Trailers and Vehicles of any type).

NOTICE:
All Potential Bidders/Buyers: The safety and reliability of the equipment listed for sale cannot be ensured unless it receives regular inspections, tests and maintenance. The Seller or Auctioneer will not be responsible for equipment inspection reports before any equipment sale or failed equipment inspection reports after the equipment is sold. All equipment is sold As-Is, Where-Is with all faults, defects and modifications. The description of the equipment is for the purpose of identifying the equipment and DOES NOT CONSTITUTE A WARRANTY OR REPRESENTATION THAT THE EQUIPMENT SHALL CONFORM TO SUCH DESCRIPTION OR ANY CONDITION REFERRED TO THEREIN. J.J. Kane Auctioneers warrants only title to the equipment. The Seller or Auctioneer makes no representation or warranty of any kind, expressed or implied. It is the potential bidder/buyer responsibly to ensure that all equipment is given thorough inspections according to the manufacture recommendations by only those persons who are able to detect and assess defects and potential hazards that could limit the safe performance of the equipment functions. Purchaser agrees to release, waive all rights against, indemnify and hold harmless the auctioneer and sellers.