PROPERTY IS OFFERED UNDER THE SPECIFIC TERMS PROVIDED. PLEASE READ AND REVIEW THE
TERMS THOROUGHLY PRIOR TO BIDDING ON ANY PROPERTY. IF YOU HAVE NOT READ AND REVIEWED
THE TERMS and all DOCUMENTATION PROVIDED DO NOT BID.

PAYMENT TERMS:

10% buyer's premium, Sales Tax is applicable

$50.00 will be added to your invoice for recreational motorcyles & ATV's to fund the Mississippi Trauma Care System.'

Everything Sells
AS-IS, WHERE-IS

No sales tax will be assessed on any titled vehicle. Tax on
titled vehicles will be paid in the county where you title the vehicle in your name.
Appropriate sales tax will be charged in regard to all other items.

If
you are an out of state bidder and are the successful purchaser; please complete a
certificate of interstate sales and bring at pickup. This form is required by the
Mississippi State Tax Commission for out- of- state buyers in regard to exemption of
Mississippi Sales Tax.

Download the Certificate of Interstate sales from the
website below: http://www.dor.ms.gov/docs/sales_72315.pdf

All
accounts must be settled at the conclusion of the auction. We request Payment made in
full day of pickup. We prefer CASH, CHECK, CERTIFIED CHECK OR WIRE TRANSFER. We will
not be accepting credit cards in regard to this auction. Bidders will be charged a
10% Buyers Fee and the appropriate sales tax if applicable.

Electronic
Payment: Electronic payment for final payment of purchases must originate from an
account of the registered buyer or the business the buyer represents. The transfer
must include the bidder number and the invoice number.

Unpaid
Invoices: The successful purchaser agrees to pay any and all reasonable attorney's
fees and costs incurred by the Auction Company, the seller and/or their servants,
agents or employees in the commencement or defense of any actions hereunder as well
as in the collection of any obligations hereunder. The purchaser agrees that a fee of
2% per month be added to the balance of any unpaid balance due the Auction Company
and any other costs or losses incurred by the purchaser's failure to adhere to these
terms.

BID ACCEPTANCE: All bids are subject to acceptance by the
AUCTIONEER/AUCTION COMPANY. No bid shall be deemed a valid bid until accepted by the
Auctioneer. If you are the successful bidder, you agree to pay the amount of your bid
plus all taxes and premiums in accordance with all written or oral terms and
conditions of the auction. Winning high bidders will be notified by email when all
items in the auction have closed. Bidders are responsible for checking their email to
receive notification that they have won. Via registration, you agree to all of the
terms and conditions which may be set forth by each individual auction company and
expressly acknowledge and affirm that you have read and are familiar with the terms
and conditions of each individual auction company as well as each terms and
conditions of each individual auction. The Auctioneer/ Auction Company has the sole
discretion to advance the bidding and may reject any and all bids which in the
Auctioneer's sole discretion does not advance and/or injurious to the auction,
including but not limited to minimal suspicious and/or suspect advances.

The
Auctioneer shall have sole discretion in deciding the successful bidder in the event
of a bidding dispute. All sales are final upon the determination of the successful
bidder by the auctioneer. By placing a bid, you acknowledge that your bid is a
legally binding offer to purchase the item or property being auctioned. Times shall
be of the essence.

ALL PROPERTY IS SOLD 'AS-IS' and ALL SALES ARE FINAL:
Taylor Auction & Realty, Inc. may attempt to describe the merchandise in advertising,
on the internet and at the auction but makes no representations. Printed statements
or descriptions by staff are provided in good faith and are matters of opinion. In
no event shall Taylor Auction & Realty, Inc. be held responsible for having made or
implied any warranty of merchantability or fitness for a particular purpose. Bidder
shall be the sole judge of value. Bidders who bid from off-site understand and
acknowledge that they may not be able to inspect an item as well as if they examined
it in person. Taylor Auction & Realty, Inc. will not be responsible for any errors or
omissions in the description of the merchandise. Bidder agrees that everything is
sold as is and that they may not return any item they purchase.

Items
may be inspected at our facility. Taylor Auction & Realty, Inc. provides ample
opportunity for an inspection. Taylor Auction & Realty, Inc. reserves the right to
withdraw or re-catalog items in this auction.

Bidding and Outbid
Notifications:

In order to have enough time to conduct authorizations,
registration must be completed at least 24 hours in advance of the end date of the
auction. If the day before an auction falls on a holiday or weekend, the deadline is
the day before the holiday or the Friday prior to the auction. In order to better
serve our customers, all bidders must provide their name, address, daytime phone
number or cell number, and email address at which they can be contacted. This is to
insure good communication between Taylor Auction & Realty, Inc. and the bidder
throughout any transactions. Each bidder's identity will be verified. Bidding
rights are provisional, and if complete verification is not possible, Taylor Auction
& Realty, Inc. will reject the registration, and bidding activity will be
terminated.

Our on-line auctions move quickly! If you are interested
in bidding, bid quickly, especially at the close of the bidding time. The bidding
software will notify bidders by email or text when they have been outbid. Bidders
may also find out if they have been outbid by refreshing the individual lot
information or the entire screen. Due to varying internet connections/ speed,
please place a max bid or constantly monitor the auction at close of bidding.
Sometimes email or text notifications can be delayed. If you win you will be
notified by email.

NEITHER THE COMPANY PROVIDING THE SOFTWARE NOR THE
AUCTION COMPANY SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE
SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON.

Taylor Auction & Realty,
Inc. provides online bidding 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 Taylor
Auction & Realty, Inc. or anyone else if the internet service fails to work
correctly. Taylor Auction & Realty, Inc. will not be responsible for any missed bids
from any source.

This auction features EXTENDED BIDDING! Any lot that
gets a bid within fifteen minutes of its Scheduled Closing Time will remain open for
bids past its normal close; it will go into extended bidding. It will remain open
until there are no bids on that lot for TEN minutes. This only affects lots with last
minute bids; other lots will continue to close at their normal times. If you have
questions please call us 662-226-2080.

Time Increase or
Decrease: : In the event there are technical difficulties related to the server,
software or any other online auction-related technologies, Taylor Auction & Realty,
Inc., reserve the right to extend bidding, continue the bidding, or close the bidding
or increase of decrease the extended time amount at the end of the auction.

REMOVAL: July 13th-15th
9:00 am to 4:00 pm

If you are unable to remove your purchases until
after the removal times above, please call us at 662.226.2080. If we concur, you are
not intending to remove the items in a timely manner and/or bring payment; your
credit card will be charged the amount due. In addition, a storage fee of $20.00 a
day will be charged to your credit card. If buyer does not pick up items or make
payments up to date on merchandise, the buyer will be flagged for all MarkNet
auctions. This includes all auction companies that are a part of the
www.MarknetAlliance Organization. This means, you will not be able to bid on any
online auction of the associated auction companies with MarkNet
Alliance.

Hold Harmless: Buyer and or bidder agrees that Taylor
Auction and Realty, Inc. is a representative of the Seller and agrees to hold
harmless and indemnify Taylor Auction & Realty, Inc. and its Agents, Owner,
Directors, Employees and its Representatives from any and all claims, demands,
expenses, damages which bidder/buyer may claim on account of or any way growing out
of said auction and to look solely to the Seller for any remedy
demanded.

SOLE AND EXCLUSIVE VENUE & JURISDICTION OF ALL DISPUTES: Any
and all claims, including debt collection and all other disputes of any kind, nature,
or character whatsoever arising from this auction sale shall be brought in the
appropriate court of Grenada County, Mississippi, and shall be governed by the laws
of the State of Mississippi; Seller, Bidder and Buyer each individually and
collectively by virtue of participating in the Auction conducted by Taylor Auction
and Realty, Inc. do hereby irrevocably agree to submit themselves and any claims to
the jurisdiction and venue of the courts of Grenada County, Mississippi, and the laws
of the State of Mississippi, which shall be the sole venue and jurisdiction for the
resolution of any claims between them and Taylor Auction and Realty, Inc. regardless
of the nature or location of the property sold/purchased or the physical location of
the Auction.

Bidder Acknowledgment: Bidder acknowledges that no
relationship of any nature or type, agent, employee, independent contractor or
otherwise is created between bidder and auctioneer, affiliated auction companies,
affiliated software companies and/or any servant, agent or employee of the same by
bidder's participation in this auction. Bidder acknowledges and agrees that
Auctioneer is acting solely as the agent for the seller in this
auction.

Bidder Responsibilities: Bidder responsibilities include,
but are not limited to: Bidders agree to keep their username and password
confidential, as they are responsible for ANY and ALL activity involving their
account. When using the web site you must obey any and all local state and federal
laws. Violations will result in termination of web site use privileges. Auction
company employees and/or auction company may bid on auction for absentee bidders or
at the direction of interested bidders.

Guaranty Agreement in regard
to bidding for a business entity: By submitting a bid in the name of a business
entity or corporation, the individual submitting the bid enters into a guaranty
agreement whereby he or she personally guarantees payment to Taylor Auction & Realty,
Inc. and completion of the transaction.

MAX BIDS:

Internet
bidders who desire to make certain their bids are acknowledged should use the
internet bidding feature and leave their maximum bid. When you bid your max, the
current bid price doesn`t automatically go to your max bid. Someone else has to bid
to increase the current price and the computer will automatically bid up to your max
in the increments specified.

REFRESH YOU SCREEN:

Please
remember to REFRESH your screen to find out if you have been outbid. To refresh your
screen, you need to click on `RESET CATALOG` or REFRESH ALL for the whole page to
refresh or use the refresh button on your browser.

This is most important at
the end of the auction.

YOU MUST REFRESH THE SCREEN TO KEEP THE TIME
ACCURATE.

By bidding on any item, the bidder shows acceptance of the
terms of the auction.

INFORMATION IS SUBJECT TO
CHANGE

OPEN DAILY MONDAY - FRIDAY FROM 9-5PM, Please call 662.226.2080
or 662.417.0397 before you travel to our facility.

LOCATION:

Taylor Auction & Realty Auction
Facility:

15488 Hwy 51 N, Grenada, Ms 38901

2016 Recreational Online Auction