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bids, if any, and the highest such bid will become the new offer. If there is more than one <br />bid in the highest amount, the first such bid received will become the new offer. <br />4. If a qualifying higher bid is received, the County Clerk shall cause a new notice of <br />upset bid to be published, and shall continue to do so until a 10 -day period has passed <br />without any qualifying upset bid having been received. <br />5. A qualifying higher bid is one that raises the existing offer by not less than 10 percent <br />(10%) of the first $1,000 of that offer and 5 percent (5%) of the remainder of that offer. <br />6. A qualifying higher bid must also be accompanied by a deposit in the amount of 5 <br />percent (5%) of the bid; the deposit may be made in cash, cashier's check, or certified <br />check. The County will return the deposit on any bid not accepted, and will return the <br />deposit on an offer subject to upset if a qualifying higher bid is received. The County <br />will return the deposit of the final high bidder at closing. <br />7. The terms of the final sale are as follows: <br />a. The buyer must pay with cash, cashier's check or certified check at the time of <br />closing. <br />8. The County reserves the right to withdraw the property from sale at any time before the final <br />high bid is accepted and the right to reject at any time all bids. <br />9. If no qualifying upset bid is received after the initial public notice, the offer set forth above is <br />hereby accepted. The appropriate County officials are authorized to execute the instruments <br />necessary to convey the property. <br />Dated this the I' day of December 2014. <br />Chairmdn <br />Lee County Board of Commissioners <br />ATTEST: <br />1 M. Lee, Clerk <br />Lee County Board of Commissioners <br />