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0 HOW 15 r 621 <br />6. The Clerk to the Board is directed, should a qualifying <br />upset bid be received within ten (10) days from the publication of <br />said notice in accordance with N.C. Gen. Stat. 160A-269 and Gen. <br />Stat. 153A-176, to readvertise the offer at the increased upset bid <br />amount. <br />7. All subsequent upset bidders shall pay an advertising fee <br />in the amount of $40.00 in addition to a bid deposit equal to five <br />percent (5%) of the increased bid amount required by statute, which <br />amount will not be applied to the purchase price nor will it be <br />refunded. <br />8. This procedure shall be repeated until no further <br />qualifying upset bids are reviewed, at which time the officers of the <br />Board are authorized to execute and deliver a deed for the property <br />to the successful bidder upon payment of the purchase price. <br />oz'- <br />