AUCTION TERMS

Minerals: All mineral interests owned by the Sellers, if

any, will be conveyed to the Buyer(s).

Taxes: Real estate taxes will be prorated to closing.

Conditions: This sale is subject to all easements,

covenants, restrictions of record, and leases. Each

Bidder is responsible for conducting, at their own risk,

their own inspections, inquiries, and due diligence

concerning the property. All property is sold and

transferred at closing on an “AS IS-WHERE IS” basis

with no warranties or guarantees, either expressed or

implied, by the Sellers or Auction Company.

Possession: Possession will be granted at closing on

August 18, 2021 or such other date agreed to by the

parties. Subject to Hunting Lease expiring February 1,

2022.

Earnest Payment: A 10% earnest money payment is

required on the day of the auction. The payment may be

in the form of cash, cashier’s check, personal check, or

company check. All funds will be deposited and held by

Farmers National Company in their trust account.

Contract and Title: Immediately upon conclusion of the

auction, the high bidder(s) will enter into a real estate

contract and deposit with Farmers National Company

the required earnest payment. The Sellers will provide a

current abstract of title at their expense. The cost of any

escrow closing services will be paid equally by both. Sale

is not contingent upon Buyer(s) financing.

Closing: The sale closing will be August 18, 2021, or

such other date agreed to by the parties. The balance

of the purchase price will be payable at closing in cash,

guaranteed funds, or by wire transfer at the discretion of

Farmers National Company.

Survey: At the Seller’s option, the Seller shall provide

a property survey sufficient to provide good title where

there is not an existing legal or where new boundaries

are created. The Seller will pay the survey cost. Final

contract prices will not be adjusted to reflect and

difference between the advertised and actual surveyed

acres.

Approval of Bids: Final sale is subject to the seller’s

approval or rejection.

Agency: Farmers National Company and its

representatives are acting as Agents of the Sellers.

Auction Sales: The real estate will be offered as a

total unit. All bids are open for advancement until the

Auctioneer announces that the real estate is sold or

that the bidding is closed. The real estate will sell in

the manner resulting in the highest total price. Bidding

increments are solely at the discretion of the Auctioneer.

No absentee or telephone bids will be accepted without

prior approval of Farmers National Company and Sellers.

All decisions of the Auctioneer are final.

Announcements: Information provided herein was

obtained from sources deemed reliable, but neither the

Auction Company nor the Sellers makes any guarantees

or warranties as to its accuracy. All potential bidders

are urged to inspect the property, its condition, and to

rely on their own conclusions. All sketches, dimensions,

and acreage figures are approximate or “more or less”.

Any announcements made auction day by the Auction

Company will take precedence over any previous printed

materials or oral statements. The Auction Company

and Sellers reserve the right to preclude any person

from bidding if there is any question as to the person’s

credentials or fitness to bid.

Sellers: Jane C. Jones Trust & Julie Ann Adams Trust

Auctioneer: Kam Hartstack