Auction Terms

Minerals: All mineral interests owned by the Seller, 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 on an “AS

IS-WHERE IS” basis with no warranties or guarantees,

either expressed or implied, by the Seller or Auction

Company.

Possession: Possession will be granted at closing on

September 20, 2021, or such other date agreed to by the

parties. Subject to current lease.

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 Seller will provide a current

abstract of title at theirexpense. The cost of any escrow closing

serviceswill be paid equally by both. Sale is not contingent upon

Buyer(s) financing.

Closing: The sale will close on September 20, 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.

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 Seller.

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 seller. All decisions of the

Auctioneer are final.

Announcements: Information provided herein was

obtained from sources deemed reliable, but neither the

Auction Company nor the Seller 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 Seller reserve the right to preclude any

person from bidding if there is any question as to the

person’s credentials or fitness to bid.

Seller: Vermeer Farms Incorporated

Auctioneer: David Whitaker