Auction Terms

Minerals: All mineral interests owned by the Seller, if any,

will be conveyed to the Buyer.

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 Farmers National Company.

Possession: Possession will be granted at closing on

March 1, 2022 or such other date agreed to by the parties.

Subject to current least.

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 Buchanan

Law Firm 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 Buchanan Law Firm the required

earnest payment. The Seller will provide a current abstract

of title at their expense. The cost of any escrow closing

services will be equally paid by both. Sale is not contingent

upon Buyer financing.

Closing: The sale closing is on November 1, 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 Buchanan Law

Firm- Mike Gabor Attorney.

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 any difference between the advertised

and actual surveyed acres.

Sale Method: The real estate will be offered as two individual

tracts. All bids are open for advancement until the

Auctioneer announces that the real estate is sold or that

the bidding is closed. 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.

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.

Announcements: Information provided herein was obtained

from sources deemed reliable, but neither Farmers

National 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 Farmers National Company will

take precedence over any previous printed materials or oral

statements. Farmers National 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.

Sellers: Vitzthum Farm Trust Judy M. Reding and Wayne

Vitzthum Trustee’s

Auctioneer: David Whitaker