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

September 17, 2021 or such other date agreed to by the

parties. Subject to current lease that is in place. Owners will

formally terminate the lease. The Seller will retain the 2021

cash rent payment.

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

Reimer, Lohman, Reitz, Sailer & Ullrich 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 Reimer, Lohman, Reitz, Sailer & Ullrich

Law Firm (Adam Ullrich, attorney) 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 September 17, 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 Reimer,

Lohman, Reitz, Sailer & Ullrich Law Firm (Adam Ullrich,

attorney) .

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

tract. 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: Sherry Park and Jayna Becker

Auctioneer: Kam Harstack