Minerals: All mineral interests owned by the Seller, if any,
will be conveyed to the Buyer(s).

Taxes: Real estate taxes for 2021 payable in 2022 will be
paid by the Seller. All future taxes and specials will be the
responsibility of the Buyer(s).

Conditions: This sale is subject to all easements, covenants,
and restrictions of record. 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
April 14, 2022 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 bidding. The payment may be
in the form of cashier’s check, personal check, company
check, or wired funds. All funds will be deposited and held
by Grand Forks Guaranty & Title.

Contract and Title: Upon ending of auction, the high
bidder(s) will enter into a real estate contract and deposit
with Grand Forks Guaranty & Title 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 parties. Sale is not contingent upon
Buyer(s) financing.

Closing: The sale closing is on April 14, 2022, or such
other date agreed to by the parties. The balance of the
purchase price will be payable at closing in guaranteed
funds or by wire transfer at the discretion of Grand Forks
Guaranty & Title.

Sale Method: Offered in two tracts. All bids are open
for advancement starting Monday, March 14, 2022, at
9:00 AM. Bidding closes on Tuesday, March 15, 2022,
at 1:00 PM, subject to the automatic bid extend feature
outlined in these terms and conditions. Auctions are timed
events and subject to extended bidding due to bidding
activity. Any bid placed within five minutes of the auction
ending will automatically extend the auction for five minutes
from the time the bid is placed. The auto-extend feature
remains active until no further bids are placed within the
five minute time frame.

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 make 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”. Farmers National
Company and the 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.

Online Bidding Procedure:
This online auction begins on Monday, March 14, 2022, at 9:00 AM. Bidding closes Tuesday, March 15, 2022, at 1:00 PM.
To register and bid on this auction go to:
https://farmersnational.nextlot.com/public

All bids on the tracts will be visible on-line, but the identity
of bidders is confidential. See auction terms and conditions
for minimum bid requirements and details.

Server and Software Technical Issues: In the event
there are technical difficulties related to the server, software,
or any other online auction-related technologies,
Farmers National Company reserves the right to extend
bidding, continue the bidding, or close the bidding. Neither
the company providing the software nor Farmers National
Company shall be held responsible for a missed bid or the
failure of the software to function properly for any reason.
E-mail notification will be sent to registered bidders with
updated information as deemed necessary by Farmers
National Company.