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 Farmers National Company.

Possession: Possession will be granted at closing May 15,
2022, or such other date agreed to by the parties. Subject
tentative survey work.

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 Brookings County Title Company the closing agent.

Contract and Title: Immediately upon conclusion of the
bidding, the high bidder(s) will enter into a real estate contract
and deposit with the Brookings County Title Company
the required earnest payment. The cost of title insurance
will be paid equally by both. The cost of any escrow closing
services will be equally paid by both the Seller and
Buyer(s). Sale is not contingent upon Buyer(s) financing.

Closing: The sale closing is May 15, 2022, or such other date
agreed to by the parties. Subject to tentative survey work. The
balance of the purchase price will be payable at closing in guaranteed
funds or by wire transfer at the discretion of the closing
agent.

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 in four individual
tracts. All bids are open for advancement starting
Thursday, March 17, 2022, at 9:00 AM until Friday, March
18, 2022, at 10:00 AM, 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. All decisions of Farmers National Company 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 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.

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.