AUCTION TERMS

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

Taxes: A credit for 2022 taxes, payable
in 2023, will be given to the buyer at
closing, based on the last known amount.

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 October 15, 2022, or such other date agreed to by
the parties. Subject to tenant removal of current crop.

Earnest Payment: A 10% earnest money payment
is required with the signed purchase agreement. 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 The Title Company.

Contract and Title: Upon acceptance of bid, the high
bidder(s) will enter into a real estate contract and deposit
with The Title Company the required earnest payment.
The Seller will provide a current abstract of title at their
expense. The cost of title insurance will be equally paid
by the Seller and the Buyer(s). The cost of any escrow
closing services will be equally paid by the Buyer(s) and
Seller. Sale is not contingent upon Buyer(s) financing.

Closing: The sale closing is on October 15,
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 The Title Company.

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 and Buyer(s)will
each pay one-half of 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 one
individual tract. All bids are open for advancement
starting Wednesday, September 14, 2022, at 9:00
AM until Friday, September 16, 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 six minutes of the auction ending will automatically extend the auction for six minutes from the time the bid is placed. The auto-extend feature remains active until no further bids are placed within the six minutes time frame. All decisions of Farmers National Company are final.

Approval of Bids: Final sale is subject
to the Seller’s approval or rejection.

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”. 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. The Seller reserves the right to end listing early.

All bids on the tracts will be visible online, 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 auctionrelated
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.