ONLINE AUCTION TERMS
Minerals: All mineral interests owned by Seller, if any,
will be conveyed to the Buyer.
Taxes: Real estate taxes for 2022 will be paid by
Seller. All future taxes 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
November 16, 2022 or such other date agreed to by the
parties. Subject to expiring farm lease.
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, 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 Title Company,
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 paid equally by the
Seller(s) and Buyer(s). Sale is not contingent upon
Buyer(s) financing.
Closing: The sale closing is on November 16, 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.
Sale Method: The real estate will be offered in one
individual tract. All bids are open for advancement
starting Tuesday, October 11, 2022, at 9:00 AM until
Wednesday, October 12, 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. 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 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 Tuesday, October 11,
2022 at 9:00 AM and closes Wednesday, October 12,
2022, at 1:00 PM.
To register and bid on this auction go to:
www.FNCBid.com
All bids on the tract 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 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.