AUCTION TERMS & CONDITIONS PINE LAKES RANCH PROPERTY, PARCEL 1 BRYCE CANYON, UT AUGUST 14, 2019 THRU AUGUST 21, 2019 5:00 PM MST ANNOUNCEMENTS AND STATEMENTS MADE BY HAYDEN OUTDOORS AT AND/OR DURING THE AUCTION WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR OTHER ORAL STATEMENTS. PROSPECTIVE BUYERS ARE ADVISED TO CONSULT WITH AN ATTORNEY OF THEIR CHOICE, WITH RESPECT TO THE PURCHASE OF ANY REAL PROPERTY INCLUDING, BUT NOT LIMITED TO, SEEKING LEGAL ADVICE FROM THEIR OWN ATTORNEY REGARDING DISCLOSURES AND DISCLAIMERS SET FORTH BELOW. INTERNET-ONLY AUCTION: WWW.HAYDENOUTDOORS.HIBID.COM AUCTION FORMAT: This auction is an Internet-Only Auction and will be offered for sale to the highest bidder(s). It will be sold subject to Seller confirmation. The property will be offered in its entirety. Our goal is to realize the highest return to the seller, and to satisfy all interested parties by allowing bidders, who are interested, to have the same opportunity. This auction features EXTENDED BIDDING! Any lot that gets a bid within 5 minutes of its scheduled closing time will remain open for bids past its normal close; it will go in to extended bidding. It will remain open until there are no bids on that lot for 5 minutes. Upon completion of the auction, a 11% buyer's premium will be added to the final bid price(s) to determine the total contract sale price. All bidding is open to the public and bidders must register before end of auction in order to submit bids . Bidding during the auction will require you place bids on the internet site provided. AUCTION PROCEDURES: Conducting of the auction and increments of bidding are at the direction and discretion of the Hayden Outdoors. Online auction will be managed at the Hayden Outdoors offices in Windsor, CO. Announcements made online by Hayden Outdoors supersede all previously printed material. Auction is open to registered bidders. If any disputes should arise following the auction, the Auctioneer's records shall be conclusive. Property(ies) are sold AS IS, WHERE IS. For internet-only auctions, Hayden Outdoors reserves the right to cancel and/or reopen the auction in the case of system failures. AUCTION REGISTRATION: All parties seeking to bid on the property at auction must register online prior to end of auction. Bidders are encouraged and may register prior to sale. Same day registration will be allowed and bidders should allow enough time to register and receive a bid number prior to auction. All bidders will be required to sign a statement ("Bidders Registration") prior to commencement of bidding that the bidder has inspected the property and sale documents and is financially capable of closing the transaction. Bidder to provide a Letter of Credit Worthiness/Lender Pre-Approval when registering for auction and valid credit card. All bidding is open to the public and the property is offered for sale to qualified purchasers without regard to sex, race, color, religion, natural origin, or handicap. Buyer's Brokers are required to pre-register their clients by completing a Buyer's Broker Registration form. This will include providing client represented and opening bid amount. Additional information for Brokers is available upon request. REQUIREMENTS OF THE HIGH BIDDER(S): Immediately following the conclusion of a successful auction, the highest bidder(s) shall enter into and sign a Colorado Real Estate Buy/Sell Contract for the amount of the bid. Required earnest money deposit to be in the form of a personal, business, or corporate check for minimum of 10% non refundable earnest money (or per contract), which is due upon the signing of the contract and to be deposited with First American Title Company. Purchase contract shall not be contingent upon inspection, appraisal, or financing and shall be a Specific Performance contract. Terms and conditions of the detailed brochure and oral announcements shall be incorporated into and made part of this contract. CLOSING: Purchaser(s) shall pay in cash, electronic transfer funds, or cashier's check (Good Funds), the balance of purchase price (purchase price less earnest money deposit), plus their respective closing costs, and sign and complete all customary or required documents at closing, which is on or before Sept. 21, 2019. Closing to be conducted by Advance Title Company and the closing agent fees to be split equally between Sellers and Purchaser(s). POSSESSION: Ownership possession will be given upon final settlement. PROPERTY CONDITION: The prospective Purchaser(s) should verify all information contained herein. All prospective bidders are urged to fully inspect the property, its condition, and to rely on their own conclusions and the property is being sold AS IS, WHERE IS, without warranty, representation or recourse to Sellers or Sellers Agents. TITLE: Sellers to pass title by General Warranty Deed. The Purchaser(s) to receive a TBD title commitment within the Property Information Packet, updated title commitment with the Purchaser(s) name, lender, purchase price, and all supplements and additions thereto after auction, and an owner's title insurance policy in an amount equal to the Purchase Price after closing. Title Insurance to be used as evidence of marketable title and cost of the premiums to be that of the Sellers. Property to be sold subject to existing roads and highways; established easements and rights-of-ways; other matters affected by title documents shown within the title commitment; and zoning, building, subdivision, and other restrictions and regulations of record. Title commitments are available for review and are incorporated into the Property Information Packet at the auction and will be incorporated and made a part of the Real Estate Purchase Contract. REAL ESTATE TAXES: Taxes shall be prorated to the Day of Closing with Sellers paying all taxes prior to closing. LEGAL DESCRIPTION: Legal Descriptions are subject to existing fence/field boundaries or land- use trades, if any. MINERALS: ANY AND ALL MINERAL RIGHTS TO BE CONVEYED WITH PROPERTY. WATER: ANY AND ALL WATER RIGHTS TO BE CONVEYED WITH PROPERTY. NOXIOUS WEEDS: N/A ACREAGES: All stated acreages are approximate and are obtained from either the county tax records, current legal descriptions, and/or aerial photos, and FSA information. No warranty is expressed or implied as to exact acreages of property. All bids are for the total parcel without regard to exact acreage. There will be no adjustment in the purchase price of the acreage is different than what is stated in this brochure and/or stated at the auction. The detail brochure includes the estimated taxed acres. All price per acre calculations in the initial brochure, detailed brochure, and visual presentation at the auction are based on the Weld County Assessor records. Any crop, base and harvest numbers are from FSA and NRCS dryland measurements. ANNOUNCEMENTS: The information contained herein has either been given to us by the owners of the properties or obtained from sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Hayden Outdoors and the Sellers assume no responsibility for the omissions, corrections or withdrawals. The prospective Purchaser(s) should verify all information contained herein. All prospective bidders are urged to fully inspect the property, its condition and to rely on their own conclusions. All property is to be sold AS IS, WHERE IS, without warranty, representation or recourse to Sellers. Purchase contract shall not be contingent upon inspection, appraisal, or financing and shall be a Specific Performance contract. Hayden Outdoors and all other agents of Broker are or will be acting as a Transaction Broker unless noted otherwise. Announcements made by Hayden Outdoors at the time of sale will take precedence over any previously printed material or other oral statements. Hayden Outdoors reserves the right to require bank references upon request and reserves the right to refuse bids from any bidder. Bidding increments at the discretion of the Broker and/or Auctioneer. BIDDING PROCEDURE As a buyer you have two objectives to accomplish: 1. Purchasing the property. 2. Purchasing the property at a price you can afford. HOW IS THIS ACCOMPLISHED? 1. Estimate comparative value. 2. Experienced buyers always decide what to pay before the bidding begins. 3. Inspect the property carefully. 4. Compare with other properties available in the area. 5. Check the selling price of previously sold properties. 6. Discuss your buying plans with a lender. Have your financing arrangements made in advance. 7. The sale is not contingent upon financing, appraisals, or inspections.

Pine Lake Ranch is 136 acres of pristine property surrounded by National Forest, and has a live stream running through the property. Beautiful Pine Lake Ranch is only three miles on a straight line from Pine Lake Reservoir which is known for its breathtaking scenery and productive fishing! The property is also a short ten miles from Bryce Canyon National Park. Seller owns all mineral rights! Bryce Canyon Airport with a 7395' runway and several charter flights, is located 15 minutes from the property. it is a public airport offering rental car service. Pine Lake Ranch is surrounded by Dixie National Forest where you can hike, mountain bike, ride all-terrain vehicles, go horseback riding or simply relax and take in the beauty and tranquility with a 360 degree view! If you are looking for more adventure, quaint Panguitch, Utah is only a brief half hour away and will show you western character and charm which its residents enjoy! Pine Lake Ranch ranges in elevation from 7900 feet to 8400 feet. You'll have no problem getting to the property as there is a convenient National Forest access road which takes you directly to the property. Spectacular Boulder Mountain can also be accessed from this National Forest access road. If you are still looking for more to do, the Barney Flat Tops and Griffin Mountain represent part of Boulder Mountain with its abundant wildlife, gorgeous scenery and pristine habitat-all in close proximity to the Pine Lake Ranch. To make an appointment to see this outstanding property call Bill Rodgers, listing agent today!