AUCTION DETAILS Auction Method: To be conducted as a Virtual Online Auction. Tract 1 will sell first for a lump sum total dollar amount. Tracts 2-4 will be sold next on a price per acre basis through the marketing method of "Buyer's Choice", whereas the high bidder has the privilege to take any or all of the Tracts for their high bid. Buyer's Choice auctioning will continue to all 3 of the Tracts have been sold. The Tracts will NOT be offered in their entirety or in any combinations. Bidding is NOT contingent upon financing, an appraisal, inspection, or any other contingencies. Contract & Title: Immediately upon the conclusion of the auction, the successful bidder(s) shall enter into a written agreement with the Seller. Signing of said agreement will be executed via email or DocuSign. The Seller will provide a current abstract their expense. Should a Buyer purchase one or more adjoining Tract, then Seller shall be obligated to furnish only one abstract and deed (husband and wife constitute as on Buyer). Survey: Land is in the process of being surveyed. Acres for Tracts 2-4 will be adjusted subject to survey and will constitute the final price. Earnest Money: Ten (10%) percent of the bid price will be required within 24 hours of the auction ending. All funds will be held in Fraise Auction Real Estate Trust Account. Closing & Possession: Closing will occur on or about October 11, 2023. Possession will be given at the time of closing. Pasture acres sell with full rights at the time of closing. Septic Systems: Tract 1 has a septic system. Tract 2 has a holding tank. It will be the expense of the Buyer(s) for either Tract to inspect and or update the septic systems as required by Iowa DNR Time of Transfer law. Reservations: Sellers reserves the following items from any of the Tracts: Windmill, 1,000-gallon propane tank, fuel tanks, stairlift, stainless steel 2-hole sink, appliances (except dishwasher & countertop stove), landscaping decorations (except large rocks), livestock & acreage equipment and all other personal property. Other: The Tracts are selling subject to all easements, covenants, leases and restrictions of record. Buyer(s) will be responsible of installing any driveways for ingress/egress. The State of Iowa fence line laws will govern Tracts where applicable. Should the Buyer of Tract 2 be different than the Buyer of Tract 1, then he/she will install their own electric meter and provide their own source of water. The Buyer(s) are buying this real estate in its "As Is, Where Is" condition and there are no expressed or implied warranties pertaining t the real estate. Fraise Auction & Real Estate and its representatives are agents of the Seller. The winning bidder(s) acknowledge that they are representing themselves in completing this transaction. Any announcements made on auction day by Auctioneer will take precedence over all marketing material or oral statements. Bidding increments are at the sole discretion of the auctioneer. Disclaimer: Each potential bidder is responsible for conducting her or her own independent inspections, investigations, inquiries, and due diligence concerning the property. All boundary stakes, lines drawn on maps and photos are approximate. Overall tract acres, etc. may vary from figures stated within the marketing material. No liability for its accuracy, errors or omissions is assumed by the Seller or Auction Company. IOLA M. BATEY - SELLER Tim R. Batey - Power of Attorney R. L. Fehske of Fehseke and Gray Law Offices 1023 Avenue G, Fort Madison, Iowa 52627 - Attorney for Seller Disclaimer and Absence of Warranties: All information contained in this and all related materials are subject to the terms and conditions outlined in the agreement to purchase. Announcements made by the auctioneer during the time of the sale will take precedence over any previously printed material or any other oral statements made, except the purchase agreement. The property is being sold on an 'As Is, Where Is' basis, and no warranty or representation, either express or implied, concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained is believed to be accurate but is subject to verification by all parties relying on it. All lines drawn on maps and photos are approximate. No liability for its accuracy, errors or omissions is assumed by the seller or the auction company. Conduct at the auction and increments of bidding are at the direction and discretion of the auctioneer. The auctioneer reserves the right to change the bidding increments at any time during the auction. The seller and auction company reserve the right to preclude any person from bidding if there is any question as to the person's credentials, legal competence, etc. All decisions of the auctioneer are final. Agency: Fraise Auction & Real Estate and their representatives are exclusive agents of the seller. Currency Type: USD Special Terms Fraise Auction & Real Estate is providing Internet bidding as a service to the Bidder. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall Bidder have any kind of claim against Fraise Auction & Real Estate or anyone else if the Internet service fails to work correctly before or during the auction. Fraise Auction & Real Estate will not be responsible for any missed bids from any source. Internet bidders who desire to make certain their bid is acknowledged should use the proxy-bidding feature and leave their maximum bid 24 hours before the auction concludes. Fraise Auction & Real Estate reserves the right to withdraw or re-catalog items in this auction. The property is selling subject to public road easements, utility easements and all other easements of record. Seller shall not be obligated to furnish a survey. If, in the future, a site cleanup is required, it shall be the expense of the buyer. Buyers are not bidding contingent on financing or any other contingencies. All sales are final. The Property is being sold �As Is, Where Is�. This is a soft close auction. Any bid placed in the final 3 minutes of an auction results in the auction automatically extending an additional 3 minutes. The bidding will extend in 3 minute increments from the time the last bid is placed until there are no more bids and the lot sits idle for 3 minutes. Therefore, the auction will not close until all biding parties are satisfied and no one can be outbid in the last seconds without having another opportunity to bid again.

Open House/Inspection: Sunday, July 30th from 11AM - 1PM LOCATION The Batey land is located in Sections 3 and 10, Jackson Township, Henry County, Iowa or 5.5 miles southeast of Mount Pleasant, IA. From Mount Pleasant go south 3 miles on U.S. Hwy. 218 to Kentucky Avenue, then proceed southeast 2.5 miles to the property. Physical Address: 2841 Kentucky Avenue, Mount Pleasant, Iowa