AUCTION TERMS 17354 Fairfield Rd., Mt. Vernon Sale Method: Property to be offered at a reserve, multi-parcel auction. This will be a multi-parcel auction....we will offer each tract, then as a whole. After bidding is complete on all, the high bidders ONLY on each tract and combination of tracts will be allowed to increase their bid until highest bid is reached. ONLY THE 3 HIGH BIDDERS WILL BE ALLOWED TO INCREASE THEIR BID. Property will sell at or over a $75,000 bid for combination of tracts. Survey: No survey is provided Possession: At closing Taxes: Prorated to date of closing Financing: Sale is NOT contingent on financing Make arrangements prior to bidding. THIS MEANS ALL INSPECTIONS, APPRAISALS OR ANYTHING ELSE LENDER REQUIRES MUST BE DONE PRIOR TO BIDDING. ONCE PROPERTY IS SOLD, WINNING BIDDER IS EXPECTED TO FOLLOW THROUGH OR LOSE EARNEST MONEY. PLEASE BID ACCORDINGLY. Registration: In order to bid, potential bidders must provide bank letter of guarantee or verification of funds via email to Kdauctionservice@hotmail.com. VERIFICATION OF FUNDS MUST BE RECEIVED NO LATER THAN 12:00PM FRIDAY, MAY 10. IF THIS IS NOT RECEIVED, BIDDING WILL NOT BE ALLOWED. Contact auction company with any questions. Buyer's premium: An 8% buyer's premium for online winning bid, 7% for live winning bid will be added to high bid to become total contract price. Earnest Money and Purchase agreement: Immediately following the close of bidding, the approved high bidder will deposit with Kim Duncan auction & Realty, $5,000 earnest money per tract and sign a purchase agreement with the seller. Balance due at closing no later than 45 days after signing of contract. In the event of default by the buyer, earnest money will NOT be refunded. Conditions and Easements: Sale is subject to all easements, covenants and restrictions on record. Individual tracts will be offered first. Whole buyer willk have to outbid by a minimum of $500. Once its opened back up for tract buyers to outbid whole buyer, increments will be no less than $500. This is a simulcasat auction, offering both live and online bidding. In the event of a tie bid, PRECEDENCE IS GIVEN TO THE LIVE BIDDER. Online bidder will be given opportunity to increase by $500. In the event a tie bid is somehow acheived, names will be drawn to determine who may keep the current bid. Kim Duncan Auction & Realty and Kim Duncan Auctioneer are agents for the Seller only. Disclaimer and Absence of Warranties All information contained herein and all related materials are subject to the terms and conditions outined in the agreement to purchase. Announcements made by the auctioneer at the time of the sale will take precedence over any previously printed material or any other oral statement made. The property is being sold As-Is Where-Is and no warranty or representation, either expressed 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 provided is believed to be accurate and true, but is subject to verification by all partied relying on it. No liablilty for its accuracy, errors or omissions is assumed by the auction company or its agents. Conduct at the auction and increments of bidding are at the direction and discretion of the auctioneer. 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, etc. All decisions of the auctioneer are final and all announcements made day of sale by the auctioneer take precedence over printed material or spoken information made prior to sale. ALL LIVE REAL ESTATE AUCITONS CONDUCTED BY KIM DUNCAN AUCTION & REALTY ARE VIDEO RECORDED BEFORE, DURING AND AFTER AUCTION. BY ATTENDING, YOU AGREE TO THESE TERMS.

17 acres to be offered in 2 tracts and as a whole. Tract 1 consists of 4 acres with outbuildings and a house for tear down. Tract 2 consists of 13.5 ac. (+/-) of gently rolling land with plenty of road frontage. This will be a multi-parcel auction....we will offer each tract, then as a whole. After bidding is complete on all, the high bidders on each tract and combination of tracts will be allowed to increase their bid until highest bid is reached. Property will sell at over a $75,000 bid for combination of tracts.