AUCTION TERMS & CONDITIONS Procedure: The property will sell in 1 individual tract. Method of Payment: A non-refundable earnest money deposit of 10% of the purchase price will be required the day of sale with the balance due the day of final closing. Closing to be within 30 days of the auction. This real estate is being sold for cash and your bidding is not contingent upon financing. Have your financing prearranged prior to auction day. Acceptance of Bid: Successful bidder will be required to enter into a purchase agreement immediately following the auction at the site. The seller reserves the right to accept or reject any bids. Title: Seller will provide the buyer with a commitment of title insurance in the amount of the purchase price insuring the transfer and marketability of the title. Seller will provide buyer with a fully executed personal representatives deed conveying title to the buyer. Possession: Possession will be given to the Buyer after the harvest of the 2024 crops. The Seller shall retain 100% of the cash rent for the 2024 growing season. Taxes: The Seller will pay all of the 2024 due and payable 2025 installment of Real Estate Taxes. The Buyers tax obligations shall start with the 2025 due and payable 2026 real estate taxes and all subsequent taxes and assessments thereafter. Survey: A staked out survey of the property has been prepared by McKINNEY Land Surveying. The cost of the survey split 50:50 between the Buyer and the Seller. The type of survey prepared shall be determined by the Seller and Auctioneer as long as it is sufficient for issuance of a title insurance policy. Only the boundary corners of the respective tract sold shall be marked. Acceptance of Bid: This real estate is being sold subject to confirmation of the seller. Property Disclosure: This property is being sold "As-Is" and "Where-Is" with no warranty being expressed or implied. Disclaimer and Absence of Warranties: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the purchase agreements. Conduct of the auction and the increments of bidding are at the direction and discretion of the auctioneer. All decisions of the auctioneer are final. Announcements made day of the sale take precedence over any and all printed material.