This Auction is being conducted subject to the Terms and Conditions of Sale and the Sealed Bid Auction Real Estate Purchase Agreement. BIDDER’S INFORMATION PACKET: Detailed Bidder’s Information Packets containing the Sealed Bid Auction Real Estate Purchase Agreement, title report, survey, tax card, and bidding instructions are available from our office via email, fax or mail order. A Bid Packet MUST be obtained and documents filled out with a deposit to submit a bid. BIDDING: The property is hereby offered by sealed bid auction subject to Seller confirmation. To participate and bid in the auction, your fully executed Sealed Bid Auction Real Estate Purchase Agreement (contained in the Bidder’s Information Packet) must be received by the Auction Company on or before 11:00 AM EDT, Thursday, June 25, 2020. BID BASIS: Bidding is by lump sum bid, not per acre. Your bid will be for the entire property containing 162.73 acres, as shown on the “Survey” Exhibit A in the Sealed Bid Auction Real Estate Purchase Agreement. BUYER’S PREMIUM: A five percent (5%) buyer’s premium must be added to the high bid to determine the total Purchase Price. EARNEST MONEY DEPOSIT: A Deposit of ten percent (10%) of the total Purchase Price must accompany the bid either by cashier’s check or wire transfer. Deposit checks must be made payable to “Woltz & Associates, Inc. Escrow Account.” Cashier’s checks will be held uncashed during the bid consideration period. All Deposits on offers not accepted will be returned by mail on or before Friday, June 26. The Deposit for the accepted winning bid will be deposited into the Woltz & Associates, Inc. Escrow Account and held per the terms of the Sealed Bid Auction Real Estate Purchase Agreement. BID OPENING: Bids will be opened at the offices of Woltz & Associates, Inc., 23 Franklin Road, SW, Roanoke, Virginia, at 11:00 AM EDT on Thursday, June 25, 2020. Only the high bid will be announced. NOTIFICATION OF ACCEPTED BIDS: The successful Bidder will be notified on or before 5:00 PM EDT on Thursday, June 25, 2020. TIE BIDS: In the event of any tie bids, Seller may accept the bid of Seller’s choice, or Seller may elect to allow the tie bidders to make their best and final offer with five (5) business days’ notice. SETTLEMENT: The balance of the purchase price is due at settlement on or before Thursday, August 6, 2020. ALL SALES ARE FINAL: The property is auctioned “AS IS, WHERE IS” with all faults in its condition at the time of sale without recourse by way of refund, reduction of the purchase price, or otherwise. Bidders should perform such independent investigation with respect to the property as they deem necessary or appropriate. FINANCING: Your bidding and purchase of the property are not conditional upon financing. Be sure you have arranged financing, if needed, and are capable of paying cash at closing. BROKER PARTICIPATION: Any appropriately licensed Virginia broker whose agent properly registers the successful high bidder will be paid a two percent (2%) commission based upon the contract sales price at settlement by the Seller. Applications must be on a Woltz & Associates, Inc. Broker Participation Application form and contain the name, address, and signature of agent and prospect as well as the Broker’s license number and Federal Tax ID number. The form must be received in the office of Woltz & Associates, Inc. accompanying the Sealed Bid Auction Real Estate Purchase Agreement and Deposit. Agents acting as principals buying on their own behalf, on behalf of family members, other licensed real estate agents, or who represent prospects that have had prior contact with the Seller or Auction Company are not eligible. An agent may register only one bidder for the Auction. BOUNDARY LINES: Boundaries on aerial photos and topo maps are approximate. DISCLOSURES: Any disclosures known by the Auction Company can be found in the Bidder’s Information Packet. Bidders are encouraged to perform their own due diligence before submitting a bid for the property. GENERAL: The information contained in this brochure and otherwise provided by Seller and Auction Company is subject to verification by all parties relying on it. No liability for its accuracy, error, or omissions is assumed by the Seller or the Auction Company.