Online Auction Terms

Minerals: All mineral interests owned by the Seller, if any,
will be conveyed to the Buyer(s).

Taxes: Real estate taxes will be prorated to closing.

Conditions: This sale is subject to all easements, covenants,
restrictions of record, and leases. Each Bidder
is responsible for conducting, at their own risk, their own
inspections, inquiries, and due diligence concerning the
property. All property is sold on an “AS IS-WHERE IS”
basis with no warranties or guarantees, either expressed or
implied, by the Seller or Farmers National Company.

Possession: Possession will be granted at closing on
March 30, 2021, or such other date agreed to by the parties.

Earnest Payment: A 10% earnest money payment is required
with the signed purchase agreement. The payment
may be in the form of cashier’s check, personal check,
company check, or wired funds. All funds will be deposited
and held by Dickey and LaMoure County Abstract and Title,
the closing agent.

Contract and Title: Immediately upon conclusion of the
bidding, the high bidder(s) will enter into a real estate contract
and deposit with Dickey and LaMoure County Abstract
and Title the closing agent the required earnest payment.
The Seller will provide an owner’s policy of title insurance
in the amount of the contract price. The cost of title insurance
will be equally paid by the Seller and Buyer(s). The
cost of any escrow closing services will be equally paid
by the Seller and Buyer(s). Sale is not contingent upon
Buyer(s) financing.

Closing: The sale closing is on March 30, 2021, or such
other date agreed to by the parties. The balance of the purchase
price will be payable at closing in guaranteed funds
or by wire transfer at the discretion of Dickey and LaMoure
County Abstract and Title.

Sale Method: The real estate will be offered as an individual
tract. All bids are open for advancement starting
Wednesday, March 3, 2021 at 9:00 AM until Friday,
March 5, 2021 at 1:00 PM, subject to the automatic bid
extend feature outlined in these terms and conditions. Auctions
are timed events and subject to extended bidding due
to bidding activity. Any bid placed within five minutes of the
auction ending will automatically extend the auction for five
minutes from the time the bid is placed. The auto-extend
feature remains active until no further bids are placed
within the five minutes time frame. All decisions of Farmers
National Company are final.

Approval of Bids: Final sale is subject to the Seller’s approval
or rejection.

Agency: Farmers National Company and its representatives
are acting as Agents of the Seller.

Announcements: Information provided herein was obtained
from sources deemed reliable, but neither Farmers
National Company nor the Seller makes any guarantees
or warranties as to its accuracy. All potential bidders are
urged to inspect the property, its condition, and to rely on
their own conclusions. All sketches, dimensions, and acreage
figures are approximate or “more or less”. Farmers
National Company and Seller reserve the right to preclude
any person from bidding if there is any question as to the
person’s credentials or fitness to bid. The Seller reserves
the right to end listing early.

Online Bidding Procedure:
This online auction begins on Wednesday, March 3,
2021 at 9:00 AM. Bidding closes Friday, March 5, 2021
at 1:00 PM.

To register and bid on this auction go to:
https://farmersnational.nextlot.com/public

All bids on the tracts will be visible on-line, but the identity
of bidders is confidential. See auction terms and conditions
for minimum bid requirements and details.

Server and Software Technical Issues: In the event
there are technical difficulties related to the server, software,
or any other online auction-related technologies,
Farmers National Company reserves the right to extend
bidding, continue the bidding, or close the bidding. Neither
the company providing the software nor Farmers National
Company shall be held responsible for a missed bid or the
failure of the software to function properly for any reason.
E-mail notification will be sent to registered bidders with
updated information as deemed necessary by Farmers
National Company.