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

Taxes: Real estate taxes will be prorated at closing.

Conditions: This sale is subject to all easements, covenants,
and restrictions of record. 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 the at closing on
May 3, 2021 or such other date agreed to by the parties.
Subject to Tract 1 leased through 2021.

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 North Dakota Guaranty and Title Company.

Contract and Title: Upon ending of auction, the high
bidder(s) will enter into a real estate contract and deposit
with North Dakota Guaranty and Title Company the required
earnest payment. The Seller will provide a current
abstract of title at their expense. The cost of any escrow
closing services will be or equally paid by both. Sale is not
contingent upon Buyer(s) financing.

Closing: The sale closing is on May 3, 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 North Dakota Guaranty
and Title Company.

Sale Method: Offered as two individual tract. All bids are
open for advancement starting Wednesday, March 24,
2021, at 9:00 AM until Thursday, March 25, 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.

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 to 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 the 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.

Bidders can also bid in person at the Farmers National
Company office located at 2301 272nd Street, Hallock,
Minnesota. Farmers National Company personnel will walk
through the on-line bidding process through the main office
computer.

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.