Terms and Conditions Auction Terms & Conditions Vander Werff & Associates and its Employees act merely as agents for sellers. All final bids are subject to the seller's approval. While the information we offer on item(s) is deemed accurate, no warranties are expressed or implied. Information on items is attained by us from the sellers and you agree to hold Vander Werff & Associates and their Employees harmless for any errors or oversights regarding the item(s) being sold. This information comprises but is not limited to year, model, hours, condition, options, structures, unintentional errors in cataloging, authenticity or imperfections not precisely noted and other data pertinent to the value of the item. Buyers are responsible for conducting their own examination or by a third party, during Open Houses/Inspection periods. The winning bidder will be notified via email from the Auction Company. Printed or verbal statements made by the auction company are matters of belief and are made in good faith. ALL ITEMS ARE SOLD AS-IS WHERE-IS. Online auctions have a scheduled open and close date and time. Lots will remain open until no bids have been placed within the last three minutes. Upon your accepted bid of an article, that article shall instantly become your responsibility and be at your risk (whether you have paid for that item or not). You agree that Vander Werff & Associates, its employees, and their sellers are not responsible for lost, stolen or damaged items and will not reimburse or discount items for any theft or damages. Buyers are accountable for any costs incurred to prepare their item(s) for transport. This includes but is not necessarily limited to the cost of any load out, disassembly, or transport and any/all other costs related to physical transfer of their item(s). Buyers are required to pick up sold items on scheduled pickup dates selected by the Auction Company. If payment is not made by scheduled pickup day, all purchases due will be charged to your credit card and subject up to a 3.25% fee. You further understand and agree that failure to remove items in the stated time could result in storage, removal fees and/or forfeited to the Auction Company. By using our online auction service you are entering into a legally binding contract to purchase said item(s). Bids may not be cancelled or withdrawn for any reason. You acknowledge that the internet may be an undependable and an error prone network. Vander Werff & Associates will not guarantee that bids placed online will be conveyed to or received by the auctioneer in an appropriate time frame. You agree to hold Vander Werff & Associates and their employees harmless for any disruptions in bidding and/or auction software. The auction company shall not be held responsible for any missed bids. Further, the auctioneer has the right to accept or refuse any bid(s) at their discretion. Vander Werff & Associates retains the right to add, delete or change some or all of our online services as well as the terms and conditions without notice. Please check back and review auction terms frequently. Bidder responsibilities are but not limited to the following: All bidders must provide their name, email address, phone number, address at which they can be contacted for communication between Vander Werff & Associates throughout any transaction or auction. Bidders will be accountable and must obey any and all local, state and federal laws any/all violations will result in conclusion of bidding and website use privileges with this auction company. All bidders must be liable to provide appropriate forms of payment for items bought. Bidders recognize that this auction has a soft close feature. If any bids are place within the last 3 minutes the bid on that lot or lots will extend an additional 3 minutes until there are no more bids and bidding is idle for 3 minutes. Then final bidding will close and remain closed. A bidder can place a maximum bid on one or more lots. The current bid price does not automatically go to the max bid. When another bidder increases the current bid then the computer will automatically increase the bid in the increment specified until reaching your max bid. When paying within the stated time our acceptable payment methods are cash, check, bank wire or credit card. If a credit card is used, your account will be charged up to a 3.25% convenience fee. If paying by bank wire there will be a $10 incoming wire fee. If check is returned with nonsuffiecent funds there will be a $25 service fee. No items will be released until paid in full. All sales are final.

Tract 1 General Description: Selling will be a very unique property with so much potential! This property was converted to a home from the original Cornell School. It was built in 1914 and has 7156 total sq ft. Part of the building still remains as classrooms. The home has an attached single garage with overhead door, entry way with sliding patio door, kitchen with wooden cabinets and linoleum flooring, utility room, 2 bedrooms, full bath with tub and separate shower, office area, work shop room with wooden work bench, many other large storage rooms that could be converted, and a storm cellar. Included appliances are a stove, refrigerator, dishwasher, and stacked washer and dryer. The West part of the building has many larger rooms that could be used for additional bedrooms, offices, storage, etc. The exterior of the building is brick and has a metal roof approx. 7 years old. The home has a furnace with gas and electric heat, there is central air through a portion of the home, a marathon electric water heater, and many new windows. The property is very picturesque with nice trees, garden area, landscaping and many flowers. It is a very peaceful location! The property also has several open front storage buildings and propane tank is included. Buyers will be responsible for all costs associated with bringing the septic system up to Iowa Code. Tract 1 Brief Legal Description: 1.20 acre tract in the SW 1/4 of NE 1/4 in Section 19-94-36, Clay County, Iowa. Property contains 1.20 acres. Tract 1 Real Estate Taxes: The estimated net real estate taxes are $510 per year. The taxes will be pro-rated to the buyer as of the date of possession based on the current taxes. The abstract will be continued to date. Seller guarantees a clear and marketable title on the property. Tract 1 Real Estate Terms: 25% down payment upon close of auction and notification of successful bidder on August 10, 2017. Balance will be due at closing, on or before September 13, 2017. Tract 1 Real Estate Possession: September 13, 2017. Tract 2 General Description: Selling will be a 3.70 acre tract located near many acres of plush Iowa hunting ground. These 3.70 acres have a nice tree line and lots of potential! The property also has the original gymnasium that was converted to a Quonset type storage building, and a 26' x 60' machine shed with sliding doors and an overhead door. Tract 2 Brief Legal Description: 3.70 acre tract in the SW 1/4 of NE 1/4 in Section 19-94-36, Clay County, Iowa. Property contains 3.70 acres. Tract 2 Real Estate Taxes: The estimated net real estate taxes are $470 per year. The taxes will be pro-rated to the buyer as of the date of possession based on the current taxes. The abstract will be continued to date. Seller guarantees a clear and marketable title on the property. Tract 2 Real Estate Terms: 25% down payment upon close of auction and notification of successful bidder on August 10, 2017. Balance will be due at closing, on or before October 31, 2017. Tract 2 Real Estate Possession: October 31, 2017. Items NOT included with sale: scoreboard, Coco-cola sign, outside dog kennel fencing, small portable storage shed. Tract 2 will close at 7PM. One hour after the soft close of tract 1. Please note the closing date is different than tract 1. Open House: An open house will be held on Tuesday, August 8 from 5:00-7:00. If this is not convenient please contact Todd at 712-348-0111 or call the auction company at the phone numbers listed below for an appointment. Auctioneer's Note: Here is a great opportunity to purchase a picturesque acreage with lots of potential and adjoining land. This will be an 'ONLINE ONLY AUCTION'! This method offers you the opportunity to bid at your convenience any time of the day or night. Go to our website: www.vw72.com for instructions on how to register and bid. If you have any questions regarding the online bidding, please give us a call at 712-729-3264 or email us as at auctions@tcaexpress.net. Thanks for your interest, have fun bidding and please call if we can assist you in any way! Terms: These properties are being sold "as-is" "where-is". Information contained within this advertising was received from sources deemed to be reliable, however no warranties are provided by the auction company regarding these. All prospective bidders are encouraged to take whatever steps necessary to satisfy themselves regarding the sizes, condition, real estate taxes and all other information provided in this advertisement. There are no warranties expressed or implied by the Auction Company or auctioneers. The auction company represents the SELLERS in this transaction. Additional terms and conditions are posted online. Potential bidders must agree to these terms and conditions prior to registering and bidding. Online announcements will supersede any written advertising information. Buyers will be responsible for all costs associated with bringing the septic system up to Iowa Code.