TERMS:

1. Procedure: Bidding is on the entire farm, not per acre. Bidding ends Thursday, September 30, 2016 at 11:00 a.m. with a "soft close", meaning that a last minute bid will extend bidding by 5 minutes.

2. BUYER'S PREMIUM: 5% Buyer's Premium will be added to the final bid to arrive at the contract sale price. Seller will pay 3% of total sales price plus the $600.00 auction fee. All print advertising is to be paid by Seller other than what monthly publications UCLHA normally advertises in.

3. ACCEPTANCE OF BID PRICES: Winning bidder(s) will enter into a Contract to Purchase immediately upon being declared the Successful Bidder by the Auctioneer. Upon the close of the auction the winning bidder will be forwarded via email a Contract to Purchase. A signed copy of the contract must be received by United Country Land Home and Auction, 322 S. Delaware St, Ste. 200 Osceola, Ia. 50213 on or before 12:00 (noon) October 1, 2016 (hand delivered, faxed or scanned and emailed). All final bid prices are subject to approval or rejection by Seller.

4. DOWN PAYMENT: 10% of the contract purchase price will be due upon acceptance of the Sales Contract. Bidding is not contingent upon financing. The balance of the purchase price will be due at closing.

5. CLOSING: Closing shall be on or before 3:00 p.m., Monday, October 3, 2016.

6. POSSESSION: Possession will be given at closing, subject to the remaining rights of the current tenant, if any.

7. TITLE: Seller shall furnish the buyer(s) at Seller’s expense a Owner’s Policy of Title Insurance in the amount of the purchase price, and agrees to provide and execute a proper deed conveying merchantable title to the real estate to the buyer(s).

8. SURVEY: AT SELLERS OPTION, the Seller shall provide a new survey where there is no existing legal description sufficient to convey title.

9. REAL ESTATE TAXES: Seller shall pay 2015 and all prior year real estate taxes. 2016 real estate taxes will be pro rated to the day of closing.

10. Under no circumstances shall Bidder have any kind of claim against United Country Land Home and Auction, or anyone else if the Internet service fails to work correctly before or during the auction.

The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property. Real estate is being sold As Is, Where Is with NO warranties expressed or implied. Please make all inspections and have financing arranged prior to the end of bidding.