TERMS:

Online Auction Bidders Agreement

THIS IS A LEGALLY BINDING DOCUMENT. IF YOU DO NOT UNDERSTAND THE TERMS AND

CONDITIONS AS SET FORTH HEREIN, PLEASE CONSULT AN ATTORNEY PRIOR TO SIGNING.

I ________________________________ (Buyer) agree to immediately enter into the Real Estate Auction

Purchase Contract approved by Seller, if I am declared the high bidder (winning bidder) by the

auctioneer during the following auction: 49 Nw 100 Th Rd, Sheldon, MO, 64784

Legally described as: half± of E2 Lts 1&2 Nw4 Lying E Hwy 71 Exc W2 N2 E2 Lot 2 Also Ne4 Sw4

Lying E Hwy 71 & Se4 Lying W Rr R/W Exc 37 Ac Off S/S & Exc 3.72 Ac For Hwy R/W Also All Ne4

Lying W Rr; Exc Tr Com Ne Cor Lot 2 Nw4, Th W A/L N/L 99.24 Pob, Th Cont W 575.47 To W/L Ne4 Ne

(Full Legal Descriptions to be provided by Title Company)

ONLINE BIDDING DATES/TIMES:

- Online Bidding Opens on Monday, Oct 1st

, 2024 at 6:00 pm (CT)

- Online Bidding Closes on Wednesday, Oct 30th, 2024 at 6:00 pm for 1 and 6:10pm for 2(CT)

By signing below, I agree that I have read and fully understand the Online Auction Bidders

Agreement and the Terms and Conditions of this auction.

I fully understand and agree that an Online Auction Bidders Agreement MUST be signed and

returned to United Country| Buckhorn Land and Home, prior to being allowed to bid in the Online

Auction. As a bidder, it is solely my responsibility to contact the auction company at 417-667-1163

with any questions regarding the auction, purchase agreement, or terms & conditions, prior to

placing any bids in said auction.

https://ucbuckhornlandpro.hibid.com/Online Auction Terms & Conditions

1) Seller Confirmation Auction: The property is being offered in an Online Only Auction, with

all bids being subject to the Seller’s approval.

2) Bidding Registration: Online bidder hereby agrees that they must be properly registered for

the online auction by completing and signing the (Online Auction Bidders Agreement),

which will be sent by email via DocuSign. Upon completing this registration form and

receiving approval, bidding privileges will be turned on. If you need assistance with

registration, you may contact James Edwards jedwardsuc@gmail.com 417-667-1163.

Seller(s) may at their sole discretion request additional registration requirements from any

bidder unknown to them or the auction company.

3) Bidding Opens/Closes: The Online Only Auction (i.e. Internet Auction) bidding shall be

opened and begin closing on the dates and times stated above, subject to the soft close

feature as outlined below.

4) Property Preview Dates: It is highly recommended that all bidders personally inspect the

property prior to placing any bids in the auction. Property inspections are the sole

responsibility of the bidders and can be conducted at any time, as the property is vacant.

The property may also be inspected by scheduling an appointment with the Auction

company at 417-667-1163. NOTICE (Home): The home's interior is in very poor condition

and deemed not habitable. It will require significant clean-up and repair based on our

inspection. Buyers are advised to establish any value they give the home, prior to bidding.

5) Buyer’s Premium: A Zero Percent (0%) Buyer’s Premium shall be added to the final bid

price place online, which will determine the Total Contract Sales Price. Bidders hereby

understand that the Buyer’s Premium shall be added to the winning bid to create the Total

Contract Sales Price for which they are obligated to pay for the property. Example: (winning

online bid $100,000 + 3% buyer’s premium = total purchase price of $103,000).

6) Cash Offer/No Financing Contingency: By participating in this auction, bidders hereby

agree that their bid shall NOT be subject to the bidder’s ability to obtain financing. By

placing a bid in this auction, bidders are making a “cash offer” to purchase the property.

Financing is NOT a contingency in the purchase agreement. Purchase and sale are

conducted in U.S Funds only.7) Purchase Contract: Winning bidder hereby agrees to enter into the Real Estate Auction

Purchase Contract which has been approved by the Seller, immediately upon being

declared the Successful Bidder by the Auctioneer. Upon the close of the auction the

winning bidder will be forwarded via email an Auction Real Estate Sales Contract to

purchase the property. A signed copy of the Auction Real Estate Sales Contract must be

received by United Country | Buckhorn Land and Home & Auctioneers no later than 24

hours from the time said Purchase Contract was sent to the winning bidder. The Auction

Real Estate Sales Contract may be e-signed, hand delivered, faxed, or scanned and

emailed. A sample purchase contract is available for review online prior to placing any bids

in the auction.

8) Down Payment: A Ten Percent (5%) non-refundable down payment based on the total

contract purchase price (which includes the buyer’s premium) will be wire transferred or

hand delivered in the form of certified funds to the Title Company no later than 48 hours

following the close of auction. See closing agents contact information below. The balance

of the purchase price will be due in full at closing.

9) Closing: Closing shall be on or by 11/20/24 located at Barton County Title Company 127 w

11Th St Lamar Mo 417-682-6776. Out of state buyers will be afforded the opportunity to

close via email, mail and wire transfer of certified funds.

10) Easements: The sale of the property is subject to any and all easements of record.

11) Minerals: The seller’s share of minerals (if any) will transfer with the surface at closing.

12) Survey: Survey is required to transfer title to the property and the Seller shall survey the

property if tracks 1 and 2 are sold separately.

13) Possession: Possession of the property will be given immediately to highest bidder, given

current crops are removed. In the event the buyer fails to close and has started planting or

fertilizing on the property buyer shall pay $175/ ac to rent for 1 year.

14) Title Insurance: Title Insurance in the full amount of the purchase price will be provided by

the seller. Seller shall execute a general warranty deed conveying the property to the

buyer(s).15) Taxes: Seller shall pay any previous years taxes (if due), and the current year’s real estate

taxes shall be prorated to the date of closing.

16) Personal Property: No personal property is being sold or transferred with the property.

17) Online Auction Technology (Disclaimer): Under no circumstances shall Bidder have any

kind of claim against United Country – Buckhorn Land and Home Broker of record, or

anyone else, if the Internet service fails to work correctly before or during the auction.

Online bidding is subject to technology faults and issues which are outside the control of

the auction company. Bidder(s) are encouraged to use the “Maximum Bid” feature on the

bidding platform and lock in their maximum bid amount, if they are concerned about

technology failure during the auction. The SELLER and/or Auction Company reserves the

right to (pause) the online auction bidding in the event of any internal or external technology

failure, to preserve the integrity of the auction event and maintain a fair and impartial

bidding environment.

18) Soft Close: If a bid is received within the last 5 minutes of the auction, the auction close

time will automatically extend 5 minutes to allow other bidders an opportunity to

competitively bid prior to the auction closing. This feature eliminates "snipers" and

encourages fair and impartial bidding from all participants.

19) Disclaimer: All information provided 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. Information is

subject to change without notice. There are no warranties either expressed or implied

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. The Auctioneer reserves the right to bid on behalf of the Seller up to, but not

beyond the Seller’s reserve price (if applicable). The property is available for and subject to

sale prior to auction. By participating in this auction, Buyers hereby acknowledge that any

bid(s) placed by them is a binding agreement to purchase the property, subject to the bid

being approved by Seller (if applicable).

20) Pre-Auction Sales: Seller has instructed the Auctioneer that they do desire to receive any

pre-auction offers. In the event a offer is made prior to auction and accepted all bids will be

released.

DOCUMENTS: