TERMS:

1. AUCTION SALE: United Country-Musick & Sons Auction & Real Estate Services is representing the Sellers and conducting the Auction Sale of the real property situated in the 750 N 2700 E, Roberts, Idaho 83444 (Idaho Falls, Idaho) and Parcel # RP05N37E190003 and more particularly described as follows:

N ½ South & West of Interstate Hwy 15 Less Tax 3 Sec 30 TWP 5 North Range 37 EBM

&

All Sec 19 East of Hwy Row Less Tax 1,2,3,4,5 Sec 19 TWP5 North Range 37 EBM

2. AUCTION DATE AND LOCATION: This property will be sold via an online only public auction. Bidding will be open for a period of 3 weeks and is scheduled to close on Thursday, December 8, 2016, 4:00 PM MDT.

3. BIDDER REGISTRATION: Please email registration form via email to admin@musicklandgroup.com, subject line, Auction Registration. Auction Company will be in contact with in 1 business day.

4. ON-SITE INSPECTION AND SALE DOCUMENTS: All bidders are encouraged to personally inspect the property and documentation relating thereto. Drive by anytime, or call (208) 983-0069 to arrange an appointment for inspection.

5. BID DEPOSIT: Bids on the real estate will be accepted only from Qualified Bidders who have in their possession their earnest money deposit. At the conclusion of bidding on the property, the successful bidder will be required to confirm its bid amount with a non-refundable earnest money deposit in the form of a cashier’s or certified check, personal check, or other legal tender that has been pre-approved by the auction company in the amount of $10,000 (Ten Thousand Dollars) per auction lot. The offer will not be considered authenticated until the earnest money is received and the high bidder has signed an Auction Sale Earnest Money Contract (“Purchase Contract”).

6. BUYER’S PREMIUM: A 10% (ten percent) Buyer’s Premium shall be charged and added to the successful bidder’s high bid in order to determine the total contract price.

7. FINANCING: Any buyer who chooses to apply for financing must notify the auctioneer of his or her lender and a contact person for the lender within 48 hours of the auction and must obtain a written lending commitment from the lender within 5 days after the date of the auction. The sale will not be contingent upon obtaining financing and will not be extended for that purpose. Purchasers who fail to qualify for that reason or any other reason will be required to release their entire deposit to Seller as liquidated damages.

8. TITLE INSURANCE: A STANDARD COVERAGE OWNER’S POLICY will be supplied by the Seller, at Seller’s expense, giving Buyer clear and marketable title subject to restrictions of record at close of escrow. Closing will take place at First American Title located at 110 North Clark, Rigby, Idaho 83442. The contact number for First American Title is (208) 745-8715.

9. CLOSING DATE: Closing will take place no later than Thursday, December 8, 2016. Unless extended by the Seller, at their option, in writing. Requests for extensions must be made at least five days prior to the scheduled closing date. All extension requests are evaluated by the Seller on a case-by-case basis and are solely at Seller’s discretion. Purchasers who fail to close in a timely manner shall forfeit their deposit as liquidated damages. Seller retains the unilateral right to cancel escrow and retain the deposit in the event buyer fails to close as per the contract.

10. WARRANTIES: The sale is not contingent upon inspection and will not be extended for that purpose. The property is being sold in its present condition. Neither Seller, Broker nor Auctioneer makes any warranties or representations, either expressed or implied, concerning the property. Neither Seller, Broker nor Auctioneer shall be liable for any relief, including damages, rescission, reformation, allowance or adjustment based on the failure of the property to conform to any specific standard or expectation.

11. BROKER PARTICIPATION: The licensed Real Estate Broker who conforms to the Broker Registration Form and whose prospect executes an Auction Sale Earnest Money Contract and closes escrow on the auction property will be paid a commission, exclusive of the Buyer’s Premium, of 3% of the final accepted auction bid. To qualify for the commission, the licensed agent must register their client on the “Broker Registration Form” available via email, admin@musicklandgroup.com or call (208) 983-0069 and accompany their client to the auction. All Broker Registration Forms from Brokers must be signed by agent, broker and prospect and be received and acknowledged by United Country-Musick & Sons Auction & Real Estate Services on or before the published deadline. A separate broker registration form must be submitted for each client. All registration forms must be received at United Country-Musick & Sons Auction & Real Estate Services offices located at 323 W Main Street, Grangeville, Idaho 83530 or email to admin@musicklandgroup.com Broker Registration Forms will not be accepted past 5 pm Mountain Time on Wednesday, December 7, 2016.

12. SELLER’S & AUCTIONEER’S DISCLAIMER: All announcements made by the Auctioneer shall take precedence over any previously written material or oral statements made. Conduct of the auction, increments of the bidding and decisions as to the high bidder will be at the direction and sole discretion of the Auctioneer. The information contained in this Property Information Package is subject to the verification by all parties relying on it; no guarantee, expressed or implied, is given on the information contained in the Property Information Package. No liability for its accuracy, errors or omissions is assumed by the seller or their agents. All square footage and dimensions are approximate. Buyers shall rely entirely on their own judgment and inspection of the property and records. The property will be sold subject to the seller’s confirmation of the high bid with every intention of selling the property on auction day. All auction properties are available for and subject to prior sale up to the date of the auction. The auctioneer retains the right to bid on behalf of the Seller.

13. PURCHASE CONTRACT: The highest bidder receives the right and obligation to become the purchaser under an Auction Sale Earnest Money Contract (“Purchase Contract”), which is available from the Auctioneer. Bidders are cautioned that they must be able to comply with the purchaser’s representations under such Purchase Contract. Note that the purchaser under the Purchase Contract must be able to provide evidence of financial capability and pay an earnest money deposit of $10,000 (ten thousand dollars), per auction lot, in the form of a cashier’s or certified check, or personal check. Note that the amount bid is not the only consideration which must be paid by the purchaser. In addition, the consideration includes a sharing or pro-ration of closing costs and expenses, as is customary for similar sales of property in Jefferson County, Idaho. The highest bidder will be liable for breach of the Purchase Contract if the bidder cannot perform.

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