TERMS:

United Country Real Estate and Auction Services, LLC 740-965-1208 OR 614-206-1135 Sellers: Mount Vernon Academy of Seventh Day Adventists TERMS AND CONDITIONS Pursuant to the pre-auction sale bills and applicable law, THESE TERMS AND CONDITIONS REPLACE AND SUPERSEDE ALL PRIOR TERMS AND CONDITIONS OF ANY NATURE, WHETHER WRITTEN, VERBAL, OR OTHERWISE. IT IS THE BIDDER’S RESPONSIBILITY TO BE FAMILIAR WITH THESE TERMS AND CONDITIONS. By registering for this auction and placing a bid, bidder acknowledges that these terms and conditions have been disclosed to bidder, and bidder agrees to be bound by these terms and conditions. Property sells subject to owner’s confirmation within 24 hours of auction closing. 1. Buyer to pay a NONREFUNDABLE down payment in the amount of 10% of the total purchase price, to be applied on the purchase price at closing, or retained by Seller if the closing does not occur. Balance of purchase price is due in cash at closing which shall occur on or before August 5, 2016. Real estate taxes shall be prorated to the day of closing based upon the most recent available tax rate and valuation. Seller will not pay CAUV recoupment on any tract over 10 acres. Survey: A new survey will be provided by seller if necessary for transfer, otherwise a new survey will not be provided. The survey will be at the Sellers expense and any issues regarding the survey will be at the Seller’s discretion, combination purchases will receive a perimeter survey only. Seller will pay for conveyance fee, owner’s policy of title insurance from a title agency of Seller’s choosing, Seller's portion of title agency closing fee not to exceed $150.00, and deed preparation from title agency of sellers choosing only. Seller will pay no other closing costs. The owner’s policy of title insurance shall contain all standard exceptions, as listed in the title commitment. Seller shall convey marketable title to the real estate by Warranty Deed. 2. All real property and improvements are selling in their present “AS IS” condition with no warranties expressed or implied by Seller or Seller’s agent. No representations have been made by Seller or Seller’s agent with regard to fitness of the real property or improvements for a particular use or any particular Buyer’s development plans. It is Buyer’s responsibility to have any inspection Buyer desires completed prior to auction. It is the Buyer’s responsibility to pay for and obtain any and all due diligence inspections and inquiries as to feasibility of Buyer’s intended development plans prior to bidding. United Country Real Estate and Auction Services, LLC, and all agents associated, represent only the Seller in this transaction. Successful Buyers shall sign an agency disclosure form acknowledging that United Country Real Estate and Auction Services, LLC and its associated agents are working on behalf of the Seller. 3. All prospective Buyers who desire to participate in the auction must register the day of sale prior to bidding, and must then provide such personal information as requested by the auctioneer. Realtor cooperation is welcome; however, you must register your clients 48 hours prior too sale with an agency disclosure. No exceptions. 4. Seller has specifically reserved the right to have the auctioneer determine the minimum bid advancement that will be accepted from all bidders, including the amount necessary to “break” winning bids during the multi parcel portion of the auction. This is a multi-parcel auction with open bidding on any tract, combination of tracts or the whole up until the seller or auctioneer determines it to be closed. The auctioneers will handle any disputes at the time of the auction and all decisions will be final. The auctioneer, the seller and/or the attorney for the seller reserve the right to demand satisfactory written evidence of the authority of an agent to enter a bid or to execute a purchase contract on behalf of another party. This auction may be subject to online, phone or proxy bidding. 5. Each successful bidder will be required to immediately execute the posted purchase contract, and deposit with the auctioneer the down payment described above. In case of conflict with these terms and conditions, the terms and conditions in the signed contract control the transaction. 6. Please view the posted title commitment for any questions on easements, rights of way, leases etc. Any reports, disclosures, letters or other documents from third parties are deemed reliable but not guaranteed by seller nor United County Real Estate and Auction Services LLC. Mineral rights for tract #8 the 27+/- acre tract shall be retained by Mount Vernon academy for the use at the Hill Church There shall be a written ingress and egress easement as well as a gas line easement across the property for repair installation and servicing of the well and lines. 7. Any personal property left on the grounds of the real estate as of the date of closing becomes the property of the buyer of the real estate. Buyer will assume all responsibility and costs associated with these items as of the date of closing. 8. All information contained in this brochure and all related material came from sources deemed reliable but are not warranted by Seller or auctioneers. Announcements made day of sale shall take precedence over printed material. 9. Tracts 8,9,10,11,12,13 will be subject to water, sewer, and ingress and egress easements. Maps of easements made available prior to sale with attached easement language. 10. All buyers of buildings will be required obtain their own sewer, water and gas taps. Additionally they will need to obtain their own electric meters for each building. 11. Tract #4 has a tower located on it owned by a third party. Buyer of this tract assumes responsibility for any post-sale agreements with the owner of the tower to negotiate an acceptable lease between owner of the tower and land owner or remove the tower from the property. 12. Tract #13 is a swing tract and can only be purchased by an adjoining tract or property owner. 13. Seller reserves the right to accept or reject any bid in its sole discretion prior to mutual execution of a binding purchase contract pertaining to such bid. 14. Purchase price for tracts 1, 2, 3, 4, 5, 6, and 8 will be adjusted to new survey after auction based on actual acreage sold. United Country Real Estate and Auction Services, LLC BONDED – LICENSED BY THE OHIO DEPARTMENT OF AGRICULTURE

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