TERMS & CONDITIONS 1. PROCEDURE: Bidding ends Thursday, March 21, 2019 at 1:00 P.M., with a soft close, meaning that a last-minute bid will be extended by 3 minutes until the bidding becomes idle. Land will be sold by the acres times the number of advertised acres. 2. ACCEPTANCE OF BIDS: Winning bidder 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. Fraise Auction & Real Estate must receive a signed copy of the contract on or before 12:00 NOON, Friday, March 22, 2019 (DocuSign, faxed, scanned or emailed). This real estate positively sells to the highest bidder, regardless of price. 3. DOWN PAYMENT: $5,000 nonrefundable earnest money deposit will be due upon acceptance of the Sales contract. Bidding is not contingent upon Buyer's financing or any other contingencies. This real estate sells "as is, where is" with no warranties expressed or implied. 4. CLOSING: Closing shall occur within 45 days or as soon thereafter as applicable closing documents are completed. 5. POSSESSION: Possession will be given at closing. The land sells free and clear of any farm tenancy for the 2019 crop year. 6. ABSTRACT & TITLE: Sellers will provide a current abstract at their expense. 7. SURVEY: Seller shall not be obligated to perform a survey of the property. 8. REAL ESTATE TAXES: Taxes will be prorated to the date of closing. 9. Under no circumstances shall Bidder(s) have any kind of claim against Fraise Auction & Real Estate or anyone else if the online bidding platform fails to work properly before or during the auction. Disclaimer and Absence of Warranties: All information contained in this and all related materials are subject to the terms and conditions outlined in the agreement to purchase. Announcements made by the auctioneer during the time of the sale will take precedence over any previously printed material or any other oral statements made, except the purchase agreement. The property is being sold on an 'As Is, Where Is' basis, and no warranty or representation, either express or implied, concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained is believed to be accurate but is subject to verification by all parties relying on it. All lines drawn on maps and photos are approximate. No liability for its accuracy, errors or omissions is assumed by the seller or the auction company. Conduct at the auction and increments of bidding are at the direction and discretion of the auctioneer. The auctioneer reserves the right to change the bidding increments at any time during the auction. The seller and auction company reserve the right to preclude any person from bidding if there is any question as to the person's credentials, legal competence, etc. All decisions of the auctioneer are final. Agency: Fraise Auction & Real Estate and their representatives are exclusive agents of the seller. Currency Type: USD Special Terms Fraise Auction & Real Estate is providing Internet bidding as a service to the Bidder. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall Bidder have any kind of claim against Fraise Auction & Real Estate or anyone else if the Internet service fails to work correctly before or during the auction. Fraise Auction & Real Estate will not be responsible for any missed bids from any source. Internet bidders who desire to make certain their bid is acknowledged should use the proxy-bidding feature and leave their maximum bid 24 hours before the auction concludes. Fraise Auction & Real Estate reserves the right to withdraw or re-catalog items in this auction. The property is selling subject to public road easements, utility easements and all other easements of record. Seller shall not be obligated to furnish a survey. If, in the future, a site cleanup is required, it shall be the expense of the buyer. Buyers are not bidding contingent on financing or any other contingencies. All sales are final. The Property is being sold “As Is, Where Is”. This is a soft close auction. Any bid placed in the final 3 minutes of an auction results in the auction automatically extending an additional 3 minutes. The bidding will extend in 3 minute increments from the time the last bid is placed until there are no more bids and the lot sits idle for 3 minutes. Therefore, the auction will not close until all biding parties are satisfied and no one can be outbid in the last seconds without having another opportunity to bid again.