Terms and Conditions for Online Land Auction - Shoal Creek Farm Thank you for your interest in the United Country Real Estate – Graham Agency’s ("The Graham Agency") Online Land Auction for the "Shoal Creek Farm." By participating in the auction, you acknowledge that you have read and agree to abide by the following terms and conditions. Auction Details 1. Auction Type: Online Only Auction 2. Auction Opens: November 8th, 2024, at 12:00 PM 3. Auction Closes: November 22nd, 2024, at 12:00 PM (using a soft close) 4. Final Closing Date: On or before December 22nd, 2024. Bidder Registration 1. All participants must register with The Graham Agency for the online auction. 2. Registration must be completed at least 24 hours prior to the closing date and time. 3. Once registered, your account will be activated for bidding. 4. For assistance with registration, contact Mac Lee at 816.285.5128. Bidding Requirements 1. Bidders must have secure financing in place prior to participating in the auction. 2. The property owner reserves the right to accept or reject any auction participants. Bidding Structure 1. Starting Bid Prices and Increments: 1. Starting at $2,000: Bid Increment of $1,000/acre 2. Starting at $4,000: Bid Increment of $250/acre 3. Starting at $5,500: Increment of $50/acre 2. The highest bid at the close of the auction will be considered the successful bid, subject to Seller approval. Property Information 1. The property consists of one tract totaling 86.8 taxed acres m/l. All lines drawn on maps and photographs are approximate. 2. It is highly encouraged that bidders inspect the property prior to bidding. For property viewing, please contact Mac Lee at 816.284.5128. 3. The property is sold “AS IS, WHERE IS” with no warranties, expressed or implied. Bidders are responsible for conducting their own due diligence. Contractual Obligations 1. Successful bidders must complete and sign an Offer to Purchase and Acceptance Agreement within 24 hours after the auction closes, as facilitated by The Graham Agency. 2. The agreement is NOT subject to financing or inspections. 3. A non-refundable deposit of 10% of the Total Contract Sales Price is due with the signed contract. Deposits can be made via personal check, wire transfer, or other certified funds payable to Caldwell County Title in Hamilton, MO. 4. The Contract Sales Price will be calculated based on the successful bidder’s price multiplied by the advertised acres, plus an additional 8% buyer’s premium. 5. The Seller will provide an Owner’s Title Policy at closing. Each buyer is encouraged to review the Title Commitment prior to bidding. 6. 2024 taxes will be prorated as of the closing date. Possession of the property will be granted at the time of closing; however, the seller reserves the right to harvest the 2024 soybean crop if not completed by the closing date. Legal Considerations 1. By bidding, you enter into a binding contract with no refunds or cancellations. The registered bidder is legally responsible for all bids placed. 2. Failure to complete a purchase may result in civil and/or criminal violations. 3. Information presented in auction materials is believed to be accurate, but The Graham Agency assumes no liability for inaccuracies, errors, or omissions. Changes to Terms 1. These Terms and Conditions are subject to change. Bidders will be notified of any significant changes prior to the auction. Thank you for your participation in the Online Land Auction for Shoal Creek Farm. Happy bidding!