Lot # : 1 - Modern Shop/Office Building w/4 Outbldgs on 8 Ac

Real Estate Auction Terms: Announcements: Information provided herein was obtained from sources deemed reliable, but neither Richard A. Olson & Associates, Inc nor the Seller makes any guarantees or warranties as to its accuracy. All potential bidders are urged to inspect the property, its condition, and to rely on their own conclusions. All maps, dimensions, and acreage figures are approximate or "more or less". Any announcements made on auction day by Richard A. Olson & Associates, Inc will take precedence over any previous printed materials or oral statements. Agency: Richard A. Olson & Associates, Inc and its representatives are acting as Agents of the Seller. Farm Lease: The farm lease will be terminated at the end of 2024 after Seller's approval. The Seller retains Landlord's share of the 2024 crops and shall pay Landlord's share of the 2024 crop expenses. Taxes: 2024 Real Estate Taxes (due in 2025) will be credited to the Buyer(s) at closing. All future taxes will be the responsibility of the Buyer(s). Conditions: This sale is subject to all easements, covenants, restrictions of record, and leases. Each Bidder is responsible for conducting, at their own risk, their own inspections, inquiries, and due diligence concerning the property. All property is sold on an "AS IS-WHERE IS" basis with no warranties or guarantees, either expressed or implied, by the Seller or Richard A. Olson & Associates, Inc. Survey: The Seller shall provide a new survey. The type of survey performed shall be at the Seller's option & sufficient for providing title insurance. Contract and Title: Immediately upon conclusion of the auction, the high bidder(s) will enter into a Seller's real estate contract which provides all the terms and conditions. The Seller will provide title commitment in the amount of the contract price. Sale is not contingent upon Buyer(s) financing. Down Payment/Non-Refundable Earnest Money: The successful bidder(s) will be required to deposit $50,000 earnest money (per tract) to be held by Seller's Attorney in an escrow account and will be applied to the purchase price. The down payment may be made in the form of cashier's check, personal check or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing. Closing: The closing shall take place forty-five (45) days after August 20, 2024, or as soon thereafter as applicable closing documents are completed. The anticipated closing date is on or before October 4, 2024. The balance of the purchase price must be paid by wire transfer to account of settlement agent. Possession: Possession will be granted on closing date. Sale Method: The real estate will be offered on a total dollar amount, per tract. Bidding increments are solely at the discretion of the Auctioneer. No absentee or telephone bids will be accepted without prior approval of Richard A. Olson & Associates, Inc and Seller. Link to Internet Bidding: richardaolson.hibid.com. A 0.5% (1/2 of 1%) Buyers Premium applies to ONLINE bids only and will be added to the final bid. There is no Buyer's Premium to in-person (live) bidders. There will be no combinations. Each Tract will be offered individually with Seller's approval or rejection. Disclaimer: All decisions of the Auctioneer are final. Neither the Auctioneer nor the online bidding software and service provider shall be held responsible for a missed bid or the failure of the software to function properly for any reason. Approval of Bids: Final sale is subject to the Seller's approval or rejection. www.richardaolson.com