Lot # : 2 - TRACT 2 - 193± Acres

All bidders and participants in this auction sale hereby agree that they have read and fully understand the following terms. By participating in this auction sale, bidders and participants further agree to be bound by the terms and conditions of auction contained herein. AUCTION DATE & TIME: Thursday – Oct. 1, 2020 – 10:00am CDT AUCTION LOCATION: Online Auction: https://www.stillwater-ok-realestate.com METHOD OF SALE: The property will be offered in 8 individual tracts. Bids will begin to close at 10:00am CDT using a “Soft Close” internet (Online) bidding platform. All tracts will be linked together meaning that no tract will close as long as there is bidding activity on “Any” of the 8 tracts. Once there has been a period of 5 minutes without bidding activity all bidding will close simultaneously. In order to buy multiple tracts, combinations of tracts or the entire ranch you must be the high / winning bidder on each individual tract. SUBJECT TO PRIOR SALE: The seller reserves the right to sell the property prior to the auction. All pre-auction offers must be submitted to United Country - Oklahoma Land & Auction. BUYERS PREMIUM: The contract purchase price will include a Buyer’s Premium equal to 4% of the high bid amount. DOWN PAYMENT: A (10%) non-refundable down payment based on the total purchase price (which includes the buyer’s premium), shall be due immediately following the auction by end of business 10/1/2020. The down payment may be made in the form of a direct wire transfer, cashier’s check, personal check, or corporate check payable to: Oklahoma Closing and Title. NOT SUBJECT TO FINANCING: The real estate purchase agreement is NOT subject to the Bidders ability to obtain financing, so all Bidders must have any needed financing arranged prior to bidding at the auction. Down Payment deposits are “non-refundable” in the event a Bidder cannot complete closing. ACCEPTANCE OF BID PRICES: All successful bidders will be required to enter into Purchase Agreements at the end of the online bidding immediately following the close of the auction. Auction sales contracts will be emailed to the winning bidders. All final bid prices are subject to the Sellers acceptance or rejection. Auction staff will be available at the United Country Office during the auction if bidders would prefer to Bid or sign contracts in person. EVIDENCE OF TITLE: A current / updated Abstract or Owners Title Policy will be provided by the seller at seller’s discretion. DEED: Title shall transfer by Warranty Deed CLOSING: The balance of the real estate purchase price is due at closing, which will take place on or before Dec. 15, 2020 – 10:00am CT. Closing will be held at Oklahoma Closing and Title – 601 S. Husband Street - Stillwater, OK. Closing and Recording fees to be paid by the buyer. POSSESSION: Possession stated herein is subject to successful closing and transfer of title. Possession will be granted to the buyers subject to tenants’ rights but no later than Jan. 1, 2021. REAL ESTATE TAXES: All real estate taxes will be prorated to day of closing PROPERTY INSPECTION: Auctioneer strongly recommends that any prospective Bidder personally inspect the Property prior to the Auction. Preview dates: Tuesday - Sept. 3 @ 4:00pm; Sunday – Sept. 13 @ 1:00pm and Wednesday, September. 30 @ 3:00pm. Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Bidders safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale. ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos and mapping program. SURVEY: A survey will be ordered at conclusion of auction based on survey needs. If a new survey is necessary to record the conveyance or is otherwise deemed necessary or appropriate in the Sellers and or the Abstract Company’s discretion, the cost of such survey shall be shared equally (50/50) by Buyer and Seller. In the event said survey identifies a variance between the advertised and surveyed acres, the purchase price will be adjusted on a per acre price basis. Any survey of adjacent tracts purchased in a combination will be for the perimeter only, and no interior survey shall be provided by Seller. AGENCY: United Country - Oklahoma Land & Auction and its representatives are exclusive agents of the Seller. SELLER: Billy M. Jones DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in the PIP, brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the PIP and brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE SHALL TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. For questions call: United Country - Oklahoma Land & Auction - Jimmie Dean Coffey (812) 360-6005 or Christa Barlow (812) 345-4545.