Lot # : 1 - 39.5 Acres - 23559 Tyler Street, Lacona, IA 50139

TERMS & CONDITIONS - United Country Southern Iowa Real Estate 2461 State Hwy 2 Mount Ayr, IA 50854 website - southerniowarealestate.com email - southerniowarealestate@gmail.com Phone - 712-621-1960 Broker - Rhonda Triggs - Licensed in Iowa and Missouri Co-Broker - Lindsey Catanzareti - Licensed in Iowa Auctioneer - Steve Peasley - Licensed in Iowa Ronald Eugene and Patsy Kay Neer- Real Estate Auction 23559 Tyler Street Lacona, IA 50139 Legal Description The West 1/2 of the West 1/2 of the Southeast Quarter of Section 14, Township 74 North, Range 22 West of the 5th P.M., Warren County, Iowa ¢ The property will be sold at Public "Online - Internet Auction", starting Thursday, January 21, 2021 and ending Monday, February 22, 2021 at 2:00pm (soft close) ¢ The property will be sold Absolute. ¢ Property sells As-Is with no warranties expressed or implied ¢ The auction is Subject to prior sale (the property can be purchased prior to the end of the auction) ¢ The seller reserves the right to cancel the auction at any time prior to the final bid closing but will be responsible for costs as discussed in Auction Listing Agreement ¢ Buyers Premium o A 5% buyer's premium will be added to the final bid and charged to the buyer, the final bid plus the 5% Buyer's premium will establish the final sales price. ¢ A down payment of 10% must be paid by the successful bidder by direct wire transfer within 24 hours of acceptance of the auction contract by the sellers. Down payment will be payable to Paul Goldsmith. The down payment deposit will be non-refundable; your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing. The balance of the purchase price will be due via a wire transfer to the closing company, on delivery of abstract and final review of Preliminary Title Opinion on or before April 1, 2021. o A promissory note will be signed along with the down payment. ¢ Final closing is NOT contingent upon financing. ¢ The property will be conveyed by a Warranty Deed ¢ The seller agrees to furnish buyer(s) with an updated abstract so the buyer can have a Preliminary Title Opinion completed. ¢ Real Estate Taxes: the taxes will be prorated to the day of closing. ¢ Closing: o Closing shall take place at the office of: Paul Goldsmith, Chariton, Iowa o Closing fee will be paid by the buyer. o Closing will be held on or before April 1, 2021 ¢ Possession will be granted at final closing. ¢ The successful Bidder shall execute electronically an "Auction Real Estate Sales Contract" for the property immediately after being declared the Successful Bidder by the Auctioneer. ¢ Each potential Bidder is responsible for conducting at their own risk, their own independent inspections, investigations, and due diligence concerning the property. o Further; Property sells as-is with no warranties expressed or implied ¢ United Country Southern Iowa Real Estate and their representatives are exclusive agents of the Seller. ¢ All announcements made up to the final close of the Auction bidding take precedence over all advertising, oral or printed material. ¢ All information was gathered from reliable sources and is believed to be correct as of the date this brochure is published; however the seller or United Country Southern Iowa Real Estate have not independently verified this information. Auction plats and drawings are not to be relied on and are for representation purposes only. Its accuracy is not warranted in any way. There is no obligation on the part of the sellers or United Country Southern Iowa Real Estate to update this information. SALE SITE: Internet Only VIEWING INSTRUCTIONS: By Appointment The viewing of the property will be at the viewer's own risk. The Seller nor United Country Southern Iowa Real Estate or any of it's Agents/Brokers may not be held responsible for accidents. For questions call or text Steve Peasley (515) 313-8587 or Rhonda Triggs at United Country Southern Iowa Real Estate at (712) 621-1960. I do hereby agree to these Auction Terms & Conditions. ____________________________________ ________________________ Seller Date Ronald Eugene Neer and Patsy Kay Neer ____________________________________ ________________________ Bidder Date ____________________________________ ________________________ Bidder Date Buyer Date Buyer Date