MULTI-PARCEL AUCTION - 189 Acres Total - $12,500 Per Acre Minimum

AUCTION TERMS & CONDITIONS

1. 1. 1. Selling with the aggregate (cumulative) reserve of $2,371,675.00

      2. The real estate sells in AS-IS condition. The Seller is not making any repairs or giving any concessions.

      3. The sale is not contingent upon a satisfactory inspection.

      4. The sale is not contingent upon the Bidder(s) ability to secure financing. The buyer assumes responsibility for the appraisal gap, if any.

      5. The successful bidder will sign and return within 24 hours the purchase contract and other applicable documents electronically following the close of the auction.

      6. The Seller will not pay the recoupment tax.

      7. The successful bidder/buyer of the parcel(s) will deposit 10% of the bid price (earnest money), non-refundable, payable on the day of the auction in cash, check, or by electronic transfer, to be held by the title company.

      8. Buyer to proceed to close within (45) days of the auction.

      9. The sale of this property is subject to the successful sale and closing of both parcels, Delaware County parcel number 619–2 00–0 1–021–000and Marion County parcel number 400340000100.

      10. A small portion of this farm is in the CRP program (see map in documents section). The Buyer is responsible for assuming and keeping the current CRP contract. The Buyer is responsible for any recoupment if they end the CRP contract.

      11. Seller will provide and pay for owner’s title insurance, preparation of deed, conveyance fee, and the proration of real estate taxes.

      12. There is a 10% (TEN) Buyer’s Premium added to the final bid price to determine the final purchase price.