Minerals: All mineral interests owned by the Seller, if any, will be conveyed to the Buyer(s).

Buyers Premium:  A 10% Buyer’s premium will be added to the winning bid. 

Taxes: Real estate taxes will be prorated to closing. 

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 including the farmstead is sold on an “AS IS-WHERE IS” basis with no warranties or guarantees, either expressed or implied, by the Seller or Farmers National Company.

Possession: Possession will be granted at closing on  May 14, 2021, or such other date agreed to by the parties.

Earnest Payment: A 10% earnest money payment is required on the day of the bidding. The payment may be in the form of cash, cashier’s check, personal check, company check or wired funds. All funds will be deposited and held by Title Abstract Co. . 

Contract and Title: Immediately upon conclusion of the auction, the high bidder(s) will enter into a real estate contract and deposit with Title Abstract Co. the required earnest payment. The seller will provide an owner’s policy of title insurance in the amount of the contract price. The cost of title insurance and any escrow closing services will be paid equally by the Seller. Sale is not contingent upon Buyer(s) financing.

Closing: The sale closing will be May 14,  2021, or such other date agreed to by the parties. The balance of the purchase price will be payable at closing in guaranteed funds or by wire transfer at the discretion of Title Abstract Co.. 

Sale Method: The real estate will be offered as a total unit. All bids are open for advancement starting Thursday, April 1, 2021, at 9:00 AM until Wednesday, April 14, 2021 at 2:00 PM, subject to the automatic bid extend feature outlined in these terms and conditions. Auctions are timed events and subject to the extend bidding due to bidding activity. Any bid placed within one minute of the auction ending will automatically extend the auction for one minute from the time the bid is places. The auto-extend feature remains active until no further bids are placed within the one minute time frame. All decisions of Farmer National Company are final. 

Approval of Bids: Final sale is subject to the Seller’s approval or rejection. 

Agency: Farmers National Company and its representatives are acting as Agents of the seller. 

Announcements: Information provided herein was obtained from sources deemed reliable, but neither the Auction Company 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 sketches, dimensions, and acreage figures are approximate or “more or less”. Any announcements made auction day by the Auction Company will take precedence over any previous printed materials or oral statements. The Auction Company and Seller reserve the right to preclude any person from bidding if there is any question as to the person’s credentials or fitness to bid.

Seller(s): Terri Jones, Jody Hoy, Elizabeth Moore, Kristen Kennedy-Marsiglia, Bill McBeth. 

Online Bidding Procedure:

 This online auction begins Thursday, April 1, 2021 at 9:00 AM CDT. Bidding will close on Wednesday, April 14, 2021, at 2:00 PM CDT. 

To register and bid on this auction go to:

www.fncbid.com

All bids on the tract will be visible on-line, but the identity of bidders is confidential. See auction terms and conditions for minimum bid requirements and details. 

Server and Software Technical Issues: In the even there are technical difficulties related to the server, software, or any other online auction-related technologies, Farmers National Company reserves the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software nor Farmers National Company shall be held responsible for a missed bid or the failure of the software to function property for any reason. E-mail notification will be sent to registered bidders with updated information as deemed necessary by Farmers National Company.