Method of Auction: Each farm will be sold on a dollar per taxable acre basis. Each Farm will be sold individually, and will not be combined. Terms: Your bid is not subject to financing. Buyer of each Farm will be required to place 10% of the purchase price as a non-refundable down payment on the day of the auction, made payable to Stuart Tinley Trust Account, which shall hold the money in escrow prior to closing. Title: Sellers shall provide an updated abstract to each farm. Buyer of each farm will be required to provide a title opinion. Acceptance of Bids: Final bids on each Farm is subject to approval by the managers of Wenninghoff Farms, LLC and the Executors of the Richard P Wenninghoff Estate. Closing: Closing on each farm shall be on or before September 16th, 2019 under the supervision of A.W. “Tony” Tauke, Attorney. Possession: Buyer of each farm to receive Landlords possession at closing. Seller’s will retain 100% of the cash rent for the 2019 crop year. Buyer of each farm will receive full possession and full farming rights on March 1st, 2020. Agency: Spencer Auction Group/Farms America, INC and it’s associates are agents for and represent the sellers. All bidders will be considered customers, not clients. Disclaimer: Announcements made by the auctioneer at the time of the sale will take precedence over any and all previously printed material, or any oral statements made. All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the agreement to purchase. The Farms are being sold on an “as-is, where-is” basis, and no warranty or representation, either expressed or implied concerning the property is being made by the Sellers or the Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries and due diligence concerning each farm. The information contained in this brochure is believed to be accurate, but is subject to verification of all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the sellers or the Auction Company. All sketches and dimensions in this brochure are approximate and based upon GIS, aerial photographs, and information provided by the county assessor. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer.