Online Auction Terms

Minerals: All mineral interests owned by the Seller, if any,

will be conveyed to the Buyer(s)

Taxes: Real estate taxes for 2019-2020 payable in 2021

will be paid by the Seller. All future taxes and specials will

be the responsibility of the Buyer(s). 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 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

December 31, 2020 or such other date agreed to buy the

parties.

Earnest Payment: A 10% earnest money payment is required

with the signed purchase agreement. The payment

may be in the form of cashier’s check, personal check,

company check, or wired funds. All funds will be deposited

and held by Bump Law Firm the closing agent.

Contract and Title: The high bidder(s) will enter into a

real estate contract and deposit with Bump Law Firm, the

closing agent, the required earnest payment. The Seller

will provide a current abstract of title at their expense. The

cost of any escrow closing services will be paid equally

by the Buyer(s) and Seller. Sale is not contingent upon

Buyer(s) financing.

Closing: The sale closing is on December 31, 2020, 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 Bump Law

Firm.

Sale Method: The real estate will be offered as one

individual tract. All bids are open for advancement starting

Wednesday, November 4, 2020 at 8:00 AM until

Wednesday, December 2, 2020 at 12:00 PM, subject to

the automatic bid extend feature outlined in these terms

and conditions. Auctions are timed events and subject to

extended bidding due to bidding activity. Any bid placed

within five minutes of the auction ending will automatically

extend the auction for five minutes from the time the bid

is placed. The auto-extend feature remains active until no

further bids are placed within the five minutes time frame.

All decisions of Farmers 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 Farmers

National 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”. Farmers

National 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: Joe and Pam Whetsone

Online Bidding Procedure:

This online auction begins on

Wednesday, November 4, 2020 at 8:00 AM.

Bidding closes Wednesday, December 2, 2020 at 12:00 PM.

To register and bid on this auction go to:

www.fncbid.com

Bidders can also bid in person at the Farmers National

Company office located at 4949 Pleasant Street, Suite 203,

West Des Moines, Iowa 50266. Farmers National Company

personnel will walk through the online bidding process

through the main office computer.

All bids on the tract will be visible online, 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 event

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 properly for any reason.

Email notification will be sent to registered bidders with

updated information as deemed necessary by Farmers

National Company.