TERMS AND CONDITIONS 1. PROCEDURE: Bidding ends Thursday, October 5, 2017 at 11:00 a.m., with a soft close, meaning that a last minute bid will extend bidding by 5 minutes. 2. BUYERS PREMIUM: 10% Buyer's Premium will be added to the final bid price to arrive at the contract sale price. 3. ACCEPTANCE OF BID PRICES: Winning bidder(s) will enter into a Contract to Purchase immediately upon being declared the Successful Bidder by the Auctioneer. Upon the close of the auction the winning bidder will be forwarded via email, fax or in person a Contract to Purchase. A signed copy of the contract must be received by Land Home and Auction LLC on or before 12:00 NOON, Friday October 7, 2017 (hand delivered, faxed or scanned and emailed). 4. DOWN PAYMENT: 10% of the contract purchase price will be due upon acceptance of the Sales Contract. Bidding is not contingent upon financing. The balance of the purchase price will be due at closing. 5. CLOSING: Closing shall be on or before 4:00 p.m., Wednesday, November 8, 2017. 6. POSSESSION: Possession will be given at closing, subject to the remaining rights of the current tenant, if any. 7. ABSTRACT & TITLE: Seller shall furnish the buyer(s) at Sellers' expense an abstract of title to the property, and agrees to provide and execute a proper deed conveying merchantable title to the real estate to the buyer(s). 8. SURVEY: AT SELLERS OPTION, the Seller shall provide a new survey where there is no existing legal description sufficient to convey title. 9. REAL ESTATE TAXES: Seller shall pay 2016 and all-prior year real estate taxes, if any. 2016-2017 real estate taxes are to be prorated to the day of closing. 10. Under no circumstances shall Bidder have any kind of claim against Land Home and Auction LLC, or anyone else if the Internet service fails to work correctly before or during the auction. The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property. Real estate is being sold As Is, Where Is with NO warranties expressed or implied. Please make all inspections and have financing arranged prior to the end of bidding.

This 9100 sq. ft. commercial building is located on highway 69 on the north side of Osceola Iowa. The 182 x 50 building is a steel framed and sided structure with concrete floor. A sunken concrete loading dock is on the south side of the building with a 8 ft. wide x 9 ft. high roll up door. The east entry slider door is 14 ft. high x 13 ft. wide. Inside the west end of the building is a 40 ft. wide x 20 ft. storage room. The office is located in the southeast corner of the building. It is approximately 32 ft. x 16 ft. with a office, bathroom and break room that is heated and cooled. A large paved parking area is on the south side of the property. Water is supplied by a well and sewer is a septic system. Owner is selling this property "as is". Any updates to sewer and water will be the responsibility of the buyer. This property is in a very high traffic area and would make a great location for a business. For more information or to request a private showing of this commercial property, please contact Darren Mann at: 641-414-4448 or email at: dmann@uclha.com.