Terms: Real Estate: Real Estate: 10% Buyers Premium added to the high bid to determine the final sales price. Closing in 30 days. Tract 1 - A deposit of $60,000 in certified funds due on sale day or 10% of the winning bid will be due from the high bidder at the sale, with the balance – including the Buyer’s Premium of 10% - due upon delivery of a trustee’s deed within 30 days of the sale. If the initial deposit is less than 10% of the winning bid, the successful bidder’s deposit must be increased to 10% of the winning bid by certified funds or wire funds within three (3) business days. Tract 2 - A deposit of $15,000 in certified funds due on sale day or 10% of the winning bid will be due from the high bidder at the sale, with the balance – including the Buyer’s Premium of 10% - due upon delivery of a trustee’s deed within 30 days of the sale. If the initial deposit is less than 10% of the winning bid, the successful bidder’s deposit must be increased to 10% of the winning bid by certified funds or wire funds within three (3) business days Disclosure: For the purpose of ensuring compliance with applicable federal regulations restricting “related party” transactions by Farm Credit of the Virginians (Seller), Purchaser represents and warrants to Seller that as of the date of this Contract, Purchaser is not an employee, director, or officer of Seller or an immediate family member (meaning spouse, parent, sibling, child, step child, parent-in-law, sibling-inlaw, son-in-law, or daughter-in-law) of any employee, director, or officer of Seller. If purchaser is a corporation, partnership, limited liability company, or other entity, Purchaser represents and warrants that none of its manager(s) or owner(s) are related parties of Seller as described above, unless Purchaser is a public company whose entity is traded on a national recognized exchange, in which case, only a controlling interest shall be consider for purposes of this representation. If purchaser is a trust, Purchaser represents and warrants that neither it trustee(s) nor its beneficiaries are related parties of Seller as described above.