AUCTION TERMS

Minerals: All mineral interests owned by the Seller, if

any, will be conveyed to the Buyer(s).

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 Auction Company.

Possession: Possession will be granted at closing

April 9, 2021, or such other date agreed to by the

parties.

Earnest Payment: A 10% earnest money payment

is required on the day of the auction. The payment

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

check, or company check. All funds will be deposited

and held by the Farmers National Company in their

trust account.

Contract and Title: Immediately upon conclusion

of the auction, the high bidder(s) will enter into a real

estate contract and deposit with Farmers National

Company 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 both. Sale is not contingent upon

Buyer(s) financing.

Closing: The sale closing will be April 9, 2021, or such

other date agreed to by the parties. The balance of

the purchase price will be payable at closing in cash,

guaranteed funds, or by wire transfer at the discretion

of Farmers National Company.

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.

Auction Sales: The real estate will be offered as

two tracts. All bids are open for advancement until

the Auctioneer announces that the real estate is sold

or that the bidding is closed. The real estate will sell

in the manner resulting in the highest total price.

Bidding increments are solely at the discretion of the

Auctioneer. No absentee or telephone bits will be

accepted without prior approval of Farmers National

Company and Seller. All decisions of the Auctioneer

are final.

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): Leora H. Vande Kamp Revocable Trust;

Edward G. Vande Kamp Residuary Trust

Auctioneer: David Whitaker

Online Simultaneous Bidding Procedure:

The online portion of this auction begins on

Monday, February 1, 2021, at 8:00 AM.

Bidding closes on Tuesday, March 9, 2021, at the

close of the live auction.

To register and bid on this auction go to:

https://farmersnational.nextlot.com/public/

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 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.