Auction Terms & Conditions ONLINE AUCTION: Bidding starts 10/26/21 2 PM CST. Bidding Ends 11/4/21 2PM. Total purchase price will include a 10% Buyer's Premium or $4,000/minimum, whichever is greater will be added to the final bid. Starting bid is $200,000. Seller has authorized the listing brokerage firm to submit an offers to Seller prior to auction. In the event an offer is accepted, brokerage will withdraw the property and cancel the auction. Seller responsible for any prior year taxes. 2021 Taxes will be prorated between Seller & Buyer based on 2020 Taxes of $1,827.02. Minerals are believed to be intact and will transfer to Buyer. Earnest money of $ 20,000 is non-refundable and purchase contract is not contingent on financing and is due in the form of a personal, business or cashier’s check or by wire the day after the auction end and will be applied to purchase at closing. Closing will be on or before 12/3/21. This property is selling As-Is-Where-Is, in its present condition and will be accepted by the Buyer(s) without any expressed or implied warranties or representations from the Seller(s) or their agent(s). Buyer is responsible for all inspections and due diligence prior to auction. It is incumbent upon the Buyer(s) to exercise their own due diligence prior to bidding on this property. If the property has improvements of any kind. It is also the responsibility of the prospective Buyer(s) to have any and all inspections completed prior to the start of auction bidding including, but not limited to the following: roof; structure; termite; environmental; survey; encroachments; groundwater; flood designation; presence of lead-based paint and/or lead-based paint hazards; presence of mold or radon gas; presence of asbestos; electrical; mechanical; appliances; heating; air conditioning; plumbing (including water well, septic, or lagoon compliance); sex offender registry information; flight patterns and any other desired inspections, if any. Information given is from sources deemed reliable, but NOT guaranteed by the Seller(s) or the Realtor(s). All documents will be made available online to prospective buyers prior to auction. If documents are not understood, broker recommends buyer to seek legal advice prior to bidding. Your bid participation acknowledges the acceptance of all documents. Announcements made online or orally prior to the auction will take precedence over any previous statements, printed material or oral information. Successful winning Bidder(s) will be required to sign all necessary legally binding purchase documents immediately upon conclusion of auction. In the event of any technology errors, Lange Real Estate is not responsible for any missed lots and/or bids. Said company reserves the right to re-run and/or pause/restart the bidding at any point in time at the discretion of said company. --------------------------------------------- ------------------------------------------ Terms Of Use

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