AUCTION IS OVER

PROCEDURE: The property will be offered in 3 individual tracts, any combination of tracts and as a total 40+/- acre unit. There will be open bidding on all tracts and combinations of tracts during the auction as determined by the Auctioneer. The property will be sold in the manner resulting in the highest total selling price.

DOWN PAYMENT: 10% down payment on the day of auction for individual tracts or combinations of tracts. The down payment may be made in the form of cash, cashierâ€^TMs check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.

ACCEPTANCE OF BID PRICES: All successful bidders will be required to enter into Purchase Agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellersâ€^TM acceptance or rejection.

EVIDENCE OF TITLE: Seller shall provide an ownerâ€^TMs title insurance policy in the amount of the purchase price.

DEED: Seller will convey with Warranty Deed(s).

CLOSING: Closing shall take place 30 days after the day of the auction, or as soon thereafter as applicable closing documents are completed by Seller.

POSSESSION: Possession is at closing.

REAL ESTATE TAXES: Seller shall pay all 2009 taxes due 2010. Buyer shall assume 2010 taxes due in 2011 and 2010 ditch taxes.

ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.

SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Solely the Seller shall determine the need for a new survey. Seller and successful bidder shall each pay half (50:50) of the cost of the survey. Combination purchases will receive a perimeter survey only. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres, if a new survey is determined to be necessary by the seller.

AGENCY: Schrader Real Estate & Auction Company, Inc. and its representatives are exclusive agents of the Seller.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an â€oeAS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the personâ€^TMs credentials, fitness, etc. All decisions of the Auctioneer are final.

Stock Photography: Horse photo used for illustrative purposes only.

ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

None at this time