Tract 4 - 2,166.36+/- Acres

Minerals All mineral interests owned by the seller, if any, will be conveyed to the buyer(s). Real Estate Taxes Real estate taxes for 2014 payable in 2015 will be paid by the seller. All future taxes will be the responsibility of the buyer(s) Conditions This sale is subject to all easements, covenants, leases, and restrictions of record. Each bidder is responsible for conducting, at their own risk, their own inspections, inquiries, and due diligence concerning the property. All property is sold on an “As Is – Where Is” basis with no warranties or guarantees, expressed or implied, made by the auctioneer or seller.Possession Possession will be granted at closing on or before January 5, 2015, subject to current leases. Earnest Money A 15% earnest money payment is required on the day of the auction. The earnest payment may be paid in the form of cash or check. All funds will be held by Avery L Gurnsey in their trust account. Sales Contract and Title Immediately upon conclusion of the auction, the high bidder(s) will enter into a real estate sale contract and deposit with Farmers National Company the required earnest payment. The seller will provide an owner’s policy of title insurance in the amount of the purchase price. The cost of such title insurance and any escrow closing services will be shared equally by the seller and buyer. Sale is not contingent upon buyer financing. Closing The projected closing date is on or before January 5, 2015. The balance of the purchase price will be payable at closing in cash, a guaranteed check, or by wire transfer. Buyer’s Premium A 3% Buyer’s Premium will be added to the final bid price and included in the total real estate contract price that is due and payable from the buyer(s). Sale Method The real estate will be offered in five individual tracts for bidding. All bids are open for advancement until the Auctioneer announces that the real estate is sold or that the bidding is closed. Bidding increments are solely at the discretion of the Auctioneer. No absentee or telephone bids will be accepted without prior approval of the Seller and Farmers National Company. All decisions of the Auctioneer are final. Announcements Information provided herein was obtained from sources deemed reliable, but neither Farmers National Company nor the seller makes any guarantees or warranties as to its accu racy. 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 Farmers National Company will take precedence over any previous printed materials or oral statements. Farmers National Company and the 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. 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. Seller Lazy A B Ranch, Inc Auctioneer Jim Eberle