This Sale will be Governed in Accordance with the Applicable Laws of the Commonwealth of Missouri. The Exclusive Venue for Any Controversy or Claim Between the Parties will be in St. Charles County, Missouri. All Bidders Consent to Venue. All Internet Bidders Agree to Abide by Consent to Venue. All Internet Bidders Agree to Abide by the Full Terms of Sale as Announced prior to the Auction. TERMS AND CONDITIONS OF AUCTION 1. Seller is serious about selling this property at this auction, but does reserve the right to accept or reject the final bid on this property. Each bid shall constitute an offer to purchase, and the final bid, if accepted by the seller, shall constitute a binding contract between the Buyer and the Sellers. Conduction of the auction and increments of bidding are at the direction and discretion of United Country Missouri Land & Home and/or the auctioneers. The successful bidder must enter into a purchase agreement the day of the auction, immediately following the conclusion of the bidding. 2. This property will be sold as 2 tracts and WILL NOT BE COMBINED at the end of the sale. 3. Property is sold “AS IS - WHERE IS” and Buyer should take time to examine this property thoroughly and rely on their own judgment. The only guarantee from the Seller is a valid, good and marketable title to the property. Neither the Seller nor United Country Missouri Land & Home or the Auctioneers or Associates are giving any warranties other than the Seller’s Title Warranty. Buyer must conduct their own inspections at their own expense prior to bidding at the auction. Auctioneers, United Country Missouri Land & Home or its agents are not responsible for any representation made by Sellers or their employees and are not responsible for accidents on the sale property should any occur. 4. All mineral rights owned by the Sellers will be conveyed to the Buyer. 5. The sale of this property is subject to any and all easements of record. 6. Property sells with a 7% buyers premium. 7. Buyer and Sellers will enter into a standard format Contract for the Sale of Real Estate on the day of auction. Contract will call for a 10% down payment in the form of a personal or corporate check, cashier’s check with the balance of the purchase price due, in certified funds, on or before the 10th of June, 2014. Contracts will contain no financing or inspection contingencies and Buyer must have their own financing and make their own inspections prior to bidding at this auction. Escrow payments will be made payable to Preferred Land Title in Laurie, Missouri. Seller will furnish title insurance in the amount of the selling price and deliver title by General Warranty Deed. Buyer will be responsible for their own mortgage policies of title insurance (if applicable). The 2014 taxes will be prorated. Customary closing fees will apply to both Seller’s and Buyer’s transactions. Informational title commitments reflecting the public record will be made available for potential buyer for review on day of auction or, by request, earlier. 9. Announcements made by United Country Missouri Land & Home and/or their auctioneers during the time of the sale take precedence over any previously printed materials or any other oral statements made. The sale will be controlled by the auctioneer. United Country Missouri Land & Home and/or the Auctioneers represent the Seller only. The only guarantee from the Seller is a valid, good and marketable title to the property. Neither the Seller nor United Country Missouri Land & Home or the Auctioneers or Associates are giving any warranties other than the Seller’s Title Warranty. The property is being sold subject to all easements, covenants, conditions, zoning and any other existing matters. If a tie or dispute occurs between two or more bidders, the Auctioneer may re-open the bidding at the Auctioneer’s sole discretion and shall serve as the sole arbiter as to who is or is not allowed to bid. The Auctioneer reserves the right to reject any bid which is only a fraction advance over the preceding bid, to regulate bidding and to accept or reject any or all bids. The Auctioneer reserves the right to enter bids on behalf of absentee/phone bidders as well as the Sellers. Any and all decisions of the Auctioneer regarding the conduct of the auction shall be final and absolute without liability to any party. INTERNET BIDDERS: Internet Buyers will be responsible for a 4% premium of the sales price at closing (this is in place of the on site bidders 3% buyer's premium). Neither the Auctioneer, United Country Missouri Land & Home, their Agents, nor the Sellers are responsible for dropped communication because of poor line condition. See Payment Instructions for more details for Internet Bidders.