Tract 2

1. All online bidders are required to register. The successful Buyers will be charged a 15% Buyer’s premium. 2. Jackson Real Estate and Auction will charge your credit card in the amount equaling 10% of your contract price if you are the successful bidder. Bid price plus buyer’s premium equals contract price. This charge secures your final bid and will be credited to the purchase agreement. The charge will be made immediately following the auction. All deposits are non-refundable except for default by the seller. 3. If you are the successful bidder you will be required to execute a written purchase contract conforming to the terms and conditions of the sale. 4. Time is of the Essence in the closing of this transaction. Closing shall be within 30 days of contract date and balance is due in full. 5. The property is being sold with good title and clear of all liens. Property taxes will be prorated on day of closing. 6. All property is sold as-is where-is day of sale. There are no warranties expressed or implied. By bidding, , the buyer hereby agrees that he/she has made all inspections and is satisfied with the condition of the property and excepts the property in as is condition. Acreage amounts are based upon the survey provided by Billy Knight Surveyor and or courthouse records and are believed to be correct; however, purchaser shall have the sole responsibility to confirm all calculations prior to the auction. 7. By bidding today the buyer hereby waives all financial contingencies and acknowledges that the buyer has the necessary funds to close. 8. Confirmation of Agency Status: Jackson Real Estate and Auction hereby discloses that they are acting as agents for the seller. Buyer acknowledges by their acceptance of these terms and conditions that this disclosure has taken place prior to their bid. 9. In the event of any dispute before, during, or after the sale, the auctioneer’s determination shall be conclusive and final. In the event of a tie bid, where two people believe they each have the winning bid, the auctioneer will reopen the bidding. 10. Jackson Real Estate and Auction reserves the right to amend the terms and conditions in order to protect the integrity of the auction process as well as protect all buyers and sellers. Announcements made from the auction block will take immediate precedence over any and all previously written advertisements and other representations. 11. Live and online bidding will begin at approximately 10:30 AM Eastern Standard Time. 12. Auctioneer reserves the right to sell one or both tracts prior to Auction providing that the Sellers approve the offer. 13. This is an absolute auction. There are no minimum or reserve price established. 14. Jackson Real Estate and Auction, Firm # 2789, is providing internet or online bidding as a service to Bidder. Bidder acknowledges and understands that this service may or may not function correctly during this auction process. Under no circumstances shall Bidder have any kind of claim against Jackson Real Estate and Auction or its associates or any other firm or agent if the internet or telephone service fails to work correctly. Jackson Real Estate and Auction will not be held responsible for any missed bids from any source. If you need assistance Monday through Friday 9 am to 5 pm, please call us at 1-800-360-5263. Please ask for Vann Stockwell. You may email us at: Auctions@JacksonJackson.com