By participating in this auction, the bidder agrees to the following terms and conditions:

BIDDER REGISTRATION: Bidders must register on the auctioneer’s (James G. Murphy Co.) website prior to bidding.

BUYER’S PREMIUM: There will be a thirteen percent (13%) Buyer’s Premium added to the winning bid price to arrive at the total contract price to be paid by the Buyer.

PROCEDURE: The property (approx. 32.7 acres) will be offered in one auction lot.

ACCEPTANCE OF BID PRICE: Seller reserves the right to accept or reject any and/or all bids.

AGREEMENT OF PURCHASE AND SALE: The Purchaser shall execute an Agreement of Purchase and Sale, in the form provided by the auctioneer, without modification, on March 23rd, 2022, after the bid is accepted by the seller.

EARNEST MONEY: The Purchaser shall pay an amount equal to 10% of the total contract sales price when executing the agreement of purchase and sale (see PSA). The balance of funds will be due in full at the time of closing on or before May 23, 2022, at First American Title.

NO FINANCING OR OTHER CONTINGENCIES: Property is sold without financing contingencies. It is the responsibility of the buyer to inspect the property prior to sale to satisfy himself or herself as to its condition, value and fitness for intended purpose.

ESCROW AGENT: The earnest and purchase monies in respect of the property shall be paid to and deposited with First American Title.

DEED: At closing, Seller shall execute a Special Warranty Deed sufficient to convey the real estate to Buyer or its nominee, in fee simple absolute, subject only to exceptions permitted herein, to be delivered to Buyer at the closing of this transaction upon Buyer's compliance with the terms of this Contract.

CLOSING: The balance of the purchase price shall be paid at or before closing. Closing shall take place on or before May 23, 2022. The Escrow Agent will schedule and conduct closing.

TITLE: Seller shall provide an Owner's Policy of Title Insurance in the amount of the purchase price and shall execute a Special Warranty Deed conveying the real estate to the Buyer(s). Seller shall pay the premium of the title insurance policy.

CLOSING COSTS: At closing, Seller shall pay for its escrow and closing fees, and all of the costs for preparation of all documents to convey the property. At closing, Purchaser shall pay for its escrow and closing fees, any and all recording fees, and all other sale, financing or closing fees as required. Taxes, irrigation assessments and association fees, if any, shall be prorated to the date of closing.

POSSESSION: Purchaser will receive possession at closing, subject to the rights of parties in possession, if any.

AS-IS SALE: With the exception of any warranties of title made to the buyer in the Deed, if any, the Property will be sold in its “AS IS, WHERE IS” condition without any representation or warranty of any kind, whether express or implied, on the part of Seller. Seller shall not be responsible for any claim or damage arising from a misrepresentation about the property made by Auctioneer, unless Auctioneer reasonably made the misrepresentation in reliance on Seller’s written statement about the property. The purchaser shall have satisfied himself as to the location and condition of the property, and all descriptions thereof, before bidding. All information contained in the brochure and all promotional materials, including, but not limited to, square footages, acreage, dimensions, maps, taxes, etc., was derived from court house records and is believed to be correct; however, neither the seller nor the auctioneer makes any guarantee or warranty as to the accuracy or completeness of such information

NO NEW SURVEY: The property will be conveyed according to the existing legal description.

AGENCY: James G. Murphy Co., and its representatives are exclusive agents of the Seller and are agents of no other party to this transaction.

MISCELLANEOUS: All decisions of the auctioneer are final as to the methods of bidding, disputes among bidders, increments of bidding and any other matters that may arise before, during, or after the auction. Seller reserves the right to deny any person the right to participate in the auction or to ban anyone from the auction who attempts to disrupt it.

SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, James G. Murphy Co. reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor JAMES G. MURPHY CO. SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information as deemed necessary by James G. Murphy Co.

AGE REQUIREMENT: All bidders must be 18 years of age or older.