Online Auction Bidders Agreement

THIS IS A LEGALLY BINDING DOCUMENT. IF YOU DO NOT UNDERSTAND THE TERMS AND CONDITIONS AS SET FORTH HEREIN, PLEASE CONSULT AN ATTORNEY PRIOR TO SIGNING.

I ________________________________ (Buyer) agree to immediately enter into the Real Estate Auction Purchase Contract approved by Seller, if I am declared the high bidder (winning bidder) by the auctioneer during the following auction: 23295 NW T Road, Jetmore, Kansas 67854

Legally Described as:

Tract 1:
Southeast Quarter (SE/4) of Section Thirty-one (31), Township Twenty-one (21) South, Range Twenty-four (24) West of the 6th P.M., Hodgeman County, Kansas.

Tract 2:
Northwest Quarter (NW/4) of Section Thirty-two (32), Township Twenty-one (21) South, Range Twenty-four (24) West of the 6th P.M., Hodgeman County, Kansas.

Bidding Open & Close Dates/Times:
Online Bidding Opens on Tuesday, February 1st, 2022 at 6:00pm CT
Online Bidding Closes on Wednesday, March 2nd, 2022 at 6:00pm CT

By signing below, I agree that I have read and fully understand the Online Auction Bidders Agreement and the Terms and Conditions of this auction.

I fully understand and agree that an Online Auction Bidders Agreement MUST be signed and returned to the auction company, prior to being allowed to bid in the Online Auction. As a bidder, it is solely my responsibility to contact the auction company at (877) 318-0438 with any questions regarding the auction, purchase agreement, or terms & conditions, prior to placing any bids in said auction.

Online Auction Terms & Conditions

1. Seller's Confirmation: The property is being offered in an Online Only Auction, with all bids being subject to approval by Seller.

2. Auction Bidding Registration: Online bidder hereby acknowledges that they must be properly registered for the online auction by completing and signing the (Online Auction Bidders Agreement), which will be sent by email via DocuSign. Upon completing this registration form and receiving approval, bidding privileges will be turned on. If you need assistance with registration, you may contact Lucinda Terrel at (816) 420-6257 or by email at Lucinda@BuyHeritage.com. Seller(s) may at their sole discretion request additional registration requirements from any bidder unknown to them or the auction company.

3. Bidding Opens/Closes: The Online Only Auction (i.e. Internet Auction) bidding shall be opened and begin closing on the dates and times stated above.

4. Property Preview: It is highly recommended that all bidders personally inspect the property prior to placing any bids in the auction. Property inspections are the sole responsibility of the bidders and can be conducted during the property preview dates as advertised. The property may also be inspected by scheduling an appointment with the Auction company at (877)318-0438.

5. No Financing Contingency: By participating in this auction, bidders hereby agree that their bid shall NOT be subject to the bidder's ability to obtain financing. By placing a bid in this auction, bidders are making a "cash offer" to purchase the property and financing is NOT a contingency in the purchase agreement.

6. Buyer's Premium: A THREE Percent (3%) Buyer's Premium shall be added to the final bid price place online, which will determine the Total Contract Sales Price. Bidders hereby understand that the Buyer's Premium shall be added to the winning bid to create the Total Contract Sales Price for which they are obligated to pay for the property. Example: (winning online bid $100,000 + 3% buyer's premium = total purchase price of $103,000).

7. Purchase Contract: Winning bidder hereby agrees to enter into a Contract to Purchase the property immediately upon being notified of the Seller's acceptance of their winning bid. Upon the close of the auction the winning bidder will be forwarded via email the Auction Real Estate Sales Contract to purchase the property. A signed copy of the Auction Real Estate Sales Contract must be received by the Auction Company (Heritage Brokers & Auctioneers) within 24 hours from the time said Purchase Contract was sent to the winning bidder. The Auction Real Estate Sales Contract will be sent using Docusign for electronic signature. A copy of the Auction Real Estate Sales Contract is available for review online prior to placing any bids in the auction.

8. Down Payment: A non-refundable down payment of Ten Percent (10%) of the total contract purchase price will be wire transferred or hand delivered in the form of certified funds to the Title Company no later than 48 hours following the close of auction. See closing agents contact information below. The balance of the purchase price will be due in full at closing.

9. Closing: Closing shall be on or by April 1st, 2022. Closing shall take place at High Plains Title, LLC, 107 Gunsmoke, Dodge City, KS 67801. Closing Agent is Mitch Little and their phone number is 620-225-6574, email is mitch@hplt.net. Out of state buyers will be afforded the opportunity to close via email, mail and wire transfer of certified funds.

10. Easements: The sale of the property is subject to any and all easements filed of record.

11. Minerals: TRACT 1: 50% of the mineral rights owned by sellers shall transfer with the surface.
TRACT 2: Sellers do not own any mineral rights, sells surface only.

12. Survey: No survey is required to transfer title to the property and the Seller shall not provide any additional survey. If the Buyer desires a survey, it shall be at the Buyer's sole expense and shall not be a contingency or requirement in the purchase contract.

13. Possession: Possession of the property will be given upon payment in full of the purchase price and transfer of title, at closing.

14. Title: Seller shall provide a Preliminary Title Commitment for the property being sold. Buyer shall pay for the issuance of the Title Policy for the property being sold and transferred. Seller shall execute a Warranty Deed conveying the property to the buyer(s).

15. Taxes: Seller shall pay any previous years taxes (if due), and the current year's real estate taxes shall be prorated to the date of closing.

16. Online Auction Technology (Disclaimer): Under no circumstances shall Bidder have any kind of claim against United Country Heritage Brokers & Auctioneers, Broker of record, or anyone else, if the Internet service fails to work correctly before or during the auction. Online bidding is subject to technology faults and issues which are outside the control of the auction company. Bidder(s) are encouraged to use the "Maximum Bid" feature on the bidding platform and lock in their maximum bid amount, if they are concerned about technology failure during the auction. The SELLER and/or Auction Company reserves the right to (pause) the online auction bidding in the event of any internal or external technology failure, to preserve the integrity of the auction event and maintain a fair and impartial bidding environment.

17. Soft Close: If a bid is received within the last 3 minutes of the auction, the auction close time will automatically extend 3 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates "snipers" and encourages fair and impartial bidding from all participants.

18. Disclaimer: All information provided is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. Information is subject to change without notice. There are no warranties either expressed or implied pertaining to this property. Real estate is being sold "As-Is, Where-Is" with NO warranties expressed or implied. Please make all inspections and have financing arranged prior to the end of bidding. The Auctioneer reserves the right to bid on behalf of the Seller up to, but not beyond the Seller's reserve price (if applicable). The property is available for and subject to sale prior to auction. By participating in this auction, Buyers hereby acknowledge that any bid(s) placed by them is a binding agreement to purchase the property, subject to the bid being approved by Seller (if applicable).

19. Pre-Auction Offers: As an agent for the Seller, the Auctioneer must present any and all bona fide written offers to the Seller, which may be created outside of the online bidding platform. Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all of the auction terms and conditions, and must be submitted to the Auctioneer on the Auction Real Estate Sales Contract, along with the required earnest deposit. Properly submitted offers will be presented to the Seller in a timely manner. Seller may accept or reject such offer at their sole and absolute discretion. When a pre-auction offer is submitted, all properly registered online bidders will be notified that "an offer" has been submitted and on which specific property, however the amount of the offer shall remain confidential. All pre-auction offers must allow a minimum of 24 hours for seller's acceptance.

ONLINE ONLY AUCTION Marvin & Vivian Becker Trust 317+/- ACRE FARM * OFFERED IN 2 TRACTS * HOME * BARN CATTLE GRAZING * CRP INCOME * INCOME / INVESTMENT Online Bidding Closes: Wednesday, March 2nd, 2022 @ 6:00 PM (CST) Register & Bid Online: www.bidheritage.com Property Preview: The property will be available for inspection on the following dates: January 22, 2022 from 12:00 - 2:00pm. February 12th, 2022 from 12:00 - 2:00pm. Contact the auction manager, Darrin Addison at (620) 338-0894 for any questions. Property Address: 23295 NW T Road, Jetmore, Kansas 67854. Directions: From the intersection of SH 156 and 283 in Jetmore, KS go 5 miles north on SH 283, then west 3 miles on R Rd., then north 2 miles on 215 Rd., then west 1.5 miles on T Rd., into the property. (Watch for signs). Legal Description: 317+/- acres offered in the following described tracts. TRACT 1: The NW/4 of Sec. 32-21S-24W in Hodgeman County, Kansas with home, barn and corrals. TRACT 2: The SE/4 of Sec. 31-21S-24W in Hodgeman County, Kansas General Description: This Hodgeman County farm consists of 317+/- acres with a country home and barn. The farm offers 123 +/- acres enrolled in CRP and sufficient grass pasture to support cattle grazing, making this a well balanced rural investment property. The home is approximately 896 sq.ft. of living area with 2 bedrooms and 1 bath. Outside the home, there is a small shed, nice sized barn, and livestock corrals with a windmill. The pasture has a second windmill with a tank and a small pond below. The home is in good shape for the age and the property has been well cared for over the years. This is a working farmstead with a new Dakota Water Well, and it is ready for the new owner. Residence & Property Features: - 896 sq/ft. (m/l) ranch home - 2 Bedroom - 1 Bathroom - Kitchen - Unfinished basement - Move in ready - Barn 32 x 48 - Storage Building - New Dakota Water Well CONSERVATION RESERVE PROGRAM (CRP): TRACT 1: There are 61.37+/- acres in CRP that was re-enrolled on Oct 1, 2020 at a rate of $26.18 per/acre and an annual payment of $1,608 per/year. Said contract due to expire Sept 30, 2030. According to the Hodgeman Co, KS FSA Office the contract can be purchased and terminated for approximately $2,300. The terms of this should be verified by the buyer prior to bidding. TRACT 2: There are 62.40+/- acres in CRP and is due to expire Sept 30, 2023 at a rate of $44.98 per/acre and an annual payment of $2,807 per/year. FSA INFORMATION: According to the Hodgeman County, Kansas Farm Services Agency, there are 131.18 cropland acres in both farms combined. The cropland has been converted to grass with 123.77 acres currently enrolled in CRP. Check the attached documents for the base acres and yields on the FSA 156EZ form, and the CRP contracts. POSSESSION: To be given upon payment in full of the purchase price and transfer of title at closing. TAXES: The current year's taxes will be prorated to the day of closing. All previous years taxes will be paid by Seller. MINERALS: TRACT 1: 50% of the mineral rights owned by sellers shall transfer with the surface. TRACT 2: Sellers do not own any mineral rights, sells surface only. PERSONAL PROPERTY: The personal property owned and being retained by the Seller will be removed prior to time of possession. Any personal property remaining on site after closing and possession shall become the property of the buyer. AUCTIONEERS NOTE: These types of well balanced farms which have prior cropland/CRP, pasture, ranch home, barns, and livestock facilities do not come available at auction very often. If you're looking for a great Kansas investment farm make sure to check this property out. Contact the auction company with any questions regarding the farm or the online bidding process, by calling (877) 318-0438. SELLERS: Marvin and Vivian Becker Trust Auction Manager: Darrin Addison (620) 338-0894 Broker / Auctioneer: Shawn Terrel CAI, AARE, UCMA