AUCTION TERMS 

Each auction will open at 10am on January 12 , 2026 th Auctions will close on a staggered schedule as follows on January 16 , 2026 th Tract 8: Bidding concludes at 10am with a soft closing. Tract 9: Bidding concludes at 11am with a soft closing. Tract 10: Bidding concludes at 12 Noon with a soft closing. Tract 11: Bidding concludes at 1pm with a soft closing. Tract 12A: Bidding concludes at 2pm with a soft closing. Tract 13: Bidding concludes at 3pm with a soft closing. Your bid is not subject to financing or any other contingencies. Seller has the right to accept or reject the final bid by 5pm January 16th, 2026. Interested parties to register for the auction at www.spencergroups.com and submit a bank letter of creditworthiness to the Spencer Groups office by contacting 712-644-2151. If the final bid is accepted, buyer of each tract to place a 10% non-refundable earnest deposit in the Telpner Peterson Trust Account, where it will be held until closing. Seller will provide an updated abstract on each tract. Buyer to provide a title opinion rendered by the attorney of the buyers choice, at the buyers expense. Each party will be responsible for normal closing costs associated with closing a real estate transaction. Closing on each tract will be on or before February 16th, 2026. Seller has terminated the 2025 tenant. Seller retains 100% of the 2025 cash rent. Buyers will receive full possession and full farming rights on March 1, 2026. AGENCY: Spencer Groups, INC/Ed Spencer Real Estate/Farms America, INC, its agents and its associates, are agents for, and represent the SELLERS in this transaction. All bidders will be considered customers, not clients. Larson Wonder Valley/Larson Wonder Ridge, Owners Ed Spencer, Broker, Auctioneer - 402-510-3276 for more information