AUCTION TERMS

LIVE AUCTION DATE: March 31, 2026 - 6 pm

PROPERTY LOCATION: 6783 W. 300 S., Jamestown, IN 46147

PARCEL: 06-05-24-000-009.001-008

LEGAL DESCRIPTION: A part of the northwest quarter of Section 24, Township 18 North, Range 2 West, Jackson Township, Boone County, Indiana, more fully described by: north 89 decgrees 48 minutes 33 seconds east, along the section line and the approximate centerline of County Road 300 South, a distance of 228.33; thence south 00 degrees 24 minutes 15 seconds west, a distance of 953.92 feet; thence south 90 degrees 48 minutes 33 seconds west, a distance of 228.33 feet; thence north 00 degrees 24 minutes 15 seconds a distance of 953.92 feet to the point of beginning, containing 5.0000 acres more or less.

THIS PROPERTY is being offered upon the following terms and conditions:

This auction will take place on-site via Live Auction at the office of One Stop Auction Shop located at 905 Indianapolis Ave., Lebanon, Indiana 46052 on March 31, 2026 at 6 pm EST.

As a convenience to persons unable to attend the Live Auction, we are offering Online bidding as well.

Online Pre Approval will be available until Friday 27th.

A $10,000 deposit will be required for online bidders within 24 hours of auction end. The deposit may be in the form of a wire transfer or cashier's check.

1. By registering for this auction, you agree to the terms of the auction.

The Property is being offered absolute to the highest bidder. In addition to qualified registered bidders, the following parties retain the right to bid at the auction: any third party with a security interest in the Property; the Auction Company for proxy bidders; the Auction Company on behalf of the Seller; and the Auction Company for its own account.

2. The purchase price ("Purchase Price") of the Property will be calculated as follows: the bid price plus a Buyer's Premium of Ten percent (10%) of the bid price.

3. Within 24 hours upon completion of the auction, the high bidder (the "Bidder") will be required to remit a cashiers check or wire transfer payable to the contracted broker as a non-refundable minimum earnest money deposit of ten thousand dollars ($10,000). Within three (3) business days of accepted bid, the Bidder will be required to wire transfer, if applicable, an additional non-refundable earnest money deposit in an amount necessary to bring the total earnest money deposit to ten percent (10%) of the bid price with buyer's premium. The earnest money deposit(s) will be refunded only if the Seller is unable to deliver clean title.

4. Bidder shall have thirty (30) days after the auction to close on the Property. Seller shall determine the time and place of closing. If the Bidder is not ready to close within thirty (30) days of the auction, any extension, if granted by Seller, shall be conditioned on all prorations and adjustments being determined as of thirty (30) days of the date of the auction and the payment of an additional non-refundable deposit.

5. This sale is not contingent upon the ability of the Bidder to secure financing, sell another property or any contingencies whatsoever.

6. Bidder expressly warrants the purchase is being made in AS IS CONDITION and solely based upon Bidder's examination of the Property, and without any expressed or implied warranties of the Auction Company or it's representatives, or Seller. The Property is sold and the Bidder agrees to accept the Property in its present condition, AS IS, with all faults, in all respects, subject to utility easements, zoning ordinances, and any other restrictions of record. Seller is not responsible for any removal of trash, scrap, furniture, fixtures, chemicals or any other personal property and may become property of the Bidder. Bidder acknowledges the opportunity was afforded for physical, environmental, lead, radon or other inspections prior to execution of the auction and hereby waives any further right to additional inspections. No warranties as to physical condition, environmental condition, habitability, suitability to particular purpose, tenancies, or compliance with any laws, codes or ordinances, including those relating to water supplies and septic systems ("Deficiencies") are made by the Seller, unless specifically stated herein

7. Any inspections previously made by Bidder or his/her/their representatives were done at Bidder's expense and for his/her/their information only. Cost and responsibility for curing Deficiencies, if any, is the Bidder's, and the correction and cure of any Deficiencies shall not be a condition of this sale or in any way affect Bidder's obligations under this Contract.

8. Utilities, rents and any other matters appropriate for prorating and adjustment shall be prorated between the Seller and the Bidder to the date of closing. Any installments for local improvements not due and payable at the time of closing shall be paid for by the Bidder as they thereafter become due. The Property taxes prior to closing, will be paid by the Seller; Real Estate taxes due and payable after closing will be the responsibility of the buyer. Bidder should not rely solely on past property taxes as a guide to future property assessments and taxes as Indiana property tax laws have been subject to significant change in the recent past. Closing fees, if any, will be shared equally between Seller and Bidder except for those fees specific to Seller or Bidder, i.e. recording fees. The buyer will be responsible for any needed surveys at their cost.

9. If prior to Closing Date condemnation proceedings are commenced against any portion of the Property, Purchaser shall have the right to appear and defend in such condemnation proceedings, and any award in condemnation become the property of Purchaser and the purchase price shall not be reduced.

10. Risk of loss by damage or destruction to the Property prior to the closing shall be borne by Seller. In the event any such damage or destruction is not fully repaired prior to closing, Purchaser, at its option, may either (a) terminate this Agreement, or (b) elect to close the transaction, in which event Seller's right to all insurance proceeds (if any) resulting from such damage or destruction shall be assigned in writing by Seller to Purchaser.

11. The Seller shall be required at his own expense to furnish to the Bidder prior to the date of closing, a preliminary binder of title insurance by a recognized title company, showing insurable title to the Property. At the time of closing herein, the Seller shall tender to the Bidder an insurable deed to the Property free and clear of all liens and encumbrances except for easements, restrictions and covenants of record together with an owner's policy of title insurance. The title company will be selected by the Seller and shall act as closing agent with respect to the closing of this sale.

12. The Auction Company was retained by the Seller and has functioned throughout the transaction as an agent for the seller exclusively. I.C. 25-34.1-10-9.5 provides that the Licensee (Auction Company) has an agency relationship with, and represents the interests of the Seller as Seller's agent to sell the Property. Auction Company owes duties of trust, loyalty, confidentiality, accounting and disclosure to the Seller. However, Auction Company must deal honestly with bidders and disclose certain information to the bidders about the Property. All representations made by Auction Company about the Property are made as the agent of the Seller.

13. If the Bidder fails to comply with the sale terms, any and all Deposits made on account hereof shall be forfeited. The Seller shall be entitled to pursue all other available legal and equitable remedies against Bidder, including but not limited to holding Bidder liable for any deficiency resulting from a subsequent resale.

14. In the event of any litigation arising out of this sale or any breach thereof, the successful party in any litigation shall be entitled to attorney fees and all costs of litigation. Any legal proceedings would be held in Boone County, Indiana.

15. Bidder acknowledges that the auction and auction site may pose obvious, hidden, and unknown dangers, defects, and other perils. Bidder agrees to assume the risk of all injury, loss, and/or death from any cause whatsoever, and to indemnify Auction Company and Seller and hold them harmless for any injury, death, or other damage to person or property while attending the auction or at the auction site.

16. The sale will be governed by, and construed in accordance with, the laws of State of Indiana.

17. Upon winning bid, winning bidder agrees to immediately execute a Purchase Agreement in accordance with these terms.

Country Estate on 5 Acres Live and Online Auction March 31, 2026 - 6 pm EST Property Location: 6783 West 300 South Jamestown, IN 46147 1 Mile outside of Advance Auction Location: 905 Indianapolis Ave. Lebanon, IN 46052 Open Houses: Feb. 28th 1:00 - 2:00 PM EST March 24th: 6:00 - 7:00 PM March 30th - By Appointment 5 +/- Acre Property on Paved Road Pond 1500 sf Manufactured Home Block Foundation Crawl Space Open Living Room / Dining Room Kitchen / Breakfast Nook Pantry 3 Bedrooms 2 Full Bathrooms Media / Office Room Refrigerator Washer / Dryer Dishwasher 200 Amp Service Central Heat / Propane Heat Electric Water Heater Whole Home Generator Shed with Open Lean To So much potential for this property. Great open spaces, wonderful neighbors and open space all around. Please read terms and conditions. For more information: (317) 758-7467 ask for Tom or Mitchell sales@onestopauctionshop.com Auction Company: AC31600008 Auctioneers: Mitchell Williams AU12100005 Charles E Hunt AU19400046 Broker: Kenny Booth RB14027462