AUCTION TERMS AND CONDITIONS
BLACKSBURG, VA - 8 +/- ACRE COMMERCIAL LOT
National Land Realty Auction Division and Broker Joel King have contracted with the "Seller" WTB Partnership to offer to sell at public auction certain real property. National Land Realty includes but is not limited to its agents, auctioneers, brokers, contractors, and employees. These following terms, plus any additions, deletions and/or revisions announced by National Land Realty or its Auctioneer before the commencement of the auction, represent the exclusive terms for the Auction.

1. AUCTION FORMAT: This is a reserve online auction through National Land Realty. The decision of National Land Realty is final regarding all matters that arise during or after the auction. National Land Realty reserves the right to preclude anyone from bidding if there is any question as to the potential Bidder/Buyers credentials, fitness to bod or ability to perform. Bidder shall not retract any bid.
2. REGISTRATION: Auction registration will be through National Land Realty. Full description of the registration process will be detailed in the Property Auction Packet, through its website of auctions.nationalland.com or a representative of National Land Realty.
3. AGENCY: National Land Realty is acting as an agent for the Seller. No third-party broker is acting as a sub-agent of National Land Realty.
4. PROPERTY: The property is described in the Property Auction Packet, a copy which is available from National Land Realty through a representative or its website of auctions.nationalland.com.
5. CONDITIONS: The property will be offered for sale and conveyed subject to all conditions, covenants, deeds, easements, reservations, rights of way, title exceptions and matters of record. All boundary lines noted in aerials, maps or pictures shall be considered estimates and not relied on as legal documents or descriptions and are provided as a courtesy to bidders. Total acreage is an estimate from county tax
records unless a certified survey has been provided through the Property Auction Packet. National Land Realty and Seller do not guarantee, represent, or warrant their accuracy or completeness. If the property contains any buildings/structures built prior to 1978; it may contain lead-based paint. This information will be disclosed in the Property Auction Packet, and any disclosures will be executed with a Sales Contract.
6. POSSESSION: Possession will be granted at closing or such other date agreed to by all parties. Possession will be immediately upon closing.
7. DUE DILIGENCE: All bidders shall make an informed decision about the auction and the property before making a bid. Bidder shall obtain professional advice and conduct any due diligence on the Property, Title Opinion/Report (available through National Land Realty), information contained in the Property Auction Packet, public records, Terms of Auction, Sales Contract (copy available through National Land Realty) and all circumstances, defects, facts, issues, issues, problems, or other relevant matters. Collectively known n as property issues. All information provided by National Land Realty was provided by the Seller and believed to be accurate, but neither National Land Realty or the Seller guarantees represents or warrants its accuracy or completeness, and Bidder should not rely upon it without independent inspection and verification from sources Bidder knows to be reliable.
8. APPROVAL OF BIDS: Final sale is subject to Sellers approval.
9. DEPOSIT: Buyer shall pay 5% of the auction sales price as a non-refundable deposit to the escrow Account
of Chicago Title, 2365 Northside Dr 6th FL Sand Diego CA 92108. Payment is due at time of execution of the purchase agreement. If for any reason Buyer fails to timely execute the Sales Contract or pay the deposit, Seller has the sole discretion to {A} Pursue all legal and equitable remedies against the Buyer, or {B} Declare Buyer's bid to be immediately forfeited, null
and void, without any requirement of notice and immediately re-sell the Property to another Buyer.
10. SALES CONTRACT: This is a CASH SALE and not contingent upon any matter, including Buyer obtaining financing. Immediately upon the Seller's acceptance of a final bid, the highest bidder will execute a real estate purchase contract (which shall be available for all registered bidders prior to Auction) with the Seller through National Land Realty. The Terms of the Auction are incorporated into the Sales Contract which defines the entire agreement between the Seller and Buyer. Buyer shall execute the Sales Contract and no additions, deletions or revisions shall be permitted.
11. TITLE: A Title Opinion/Report for the property being auctioned will be available to registered bidders prior to the auction. Prior to Closing, a Title Opinion/Report will be issued for the purchase contract on the land being sold for the amount of the successful bidder's final purchase price. Title Insurance will be used as evidence of marketable title with the cost of the premium to be paid by the Buyer.
12. CLOSING: The balance of the purchase price will be payable at closing by guaranteed funds or by wire transfer at the direction of Chicago Title, 2365 Northside Dr 6th FL, San Diego, CA 92108. the closing agent. The cost of any escrow closing service will be split equally between the Buyer and Seller. Closing will be on or before 45 days after execution of the purchase contract.
13. CONVEYANCE: Unless otherwise specified, conveyance of the Property shall be made to Buyer by General Warranty Deed, in fee simple absolute.
14. PRE-AUCTION OFFERS: If an acceptable offer is submitted to the Seller during the Marketing Period, the Seller reserves the right to cancel the Auction at their discretion.
15. GOVERNING LAW: Any Auction matter and the Sales Contract shall be governed by the laws of Virginia.
16. DISCLAIMER: Participation in the Auction is a Bidder's sole risk and the Seller and National Land Realty including their agents, auctioneer, contractors, and employees shall have no liability on any basis. The Property will be offered in
17. AS IS, WHERE IS condition. Seller and National Land Realty unconditionally disclaim any guarantee, representation, or warranty of every kind, whether expressed, implied or statutory, whether oral or written, whether past, present, or future with respect to all Property Issues, except those provided in the Terms of Auction and the Sales Contract.
18. ANNOUNCEMENTS: The information contained herein has been obtained from the Seller and other sources deemed reliable. National Land Realty has no reason to doubt its accuracy but will not guarantee it. The Seller and National Land Realty assume no liability for omissions to, corrections or withdrawals of such information. Prospective Buyer should verify all information contained herein and int the Property Auction Packet. All Prospective Buyers are urged to fully inspect the property, its condition and to rely on their own conclusions. The Property is sold AS IS, WHERE IS. Any and all warranties including fitness for any particular purpose and are hereby expressly disclaimed. In no event shall Seller or National Land Realty be liable for any consequential damages. ANY SELLER APPROVED ANNOUNCMENTS MADE DURING AUCTION EVENT BY NATIONAL LAND REALTY OR ITS AUCTIONEER, WILL TAKE PRECEDENCE OVER ANY PRIOR WRITTEN, PUBLISHED, OR VERBAL INFORMATION PROVIDED OR STATED.
19. BUYERS PREMIUM: A buyer's premium of 5.0% will be added to the high bid and paid by the buyer at closing to establish the "Total Contract Price".
20. Make appointment to view the property by contacting:

Casey Reynolds Managing Broker
2920 West Broad St Richmond VA 23230
217 Main St. Oak Hill WV 25901
Office: 804-409-2483
Cell: 540-577-4249
creynolds@nationallandrealy.com
www.NationalLand.com

ONLINE AUCTION - PRIME 8� ACRE DEVELOPMENT OPPORTUNITY ADJACENT TO LEWISGALE MONTGOMERY REGIONAL HOSPITAL National Land Realty is Selling at Online Auction! Don't miss this exceptional opportunity to acquire approximately 8� acres of prime commercial development land located within a designated Montgomery County Urban Development Area. Positioned directly adjacent to Lewis Gale Montgomery Regional Hospital on highly traveled US 460 Business, this property offers outstanding visibility, accessibility, and development potential. The property currently includes three residential homes but is ideally suited for redevelopment. Potential uses include medical office buildings, healthcare-related facilities, physician practices, outpatient services, assisted living, multifamily housing, student housing, mixed-use development, retail, hospitality, professional offices, and other commercial ventures, subject to applicable zoning and approvals. Strategically located just outside the Town of Blacksburg limits, the property is only: " 1 mile from VCOM (Virginia College of Osteopathic Medicine) " 1 mile from the Virginia Tech Corporate Research Center " 1 mile from the Virginia Tech Montgomery Executive Airport " 3 miles from Virginia Tech's main campus " 2 miles from major Christiansburg shopping, dining, and retail corridors The location's proximity to the region's largest employers, medical facilities, educational institutions, and research centers creates tremendous opportunities for medical development, student housing projects, workforce housing, urban residential communities, mixed-use development, and investment-grade commercial projects. Additional adjoining properties may be available, offering the potential for a larger assemblage and expanded development footprint. Bid online and invest in one of Montgomery County's most desirable growth corridors. Contact us today for auction details, due diligence information, development opportunities, and bidding instructions.