TERMS AND CONDITIONS OF LIVE REAL ESTATE AUCTION: ABSOLUTE AUCTION, NO RESERVE. ALL BIDDERS MUST PRESENT IRREVOCABLE LETTER OF CREDIT FOR EARNEST MONEY DOWN PAYMENT PRIOR TO OBTAINING A BIDDER NUMBER UNLESS PREAPPROVED BY AUCTION COMPANY. ALL BIDDERS WILL BE REQUIRED TO REGISTER FOR THE AUCTION, 15% IRREVOCABLE EARNEST MONEY DUE AT THE CLOSE OF THE AUCTION BASED ON U.S. CURRENCY AND BASED ON THE PURCHASE PRICE IMMEDIATELY FOLLOWING THE AUCTION. SEE ADDITIONAL TERMS BELOW FOR ONLINE TERMS AND CONDITIONS, PRE-BIDDING WILL BE AVAILABLE ALONG WITH SIMULCAST INTERNET BIDDING. BALANCE DUE TO BE PAID IN CERTIFIED U.S. CURRENCY ON OR BEFORE THURSDAY, AUGUST 31ST 2017, 5:00 P.M. CLOSING WILL OCCUR THROUGH BLACK HILLS TITLE COMPANY, 1855 BALL PARK ROAD / PO BOX 909, STURGIS SD, 605 347-4402. BUYER AND SELLER TO SPLIT THE TITLE COMPANY COST OF CLOSING FEE AND TITLE POLICY FEE. PROPERTY SELLS IN AS IS/WHERE IS CONDITION. POSSESSION GRANTED AT CLOSING. SELLER TO PAY ALL 2016 AND PRIOR TAXES, 2017 TAXES WILL BE PRORATED TO DATE OF CLOSING BASED ON CURRENT TAX INFORMATION. PROPERTY WILL BE SOLD WITHOUT BUYERS CONTINGENCY OF ANY KIND, MAKE SURE YOUR FINANCIAL ARRANGEMENTS ARE IN ORDER BEFORE BIDDING. THIS IS A CASH SALE. POSSESSION WILL BE ON CLOSING. A TITLE INSURANCE POLICY WILL BE PROVIDED BY THE SELLER AND WILL BE AVAILABLE FOR BUYER INSPECTION BEFORE THE AUCTION. TITLE COMPANY CLOSING COSTS AND TITLE POLICY WILL BE SPLIT EVENLY BETWEEN BUYER AND SELLER. SELLER OWNED OIL, GAS, MINERALS AND SAND-ROCK-GRAVEL RIGHTS WILL BE TRANSFERRED TO BUYERS. ALL INFORMATION HAS BEEN ACQUIRED BY SOURCES DEEMED RELIABLE, HOWEVER NEITHER THE AUCTIONEERS, ASSOCIATED PERSONAL OR THE SELLER MAKE ANY WARRANTY OR GUARANTEES EITHER EXPRESSED OR IMPLIED. PROPERTY IS SOLD STRICTLY "AS IS-WHERE IS". THE AUCTION COMPANY REPRESENTS THE SELLERS IN THIS TRANSACTION. ANNOUNCEMENTS MADE SALE DAY TAKE PRECEDENCE OVER ANY PRINTED MATERIAL OR PRIOR REPRESENTATIONS. NEITHER THE SELLERS NOR THE AUCTION CO. ARE RESPONSIBLE FOR PRINTING ERRORS. CONTACT OUR OFFICE FOR DETAILS, GUIDELINES & FEE SCHEDULE FOR ONLINE BIDDING. THIS IS A PUBLIC AUCTION. THIS PROPERTY IS AVAILABLE TO QUALIFIED PURCHASERS WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, FAMILIAL STATUS, NATIONAL ORIGIN, OR PHYSICAL HANDICAP. ALL PROPERTY WILL BE SOLD ON LEGAL DESCRIPTION ONLY, PERIMETER FENCING OR EXISTING FENCES MAY NOT BE ON THE PROPERTY LINE DUE TO TERRAIN OR OBSTACLES. ADDITIONAL TERMS FOR ONLINE BIDDERS: ONLINE REAL ESTATE AUCTION TERMS & PAYMENT INSTRUCTIONS: ALL BIDDERS MUST REGISTER TO BID. ALL FUNDS ARE BASED ON U.S. CURRENCY. PLEASE CONTACT THE AUCTION COMPANY FOR BIDDING INSTRUCTIONS. ALL BIDDERS MUST PRESENT IRREVOCABLE LETTER OF CREDIT FOR EARNEST MONEY DOWN PAYMENT PRIOR TO OBTAINING A BIDDER NUMBER UNLESS PREAPPROVED BY AUCTION COMPANY. SUCCESSFUL BUYER MUST SIGN CONTRACT AND MAKE A 15% DEPOSIT IN U.S. CURRENCY NO LATER THAN 24 HOURS FROM CLOSE OF THE LIVE/SIMULCAST AUCTION JULY 26, 2017 15% DEPOSIT FUNDS CAN BE WIRED OR A PERSONAL CHECK CAN BE DELIVERED TO UNITED COUNTRY - BERTOLOTTO REAL ESTATE & AUCTION INC. 1102 JUNCTION AVENUE, STURGIS SD 57785.FOR PRE-REGISTRATION, BIDDING PACKET, AND ROUTING INSTRUCTIONS CONTACT UNITED COUNTRY - BERTOLOTTO REAL ESTATE & AUCTION INC. 1102 JUNCTION AVENUE, STURGIS SD 57785, 605-720-2021. ANNOUNCEMENTS AT TIME OF SALE SUPERSEDE ALL ADVERTISING. AUCTION PRE-BIDS OPEN TO THE PUBLIC JULY 1ST, 2017 AND CLOSES JULY 26TH 2017 AT CLOSE OF LIVE AUCTION. THIS IS A CASH SALE, NO FINANCING CONTINGENCIES. MAKE YOUR FINANCIAL ARRANGEMENTS PRIOR TO THE DAY OF SALE AND BE PREPARED TO BUY. BIDDER AGREES THAT PROPERTY IS SOLD IN AS IS CONDITION AND BUYER ACCEPTS PROPERTY IN AS IS CONDITION. UNDER NO CIRCUMSTANCES SHALL BIDDER HAVE ANY KIND OF CLAIM AGAINST UNITED COUNTRY-BERTOLOTTO REAL ESTATE & AUCTION OR ANYONE ELSE IF THE INTERNET SERVICE FAILS TO WORK CORRECTLY. NEITHER THE SELLER NOR THE AUCTION COMPANY IS RESPONSIBLE FOR THE LOSS OF INTERNET CONNECTIVITY. IN THE EVENT THAT THE HIBID WEBSITE SUFFERS TEMPORARY FAILURE, AUCTION WILL NOT BE POSTPONED. BERTOLOTTO REAL ESTATE & AUCTION INC. WILL NOT BE RESPONSIBLE FOR ANY MISSED BIDS FROM ANY SOURCE. INTERNET BIDDERS HAVE THE OPTION TO USE THE PROXY-BIDDING FEATURE AND LEAVE THEIR MAXIMUM BID. ALL PROPERTY IS SOLD "AS IS", AND ALL SALES ARE FINAL. PROPERTY IS AVAILABLE FOR INSPECTION AT BUYER'S DISCRETION OR BY APPOINTMENT. IT IS THE BIDDER'S RESPONSIBILITY TO DETERMINE CONDITION, VALUE OR ANY OTHER DETERMINATIVE FACTOR. BIDDER SHALL BE THE SOLE JUDGE OF VALUE. BIDDERS WHO DO NOT PREVIEW UNDERSTAND AND ACKNOWLEDGE THAT THEY MAY NOT BE ABLE TO INSPECT PROPERTY AS WELL AS IF THEY EXAMINED IN PERSON. IT IS THE BIDDER'S SOLE RESPONSIBLY TO PERFORM DUE DILIGENCE TO DETERMINE CONDITION, VALUE OR ANY OTHER DETERMINATIVE FACTOR. PLEASE CONTACT BERTOLOTTO REAL ESTATE & AUCTION INC. FOR ADDITIONAL INFORMATION, PAYMENT INSTRUCTIONS AND INSPECTION APPOINTMENTS.