ONLINE BIDDING AVAILABLE FOR ABSANTEE BIDDERS.

Beef House Restaurant

16501 N, IN-63, Covington, IN 47932

For additional information contact:

Travis M. Selby

Land Broker and Auctioneer

217.304.1686

IN Auctioneer # AU1070091

Stephanie Spiros

Owner and Managing Broker

217.304.0404

Auction terms and conditions:

Online Bidding Procedure: The online pre-bidding begins Monday, February 6th, 2023, at 8:00 AM closing Thursday, February 9th, 2023, at the close of live the event.

You must pre-register to bid online.

Procedure: The property will be offered as 13 individual tracts and any combination of tracts except for T1 and T5. T1 and T5 are standalone tracts. They can only be bid on individually. The auction will be conducted publicly with online bidding available for pre-registered online bidders. Bidding shall remain open until auctioneer announces bidding closed.

BIDDING IS NOT CONDITIONAL UPON FINANCING.

Acceptance of Bid Prices/Contracts: Sale is subject to the Sellers' final confirmation. All successful bidders will sign a sale contract at the auction site immediately following the close of the bidding.

Down Payment: A 10% earnest money deposit of the total contract purchase price will be due immediately after being declared the buyer. The down payment may be paid in the form of a personal check, business check, or cashiers check. The balance of the contract purchase price is due at closing.

Closing: Closing shall take place 62 days after auction day, or as soon thereafter as applicable closing documents are completed.

The anticipated closing date shall be Tuesday, April 12th.

Possession: Possession will be given at closing. Farm operators will have the right to enter the farm upon the deposit of the 10% down payment allowing the operator the right to perform

customary tillage / fertilizer application / planting.

Survey: Survey for tracts 1,2,3,4,6,7,8,9,10,11,12 and 13 shall be provided by seller. The type of survey performed shall be at the sellers option and sufficient for providing title insurance.

T5 will be sold per deeded acre. Seller of T5 shall not provide a survey, and the sale T5 shall not be subject to a survey. T5 acreage is approximate and has been determined by deeds, legal description, and aerial photographs.

Title: Sellers shall provide an Owners Policy of Title Insurance in the amount of the purchase price and shall execute a warranty deed conveying to the buyer(s). Sellers shall pay the premium for the Title Insurance Policy and the sellers search charges. Commitments for Title Insurance will be available for review at the office of the auctioneer and at the auction site. Bidders shall be deemed to have reviewed and approved the Title Commitments by submitting bids.

Real Estate Taxes and Assessments: Seller shall pay 100% of the 2022 real estate tax due and payable 2023.

Buyer shall be responsible for 100% of the 2023 real estate tax due and payable in 2024.

Mineral Rights: The sale of the property shall include all mineral rights owned by the seller.

Agency: Ag Exchange Inc. and their representatives are exclusive agents of the Seller.

Disclaimer and Absence of Warranties: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the sales contract.

ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

The property is being sold on an as is basis, and no warranty or representation either expressed or implied, concerning the condition of the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries and due diligence concerning this property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the sellers or the auction company. All sketches and dimensions in this brochure are approximate. Photographs are used for illustrative purposes only. Conduct at the auction and increments of the bidding are at the discretion of the auctioneer. The sellers and the auction company reserve the right to preclude any person from bidding and to remove any person from the auction if there is any question as to the persons credentials, fitness, conduct, etc. All decisions of the auctioneer are final.

Sellers: Winterberg, LLC owner of tracts 1,2,3,4,6,7,8,9,10,11,12 and 13.

VLF Enterprises owner of T5.