At the conclusion of the auction the Winning Bidder will receive an email with a copy of all documents to sign. The Auctioneer or his representative will contact the Winning Bidder the morning following the auction to arrange a time to meet, if necessary. In any event, the contract signing, and deposit payment process must be completed within 48 hours following the auction conclusion. A Winning Bidder whose documents and deposit are not received within the required timeframe is subject to paying liquidated damages in the amount equal to the down payment and costs associated with acquiring the down payment (charged to the credit card used at registration) and will not be allowed to bid in any future Joe Ollis Real Estate & Auction, LLC auction events.

BIDDING PROCEDURES TO KEEP IN MIND:

1. All bidding is open and public and is being conducted online-only. You or your authorized representative must be registered online to bid. (If you need assistance placing an online bid or prefer to submit a bid in person please call our office for assistance 618-833-2227 or 800-272-9791.

2. Bidding will be based on the property as a whole. To place an online bid, bidders enter their "maximum" bid and click the "Place Bid" button. Each time that bidder is outbid by another bidder, the system will automatically bid on their behalf at the established bid increments up to their maximum. The system will not advance a bidder's own bid.

3. Online-only auctions utilize the "Soft Close" feature that automatically extends the bidding time if a bid is received in the last 2 minutes of the published bidding period. The extensions will continue until 2 minutes have lapsed without any bidding activity, at which time the auction is concluded.

4. Live Catalog: this is a special tile-based view that becomes available when the first lot of the auction is within 30 minutes of closing. The tiles are "live" meaning that they are receiving real-time updates. The times counts down, new bids & bid amounts get updated, the bidder's status updates (winning/losing), all without any manual refreshing.

5. When You Have Been Outbid: If you are outbid during the course of this auction, you will be notified by email, IF you have chosen this option when you registered. If you are outbid approaching the time of the auction beginning to end you may NOT receive your notification until after the auction ends. You can see if you are high bidder at any time using the "Watch List" feature; items which you have put on the Watch List will show winning bidder or outbid. Do NOT believe you are the winning bidder if you are unsure of your bid status, unless you receive an invoice from us. If it is prior to 4pm on the day, the auction begins to end, and you are still NOT clear email ollis@ollisauction.com your name and lot number and reason for the email or call 1-800-272-9794.

6. In the event of technical difficulties related to the server, software, internet or any other auction-related technologies, Joe Ollis Real Estate & Auction, LLC reserves the right to extend bidding, continue the bidding or close the bidding. Neither the company providing the software, nor Joe Ollis Real Estate & Auction, LLC shall be held responsible for the failure of the software to function properly for any reason.

7. Reporting Bidding Errors: You should carefully review every bid you choose to make before submitting that bid. The Auctioneer will not automatically assume that any bid was made in error. If you mistakenly increase your own bid at any time during the auction or make some other bidding error (e.g. placing your bidder number in the price field or too many zeros before the decimal point), you must immediately contact the Auctioneer email at ollis@ollisauction.com or call 618-833-2227 or Kara at 618-521-0525.

8. Bidder's Duty to Report Fraud: You are responsible for all bids made from your account. If you believe that an unauthorized person has gained access to your account, you must notify the Auctioneer immediately by sending an e-mail to ollis@ollisauction.com. You must also report the incident to the relevant law enforcement authorities and send the Auctioneer a copy of any resulting police report. You understand and agree that if you do not promptly report any suspected fraud to the Auctioneer and to the relevant law enforcement authorities, you will be held personally responsible for all purchases made using your account and bidder number.

9. Please note that in bid history the times are Eastern Standard Time. An example 8:08pm EST bid happens at 7:08pm CST.

Terms of Auction Outlined:

1. The Real Estate Consists of land, lots, and improvements located off Route 51 containing Approx. 92.37 Acres +/-. Identified by the three-county parcel #'s 12-14-400-002, 12-23-200-002, & 12-14-400-005.

2. Sale of said property is subject to any and all easements of record. The real estate is being sold subject to these limitations: State and federal regulations, restrictions as to use or improvements of premises, and any utility, roadway, railway, and gas line easements, and any other limitations, IF any.

3. Property is subject to all state and local zoning ordinances.

4. A buyer's premium of ten percent (10%) of the high bid shall be added to that bid and included in the total purchase price to be paid by the successful bidder(s). Sample calculation: High bid = $100,000 Buyer's Premium = $10,000 (10% of 100,000) Total Contract Price = $110,000

10. THIS AUCTION IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, IF needed. If you don't have your finances in order, we ask that you DON'T BID. Therefore, it is strongly recommended that potential bidders ensure in advance that they are able to obtain the necessary financing to close the transaction.

11. THIS AUCTION IS NOT CONDITIONAL UPON ANY TYPE OF INSPECTION. If you or any concerned party to the transaction need any type of inspection done, you may do so prior to bidding. So long as NO damage is done to the property and it remains in the same condition prior to the inspection.

12. Joe Ollis Real Estate & Auction, LLC are exclusive agents of the seller and reserve the right to control the size of bids for sake of speed and clarity.

5. The property is being sold on an "AS IS", "WHERE IS" basis, and no warranty or representation, either express or implied, concerning the property or its future use is made by Seller or Auction Company.

6. The Auction Company has posted such documents as Contracts for Sale of Real Estate, tax bills, aerial photographs, etc. The information in the auction advertising was obtained from sources believed to be accurate but is subject to verification by all parties relying on it. Aerial Photos, Images, and, Drawings: are for illustration purposes only and not surveyed boundary lines unless specified. No liability for its accuracy, errors or omissions is assumed by the Seller or the Auction company. All bidders are responsible for conducting their own inspections, investigations, inquiries and due diligence concerning the property. It is the responsibility of each bidder to review any new data, corrections, or changes of the property information prior to the start of the auction. Any professional reviews of documents should be undertaken PRIOR to bidding.

7. There are no leases or rents.

8. $10,000.00 will be due as a non-refundable down payment (earnest money) by close of business on the day following the auction, with the balance due at closing. The down payment (earnest money) may be paid in the form of a personal check, cash, or cashier's check. Down payment (Earnest Money) shall be made payable to Joe Ollis Real Estate & Auction, LLC.

9. Seller shall execute an appropriate warranty deed conveying the real estate to the buyer(s).

10. Both the Successful Bidder and Seller shall indemnify Joe Ollis Real Estate & Auction, LLC for and hold harmless Joe Ollis Real Estate & Auction, LLC from any costs, losses, liabilities, or expenses, including attorney fees resulting from Joe Ollis Real Estate & Auction, LLC being named as a party to any legal action resulting from either Bidders or Sellers failure to fulfill any obligations and undertakings as set forth in this contractual agreement. Any dispute between Joe Ollis Real Estate & Auction, LLC or the Sellers or their Agents or Representatives and the Buyer(s) will be (a) arbitrated in Union County, IL or (b) tried in a court of jurisdiction in Union County, Illinois at the discretion of both the Seller and Joe Ollis Real Estate & Auction, LLC.

11. Real Estate Taxes to be prorated to date of closing and shall be paid by the Seller in the form of a credit on the closing settlement statement to the buyer. The most recent tax figures available will be used to determine the amount of the credit. Back taxes, if any, will be paid by the seller. All subsequent real estate taxes shall be Buyer's responsibility.

12. Seller shall furnish the Buyer(s) at Seller's expense an Owner's Policy of Title Insurance, in the amount of the purchase price and agrees to provide and execute a proper deed conveying the property to the Buyer(s). Buyer(s) are responsible for paying for the search on themselves and the applicable taxes. Title insurance company for this real estate auction is Abercrombie Abstract, Inc. 2001 Poplar St, Cairo, IL 62914, (618) 734-0200.

13. The Closing Fee of the attorney or agent who acts as closing agent shall be split 50/50 between the seller & buyer. Deed and Ptax Prep will be furnished by the seller. The balance of the purchase price will be due at closing. Closing requirements will be as specified in the Contract for Sale of Real Estate. Possession will be given Date of Closing.

a. Closing to be on or before May 14, 2021, or as soon as applicable closing documents are completed.
b. Any personal property owned by the seller and left on the real estate will become the property and responsibility of the new buyer after closing date.

14. The failure by either party to exercise any right, power or option given hereunder, or to insist upon the strict compliance with the terms and conditions hereof by the other party, shall not constitute a waiver of the terms and conditions of this Agreement with respect to any other or subsequent breach thereof, nor waiver by such party of its right at any time thereafter to require strict compliance with all terms and conditions hereof.

15. Governing Law: These Terms and Conditions will be governed by and construed under the laws of the State of Illinois.

16. As exclusive agents for the Seller, the Auctioneer has a fiduciary obligation to present any and all offers to the Seller. Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all auction terms and be submitted to the Auctioneer on the Real Estate Sale Contract along with the required deposit. Properly submitted offers will be presented to the Seller, who may accept or reject such offer in their sole and absolute discretion.

Thank you for your interest in this property. If you have any questions, please feel free to talk to one of our representatives.

Approx. 92.37 Wooded Acres +/- Online Only Auction TBD US Hwy 51, Cairo, IL 37°01'34.0"N 89°11'09.8"W 37.026111, -89.186044 Begins to End March 31, 2021 Wednesday 6:30 pm To bid go to www.ollisauction.com Acres Total Approx.: 92.37 County Parcel #s 12-14-400-002, 12-23-200-002, & 12-14-400-005 Road Front Ft: 2,824.8 Feet Property Type: Lot & Land Features: Wooded Zoning: Industrial Sewer: Cairo Public Utility - Available Gas Company: Cairo Public Utility - Available Electric Company: Cairo Public Utility - Available Water Company: Cairo Public Utility - Available Last Logged: Unknown (prior to 1980) Located in between US Hwy 51 and the Ohio Levee Road Real Estate Terms: Successful bidder or bidders will be required to enter into a written contract and deposit $10,000.00 earnest money on auction day. Balance due on or before May 14, 2021. Deed and title insurance will be furnished by the seller. Possession will be given on date of closing. Ten (10%) percent buyers' premium. Make your financial arrangements prior to auction. Potential buyers may make any inspections prior to auction. Seller: Archer-Daniels-Midland To bid go to www.ollisauction.com 400 New Hope Road Buncombe IL 62912 (618) 833-2227 Toll Free 800-272-9791 Joe Ollis Auction Service, LLC IL. Lic # 444.000380 Information Herein Believed to Be Accurate but Not Warranted