Auction Terms & Conditions ONLINE REAL ESTATE AUCTION NOTICE - CASH or FINANCING BIDDING PROCEDURE - BUYER'S ARE TO FOLLOW WITH NO WAIVER.

NOTE: WE WILL ACCEPT OFFERS THAT ARE SUBJECT TO FINANCING FOR THIS AUCTION. HOWEVER, IN THE EVENT YOU ARE THE WINNING BIDDER, YOU MUST HAVE AVAILABE AND SUBMIT YOUR PRE-APPROVAL LETTER IN ORDER TO ENTER INTO A PURCHASE AGREEMENT FOR THE PROPERTY. IF YOU DO NOT HAVE A PRE-APPROVAL LETTER YOUR BID WILL BE REJECTED AND WE WILL MOVE ONTO THE NEXT HIGHEST BIDDER.

DATE: 07/13/2021 thru 08/03/2021
OPEN HOUSES: 7/21 & 7/28 from 5 pm to 6 pm
SELLER: Christopher H & Lisa M Allen
LOCATION: 7649 S Arba Pike Lynn, IN 47355
LEGAL DESCRIPTION: Below is a partial legal description, the full one will be provided at closing.
PT NE SW 15-16-1 4.901 A & W PT SE 15-16-1 12.025 A

***Online Auction Only*** What a great opportunity being offered for sale! We have an amazing property in southeast Randolph County being offered for sale for the first time in almost 30 years! We have an +/- 17 acres that can be used a variety of different ways.

Tract 1 There is a +/- 5.25 acre parcel that has an existing dwelling on it along with a garage/barn. Please note the structure experienced a fire recently. It doesn't really impact the property overall as the dwelling prior to the fire did not appear to be habitable and seemed to be beyond repair anyways. There is electric service, a septic system, and well on the property, none of which we know much about. The existing dwelling does not appear to be very sound, but the basement/foundation was updated by the Seller several years ago.

Tract 2 - The second parcel contains +/- 12 acres and has road frontage to US Highway 36. This parcel has +/- 6 acres of open pasture and +/- 6 acres of woods. Per the Seller there are several water sources on this parcel and it is full of wildlife! It was also home to camping area for a youth group and per the Seller there is a hand dug well on the property. We do not know the condition of the well or even if it is still there.

Tract 3 Both Tract 1 & Tract 2 being sold and one +/- 17 acre parcel.

We will be offering this property to the market in three different ways. Tract 1, Tract 2, and/or Tract 1 & Tract 2 combined. You will be able to bid on whatever tract or tracts you want via the online auction site. Whatever combination provides the Seller with the greatest return will be chosen and that bidder will be given the opportunity to present his or her offer to the Seller. WE UNDERSTAND THIS MAY BE CONFUSING SO PLEASE DO NOT HESITATE TO REACH OUT TO THE AUCTION COMPANY SO WE CAN EXPALIN THE PROCESS IF NECESSARY! We would be glad to help!

--- BIDDERS PACKET: All bidders who have registered for the online auction can call our office to receive a sample of an offer to purchase.

--- ONLINE REGISTRATION: Registration for this online auction finalizes each bidder's agreement to the terms and conditions of sale as stated in the Purchase Agreement which are incorporated by reference into your bidding. Do not bid until you have read the terms and conditions. To bid on the Real Estate, all bidders must be signed in through www.bidtarter.com. There is no fee to register, but a valid credit card will be required to verify identity and ensure payment of the Earnest Money, if applicable. By bidding you are representing to Tarter Realty and the Seller that you have read and agree to be bound by the terms and conditions for this sale as stated herein. If you do not agree with any of the terms and conditions stated, DO NOT BID or you will be bound by those terms and conditions. By bidding you agree to all disclosures.

--- CONDUCT OF THE AUCTION: The Seller and selling agents reserve the right to preclude any person from bidding if there is any question as to the person's identity, credentials, validity of the credit card, fitness to bid, financial ability to buy, etc. All decisions of the Auctioneer are final. THE SALE WILL BE CONTROLLED BY THE AUCTIONFLEX/BIDOPIA SOFTWARE. Tarter Realty is not responsible for malfunctions or system errors which cause a bid or bidder to fail to be recognized or registered. If there is a dispute, the Auctioneer may re-open the bidding at the Auctioneer's sole discretion and shall serve as the sole arbiter as to who is or is not allowed to bid.

--- BIDDING: Bidding starts at the nominal Opening Bid(s) indicated and is open to all who registered and are approved by the way of verified identity and credit card information. The bidding will be open for minimum of 10 days. The auction ends at a predetermined time with an Overtime Period if necessary, which is defined as follows: if a bid is placed within five (5) minutes of the close of bidding, then another five (5) minute period commences from the time of the last bid until no bids are placed within the next five (5) minutes. The last bid shall be made final.

--- AGENCY DISCLOSURE & GENERAL OFFICE POLICIES: Tarter Realty Auction & Appraisal Company will represent the Seller exclusively unless a Tarter Realty Agent has a signed buyer agency agreement with Buyer, then that agent has a limited agency with Buyer.

--- DISCLAIMER & ABSENCE OF WARRANTIES: All information contained online or in the brochure and related material is subject to the terms and conditions outlined in the Purchase Agreement. The Property is being sold on an "AS IS, WHERE IS" basis. No warranty or representation, either expressed or implied, concerning the Property, its condition, or the condition of any other components on the Property, is made by the Seller or Tarter Realty. All sketches and dimensions online or in the brochure are approximate. The information contained online or in the Brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or Tarter Realty. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property (prior to the conclusion of the sale). This should be done prior to the conclusion of the sale as any formal offers should have inspections waived by the Buyer.
Neither Seller nor Tarter Realty Auction & Appraisal Company make any warranties or representations as to the existing well, septic, structures, etc nor make any warranties or representations as to the ability to build any structures nor make any improvements to the property or any tracts. Should that be an intended use of any Buyers, Buyers should inspect and investigate that for themselves.

--- TERMS: An Earnest Money deposit of $1,000.00 is due within 24 hours of the online auction closing. In the event the winning bidder fails to provide the Earnest Money within 24 hours, Tarter Realty is authorized to charge the credit card for the amount of the Earnest Money, or any portion thereof, and an additional administrative fee of 5% of the amount being charged. The balance is due in full upon delivery of the merchantable title and deed free and clear of all liens and encumbrances except as stated herein and subject to easements or restrictions of record. A Buyer's Premium of $1,000 will be added to the final bid and included in the total contract price.

--- TITLE POLICY: A preliminary title policy has been prepared by Empire Title Company, which will be preparing the final title policy plus conducting the Closing. Seller and Buyer agree to use Empire Title Company.

--- SUBJECT TO FINANCING CONDITIONS: IF an offer is accepted that is contingent on financing. Buyers to have a pre-approval letter from their lender approved by Tarter Realty. HOWEVER, IN THE EVENT YOU ARE THE WINNING BIDDER, YOU MUST HAVE AVAILABE AND SUBMIT YOUR PRE-APPROVAL LETTER IN ORDER TO ENTER INTO A PURCHASE AGREEMENT FOR THE PROPERTY. IF YOU DO NOT HAVE A PRE-APPROVAL LETTER YOUR BID WILL BE REJECTED AND WE WILL MOVE ONTO THE NEXT HIGHEST BIDDER.

--- CASH CONDITIONS: The Earnest Money will be totally forfeited in the event the Seller accepts the successful bidder's Purchase Agreement in writing and the successful bidder subsequently refuses to proceed to Closing.

--- EXECUTION OF PURCHASE AGREEMENT: The successful bidder has earned the right to make an offer to the Seller; no sale has been completed. The bidder will be required to execute an Irrevocable Real Estate Purchase Agreement immediately following the close of the auction and provide the required Earnest Money within 24 hours to the Seller in a check payable to Tarter Realty. The Earnest Money will be returned if Seller does not accept the successful bid.

--- TAXES: The real estate taxes shall be prorated. Seller shall pay real estate taxes which are payable during the year in which Closing occurs, and taxes payable during the succeeding year, prorated to the date of Closing. Buyer shall assume and pay all subsequent taxes. If at the time of closing the tax bill for the Real Estate for the succeeding year has not been issued, taxes payable shall be computed based on the last tax bill available to the closing agent. The succeeding year's tax bill, because of recently constructed improvements, annexation, reassessment, or similar items may greatly exceed the last tax bill available to the closing agent.

--- GUARANTY: Any individual submitting a bid or signing the Purchase Agreement on behalf of any entity agrees to be individually bound by all these terms and conditions and individually responsible for payment of the Earnest Money and the balance due.

--- POSSESSION: The possession of the Property shall be at closing.

--- SURVEY: The Seller has a legal description for the property. Depending on how the property sells, either as one or in individual tracts, a survey may be necessary. In the event a survey is necessary, the cost shall be split evenly between the Seller and Buyer.

--- CLOSING: Balance of the purchase price is due in cash at closing. The fee charged by any closing agent, including an attorney acting as a closing agent for both parties, or Buyer's lender acting in such capacity, for closing services shall be paid equally by the parties. Seller and Buyer will each be responsible for what the local market considers their respective customary closing costs to sell/buy a property.

--- AUCTIONEER RESERVES: Auctioneer Reserves the right to make changes to an auction, to split or combine lots, cancel, suspend, or extend the auction event. NOTE: Neither the Seller nor Tarter Realty is responsible for any personal property left in the residence and buildings, or on the land after the Real Estate possession is granted to Buyer and will be inherited by the new buyer.

STATEMENTS MADE BY AUCTIONEER WILL TAKE PRECEDENCE OVER PREVIOUS PRINTED MATERIALS OR ANY PREVIOUS ORAL STATEMENTS

Online Only Auction: 07/13/2021 thru 08/03/2021 OPEN HOUSES: 7/21 & 7/28 from 5 pm to 6 pm SELLER: Christopher H & Lisa M Allen LOCATION: 7649 S Arba Pike Lynn, IN 47355 LEGAL DESCRIPTION: Below is a partial legal description, the full one will be provided at closing. PT NE SW 15-16-1 4.901 A & W PT SE 15-16-1 12.025 A ***Online Auction Only*** What a great opportunity being offered for sale! We have an amazing property in southeast Randolph County being offered for sale for the first time in almost 30 years! We have an +/- 17 acres that can be used a variety of different ways. Tract 1 There is a +/- 5.25 acre parcel that has a garage/barn. There is electric service, a septic system, and well on the property, none of which we know much about. The residential dwelling on the property has been removed since pictures were taken. Tract 2 - The second parcel contains +/- 12 acres and has road frontage to US Highway 36. This parcel has +/- 6 acres of open pasture and +/- 6 acres of woods. Per the Seller there are several water sources on this parcel and it is full of wildlife! It was also home to camping area for a youth group and per the Seller there is a hand dug well on the property. We do not know the condition of the well or even if it is still there. Tract 3 Both Tract 1 & Tract 2 being sold and one +/- 17 acre parcel. We will be offering this property to the market in three different ways. Tract 1, Tract 2, and/or Tract 1 & Tract 2 combined. You will be able to bid on whatever tract or tracts you want via the online auction site. Whatever combination provides the Seller with the greatest return will be chosen and that bidder will be given the opportunity to present his or her offer to the Seller. WE UNDERSTAND THIS MAY BE CONFUSING SO PLEASE DO NOT HESITATE TO REACH OUT TO THE AUCTION COMPANY SO WE CAN EXPLAIN THE PROCESS IF NECESSARY! We would be glad to help! An Earnest Money deposit of $1,000.00 is due within 24 hours of the online auction closing. In the event the winning bidder fails to provide the Earnest Money within 24 hours, Tarter Realty is authorized to charge the credit card for the amount of the Earnest Money, or any portion thereof, and an additional administrative fee of 5% of the amount being charged. The balance is due in full upon delivery of the merchantable title and deed free and clear of all liens and encumbrances except as stated herein and subject to easements or restrictions of record. A Buyer's Premium of $1,000 will be added to the final bid and included in the total contract price.