Procedure: This property will be offered in one (1) tract. This property will be sold by the acre using the surveyed acres figure of 59.81 acres +/-.

Down Payment: 10% down payment immediately following the auction; balance due at closing. If buyer defaults on the purchase, the down payment will not be refunded. This auction is not contingent upon financing.

Closing: To be within 30 days or less of auction date.

Possession: Possession of this property will be given as of date of closing.

Real Estate Taxes:  2011 taxes due 2012 will be paid by seller. All future taxes will be paid by buyer.

Acceptance of bid prices: The successful bidder/s will sign a Contract for Sale of Real Estate immediately following the auction. Owner reserves the right to refuse any and all bids.

Title: The seller will furnish the successful bidder an Owner's Policy of Title Insurance in the amount of the purchase price and will provide the appropriate deed, subject to standard exceptions, conveying the real estate to the buyer.

Mineral Rights: Sale of the property shall include any mineral rights, if any, owned by the seller.

Disclaimer and Absence of Warranties: This property is being sold on an "as-is", "where-is" basis, and no warranty or representations, either expressed or implied, concerning the property is made by either the seller or Butler • Busby • Hicks Land & Auction LLC. Each bidder is responsible for conducting his/her own independent inspections, investigations and all due diligence concerning the property and improvements. Information contained in advertising is subject to verification by all parties relying on it. Diagrams and dimensions in any advertising, including this website, are approximate. All information contained in any advertising and any related materials are subject to the terms and conditions of the sale outlined in the Agreement for Sale of Real Estate. Auction conduct and bidding increments are at the direction and discretion of the auctioneer. All decisions of the auctioneer are final. Announcements made by the auctioneer at the time of sale or a representative of Butler • Busby • Hicks Land & Auction LLC, or the attorney for the seller will take precedence over any previously printed material or any other oral statements.

Agency disclosure: In this auction, Butler • Busby • Hicks Land & Auction LLC, its staff, and auctioneer(s) are seller's agents and have a fiduciary duty only to the seller.

Bidder Agreement: By registering to bid and obtaining a bidder's number, you are agreeing to abide by the bidding procedures and terms and conditions of this sale.