All pre-auction offers will be considered.A 10% buyer's premium will be added to the bid price. The contract price will be equal to the bid price plus the Buyer's Premium.3% Broker Co-op1. To be approved as an online bidder, a signed copy of this "terms and conditions" along with a signed bidder's certification must be received 48 hours prior to the close the of auction and approved by the auction office. Bidders may be required to provide a photocopy of a valid state-issued identification at the auction company's sole discretion. Bidders may be subject to a deposit in order to participate. The deposit is fully refundable to non-winning bidders. 2. Auctioneer reserved the right to waive any and all requirement and/or require additional documentation prior to allowing a bidder to participate in the auction.3.The bidder is exclusively and solely responsible for any and all bids placed through their registered bidder ID. Bidders must not share or disclose their passwords to anyone.4.Bidding increments shall be determined at the sole discretion of the auctioneer and will be posted on the bidding website. This auction utilizes a soft close option, which means if a bid is placed within the last few moments prior to the auction item ending, the time is automatically extended for an additional 3 minutes. This process continues until all bidding ceases.5.Tract 1 will sell subject to owner's confirmation. Tracts 2, 3, & 4 will sell absolute, with no reserve. The Bidder expressly agrees that the bidder has inspected the property, or has had the opportunity to inspect the property, and is aware of the flaws, if any, and is fully prepared to pay for this purchase in full at time of closing.a)The sale shall not be contingent upon the sale of any other property, nor shall it be contingent upon financing in any manner.b)Bidder assumes all liability for the inspection process, including releasing the seller and the auctioneer from any claim of injury or harm during the inspection.c)A failure by the bidder to inspect the property shall not be grounds to terminate or void any contract.6.It is the Purchaser's sole responsibility to:a)perform all inspections (legal, environmental, economic or otherwise) of the property and to be satisfied as to its condition prior to biddingb)review all property information and due diligence materialsc)independently verify any information they deem important including information available in public recordsd)inquire of public officials as to the applicability of and compliance with land use and environmental laws, zoning, building and health & safety codes and ordinances and any other local, state or federal laws and regulations. 7.All information contained in the website and all promotional materials, including but not limited to, photographs, directions, acreage, square footage, dimensions, zoning, maps used for promotion, environmental conditions, taxes, etc., was provided by or on behalf of the Seller and is believed to be correct; however, neither the Seller nor the Auctioneer makes any promise, representation, guarantee, or warranty as to the accuracy or completeness of such information.8.These properties sell "As-Is" with no warranties express or implied, unless specifically stated.9.Property included in the sale is the real estate only or as listed in the property description. Unless specifically listed, no personal property will transfer with the sale of the real property.10.Buyer's Premium: A ten percent (10%) buyer's premium will be added to the final accepted bid and charged to the buyer to determine the final sales price. For example, a top bid of $200,000, plus a 10% buyer's premium of $20,000 will result in a sales price of $220,000.12.The down payment will be payable Oklahoma City Abstract. Payment shall be made by direct wire transfer.13.Real Estate Taxes: The taxes will be prorated to the day of closing.14.Closing: a)Closing shall take place at the office of Oklahoma City Abstract, 1900 NW Expressway, Suite 210, Oklahoma City, OK 73601 b)Closing fees will be split between the buyer and the seller.c)Closing will be held on or before 3:00 PM CDT, December 27, 2021. d)Possession of property will be given at closing.15. ENVIRONMENTAL MATTERS[BIDDER/BUYER] ACKNOWLEDGES THAT THE PROPERTY HAS BEEN USED FOR EXPLORATION, DEVELOPMENT, AND PRODUCTION OF OIL, GAS AND OTHER HYDROCARBONS AND THAT (I) EQUIPMENT AND SITES INCLUDED ON THE PROPERTY MAY CONTAIN NATURALLY OCCURRING RADIOACTIVE MATERIALS, RADON OR OTHER HAZARDOUS MATERIALS, AND (II) THE PROPERTY MAY CONTAIN UNKNOWN, ABANDONED OR UNPRODUCTIVE OIL WELLS, GAS WELLS, EQUIPMENT, PITS, LANDFILLS, FLOWLINES, PIPELINES, WATER WELLS, INJECTION WELLS AND SUMPS, WHICH MAY OR MAY NOT HAVE BEEN REVEALED BY [BIDDER/BUYER'S] INVESTIGATION OR INSPECTION OF THE PROPERTY. SELLER EXPRESSLY DISCLAIMS AND NEGATES, AND [BIDDER/BUYER] HEREBY WAIVES AND DISCLAIMS ANY RELIANCE ON, ANY REPRESENTATION OR WARRANTY, EXPRESS, IMPLIED, AT COMMON LAW, BY STATUTE, OR OTHERWISE, AS TO THE ENVIRONMENTAL OR OTHER CONDITION OF THE PROPERTY, INCLUDING ANY IMPLIED OR EXPRESS WARRANTY REGARDING ENVIRONMENTAL LAWS, THE RELEASE OF SUBSTANCES, WASTES, OR MATERIALS INTO THE ENVIRONMENT, OR PROTECTION OF THE ENVIRONMENT OR OF HUMAN HEALTH, SAFETY, OR NATURAL RESOURCES.[BUYER/BIDDER] HEREBY RELEASES, DISCHARGES, AND WAIVES (AND COVENANTS NOT TO ASSERT) ANY AND ALL CLAIMS, CAUSES OF ACTION, LIABILITIES, LOSSES AND DAMAGES, AND ALL RIGHTS AND REMEDIES WHETHER ARISING AT LAW (WHETHER IN CONTRACT, TORT, EQUITY, OR OTHERWISE) OR PURSUANT TO ANY OTHER LEGAL THEORY, KNOWN OR UNKNOWN, AND WHETHER NOW EXISTING OR ARISING IN THE FUTURE OR OTHERWISE, AGAINST SELLER AND ITS AFFILIATES RELATING TO THE ENVIRONMENTAL CONDITION OF THE PROPERTY OR OTHER CONDITIONS, EVENTS, CIRCUMSTANCES, ACTS, OR OMISSIONS OF, OR RELATING TO, THE ENVIRONMENT, ANY ENVIRONMENTAL LAWS, ANY HAZARDOUS MATERIALS OR RELEASES THEREOF, THE PROTECTION OF THE ENVIRONMENT OR HEALTH, OR ANY OTHER ENVIRONMENTAL LIABILITIES, IN EACH CASE, TO THE EXTENT RELATING TO SELLER'S, ITS AFFILIATES' OR ITS PREDECESSORS' OPERATIONS OR ACTIVITIES ON THE PROPERTY PRIOR TO THE CLOSING AND EVEN IF THE SAME ARE CAUSED IN WHOLE OR IN PART BY THE NEGLIGENCE (WHETHER SOLE, JOINT OR CONCURRENT), STRICT LIABILITY, OR OTHER LEGAL FAULT OF SELLER OR ITS AFFILIATES.SELLER AND [BUYER/BIDDER] AGREE THAT, TO THE EXTENT REQUIRED BY APPLICABLE LAW TO BE EFFECTIVE, THE DISCLAIMERS AND WAIVERS OF CERTAIN REPRESENTATIONS, WARRANTIES AND REMEDIES CONTAINED HEREIN ARE "CONSPICUOUS" DISCLAIMERS FOR THE PURPOSES OF ANY APPLICABLE LAW, RULE OR ORDER.16.EXISTING SURFACE INTERESTS/OGLS[Buyer/Bidder] acknowledges and agrees that (i) it is acquiring the Property subject and subordinate to all oil, gas, or other mineral leases, rights-of-way, easements, surface use agreements, restrictions, covenants, conditions, and reservations covering the Property or the underlying mineral estate and that are existing as of the Closing (the "Existing Interests"), and (ii) it shall comply with all of the covenants, terms and provisions of the Existing Interests, whether express or implied. [Buyer/Bidder] also (i) acknowledges that Seller is currently an owner of certain of the Existing Interests, and (ii) covenants to reasonably accommodate, and to coordinate its activities and uses of the Property with, Seller's operations and activities on the Property conducted pursuant to the Existing Interests. 17.The Successful Bidder shall execute a "Real Estate Auction Contract of Sale" for the property immediately after being declared the Successful Bidder by the Auctioneer.18.Each potential Bidder is responsible for conducting at their own risk, their own independent inspections, investigation, and due diligence concerning the property.19.United Country Heard Auction & Real Estate, and their representatives are exclusive agents of the Seller. There is no buyer's agency. There is no duty from the Auctioneer to the buyer.20.All announcements made up to the final close of the Auction bidding take precedence over all advertising, oral or printed material.21.All marketing information and PIP materials were gathered from reliable sources and are believed to be correct as of the date they were published; however, the seller or auctioneers have not independently verified this information. Auction plats and drawings are not to be relied on and are for representation purposes only. Its accuracy is not warranted in any way. There is no obligation on the part of the Seller or Auctioneer to update this information.22.The Bidder waives any claims against the Seller; and the Auctioneer, his agents, employees, or assigns, for a failure of the electronic bidding technology in any manner, including the failure of the system to accept, process, or register a bid.23.Disclaimer: Bidders are advised to independently verify all information they deem important. Each property is being sold "As-is, Where-is" and with "All Faults" whether known or unknown, presently existing or that may hereafter arise. The Seller and Auctioneer have not made, do not make and will not make, and hereby disclaim, any representation or warranty, whether expressed or implied or statutory, whether oral or written, with respect to the Property, including, without limitation, any warranty as to its value, condition, acreage, square footage, state of repair, structural integrity, habitability, suitability, merchantability, marketability, operability, visibility, zoning or subdivision regulations, mineral rights, environmental condition or fitness for a particular use or purpose. No Guarantees are given as to the availability of utilities or accesses, the permitted or allowable used of the Property. Buyer agrees to take full responsibility of investigating the property and not rely on any information provided or to be provided by seller or broker or auctioneer. Buyer further acknowledges and agrees that any information provided by or on behalf of seller with respect to the property including, without limitation, all information contained in any property information package previously made available to buyer by seller and broker was obtained from a variety of sources and that seller and broker and auctioneer have not made any independent investigations or verification of such information and make nor representation as to the accuracy or completeness of such information.24.Neither the Seller, its attorneys, any broker, nor the Auctioneer, shall be liable for any relief including damages, rescission, reformation, allowance or adjustments based on the failure of the Property including, but not limited to, amount of acreage, square footage, zoning, and environmental condition to conform to any specific standard or expectation, or any third-party documents of information. 25.Auctioneer's Agency Disclosure: The Auctioneer is acting as the agent for Seller and has completed a separate agreement with the Seller.For questions call Blake Merritt, at (405) 317-8670.