TERMS:

Auction Terms and Conditions

Real Estate Auction – O’Connell Greenland Farm

Presented by United Country Real Estate – The O’Connor Agency

1. Auction Overview

This is an Online-Only Multi-Tract Auction conducted by The O’Connor Agency (hereinafter “Auctioneer”). By registering and placing a bid, all bidders acknowledge they have read and agree to be bound by these Terms and Conditions, the Offer to Purchase and Acceptance, and any related disclosures, supplements, and exhibits.

Bidding Opens: October 29th, 2025, at 10:00 AM
Bidding Closes (Soft Close): November 12th, 2025, at 10:00 AM (see Soft Close procedure in Section 2)
Closing Date: On or before December 17th, 2025, at 5:00 PM
Buyer’s Premium: None

Successful Bidders: The highest bidder(s) on each tract at the close of the auction will be declared the successful bidder(s), subject to Seller confirmation.

2. Registration and Bidding

All bidders must be properly registered and approved prior to bidding. Assistance is available by contacting Dan O’Connor at (816) 288-1116 or midwestrealtypro@gmail.com.
Auctioneer reserves the right to request additional registration requirements, including proof of funds, from bidders unknown to the Seller or Auctioneer.
Bids are subject to Seller’s approval. 
Bidders are responsible for maintaining adequate internet service. Auctioneer and Seller are not liable for service disruptions.

Registration Requirements:
- Bidders will be required to register and sign these Terms and Conditions before bidding in the auction.
- Bidders are encouraged to register at least 24 hours prior to the bid closing date. Late registrations may not be approved for bidding.
- Anyone not known by the Auction Company or Sellers may be required to provide a Bank Letter of Credit, Proof of Funds, or other documentation demonstrating the ability to purchase, at the discretion of Auction Company or Sellers.

Soft Close Procedure: If a bid is placed with fewer than 5 minutes remaining, the countdown will automatically reset to 5 minutes for all five tracts, and bidding will remain open until no further bids are placed.

3. Property Information

Property will be offered in Tracts 1–5 as outlined below (acreages pending preliminary survey):
- Tract 1: 46 acres m/l
- Tract 2: 54 acres m/l
- Tract 3: 130 acres m/l
- Tract 4: 110 acres m/l
- Tract 5: 145 acres m/l

All acreages are estimates. Preliminary survey numbers are pending and will be updated once received. Final staked survey to govern (if applicable).

No existing farming or hunting leases. Farm is open for the 2026 farming season.

4. Bidding Increments

Bidding will be conducted on a per-acre basis with the following increments:
- Starting at $0: increments of $500 per acre

- Starting at $5,000: increments of $250 per acre

- Starting at $9,000: increments of $50 per acre

5. Survey and Acreage

If adjoining tracts sell to different buyers, Seller will provide and pay for a staked survey.
If the same bidder wins adjoining tracts, surveys will be provided only as needed for perimeter boundaries.

If the same bidder wins Tracts 1, 2, and 3, no survey will be provided and the final price shall be based on combined total acres marketed of those three tracts.

Tracts 4 and 5 will receive a staked survey regardless of whether they sell together or separately.

Acres are deemed “more or less” unless surveyed.
Final contract price will be based on winning bid × surveyed acreage (if applicable).

9. Purchase Agreement and Deposit

- The successful high bidder, upon completion of the Real Estate Auction, must complete and sign a purchase agreement, along with any Seller disclosures provided.
- United Country – The O’Connor Agency must receive a signed copy of the contract (hand delivered, faxed, scanned and emailed, or electronically signed) within 24 hours after the buyer has been notified that the Sellers have accepted his or her bid.
- Winning bidder(s) must render (within 2 days) a non-refundable deposit of 10% of the purchase price in the form of a personal check, business check, certified funds, or wire payable to the designated Closing Company. Balance is due at final closing.
- Out-of-area personal checks must be approved by Auction Company personnel.
- Sales are non-contingent; failure to close will result in forfeiture of earnest money.
- Buyer must secure financing approval prior to the auction.

10. Title, Taxes, and Closing

Seller will provide and pay for an Owner’s Title Policy. Buyers will be given an opportunity to review Commitment and satisfy themselves prior to closing. 
Seller will be responsible for payment of 2025 real estate taxes.

12. Legal and Contractual Obligations

By bidding, bidders enter into a binding contract.
The Sellers shall have the right to accept or reject any and all bids. Once accepted, this agreement shall be binding on the parties and their successors and assigns.
This agreement is not subject to financing, inspections, contingencies, or delays related to such conditions.
Defaulting buyers may forfeit earnest money and face civil and/or criminal action.
Registered bidders are personally and financially responsible for bids placed, whether on their own behalf or as an agent.

13. Disclaimers

Maps, photos, acreages, and tract sizes are approximate. Tillable acres, if referenced, are estimates based on Auctioneer’s mapping software.
Buyers are strongly encouraged to perform their own due diligence and verify all information to their satisfaction. Property is being sold AS-IS, WHERE-IS, with no warranties expressed or implied.

Seller reserves right to remove personal property to include, but not limited to, any equipment, windmill, and horse equipment prior to close. Any personal property remaining at time of sale shall convey to new owners. 

Auctioneer and Seller assume no liability for accuracy of materials provided.
Auctioneer is not responsible for errors, omissions, or internet failures.
Terms and Conditions are subject to change at the discretion of the Auctioneer and Seller.