Caroline County Farm

REAL ESTATE TERMS OF SALE

14148 Stonewall Jackson Road, Woodford, VA 22580

Friday, July 17, 2009 @ 2:03 PM

This property is  being sold As-Is, Where-Is with any & all faults, and subject to all laws, ordinances, easements, plats, titles, & any other matters of record. This real estate is being sold subject to the confirmation of the owners. A 10% Buyer’s Premium will be added to the highest final bid and will become a part of the total contract price. The non-refundable $ 75,000 deposit in the form of Cash or Certified funds, made payable to At Auction, Inc., is due immediately following the auction with the balance due at closing within 30 days.  Time is of the essence. Obtaining financing, if needed, is the sole responsibility of the purchaser. No owner financing is being offered. The sale is not contingent upon the purchaser obtaining financing or any other matters. All bidders & purchasers hereby waive their rights to any post sale rights of rescission periods & understand the sale is immediately binding & irrevocable.  No loan points payments, closing cost assistance, or any other purchase incentive is being offered. While all information regarding this property has been from derived sources deemed reliable and believed correct; neither the Sellers, Auction Firm, Facilitators, or their representatives; make any guarantees or warranties, expressed or implied whatsoever; regarding, without limitation; the structural integrity, physical condition, construction, extent of construction, workmanship, materials, habitability, zoning, ability to subdivide,  fitness for a particular use or purpose, topography, soil type or content, functionality of any & all systems, availability of public utilities, or merchantability of all or any part of the property. Prospective purchasers shall rely solely upon information obtained through their own due diligence. Any reliance upon the information provided shall be solely at the risk of the bidders and purchasers. The Auctioneer retains the right to bid on behalf of the Sellers, accept or reject any bids, determine the bid increments, &/or modify the deposit requirement. Upon settlement, from henceforth and in perpetuity, The purchaser agrees to be solely responsible for removal and disposal of any an all underground storage tanks, pipes, lines, or other appurtenances thereto, if any; and testing, analysis, removal, and remeditation of environmental contamination, including soil and/or groundwater contamination on or under the property, if any. This property was built prior to 1978 and could potentially have the presence of lead-based paint. The purchaser’s lead-based paint inspection period ends on midnight prior to the auction date of sale. The Purchaser shall waive their rights to any rescission periods, lead-based paint disclosure forms or inspections, radon inspections, &/or any other home inspections; and shall accept the property As-Is. This property is currently under “land use” classification for real estate tax purposes. The seller is conveying the property under the current classification. Any change in tax use classification by the Purchaser will result in roll-back taxes. All roll-back taxes will be the sole responsibility of the Purchaser. All crops currently planted remain the sole property, and benefit, of the current farm lessee (through 2009 season). Lessee may be interested in continuing a ground lease agreement in future year(s)with the new property owner.  These terms, signed by each purchaser, and all announcements made from the auction block become part of the agreement to purchase contract.  

     I/We understand and agree to abide by the aforementioned terms, which become a part of the Real Estate contract to purchase.

From Fredericksburg: Route 2 and 17 South (Dixon Street) For 10.5 miles, To right on Stonewall Jackson Road, to property on left. Watch for Auction signs.