Former Northwood Oilseed Mills Facility

TERMS AND CONDITIONS BUYER PREMIUM: The highest bidder acknowledges that there is a ten percent (10%) Buyer's Premium plus applicable North Dakota Sheriff's Fee for Sales Execution, which will be added to the final bid price to be paid by the highest bidder and will be incorporated into the total selling price. The highest bidder also will acknowledge that Maas Companies, Inc. is the Agent for the Seller. FIRST CERTIFIED DEPOSIT: In order to obtain bidding privileges, a bidder must deposit via a wire or certified check the amount of $50,000 to Zimney Foster P.C. If the bidder is not the successful bidder, the First Certified Deposit will be returned no later than Friday, November 30. The successful bidders' first earnest money deposit will be applied toward the purchase price and is NON-REFUNDABLE, unless the Seller cannot give clear title on the property. SECOND CERTIFIED DEPOSIT: The high bidder must submit a SECOND CERTIFIED DEPOSIT bringing the total deposit monies equal to 20% of the total purchase price due within 2 business days of bid acceptance. The remaining balance is due at time of Court Approval, or no later than 30 days. The earnest money deposit is NON-REFUNDABLE unless the Seller cannot give clear title on the property. CLOSING: The balance of the purchase price shall be due in full at time of Court Approval, or no later than 30 days. Funds shall be made payable to Zimney Foster P.C. REAL ESTATE TAXES: Taxes are to be prorated to the date of closing. INSPECTIONS: The property will be available for inspection on the following days and times: Monday, October 22 • 9:00 am to 2:00 pm Monday, November 5 • 9:00 am to 2:00 pm Monday, November 26 • 9:00 am to 5:00 pm Tuesday, November 27 • 8:00 am to 10:00 am The Buyer acknowledges that the Buyer has inspected the property and is purchasing the property on an "as is, where is with all faults" basis. The Buyer also acknowledges that there are no express or implied representations or warranties by Seller as to physical conditions, quality of construction, workmanship, or fitness for any particular purpose. The Buyer further acknowledges that the information and descriptions are believed by the Seller to be accurate, however, such information and descriptions are not guaranteed. ADDITIONAL TERMS: The Buyer agrees to be bound by the terms of these terms and conditions and agrees to execute any additional documents to proceed with the purchase of the property under the terms of this offer. Bids submitted on Proxibid are binding and irrevocable. MANNER OF SALE: The Buyer understands that the sale is subject to Court Approval, subject to redemption rights. Attorney Tracy Kennedy, with Zimney Foster P.C. is handling the closing. See bidder kit for complete terms. Bidders are bound by their bidding via Proxibid, at no time may a buyer revoke a bid. Real Estate and Equipment is selling as entirety AS-IS, WHERE IS WITH NO WARRANTIES OR GUARANTEES EXPRESSED OR IMPLIED. The order and manner of the bidding may be altered at the time during the process. ANY ANNOUNCEMENTS MADE DURING THE AUCTION PROCESS WILL TAKE PRECEDENCE OVER MATERIAL PUBLISHED ABOUT THIS EVENT.