#0 • Auction Terms | Stulen

Part of 65± Acres, 60± Tillable Acres of Farmland | Green Lake Township, Kandiyohi County, MN (timed auction by Fladeboe Land)

Status: No sale

Auction Terms: The successful bidder will pay down $30,000 as earnest money on auction day in the form of a cashier’s check. The nonrefundable check should be made out to Fladeboe Land Trust Account. The successful bidder will enter into a non-contingent, AS-IS purchase agreement on auction day. Buyer’s premium will apply. Final price will be calculated by the number of deeded acres as per the survey. The closing will be executed on or before October 8th, 2026 with Quality Title in Willmar, MN. Announcements made auction day take precedence over printed material. For info packet call Glen at 651-208-3262 or email him at Glen@FladeboeLand.com or call Kristine at 320-212-9379 or email her at Kristine@FladeboeLand.com.   BIDDING TERMS AND CONDITIONS Addendum Stulen Farmland Auction Bidders: Please review all terms and conditions prior to bidding and buying. All documents referenced below are available online at https://fladeboeland.bidwrangler.com/ui and https://fladeboeland.com/  65.13 Surveyed Acres, 60.01± Tillable Acres (as per FSA), located in Section 21 & 16 of Green Lake Twp, Kandiyohi Co. Legal Description (as per survey):  The Northwest Quarter of the Northwest (NW1/4 of NW1/4), Section Twenty-One (21), and part of the West Half of the Southwest Quarter (W1/2 of SW 1/4) of Section Sixteen (16), all in Township One Hundred Twenty (120), Range Thirty- four (34), subject to easements, restrictions, and agreements of record, if any. (See actual survey for confirmation of the legal description and details.) AUCTION INFORMATION: Online-Only Auction Bidding Opens: Thursday, August 20th, 2026 at 8:00 AM CDT Bidding Closes: Thursday, August 27th, 2026 at 1:00 PM CDT* Agency: Fladeboe Land discloses that we are representing the seller exclusively in this transaction. The seller will have the right to accept or reject the final bid amount. AS-IS: You are buying this parcel strictly "As-Is, Where-Is." Non-Contingent: You are buying this parcel non-contingent. The successful bidder will enter into a non-contingent, AS-IS purchase agreement on auction day. Buyer's Premium: There will be a 5% buyer's premium added over and above the bid price per surveyed acre to create the contract price. Bidder Registration and Approval: All parties requesting permission to bid are required to have their bank/lending organization email a "bank/lender letter of reference" stating that they are a customer of good standing and have a relationship with the financial organization.   Survey: This parcel has been surveyed by O’Malley & Kron Land Surveyors, Inc. A copy of the survey is available in the buyer's packet available within the online auction catalog, as well as online at FladeboeLand.com. Final price will be calculated by the number of deeded acres as per the survey. The survey shows that a section of the current driveway servicing the home and farmsite directly to the north of the Stulen property is located on, or partially on, the Stulen property (see the NW corner of the survey drawing). Earnest Money: The successful bidder will pay a non-refundable $30,000 earnest money deposit on auction day by cashier’s check made payable to Fladeboe Land Trust Account. The balance of the money is due and payable on the date of closing. Clear title will be given to the new buyer. Failure of performance by the buyer would require forfeiture of the earnest money. The closing will be required to happen on or before October 8th, 2026 with Quality Title in Willmar, MN. Possession, Lease and Rent: The current 2026 crop on the farm belongs to the tenant.  Possession will be granted to the new buyer after closing and after the current crop has been harvested by the current tenant.  Fall tillage, if desired, will be the responsibility of the buyer. All 2026 cash rent belongs to the seller. Abstract: The seller will provide to the buyer an updated abstract at the seller’s expense. The buyer will be responsible for the cost of any title opinion or title insurance (amount unknown), recording fees, and the buyer’s closing fee. Real Estate Taxes: All property taxes due and payable in 2026 and all prior years are the responsibility of the seller. All real estate taxes and possible special assessments due and payable in 2027 and all subsequent years are the responsibility of, and will be paid by, the buyer. Zoning: To the best of our knowledge, a total of seven building entitlements are available for this property. Buyers are responsible for independently verifying the availability and requirements of any building entitlements and confirming any proposed non-agricultural use of the property with the Kandiyohi County Zoning Office at 320-231-6229. The sellers and Fladeboe Land make no representations or warranties regarding a buyer’s future plans or intended use of the property, including building entitlements, potential development, resale, or other proposed uses. Buyers should conduct their own due diligence and confirm that their intended use of the property complies with all applicable county requirements and regulations. Easements: Copies of all easements affecting the property that are recorded at the Kandiyohi County Recorder’s Office are included in the buyer’s packet within the online auction catalog and are also available at FladeboeLand.com. Buyers are responsible for reviewing all easement documents. All easements run with the land. FSA/NRCS: The FSA aerial map and 156EZ are included in the buyer’s packet. There are no CRP contracts on this farm. According to the Kandiyohi County NRCS Office, there is no certified wetland determination on file for this farm. If the buyer decides to improve the parcel with additional tile, it will be up to a buyer's own due diligence to discuss the plans with the NRCS Office. Acreage: This parcel is represented as containing 65.13 surveyed acres, according to the O’Malley & Kron Survey, certificate dated April 20, 2026, and 60.01± tillable acres, according to the FSA aerial map and 156EZ for the 2026 Program Year. This parcel will be offered by auction and sold by the surveyed acre. The successful bidder’s total bid amount will be calculated by multiplying the winning bid per surveyed acre by 65.13 surveyed acres. A 5% buyer’s premium will then be added to the total bid amount. The combined amount will be the final purchase price stated in the purchase agreement. Calculation: Winning bid per surveyed acre × 65.13 acres + 5% buyer’s premium = Total Purchase Price ONLINE BIDDING TERMS AND CONDITIONS Bidder Registration and Approval All bidders must be registered and manually approved by Fladeboe Land prior to bidding. Approval is based on verification of identity, availability of funds, and intent to purchase. Bidding privileges are provisional and may be revoked at any time if verification is incomplete or concerns arise. Fladeboe Land reserves the right to refuse registration, deny service, or reject any bid at its sole discretion. Any bidder acting on behalf of another party or entity must provide a valid, unexpired Power of Attorney, approved by the auctioneer before bidding. Bidding Process Fladeboe Land determines all bid increments, which may be adjusted during the auction at the auctioneer’s discretion. Bidders are responsible for monitoring their bidding activity throughout the auction. Maximum Bid Function A Maximum Bid allows the system to automatically bid on your behalf up to your entered limit. When two bidders set the same maximum bid, priority is given to the first bidder who placed it. Maximum bids are private to bidders but are visible to the auctioneer for monitoring purposes. *Auction Closing and Extension If a bid is placed within 180 seconds of the scheduled closing time (1:00 PM CDT on August 27th, 2026), the bidding for that parcel will automatically extend by 180 seconds. The countdown will continue to extend by 180-second intervals with each additional bid. When no further bids are placed and the timer expires, the auction will close and the high bidder will be established. The Seller reserves the right to accept or reject the final bid amount. Disclosures: All information obtained for this auction is from reliable sources. However, the seller, auctioneers and agents do not accept responsibility for the information presented, as it is the buyer's responsibility to verify all information. Precedence: Announcements made on auction day take precedence over printed material. On behalf of the Stulen Family and the Fladeboe Land Team, thank you for your participation in this auction. ACKNOWLEDGMENT AND ACCEPTANCE: I have read and understand these announcements and terms, which are a part of the purchase agreement.