1. This is an absolute auction. Property sells to highest bidder regardless of price.

2. A 10% buyer’s premium will be added to the final bid price to arrive at the contract sales price.

3. Buyer and seller will enter Contract for the Sale of Real Estate on auction day calling for 10% earnest money deposit, closing on or before December 22, 2009, seller and buyer to divide costs of title insurance (in the amount of contract sales price) and fees charged by title company for closing, prorated city and county taxes and transfer fees. Possession at closing. Contract contains no financing or inspection contingencies. Please make your own inspections and have financing arranged prior to auction.

4. Property sells “as-is, where-is and subject to all faults”.