TERMS AND CONDITIONS

TERMS OF SALE: A DOWN PAYMENT DEPOSIT OF $5,000 IS DUE IMMEDIATELY UPON THE CONCLUSION OF THE BIDDING WITH THE BALANCE DUE AT CLOSING IN 30 DAYS. THE DEPOSIT WILL BE HELD IN A TRUST ACCOUNT UNTIL THE CLOSING DATE. AT THE CLOSING, THE BUYER WILL PAY THE BALANCE OF THE PURCHASE PRICE AND TAKE TITLE AND POSSESSION OF THE PROPERTY. THE SELLER AND THE PURCHASER MUST SIGN THE AGENCY DISCLOSURE FORM AND THEN THE PURCHASE AGREEMENT. THE PURCHASER WILL RECEIVE A FREE AND CLEAR TITLE WITH ALL REAL ESTATE TAXES PRORATED TO THE DATE OF THE FINAL SETTLEMENT.

THE PROPERTY IS BEING OFFERED BY OPEN BIDDING WITH NO REQUIRED STARTING BID, THE PROPERTY IS FREE OF APPRAISAL AND SUBJECT ONLY TO THE IMMEDIATE CONFIRMATION OF THE SELLER AND TO THE TERMS AND CONDITIONS OF THIS AUCTION. PURCHASER IS RESPONSIBLE FOR OBTAINING THEIR OWN FINANCING. THIS SALE HAS NO CONTINGENCIES AND IS NOT CONTINGENT ON THE PURCHASER OBTAINING FINANCING. INSPECTIONS OF HOUSE INCLUDING TERMITE, STRUCTURAL AND LEAD-BASED PAINT MUST BE DONE PRIOR TO AUCTION DATE. APPRAISAL OR ANY OTHER INSPECTION FEES ARE AT THE BUYER'S EXPENSE.

IF ANY DISPUTE ARISES BETWEEN OR AMONG BIDDERS, THE DECISION OF THE AUCTIONEER SHALL BE FINAL AND ABSOLUTE. THE AUCTIONEER, UPON DISCLOSURE, RESERVES THE RIGHT TO BID ON BEHALF OF LEGITIMATE ABSENTEE BIDDERS OR ON HIS OWN BEHALF.

BE ADVISED THAT THE INFORMATION CONTAINED HEREIN IS TO THE BEST KNOWLEDGE OF THE PROVIDER, OR WAS COMPILED FROM PUBLIC INFORMATION, AND IS PROVIDED TO YOU WITHOUT WARRANTIES OR REPRESENTATIONS OF ANY KIND. THE PROPERTY IS OFFERED AS IS, WHERE IS, WITH ALL FAULTS, AND NO WARRANTIES OR REPRESENTATIONS ARE MADE IN CONNECTION WITH THE PROPERTY WHATSOEVER.

JOEL T. WILSON CO. LTD.AUCTIONEERS

STUART HOLMAN, AGENT/AUCTIONEER