THIS IS AN AS IS, WHERE IS, WITH ALL FAULTS AND LIMITATIONS AUCTION SALE OF REAL PROPERTY ELCO Auctions is acting only as the auctioneer. The seller's attorney will perform all broker functions to include the handling of buyer's offers after the auction, contracting and any other necessary broker functions as stated by the Texas Real Estate Commission . ALL OF THE RENTAL PROPERTIES WITH THE EXCEPTION OF AUCTION LOT 1 & AUCTION LOT 17 ARE OCCUPIED BY THE LEASE HOLDERS AND SHOULD NOT BE DISTURBED AT ANY TIME FOR ANY REASON. ** *THERE WILL BE A TEN DAY INSPECTION PERIOD FOR THE BUYER TO INSPECT THE HOME ONCE THE PURCHASE CONTRACT HAS BEEN SUBMITTED AND ACCEPTED. The seller, through the auctioneer , will answer any questions throughout the auction. Buyer agrees as part of the contracted purchase to assume all leases until their completion. Buyer will receive the $500.00 security deposit that is held for each lease upon completion of purchase. Buyer acknowledges and agrees that neither Seller nor any person acting as Seller's representative or agent has occupied the Property and that Buyer is acquiring the Property "AS IS, WHERE IS, WITH ALL FAULTS AND LIMITATIONS", in its present state and condition, with all defects and faults, whether known or unknown, presently existing or that may hereafter arise including, without limitation: A FIVE percent (5%) buyers premium will be added to the high bid at the conclusion of the auction for all properties. 1. The value, any appraised value, nature, quality or condition of the Property, including, without limitation, the water, soil and geology; 2. The income to be derived from the Property; 3. The compliance of or by the Property or its operation with any laws, rules, ordinances or regulations of any applicable governmental authority or body; 4. The habitability, marketability, tenantability, or fitness for a particular purpose of the Property. Buyer shall hold harmless, indemnify and defend Seller and its representatives and agents from any claim arising from or relating to the Property. Buyer hereby fully and irrevocably releases Seller and its representatives and agents from any and all claims of any kind whatsoever, whether known or unknown, arising from or relating to the Property. This release includes claims that Buyer does not know or suspect to exist in Buyer's favor and which would materially affect Buyer's release of Seller if such claims were known by Buyer. The obligations and agreements of Buyer under this section shall survive the close of escrow or the earlier termination of the Agreement. A $5,000.00, non-refundable earnest money deposit for each property purchased must be made within 48 hours of the close of the auction to First Title Company of Port Aransas, TX. For the properties in Rockport, Rockport Title Co. will be used. Please call 361-726-6243 for specific questions.

This is an auction of 16 real estate properties in Corpus Christi , Portland and Rockport ,Texas. The properties are all rented with the exception of 401 Inverrary # 38 (vacant lot) and 1521 18th St., Rockport TX. The starting bids are the minimum or reserve. ***THERE WILL BE A TEN DAY INSPECTION WINDOW FOR THE BUYER TO PHYSICALLY INSPECT THE HOME ONCE THE PURCHASE CONTRACT HAS BEEN SUBMITTED AND ACCEPTED AT THE CONCLUSION OF THE AUCTION.