1. No minimum opening bid will be required. 2. It is illegal to discriminate against any person because of religion, handicap, race, sex, family status or national origin. 3. Earnest Money Deposits: The successful bidder(s) must deposit with the auctioneers the day of sale cashier’s checks, certified checks or cash in the following amounts: Parcel 1: $5,000 Parcel 2: $5,000 Parcel 3: $5,000 Parcel 4: $5,000 Earnest money deposit on the entire property: $20,000 These are non-refundable deposits which will be forfeited by the purchaser(s) if they cannot or do not proceed with the closing(s). The check(s) should be made out to yourselves and then endorsed over to Stanton’s if you are a successful bidder. The deposit(s) will apply to the purchase price at closing. 4. Closing(s): at the conclusion of the bidding, the successful bidder(s) must sign purchase documents with the auctioneers. The earnest money deposit(s) will be taken at this time. Closing(s) to be on or before 30 days following the auction unless the property is being financed through a lending institution which is unable to meet the 30-day deadline. In that event, the lending institution must send a letter to Stanton’s confirming that the loan has been approved but that an additional ten to fifteen days will be required for the closing(s). 5. Taxes: prorated to the date of closing(s) in arrears on a calendar year basis. 6. Title Insurance: an owner’s policy of title insurance will be provided to the purchaser(s). 7. Terms: cash at closing. 8. Possession: at closing (except for tower and easement that is not owned by the seller). 9. If the property is financed, any appraisals, points, inspections, surveying, treatments, repairs, etc., are the buyer’s expense. 10. Announcements made by the auctioneers sale day will take precedence over printed and/or oral statements. Information in this flyer and other printed materials have been obtained from sources deemed reliable but neither Stanton’s nor the titleholders and their representatives make any guarantee therein. The property is being sold in “AS IS, WHERE IS” condition with no expressed or implied warranty of any kind. The auctioneers and the titleholders and their representatives will assume that the buyer(s) is relying on their own judgment and inspection regarding the property. 11. Property Code Number: 04-026-001-00 12. SEV: $117,200 13. No buyer's premium will be charged. 14. The auction is being audio tape recorded.