Ravenwood Condos Unit # 1

TERMS OF SALE Currently accepting Pre-Auction Offers!! REGISTRATION: Registration to bid is required at the live Auction. Buyers can register on site the day of the auction and will need proof of the appropriate Deposit funds as stated below. FINAL CONTRACT PRICE: A 11% (eleven percent) Buyer’s Premium will be added to the high bid to establish the Final Contract Price. The bidder with the high bid will be required to sign an Oregon Real Estate Sale Contract at the Final Contract Price. DEPOSIT: ($5,000) Proof of Deposit will be required. The deposit may be in the form of cash, personal check, business check, or cashier's check. Balance of the Final Contract Price due within 30 days from the date of the Acceptance of the offer. Deposit funds are non-refundable upon seller’s acceptance. YOUR BIDDING IS NOT CONTINGENT UPON FINANCING Property is being sold “Subject to seller’s confirmation” which we should have within 24 hours. BROKER REGISTRATION: A Broker Registration Form is required by Fax or Mail to Stuart Realty Group, Inc. or Free and Associates Auction/Realty received by 5pm on Friday April 25th 2008, Stuart Realty Group, Inc. Office Fax: 503-263-7254 USPS mail to 370 NW 1st Ave. “B” Canby, OR 97013 e-mail form will also be accepted as long as they are verified by a representative of the auction companies. e-mail Tim@StuartRealtyGroupInc.com or e-mail Bill@StuartRealtyGroupInc.com CLOSING: Closing shall occur on or before 30 days after Acceptance of the offer. POSSESSION: Possession shall be 5pm on closing date. Unless unit is on a lease. (six properties currently have tenants) TITLE: Normal Title Insurance and escrow closing fees apply. Title insurance will be provided by the seller insuring the title on such property to be in fee simple, subject to no encumbrances except for current taxes and assessments, easements, right of ways, reservations, covenant, conditions, and restrictions of record. A copy of the preliminary title report will be provided prior to close of escrow. This transaction shall close in an escrow office, escrow fee to be split 50/50. Taxes will be pro-rated. EASEMENTS: Sale of property is subject to any and all easements, restrictions, roadways, and right-of-way's of record. DISCLOSURE: Free and Associates Auction/Realty and Stuart Realty Group, Inc. represent the Seller’s exclusively. The property is being sold on an 'AS IS, WHERE IS' basis, with no warranty or representation, expressed, written or implied. Auctioneer reserves the right to delete any property from the auction. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. Neither Seller, Auctioneer, nor their respective agents, representatives, employees, officers, directors, or shareholders shall be liable for any inaccuracies, errors or omissions in this brochure or in any related document submitted or delivered in connection herewith. All acreage, dimensions, square footage, and taxes in the brochure are from Public record and are deemed reliable but are not guaranteed. SELLERS RESERVE THE RIGHT TO SELL THE PROPERTY PRIOR TO THE AUCTION