SPECIFIC TERMS OF SALE

This sale of this Real Property will be an Auctions-West “e-Auction”. An “e-Auction” is a silent, eBay-style auction that occurs exclusively on the Auctions-West Internet site (as opposed to live or via satellite) where the Auctions-West web site acts as auctioneer. Bidding is permitted during a specific period of time. Asking bids are presented as a pre-determined increment above the current bid. The conclusion of the sale occurs at a specific, pre-ordained time. Bidders are given fair warning regarding the exact time of conclusion. At the conclusion of the sale, the high bidder will be the successful bidder, unless the property in question was sold with a reserve price that was not met by the high bid. The Auctions-West web site will provide notice to bidders if their bid has failed to surpass the reserve price. Bidders will also be notified by e-mail if they have been outbid.

Only if you have a bidder number and password, and are pre-qualified for this sale, will you be allowed to bid.

This “e-Auction” will require a credit approval for at least $_(Specified on individual properties) for bidders to be able to bid on the Real Property.  The winning bidder will send a Cashiers check or a wire transfer in the amount of $_(Specified on individual properties) made out to Omni West Real Estate, LLP or assigns. Said funds will be required to be sent to Omni West Real Estate, LLP within 48 hours of the close of the Auction.

TERMS Cash to seller.

The auction of the Real Property will close at the appointed Time (Specified on individual properties) at 5:00pm.

The successful bidder will need to sign the Real Estate Purchase Contract and due diligence documents within 24 hours of the close of the auction.  The escrow shall close no later than Date specific to specific property.

In the event of default of the buyer, the $(Specified on individual properties) shall become liquidated damages to Auctions-West, Inc. and the seller.

Bidders are required to conduct any research or due diligence prior to making a bid. Bidders are encouraged to physically inspect the site during the viewing period (Specified on individual properties)   by appointment only). However, property may be inspected at buyer’s convenience by appointment only. Bidders need to contact their assigned Auctions-West, Inc. representative for a date and time to view the property.

Buyer’s premium on this Real Property is 5% (five percent). The buyer’s premium is added to the bid price to determine the total amount due from the buyer.

Auctions-West, Inc. is a DBA of Shasta Land Services, Inc. a California Real Estate Brokerage acting as a Real Estate Broker representing the seller in this auction, along with the listing broker Omni West Real Estate, LLP a licensed Colorado real estate broker. Bidders who have legal questions should contact an attorney. Those that desire real estate information & guidance should contact a licensed Real Estate Broker to assist them in doing their investigation.

Bidders must do their investigation and due diligence prior to bidding. Once the auctioneer (in this case, the Auctions-West web site) sells the property to the successful bidder at the close of the auction, the bidder is assumed to have done all their investigating and is buying the property “as is.” The information given bidders in the due diligence packages is supplied by the various sources deemed reliable, but Shasta Land Services, Inc. and Auctions-West, Inc, and Omni West Real Estate, LLP a licensed Colorado real estate broker, do not assume responsibility for its accuracy or completeness. A prospective buyer should verify all data to his/her own satisfaction and seek the advice of legal counsel on issues such as water rights, leases, tax consequences, zoning, etc. Buyer is to rely solely on his/her independent and due diligence as to the feasibility of the property for his/her own purposes. Maps included in this brochure are for general information only and, while believed to be substantially accurate, are not of "survey" or expert quality. Property is subject to prior sale, price change, correction, or withdrawal from the market without notice.

Upon acceptance of an offer, the Buyer (s) will enter into and sign a Contract to Buy and Sell Real Estate  - All types of Properties (an approved form of the Colorado Real Estate Commission) for the amount of the offer. Required earnest money deposit in the amount predetermined in the Listing contract in the form of cash or check is due upon signing of the contract made payable to Omni West Real Estate, LLP or assigns. The balance of terms related to title, finance, deed, closing date, surveys, appraisal, rents, growing crops, unpaid taxes, FSA determinations, minerals, acreages, possession and any other contingencies will be contained within the Contract to Buy and Sell Real Estate (All types of Properties).

Acceptance or rejection of Buyer’s additional provisions, contingencies, terms and price will be at the sole discretion of the Seller. Less favorable terms accompanying the highest bid may induce the Seller to accept a lower bid with more favorable terms and fewer contingencies.

Brokerage: Omni West Real Estate, LLP and any other Broker involved will be acting as a Transaction Broker.

Only if you have a bidder number and password, and are pre-qualified for this sale, will you be allowed to bid.

 Forms to be signed by Buyer and Seller have been approved by the Colorado Real Estate Commission