43
TERMS AND CONDITIONS OF AUCTION #1308
REALTY MARKETING/NORTHWEST
AUCTION INFORMATION OFFICE
Corporate Office
522 SW Fifth Avenue, Suite 1250
Portland, Oregon 97204
Phones (during regular business hours -
8:30 AM to 5:00 PM Pacic Time):
Portland Metro Area
(503) 228 3248
Toll Free
(800) 845-3524
Facsimile
(503) 242-1814
Email
SUPPLEMENTAL INFORMATION PACKAGE,
WITH BID DOCUMENTS
More detailed information is available on the Desolation Creek and
Wilkins Creek properties. A signed Condentiality Agreement is re-
quired in order to obtain a Supplemental Information Package, which
includes all pertinent data provided by the Seller, and is available in ei-
ther hard copy, or CD, or by email. To request a copy of the Supplemen-
tal Information Package, please contact the Auction Information Office
at 1-800-845-3524 or at
PUBLISHED RESERVE
The properties are being offered with Published Reserve Prices. When
bidding reaches, or exceeds, the Published Reserve Price, the Seller is
committed to sell the property to the high bidder. Should the bidding
fail to reach the amount of the Published Reserve Price, the Seller re-
serves the right to accept, counter or reject the high bid no later than ve
business days following the Sealed Bid due date of December 4, 2013.
SEALED BID DUE DATE
Sealed Bids are due no later than 5:00 PM., Wednesday, December 4, 2013.
FINANCING
Northwest Farm Credit Services is the preferred lender, and nancing
may be available to qualied parties. Please see Supplemental Informa-
tion Package for details.
COOPERATING BROKERS
Broker cooperation is invited. A commission of 1% will be paid to the
real estate agent whose Buyer closes on the purchase of the Property.
The real estate agent must be a broker currently licensed by his/her state
of residence, or a salesperson licensed under such broker. Cooperating
broker commission will be paid only upon close of escrow. Cooperating
brokers will not share in any payment of liquidated damages.
No commission will be paid to any real estate agent participating as
a principal in the purchase of the property. The commission will be
earned and paid only upon full and nal closing by the Buyer on the
conveyance of the property and the receipt of the full purchase price
by Seller.
CLOSING
Closing must occur no later than January 20, 2014 unless extended by the
Seller in writing. Prior to making a bid, refer to the Supplemental Infor-
mation Package with regard to customary closing costs including, but not
limited to, recording fees, normal prorations, title fees, transfer and/or
excise taxes (if applicable), sales tax on personal property (if applicable),
local improvements and irrigation district assessments (if applicable),
and document preparation fees. Buyers will be responsible for any real
estate compensation taxes or rollback taxes and penalties as a result of a
change in use or designation of the property including, but not limited to,
a change from open space, agriculture, forest land or recreation.
ADDITIONAL CONDITIONS
(A) No claim will be considered for allowance, adjustment or rescission
based on failure of the property to correspond to any particular expec-
tation or standard, except for the Preliminary Title Report.
(B) Title insurance is available, ensuring title of the property to be in
fee simple, subject to no encumbrances except current taxes and assess-
ments, easements, right of ways, reservations, covenants, conditions
and restrictions of record, purchase money nancing and printed ex-
ceptions in the standard form Owner’s Title Policy. A copy of the Pre-
liminary Title Report for the property should be inspected prior to the
Auction.
(C) To the extent permitted by law, the property will be sold “As Is”.
Prospective buyers should examine the property and all supporting
documentation carefully. Each bidder is responsible for evaluating the
property and shall not rely on the Seller or sales agents. All buyers will
take possession at close of escrow.
(D) Sizes and square footages set forth are approximations only, based
on the best information available, but the actual sizes and square foot-
ages may be different. All sketch plans are conceptual in nature and
neither Seller nor its agents have submitted plan or made applications
to any public agency.
(E) Agency Disclosure. The selling and listing agent, Realty Marketing/
Northwest, represent the Seller in this transaction.
(F) Seller has the right to postpone or cancel the Auction in whole or in
part, at its sole discretion, and to modify or add any terms and condi-
tions of sale.
(G) Offer void where prohibited. Catalog will not be mailed to the resi-
dents of any state in which this offering is not in compliance with the
real estate laws or other laws of that state.
(H) The information contained herein has been gathered from sources
deemed reliable; however, Realty Marketing/Northwest makes no war-
ranties expressed or implied as to the accuracy of the information con-
tained herein.
Need Help?
Realty Marketing/Northwest prides itself on the quality of its service.
If at any time you need assistance please contact John Rosenthal, Presi-
dent, at (800) 845-3524 or (503) 228-3248.
