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OR FAX FORM ON PAGE 75 TO 503-242-1814
www. rmnw- auc t i ons . c om
R E A L T Y M A R K E T I N G / N O R T H W E S T
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. Coop-
erating brokers will not share in any payment of liquidated
damages.
Buyers must register their real estate agent on the Sealed Bid
Form.
No real estate agent will be recognized for a Buyer where that
Buyer has previously contacted, or been contacted by, the
Seller, or Realty Marketing/Northwest, concerning the Auc-
tion Property purchased. 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 the full and final closing by the Buyer on the convey-
ance of the property and the receipt of the full purchase price
by Seller. No exceptions to this procedure will be made and no
oral registrations will be accepted.
ADDITIONAL CONDITIONS
(A) No claim will be considered for allowance, adjustment or
rescission based upon failure of the property to correspond to
any particular expectation or standard (except the Preliminary
Title Report).
(B) Title insurance is available for the property, insuring the
title of such property to be in fee simple, subject to no en-
cumbrances except for current taxes and assessments, ease-
ments, rights-of-way, reservations, covenants, conditions and
restrictions of record, purchase money financing and printed
exceptions in the standard form Owner’s Title Policy. A copy of
the Preliminary Title Report for the property may 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 respon-
sible for evaluating the property and shall not rely on the
Seller or sales agents. Buyer will take possession at the close
of escrow.
(D) Sizes and square footages set forth for the property are
approximations only, based on the best information available,
but the actual sizes and square footages 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, represents the Seller in these transac-
tions.
(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 conditions of sale and to announce such
modifications or additional conditions either prior to or at the
Auction.
(G) Offer void where prohibited. Catalog will not be mailed to
residents of any state in which this offering is not in compli-
ance 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/North-
west makes no warranties expressed or implied as to the ac-
curacy of the information contained herein.
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TERMS AND CONDITIONS OF
THE AUCTION #1505
REALTY MARKETING/NORTHWEST
AUCTION INFORMATION OFFICE
Oregon Office:
522 S.W. 5th Avenue, Suite 725
Portland, OR 97204
Phone: (during regular business hours):
Portland Metro Area
(503) 228-3248
Elsewhere
(800) 845-3524
Facsimile
(503) 242-1814
Email:
SUPPLEMENTAL INFORMATION PACKAGE
More detailed information is available for the property. A Sup-
plemental Information Package, which includes all pertinent
data provided by the Seller on the property, is available by
calling Auction Information Office at 1-800-845-3524.
PUBLISHED RESERVE
This property, including all furnishings, equipment and fix-
tures, is offered with a Published Reserve Price of $2,750,000.
This means that when the bids reach or exceed the amount of
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 reserves
the right to accept, counter or reject the high bid no later than
five business days following the Auction.
BID PROCESSING AND CLOSING
Sealed Bids are due July 29, 2015 by 5:00 p.m. The bid
must be accompanied by a certified or cashier’s check in the
amount of ten percent (10%) of the bid amount made payable
to Realty Marketing/Northwest Client Trust Account. Prior to
making a bid, refer to the Supplemental Information Package
with regard to customary closing costs including, but not lim-
ited to, recording fees, normal prorations, title fees, transfer
and/or excise taxes (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 recreational. Due diligence must be completed
prior to bid submission.
Bidders will be notified of acceptance or rejection of bids no
later than August 5, 2015. The earnest money deposit from
the successful bidder will be considered earned and become
non-refundable liquidated damages in the event of Buyer’s
default.
Unsuccessful bidders’ earnest money will be returned within
three business days of Seller’s rejection.
The closing of the transaction will be no later than October
1, 2015.
FINANCING
Sale is ALL CASH. Please see information under Financing
about Bank of Eastern Oregon as preferred lender, with financ-
ing available to qualified parties.
COOPERATING BROKERS
Broker cooperation is invited. A commission of 2% will be
paid to the real estate agent whose Buyer closes on the pur-
chase of the Auction Property. The real estate agent must be
