* DO NOT BID unless you have read the Williams & Williams Terms & Conditions of Sale, the Contract for Sale, Property Disclosures, all available due diligence materials, and the Auction Day Notes for each property. BY PLACING YOUR BID, YOU AGREE TO BE BOUND BY THE PROPERTY SPECIFIC CONTRACT FOR SALE, DISCLOSURES, AUCTION DAY NOTES, AND THE WILLIAMS & WILLIAMS TERMS & CONDITIONS OF SALE.

* Due diligence materials (environmental, survey, title, contract, etc.) available under cover of CNRA.

* Above Ground Storage Tank (AST) Disclosure. Seller discloses that there is an above ground storage tank (AST) on Property. Buyer acknowledges and understands that neither Seller, Williams & Williams, nor its agents make any assertions or guarantees as to the condition of the above ground storage tank. Buyer is purchasing the Property as-is, where-is, and is responsible for all costs and remediation required by any governing authority.

* Well Potability Disclosure. Neither Seller, Williams & Williams, nor its agents make any assertions or guarantees as to the condition or potability of the well reported to be on this Property. Buyer is purchasing the Property as-is, where-is.

* All properties are sold "AS IS, WHERE IS" with no financing, inspection or other contingencies to sale.

* Escrow. Buyer acknowledges receipt of the Joint Escrow Instructions that modifies the Contract for Sale to provide for a designated Escrow Agent to hold down payment funds. Buyer and Seller agree that the Escrow funds may be held in a trust/escrow account located outside of the state where the Property is located.

* Property Tax Disclosure Summary: Buyer Should Not Rely On The Seller�s Current Property Taxes As The Amount Of Property Taxes That The Buyer May Be Obligated To Pay In The Year Subsequent To The Purchase. A Change Of Ownership Or Property Improvements Triggers Reassessments Of The Property That Could Result In Higher Property Taxes. If You Have Any Questions Concerning Valuation, Contact Property Appraiser�s Office For Information.

* Square Footage/Acreage Disclosure. The source of the square footage or acreage represented for the property is from public record. Buyer understands and acknowledges that square footage or acreage measurements of a property can vary from a few feet to several hundred feet regardless of source (County Assessor�s records, appraisal or appraisal measurement report, survey, etc.). Buyer shall be solely responsible for satisfying that the size and/or square footage or acreage of the property is acceptable to the Buyer.

* Personal Property Not Included. Only title to the real estate is being conveyed. Personal property may be present, but is not included in the auction. Removal of personal property remaining on site at the time of closing is the responsibility of the Buyer.

* Zone, Code, and Use Disclosure. Buyer acknowledges that the Property shall be purchased �AS-IS, WHEREIS, WITH ALL FAULTS.� The Property may be subject to city, village, and/or county code or zoning violations, and Buyer accepts the property subject to any such violations. Buyer agrees to conduct an independent search of all property records in the city, county, and/or village prior to bidding and has bid accordingly. Buyer shall be responsible for any and all required remediation of the property, if any. Buyer shall not rely on any information provided by the Seller or Williams & Williams regarding the status of any code or zoning violations, and shall base its decisions on its independent inspection. Buyer also acknowledges that the property may be subject to city, village, and/or county occupancy regulations and requirements which may impact the current and/or future use of the properties. Buyer acknowledges that the seller and Williams & Williams make no warranties of any nature, express or implied, as to the permitted uses of the property, and any prohibition of buyer�s intended use of the property shall not be a grounds for terminating the contract.

* Pictures may not reflect specific parcel, entire parcel, or current conditions of any structures that are present.

* Texas law requires that auctioneers notify consumers that consumers may contact the Texas Department of Licensing and Regulation, PO Box 12157, Austin, TX 78711 or by phone at 800-803-9202 for the purpose of making a complaint regarding a Texas auction.

* Texas Law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords. This information is available in the Helpful Tools & Links section.

The surface only of that certain ten acre tract of land out of the East part of Section 21, Block 5, H&GN Ry. Co. Survey, Reeves County, Texas, described as follows: BEGINNING at the Southeast corner of that certain 58.49 acre tract of land surveyed by Fred P. Armstrong, Licensed State Land Surveyor of the Stale of Texas, under date of December 3, 1965, which survey of said 58.49 acre tract duly recorded in the office of the County Clerk of Reeves County, Texas, and to which survey and its record reference is here made. THENCE N 78 deg.15' W 800 feet to a stake for the SW Corner of the tract hereby conveyed: THENCE N 11 deg. 45' E 544.50 feet to a point in the West Boundary line of said 58.49 acre tract for the NW corner of this tract hereby conveyed; THENCE S 78 deg.15' E 800 feet parallel to the North Boundary Line of said 58.49 acre tract for the NE Corner of the tract hereby conveyed; THENCE S 11 deg. 45' W 544.50 feet along said East Boundary Line of said 58.49 acre tract to the point and place of BEGINNING, the same being the SE corner of the tract hereby conveyed

TX Williams & Williams Worldwide Real Estate, LLC; David Montalvo, Lic. No. 595597.; Keith W. Babb - TX - Auctioneer 6701