• 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.

• 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.

1.00 acre (or 43,560 square feet) of land out of the Southerly part of Reserve "A", of Champion Forest Subdivision, Section l, Harris County, Texas, according to the plat of said subdivision recorded in Volume 241, Page 18, Harris County Map Records, said 1.00 acre of land being described as follows:
Beginning at a 1 1/4 inch iron pipe at the Southeasterly corner of Reserve "A" and the Northeasterly corner of Lot 23 of Block 2 of said subdivision on a curve in the Westerly right-of-way line of Champion Drive, at this point of varying width;
Thence South 57 degrees 51 minutes 06 seconds West with the Northerly line of Lots 23, 22 and 21 and the Southerly line of Reserve "A" 218.55 feet to a 1 1/4 inch iron pipe for corner at the Southwesterly comer of Reserve "A";
Thence North 31 degrees 46 minutes 02 seconds West with the Westerly line of Reserve "A" 200.72 feet to a 1 1/4 iron pipe for corner;
Thence North 57 degrees 53 minutes 15 seconds East across said Reserve "A" 216.10 feet to a 1 1/4 iron pipe on its Easterly line and said Westerly right-of-way line of Champion Drive, at this point 100 feet wide;
Thence in a Southerly direction with said line with the following two (2) courses and distances:
(1) South 32 degrees 19 minutes 52 seconds East 177.85 feet to a 1 1/4 inch iron pipe at a point of curve, and
(2) With said curve to the left having a radius of 540.00 feet, a central angle of 2 degrees 24 minutes 43 seconds and an arc length of 2273 feet (the chord of said arc bears South 33 degrees 32 minutes 14 seconds East 22.73 feet) to the place of beginning.