· BUYERS MUST CLOSE ON OR BEFORE 12/31/24

· Economic Sanctions Compliance (OFAC). Purchaser represents that neither Purchaser nor any of its subsidiaries or, to the knowledge of the Purchaser, any director, officer, employee, agent, affiliate or 
representative of the Purchaser is an individual or entity currently the subject of any sanctions administered or enforced by the United States Department of Treasury’s Office of Foreign Assets Control 
(“OFAC”), or other relevant sanctions authority nor is Purchaser located, organized or resident in a country or territory that is the subject of Sanctions; and Purchaser represents and covenants that it has not knowingly engaged in, is not now knowingly engaged in, and shall not engage in, any dealings or transactions with any Person, or in any country or territory, that is the subject of Sanctions.  Buyer acknowledges that Seller will run an OFAC check on both purchaser and their entity.

• 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 Disclosure. The source of the square footage represented for the property is courthouse records. Buyer understands and acknowledges that square footage measurements of a dwelling can vary from a few feet to several hundred feet regardless of source (County Assessor’s records, appraisal or appraisal measurement report, etc.). Buyer shall satisfy that the size and/or square footage of the dwelling 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. 

If the Property adjoins an impoundment of water with a normal operating capacity of 5,000 acre-feet, Buyer acknowledges receipt of the following: NOTICE OF WATER LEVEL FLUCTUATIONS. The water level of the impoundment of water adjoining the Property fluctuates for various reasons, including as a result of: (1) an entity lawfully exercising its right to use the water stored in the impoundment; or (2) drought or flood conditions.

Being a tract or parcel of land containing 0.606 acre in the J. S. Collard Survey, A-10, Madison County, Texas, and being more particularly the west 120' of Block #11 of the Townsite of Madisonville, Texas. Said 0.606 acretract of land being part of the old Farmers State Bank Property described in Vol. 129, Page 125, of the Madison County Deed Records, and part of the old Farmers State Bank Property described in Vol. 337, Page 511, of the Madison County Official Records. Said 0.606 acre-tract being more particularly described by metes and bounds as follows:

Beginning at a set P.K. nail in asphalt located at the SW corner of Block #11. Said P.K. nail being the intersection of the north line of Main Street and the east line of North Commerce Street. 

Thence N 24° 45' W and along the east line of North Commerce Street a distance of 220.00' to a set P.K. nail in asphalt, for the NW corner of Block #11, located on the south line of Cottonwood Street, Thence N 65° 00' E and along the south line of Cottonwood Street a distance of 120.00' to a set 1/2'' iron rod.  Thence S 24° 45' E and across Block #11, and through the west edge of a building, being the east edge of a bank building, a distance of 220.00' to a found P.K. nail in concrete, located on the north line of Main Street. Thence S 65° 00' W and along the north line of Main Street a distance of 120.00' to the Point of Beginning and containing 0.606 acre, more or less.