• DO NOT BID unless you have read the Williams & Williams Terms and 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 and 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, WHERE-IS, 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.

THAT PORTION OF THE RANCHO TOPANGA MALIBU SEQUIT, AND THAT PORTION OF LOT 181 OF TRACT NO. 10570, IN THE CITY OF MALIBU, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA AS PER MAP RECORDED IN BOOK 161 PAGES 36 TO 42 INCLUSIVE OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, DESCRIBED AS A WHOLE AS FOLLOWS: 

BEGINNING AT A POINT IN THE WESTERLY LINE OF THE LAND DESCRIBED IN DEED TO A.T. KUEHNER AND WIFE, RECORDED ON NOVEMBER 26, 1948 AS INSTRUMENT NO. 1138 IN BOOK 28808 PAGE 129 OFFICIAL RECORDS OF SAID COUNTY, THAT IS DISTANT SOUTH 3° 30' 50" WEST 186.55 FEET FROM THE NORTHERLY EXTREMITY OF THE COURSE DESCRIBED IN SAID DEED AS "SOUTH 3° 30' 50" WEST 263.01 FEET" IN THE ABOVE-MENTIONED DEED; THENCE FROM SAID POINT OF BEGINNING, NORTH 89° 50' 35" EAST 319.13 FEET; THENCE NORTH 39° 58' 35" EAST 33.65 FEET; THENCE NORTH 0° 32' 55" WEST 140.63 FEET; THENCE NORTH 54° 42' 05" EAST 110.20 FEET TO THE NORTHEASTERLY LINE OF SAID LOT 181; THENCE ALONG SAID NORTHEASTERLY LINE SOUTH 44° 08' 55" EAST 35.00 FEET TO THE MOST EASTERLY CORNER OF SAID LOT 181; THENCE SOUTH 57° 53' 40" WEST 68.00 FEET TO THE MOST SOUTHERLY CORNER OF SAID LOT 181; THENCE FOLLOWING THE BOUNDARY LINE OF
SAID TRACT NO. 10570 SOUTHEASTERLY, SOUTHWESTERLY, WESTERLY AND NORTHWESTERLY AND WESTERLY ALONG THE VARIOUS COURSES TO THE NORTHWEST CORNER OF LOT 174 OF SAID TRACT; THENCE NORTH 3° 30' 50" EAST 76.46 FEET TO THE POINT OF BEGINNING.

EXCEPT FROM THAT PORTION OF SAID LAND LYING IN THE RANCHO TOPANGA MALIBU SEQUIT, ALL MINERALS, OIL, PETROLEUM, ASPHALTUM, GAS, COAL AND OTHER HYDROCARBON SUBSTANCES IN AND UNDER SAID LAND, BUT WITHOUT RIGHT OF ENTRY, AS RESERVED BY MARBLEHEAD LAND COMPANY, BY DEED RECORDED NOVEMBER 26, 1948 IN BOOK 28808 PAGE 148 OFFICIAL RECORDS.

SAID LAND IS ALSO KNOWN AS PORTIONS OF PARCELS 1 AND 2 OF PARCEL MAP NO. 8762 RECORDED IN BOOK 136 PAGE 25 OF PARCEL MAPS.

SAID LEGAL IS SHOWN AS PARCEL 2 OF CERTIFICATE OF COMPLIANCE NO. CC 100212 RECORDED OCTOBER 23, 1984 AS INSTRUMENT NO. 84-1265056 OF OFFICIAL RECORDS.