The May 31 Auction is a unique opportunity to buy property for a Rural Lifestyle, an Investment in a buyer’s market or a Retirement property.

1. BIDDER REGISTRATION: All prospective bidders are to preregister with Adams County Real Estate prior to the auction. Preregistration prior to the auction is necessary in order to bid. Your name, address (including street name) and phone number, (optional) email address are to be submitted either in person, by telephone, by mail or email to Adams County Real Estate, 208-253-4888, glemser@ctcweb.net, or 100 Mosher, P. O. Box M, Council, Idaho, 8312. Bidders will receive a bidding number to use during the auction. The successful bidder will be required to sign an Earnest Money Agreement and place $10,000 Earnest Money with the local title company on the day of the auction. Earnest Money is to be in the form of a pre-approved check, cashier’s check or letter of credit from a bank. A successful bid at auction constitutes a legally binding contract of sale.

2. BIDDING ABSENTEE: A registered bidder may bid absentee if he has left bidding instructions with Adams County Real Estate and deposited Earnest Money of $10,000.00 with Timberline Title and Escrow. The bidder will also be required to complete an earnest money agreement to become effective on the day of bidding if the bidder becomes the highest bid. An absentee bidder is highly encouraged to take an opportunity to preview the property prior to the auction.

3. BIDDING: Bidding starts at 11:00 for small items and the Real Estate Auction will begin at 12:00 P.M. Saturday, May 31. All bidders are to pre-register prior to auction.

4. BROKER PARTICIPATION: A commission of 3% of the final bid will be paid to licensed Real Estate Agent or Broker whose buyer wins the bid and closes escrow on the auction property. To qualify for the commission, the licensed agent must register and accompany their client while inspecting the property. All registration of buyers by an agent is to be received and acknowledged by noon May 28, 2008.

5. BUYER’S PREMIUM: A 5% Buyer’s Premium will be added to the final bid in order to determine the final contract price.

6. CLOSING: Closing will take place within 30 days after the auction.

7. CONTINGENCIES: There will be no contingencies on the earnest money agreement.

8. FAILURE TO CLOSE: If for any reason you are unable to complete the contract of sale your earnest money deposit will be forfeited.

9. FINANCING: Your banking institution or Northwest Farm Credit Services, Ontario, OR, 541-823-2660, 800-597-7173, and Idaho First Bank, McCall, ID, 208-634-1000, John Mansisidor, VP Director of Building Services. These lenders are familiar with the real estate auction and property and would be glad to lend their assistance.

10. PROPERTY INSPECTION: It is highly recommended that a buyer preview the properties. The property is being sold in “AS IS condition.” Call Fred Glemser or Shirley Glemser (208-253-4888) to schedule an inspection time.

11. PURCHASE CONTRACT: The highest bidder receives the right and obligation to become the purchaser of the property. A Real Estate Purchase and Sale Agreement will be completed on the day of the auction. Buyer will also pay ½ of the closing costs associated with the transaction.

12. SELLER’S and AUCTIONEER’S DISCLAIMER: All announcements made by auctioneer shall take precedence over any previously written material or oral statements made. Conduct of the auction, increments of the bidding and decisions as to the high bidder will be at the direction and sole discretion of the Auctioneer. All information on properties is deemed to be reliable, with no liability for accuracy, errors, or omissions is assumed by seller or their agents. All auction properties are available for and subject to prior sale up to the date of the auction.

13. TITLE INSURANCE: Title Insurance will be supplied and paid for by the Seller, giving Buyer clear and marketable title subject to restrictions of record at close of escrow. Timberline Title and Escrow will act as the Escrow Agent and provide title insurance. Closing will take place at their office located at 104 Industrial Way, P. O. Box 6, Council, Idaho 83612. Telephone (208) 253-6886, Fax (208) 253-6887.