Specific Terms and Conditions of Sale
Addendum to Purchase and Sale Agreement

PURPOSE:
To provide terms and conditions specific to the property listed in addition to the general terms and conditions that can be found by clicking the terms link on this page. Both specific general terms and conditions shall govern the conduct of the sale.

The general terms and conditions are published and may remain constant for each sale.
The specific terms and conditions may signify certain attributes that are conditional to the property described below.

SALE TYPE - AGENCY
Seller has initiated the liberty of bidding and property shall be sold subject to seller's confirmation. Brokers and Auctioneers represent the seller and shall not represent the buyer.

INFORMATION ABOUT BROKERAGE SERVICES

TEXAS REAL ESTATE COMMISSION CONSUMER PROTECTION NOTICE

Legal Address:
Property ID: 06143601
Legal Description: BOSWELL, WILLIAM E SURVEY Abstract 240 Tract 1A8B 1A8A3

ADDRESS:
6326 Silver Creek Azle Rd., Azle, TX 76020

SPECIFIC TERMS and CONDITIONS
Terms and Conditions of the sale may change and shall be an addendum to General Terms and Conditions. Certain requirements may vary from sale to sale. Such changes shall be considered specific terms of the sale. Specific terms and conditions may include, however not limited to the amount of Option Money Required, Escrow Deposits, Time to Close, Buyers Premium, Auctioneer Fees, Real Estate Brokerage Requirements. Other terms that apply to the property being offered. Such terms may change without individual notice. It is incumbent on the purchaser or any agent to read all terms and conditions prior to bidding or making an offer.

ORDER OF SALE
The Broker Auctioneer shall determine the method of sale and shall retain the right to schedule, reschedule or determine the platform and how the sale will be processed.

Property may be offered as single property. Property may be divided into separate parcels.
The method that produces the best offer to the seller will determine how this property sells. Property is selling subject to Seller's approval. Sellers have initiated the liberty of bidding and may make adjustments accordingly. Seller has authorized to refuse bidding privileges to persons that do not qualify or to those that will not comply or those who refuse to comply with bidding procedures.

PROCESSING of BIDS (OFFERS)
Broker Auctioneer under the direction of the seller may process bids (offers) submitted with proper qualifications that satisfy the sales process. Additional information may be found under the Bid Administration tab. Bids (Offers) may be subject to additional payments or fees such as auctioneers fee, buyer premiums, closing costs. The offer amount or bid may be used to determine the highest offer, if you desire you may make additional offers or bid during the process until the Auctioneer closes bidding after acceptance of a qualified offer by the seller. Bid increments shall be administered by the Auctioneer up to the close of bidding. Opening bids will be at the discretion of the Auctioneer being subject to refusal.

OPENING BID
A written bid is required to initiate purchase rights. Bids (offers) may be lower than the suggested opening bid, however, may not warrant suitable or acceptable requirements of the seller. All being subject to Multiple Offer Management. Opening bids or subsequent bids remain conditional.

PURCHASE AND SALE AGREEMENT (CONTRACT SAMPLE)
Will be available for review prior to bidding upon request. Purchaser will be required to execute and return immediately after the bid award along with required payments.

TAXES
Taxes currently due shall be prorated on the day of closing. As reported by the county tax collector or issued tax certificates. Tract sold divided may require tax valuation adjustments by local taxing authorities.

INSPECTIONS PREVIEW
Conduct Final Inspections prior to sale date. Special requests considered. Text (469) 460-4848.

SALE DATE
Time is of the essence as soon as purchase and sale agreements or other contract documents are executed to confirm the sale bids as soon as the purchaser may be readily available to submit. Subject to change at seller direction. Property may be sold prior to bid date without notice or announcement.

EXPECTATIONS
Purchasers are to inspect the property at their own expense. Escrow deposits in addition to closing costs, buyer's premium shall be the purchaser's responsibility. This transaction shall be non-contingent on financing.

BROKER PARTICIPATION
A duly qualified broker may be paid up to 1-3% fee based on the consummated purchase at bid award with allowable registration subject procuring cause rights. Subject to Buyers Premium payment.

AUCTION FEE
The Auction fee is the Buyer's premium as explained in the next paragraph. The Auction fee is non-refundable and becomes property of the Auctioneer and shall be made readily available for immediate use.

BUYERS PREMIUM
The Buyer's Premium (Auctioneers Fee) is calculated on the amount of the contract price, or the amount accepted at the bid award then transferred to the purchase and sale agreement. At bid award the buyer premium becomes property of the Auctioneer subject to immediate deposit. Purchasers may not restrict, hold, or demand repayment after the confirmation of sale. In the event of collection procedures, the Auctioneer may use all lawful means necessary to collect and recover all costs and attorney's fees associated with this bid offering, collection of buyer's premiums or other auctioneer's fees established that are due and payable.

TERMS OF SALE
The successful Purchaser(s) shall sign and return a sales contract immediately after confirmation and acceptance of bid. Then by wire transfer or certified funds, for option money and/or escrow deposits shall be sent immediately after acceptance of offer. A 10% Buyer's Premium will be calculated on the bid price on sales price then payable to Myers Jackson, Texas Auctioneer TDLR 17057 immediately after confirmation and acceptance of offer.

Escrow Deposit. $5,000 minimum Payable to Capital Title of Texas - Colleyville, 1105 Glade Rd., Ste #200, Colleyville, TX.

Auctioneers Fee: $To be determined, shall be paid immediately after bid award. Payments not made in a timely manner after bid award shall be subject to revocation of bid award.

CERTIFICATIONS
Purchaser(s) proof of payment will be certified by the Purchaser at closing. Certified funds will be required to bid in the amount of $100,000-$200,000 plus any balance of required earnest deposits option money and/or Buyers Premium to be tendered on the day of execution of contract with bank letter of guarantee submitted.

OPTIONS
The Buyer may or may not propose an option period to purchase this property. Option money shall be paid at the direction of the Seller. Extended option periods may increase the actual amount of option money paid. No option money is paid if option period is not requested by the buyer.

ESCROW DEPOSIT
Suggested closing agent to hold money: CAPITAL TITLE OF TEXAS-COLLEYVILLE, 1105 GLADE RD. STE. 200, COLLEYVILLE, TX 76034, Izzy Lane, Escrow Officer at (817) 916-8930. Earnest Money will be applied toward the purchase of property subject to Independent Consideration. No matter the closing agent, Buyers Premium belongs to Myers Jackson. Option money shall belong to the seller at the time of contract execution. Appropriation of all funds shall be reflected on the closing document.

CONTRACT, PAYMENTS AND CLOSING
Time is of the essence this transaction. The sale period shall close on or within the same day of the executed contract. Purchasers shall be required to sign a purchase and sale agreement immediately after bid award. Certified funds for the total payment, all required deposits, escrow deposits, option money, auction fees, other considerations and/or any balance due at closing shall be required. Actual dates to transfer title of rea property shall be no longer than 30 days or sooner dependent upon the actual number of days in the agreement.

APPRAISALS
Purchasers may conduct an independent appraisal prior to bid award. Purchase is non-contingent on appraisal or other third-party valuations.

DISCLOSURE
Additional disclosures may be available up request at MyersJackson.com and MyersJackson.bid

AUTHENTICITY
The information shall be deemed true and correct; however, the purchaser shall be responsible for independent verification prior to bidding at purchaser's expense.

NOTABLE OBSERVATIONS

Subject Property: Compatible with the Neighborhood

Energy Source: Electrical

Dimensions: Regular Conforming

Proximity: Average for Schools, Commerce, Employment

USE Zoning: Residential

Location: 6326 Silver Creek Azle Rd., Azle, TX 76202

Landscaping: Natural

Upgrades: Solar Panels May Be Purchased Separate

Physical Deficiencies: Repairs Needed

Environment Impact: No Negative Impact Known

Neighborhood Boundaries: Tarrant County, TX

Market Conditions: Favorable

Overall Condition of the Property:
Any observation shall not be meant to be any warranty of condition; no guarantee shall be made to the accuracy of the noted element. Property shall transfer by deed of record and any claims attached unless otherwise announced. Subject to Zoning, Planning, any government regulation as recorded at time of purchase.

REGISTRATION
Each person participating in a potential or any person that wishes to attend an open house, property inspection or showing, maybe required to register in advance of entry into the property all being subject to seller requirements of preferential invitation. Agents with proper credentials may enter property with valid supra or permission granted to utilize the key box. Seller, Broker and Auctioneer will comply with all fair housing regulations; however, entry may be restricted based on the following: Sellers, Brokers and Auctioneers may analyze cash availability, delivery of earnest money, buyer's premium, auction fees and/or other payments, and then may reduce, alter, amend or suspend requirements on a case by case basis.

1. Registration in writing, Myers Jackson Bidding Platform or other approved method.
2. Proper Statement of Funding and/or Proof of funds that show capabilities to purchase.
3. Agree to Conditions of Sale in advance of entering property: home or grounds.
4. Enter Factual Buyer information at https://myersjackson.bid

HOW TO REGISTER AND BID ON-LINE
1. Logon to: https://myersjackson.bid
2. Read, accept term and conditions
3. Enter factual buyers' information
4. Make the highest possible bid
5. Follow, check for additional bids
6. If awarded the bid, prepare to sign contract
7. On-line bidding may be combined with live auctions
8. Information About Brokerage Services
9. Texas Real Estate Commission Consumer Protection Notice
10. To Contact the Texas Department of Licensing and Regulation


DISCLOSURES "Myers Jackson" is licensed as a Real Estate Broker: AL, FL, GA, MS, NY, OK, NM, KY, TN, PA, KS, CO, NC. Myers Jackson Licensed Texas Real Estate Broker. Myers Jackson Licensed Auctioneer: Florida AB3428-AU2726, Georgia AU003046, Mississippi, 1302-1303F, Louisiana AU1805, South Carolina AU4313, Ohio 2012000042, Indiana 11200062, Pennsylvania AU5771, Virginia AU004173, Texas AU17057, Kentucky 255878, Tennessee AU6617, North Carolina 9339-9331. Auctioneer License Disclosures may be found on Individual pages within the website MyersJackson.com

Property is available for pre-bidding. Open house may be announced in the future, however offers may be received with the properties "as-is" condition. All offers may be reviewed by TREC contract submission, other written offers, email, text, electronic submission, or online. Moreover, all offers shall be reduced to acceptable terms and conditions in writing. Seller may alter terms and conditions and accept an offer without notice. Pre-Bids should include your highest and best offer. All bids/offers shall be reviewed, however subject to rejection. Terms apply. 10% Buyers Premium Information About Brokerage Services Texas Real Estate Commission Consumer Protection Notice To Contact the Texas Department of Licensing and Regulation Myers Jackson License Disclosures Myers Jackson TX Broker 0698695 Myers Jackson TX Auctioneer TDLR 17057