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2700 Estates Drive - Absolute Auction

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2700 Estates Drive - Absolute Auction Property Information Package
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Acres 8.23 +/- Acres Steel Building 2,665 +/- sf Living Area 960 +/- sf Living Room 17' X 13' Kitchen 11' X 9' Dining Area 9' X 8' Master Bedroom 17' X 11' Bathroom 9' X 7' Walk-In Closet 15' X 6' Utility Room 5' X 3' Storage Ample Throughout Porch 60' X 10' Beathtaking Views Well 395' Well Depth - Santa Rosa 2010 Taxes Approx. $1,127.26 ABSOLUTE REAL ESTATE & PERSONAL PROPERTY AUCTION MARCH 26TH Brent Graves TX LIC #13507 2744 Duniven Cir. Amarillo, Tx 79109 806-553-1960 [email protected] ABSOLUTE AUCTION! Name Your Price! 2700 ESTATES DRIVE AMARILLO, TX This unique Bishop Estates property has the benefits of living in the country while only being minutes from I-40 and downtown. Nestled on 8.23 +/- Acres, this home as room for growth. The 2,265 +/- sf steel building consists of 960 +/- sf living area, 3 bays with overhead doors, 2 walk-in doors, skylights & 3 roof vents. This shop is a perfect fit for RV storage. Full-time RVers can use this property as a home base. Being minutes from Amarillo’s excellent health care facilities and schools, this is a prime spot to stay a while before hitting the road again. Once you decide to travel again, you are moments from I-40. Directions to Property From Tascosa Exit off of Loop 335: North on FM 1061 3.5 miles. Left on Ranch View Drive 1.1 miles. Right on Estates Drive 1.3 miles. 2700 Estates Drive is on the left.
Transcript
Page 1: 2700 Estates Drive - Absolute Auction

Acres 8.23 +/- Acres

Steel Building 2,665 +/- sf

Living Area 960 +/- sf

Living Room 17' X 13'

Kitchen 11' X 9'

Dining Area 9' X 8'

Master Bedroom 17' X 11'

Bathroom 9' X 7'

Walk-In Closet 15' X 6'

Utility Room 5' X 3'

Storage Ample Throughout

Porch 60' X 10' Beathtaking Views

Well 395' Well Depth - Santa Rosa

2010 Taxes Approx. $1,127.26

ABSOLUTE REAL ESTATE & PERSONAL PROPERTY AUCTION MARCH 26TH

Brent GravesTX LIC #135072744 Duniven Cir.Amarillo, Tx [email protected]

ABSOLUTEAUCTION!

Name Your Price!

2700 ESTATES DRIVE AMARILLO, TX This unique Bishop Estates property has the benefits of living in the country whileonly being minutes from I-40 and downtown. Nestled on 8.23 +/- Acres, this home as room for growth. The 2,265 +/- sfsteel building consists of 960 +/- sf living area, 3 bays with overhead doors, 2 walk-in doors, skylights & 3 roof vents.

This shop is a perfect fit for RV storage. Full-time RVers can use this property as a home base. Being minutes fromAmarillo’s excellent health care facilities and schools, this is a prime spot to stay a while before hitting the road again.Once you decide to travel again, you are moments from I-40.

Directions to Property From Tascosa Exit off of Loop 335: North on FM 1061 3.5 miles. Left on Ranch View Drive 1.1 miles. Right on Estates Drive 1.3 miles. 2700 Estates Drive ison the left.

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Property Information Package For

2700 Estates Drive Amarillo, Potter County, TX

Absolute Auction Schedule:

Friday, March 25th: Preview: 9AM-5PM CST

Saturday, March 26th

Registration Begins: 8AM CST

Personal Property Auction Time: 10AM CST Real Estate & Vehicles Auction Time: 12PM CST

Contact Our Office To Schedule a Showing

www.AllianceAuctioneers.com

Auction Contact: United Country—Alliance Auction & Realty

877-271-7891 Brent Graves—Auctioneer

806-553-1960 Texas License #13507

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Table of Contents

Page 1 Letter to Bidders

Page 2 Auction Terms & Conditions Page 4 Property Overview

Page 7 Maps Page 9 Legal Description

Page 11 Information About On-Site Sewer Facility

Page 13 Potter-Randall Appraisal District Tax Information Page 17 Restrictions on Bishop Estates Unit No. 1

Page 23 Title Commitment Page 36 Sample Earnest Money Contract

Page 42 Information About Brokerage Services

Page 43 Contact Information

www.AllianceAuctioneers.com

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All Prospective Bidders:

Each of us at United Country—Alliance Auction & Realty are honored that Georgia Fay Nicho-

las has decided to utilize the auction method of marketing and the services offered by our com-

pany to sell her real estate. Furthermore, we thank you for your interest and welcome your par-

ticipation in the auction process.

The property will be offered in one individual tract. This unique method of selling real estate

allows all interested parties to compete equally in an open, fair, and public forum.

We are providing this Property Information Package in an effort to assist you in your purchasing

decision. Additionally, our representatives will show you the property and contact our office

with any questions you may have. You are encouraged to have any buyer representatives or

lenders that may need important information to contact our office at 1-877-271-7891.

This Property Information Package (PIP) has been carefully prepared to assist you in your pre-

auction due diligence. Please carefully review the property information, disclaimers, and sample

earnest money contract as well as the terms and conditions of the auction.

Please refer to our website at www.allianceauctioneers.com for the most current information

about this and future auctions. Should you have any questions or need additional information,

please feel free to contact our office at 806-553-1960 or toll free 877-271-7891 or by email at

[email protected].

Good Luck at the Auction!!

Biddingly yours,

Brent R. Graves

Owner/Auctioneer

2744 Duniven Circle

Amarillo, TX 79109 877-271-7891

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Auction Terms & Conditions

PROCEDURE: Property will be offered as one individual tract. BUYER’S PREMIUM: A 10% Buyer’s Premium is in effect for all purchases. The Buyer’s Premium will be added to the ―High Bid Price‖ to determine the ―Sales Price‖ or ―Contract Price‖. DOWN PAYMENT: Ten percent (10%) down payment on the day of the auction, upon signing a purchase agreement immediately following the close of bidding. The down payment may be paid in the form of cash, personal check, business check, cashier’s check, or wire transfer. The remainder of the purchase price is payable in cash at closing. YOUR BIDDING IS NOT CONTINGENT UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing. ACCEPTANCE OF BID PRICES: Auctioneer or owner reserves the right to accept or reject the highest bid if either feels the buyer is not financially qualified or if technical difficulties arise. REAL ESTATE TAXES AND ASSESMENTS: The 2011 Property Taxes will be prorated to the date of closing. The buyer will be responsible for any ―rollback‖ in the property taxes. The buyer(s) will be responsible for all additional taxes imposed after the date of execution of the General War-ranty Deed by Seller as a result of any change in use of any part of the subject property, the intent being that all such additional taxes shall be the responsibility of the buyer and the buyer’s heirs, personal representatives and assigns. BROKER PARTICIPATION: A 3% commission of the submitted written maximum pre-bid, 2% commission of any amount above the written maximum pre-bid will be paid to the properly licensed Broker whose prospect purchases and closes on the real estate per United Country – Alliance Auc-tion & Realty’s cooperating Broker Guidelines. NO Cooperating Broker fees will be paid without a written maximum pre-bid. Under no circumstance can a Broker be a principal or an owner or officer of any entity AND a Cooperating Broker in the same transaction. To obtain these guidelines, please contact the auction office. CLOSING: Will take place on or before Friday, April 29th, 2011 or as soon thereafter as applicable closing documents and surveys (if needed) are completed. POSSESSION: Full possession will be given at closing. Early possession will not be granted prior to closing.

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Auction Terms & Conditions (cont.) TITLE: Seller shall execute a General Warranty Deed conveying the real estate to the buyer(s). Seller will provide buyer(s) with an Owner’s Policy of Title Insurance. Buyer(s) will be responsible for all expenses re-lated to acquiring a mortgagee’s title policy, if desired or required. EASEMENTS AND LEASES: Sale of the property is subject to any and all easements of record and any and all leases. SURVEY: Seller will provide a current survey of the property. All advertised acreages, square footages and other measurements are approximate and have been estimated based on current legal descriptions, aerial photos or other reliable sources and should not be considered accurate or used as boundary lines or legal descriptions. AGENCY: Alliance Auction Group, LLC dba United Country – Alliance Auction & Realty and its representa-tives are exclusive agents of the seller. DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all re-lated materials are subject to the terms and conditions outlined in the agreement to purchase. AN-NOUNCEMENTS MADE BY THE AUCTIONEER VIA EMAIL COMMUNICATION OR ON THE OFFICIAL PROPERTY WEBSITE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an ―AS IS, WHERE IS‖ basis, and no warranty or representation either expressed or implied, concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independ-ent inspections, investigations, inquiries, and due diligence concerning the property. The information pro-vided is believed to be accurate, but is subject to verification by all parties relying on it. No liability for its ac-curacy, errors or omissions is assumed by the seller or the auction company or any of its respective repre-sentatives. All sketches and dimensions are approximate. All acreages, square footages and other meas-urements are approximate and have been estimated based on legal descriptions, aerial photographs or other sources deemed reliable. Conduct at the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of the auctioneer are final. SPECIFIC PERFORMANCE: All bidders agree and understand that bids submitted are binding offers and further agree to complete the transaction. Auctioneer and/or Seller reserve the right to pursue any default-ing bidder through legal action. NEW DATA, CORRECTIONS AND CHANGES: Please provide a current e-mail address and phone num-ber and check the official property website regularly to receive any announcements regarding any changes, corrections or additions to the property information. BROKER: Brent Graves—United Country Alliance Auction & Realty SELLER: Georgia Fay Nicholas

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2700 Estates Drive Property Overview

This unique Bishop Estates property has the benefits of living in the country while only being minutes from I-40 and downtown. This shop is a perfect fit for RV storage. Acres: 8.23+/-

Shop: 2,665+/- sq metal building Includes 960+/- sq 1/1 living area 3/4 bathroom Sink 3 bays with overhead doors — 1 has an RV door 2 Walk-in doors Skylights 3 Roof Vents

Living Area: 17’ x 11’ Bedroom 9’ x 7’ Bathroom 15’ x 6’ Walk-in Closet 17’ x 13’ Living Room Whitfield Quest Pellet Stove 11’ x 9’ Kitchen Magic Chef Electric Stove Maytag Dishwasher Ample amount of storage with custom built wine rack 9’ x 8’ Dining Area 5’ x 3’ Utility Room with Washer/Dryer Hookups 60’x 10’ Porch with Beautiful Views Ceiling Fans Located in the Bedroom, Living Room, and Kitchen

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2700 Estates Drive Property Overview

Continued Well: 395’ Well Depth—Santa Rosa Well Drilled in 1994

20+/- GPM (Per the Current Owner) 2010 Approximate Taxes: $1,127.26 Directions: From Tascosa Exit off of Loop 335: North on FM 1061 3.5 mi., Left on Ranch View Drive 1.1 mi., Right on Estates Drive 1.3 mi., 2700 Estates Drive is on the Left.

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2700 Estates Drive Legal Description A TRACT OF LAND BEING ALL OF TRACT NO. 40 AND ALL OF TRACT NO. 38 SAVE AND

EXCEPT THAT PORTION PREVIOUSLY CONVEYED BY THAT CERTAIN INSTRUMENT RE-

CORDED IN VOLUME 2061. PAGE 138 OF THE OFFICIAL PUBLIC RECORDS OF POTTER

COUNTY, TEXAS, BEING IN BLOCK NO. 1, BISHOP ESTATES UNIT NO. 1, A SUBURBAN

SUBDIVISION OUT OF SECTION 114, BLOCK 9, B. S. & F. SURVEY, POTTER COUNTY,

TEXAS, ACCORDING TO THE RECORDED MAP OR PLAT THEREOF, OF RECORD IN VOL-

UME 1200, PAGE 775 OF THE DEED RECORDS OF POTTER COUNTY, TEXAS, BEING THE

SAME PROPERTY DESCRIBED IN THAT CERTAIN INSTRUMENT RECORDED IN VOLUME

2413, PAGE 264 OF THE OFFICIAL PUBLIC RECORDS OF POTTER COUNTY, TEXAS AND

BEING DESCRIBED BY METES AND BOUNDS AS FOLLOWS:

COMMENCING AT A ½ INCH IRON ROD FOUND AT THE INTERSECTION OF THE SOUTH-

EASTERLY RIGHT-OF-WAY LINE OF ESTATES DRIVE AND THE SOUTHWESTERLY RIGHT

-OF-WAY LINE OF BIG SKY DRIVE, SAME BEING THE MOST NORTHERLY CORNER OF

TRACT 39, BLOCK 1, BISHOP ESTATES UNIT NO. 1;

THENCE S. 49° 40’ 32” W. 335.00 FEET ALONG SAID SOUTHEASTERLY RIGHT-OF-WAY

LINE OF ESTATES DRIVE (A PUBLIC, COUNTY-MAINTAINED ROAD) TO A ½ INCH IRON

ROD FOUND FOR THE MOST NORTHERLY AND BEGINNING CORNER OF THIS TRACT

OF LAND, SAME BEING THE MOST NORTHERLY CORNER OF TRACT 40 AND THE MOST

WESTERLY CORNER OF TRACT 39, BLOCK NO. 1, SAID BISHOP ESTATES UNIT NO. 1;

THENCE S. 40° 19’ 28” E. 675.00 FEET ALONG THE COMMON LINE BETWEEN SAID

TRACTS 39 AND 40 TO A ½ INCH IRON ROD FOUND FOR THE MOST EASTERLY CORNER

OF SAID TRACT 40 AND THE MOST SOUTHERLY CORNER OF SAID TRACT 39, ALSO BE-

ING A POINT IN THE NORTHWESTERLY LINE OF TRACT 38, BLOCK NO. 1, SAID BISHOP

ESTATES UNIT NO. 1, FURTHER BEING THE MOST WESTERLY CORNER OF A 2.00 ACRE

TRACT OF LAND DESCRIBED IN THAT CERTAIN INSTRUMENT RECORDED IN VOLUME

2061, PAGE 138 OF THE OFFICIAL PUBLIC RECORDS OF POTTER COUNTY, TEXAS;

THENCE S. 29° 27’ 35” E. 393.49 FEET ALONG THE SOUTHWESTERLY LINE OF SAID 2

ACRE TRACT OF LAND TO A ½ INCH IRON ROD FOUND AS CALLED FOR, FOR THE

MOST SOUTHERLY CORNER OF SAID 2 ACRE TRACT OF LAND, SAME BEING A POINT

IN THE WESTERLY LINE OF TRACT 37, BLOCK NO. 1, SAID BISHOP ESTATES UNIT NO. 1;

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2700 Estates Drive Legal Description

Continued THENCE S. 17° 06’ 52” W. 219.29 FEET ALONG SAID WESTERLY LINE OF SAID TRACT 37

TO A ½ INCH IRON ROD FOUND FOR THE MOST WESTERLY CORNER OF SAID TRACT

37, SAME BEING A POINT IN THE SOUTH LINE OF SAID SECTION 114 AND IN THE

NORTH LINE OF SECTION 113, BLOCK 9, B. S. & F. SURVEY, POTTER COUNTY, TEXAS;

THENCE N. 89° 47’ 44” W. 100.00 FEET ALONG THE SOUTH LINE OF SAID SECTION 114

AND THE NORTH LINE OF SAID SECTION 113 TO A ½ INCH IRON ROD FOUND FOR THE

MOST EASTERLY CORNER OF TRACT 41 B, BLOCK NO. 1, OF BISHOP ESTATES UNIT NO.

3, A SUBURBAN SUBDIVISION OUT OF SECTION 114, BLOCK 9, B. S. & F. SURVEY, POT-

TER COUNTY, TEXAS ACCORDING TO THE RECORDED MAP OR PLAT THEREOF, OF RE-

CORD IN VOLUME 1802, PAGE 72 OF THE OFFICIAL PUBLIC RECORDS OF POTTER

COUNTY, TEXAS, SAME BEING THE MOST SOUTHERLY SOUTHWEST CORNER OF SAID

TRACT 38;

THENCE N. 40° 19’ 28” W. ALONG THE COMMON LINE BETWEEN SAID TRACT 38 AND

SAID TRACT 41 B AT 439.48 FEET PASS A ½ INCH IRON ROD FOUND FOR THE MOST

WESTERLY CORNER OF SAID TRACT 38, CONTINUING N. 40° 19’ 28” W. AT 595.86 FEET

ALONG THE COMMON LINE BETWEEN SAID TRACT 40 AND SAID TRACT 41 B PASS A ½

INCH IRON ROD FOUND FOR THE MOST EASTERLY CORNER OF TRACT 41 A, BLOCK

NO. 1, SAID BISHOP ESTATES UNIT NO. 3, CONTINUING N. 40° 19’ 28” W. ALONG THE

COMMON LINE BETWEEN SAID TRACT 40 AND SAID TRACT 41 A, A TOTAL DISTANCE

OF 1,114.48 FEET TO A ½ INCH IRON ROD FOUND FOR THE MOST WESTERLY CORNER

OF SAID TRACT 40 AND THE MOST NORTHERLY CORNER OF SAID TRACT 41 A, SAME

BEING A POINT IN THE SOUTHEASTERLY RIGHT-OF-WAY LINE OF ESTATES DRIVE;

THENCE N. 49° 40’ 32” E. (BASE BEARING) 335.00 FEET ALONG SAID SOUTHEASTERLY

RIGHT-OF-WAY LINE OF ESTATES DRIVE TO THE PLACE OF BEGINNING AND CONTAIN-

ING 8.23 ACRES OF LAND OF WHICH 0.15 ACRES ARE IN ROADWAY EASEMENT.

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General Information Property

Search Sheriff's Sales PRAD

Public Meetings Types Of

Exemptions Definitions Links

About PRADContact

UsDisclaimer

InformationImportant Tax

DatesPotter & Randall County

Tax Codes RatesBPP

Schedules and FormsPRAD

InformationSend Us

FeedbackAccount

NumberOwner NameProperty

AddressGIS Parcel

QueryAccount NumberOwner

NameProperty AddressPotter

County SalesRandall County

SalesRandall County Trustee

SalesPRAD Board of

DirectorsPotter County

Review BoardRandall County

Review BoardProperty

Search Real Estate: Account Number Owner Name Property Address

Business or Personal: Account Number Business Name Property Address

PROPERTY SEARCH

Goto: Previous | Next

Account #: R-005-0050-0980.0

VETERANS LAND BOARD % NICHOLAS RICHARD A NICHOLAS GEORGIA FAY

2700 ESTATES DR

AMARILLO,TX 79124-4600

[ Address Not Correct? ]

Tax District: 106 P D J

PCA Code: 0001 ONE FAMILY RESIDENCE

Property Address:

2700 ESTATES DR

MAP: E09

Tax Year: 2010

Last Updated:

1/31/2011 2:18:09 PM

VALUE SUMMARY Building Value $63,782

Extra Feature Value

$0

Land Value (Market)

$25,075

Land Value (Agriculture)

$0

Appraised Value $88,857

Homestead CAP Value

$97,743

DISTRICT VALUES Taxing District

Exemptions Taxable Value

P - POTTER

COUNTY $10,000 $78,857

D - BUSHLAND ISD

$25,000 $63,857

J - PANHANDLE GROUNDWATER

$10,000 $78,857

EXEMPTIONS Code Description Percent Taxing District Exemption Value

HSX HOMESTEAD 100% Bushland ISD $15,000

AGE AGE 100% Potter County $10,000

AGE AGE 100% Panhandle Water District #3 $10,000

AGE AGE 100% Bushland ISD $10,000

Reference Account

Park Name

Make / Model

Serial Number

HUD Number

SALES HISTORY Volume / Clerk Year

Page / Clerk ID

Date Type Inst

Month Year

2639 / 0 0212 / 01 1997 CS

2639 / 0 0208 / 01 1997 WD

2619 / 0 0366 / 10 1996 WD

2413 / 0 0264 / 05 1994 WD

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2413 / 0 0262 / 03 1994 WD

2340 / 0 0616 / 06 1993 QC

1914 / 0 0590 / 01 1988 WD

BUILDING 1

Style Base Area

Quality Adj Rate AYB EYB % GOOD Appraised

Value

R1 960 B $54.09 1998 1998 75.00% $63,782

BUILDING CHARACTERISTICS

Category Code / Units Adjustment

EXTERIOR SIDING/SHINGLE/METAL $0.00

ROOF METAL $0.00

FLOOR SLAB $0.00

HTG/COOLING WARM & COOLED AIR $1,271.00

INTERIOR SHEETROCK/TEXTONE $0.00

PLBG/FIXT 6.00 $0.00

ROOMS 3.00 $0.00

STORY 1.00 $0.00

BEDROOMS 1.00 $0.00

BATHROOMS 1.00 $0.00

LIVING UNITS 1.00 $0.00

2700 ESTATES DR

New Privacy Law Makes Some Appraisal Information Unavailable on Appraisal District Websites

As the result of legislation enacted by the 79th Texas Legislature, some information formerly carried in the property records on appraisal district websites will no longer be available over the Internet.

SB 541, effective September 1, 2005, provides that appraisal district websites cannot display

photographs, sketches, or floor plans of an improvement to real property that is designed primarily

for use as a human residence.

On the Potter-Randall Appraisal District website, www.prad.org , the change will impact all

photographs and sketches. PRAD had not previously placed property photographs on its website.

The bill was passed as a public safety measure. While the information will no longer be available on appraisal district websites, it can be accessed under the Texas Public Information Act. Please contact

the appraisal district office.

BUILDING SUBAREAS

Area Type Gross Area Base Area Perimeter Replacement Cost New

BASE 960 960 128 $51,926

GARAGE 1,640 0 0 $23,483

COVERED PORCH 650 0 0 $8,363

Totals 3,250 960 128 $83,772

EXTRA FEATURES

Code

Description

BLD

Length

Width

Units

Adj. Unit Price

AYB EYB %

Good

Appraised

Value

1 317 HSE 1 8 8 1.00 $0.0 200 200 100 $0

Page 18: 2700 Estates Drive - Absolute Auction

0 1 8 8 %

LAND LINES

Use Use Descriptio

n

Zone

Front

Depth

Units

UT TP

Total Adjus

t Unit Price

Adjusted Unit Price

Land Value

1 Rural Acres A

0.00 0.00 0.25 AC

100% $20,000.00

$20,000.00

$5,000

2 Rural Acres G

0.00 0.00 8.03 AC

100% $2,500.00 $2,500.00 $20,075

LEGAL LINES Legal Description

BISHOP ESTATES #1

LOT BLOCK 0001

TR 40 & TR 38 LESS

2 AC TR

TAXES Potter County Tax Information

Tax Year 2010

Account Number R-005-0050-0980.0

Taxing Unit Tax Rate Assessed Taxes

POTTER COUNTY 0.59911 $421.24

PANHANDLE GROUNDWATER 0.00890 $7.02

Payment Summary

Base Taxes $428.26

PID Assessment $0.00

Penalty & Interest $0.00

Total Taxes Paid $0.00

Date of Last Payment

Amount Still Due $428.26

Base Without Exemptions, Capped Value or Penalty

$540.26

Delinquent Tax Year Delinquent Tax Due

Total Delinquent Tax Due $0.00

Account Information

Make Checks Payable To Full or Partial Payments Accepted

Robert Miller, Collector PO Box 2289

Amarillo, TX 79105 (806) 342-2601

Want To Pay Your Taxes Online? [ CLICK HERE ]

Jurisdiction 6141

Last Updated 1/30/2011

Randall County Tax Information

Tax Year 2010

Account Number R-005-0050-0980.0

Taxing Unit Tax Rate Assessed Taxes

BUSHLAND ISD FROZEN $199.55

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Payment Summary

Base Taxes $199.55

PID Assessment $0.00

Penalty & Interest $0.00

Total Taxes Paid $0.00

Date of Last Payment

Amount Still Due $199.55

Base Without Exemptions, Capped Value or Penalty

$1,127.26

Delinquent Tax Year Delinquent Tax Due

Total Delinquent Tax Due $0.00

Account Information

This account has Frozen Taxes

This account has Exemptions

Make Checks Payable To Full or Partial Payments Accepted

Sharon Hollingsworth, Collector

PO Box 997 Canyon, TX 79015-0997

(806) 468-5540

Want to Pay Your Taxes by Phone? Call (866)549-1010

Want To Pay Your Taxes Online? [ CLICK HERE ]

Bureau Code 4685540

Last Updated 1/30/2011

Permit # Type Description Issue Date Final Date CO Date Estimated Value

LN Code Desc Fee

Totals ~TMPL_SPECIALTAXINGDISTRICTS_TOTALVALUE~

Home - Disclaimer © 2011 Potter - Randall County Amarillo, TX Send us feedback.

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�SCHEDULE A

2010CMA GRG 02/10

Commitment No.GF No.

Issued: at

Effective Date:

1. The policy or policies to be issued are:

(a) OWNER'S POLICY OF TITLE INSURANCE (Form T-1)(Not applicable for improved one-to-four family residential real estate)Policy Amount:PROPOSED INSURED:

(b) TEXAS RESIDENTIAL OWNER'S POLICY OF TITLE INSURANCE -ONE-TO-FOUR FAMILY RESIDENCES (Form T-1R)Policy Amount:PROPOSED INSURED:

(c) LOAN POLICY OF TITLE INSURANCE (Form T-2)Policy Amount:PROPOSED INSURED:

Proposed Borrower:

(d) TEXAS SHORT FORM RESIDENTIAL LOAN POLICY OF TITLE INSURANCE (Form T-2R)Policy Amount:PROPOSED INSURED:

Proposed Borrower:

(e) LOAN TITLE POLICY BINDER ON INTERIM CONSTRUCTION LOAN (Form T-13)Policy Amount:PROPOSED INSURED:

Proposed Borrower:

(f) OTHERPolicy Amount:PROPOSED INSURED:

44-904-80- 201100135201100135

February 7, 2011 8:00 AM

January 25, 2011

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SCHEDULE A, CONTINUEDGF#Commitment No.

2. The interest in the land covered by this Commitment is:

3. Record title to the land on the Effective Date appears to be vested in:

-

2002CMA2

4. Legal description of the land:

20110013520110013544-904-80-

Fee Simple estate, subject to, and the Company does not insure title to, andexcepts from the description of the land, coal, lignite, oil, gas and otherminerals in, under and that may be produced from the land, together with allrights, privileges, and immunities relating thereto;

Veterans Land Board of the State of Texas

A tract of land being all of Tract No. 40 and all of Tract No. 38 SAVE ANDEXCEPT that portion previously conveyed by that certain instrument recorded inVolume 2061, Page 138 of the Official Public Records of Potter County, Texas,being in Block No. 1, Bishop Estates Unit No. 1, a suburban subdivision out ofSection 114, Block 9, B. S. & F. Survey, Potter County, Texas, according tothe recorded map or plat thereof, of record in Volume 1200, Page 775 of theDeed Records of Potter County, Texas, being the same property described inthat certain instrument recorded in Volume 2413, Page 264 of the OfficialPublic Records of Potter County, Texas and being described by metes and boundsas follows:

COMMENCING at a 1/2 inch iron rod found at the intersection of theSoutheasterly right-of-way line of Estates Drive and the Southwesterlyright-of-way line of Big Sky Drive, same being the most Northerly corner ofTract 39, Block 1, Bishop Estates Unit No. 1;

THENCE S. 49° 40' 32" W. 335.00 feet along said Southeasterly right-of-wayline of Estates Drive (a public, county-maintained road) to a 1/2 inch ironrod found for the most Northerly and BEGINNING CORNER of this tract of land,same being the most Northerly corner of Tract 40 and the most Westerly cornerof Tract 39, Block No. 1, said Bishop Estates Unit No. 1;

THENCE S. 40° 19' 28" e. 675.00 feet along the common line between said Tracts39 and 40 to a 1/2 inch iron rod found for the most Easterly corner of saidTract 40 and the most Southerly corner of said Tract 39, also being a point inthe Northwesterly line of Tract 38, Block No. 1, said Bishop Estates Unit No.1, further being the most Westerly corner of a 2.00 acre tract of landdescribed in that certain instrument recorded in Volume 2061, Page 138 of the

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LEGAL DESCRIPTION

COMc6

GF#Commitment No.

-20110013544-904-80-TAY

201100135

Official Public Records of Potter County, Texas;

THENCE S. 29° 27' 35" E. 393.49 feet along the Southwesterly line of said 2 acre tractof land to a 1/2 inch iron rod found as called for, for the most Southerly corner ofsaid 2 acre tract of land, same being a point in the Westerly line of Tract 37, BlockNo. 1, said Bishop Estates Unit No. 1;

THENCE S. 17° 06' 52" W. 219.29 feet along said Westerly line of said Tract 37 to a 1/2inch iron rod found for the most Westerly corner of said Tract 37, same being a pointin the South line of said Section 114 and in the North line of Section 113, Block 9,B. S. & F. Survey, Potter County, Texas;

THENCE N. 89° 47' 44" W. 100.00 feet along the South line of said Section 114 and theNorth line of said Section 113 to a 1/2 inch iron rod found for the most Easterlycorner of Tract 41 B, Block No. 1, of Bishop Estates Unit No. 3, a suburbansubdivision out of Section 114, Block 9, B. S. & F. Survey, Potter County, Texas,according to the recorded map or plat thereof, of record in Volume 1802, Page 72 ofthe Official Public Records of Potter County, Texas, same being the most SoutherlySouthwest corner of said Tract 38;

THENCE N. 40° 19' 28" W. along the common line between said Tract 38 and said Tract 41B at 439.48 feet pass a 1/2 inch iron rod found for the most Westerly corner of saidTract 38, continuing N. 40° 19' 28" W. at 595.86 feet along the common line betweensaid Tract 40 and said Tract 41 B pass a 1/2 inch iron rod found for the most Easterlycorner of Tract 41 A, Block No. 1, said Bishop Estates Unit No. 3, continuing N. 40°19' 28" W. along the common line between said Tract 40 and said Tract 41 A, a totaldistance of 1,114.48 feet to a 1/2 inch iron rod found for the most Westerly corner ofsaid Tract 40 and the most Northerly corner of said Tract 41 A, same being a point inthe Southeasterly right-of-way line of Estates Drive;

THENCE N. 49° 40' 32" E. (base bearing) 335.00 feet along said Southeasterlyright-of-way line of Estates Drive to the PLACE OF BEGINNING and containing 8.23 acresof land of which 0.15 acres are in roadway easement.

NOTE: The Company does not represent that the above acreage or square footagecalculations are correct.

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SCHEDULE B

GF#Commitment No. 44-904-80-

EXCEPTIONS FROM COVERAGE

In addition to the Exclusions and Conditions and Stipulations, your Policy willnot cover loss, costs, attorney's fees, and expenses resulting from:

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B 1. The following restrictive covenants of record itemized below (We musteither insert specific recording data or delete this exception.):

Volume 1200, Page 664 of the Deed Records of Potter County, Texas, butomitting any covenant or restriction based on race, color, religion, sex,handicap, familial status or national origin unless and only to the extentthat said covenant (a) is exempt under Chapter 42, Section 3607 of theUnited States Code or (b) relates to the handicap but does not discriminateagainst handicapped persons.

F 2. Any discrepancies, conflicts, or shortages in area or boundary lines, orany encroachments, or protrusions, or any overlapping of improvements.

H 3. Homestead or community property or survivorship rights, if any, of anyspouse of any insured. (Applies to the Owner Policy only.)

J 4. Any titles or rights asserted by anyone, including, but not limited to,persons, the public, corporations, governments or other entities, a. to tidelands, or lands comprising the shores or beds of navigable orperennial rivers and streams, lakes, bays, gulfs or oceans, or b. to lands beyond the line of the harbor or bulkhead lines as establishedor changed by any government, or c. to filled-in lands, or artificial islands, or d. to statutory water rights, including riparian rights, or e. to the area extending from the line of mean low tide to the line ofvegetation, or the rights of access to that area or easement along andacross that area. (Applies to the Owner Policy only.)

N 5. Standby fees, taxes and assessments by any taxing authority for the year 2011, and subsequent years; and subsequent taxes and assessments by anytaxing authority for prior years due to change in land usage or ownership,but not those taxes or assessments for prior years because of an exemptiongranted to a previous owner of the property under Section 11.13, Texas TaxCode, or because of improvements not assessed for a previous tax year. (IfTexas Short Form Residential Mortgagee Policy (T-2R) is issued, that policywill substitute "which become due and payable subsequent to Date of Policy"in lieu of "for the year 2011 and subsequent years.")

P 6. The terms and conditions of the documents creating your interest in theland.

Q 7. Materials furnished or labor performed in connection with plannedconstruction before signing and delivering the lien document described inSchedule A, if the land is part of the homestead of the owner. (Applies to

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SCHEDULE B (continued)

GF#Commitment No.

CHICAGO TITLE INSURANCE COMPANY

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the Mortgagee Title Policy Binder on Interim Construction Loan only, andmay be deleted if satisfactory evidence is furnished to us before binderis issued.)

R 8. Liens and leases that affect the title to the land, but that aresubordinate to the lien of the insured mortgage. (Applies to MortgageePolicy (T-2) only.)

S 9. The Exceptions from Coverage and Express Insurance in Schedule B of theTexas Short Form Residential Mortgagee Policy (T-2R). (Applies to TexasShort Form Residential Mortgagee Policy (T-2R) only. Separate exceptions1 through 8 of this Schedule B do not apply to the Texas Short FormResidential Mortgagee Policy (T-2R).

V 10. The following matters and all terms of the documents creating or offeringevidence of the matters (We must insert matters or delete thisexception.):

AK 11. Rights of parties in possession.

AU 12. A 20' roadway easement along the Northwesterly property line of Lot 40,as shown on the plat recorded in Volume 1200, Page 774 of the DeedRecords of Potter County, Texas.

AV 13. A right-of-way easement granted to West Emerald Pipe Line Corporation, byinstrument recorded in Volume 799, Page 589 of the Deed Records of PotterCounty, Texas.

AW 14. A right-of-way easement granted to Southwestern Public Service Company byinstrument recorded in Volume 1310, Page 645 of the Deed Records ofPotter County, Texas.

BA 15. Any and all liens arising by reason of unpaid bills or claims for workperformed or materials furnished in connection with improvements placed,or to be placed, upon the subject land. However, the Company does insurethe Insured against loss, if any, sustained by the Insured under thisPolicy if such liens have been filed with the County Clerk of PotterCounty, Texas, prior to the date hereof.

Liability hereunder at the date hereof is limited to $__________.Liability shall increase as contemplated improvements are made, so thatany loss payable hereunder shall be limited to said sum plus the amountactually expended by the Insured as improvements at the time the lossoccurs. Any expenditures made for improvements, subsequent to the date ofthis policy, will be deemed made as of the date of this policy. In noevent shall the liability of the Company hereunder exceed the face amountof this policy. Nothing contained in this paragraph shall be construedas limiting any exception or any printed provision of this policy.(Owner's Policy Only) (Exception may be deleted if proposed transaction does not include cost

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SCHEDULE B (continued)

GF#Commitment No.

CHICAGO TITLE INSURANCE COMPANY

Page44-904-80-

of contemplated improvements, construction or repairs.)

BB 16. Any and all liens arising by reason of unpaid bills or claims for workperformed or materials furnished in connection with improvements placed,or to be placed, upon the subject land. However, the Company does insurethe Insured against loss, if any, sustained by the Insured under thisPolicy if such liens have been filed with the County Clerk of PotterCounty, Texas, prior to the date hereof.

Pending disbursement of the full proceeds of the loan secured by the lieninstrument set forth under Schedule A hereof, this policy insures only tothe extent of the amount actually disbursed, but increases as eachdisbursement is made in good faith and without knowledge of any defectsin, or objections to, the title up to the face amount of the policy. Nothing contained in this paragraph shall be construed as limiting anyexception under Schedule B, or any printed provision of this policy. (Loan Policy Only) (Exception may be deleted if proposed transaction does not include costof contemplated improvements, construction or repairs and loan proceedsare fully disbursed.)

BL 17. Location of fence as shown on Survey dated August 19, 1996, prepared byFurman Land Surveyors, Inc., Registered Professional Land Surveyor.

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SCHEDULE C

GF#Commitment No.

from the following requirements that will appear as Exceptions in Schedule Bof the Policy, unless you dispose of these matters to our satisfaction, the date the Policy is issued:

-44-904-80-

Your Policy will not cover loss, costs, attorney's fees, and expenses resulting

before

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AA 1. Documents creating your title or interest must be approved by us and mustbe signed, notarized and filed for record.

AB 2. Satisfactory evidence must be provided that: - no person occupying the land claims any interest in that land againstthe persons named in paragraph 3 of Schedule A, - all standby fees, taxes, assessments and charges against the propertyhave been paid, - all improvements or repairs to the property are completed and acceptedby the owner, and that all contractors, subcontractors, laborers andsuppliers have been fully paid, and that no mechanic's, laborer's ormaterialmen's liens have attached to the property, - there is legal right of access to and from the land, - (on a Mortgagee policy only) restrictions have not been and will not beviolated that affect the validity and priority of the insured mortgage.

AC 3. You must pay the seller or borrower the agreed amount for your propertyor interest.

AE 4. Any defect, lien or other matter that may affect title to the land orinterest insured, that arises or is filed after the effective date ofthis Commitment.

AM 5. NOTICE: At lender's discretion, you may have the right to use a priorsurvey under certain circumstances. If a qualifying prior survey isprovided to the Title Company and a sworn affidavit in lieu of updatedsurvey is given by the current owner stating that since the effectivedate of the prior survey and up to and including the date of theaffidavit, there has been no (I) construction projects such as newstructures, additional rooms, garages, swimming pools or deckings; (II)changes in the location of boundary fences or boundary walls; (III)construction projects on immediately adjoining property(ies) whichconstruction occurred near the boundary of the Residential Real Property;(IV) conveyance or replattings or easement grants or easement dedicationsby the borrower. You should notify the Title Company immmediately if youhave an interest in qualifying a prior survey.

AN 6. NOTE - IMPORTANT NOTICE

YOU HAVE THE RIGHT TO HAVE YOUR FUNDS DEPOSITED IN AN INTEREST-BEARINGACCOUNT.

IF YOU CHOOSE TO ESTABLISH AN INTEREST-BEARING ACCOUNT FOR YOUR DEPOSIT,notify your escrow officer immediately. Thereafter you will be provided

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SCHEDULE C (continued)

GF#Commitment No.

CHICAGO TITLE INSURANCE COMPANY

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201100135

with a Notice of Election form which you should complete in writing bycompleting and returning the form, along with your taxpayeridentification information, not later than five (5) days before thescheduled closing. If you choose to establish an interest-bearingaccount for your deposit, an additional charge of $50.00 will berequired. This charge may exceed the amount of interest to be earnedon the deposit, depending on the amount, applicable interest rate, andthe duration of the deposit.

As an example, the amount of interest you can earn on a deposit of$1,000.00 for a thirty-day period at an interest rate of 4% is $3.33.Interest earned is dependent on the amount of deposit, time of depositand the applicable interest rate.

IF YOU DO NOT CHOOSE TO ESTABLISH AN INTEREST-BEARING ACCOUNT FOR YOURDEPOSIT your funds will be deposited with other escrow funds in yourescrow agent's general escrow account with an authorized financialinstitution and may be transferred to another general escrow account oraccounts. By reason of the banking relationship between our Companyand the financial institution, the Company may receive an array of bankservices, accommodations or other benefits. The escrow funds will notbe affected by such services, accommodations or other benefits.

Failure to notify your escrow officer and complete the additionalrequired investment authorization form shall constitute waiver of anyintention of establishing an interest bearing account for yourdeposit(s).

AO 7. The Earnest Money Contract you entered into for the purchase of theland, may provide that the standard title policy contains an exceptionas to discrepancies, conflicts, shortages in area or boundary lines,encroachments or protrusions, or overlapping improvements, and thatBuyer, at Buyer's expense, may have the exception amended to read,"shortages in area", thereby giving you coverage for those matters.

The Texas Title Insurance Information portion of the Commitment forTitle Insurance advises you that your Policy will insure you againstloss because of discrepancies or conflicts in boundary lines,encroachments or protrusions, or overlapping of improvements if you payadditional premium for the coverage. (Applies to Owner's Title PolicyOnly)

AP 8. "If the proposed transaction involves execution of a deed, mortgage, ordeed of trust, to or from an individual, pursuant to Section 11.008,Property Code, there must be a notice on the first page of theinstrument in 12-point boldfaced type or 12-point uppercase lettersthat reads substantially as follows:

NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAYREMOVE OR STRIKE ANY OF THE FOLLOWING INFORMATION FROM THIS INSTRUMENTBEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL

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SCHEDULE C (continued)

GF#Commitment No.

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SECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMBER."

AQ 9. Note For Informational Purposes: If a loan policy contemplated by thiscommitment is subsequently issued to the proposed lender shown onSchedule A, at the request of the proposed lender, upon the issuance ofthe loan policy the insured lender on Schedule A of the loan policywill appear as follows:

(Name of Proposed Lender),and each successor in ownership of theindebtedness secured by the insured mortgage, except a successor who isan obligor under the provisions of Section 12(c) of the Conditions andStipulations."

BC 10. Upon determination that the proposed insured property is being assessedfor tax purposes other than the agricultural and at a fair market valueand the payment of the additional premium required for this amendment,Item 5, Schedule B will be amended to read as follows, in theMortgagee's Title Policy: "Standby fees, taxes, and assessments by anytaxing authority for the year 2011, and subsequent years are not yetdue and payable."

BD 11. Terms, conditions and stipulations of Contract for Sale and Purchasedated January 29, 1997, by and between Veterans Land Board of the Stateof Texas, seller, and Richard A. Nicholas and Georgia Fay Nicholas,buyers, filed for record in Volume 2639, Page 212 of the OfficialPublic Records of Potter County, Texas.

BE 12. The Application does not include the name of Richard A. Nicholas. Itmust be determined what happened to him. If they are still married, hemust join in the execution of all closing documents, including theSales Contract. If they are divorced, or if he is deceased, copies ofdivorce papers or probate proceedings must be furnished for examinationand possible additional requirements.

BG 13. The application was set up with "TBD" as the buyer. Upon receipt ofthis information, the file must be returned to the research departmentfor additional name check.

BF 14. Except in an exempt transaction, the Company must be furnished withseller's social security number or tax identification number and allother information necessary to complete IRS Form 1099B.

BH 15. Additional requirements may be made if this transaction involves a"short-sale" and/or a "flip transaction" as a result of a "short-sale".

BI 16. THE FOLLOWING NOTE IS FOR INFORMATIONAL PURPOSES ONLY:

The following deed(s) affecting said land were recorded withintwenty-four (24) months of the date of this report:

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SCHEDULE C (continued)

GF#Commitment No.

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None Found of Record

BJ 17. Any documents being executed in conjunction with this transaction mustbe signed in the presence of an authorized Company employee, anauthorized employee of an agent, an authorized employee of the insuredlender, or by using Bancserv or other approved third-party service. Ifthe above requirements cannot be met, please call the company at thenumber provided in this report.

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�SCHEDULE D

Commitment Number:GF Number:

Pursuant to the requirements of Rule P-21, Basic Manual of Rules, Rates and Forms for the writing of Title Insurance in the State of Texas, the following disclosures are made:

1. Disclosure of:

CHICAGO TITLE INSURANCE COMPANY, a Nebraska Corporation

(a) The Shareholders owning or controlling, directly or indirectly, ten (10%), or more of the shares of Chicago Title Insurance Company:

CHICAGO TITLE AND TRUST COMPANY, an Illinois Corporation

(b) The Names of the Directors of Chicago Title Insurance Company: Christopher Abbinante, John A. Wunderlich, Erika Meinhardt, Raymond R. Quirk, Alan L. Stinson, Roger S. Jewkes, Anthony J. Park, Thomas E. Evans, Jr.

(c) The president, the executive or senior vice-president, the secretary and the treasurer of Chicago Title Insurance Company:

Chairman of the Board, President and Chief Executive Officer: Raymond R. QuirkExecutive Vice President and Regional Manager: John A. WunderlichVice President and Corporate Secretary: Fernando Velez, Jr.Vice President and Treasurer: Patrick G. Farenga

COMMD08 05/08 GRG

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AT 1. 3. "You are entitled to receive advance disclosure of settlement charges in connection with theproposed transaction to which this commitment relates. Upon your request, such disclosure willbe made to you. Additionally, the name of any person, firm or corporation receiving any sum fromthe settlement of this transaction will be disclosed on the closing or settlement statement."

"You are further advised that the estimated title premium* is:

Owner Policy $Mortgagee Policy $Endorsement Charges $ 75.00Other $ 75.00Total $

Of this total amount: 100% will be paid to the policy issuing Title Insurance Company; 0% will beretained by the issuing Title Insurance Agent; and the remainder of the estimated premium will bepaid to other parties as follows: AMOUNT TO WHOM FOR SERVICES

*The estimated premium is based upon information furnished to us as of the date of thisCommitment for Title Insurance. Final determination of the amount of the premium will bemade at closing in accordance with the Rules and Regulations adopted by the Commissioner ofInsurance."

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T7DAP10 02/10 GRG

DELETION OF ARBITRATION PROVISION(Not applicable to the Texas Residential Owner's Policy)

Arbitration is a common form of alternative dispute resolution. It can be a quicker and cheaper means to settle a dispute with your Title Insurance Company. However, if you agree to arbitrate, you give up your right to take the Title Company to court and your rights to discovery of evidence may be limited in the arbitration process. In addition, you cannot usually appeal an arbitrator's award.

Your policy contains an arbitration provision (shown below). It allows you or the Company to require arbitration if the amount of insurance is $2,000,000 or less. If you want to retain your right to sue the Company incase of a dispute over a claim, you must request deletion the arbitration provision before the policy issued. You can do this by signing this form and returning it to the Company at or before the closing of your real estate transaction or by writing to the Company.

The arbitration provision in the Policy is as follows:"Either the Company or the Insured may demand that the claim or controversy shall be submitted to arbitration pursuant to the Title Insurance Arbitration Rules of the American Land Title Association ("Rules"). Except as provided in the Rules, there shall be no joinder or consolidation with claims or controversies of other persons. Arbitrable matters may include, but are not limited to, any controversy or claim between the Company and the Insured arising out of or relating to this policy, any service in connection with its issuance or the breach of a policy provision, or to any other controversy or claim arising out the transaction giving rise to this policy. All arbitrable matters when the Amount of Insurance is $2,000,000 or less shall be arbitrated at the option of either the Company or the Insured, unless the Insured is an individual person (as distinguished from an Entity). All arbitrable matters when the Amount of Insurance is in excess of $2,000,000 shall be arbitrated only when agreed to by both the Company and the Insured. Arbitration pursuant to this policy and under the Rules shall be binding upon the parties. Judgement upon the reward rendered by the Arbitrator(s) may be entered in any court of competent jurisdiction."

I request deletion of the Arbitration provision.

_________________________________________________________ ____________________________SIGNATURE DATE

_________________________________________________________ ____________________________SIGNATURE DATE

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Fidelity National Financial, Inc. Privacy Statement

Fidelity National Financial, Inc. and its subsidiaries ("FNF") respect the privacy and security of your non-public personal information ("Personal Information") and protecting your Personal Information is one of our top priorities. This Privacy Statement explains FNF's privacy practices, including how we use the Personal Information we receive from you and from other specified sources, and to whom it may be disclosed. FNF follows the privacy practices described in this Privacy Statement and, depending on the business performed, FNF companies may share information as described herein.

Personal Information CollectedWe may collect Personal Information about you from the following sources:Information we receive from you on applications or other forms, such as your name, address, social security number, tax identification number, asset information and income information;Information we receive from you through our Internet websites, such as your name, address, email address, Internet Protocol address, the website links you used to get to our websites, and your activity while using or reviewing our websites.Information about your transactions with or services performed by us, our affiliates, or others, such as information concerning your policy, premiums, payment history, information about your home or other real property, information from lenders and other third parties involved in such transactions, account balances, and credit card information; andInformation we receive from consumer or other reporting agencies and publicly recorded documents.

Disclosure of Personal InformationWe may provide your Personal Information (excluding information we receive from consumer or other credit reporting agencies) to various individuals and companies, as permitted by law, without obtaining your prior authorization. Such laws do not allow consumers to restrict these disclosures. Disclosures may include, without limitation, the following:To insurance agents, brokers, representatives, support organizations, or others to provide you with services you have requested, and to enable us to detect or prevent criminal activity, fraud, material misrepresentation, or nondisclosure in connections with an insurance transaction;To third-party contractors or service providers for the purpose of determining your eligibility for an insurance benefit or payment and/or providing you with services you have requested;To an insurance regulatory authority, or a law enforcement or other governmental authority, in a civil action, in connection with a subpoena or a governmental investigation;To companies that perform marketing services on our behalf or to other financial institutions with which we have joint marketing agreements and/orTo lenders, lien holders, judgment creditors, or other parties claiming an encumbrance or an interest in title whose claim or interest must be determined, settled, paid or released prior to a title or escrow closing.

We may also disclose your Personal Information to others when we believe, in good faith, that such disclosure is reasonably necessary to comply with the law or to protect the safety of our customers, employees, or property and/or to comply with a judicial proceeding, court order or legal process.

Disclosure to Affiliated Companies - We are permitted by law to share your name, address and facts about your transaction with other FNF companies, such as insurance companies, agents, and other real estate service providers to provide you with services you have requested, for marketing or product development research, or to market products or services to you. We do not, however, disclose information we collect from consumer or credit reporting agencies with our affiliates or others without your consent, in conformity with applicable law, unless such disclosure is otherwise permitted by law.

Disclosure to Nonaffiliated Third Parties - We do not disclose Personal Information about our customers or former customers to nonaffiliated third parties, except as outlined herein or as otherwise permitted by law.

Confidentiality and Security of Personal InformationWe restrict access to Personal Information about you to those employees who need to know that information to provide products or services to you. We maintain physical , electronic, and procedural safeguards that comply with federal regulations to guard Personal Information.

Access to Personal Information/Requests for Correction, Amendment, or Deletion of Personal InformationAs required by applicable law, we will afford you the right to access your Personal Information, under certain circumstances to find out to whom your Personal Information has been disclosed, and request correction or deletion of your Personal Information. However, FNF's current policy is to maintain customers' Personal Information for no less than your state's required record retention requirements for the purpose of handling future coverage claims.

For your protection, all requests made under this section must be in writing and must include your notarized signature to establish your identity. Where permitted by law we may charge a reasonable fee to cover the costs incurred in responding to such requests. Please send requests to:

Chief Privacy OfficerFidelity National Financial, Inc.

601 Riverside AvenueJacksonville, FL 32204

Changes to this Privacy StatementThis Privacy Statement may be amended from time to time consistent with applicable privacy laws. When we amend this Privacy Statement, we will post a notice of such changes on our website. The effective date of this Privacy Statement, as stated above, indicates the last time this Privacy Statement was revised or materially changed.

Effective Date: May 1, 2008

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* * * * * * * * * * This is a Contract whereby Georgia Fay Nicholas ("Seller"), agrees to sell to ____________________________ ("Buyer"), who agrees to purchase, upon the terms and provisions hereof, the following described real property:

See Attached Legal Description otherwise known as: 2700 Estates Drive, Amarillo, Potter County, Texas

together with all improvements thereon and all rights, privileges, and appurtenances pertaining thereto, including but not limited to: the house, garage and all other fixtures or improvements attached to the above described property, including without limitation , the following permanently Installed and Built in items, if any; claims and permits, easements. Included with the sale are the following items, curtains and rods, draperies and rods, valances, blinds, window shades, screens, shutters, awnings, wall-to-wall carpeting, mirrors fixed in place, ceiling fans, attic fans, mail boxes, television antennas and satellite dish with controls and equipment, permanently installed heating and air conditioning units, window air conditioning units, built-in security alarm and fire detection equipment, plumbing and lighting fixtures, including chandeliers, water softener, stove, built-in kitchen equipment, garage door openers with controls, built-in cleaning equipment, all swimming pool equipment and maintenance accessories, shrubbery, landscaping, permanently installed outdoor cooking equipment, built-in fireplace screens, artificial fireplace logs, and all other property owned by Seller and attached to the above described real property. All property sold by this Contract is called the “Property”. The Property will be conveyed subject to the following exceptions, reservations, conditions, and restrictions (if none, insert “none”):

A. Easements: Of Record at Potter County Courthouse

B. Restrictions, Zoning Ordinances, or other Exceptions: Of Record at Potter County Courthouse

Article 1

1.1 Sales/Purchase Price. Auction Bid Price: $__________ Buyer’s Premium: $__________ Contract Price: $__________ payable to Seller in cash or immediately available funds at closing.

1.2 Earnest Money. Upon the execution of this Contract by Seller, Buyer shall deposit 10% of the “Contract Price” (the "Earnest Money") with Chicago Title Insurance Company – Suzan Jones (the -"Title Company"). The Title Company is not required to deposit the Earnest Money in an interest bearing account. At closing, the Earnest Money will be applied to the sales/purchase price. The Title Company’s address is 4211 Interstate 40 West, Suite 100, Amarillo, Texas, 79106 Telephone No. (806) 358-0893.

EARNEST MONEY CONTRACT [RESIDENTIAL AUCTION]

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1.3 Closing Date. Closing will be on or before April 29th, 2011 or when applicable closing

documents are made available, at the offices of the Title Company.

Article 2

2.1 Title Commitment. Buyer acknowledges receipt of a title commitment (the "Commitment") covering the Property binding the Title Company to issue a Texas owner policy of title insurance. Buyer will accept title to the Property as shown in the Commitment. All exceptions to title shown in the Commitment will be considered “Permitted Exceptions”.

2.2 Title Insurance. Seller will furnish Buyer with an owner policy of title insurance (the "Title Policy") issued by the Title Company. The Title Policy will be delivered as soon as possible after the sale is closed. The Title Policy will be in the form prescribed by the Texas State Board of Insurance, dated as of the closing date, and issued to Buyer in the amount of the total sales price, guaranteeing Buyer's title to be good and indefeasible subject to the Permitted Exceptions.

2.3 Conveyance. At closing and funding, Seller will convey the Property to Buyer by a warranty deed subject to the Permitted Exceptions.

2.4 Seller’s Closing Costs. Seller shall pay the following closing costs: (i) preparation of warranty deed, (ii) Title Policy, (iii) title curative costs, (iv) tax certificates, (v) one-half of the escrow fees, and (v) Seller’s attorney’s fees.

2.5 Buyer’s Closing Costs. Buyer shall pay the following closing costs: (i) one-half of the escrow fees, (ii) recording warranty deed, (iii) Mortgagee Title Policy if necessary, and (iv) Buyer’s attorney’s fees.

2.6 Ad Valorem Taxes. Ad valorem taxes on the Property for 2010 and prior years will be paid by Seller. Taxes for 2011 will be prorated to the closing date.

2.7 Rollback Taxes. If this sale or Buyer’s use of the Property after closing results in the assessment of additional taxes, penalties, or interest (“Assessments”) for periods prior to closing, the Assessments will be the obligation of Buyer. If Seller’s change in use of the Property prior to closing or denial of a special use valuation on the Property claimed by Seller results in Assessments for periods prior to closing, the Assessments will be the obligation of Seller. Obligations imposed by this paragraph will survive closing.

2.8 Escrow. The Earnest Money is deposited with the Title Company with the understanding that the Title Company (i) is not a party to this Contract and does not assume or have any liability for performance or non-performance of any party to this Contract, (ii) has the right to require from all parties a written release of liability of the Title Company which authorizes the disbursement of the Earnest Money, and (iii) is not liable for interest or other charge on the funds held. If any party unreasonably fails to deliver promptly the document described in (ii) above, then that party will be liable for attorney's fees. Any refund or payment of the Earnest Money under this Contract will be reduced by the amount of any actual expenses incurred on behalf of the party receiving the Earnest Money, and the Title Company will pay the same to the creditors entitled thereto.

2.9 Auctioneer’s Commission. Alliance Auction Group, LLC dba United Country Alliance Auction & Realty served as the auctioneer (“Auctioneer”) and has conducted the auction to sell the Property. Seller shall pay Auctioneer, in Potter County, Texas, a commission as set forth in a separate agreement. The Title Company is authorized to disburse Auctioneer’s fee from Seller’s funds.

2.10 Notice to Buyer. According to the terms of the Real Estate License Act of Texas, you, as Buyer, are advised by Auctioneer that Buyer should have the abstract covering the Property examined by an attorney of Buyer’s selection, or be furnished with or obtain an owner policy of title insurance.

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2.11 Seller's Remedies. Upon failure of Buyer to comply herewith, Seller may either:

(a) cancel this Contract and thereupon the Earnest Money shall be paid to Auctioneer to the extent of Auctioneer’s fee and the balance, if any, to Seller and there will be no further obligation to be borne, performed, or enforced by any party hereto; or,

(b) enforce specific performance hereof; or;

(c) seek other relief as may be provided by law.

2.11 Buyer's Remedies. If Seller fails to comply herewith for any reason, except Buyer’s default, Buyer may either:

(a) cancel this Contract and thereupon the Earnest Money shall be returned to Buyer and there will be no further obligation to be borne, performed, or enforced by any party hereto; or,

(b) enforce specific performance hereof; or,

(c) seek other relief as may be provided by law.

2.12 Attorney's Fees. Any party to this Contract or the Title Company who prevails in any legal proceeding brought under or with relation to this Contract or transaction will be additionally entitled to recover court costs and reasonable attorney's fees.

Article 3

3.1 Examination of Property. BUYER HAS EXAMINED THE PROPERTY TO BUYER'S COMPLETE SATISFACTION AND KNOWS ITS CONDITION. IN PURCHASING THE PROPERTY, BUYER RELIES ONLY ON BUYER'S EXAMINATION AND JUDGMENT, NOT ON THE REPRESENTATION OF SELLER OR ANY OTHER PERSON AS TO VALUE, FUTURE VALUE, CONDITION, SIZE, AGE, USE, ENVIRONMENTAL CONDITION, OR ANY OTHER MATTER. BUYER ACKNOWLEDGES THAT IN SELLING THE PROPERTY, SELLER MAKES NO WARRANTIES OTHER THAN TITLE.

3.2 Property Condition. BUYER IS PURCHASING THE PROPERTY ON AN "AS IS" BASIS, WITH ALL FAULTS AND PROBLEMS OF ANY KIND AND NATURE, KNOWN OR UNKNOWN, PATENT OR LATENT, OF A PHYSICAL, ENVIRONMENTAL, OR LEGAL CONCERN, OR OTHERWISE. THE PURCHASE PRICE REFLECTS THE EXISTING CONDITION OF THE PROPERTY AND ANY DAMAGE OR DETRIMENT BUYER MAY SUFFER BY REASON OF THE CONDITION OF THE PROPERTY IS FULLY COMPENSATED FOR BY THE PURCHASE PRICE. THE PROVISIONS OF PARAGRAPHS 3.1 AND 3.2 WILL SURVIVE THE CLOSING.

3.3 Notice of Possible Annexation. Pursuant to Section 5.011 of the Texas Property Code, Seller gives Buyer the following notice:

If the property that is the subject of this Contract is located outside the limits of a municipality, the property may now or later be included in the extraterritorial jurisdiction of a municipality and may now or later be subject to annexation by the municipality. Each municipality maintains a map that depicts its boundaries and extraterritorial jurisdiction. To determine if the property is located within a municipality’s extraterritorial jurisdiction or is likely to be located within a municipality’s extraterritorial jurisdiction, contact all municipalities located in the general proximity of the property for further information.

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3.4 Lead Warning. If the Property includes a house, see “Addendum for Seller’s Disclosure of Information on Lead-Based Paint and Lead-Based Paint Hazards as Required by Federal Law” attached hereto and made a part hereof for all purposes.

3.5 Disclosure. If the Property includes a house, pursuant to Section 5.008 of the Texas Property Code, Seller has furnished Buyer with a Seller’s Disclosure Notice. The Notice was given to Buyer because the law requires the Notice be given to Buyer but Buyers should not rely on any of the statements set forth in the Notice. Buyer should have the Property inspected by a qualified inspector or otherwise satisfy itself as to the condition of the Property.

Article 4

4.1 Possession. Possession of the Property will be delivered to Buyer at closing and funding.

4.2 Notices. Any notice, tender, or delivery to be given hereunder must be in writing and will be affected either by personal delivery or by registered or certified mail, postage prepaid, return receipt requested. Notice will be deemed received upon personal delivery or two days after mailing. Mailed notices must be addressed as set forth herein, but each party may change his address by written notice according to this paragraph.

4.3 Time. Time is of the essence of this Contract.

4.4 Mutual Understanding. Seller and Buyer have carefully read and understand the effect of this Contract. Each of the parties has had the assistance of separate counsel in carefully reviewing, discussing, and considering all the terms of this Contract. Counsel for each of the parties has read and considered this Contract and advised their clients regarding the execution of the same. This Contract will be construed as if prepared by counsel of both Seller and Buyer.

4.5 Only Agreement. This Contract constitutes the sole and only agreement of the parties hereto and supersedes any prior understanding or written or oral agreements between the parties respecting the within subject matter.

4.6 Non-Foreign Person Affidavit. At closing, Seller shall deliver to Buyer a duly executed affidavit stating (i) Seller’s United States Taxpayer Identification Number for federal income tax purposes and (ii) that Seller is not a “foreign person” within the meaning of Section 1445, et seq., of the Internal Revenue Code.

4.7 Parties Bound. This Contract is binding upon and inures to the benefit of the parties hereto and their respective heirs, executors, administrators, legal representatives, successors, and assigns.

4.8 Signature by Facsimile. This Contract will be deemed fully executed by all parties if it bears the signatures of all parties. A FAX of the signature of a party will be binding on the signing party and delivery of this Contract by FAX will constitute delivery of this Contract for all purposes and will thus be binding on the party sending the FAX.

4.9 Counterparts. This Contract may be executed in counterparts and, if so executed, shall be valid, binding, and have the same effect as if all the parties hereto actually joined in and executed one and the same document.

4.10 Paragraph Headings. Paragraph headings are included only for convenience and are not to be used to construe any provision of this Contract.

4.11 Gender. Whenever the context requires, the singular includes the plural, the plural the singular, and the use of any gender includes all genders.

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4.12 Consult Your Attorney. AUCTIONEER/BROKER CANNOT GIVE LEGAL ADVICE. THIS IS A LEGALLY BINDING CONTRACT AND SHOULD BE READ VERY CAREFULLY. IF YOU DO NOT UNDERSTAND THE EFFECT OF THIS CONTRACT, CONSULT WITH YOUR ATTORNEY BEFORE SIGNING. Dated the 26th day of March, 2011

DISCLOSURE

BUYER IS ADVISED THAT THE BUILDING(S) LOCATED ON THE PROPERTY WAS CONSTRUCTED BEFORE JANUARY 1, 1981; THEREFORE, IT IS PRESUMED THAT THERE IS ASBESTOS CONTAINING BUILDING MATERIALS IN THE FLOOR COVERINGS, THERMAL INSULATION MATERIALS, SPRAY-ON OR TROWELED-ON WALL AND CEILING SURFACES, AND OTHER MATERIALS IN THE BUILDING(S). THERE MAY BE OTHER HAZARDOUS MATERIALS IN THE BUILDING(S). BUYER ACCEPTS THE PROPERTY WITHOUT THE REMOVAL OF ANY ASBESTOS CONTAINING BUILDING MATERIALS AND OTHER HAZARDOUS MATERIALS.

[SIGNATURES ON PAGE 6]

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Address: SELLER: 2020 Campbell Place______________ ________________________________________ Anchorage, Alaska 99507__________ Georgia Fay Nicholas Telephone No. (907) 854-7288______ Facsimile No. (907) 729-3349_______ E-Mail Address:[email protected] Address: BUYER: _______________________________ _________________________________________ _______________________________ Telephone No. ___________________ _________________________________________ Facsimile No.____________________

RECEIPT BY TITLE COMPANY

The Title Company acknowledges receipt of this Contract and _______________ as Earnest Money from Buyer in the form of Check _________________________________________.

Dated: _______________, _____. ________________________________________ By: _____________________________________ Name:___________________________________ Title: ____________________________________

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www.AllianceAuctioneers.com

Be sure to mark your calendar for Saturday, March 26th, 2011

12:00PM CST

Please call our office if you have any questions

2744 Duniven Circle Amarillo, TX 79109

Toll Free: 877-271-7891

Office: 806-553-1960 Fax: 806-553-1964

[email protected] www.AllianceAuctioneers.com

Please be sure to check out our website for up-to-date details for this auction as well as upcoming auctions.


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