Real Estate Auction

53+/- Acres – Formerly Orchard

Multiple Tracts Offered Separately

FSA Owned – Title Obtained

March 29, 2011 – 2 PM

Seller: USDA Farm Service Agency

Auction Location: Quincy Community Center, 115 F Street SE, Quincy, WA 98848

Abbreviated Sale Terms:

• Bidding requires pre-qualification

• 10% Buyer Premium will be added to the high bid to determine the selling price, per Tract.

• Bidder Deposit – $5,000, per Tract cashiers checks, made payable to Stewart/Security Title Guaranty will be required for bidder registration according to the complete terms and conditions.

• Earnest Money Deposit – Successful bidders will be required to provide a minimum earnest money deposit of ten percent (10%) of the purchase price payable to Security Title Guaranty at the close of the real estate auction. The cashier’s check Bidder Deposits will be applied to that percentage.  Buyers must be prepared to issue personal checks for the balance due in excess of the bidder deposit to be made payable to  Security Title Guaranty to complete the earnest money deposit requirements.

• Terms – Cash at closing, no later than April 29, 2011.

• All sale offers are subject to confirmation & acceptance by Seller.

• Auction Tracts are being sold by legal description, not acres.

Property Inspection: At viewer discretion.

View 53 +/- Acres – Quincy, WA (http://maps NULL.google NULL.com/maps/ms?ie=UTF8&hl=en&oe=UTF8&msa=0&msid=211660943779851337384 NULL.00049e8c134a967742efd&ll=47 NULL.242145,-119 NULL.90491&spn=0 NULL.01743,0 NULL.1031&source=embed) in a larger map

Directions:

From Quincy, WA drive 2 miles west on Hwy 28, turn right (north) 1 mile on Rd S NW, turn left (west) 2 miles on Rd 11 NW, turn right (north) 1/4 mile on Rd U NW, left on Rd 11.2 NW 1+/- mile to ‘T’. Turn left to Track 2; Right to Tract 1. Watch for auction signs.

Property Information & Legal Descriptions:

Preliminary Title Commitment and Legal Description

Title Company Tax Parcel Maps

Auction Documents:

Real Estate Auction Terms & Conditions

FSA Invitation, Bid, Acceptance

Addendum To Purchase & Sale Agreement

Law of Real Estate

Rescheduled Date Posted

Real Estate Auction

148+/- Gross Acres – 134+/- Irrigable

Multiple Tracts Offered Separately or Combined

Owner Financing Available

Wednesday, March 23, 2011 – 2 PM

Auction Location: Red Lion Hotel, N 1101 Columbia Center Blvd, Kennewick, WA 99336

Seller: Sonshine Orchard Ltd.

Abbreviated Sale Terms:

• Bidding requires pre-qualification

• 10% Buyer Premium will be added to the high bid to determine the selling price, per Tract.

• Bidder Deposits – Per Tract, will be required at bidder registration made payable to Benton-Franklin Title Co. and according to the complete terms and conditions, posted below.

• Earnest Money Deposit – Successful bidders will be required to provide a minimum earnest money deposit of ten percent (10%) of the purchase price payable to Benton-Franklin Title Co. at the close of the real estate auction. The cashier’s check Bidder Deposit will be applied to that percentage.  Buyers must be prepared to issue a personal check for the balance due in excess of the bidder deposit to be made payable to Benton-Franklin Title Co. to complete the earnest money deposit requirement.

• Terms – Cash at closing, or seller financing available; no later than April 26, 2011.  Seller Financing- 20 year amortization, 5.5% interest, annual payments, 10-year balloon payment. Large Tract (135 ac.+/-) minimum $250,000 down payment; Short Plat Lots minimum down payment 30% of selling price, 10-year amortization.

• All sale offers are subject to confirmation & acceptance by Seller.

• Auction Tracts are being sold by legal descriptions, not acres.

Property Information:   Complete sale terms, bidder information & property information package is available at www.WREAONLINE.com or by contacting (509) 297-9294.

Property Inspection: At Viewer Discretion.

Disclaimer:  Buyer and his agent are responsible for independently verifying all presented information. No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, including but not limited to: acreages, dimensions and or square footage of buildings, or the condition of any of the aforementioned. The same is submitted subject to errors, omissions, change of price, rental or other conditions and withdrawal without notice.

General Description:

Size:  147.08 Acres (slightly more than that in crop due to use of an easement)

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Sonshine Crop Insurance Breakdown

Auction Documents:

Auction Terms and Conditions

Purchase and Sale Agreement

Real Estate Contract

Law of Real Estate