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IMPORTANT REAL ESTATE AUCTION - 13.16 +/- ACRES IN 1 TRACT, AS PART OF A 36.61+/- ACRE AUCTION - SAN LUIS OBISPO COUNTY, CA
Thu, Aug 11, 6:00 PM
San Luis Obispo County, Cambria, California

Owner: Assemi Brothers LLC

• Mix of Rural & Commercial/Development Land • Beautiful Potential Homestead & Development Sites • Near the Famous Hwy 1 with an Ocean View! • Tracts Ranging from 1.92-17.54+/- Acres

OPEN HOUSE/INSPECTION DATES
Meet a Representative at the Tract:
Monday, July 18 from 11am-1pm
Tuesday, August 2 from 4-6pm
Thursday, August 11 from 12-2pm

PROPERTY LOCATION
From Hwy 1 turn east on Cambria Pines Rd. Property is about 0.2 mi. down the road on the north side of the road.

AUCTION LOCATION
Cambria Pines Lodge, 2905 Burton Dr, Cambria, CA 93428
From Hwy 1, turn north on Burton Dr for 0.3 mi. Turn left on Patterson Place & the venue will be on the right side of the road.

TRACT DESCRIPTIONS
Tract 1: 13.2± ac 13.16+/- acres with a great location off the famous Highway 1 which provides a tremendous view of the Pacific Ocean! Ideally situated in San Luis Obispo County with quick access to Moonstone Beach, and within short driving distance to Paso Robles and San Luis Obispo. A survey drawing can be viewed in the information book and data room. Do not miss this extremely rare opportunity!

Summary of Auction Terms and Conditions:

BIDDING PROCEDURE: You may bid on any individual tract or any combination of two or more of the Fresno County tracts. Bidding on the individual Fresno County tracts will compete w/ combination bids until the end of bidding. Final bids are subject to Sellers acceptance or rejection.

PURCHASE CONTRACT: Immediately following the close of bidding, each high bidder will sign a purchase contract in the form provided in the bidder packets. All information contained in this brochure and other marketing materials is subject to the terms of the purchase contract.

BUYERS PREMIUM: The purchase price will be the high bid amount plus a 6% buyers premium.

PAYMENT: 10% of the purchase price will be due as an earnest money deposit, w/ the balance due at closing. YOUR

BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.

CLOSING: To be scheduled in accordance w/ the purchase contract, approx. 45 days after the auction.

POSSESSION: At closing.

REAL ESTATE TAXES: Prorated to the day of closing.

DELIVERY OF TITLE: By warranty deed, subject to Permitted Exceptions as defined in the purchase contract.

EVIDENCE OF TITLE: Preliminary title evidence will be available to review before the auction. Buyer will receive a final title insurance commitment before closing. At closing, Seller will pay for the cost of a standard coverage owners title insurance policy.

SURVEY: It is expected that each tract will be conveyed using existing legal descriptions without a new survey. A new survey will be obtained only if necessary to record the conveyance or otherwise deemed necessary in Sellers sole discretion. The cost of any such survey will be shared equally (50:50) by Seller and Buyer.

ACRES; TRACT MAPS: Advertised acres and depictions of boundary lines are approximations based on property tax data and maps.

DISCLAIMER: THE PROPERTY IS OFFERED AS IS, WHERE IS, WITHOUT ANY WARRANTY OF ANY KIND AS TO ITS CHARACTER OR CONDITION OR ITS SUITABILITY FOR ANY PARTICULAR USE OR PURPOSE. The information contained in this brochure and any other marketing materials for this auction is provided without any warranty or representation as to the accuracy, completeness, or significance of any such information. Prospective bidders are responsible for completing their own independent inspections, investigations, inquiries and due diligence prior to bidding and for independently verifying any information relied upon. No liability for its accuracy, errors, or omissions is assumed by the Seller, Broker, or Auction Company.

AGENCY: The Broker (Sierra Land Company; Sarah Donaldson) will act as a sellers agent and will represent only the seller in connection w/ any sale. The Auction Company (Schrader Real Estate and Auction Company, Inc.) is providing auction services on behalf of (and will represent only the interests of) the owner/seller.

CONDUCT OF AUCTION: The conduct of the auction and increments of bidding will be at the direction and discretion of the auctioneer. All decisions of the auctioneer regarding the conduct of bidding at the auction are final. Seller and its agents reserve the right to preclude any person from bidding if there is any question as to the persons identity, credentials, fitness, etc.

CHANGES: Please arrive early to review any updates to the property information. THE TERMS OF THE PURCHASE CONTRACT and AUCTION DAY ANNOUNCEMENTS WILL TAKE PRECEDENCE OVER THE MARKETING MATERIALS and ANY OTHER PRIOR STATEMENTS.