Sealed Bids will be accepted on each individual property based on a Total Bid per property. All bids should be in the office of Barfield Properties, Inc. P.O. Box 370 Shellman, Georgia 39886 by Wednesday, September 27, 2006 at 5:00 PM EST.

Please submit your bid in an envelope marked 10/23/07 SEALED BID AUCTION.

Bids must be either mailed, faxed, or hand delivered to be considered, telephone bids will not be accepted.

The owner reserves the right to review all bids at Bid Opening and give notice of acceptance or rejection of bids within ninety-six (96) hours of bid opening.

The successful purchasers will be asked to sign the Seller's Real Estate Purchase Agreement on sale day and make an earnest money deposit equal to ten percent (10%) of the contract price. The Purchaser will pay the balance with a bank cashiers check at a closing to be held within thirty (30) days of bid acceptance. If bid is rejected, the earnest money check will be returned to the bidder. The Seller will be responsible for Georgia State transfer tax. The 2007 property taxes and any government program payments will be prorated at closing. Survey and all other cost will be the responsibility of the Purchaser. The information contained in this bid package and all related materials are subject to the terms and conditions of Purchase Agreement. The property is being sold on an “AS-IS, WHERE-IS WITH ALL FAULTS” basis. THE PROPERTY WILL BE SOLD FOR ALL CASH. Sale is not contingent upon any financing. Your complete inspection of the property and pertinent documents is recommended. Each bidder must conduct and rely solely on their own investigation and inspection. Please review all information and seek appropriate assistance prior to submitting your bid. Announcements made on Auction Day take precedence over any prior oral statements or written material except for the fully executed purchase agreement and subsequent closing documents. All properties will be sold subject to Seller’s confirmation within ninety-six (96) hours.