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A bidder's deposit of $4,370.00 in cash or by certified or cashier's check will be required of each bidder other than the Noteholder. The Trustee reserves the right to waive or modify the reSuirements
of the bider's deposit. At the conclusion of the sale deposits of the unsuccessful bidders will be returned, and the successful bidder will be required to execute a written contract for the purchase of the property. The purchaser's deposit, without interest, will be applied to the purchase price at settlement. The balance of the purchase price, plus interest on such balance at the rate of 10% per annum from the date of sale through the date of settlement, will be due in immediately available funds at settlement, which shall occur no later than fifteen (15) days after the sale.
The property will be sold "AS IS*, and conveyed by Special Warranty deed, subject to the lien of a superior deed of trust In the original amount of $194,000 00, and to all other recorded and unrecorded liens, judgments, rights, reservations, covenants, easements and restrictions as may lawfully affect the
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