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DESCRIPTION OF CLYMER VILLAGE HOME

TO BE AUCTIONED APRIL 07, 2007 AT 4:00 P.M.

LOCATION: 324 Clymer-Corry Road (aka South Center Street and County Road 15),

Town of Clymer, County of Chautauqua, State of New York.

TAX PARCEL NUMBER: Section 429.19 Block 1 Lot 18 (new number)

Section 13 Block 3 Lot 21.3 (old number)

TAX ASSESSMENT: $28,000.00 Total. (Land - $9,000.00, Buildings - $19,000.00)

TAXES: $448.93 Total. (2007 Town & County Taxes - $448.93. 2006-2007 School Taxes - $0.00 with Basic STAR Exemption. Would have been $415.61 with no STAR Exemption, for a total of $864.54 for all taxes.)

SCHOOL DISTRICT: Clymer Central School.

LAND: 160 feet of frontage on the east side of Clymer-Corry Road (County Road 15) and a depth of 189 feet on the north boundary. (See attached tax map.)

UTILITIES: National Fuel Gas. National Grid Electric. Windstream Telephone.

Time Warner TV Cable. Village Light District.

SEWER and WATER: Private septic system, approximately 10 years old or less.

Last pumped in 2006. Village Water. Billed twice a year, based on use.

HOUSE DESCRIPTION: Presently used as single family residence. Previously used as two family residence, with one apartment downstairs and one apartment upstairs.

TYPE: Two story. Stone foundation with some concrete block. Partial basement has some concrete and some dirt floor. Green metal hip roof, unknown age. Wood frame. New yellow vinyl siding with new insulation underneath. All windows are new vinyl replacements. Green shutters.

AGE: Originally built approximately 1850.

SIZE; 2,170 sq. ft. total. 1,085 sq. ft. each floor.

HEATING: Gas forced air furnace and gas hot water heater for downstairs. Gas space heaters were previously used upstairs, and electric hot water heater. Each apartment has its own gas meter.

ELECTRIC: Each apartment has 100 amp service with circuit breakers. Each apartment has its own electric meter.

INTERIOR: Measurements are approximate.

DOWNSTAIRS:

KITCHEN: 10’x 15’. Plywood cupboards. Small closet. Vinyl floor. Ceiling tile. Laundry hook ups. Back door.

LIVING ROOM: 14’x 14’. Walk-in closet. Hardwood floor. Ceiling tile. Door to front entry.

NORTHWEST BEDROOM: 11’8”x 14’. Closet. Hardwood floor. Door to front entry.

NORTHEAST BEDROOM: 9’9”x 11’10”. Hardwood floor. Paneled walls.

SOUTHEAST BEDROOM: 9’6”x 15’. Hardwood floor. Paneled walls. Ceiling tile.

BATH: 5’x 8’6”. Vinyl floor. Ceiling tile.

FRONT ENTRY: Door to living room, door to bedroom, and stairs.

UPSTAIRS: Presently all rooms are used as bedrooms or storage rooms.

HALLWAY: Vinyl floor.

SOUTHEAST ROOM: 14’x 17’6”. Previously used as living room. Paneled walls. Vinyl floor.

SOUTHWEST ROOM: 11’6”x 11’6”. Painted walls. Vinyl floor.

NORTHEAST ROOM: 10’6”x 11‘. Previously used as kitchen, sink still there. Small storage room behind it, previously was rear entry room and laundry room. Vinyl floor.

NORTHWEST ROOM: 11’x 14’. Painted walls. Vinyl floor.

BATH: 6’8”x 10’. Not in use presently. Vinyl floor.

DETACHED GARAGE: 24’x 24’. Built in 1975. Concrete block foundation. Wood frame. Metal siding. Asphalt shingle roof. Dirt floor. Two overhead door.

TERMS AND CONDITIONS OF AUCTION

REAL PROPERTY LOCATED AT 324 CLYMER-CORRY ROAD,

TOWN OF CLYMER, COUNTY OF CHAUTAUQUA, STATE OF NEW YORK.

IDENTIFIED AS TAX PARCEL:

SECTION 429.19 BLOCK 1 LOT 18 (new number)

or SECTION 13 BLOCK 3 LOT 21.3 (old number)

WILL BE OFFERED FOR SALE AT PUBLIC AUCTION

ON SATURDAY, APRIL 07, 2007 AT 4:00 P.M.

1. This property will be sold “AS IS, WHERE IS”, with no guarantees or warranties of any sort, either actual or implied, including but not limited to electrical, plumbing, heating, septic, and water systems, interior and exterior of all buildings, any fixtures, and the land.

2. All property boundaries are approximate, and no guarantees of any kind are given with respect to the acreage shown on tax maps, or referred to in any existing deeds, surveys, or sale literature. If a survey is desired by the Purchaser, it will be completed before closing, to be paid for by the Purchaser.

3. Prospective Purchasers are responsible for inspecting the property, being knowledgeable about its physical condition and any existing zoning regulations, leases, easement, rights of way, or other restrictions regarding its use, and understanding closing costs and fees, PRIOR TO THE AUCTION.

4. The sale is subject to the approval of the Seller, who reserves the right to accept or reject any and all bids, within 72 hours after the auction.

5. The successful high bidder will immediately sign a Contract For Sale of Real Property and will place TEN PER CENT (10%) of the bid in the form of cash or good check with Nye Hill Realty, to be held in their escrow account until closing.

6. The deposit will NOT be refunded to the Buyer, and will be forfeited to the Seller, if the sale is not completed due to the default of the Buyer for any reason.

7. The deposit WILL be refunded in full to the Buyer if the sale is not completed due to the default of the Seller for any reason.

8. The BALANCE will be due AT CLOSING, on or before MAY 22, 2007, and POSSESSION will be granted to the Buyer at closing.

9. The Seller shall furnish a WARRANTY DEED to the Purchaser, free and clear of any liens or encumbrances, subject to any leases, easements, right of way, or deed restrictions of record.

10. CLOSING COSTS: The Seller will pay for the Title Search update, Revenue Stamps, and TP Filing Fee. The Purchaser will pay Deed Recording Fee, and RPS 5217 Filing Fee. Each will pay own attorney fees.

11. PROPERTY TAXES will be PRORATED as of the CLOSING DATE.

12, Margaret T. Nyweide, John J. Nyweide, and Michael W. Peterson are acting only as Sales Agents for the Seller.

ANY ANNOUNCEMENTS MADE BY THE AUCTIONEER ON THE DAY OF THE SALE WILL TAKE PRECEDENCE OVER ANY PRINTED MATERIAL.

SELLER AND SALES AGENTS ARE NOT RESPONSIBLE FOR ANY ACCIDENTS, SHOULD THEY OCCUR BEFORE, DURING, AFTER, OR BECAUSE OF THE AUCTION.

SELLER: Edward Oswalt

324 Clymer-Corry Road, Clymer, New York 14724

Book of Deeds, Liber 2302 Page 814, Recorded December 03, 1993.

ATTORNEY: Crandall G. Nyweide

562 Clymer-Sherman Road, P.O. Box 369

Clymer, New York 14724

Telephone: 716-355-2740 Fax: 716-355-6167

BROKER: Nye Hill Realty, Margaret T. Nyweide and John J. Nyweide