AUCTION! AUCTION!

Downtown Commercial Real Estate
(Owner Financing Available)

Wednesday, September 24, 2008 • 2:00 PM
113 & 119 East 9th. • STILLWATER, OK

TWO LANDMARK COMMERCIAL BUILDINGS IN THE HEART OF DOWNTOWN STILLWATER, OKLAHOMA. PROPERTIES MAY BE UTILIZED FOR ALMOST ANY COMMERCIAL PURPOSE. BOTH PROPERTIES LOCATED IN STILLWATER BUSINESS IMPROVEMENT DISTRICT. OWNER FINANCING AVAILABLE. LOOK TODAY!

BUILDING #1: Contains Approx. 8,240Sq.Ft. (59’x140’). Overhead Doors In Front & Rear Of Building. Interior Offices. Building Has Bathroom In Front & Rear Area. LOT SIZE: 50’x140’.
ZONING: CI - Commercial/Industrial. TAXES: Est. $1,155.

BUILDING #2: Contains Approx. 3,375Sq.Ft. (25’x135’). Open Access Front & Rear. Interior Front Office. Building Has Bathroom In Rear Of Building. Building Is Under Lease For $600 Per Month. Lease Expires June 1, 2009. LOT SIZE: 25’x140’. ZONING: CI- Commercial/Industrial. TAXES: Est. $500.

INSPECTION: Buildings Will Be Open For Detail Inspection Tuesday, September 23 From 1pm To 4pm. Call Auctioneer For Private Inspection, Anytime.

TERMS: 10% Day Of Auction. 15% Day Of Closing. (25% Down Payment). Balance Secured By First Mortgage & Note. Note Payable In Equal Monthly Installments, Including Interest, at 7 1/2% For A Period Of 10 Years. FIXED RATE. NO CLOSING COSTS. NO PREPAYMENT PRENALTY. Cash Accepted. Auction Subject To Existing Lease On Building #2. Immediate Possession Of Building #1 Upon Closing. Properties Auctioned Individually And/Or Collectively At The Discretion Of The Auctioneer. Announcements Made Day Of Auction Supercede All Other Advertising.

• NO BUYERS PREMIUM •

OWNER: KARL & MARLENE OLTMANNS TRUST