FINANCING: Subject to Seller's approval of Purchaser's credit: A 30% down payment with the balance secured by a first deed of trust, amortized over 20 years at 7 % interest, calling for monthly payments of principal and interest; all due and payable at the end of 5 years.

DESCRIPTION: This 22± acre residential development tract is located within 1/2 mile of Auction Property #102. Lake Tapps plateau is just east of the property and the city of Sumner lies just west. A small portion of the property, approximately one acre in size, is within the city limits of Sumner, and is zoned Low Density Residential with minimum lot sizes of 12,000 sq. ft. The remainder of the property is located in Pierce County and is zoned Moderate Density Single Family with a 5,000 sq. ft. average minimum lot size. The tract has over ? mile of frontage along Forest Canyon Road East, providing excellent opportunity to develop access throughout the parcel. Power is available to the property (charges may apply - see Supplemental Information Package).

LOCATION: In Sumner, follow East Valley Highway east to Forest Canyon Road East. Turn onto Forest Canyon Road East heading east approximately 1/2 mile to the property on the right. APN #0520073007/0520074001/0520074005.

SEALED BIDS DUE NO LATER THAN 5:00 P.M., NOVEMBER 18, 2009

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