388 N Dakota St., Chandler, AZ 85224

SELLER INTENDS A 1031 EXCHANGE - BUYER TO COOPERATE AT NOT COST TO BUYER. PROP WAS REHABED W/CITY OF CHANDLER MATCHING FUNDS. BUYER TO ASSUME EXISTING NOTE WHICH IS AMORTIZED & REDUCES ANNUALLY. DOES NOT REQUIRE REPAYMENT BUT REMAINS AS A LIEN THROUGH 2005 APPROX. ** CALL LISTER FOR COPY OF NOTE - THIS NOTE IS NOT TO BE CONSIDERED PART OF THE LISTED PRICE. NO COMMISSION TO BE PAID ON CITY LIEN AMOUNT AS IT IS A NON-DEBT SERVICE LIEN. CALL LISTER W/ANY QUESTIONS.