162

Hemphill, TX Homes for Sale

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  • /17

    $30,000

    $24K PRICE DROP
    • 1 Bed
    • 1 Bath
    • 588 Sq Ft

    153 Guidry Dr, Hemphill, TX 75948

    HOUSE ONLY FOR SALE. NO LAND. Adorable small cabin, furnished, MUST BE MOVED. Has separate bedroom, one bath, living room/kitchen combo, has bedroom furniture, living room furniture, most everything in cabin remains except washer and dryer. They are for sale. Ready to move in once moved onto your property. Covered porch included. Window units. Seller uses electric fireplace for warmth and

    Carol Aaron Toledo Bend Properties

    153 Guidry Dr, Hemphill, TX 75948
  • /24

    $69,500

    • 2 Beds
    • 1 Bath
    • 528 Sq Ft

    200 Ridgecrest Dr, Hemphill, TX 75948

    Fully furnished lake getaway just steps from the water in the Beechwood II subdivision! This move-in ready 2 bedroom, 1 bathroom home offers 528 square feet of efficiently designed living space on a spacious 0.252-acre lot. Whether you’re looking for a weekend retreat, fishing camp, Airbnb investment, or affordable full-time living, this one checks all the boxes. Located just around the corner

    David Rutledge Triangle Real Estate, LLC

    200 Ridgecrest Dr, Hemphill, TX 75948
  • /62

    $1,199,000

    $51K PRICE DROP
    • 3 Beds
    • 2.5 Baths
    • 2,720 Sq Ft

    400 Sunny Shores, Hemphill, TX 75948

    Stunning Waterfront Home on Millionaire Point — Toledo Bend Lake. This beautiful 3-bedroom, 3.5-bathroom lakefront residence sits on Millionaire Point — one of the most coveted stretches of shoreline on Toledo Bend Lake near Hemphill, Texas. This beauty sits on 2 acres with impressive water views. Plenty of yard space and a dock featuring a pontoon lift and a bass boat lift (interchangeable) made

    Georgina Stewart A Real Estate Connection

    400 Sunny Shores, Hemphill, TX 75948
  • /21

    $99,000

    • Land
    • 6.5 Acres
    • $15,231 per Acre

    359 Mallard, Hemphill, TX 75948

    Prime Acreage in the Heart of the 6 Mile Community – Near Toledo Bend! This 6.5-acre tract is located in the sought-after 6 Mile community. The property has been mulched, leaving a beautiful mix of mature oak and pine trees with a flat terrain ready to build your dream home, barndominium, or even a small subdivision development. Nice pond and a boat ramp less than 1/4 of a mile! Additional

    Georgina Stewart A Real Estate Connection

    359 Mallard, Hemphill, TX 75948
  • /4

    $8,000

    • Land
    • 12,196 Sq Ft
    • $28,571 per Acre

    82 River Oaks Dr, Hemphill, TX 75948

    Beautiful lot located in Springhill Subdivision with water and electric available; septic will be needed. Mobile Homes and travel trailers are allowed. County maintained roads with a boat launch nearby. Great spot for a camp close to the lake, the National Forest and amenities.

    Donna Head Rayburn Realty

    82 River Oaks Dr, Hemphill, TX 75948
  • /21

    $185,000

    $14K PRICE DROP
    • 4 Beds
    • 2 Baths
    • 1,844 Sq Ft

    630 Worth St, Hemphill, TX 75948

    Excellent investment opportunity with this well-maintained duplex with 2 units- each with 2 bedrooms and 1 bathroom, offering spacious floor plans and conveniently located in town. Positioned in a high demand rental market, the property is currently tenant-occupied providing immediate cash flow. Conveniently located to the school, grocery store, local hospital and restaurants. Low maintenance

    Georgina Stewart A Real Estate Connection

    630 Worth St, Hemphill, TX 75948
  • /10

    $149,900

    • Land
    • 2.99 Acres
    • $50,167 per Acre

    495 Rice St, Hemphill, TX 75948

    PRIME COMMERCIAL OPPORTUNITY! This apx 2.988 acre cleared tract rests on dual road frontages, providing visibility and flexibility for development. Both frontages could serve multiple access points for traffic flow entry and exit. LOCATION makes it ideal for retail or service-based businesses seeking strong exposure with convenience, just 2 blocks from downtown Hemphill. Hemphill thrives on

    Jessica Seale Toledo Bend Properties

    495 Rice St, Hemphill, TX 75948
  • /16

    $22,500

    $2K PRICE DROP
    • Land
    • 18,817 Sq Ft
    • $52,083 per Acre

    119 Antietam Dr, Hemphill, TX 75948

    Imagine owning two untouched lots nestled in the tranquil surroundings of the Rebel Ridge subdivision, just steps away from Toledo Bend Reservoir. With combined dimensions of 0.432 acres, these pristine parcels offer a unique opportunity to build your dream home or a cozy retreat. The property includes access to a private boat ramp and fishing pier, allowing you to take full advantage of the

    Caleb Graf Allman Company

    119 Antietam Dr, Hemphill, TX 75948
  • /3

    $4,500

    • Land
    • 14,549 Sq Ft
    • $13,473 per Acre

    0 Marlin Lot 312 Dr Unit 49069527, Hemphill, TX 75948

    BRING YOUR BOAT AND YOUR GOLF CLUBS!COME ENJOY THE OUTDOORS HERE ON TOLEDO BEND'S PENDLETON HARBOR SUBDIVISION.THIS WOODED PIECE OF PARADISE MAKES LAKE LIFE LIVING EASY, WITH COMMUNITY BOAT RAMPS, A 9-HOLE GOLF COURSE, AND ACCESS TO TOLEDO BEND LAKE! THIS PROPERTY WILL BE YOUR PERFECT ESCAPE OFFERING QUICK ACCESS TO LOUSIANA.

    Grayson Fisher eXp Realty, LLC

    0 Marlin Lot 312 Dr Unit 49069527, Hemphill, TX 75948
  • /79

    $750,000

    • 2 Beds
    • 2 Baths
    • 1,680 Sq Ft

    155 Serenity Point, Hemphill, TX 75948

    Waterfront barndominium built in 2021 offering breathtaking 180-degree views of wide open water facing Louisiana. This energy-efficient property features a 2-bedroom, 2-bath main home with approximately 1,700 square feet, plus not one but two separate mother-in-law quarters! Ideal for guests, extended family, or short-term rental potential. Inside, you'll find upgraded countertops, designer

    Margie Edgar-Sanford A Real Estate Connection

    155 Serenity Point, Hemphill, TX 75948
  • /49

    $599,975

    $13K PRICE DROP
    • 2 Beds
    • 2 Baths
    • 1,657 Sq Ft

    270 Andrew Jackson Cir, Hemphill, TX 75948

    Lake life at its finest! This furnished lakefront home sits on 1 acre of land, has a 30x40 shop, and private water access with a bulkhead! The covered back porch is definitely the highlight of your mornings and evenings! New outdoor kitchen in 2025 and multi-level property has space for a hot tub, fire pit, or whatever you like! A private path leads you straight down to your own bulkhead where

    ANNA LESLIE Triangle Real Estate, LLC

    270 Andrew Jackson Cir, Hemphill, TX 75948
  • /46

    $637,500

    New Construction $42K PRICE DROP
    • 3 Beds
    • 2.5 Baths
    • 2,600 Sq Ft

    422 Beechwood Loop, Hemphill, TX 75948

    New construction, MOSTLY FURNISHED 2600 sf luxurious lake front home w/grand entrance into 18' ceilings leading to open concept living, dining, kitchen area that includes white limestone fireplace, magnificent 13' island covered w/granite, leather-textured countertops, custom cabinets; a walk-in pantry w/electrical outlets for appliances, water resistant wood floors, 3 bedrooms of which two would

    Jessica Seale Toledo Bend Properties

    422 Beechwood Loop, Hemphill, TX 75948
  • /14

    $250,000

    $25K PRICE DROP
    • 2 Beds
    • 2 Baths
    • 960 Sq Ft

    391 Bonnies Ln, Hemphill, TX 75948

    Charming, cozy cabin having a fantastic serene and private setting, This beautifully crafted 2-bedroom, 2-bathroom cabin with two cozy lofts offers the ultimate escape. Nestled along the water's edge, this home perfectly blends rustic charm with modern comfort. Step inside to find warm wood accents, vaulted ceilings, and an open-concept living area bathed in natural light. The spacious kitchen

    Chera Hargrave Re/Max One

    391 Bonnies Ln, Hemphill, TX 75948
  • /23

    $222,000

    $8K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,200 Sq Ft

    170 Winterwood Dr, Hemphill, TX 75948

    Attractive, log type home sitting on three lots, fenced, with living/kitchen open concept; two bedrooms and a bath on one side, master bed and bath on opposite side (approx. 1200 s.f.). Nice sized laundry room leading to small covered porch on backside. Aerobic septic recently pumped, some furniture remains, front porch extends the complete width of the house, wide steps and handicapped ramp. Has

    Carol Aaron Toledo Bend Properties

    170 Winterwood Dr, Hemphill, TX 75948
  • /36

    $467,000

    $22K PRICE DROP
    • Land
    • 6.45 Acres
    • $72,437 per Acre

    215 Marshall Ln, Hemphill, TX 75948

    Beautiful 6.447-acre waterfront property on Toledo Bend with 85.41 ft of shoreline. Tall pines, manicured grounds, and full perimeter fencing create a private, peaceful setting. A gated entrance and maintained drive lead directly to the lake. This property is already equipped with essential utilities, including community water, a water well (needs pump), and a conventional septic system, making

    Kalli Page Century 21 Cota Realty

    215 Marshall Ln, Hemphill, TX 75948
  • /24

    $75,000

    $4K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 864 Sq Ft

    151 Daffodil Dr, Hemphill, TX 75948

    3B / 2B Double-Wide Mobile Home Near Lowe's Creek – Ideal for Lake Lovers. Located just 6.8 miles from the new SRA Park, this 3-bedroom, 2-bath double-wide mobile home is a hidden gem that needs a little TLC to shine. Some areas of the home have already been remodeled, and extra flooring will be left with the property for your convenience. Whether you're looking for a peaceful retreat, a home to

    Sheilah Martin Martin's Real Estate Team

    151 Daffodil Dr, Hemphill, TX 75948
  • /13

    $199,000

    • Land
    • 19.91 Acres
    • $9,994 per Acre

    205 Keel St, Hemphill, TX 75948

    19.93 acres of unrestricted land located just outside the city limits of Hemphill! So many possibilities with this property. This would make an excellent new home location with the option of hunting and enjoying the wildlife. Also, an ideal property for a residential development. Current timber exemption. Property fronts FM 944 and city utilities are available with power in two different

    Georgina Stewart A Real Estate Connection

    205 Keel St, Hemphill, TX 75948
  • /20

    $155,000

    $15K PRICE DROP
    • 2 Beds
    • 2 Baths
    • 1,380 Sq Ft

    780 Worth St, Hemphill, TX 75948

    2BR/2BA Home in Prime Hemphill Location! Step into comfort and convenience with this beautifully maintained, hardly-lived-in home, centrally located in the heart of Hemphill. Featuring neutral color tones and partial furnishings, this home is perfect for easy customization. The spacious master suite includes a walk-in shower and an oversized garden tub—ideal for relaxation. Enjoy cooking in the

    Georgina Stewart A Real Estate Connection

    780 Worth St, Hemphill, TX 75948
  • /32

    $225,000

    • Land
    • 1.31 Acres
    • $171,756 per Acre

    5255 State Highway 21 W, Hemphill, TX 75948

    Prime Commercial Opportunity Near Toledo Bend Lake! Positioned in a high-traffic location just minutes from Toledo Bend Lake, this versatile commercial building sitting on appr. 1.312 acres offers exceptional potential for a wide range of business uses. The 100' x 60' structure features 2 exterior (12') and 2 interior (18') wide roll-up doors, providing easy access and flexibility for operations.

    Georgina Stewart A Real Estate Connection

    5255 State Highway 21 W, Hemphill, TX 75948
  • /41

    $159,500

    $10K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,792 Sq Ft

    239 S Helm Dr, Hemphill, TX 75948

    Welcome to lake living in the Harborlight Subdivision! This well-maintained 3-bedroom, 2-bath home offers comfort, convenience, and plenty of space for both everyday living and weekend getaways. The property features ample covered parking, including a single metal carport, a detached one-car garage, and an additional three-car carport, making it ideal for vehicles, boats, and guests. Enjoy your

    Tiffany Luce Allman Company

    239 S Helm Dr, Hemphill, TX 75948
  • /7

    $105,000

    • Land
    • 37,984 Sq Ft
    • $120,413 per Acre

    199 Davy Crockett Ct, Hemphill, TX 75948

    Looking for a nice get away on Toledo Bend Waterfront. This is it! This 0.872 ac. lot with lease back is on a deep-water cove with 210 feet of shoreline. Both water and electric meters already on the property along with a nice storage building, and floating dock that is usable but needs repair. Sub. offers paved roads and a launching ramp for boaters. Great place to build home, cabin or modular

    Margie Edgar-Sanford A Real Estate Connection

    199 Davy Crockett Ct, Hemphill, TX 75948
  • /59

    $485,000

    • 6 Beds
    • 4.5 Baths
    • 3,584 Sq Ft

    270 Timberlane Loop, Hemphill, TX 75948

    Big, two story, lakefront home with 6 bedrooms and 4.5 baths. GREAT Air BNB, or recreational home for large family; or great opportunity for several family members/close friends to buy together. Nice covered front & back porches. Furnished. Whole house Generator, propane tank, Several bedrooms have their own bath. Beautiful water. Can pull boat right up on property. Boat ramp for subdivision just

    Carol Aaron Toledo Bend Properties

    270 Timberlane Loop, Hemphill, TX 75948
  • /3

    $60,000

    • Land
    • 5.94 Acres
    • $10,101 per Acre

    TBD Farm To Market 2024, Hemphill, TX 75968

    5.94 Acres- Wooded Land with Road Frontage Near Hemphill, TX! Discover the perfect blend of privacy and convenience with this 5.94 acre wooded property located just 4 miles from Hemphill, Texas. The land features 1,460 ft of frontage along FM 2024, providing easy access and multiple potential entry points. This property offers excellent potential for a homesite or weekend retreat. Call to

    Steven Arreguin Living Texas Realty Group

    TBD Farm To Market 2024, Hemphill, TX 75968
  • /14

    $75,000

    • 3 Beds
    • 2 Baths
    • 1,216 Sq Ft

    320 Toledo Beach Dr, Hemphill, TX 75948

    Great Fishing Camp Find! Located in Toledo Beach Subdivision (South End of Lake) this 3B/2B manufactured home is on a spacious lot with plenty of parking space, partially fenced with a large garden master tub in the masterbath and walk in pantry. The community boat ramp and playground is just a few blocks down on the same street. This is an affordable option for a lake house or a rental property!

    Georgina Stewart A Real Estate Connection

    320 Toledo Beach Dr, Hemphill, TX 75948
  • /7

    $124,000

    $5K PRICE DROP
    • Land
    • 10.57 Acres
    • $11,729 per Acre

    130 Richard Dr, Hemphill, TX 75948

    Great location situated between the two new SRA parks on beautiful Toledo Bend Lake and only about 5 miles from Hemphill! Mobile homes are allowed, and this property offers an excellent building site for your forever home or a weekend camp. Some restrictions do apply. A previous mobile home was located on the property. The current seller cannot guarantee the condition of the existing sewer, but

    Sheilah Martin Martin's Real Estate Team

    130 Richard Dr, Hemphill, TX 75948
  • /20

    $139,500

    $20K PRICE DROP
    • 2 Beds
    • 2 Baths
    • 1,230 Sq Ft

    314 Beechwood Loop, Hemphill, TX 75948

    This Quonset hut style custom home is built to last. PERFECT for a new get away fishing camp, downsizing your primary home or an investment Air B&B.... Located in Beechwood I subdivision and just minutes away from Fairmount General Store, Lumber Yard, Car Wash, Medical clinic & more. This property has a primary bedroom with bath and a guest room with it's own combo bath/laundry room, open concept

    Chera Hargrave Re/Max One

    314 Beechwood Loop, Hemphill, TX 75948
  • /22

    $265,000

    $30K PRICE DROP
    • 3 Beds
    • 2.5 Baths
    • 2,160 Sq Ft

    193 Beacon Dr, Hemphill, TX 75948

    Only blocks from Toledo Bend Lake, this well-maintained brick home offers 3 bedrooms, 2.5 baths and approximately 2,160 square feet of comfortable living space. The home is in excellent condition and loaded with extras including a metal roof and a full-house generator for peace of mind. Outdoor features include a large, covered patio, a 30x40 shop building, three storage buildings and three

    Randy Fuller Pic-A-Home Real Estate

    193 Beacon Dr, Hemphill, TX 75948
  • /25

    $79,000

    • 3 Beds
    • 2 Baths
    • 1,560 Sq Ft

    245 Forest Glen Dr, Hemphill, TX 75948

    Three-bedroom, two-bath mobile home with add-on situated on approximately 3/4 of an acre, offering plenty of space for parking, boat storage, and outdoor living. Property features a double covered carport and a spacious add-on area that could be used as an additional living room, game room, or flex space. The add-on also includes a second kitchen area for added convenience. Home includes gas

    Georgina Stewart A Real Estate Connection

    245 Forest Glen Dr, Hemphill, TX 75948
  • /9

    $68,500

    • Land
    • 40,075 Sq Ft
    • $74,457 per Acre

    407 Old Tejas Trail W, Hemphill, TX 75948

    Build your dream home on this beautiful 0.920-acre waterfront lot located in the desirable Cypress Point Subdivision on the north bank of Palo Gaucho, Toledo Bend Lake. This cleared and flat parcel offers an excellent ready to build homesite with easy access to the water and plenty of space to design your ideal lake retreat. Cypress Point is a well-maintained subdivision with sensible

    Georgina Stewart A Real Estate Connection

    407 Old Tejas Trail W, Hemphill, TX 75948
  • /5

    $750,000

    $100K PRICE DROP
    • Land
    • 19.5 Acres
    • $38,462 per Acre

    2119 Fairdale Rd, Hemphill, TX 75948

    Beautiful, cleared flat property w/approx. 19.5 acres (of which 3 acres are restricted) per Seller.Has been leased to keep horses.Has barn, pond, totally fenced, small shed at back, unrestricted Perfect place for a seniors complex, or restaurant, or house w/your horses on same property, lake/vacation rental cabins or whatever you can imagine. Property adjoins large lumber yard/hardware store;

    Carol Aaron Toledo Bend Properties

    2119 Fairdale Rd, Hemphill, TX 75948
  • /17

    $107,000

    $12K PRICE DROP
    • 1 Bed
    • 1 Bath
    • 576 Sq Ft

    910 Pleasure Bend Dr, Hemphill, TX 75948

    2026 Champion Homes singlewide one-bedroom, one-bath located just minutes from Toledo Bend Lake. Everything is brand new, offering low-maintenance living and modern comfort in a compact, efficient design. 36' x 16' with open living area with ceiling fans, a full kitchen complete with dishwasher, range, and refrigerator, and a glass storm door leading to a covered front porch—perfect for relaxing

    Georgina Stewart A Real Estate Connection

    910 Pleasure Bend Dr, Hemphill, TX 75948
  • /13

    $49,900

    • Land
    • 20,473 Sq Ft
    • $106,170 per Acre

    Lot 41 El Camino Dr, Hemphill, TX 75948

    A rare opportunity in El Camino Subdivision on Toledo Bend — this just-under-a-half-acre lot offers an ideal setting with SRA leaseback adjoining the property. With endless possibilities for your lake retreat or future build, this property combines convenience, shoreline access potential, and the laid-back lifestyle Toledo Bend is known for. Toledo Bend is one of the most sought-after lake

    Caleb Graf Allman Company

    Lot 41 El Camino Dr, Hemphill, TX 75948
  • /15

    $139,900

    • 3 Beds
    • 1 Bath
    • 1,794 Sq Ft

    3555 State Highway 87 S, Hemphill, TX 75948

    This ranch style home offers the perfect blend of comfort and country living located on 1.5 acres. Featuring a classic wood and brick exterior, this property sits just outside the city limits of Hemphill, giving you space to enjoy peaceful surroundings while staying close to town. Step inside to find updated flooring throughout, including laminate and carpet. The home offers 3 bedrooms and 1 bath

    Randy Fuller Pic-A-Home Real Estate

    3555 State Highway 87 S, Hemphill, TX 75948
  • /81

    $569,000

    • 4 Beds
    • 3 Baths
    • 1,596 Sq Ft

    700 Oak Ridge Ln, Hemphill, TX 75948

    Beautiful WF home w/2 bedrooms and 2 baths, open kitchen/living room/dining, surrounded by windows. Has awesome fireplace, custom cabinets, tile, wood and carpeted floors. Bright/cheerful/spacious. Has additional apartment w/2 bedrooms, kitchen and bath attached by covered walkway to home. Wraparound covered porch. Double garage also has "Sally Port" 3rd garage that opens on both sides for boat

    Carol Aaron Toledo Bend Properties

    700 Oak Ridge Ln, Hemphill, TX 75948
  • /11

    $36,000

    • Land
    • 12,196 Sq Ft
    • $128,571 per Acre

    1376 Lakeshore Dr, Hemphill, TX 75948

    Come take a look at this very affordable waterfront lot in Pendleton Harbor. This subdivision has 2 boat ramps, a private 9 hole "par 3" golf course and just around the corner is the new SRA "Pendleton Park" that boasts a four lane boat ramp, a pavilion, restroom facilities, a playground and picnic area, boardwalk and a swim beach area. Water and electric is available at the lot. Come build your

    Thomas Ince Purple Pig Realty LLC

    1376 Lakeshore Dr, Hemphill, TX 75948
  • /6

    $89,500

    • Land
    • 10 Acres
    • $8,950 per Acre

    3122 Texas 184, Hemphill, TX 75948

    Looking for the perfect place to build your dream home? This beautiful 10-acre tract just outside the city limits of Hemphill offers privacy and space with heavy woods throughout. Featuring approximately 600 feet of highway frontage, this property is easily accessible while still giving you that peaceful country feel. Electricity and water are available-ready to make it your own!

    Randy Fuller Pic-A-Home Real Estate

    3122 Texas 184, Hemphill, TX 75948
  • /45

    $425,000

    • 4 Beds
    • 2 Baths
    • 3,628 Sq Ft

    110 Market St, Hemphill, TX 75948

    Historic Hemphill Charmer with Shop & Greenhouse! Located in the heart of Hemphill, this beautiful two-story vintage home offers approximately 3,600 sq. ft. of living space with 4 bedrooms and 2 baths. The home is beautifully decorated and features a spacious walk-in pantry along with the charm and character you would expect from a historic property. This residence proudly carries an official

    Sheilah Martin Martin's Real Estate Team

    110 Market St, Hemphill, TX 75948
  • /52

    $325,000

    • 4 Beds
    • 2 Baths
    • 1,680 Sq Ft

    133 Jailbird Ln, Hemphill, TX 75948

    2020 Palm Harbor "Horizon" model mfg. home w/approx. 1680 s.f. Home is gorgeous inside w/4 bedrooms & 2 baths, kitchen is open concept w/large island, all appliances & cabinets first rate; Bright, cheerful area w/beams overhead, barn-type sliding door separates utility room that opens to great, covered back porch overlooking farm yard & manicured backyard. Fenced. Woodburning stove to help with

    Carol Aaron Toledo Bend Properties

    133 Jailbird Ln, Hemphill, TX 75948
  • /9

    $85,000

    $15K PRICE DROP
    • Land
    • 7.58 Acres
    • $11,211 per Acre

    3632 N Bayou Rd, Hemphill, TX 75948

    Discover 7.582 acres of unrestricted land ideally located near the new SRA Sabinetown Park on beautiful Toledo Bend Lake. With frontage along North Bayou Road, this property offers excellent access and endless potential. Whether you're looking to build your dream home, set up a weekend getaway, or invest in recreational land, this tract provides the perfect blank canvas. Its unrestricted status

    Tiffany Luce Allman Company

    3632 N Bayou Rd, Hemphill, TX 75948
  • /5

    $10,000

    • Land
    • 24,393 Sq Ft
    • $17,857 per Acre

    6032866 River Oaks Dr, Hemphill, TX 75948

    Two Beautiful lots (Lot 76 & 77) located in Springhill Mobile Homes and travel trailers are allowed. County maintained roads with a boat launch nearby. Great spot for a camp close to the lake, the National Forest and amenities. Subdivision with water and electric available; septic will be needed.

    Donna Head Rayburn Realty

    6032866 River Oaks Dr, Hemphill, TX 75948

Showing Results 121 - 160, Page 4 of 5

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