2004 Honeysuckle Loop Unit 140 Driggs, ID 83422

2,512 sqft, 3 level (660 sqft each on BG & 1st level) end unit w/mtn views towards Big Holes. Unit finishes vary, none furnished, this one w/granite in kitchen, full appliance pkg minus washer/dryer, electric heat & hot water, A/C to upper level & living room, nicely landscaped & maintained, exterior patio, upper level deck, fully finished basement w/full bath currently family/game room, easily convertible to bedroom or bunk room, attached two car garage. Exterior pigmented cement-stucco w/4 ft brick wainscot for little to no maintenance. HOA org/mgmt by list office in process see doc tab detail. Five 4 plex buildings, each w/2 interior & 2 end units totaling 20 units - all surrounded by residential uses. Located N of Driggs, with easy yr-round access. Huntsman Springs is adjacent to West Due to the fact that the subject property is owned by the IHFA, has been subject to discounted taxation and insurance rates since 2009, the following disclosures shall be a part of the Escrow Instructions agreed to by seller and buyer at time of closing of sale.

Teton County Assessor indicates she will work toward private sector assessment levels as each unit is sold to the private sector.

IHFA may maintain comprehensive or partial insurance coverage, landscaping, snow removal and irrigation costs on all five 4-plex buildings until all units are sold. Purchasers shall be subject to HOA assessments for prorate share of said costs, after closing of unit sales.

HOMEOWNERS ASSOCIATION NOT CREATED

The undersigned parties acknowledge that Escrowholder has not contacted the Homeowners Association related to this property, and it may, in fact, not currently be active. If the Homeowners Association places a lien against the subject property, the Seller(s)/Borrower agree to pay for same in a prompt manner, protecting the interest of the new lender and/or Buyer(s).

NO REAL PROPERTY TAXES:

Buyer(s) acknowledge that the property has not been assessed as real property in the past, and Buyer(s) agree to assume all responsibility for payment of real property taxes for the current and future years, outside of escrow.

PROPERTY TAX DISCLAIMER

Buyer and Seller acknowledge taxes are currently being assessed at a discounted tax rate. Future taxes will be assessed at the current market rate. Alliance Title & Escrow Corp. will be held harmless for collection and payment of same.

HOMEOWNERS INSURANCE DISCLAIMER

Buyer and Seller Homeowners Insurance HOA policy is based on a multiple unit discounted rate and will be adjusted in the future as Valley Centre units are sold. Those changes will be reflected in the future HOA dues, which have not yet been established. Alliance Title & Escrow Corp. will be held harmless for collection and payment of same.