10% BUYER'S PREMIUM ADDED TO FINAL BID TO REACH TOTAL SALES PRICE.

REAL ESTATE TERMS: 20% DOWN DAY OF AUCTION. BALANCE DUE IN 30 DAYS UPON DELIVERY OF DEED. PAYABLE IN CASH, CASHIER CHECK OR PERSONAL CHECK WITH CURRENT BANK LETTER OF GUARANTY.

GENERAL TERMS

ED NEIL WHITE AUCTION

SATURDAY, DECEMBER 13, 2014

105 SYCAMORE LANE, MARTIN, TN 38237

1. ALEXANDER AUCTIONS & REAL ESTATE SALES HAS BEEN COMMISSIONED BY JULIA W. BRUNDIGE AND CAROL HATLER TO SELL THIS REAL ESTATE AT ABSOLUTE AUCTION.

2. THE REAL ESTATE CONSISTS OF A HOUSE & LOT LOCATED 105 SYCAMORE LANE, MARTIN, TN 38237.

3. THE REAL ESTATE IS LOCATED IN THE 2^nd CIVIL DISTRICT OF WEAKLEY COUNTY, TN AS DESCRIBED AS FOLLOWS: BEING LOT NO. 3 IN THE EAST SECTION OF THE OAK HEIGHTS SUBDIVISION, MARTIN, TN 38237. A PLAT OF SAID SUBDIVISION IS REGISTERED IN PLAT BOOK NO. 2, PAGE 2 IN THE REGISTER’S OFFICE OF WEAKLEY COUNTY, TN.

LEGAL DESCRIPTION IS INCLUDED AND THE SELLER’S DEED IS ATTACHED TO THESE TERMS.

4. DEED REFERENCE: DEED BOOK 442, PAGE 1,343 AND 1,344 IN THE REGISTER’S OFFICE OF WEAKLEY COUNTY, TN.

5. TAX REFERENCE: MAP 79A, GROUP E, PARCEL 6.00 IN THE ASSESSOR’S OFFICE OF WEAKLEY COUNTY, TN.

6. SELLERS AGREE TO PAY ALL THE 2014 WEAKLEY COUNTY AND CITY OF MARTIN TAXES.

7. PURCHASER TO PAY ALL OF THE 2015 WEAKLEY COUNTY AND CITY OF MARTIN TAXES.

8. 2014 COUNTY PROPERTY TAXES WERE $ 426.00.

2014 CITY PROPERTY TAXES WERE $ 316.00.

9. PROPERTY HAS NOT RECENTLY BEEN SURVEYED AND WILL BE SOLD ACCORDING TO THE LEGAL DESCRIPTION IN THE OWNER’S DEED.

10. HTP INC. TERMITE & PEST CONTROL COMPANY – 122 SECOND AVE. N. – HUNTINGDON, TN 38344 INSPECTED THE RESIDENCE ON DECEMBER 5, 2014. THE REPORT INDICATES NO VISIBLE EVIDENCE OF WOOD DESTROYING INSECTS WAS OBSERVED. A COPY OF THE TERMITE LETTER IS ATTACHED TO THESE TERMS.

11. TERMS ON REAL ESTATE: 20% DOWN DAY OF AUCTION. BALANCE DUE WITHIN 30 DAYS UPON DELIVERY OF DEED. PAYABLE IN CASH, CASHIERS CHECK, OR PERSONAL CHECK WITH CURRENT BANK LETTER OF GUARANTEE MADE TO ALEXANDER AUCTIONS & REAL ESTATE SALES REQUIRED BY ALL PERSONS NOT PERSONALLY KNOWN BY AUCTION COMPANY.

12. A 10% BUYER’S PREMIUM WILL BE ADDED TO THE FINAL BID ON THE REAL ESTATE TO REACH THE TOTAL SALES PRICE AND CONTRACT PRICE.

13. POSSESSION OF PROPERTY WILL BE GIVEN WITH DEED AT CLOSING.

14. RESIDENCE DISCLOSURE OF INFORMATION ON LEAD-BASED PAINT AND LEAD-BASED PAINT HAZARDS: LEAD WARNING STATEMENT: EVERY PROSPECTIVE PURCHASER IS INFORMED THESE HOUSES WERE BUILT PRIOR TO 1978 AND NOTIFICATION IS GIVEN THAT THE PROPERTY MAY PRESENT EXPOSURE TO LEAD-BASED PAINT. PROSPECTIVE PURCHASERS ARE GRANTED, BY LAW, 10 DAYS THE RIGHT TO HAVE THIS HOME INSPECTED FOR LEAD-BASED PAINT. THE PERIOD OF TIME ALLOWED FOR RISK ASSESSMENT OR INSPECTION FOR POSSIBLE LEAD- BASED PAINT HAZARDS BEGAN ON JUNE 2, 2010 WITH THE FIRST ADVERTISEMENT FOR THE SALE OF THIS PROPERTY AT AUCTION AND ENDED JUNE 12, 2010.

15. ALEXANDER AUCTIONS & REAL ESTATE SALES AND ALL AGENTS WORKING AT THIS AUCTION ARE ACTING AS AN AGENT FOR THE SELLER.

16. PURCHASERS AND PURCHASER’S REPRESENTATIVES HAVE HAD THE OPPORTUNITY TO INSPECT THIS PROPERTY AND WILL MAKE ALL BIDS AND PURCHASE SAID PROPERTY AS A RESULT OF THEIR INSPECTION.

17. SELLER AND ALEXANDER AUCTIONS & REAL ESTATE SALES HAS NOT MADE, DOES NOT MAKE, AND EXPRESSLY DISCLAIMS, ANY WARRANTIES, REPRESENTATIONS, COVENANTS OR GUARANTEES, EXPRESSED OR IMPLIED, OR ARISING OUT BY OPERATION OF LAW, AS TO THE MERCHANTABILITY, HABITABILITY, QUANTITY, QUALITY OR ENVIRONMENTAL CONDITION OF THE PROPERTY OR ITS SUITABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OR PARTICULAR USE.

18. THE PURCHASER DOES HEREBY ACKNOWLEDGE THAT THE SUBJECT PROPERTY IS PURCHASED AT PUBLIC AUCTION AND THAT A PREREQUISITE TO BIDDING IS THAT THE REAL ESTATE IS PURCHASED ABSOLUTELY “AS IS” WITH NO WARRANTY WHATSOEVER AS TO THE CONDITION OF THE SAME.

19. NO ONE SHOULD MAKE A BID THAT HE/SHE DOES NOT WANT TO HONOR OR IS NOT FINANCIALLY ABLE TO HONOR.

20. NO PURCHASE IS CONTINGENT ON FINANCING, APPRAISALS, PROPERTY OR HOME INSPECTIONS OR ANY OTHER CONTINGENCIES.

21. ANY INFORMATION SUPPLIED IN THE TERMS AND CONDITIONS CONCERNING THE PROPERTY INFORMATION AND TAX AMOUNTS ARE SUPPLIED TO ACCOMMODATE THE PURCHASER(S). IT IS THE PURCHASER’S SOLE RESPONSIBILITY TO HAVE COMPLETED THEIR OWN DUE DILIGENCE SURVEY, RESEARCH, INSPECTION, CHECKING AND BID ACCORDING TO THEIR DUE DILIGENT SURVEY AND RESEARCH.

22. FAILURE TO PAY THE BALANCE DUE WILL REQUIRE YOU TO FORFEIT YOUR EARNEST MONEY AND BECOME SUBJECT TO ALL TERMS IN THE CONTRACT.

23. PROPERTY IS ZONED R-1, LOW DENSITY RESIDENTIAL.

24. PROPERTY SELLS SUBJECT TO EXISTING EASEMENTS.

25. PROPERTY SELLS SUBJECT TO ANY CITY, COUNTY, STATE OR SUBDIVISION ZONING REGULATIONS OR RESTRICTIONS THAT EXIST.

26. PURCHASERS SHOULD CONTACT THEIR ATTORNEY TO COMPLETE THEIR TITLE OPINION IMMEDIATELY FOLLOWING THE AUCTION. CONTRACT DOES NOT PROVIDE FOR AN EXTENSION DUE TO AN ATTORNEY FAILING TO COMPLETE TITLE WORK OR YOUR LOAN CLOSING NOT BEING SET UP IN TIME TO MEET THE THIRTY (30) DAY CLOSING PERIOD. CONTACT YOUR ATTORNEY IMMEDIATELY!

27. PROPERTY AND IMPROVEMENTS ARE BEING SOLD IN THEIR PRESENT CONDITION “AS IS”. NO IMPROVEMENTS WILL BE MADE. THERE ARE NO WARRANTIES OR GUARANTEES EXPRESSED OR IMPLIED AS TO CONDITION OR FITNESS FOR USE. THE WARRANTIES OF HABITABILITY AND FITNESS FOR A PARTICULAR PURPOSE AND PARTICULAR USE ARE EXPRESSLY EXCLUDED.

28. ALL TIE BIDS WILL BE SETTLED FROM THE AUCTION STAND BY THE AUCTIONEER AND HIS DECISION WILL BE FINAL. THE AUCTIONEER WILL HAVE THE RIGHT TO RE-OPEN THE BID BETWEEN ALL BIDDERS.

29. ANY INDIVIDUAL ATTENDING THE AUCTION OR WORKING AT THE AUCTION HAS THE RIGHT TO BID AND PURCHASE THE PROPERTY.

30. AUCTIONEER AND SALES MANAGEMENT RESERVE THE RIGHT TO BID OR EXECUTE ANY ABSENTEE OR OTHER BIDS THAT ARE TURNED IN TO THEM.

31. ALEXANDER AUCTIONS & REAL ESTATE SALES WILL NOT BE RESPONSIBLE FOR ANY MISSED BIDS OR UNEXECUTED BIDS FROM ANY SOURCE.

32. ALL INFORMATION USED IN THE ADVERTISING AND PROMOTION OF THIS AUCTION HAS BEEN OBTAINED FROM PUBLIC RECORDS AND OTHER SOURCES DEEMED TO BE RELIABLE AND ARE BELIEVED TO BE TRUE AND CORRECT. NO WARRANTIES ARE MADE TO THIS EFFECT.

33. ALL BIDDERS AGREE AND ACCEPT TO BID ACCORDING TO THESE TERMS.

34. PROPERTY IS BEING SOLD SUBJECT TO THESE TERMS AND ANY OTHER TERMS ANNOUNCED AT THE AUCTION. THESE TERMS WILL BE INCORPORATED INTO THE SALES CONTRACT FOR FUTURE REFERENCE.

35. ALL ANNOUNCEMENTS MADE FROM THE AUCTION STAND WILL TAKE PRECEDENCE OVER ANY PREVIOUS ANNOUNCEMENTS OR STATEMENTS.

WE APPRECIATE YOU ATTENDING THIS AUCTION AND WE WILL BE GLAD TO ANSWER ANY QUESTIONS YOU MAY HAVE.

Alexander

AUCTIONS & REAL ESTATE SALES

MARVIN E. ALEXANDER, Auctioneer & Broker, CAI- LIC 9, FL 107

239 University Street ~ P O Box 129 MARTIN, TN 38237

(731) 587-4244 ~ See Our Website: www.alexanderauctions.com

RESIDENCE, PERSONAL PROPERTY, GUN & VEHICLE