10% BUYER'S PREMIUM IS ADDED TO EACH ITEM TO REACH THE TOTAL SALES PRICE.

NO SHIPPING. PURCHASER MUST BE ABLE TO PICK UP ITEMS AT THE AUCTION ON DAYS OF AUCTION.

GENERAL TERMS

ANN KENDALL REAL ESTATE AUCTION

SATURDAY, NOVEMBER 8^TH

WHITEHALL CIRCLE, PARIS, TN 38242

1. ALEXANDER AUCTIONS & REAL ESTATE SALES HAS BEEN COMMISSIONED BY BAKER KENDALL & KAROL KENDALL FORT, OWNERS, TO SELL THIS REAL ESTATE AT ABSOLUTE AUCTION.

2. THE REAL ESTATE CONSISTS OF BRICK RESIDENCE, AND LOT LOCATED AT 412 WHITEHALL CIRCLE, PARIS, TN

3. THE REAL ESTATE IS LOCATED IN THE 1ST CIVIL DISTRICT OF HENRY COUNTY, TN. PROPERTY SOLD ACCORDING TO DESCRIPTION IN DEED.

TRACT NO. 1:

FIRST CIVIL DISTRICT, TAX MAP 106H, GROUP H, PARCEL 31. TRACT NO. 1 BEING THE SAME REAL ESTATE CONVEYED TO ANN C. KENDALL BY DEED OF C. M. JONES, DATED JUNE 29, 1951, RECORDED IN DEED BOOK 57, PAGE 155 IN THE REGISTER’S OFFICE OF HENRY COUNTY, TENNESSEE

4. DEED REFERENCES: BEING TRACT 1 IN QUICK CLAIM DEED IN DEED BOOK 355, PAGE 583 IN THE REGISTER’S OFFICE OF HENRY COUNTY, TENNESSEE

KENDALL’S RETAINED A 7 FT. STRIP OF LAND ALONG THE EASTERN SIDE OF LOT 14, DEED BOOK 73, PAGE 209

LOT 14 DEED REFERENCE: DEED BOOK 57, PAGES 155 & 156 IN THE REGISTER’S OFFICE OF HENRY COUNTY, TN

TAX MAP REFERENCE: MAP 106H, GROUP H, PARCEL 31, ASSESSORS OFFICE IN HENRY COUNTY, TENNESSEE

5. 2014 TAXES TO BE PRORATED.

2014 COUNTY TAX - $ 900.00

2014 CITY TAX - $ 240.00

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

7. 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.

8. 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.

9. OWNERS ARE RETAINING THE LIGHT FIXTURES LOCATED IN THE FOLLOWING ROOMS:

CRANBERRY FIXTURE IN DINING ROOM

BLACK WROUGHT IRON FIXTURE IN KITCHEN

LIGHT FIXTURE IN UTILITY ROOM

LIGHT FIXTURE IN NORTHEAST BEDROOM

LIGHT FIXTURE IN FAMILY ROOM

PURCHASER WILL BE ALLOWED A $75.00 CREDIT AT CLOSING FOR EACH OF THE LIGHT FIXTURES.

10. THE ANTIQUE HANGING LIGHT FIXTURES LISTED BELOW ARE BEING OFFERED SEPARATE FROM THE REAL ESTATE:

1F - CRANBERRY FIXTURE IN ENTRANCE FOYER

2F - VICTORIAN FIXTURE IN SOUTHEAST BEDROOM

3F – LIGHT FIXTURE IN NORTHWEST BEDROOM

PURCHASER WILL BE ALLOWED A CREDIT AT CLOSING OF $75.00 FOR EACH HANGING LIGHT THEY PURCHASE OR DO NOT PURCHASE.

11. WOOD WINDOW CORNICES IN FAMILY ROOM ARE BEING RETAINED BY SELLER AND WILL NOT BE FOR SALE.

12. SERVALL TERMITE COMPANY OF PARIS, TN HAS AN ACTIVE TERMITE CONTRACT OF THE RESIDENCE. TERMITE CLEARANCE LETTER IS INCLUDED.

13. RESIDENCE DISCLOSURE OF INFORMATION ON LEAD-BASED PAINT AND LEAD-BASED PAINT HAZARDS: LEAD WARNING STATEMENT: EVERY PROSPECTIVE PURCHASER IS INFORMED THIS HOUSE WAS 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 OCTOBER 27^TH, 2014 WITH THE FIRST ADVERTISEMENT FOR THE SALE OF THIS PROPERTY AT AUCTION AND ENDED NOVEMBER 8^TH, 2014.

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

15. 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.

16. 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.

17. 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.

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

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

20. 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.

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

22. PROPERTY SELLS SUBJECT TO EXISTING EASEMENTS.

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

24. 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!

25. 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.

26. 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.

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

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

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

30. 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.

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

32. 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.

33. 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, CAI- LIC 9, FL 107

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

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

Marvin Cell: (731) 225-7368

KENDALL ESTATE - 3 DAY AUCTION