GENERAL TERMS
MS. ANNE JAMES MOORE
REAL ESTATE AUCTION
UNION CITY, TENNESSEE

1. ALEXANDER AUCTIONS & REAL ESTATE SALES HAS BEEN COMMISSIONED BY ELIZABETH A HARRIS, POWER-OF-ATTORNEY FOR MS. ANNE JAMES MOORE TO SELL THIS REAL ESTATE AT ABSOLUTE AUCTION.

2. THE REAL ESTATE CONSISTS OF A HOUSE & LOT LOCATED AT 1003 EAST MAIN STREET, UNION CITY TN 38261-4118.

3. THE REAL ESTATE IS LOCATED IN THE 13TH CIVIL DISTRICT OF OBION COUNTY, TN AS DESCRIBED AS FOLLOWS:

BEGINNING AT THE SOUTHEAST CORNER OF INTERSECTION OF MAIN STREET AND CEMETERY STREET (NOW ADAMS STREET) IN SAID TOWN, RUNNING THENCE SOUTH 96 ½ FEET WITH THE EAST LINE OF ADAMS STREET TO A STAKE THE NORTHWEST CORNER OF E.B. TANNERÂ’S LOT; THENCE EAST WITH TANNERÂ’S NORTH LINE 132 FEET TO A STAKE; THENCE NORTH WITH THE WEST LINE OF A SMALL PLOT OF GROUND, TO BE IN THE FUTURE CONVEYED TO MRS. T. E. PARKS, 96 ½ FEET TO AN OAK STAKE, WHICH IS DRIVEN IN THE SOUTH MARGIN OF MAIN STREET; THENCE WEST 132 FEET WITH THE SOUTH MARGIN OF MAIN STREET TO THE PLACE OF BEGINNING.

4. BEING TAX MAP 48P GROUP A PARCEL 1.00 IN THE OBION COUNTY TAX ASSESSORÂ’S OFFICE.
DEED REFERENCE: NOTE BOOK NO. 22 PAGE 101 ROOCT DEED FILED MAY 17, 1954 AND NOTED.

5. PROPERTY HAS NOT RECENTLY BEEN SURVEYED AND WILL BE SOLD ACCORDING TO THE LEGAL DESCRIPTION IN THE OWNERS DEED. THE LEGAL DESCRIPTION IS STATED ABOVE AS ITEM #3 IN THESE TERMS.

6. 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.

7. 2014 TAXES TO BE PRO-RATED.
2013 COUNTY TAX: $ 250.00
2013 CITY TAX: $ 325.00
GRAND TOTAL: $ 575.00

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

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

10. SERVVALL EXTERMINATING CO. INSPECTED THE RESIDENCE ON JUNE 18, 2014. THE REPORT INDICATES VISIBLE EVIDENCE OF INACTIVE SIGNS. NO TREATMENT IS RECOMMENDED. A COPY OF THE TERMITE LETTER IS ATTACHED TO THESE TERMS.

11. 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 JUNE 16, 2014 WITH THE FIRST ADVERTISEMENT FOR THE SALE OF THIS PROPERTY AT AUCTION AND ENDED MAY 15, 2010.

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

13. PURCHASERS AND PURCHASERÂ’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.

14. THIS HOUSE WAS CONTAIMATED WITH METAMPHETAMINE.

15. LYELL ENVIRONMENTAL SERVICES, INC. (LES) HAS CONDUCTED A FINAL METHAMPHETAMINE SAMPLING (ASSESSMENT) OF THE RESIDENTIAL STRUCTURE LOCATED AT 1003 EAST MAIN STREET UNION CITY, TENNESSEE. LES PROVIDED A STATE OF TENNESSEE APPROVED METHAMPHETAMINE HYGIENIST FOR THE FINAL TESTING AND STATE OF TENNESSEE APPROVED METHAMPHETAMINE SUPERVISOR/CONTRACTOR FOR THE WORK, DATE OF RELEASE DECEMBER 13, 2014.

16. THE SAMPLING INCLUDED WIPE SAMPLING FOR METHAMPHETAMINES, CORROSIVE STRIPE TESTING OF VARIOUS SURFACES THROUGHOUT THE INTERIOR ROOM. THE SITE VISIT ALSO INCLUDED A VISUAL INSPECTION OF THE INTERIOR ASSESSABLE / EXPOSED AREAS OF THE ROOMS. (REFER TO APPENDIA A LABORTATORY TEST RESULTS, APPENDIX B FOR CERTIFICATIONS)

17. THE PRESAMPLING OCCURRED ON SEPTEMBER 09, 2013 WITH FINAL (ASSESSMENT) OCCURRED ON NOVEMBER 15, 2013. BASED UPON THE PRESAMPLING EVENT ON SEPTEMBER 09, 2013 AMOUNTS OF METH RESIDUE ABOVE 0.1 UG/CM2 (STATE CLEANUP LEVEL) WERE IDENTIFIED IN THE KITCHEN, FRONT LIVING ROOM, ALL BEDROOMS UPSTAIRS, DOWNSTAIRS BATHROOM, DUCTWORK AND BASEMENT. THE BACK PORCH AND UPSTAIRS BATHROOM HAS AMOUNTS BELOW THE ALLOWABLE STATE CLEAN UP LEVLES. LES COLLECTED A SOIL SAMPLE FROM RANDOM LOCATIONS FROM BASEMENT EXPOSED GROUND DIRT SURFACE, THE SAMPLE RESULTS INDICATED BELOW 10PPM OR BELOW 0.001% BY WEIGHT EHICH IS BELOW THE LABORATORY DETECTION LIMIT

THE NOTICE OF ORDER OF METHAMPHETAMINE LAB QUARANTINE WAS RECORDED IN BOOK 120 PAGE 759 IN OBION COUNTY REGISTER OF DEEDÂ’S OFFICE

NOTICE IS HEREBY GIVEN THAT THE REAL PROPERTY, QUARANTINED BY THE 27TH DTF Â– MICHAEL SIMMONS- 1 LAW LANE UNION CITY, TN. PURSUANT TO TENNESSEE CODE ANNOTATED (T.C.A.) § 68-212-502. AT THE LOCATION DESCRIBED BELOW HAS BEEN TESTED BY LYELL ENVIROMENTAL / JEREMY LYELL, A CERTIFIED INDUSTRIAL HYGIENIST OR OTHER SUCH PERSON AS AUTHORIZED PURSUANT TO T.C.A. § 68-
-502.

THE PROPERTY WAS REMEDIATED BY LES, AN AUTHORIZED CLEANUP CONTRACTOR ALSO PURSUANT TO T.C.A. § 68-212-502. THE CLEANUP IMPLEMENTED AT THIS PROPERTY IS IN COMPLIANCE WITH THE GUIDANCE SET FORTH BY THE TENNESSEE DEPARTMENT OF ENVIRONMRNT AND CONSERVATION (TDEC) FOR A TIER 2 CLEANUP OF A PROPERTY USED TO MANUFACTURE METHAMPHETAMINE.

I, THE UNDERSIGNED HEREBY CERTIFY THAT THE REAL PROPERTY AT THE LOCATION BELOW IS SAFE FOR HUMAN USE PURSUANT TO TENNESSEE CODE ANNOTATED, § 68-212-505 AND IS IN ACCORDANCE WITH THE TDEC STANDARDS FOR TESTING AND CLEANING CLANDESTINE DRUG MANUFACTURING SITES AND CLEANUP RESPONSE DOCUMENTATION GUIDELINES FOR PROPERTIES QUARANTINED DUETO CLANDESTINE DRUG LABORATORY ACTIVITIES, AS CURRENTLY ARE IN EFFECT.

PROPERTY ADDRESS: 1003 EAST MAIN STREET, UNION CITY, OBION COUNTY TENNESSEE 38261

18. 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.

19. THE PURCHASER DOES HEREBY ACKNOWLEDGE THAT THE SUBJECT PROPERTY IS IN NEED OF REPAIR, INCLUDING BUT NOT LIMITED TO THE FOLLOWING.

20 THE RESIDENCE HAS NO HEATING AND COOLING SYSTEM.

21. THE RESIDENCE NEEDS LIGHT FIXTURES AND MAY NEED ADDITIONAL ELECTRICAL WIRING.

22. THE RESIDENCE FLOOR COVERINGS, SOME WALL AND CEILING REPAIRS.

23. 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 Â“AS ISÂ” WITH NO WARRANTY WHATSOEVER AS TO THE CONDITION OF THE SAME. SELLER WILL MAKE NO IMPROVEMENTS.

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

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

26. 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 PURCHASERÂ’S SOLE RESPONSIBILITY TO HAVE COMPLETED THEIR OWN DUE DILIGENCE SURVEY, RESEARCH, INSPECTION, CHECKING AND BID ACCORDING TO THEIR DUE DILIGENT SURVEY AND RESEARCH.

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

28. PROPERTY SELLS SUBJECT TO EXISTING EASEMENTS.

29. PROPERTY IS ZONED: OTR1 - OLD TOWN RESIDENCE SINGLE FAMILY ONLY.

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

31. 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!

32. PROPERTY AND IMPROVEMENTS ARE BEING SOLD IN THEIR PRESENT CONDITION Â“AS ISÂ”. 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.

33. 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.

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

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

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

37. 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.

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

39. 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.

40. 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.

VISIT OUR WEBSITE @
WWW.ALEXANDERAUCTIONS.COM
FOR UPCOMING AUCTIONS.

ALEXANDER AUCTIONS & REAL ESTATE SALES
MARVIN E. ALEXANDER, CAI- LIC 9, FL 107
239 University Street P O Box 129 MARTIN, TN 38237

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