NO TRACT WILL BE SOLD UNTIL THE AUCTIONEER DECLARES THE BIDDING IS OVER AND DECLARES THE PROPERTY SOLD AT THE FALL OF THE HAMMER TO THE HIGHEST TOTAL BIDS FOR ALL TRACTS.

BIDDERS BE SURE YOU HAVE READ THE TERMS AND BROCHURE WHICH STATES THAT THIS IS A LIVE AUCTION BEING HELD ON THURSDAY, JUNE 5TH, 2014 AT 6 P.M.

GENERAL TERMS
ADAMS-ROBINSON PROPERTY AUCTION
DIXIE ROBINSON, WANDA ADAMS, & LINDA ADAMS, Owners
THURSDAY ~ JUNE 5TH, 2014 ~ 6:00 P.M.
1120 EAST WOOD STREET, PARIS HWY. 79 NORTH, PARIS, TN 38242

1. ALEXANDER AUCTIONS & REAL ESTATE SALES HAS BEEN COMMISSIONED DIXIE ROBINSON, WANDA ADAMS, AND LINDA ADAMS TO SELL THIS REAL ESTATE AT ABSOLUTE AUCTION.

2. THE REAL ESTATE CONSISTS OF A HOUSE & 6.11 ACRES LOCATED AT 1120 EAST WOOD STREET, PARIS, TN 38242.

3. PROPERTY HAS BEEN SURVEYED AND WILL BE SOLD ACCORDING TO THE LEGAL DESCRIPTIONS PREPARED BY L. I. SMITH & ASSOCIATES, INC., 302 NORTH CALDWELL STREET, PARIS, TN 38242, R.L.S. NO. 2265.
THESE TRACTS 1 AND 2 WERE SURVEYED AND STAKED AND DIVIDED OUT OF THE 6.11 ACRES DESCRIBED ON A PLAT BY L. I. SMITH & ASSOCIATES DTED 8/12/2012.

4. PROPERTY HAS BEEN DIVIDED INTO 4 TRACTS AND PRESENTED TO AND APPROVED BY THE PARIS PLANNING COMMISSION.

5. TRACT 1: RESIDENCE AND .75 ACRES LOT Â– 113.17 FT. FRONTAGE ON EAST WOOD STREET AND 300 FT. DEEP. DEED BOOK 184, PAGE 354, ROHCT.

6. TRACT 2: 1.29 ACRES VACANT LOT IMPROVED FOR A MOBILE HOME PARK. DEED BOOK 48, PAGE 77 ROHCT. THE PARK WAS ORIGINALLY DESIGNED FOR TEN SPACES. NOT ALL OF THE SPACES HAVE BEEN USED IN THE PAST FEW YEARS. SOME UTILITY CONNECTIONS AND EQUIPMENT MAY NOT BE OPERABLE AND CONNECTED TO EACH SPOT.

7. THERE IS ONLY ONE WATER METER TO THE PARK. THERE WAS SEPARATE ELECTRICAL METERS TO ALL THE SPACES ORIGINALLY. SOME MAY BE MISSING NOW.

TRACTS 3 & 4 SPECIAL SALE CONDITIONS:

8. TRACT 3 & 4 HAVE NO LEGAL INGRESS AND EGRESS TO A STREET AND NONE WILL BE PROVIDED.

9. TRACT 3 - .94 ACRES LOCATED IN THE SOUTHWEST CORNER OF THE 6.11 ACRES. DEED BOOK 184, PAGE 354 ROHCT.

10. TRACT 3 MUST BE SOLD AND DEEDED WITH TRACT 4 AND AN ADJOINING PROPERTY OWNER OR WITH TRACT 4 AND TRACT 1 OR TRACT 2 OR TRACTS 1 AND 2.

11. TRACT 4: 3.12 ACRES NORTH OF TRACT 1 AND 2 AND EAST OF TRACT 3. DEED BOOK 47, PAGE 591 AND DEED BOOK 48, PAGE 77. MUST BE SOLD AND DEEDED TO AN ADJOINING PROPERTY OWNER OR MUST BE SOLD AND DEEDED WITH TRACT 1 OR TRACT 2 OR SOLD AND DEEDED WITH TRACT 1 AND TRACT 2.

12. 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.

13. BEING TAX MAP 95O, GROUP F, PARCEL 069.00 IN THE HENRY COUNTY TAX ASSESSORÂ’S OFFICE.

14. 2014 TAXES TO BE PRO-RATED TO DATE OF CLOSING CALCULATED ON THE

2013 TAXES.
2013 CITY TAX: $234.34
2013 COUNTY TAX: $1,031.00 & $168.00 = $1,199.00

15. 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.

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

17. A TERMITE CLEARANCE LETTER WILL BE PROVIDED BEFORE THE AUCTION.

18. 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 MAY 22, 2014 WITH THE FIRST ADVERTISEMENT FOR THE SALE OF THIS PROPERTY AT AUCTION AND ENDED JUNE 2, 2014

19. PROPERTY SELLS SUBJECT TO EXISTING EASEMENTS.

20. THERE IS A CITY SEWER LINE RUNNING ACROSS THE PROPERTY. THERE IS A MAN HOLE ON TRACT 2 AND POSSIBLY ON TRACT 3.

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

22. 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.

23. SELLERS 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.
24. 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.

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

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

27. 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.

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

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

30. DEED BOOK 48, PAGE 47 HAS OLD DEED RESTRICTIONS. LEGAL HAS TOLD THE OWNERS THESE RESTRICTIONS WILL NOT STAND UP AND THEY COULD GET TITLE INSURANCE TO SUPPORT THIS.

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.

41. PROPERTY HAS NOT RECENTLY BEEN SURVEYED AND WILL BE SOLD ACCORDING TO THE LEGAL DESCRIPTION IN THE OWNERS DEED.

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, Auctioneer
239 University Street  P. O. Box 129 - TL9, FL 107
MARTIN, TN 38237  (731) 587-4244
See Our Website: www.alexanderauctions.com]]>

ADAMS-ROBINSON AUCTION