***TERMS*** AUCTION STATEMENT OF ONLINE TERMS 10% Buyers Premium will be added to each successful bid. The sale of 8.67 ac Blount County, Tennessee, September 27th 2016 AUCTION will be sold as follows: 10% BUYERS PREMIUM WILL BE ADDED TO EACH SUCCESSFUL BID All newspaper or other publications and all oral and verbal statements as to advertising made by owners of said property and by DeLozier Realty & Auction, or any agent of said company, are hereby revoked. This is an Absolute Auction - All Sales are Final. The highest bid plus a 10% Buyers Premium will be the total sales price. All successful bidders will be required to sign a note for the deposit amount, in addition to deposit paid day of sale. AUCTION SALES CONTRACT, PROMISSORY NOTE, and STATEMENT OF SALE: This property is offered under specific terms provided in the auction sales contract, promissory note, and statement of sale. Please read and review the contract, promissory note, and statement of sale thoroughly prior to bidding on any property. If you have not read and reviewed the Auction Sales Contract, Promissory Note, Statement of Sale and all other materials available plus completed your own “due diligence” to satisfy all questions, please Do Not Bid! Bidder acknowledges and understands that this service may or may not function correctly the ending day of the auction. Under no circumstances shall Bidder have any kind of claim against DeLozier Realty & Auction or anyone else if the internet service fails to work correctly before or during the ending of the auction. DeLozier Realty & Auction will not be responsible for any missed bids from any source. Taxes for the 2016 year to be prorated at closing and any back taxes to be paid by seller at closing. Closing on all Real Estate will be on or before 30 days from September 27th, 2016. All properties to be sold in “as is” condition with no guarantees or warranties expressed or implied. Please rely on your previous inspections of all properties. Copies of surveys and any other paperwork pertaining to the properties are available. This online only auction is a CASH SALE not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Auction Sales Contract. BID PACKAGE: Auction Sales Contract & Promissory Note Package, along with any other paperwork pertaining to the sale, will be sent by e-mail from DeLozier Realty & Auction to the successful bidder, who must execute and fax or email back to DeLozier Realty & Auction within 24 hours of receipt. Successful bidders not executing and returning their contract & promissory note with earnest money deposit (10% non refundable deposit of total purchase price (certified funds or wire) made payable to DeLozier Realty & Auction) within 24 hours of receipt will be considered in default and subject to an Administrative Fee (as defined below). All Administrative Fees are non-refundable. The entirety of the remaining balance is due at closing. Purchaser shall be responsible for all wire transfer fees and closing fees as set out in Auction Sales Contract and Auction Statement of Sale. Auction Administrative Fee: In the event a winning bidder fails to submit the signed “Auction Sales Contract,” signed “Promissory Note,” and deposit earnest money as provided in the pre-stipulated Auction Terms, the winning bidder will be charged an administrative fee of $2,500.00 on the credit card provided at auction registration. Additional default remedies are reserved by DeLozier Realty & Auction and the Seller as provided in the Auction Statement of Sale, the DeLozier Realty & Auction and the Promissory Note. All Administrative Fees are non-refundable. Terms for Real Estate are 10% down day of online bidding end, balance at closing within 30 days. Buyer to pay one-half of closing fee, in addition to their other individual closing costs. Please note that Kizer & Black Attorneys will be the exclusive closing agent for this transaction. REMEMBER, this is an Absolute Auction and all sales are final. Do not bid unless you are prepared to pay appropriate deposit and meet all conditions to close as set out in your contract. Bidders must be ready, willing and able to close within 30 days. Please do not bid unless prepared to do so. 10% BUYERS PREMIUM TO BE ADDED TO EACH SUCCESSFUL BID