Tract 17, Big Creek Estates

Terms & Conditions: Please contact the auction house for all Terms & Conditions. See Bidders Information Packets for these properties at: http://www.garnerauctionsinc.com/infoPKT-122acresTillmanMill-04-18-09.html or Call 1-877-914-7653 (TollFree) - 256-233-5699 (Athens, AL) for Terms & Conditions 1. All Internet bidders are required to register no later than Thursday, April 16th, 2009, at 3:00 p.m. CST by clicking on the registration button when closing this window. 2. All Internet bidder applications are subject to final approval of Garner Auctions, Inc. 3. All Internet bidders will be required to wire $10,000.00 (Ten Thousand and no/100 Dollars) USD into the auction escrow account. These funds must be received into this account no later than twenty-four (24) hours prior to the beginning of the auction in order to participate in the auction. Contact auction company for wiring instructions. 4. If you are the successful bidder (purchaser), you will be notified within 24 hours of the close of the auction, at which time you will be required to e-sign a real estate auction contract and return via e-mail within 12 hours. Purchaser must send via wire transfer any and all additional funds necessary to comply with the 10% non-refundable earnest money required by the real estate auction company contract within 2 banking days following the auction. All earnest money is non-refundable, except for default by Seller. 5. Balance is due on or before May 18, 2009. Time is of the essence in the closing of this transaction. 6. Property taxes will be prorated as of the day of closing. 7. Seller reserves the right to accept or reject any and all bids. 8. All property and improvements are sold “as-is where-is” day of sale. There are no warranties expressed or implied. Purchaser hereby waives all rights to any further inspections and by bidding agrees that the purchaser has made all inspections and is satisfied with the condition of the property. Square footage dimensions and acreage amounts are based upon information provided by the seller, surveyor, and or courthouse records and are believed to be correct; however, purchaser shall have the sole responsibility to confirm all calculations prior to the auction. 9. By bidding today the bidder acknowledges and agrees that any tracts purchased in the individual round may be lost in the combination round; it is possible that purchaser may lose one or more tracts and still have one or more tracts. 10. This contract is not contingent upon financing of any kind. Visit http://www.garnerauctionsinc.com/infoPKT-122acresTillmanMill-04-18-09.html to review real estate auction contract. 11. Confirmation of Agency Status: Garner Auctions, Inc. hereby discloses that it is acting as an agent for the seller. Bidder acknowledges by his or her acceptance of these terms and conditions that this disclosure has taken place prior to his or her bid. 12. In the event of any dispute before, during, or after the auction, the auctioneer’s determination shall be conclusive and final. In the event of a tie bid, where two or more bidders believe they each have the winning bid, the auctioneer will reopen the bidding between those bidders. Garner Auctions, Inc. reserves the right to amend the terms and conditions in order to protect the integrity of the auction process as well as protect all purchasers and sellers. Announcements made from the auction block or by Proxibid will take immediate precedence over any and all previously written advertisements and other representations.