TRACT 2

REAL ESTATE TERMS & CONDITIONS ¦ Sasser Auction Service LLC and Bass Agency Real Estate have been commissioned to auction the properties being offered here today. Bass· Agency Real Estate is a legally licensed Real Estate Company in the State of Alabama with Tripp Bass as Broker. Jason Sasser is a licensed real estate agent working with Bass Agency Real Estate and a licensed Auctioneer and Owner of Sasser Auction Service, LLC. ¦ This is an owner confirmation auction. This means that it is the owner's discretion to accept or reject any bids made on any property being offered. ¦ This property will be sold in parcels, and as a whole. The property will be offered in parcels first. Each parcel will be sold pending owner confirmation. Once the property is sold in parcels, the purchase price of the parcels will be added together and bidding on all 12 acres will begin in that price range. Again, it will be the sole discretion of the Seller to accept or reject any and all bids. ¦ A 6% Buyers Premium will be added to the high bid. The Bid Price plus the Buyer's Premium will be added together to equal the Total Contract Sales Price. ¦ All real estate sold "As Is, Where Is!" with no warranties expressed or implied. The Auctioneer assumes no liability for any guarantee made by the Seller or any third party. No warranty is made by the Auctioneer, either expressed or implied, as to the condition, merchantability, or fitness for intended use of the property being sold. Any reliance on the information furnished by the Auctioneer shall be solely at the recipient's risk. Possession of Real Estate will be given at closing. Real Estate Taxes will be prorated to date of closing. ¦ All bidders are required to register at the auction (Government Issued Photo ID required) prior to bidding on the Real Estate. Acknowledgement and agreement to the Terms and Conditions will be signified by bidder's signature. Auctioneers reserve the right to refuse any applicant a bidding number and may revoke bidding privileges at any time. ¦ All Bidders must provide a Bank Letter of Guarantee on his/her financial institutions official letterhead directed to Sasser Auction Service LLC and Bass Agency Real Estate for an amount equal to or greater than the amount the Bidder intends to bid on the property including the 10% Buyers Premium. Successful high bidder(s) will be required to: 1. Deposit 10% of the total contract sale price with in 24 hours from close of auction in the f01m of cash, wire transfer, cashier's check, personal or company check with a bank letter of guarantee; and 2. Sign a real estate sales contract with the balance due at closing within 30 days of the signing of an acceptable contract. ¦ It is incumbent upon the Buyer to pay for title opinion, closing costs, closing attorney and any other costs associated with closing. It is the responsibility of the Buyer to pay for a Survey (if needed). The Buyer agrees to pay for the survey upon completion. The Buyer authorizes Sasser Auction Service LLC and Bass Agency Real Estate to trade with a surveyor for that purpose. • It is agreed that the Bidder has thoroughly examined the prope1iy to be conveyed and relies solely upon his/her own judgment, independent research, inspection and investigation in making an agreement to purchase, and that there are no agreements, understandings or representations made either by the Seller, Auctioneer or Auctioneer's Representatives that are not set forth herein. It is the responsibility of the bidder to review all information supplied and seek appropriate independent assistance prior to attending and bidding at the auction. AGENCY DISCLOSURE In all transactions, Sasser Auction Service LLC and Bass Agency Real Estate is acting as an agent for the Seller. DISCLAIMER: ¦ All information contained within this advertisement has been taken from sources deemed to be reliable, but its accuracy cannot be guaranteed. Prospective Bidders are encouraged to fully investigate the property being offered for sale and seek appropriate professional assistance before bidding. This property is being sold "As Is, Where Is" with no warranties expressed or implied, with all its faults and limitations. There are no representations or warranties of any kind, including fitness for a particular use or purpose, relating to the title or any physical, environmental, health or safety conditions of the prope1iy. ¦ The sale of this property is subject to all matters shown on any recorded plat; any restrictive covenants, easements or set-back lines that may be applicable. ¦ All information furnished to bidders by Sasser Auction Service LLC and Bass Agency Real Estate is for the bidder's convenience, however, it is the responsibility of the bidder to determine that all information contained herein is accurate and complete. Any reliance on the information furnished by Sasser Auction Service LLC and Bass Agency Real Estate shall be solely at the recipient's risk. Each bidder must conduct and rely solely upon his/her own investigation and inspection of each property being offered. Sasser Auction Service LLC and Bass Agency Real Estate do not warrant or guarantee the title to, Zoning of, or Condition of: the land, buildings, and improvements thereon or the availability and location of utilities to this property. ¦ Sasser Auction Service LLC, Bass Agency Real Estate, the Seller and their respective principals, agents, employees, officers, directors, members, managers and/or affiliated entities do not make any representations or warranties concerning any property offered for sale and specifically disclaim the accuracy and completeness of any information provided. Unless otherwise specified, all property sold is with the express reservation that each sale is subject to confirmation by the Owner and/or Seller. ¦ Announcements made by the Auctioneer on day of sale take precedence over this or any other written matter, promotional material and/or prior oral statements. ¦ If, for any reason the Seller is unable to convey a good and merchantable Deed, the winning Bidder's sole remedy is the return of any consideration and/or binder received by Sasser Auction Service LLC and Bass Agency Real Estate without interest.