ONLINE ONLY AUCTION: Selling Absolute - 3 BR – 2 BA Doublewide on 2.7+/- Acres on permanent foundation

PROPERTY IS OFFERED UNDER THE SPECIFIC TERMS PROVIDED IN THE PURCHASE CONTRACT.

PLEASE READ AND REVIEW THE CONTRACT THOROUGHLY PRIOR TO BIDDING ON ANY PROPERTY. IF

YOU HAVE NOT READ AND REVIEWED THE CONTRACT FOR SALE OF REAL ESTATE, DO NOT BID.

AUCTION END TIMES: Comas Montgomery Realty & Auction Co., Inc. Online

Auctions are timed events and all bidding will close at specified time. Comas

Montgomery Realty & Auction Co., Inc. Online Auctions also have an auto extend

feature. Any bid placed in the final 5 minutes of an auction, the auction ending will

be automatically extended 5 minutes from the time the bid was placed. Example: if an

auction scheduled to close at 6:00 receives a bid at 5:59, the close time will

automatically extend 6:04. The auto extends feature remains active until no further

bids are received within a 5 minute time frame.



REFRESH YOUR SCREEN CONSTANTLY DURING THE CLOSING MINUTES OF THE BIDDING. USE THE ADDRESS BAR TO REFRESH.



SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are

technical difficulties related to the server, software or any other online

auction-related technologies, Comas Montgomery Realty & Auction Co., Inc. reserves

the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE

COMPANY PROVIDING THE SOFTWARE nor COMAS MONTGOMERY REALTY & AUCTION CO., INC. SHALL

BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION

PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information as deemed necessary by Comas Montgomery Realty & Auction Co., Inc.



TERMS: $10,000 as non-refundable earnest money in

the form of a certified check, cash or wire transfer within 72 hour of the close of

auction, with the balance of purchase price due at closing within 30 days. Purchaser shall be responsible for all wire transfer fees. Closing will be as specified in the Contract

for Sale of Real Estate. 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 Contract for

Sale of Real Estate under “files” sections of the webpage.



CONTRACT FOR SALE OF REAL ESTATE: The contract is required to be fully and correctly completed, WITHOUT any modifications and properly signed.



CLOSING: Property is to be closed within 30 days after the auction. NO EXTENTIONS. Be prepared to close.



BUYER’S PREMIUM: There will be a buyer’s premium

of 10% added to the bid price to arrive at final purchase price. Example: Bid Price

$100,000 plus $10,000 (10% buyer’s Fee) equals purchase price of $110,000.



AUCTION BIDDER DEFAULT: Successful bidder not executing and returning

the contract with earnest money deposit within 72 hours of the conclusion of the

auction will be considered in default. In the event a winning bidder fails to submit

the signed Contract for Sale of Real Estate and earnest money deposit, the

winning bidder may be charged a penalty fee of $1,000.00 on the credit card provided

at auction registration (if required). Additional default remedies are reserved by

Comas Montgomery Realty & Auction Co., Inc. and the Seller as provided in the Auction

Terms and Conditions and the Contract for Sale of Real Estate. Comas Montgomery

Realty & Auction Co., Inc. reserves the right to sell to the second-highest bidder in

the event the successful high bidder does not comply with the terms of the sale. Any

dispute between Comas Montgomery Realty & Auction Co., Inc., its Agents or

Representatives and the Buyer(s) will be tried in a court of jurisdiction in

Rutherford County, Tennessee. By bidding on the property, buyer agrees to all terms

and conditions set forth. The contract is required to be fully and correctly completed, without any modifications and properly signed. A contract that is incomplete, incorrect, or modified in any respect, is considered to be in default.



Comas Montgomery Realty & Auction Co., Inc. reserves the right to reject any and all bids for any reason.



Comas Montgomery Realty & Auction Co., Inc. reserves the right to cancel this auction, or remove any item or lot from this auction prior to the close of bidding.



Acceptance of Bid Prices: Successful bidder(s) will be required to enter into a purchase agreement immediately following the close of the auction. Comas Montgomery Realty & Auction Co., Inc. will e-mail documents to be executed and fax or e-mail back to Comas Montgomery Realty & Auction Co., Inc. within 48 hours of the end of the auction. Successful bidders not executing and returning contracts with earnest money deposit within 48 hours will be considered in default. Any and all inspections that a buyer may want must be done at buyer’s expense prior to the close of the online bidding. Comas Montgomery Realty & Auction Co., Inc., Agents, Representatives or Employees may bid. Comas Montgomery Realty & Auction Co., Inc. reserves the right to sell to the next highest qualified bidder if the winning bidder is in default of these terms. Winning bidder must execute the contract with no changes, modification, additions or deletion.



Title: As specified in the Contract for Sale of Real Estate

Deed: As specified in the

Contract for Sale of Real Estate

Possession: As specified in the Contract for

Sale of Real Estate

Real Estate Taxes and Closing Cost: BUYER is responsible for 2011 property taxes. Seller is responsible for prior years property taxes. The purchaser will pay all other closing costs associated with the purchaser’s side of the sale, including local and state recording fees and any cost associated with the purchaser’s loan.

Easements: Subject to any and all easements of record.

Zoning: This property is subject to all state and local zoning ordinances.

Acreage & Aerial Photos: Parcel dimensions and acreages are based on legal descriptions. Aerial photos are for illustration purposes only and not surveyed boundary lines.

Bidder Verification: The identity of all bidders will be verified,

bidding rights are provisional, and if complete verification is not possible, Comas

Montgomery Realty & Auction Co., Inc. will reject the registration, and bidding

activity will be terminated. The Seller and Comas Montgomery Realty & Auction Co.,

Inc. reserve the right to preclude any person from bidding if there is any question

as to the person’s credentials, mental fitness, etc. Bidders agree to keep their username

and password confidential as they are responsible for ANY and ALL activity involving

their account. If the registered bidder’s user name is offensive to Comas Montgomery Realty & Auction Co., Inc. then Comas Montgomery Realty & Auction Co., Inc. reserves the right to delete the bidder from bidding. When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges.



Agency: Comas Montgomery Realty & Auction Co., Inc.,

Agents and Representatives are agents of the Seller. Buyer and or Bidder agrees to

hold harmless and indemnify Comas Montgomery Realty & Auction Co., Inc. and its

Agents and its Representatives from any and all claims, damages or suits including

but not limited to awards, judgments, costs, fees, etc.



NEW DATA, CORRECTIONS, AND CHANGES: Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information. Disclaimer & Absence of Warranties: All information contained in this information packet and all related materials are subject to the terms and conditions

outlined in the Contract for Sale of Real Estate agreement. The property is being

sold on an “AS IS, WHERE IS” basis, and no warranty or representation either

expressed or implied, concerning the property is made by the Seller or Comas

Montgomery Realty & Auction Co., Inc., Agents or Representatives. All sketches and

dimensions in the brochure are approximate. Each potential bidder is responsible for

conducting his or her own independent inspections, investigations, inquiries, and due

diligence concerning the property. The information contained in the brochure and on

the website is subject to verification by all parties relying on it. No liability for

its accuracy, errors, or omissions is assumed by the Seller, Comas Montgomery Realty

& Auction Co., Inc., Agents or Representatives. Conduct of the auction and increments

of bidding are at the direction and discretion of the Auctioneer. All decisions of

Comas Montgomery Realty & Auction Co., Inc. are final.



Any dispute between Comas Montgomery Realty & Auction Co., Inc., its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Rutherford County, Tennessee. By bidding on the property, buyer agrees to all terms and conditions set forth.