342 Hiwassee Road Lebanon, TN 37087 LOCATED IN SMITH CO., TN SELL1NG AT AUCTION ON June 2, 2012 @ 12:00 noon TERMS. CONDITIONS. AND ANNOUNCEMENTS AGENCY DISCLOSURE: RealtyTrust Auctioneers, LLC represents the Sellers of this property. ATTORNEY:
Seller will furnish a General Warranty Deed on property at closing …( Clear, Fee Simple, Insurable Title)
TERMS: A ten percent (10%) earnest money payment will be due immediately after being declared the buyer; you will be required to sign the contingency free Purchase and Sale Agreement provided by RealtyTrust Auctioneers, LLC. The balance is due in cash at closing within thirty (30) days. OTHER COSTS: Buyer will pay ½ attorney's closing fee (approx. $550.00) and recording fee for Buyer’s Warranty Deed. TAXES: The 2012 property taxes to be pro-rated date of closing. Any back taxes or Green Belt Rollback Fees paid by seller at closing. (Est. 2011 Taxes of record $3,600.00 annually) CLOSING: Closing will be held on or before July 2, 2012 @ Gullett Sanford Robinson Martin @ 150 Third Ave. South Ste.# 1700 Nashville TN 37201 (615) 244-4994 Catherine Gwyn. NOTE: The buyer does not have the right to extend the closing date past July 2, 2012 POSSESS ION: Date of Deed Buyer’s Premium: A Ten Percent (10%) Buyer’s Premium applies…ten percent will be added to the high bid to determine final contract purchase price ADDITIONAL CONDITIONS OF SALE: (1) Property will be selling by Deed description, no survey was conducted for the purpose of this auction (2) Property will be selling subject to all matters shown and/or recorded in public records of Smith Co. (3) Property is selling "AS IS" without any warranties or representations being expressed or implied as to the fitness, use, habitability, merchantability, shape, size, quality, quantity, condition, age, environmental impacts, and/or hazardous and subsurface conditions, by the sellers nor their agents. A termite inspection has been completed and letter is being provided. (4) Property is selling subject to matters shown in preliminary Title commitment (5) Property will be selling Absolute to the highest bidder