PROCEDURE: The property will be sold as a whole. Building is dried in and no electrical wiring has been completed. DOWN PAYMENT: A 10% down payment of the total contract purchase price will be due immediately after being declared the buyer. The down payment may be paid in the form of personal check, business check, or cashier's check. The balance of the contract purchase price is due in cash at closing within 30 days. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING. ACCEPTANCE OF BID PRICES: The successful bidder will sign a purchase agreement immediately following the close of online bidding. BUYER'S PREMIUM: No buyer's premium for this auction CLOSING: Closing shall take place on or before30 days after the contract has been fully executed, or as soon thereafter as applicable closing documents are completed. POSSESSION: Possession will be given at closing - Date of Deed. TITLE: Seller shall execute a proper deed (General Warranty Deed) conveying the real estate to the buyer(s). Property will be conveyed with good, clear title. Buyer has the option to purchase TITLE INSURANCE. REAL ESTATE TAXES AND ASSESSMENTS: The current year taxes on said Property shall be prorated to the date of closing. There are no liens on this property and all taxes are paid current. EASEMENTS: Sale of said property is subject to any and all easements of record. SURVEY: No new survey; sell per existing deed. AGENCY: United Country Richardson Real Estate & Auction, Inc. and its representatives are Exclusive Agents of the Seller. ZONING: No local zoning to auction company knowledge. The property is located approximately 3.5 miles east of Hwy 641 & Hwy 412 Parsons, TN. This is approximately 17 miles south of I-40 (by way of Exit 126)