REAL ESTATE TERMS & CONDITIONS As Is, Non contingent transaction. Buyer to all due dilegence prior to the auction date. Buyer will execute purchase and sale contract at completion of auction and make a $25,000 nonrefundable downpayment no later than the monday following the auction. Sale is not contingent on appraisal, inspection or financing. Buyer can have inspection and appraisal done prior to auction and may use financing but MUST close in 30 days. Use the time prior to the auction to complete all due diligence. Welcome to our Auction, we hope you enjoy your experience. Please take a moment and read our terms and conditions. If you have questions regarding these terms, please call our office. If you are being represented by an agent we are paying broker participation IF your agent registers using the broker participation form available on the auction site. Please note that all broker participation forms must be filled out completely and received no later than 48 hours prior to the close of the auction. Broker participation is 3% of the winning bid. Example: Winning bid of $100,000 = $3000 broker participation paid to broker at closing. This property will be sold subject to the owner's confirmation, which means the owner has the ability to reject or accept the final bid. By registering in our auction today you agree to our terms & conditions and will be bound by those Terms and Conditions. A ten percent (10%) buyer's premium will be added to the high bid to establish the total sales contract price. The successful high bidder on this property will be required to sign a Real Estate Sales Contract, Terms & Conditions, and any other documents needed immediately upon conclusion of the bidding and will make a nonrefundable deposit $25,000. Payment may be made by personal check; cashier's check, wire transfer or cash. The balance is to be paid in full at closing within 30 days. Current taxes will be prorated at the date of closing. Seller will provide the deed. Buyer is responsible for title opinion, title insurance and recording fees. Customary closing costs will be paid by the buyer. Buyer is to obtain their own financing but the auction is not contingent upon it. The contract will not be contingent upon financing, inspections or any other contingencies. Auction and its auctioneers and agents are representing the sellers as the sellers' agents. Blackwell Realty and Auction gives notice that the auctioneer or agent can bid on behalf of the seller upto the reserve price. All properties are sold "AS-IS, WHERE-IS and WITH ALL FAULTS," without any warranties expressed, implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder's behalf. All measurements, square footage and age are approximate and not guaranteed. Seller and or agent makes no warranty as to the accuracy of information. All information is deemed reliable, but not guaranteed. Buyer to verify all information to their satisfaction prior to bidding. Tennessee Residential property exemption notification and lead-based paint disclosure will be a part of the sales contract. Bidder understands and agrees that this agreement and all rights of the parties there-under, shall be governed by the laws of the County of Wilson, State of Tennessee and any action brought by either party shall be brought in the Courts of the State of Tennessee. In the event, that for any reason, the forum is deemed to be sufficiently inconvenient or the agreement on the forum selection is unenforceable it is still the intention of the parties that the Laws of the State of Tennessee govern the parties agreement and their rights attended thereto. Buyer agrees that any legal filed action will take place within the county of Wilson, City of Lebanon, State of Tennessee. If you are bidding online please note, the auctioneer may without notice, withdraw, extend or rearrange any property, and or item at their sole discretion at any time and will not be liable for any computer, internet or website malfunctions. In an online only auction bids that are placed within the last minute, will cause bidding to automatically extend to prevent bid sniping. Payment must be made within 48 Hours after you are the winning bidder. Blackwell Realty & Auction will have up to 7 DAYS to provide the Buyer with any documents to be signed after the auction has ended.

611 N. Greenwood Extension Lebanon, Tn 37087 2 Bedroom, 2 Bathroom 1098+/- Sqft Dedicated laundry room, Fenced backyard *This property has an identified sinkhole. Winning bidder will have to sign a sinkhole waiver acknowledging the presence of a sinkhole. OPEN HOUSE DECEMBER 7th 2pm-4pm FOR SHOWINGS OR INFORMATION: Contact Auctioneer Shelby Clayborn at 615-464-7979 CHARMING 2-BED, 2-BATH HOME IN PRIME LEBANON LOCATION 611 N. Greenwood Extension, Lebanon, TN ONLINE AUCTION Closes 6pm CST December the 18th - WWW.BIDBLACKWELL.COM This well-maintained 1,098 sq ft ranch-style home offers single-level living in the desirable Fairfield Place neighborhood. Features include: � 2 spacious bedrooms � 2 full bathrooms � Dedicated laundry room � Fully fenced backyard � No HOA restrictions Prime location minutes from: � Jimmy Floyd Center � Historic Town Square � Local shops and dining � Schools and amenities Review complete Purchase and Sale Agreement prior to bidding at: https://blackwellrealtyandauction.com/wp-content/uploads/BLANK-PURCHASE-and-SALE-AGREEMENT_FILL_-IN_THE_BLANKS.pdf Agents that are representing a pre-registered winning bidder will receive a 3% commission. Follow the link below to register your buyer. BW-Broker-Participation-Form.pdf (blackwellrealtyandauction.com) $25,000 Non-Refundable downpayment (credited towards purchase price) due within 48hrs of the close of auction and balance due at closing within 30 days. Please note that this is a non-contingent transaction. Pease review the sample Purchase and Sale Agreement below prior to bidding to ensure that you understand the terms of the purchase. https://blackwellrealtyandauction.com/wp-content/uploads/BLANK-PURCHASE-and-SALE-AGREEMENT_FILL_-IN_THE_BLANKS.pdf This is a contingent free transaction. The buyer's due diligence period begins when the property is publicly advertised. Buyers may order an appraisal or inspection at their own cost prior to the final day of the online auction. Buyer's may also receive financing for the property but please note that the transaction IS NOT CONTINGENT UPON appraisal, inspection or financing.