156 Exit off I-75 North., Newcomb, TN 37819

Past Auction & Estate Sale

April 16, 2011 at 10:30 AM

Features:

• Beautiful Mountain Top Views/Overlook
• Peaceful Area in the Quaint Town of Jellico
• Natural Gas
• Possible Coal Reserves
• Great Hunting Opportunities
• Merchantable Timber
• Railroad Runs through Property, Approx. 14,000 ft.
• Approx. 12,000 ft. of Creek Frontage / Cave on Property
• Great Exit off I-75 with New Ramp and Bridge to Property

Auction Terms and Conditions: BUYER’S PREMIUM:BUYER’S PREMIUM: A ten percent (10%) buyer’s premium will be added to the final bid price to arrive at the total contract purchase price paid by the buyer(s). Online bidders will pay an eleven percent (11%) buyer’s premium and must have a letter of credit prior to bidding. DOWN PAYMENT: A 10% down payment of the total contract purchase price will be due immediately after being declared the buyer. The down payment (non refundable deposit) may be paid in the form of a good personal check, business check, or cashier’s check. The balance of contract purchase price is due at closing. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING. ACCEPTANCE OF BID PRICES: All successful bidders will sign an Agreement to Purchase at the auction site immediately following the close of bidding. CLOSING: Closing shall occur as soon as possible. Closing date will be within 20 days from signed auction contract, no extensions, no exceptions. MINERAL RIGHTS: The sale of property shall include mineral rights owned by seller. DISCLAIMER AND WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the agreement to purchase. ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an “AS-IS, WHERE IS” basis, and no warranty or representation, either express or implied, concerning the property is made by the seller or the auction company. 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 this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy. Errors or omissions is assumed by the Seller or the auction company. All sketches and dimensions in this brochure are approximate. All acreages are approximate and have been estimated based on legal descriptions or aerial photographs. Conduct at the auction and increments of bidding are at the direction and discretion of the auctioneer. The seller and auction company reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of the auctioneer are final. Information Date: Friday, April 15, 2011 from 2:00pm - 6:00pm Days Inn, 1417 5th Street, Jellico, TN