July 18th 2017 Multi Property Online Only Absolute Auction ABSOLUTE AUCTION STATEMENT OF SALE & ONLINE TERMS

The sale of Sales 1-23 JULY 18TH ONLINE ONLY AUCTION LOCATED IN SEVIER, FENTRESS, HAMBLEN AND BLOUNT COUNTIES, TN will be sold as follows:

10% BUYERS PREMIUM WILL BE ADDED TO EACH SUCCESSFUL BID

All newspaper or other publications and all oral and verbal statements as to advertising made by owners of said property and by McCarter Auction, Inc., or any agent of said company, or by Scott E. McCarter, are hereby revoked.

This is an Absolute Auction - All Sales are Final. Each Sale # has its own announcements. Please pay very close attention as this will cover the terms and conditions for that property. The highest bid plus a 10% Buyers Premium will be the total sales price. All successful bidders will be required to sign a note for the deposit amount, in addition to deposit paid day of sale VIA CASH, GOOD CHECK, WIRE TRANSFER, OR CREDIT CARD. CREDIT CARD PAYMENT ONLY UP TO $1,000 AND ANY BALANCE ABOVE $1,000 TO BE PAID VIA CASH, GOOD CHECK OR WIRE TRANSFER. Note shall become null and void when buyer shall complete all requirements for closing as set out in their contract.

ALL ONLINE BIDS ON THIS AUCTION START TUESDAY, JUL 11TH, AT 10:30 AM EDT AND WILL BEGIN ENDING ON TUESDAY JUL 18TH AT 2:00 PM EDT.

AUCTION END TIMES: McCarter Auction, Inc. Online Auctions are timed events and all bidding will close at specified time. McCarter Auction, 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 2:00 receives a bid at 1:59, the close time will automatically extend 2:04. The auto extend feature remains active until no further bids are received within a 5 minute time frame. ALL PROPERTIES IN THIS SALE EXTEND IF ANY ONE OF THEM IS EXTENDED. McCarter Auction, Inc. reserves the right to adjust the auto extension time period.

THE FINAL SALE OF PROPERTIES USING INTERNET BIDS/MAX BIDS WILL DETERMINE THE WINNING BIDDERS OF PROPERTIES AS ADVERTISED.

INTERNET BIDDING INCREMENTS =

$0 TO $2,499 --- 50.00

$2,500 TO $9,999 --- 100.00

$10,000 TO $24,999 --- $250.00

$25,000 TO $49,999 --- $500.00

$50,000 TO $249,999 --- $1,000.00

$250,000 TO $499,999 -- $5,000.00

$500,000 AND UP --- $10,000.00

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 attached Auction Sales Contract.

BID PACKAGE: Auction Sales Contract & Promissory Note Package, along with any other paperwork pertaining to each sale #, will be sent by e-mail from McCarter Auction Inc to the successful bidder, who must execute and fax or email back to McCarter Auction Inc within 24 hours of receipt. Successful bidders not executing and returning their contract & promissory note with earnest money deposit (10% non refundable deposit of total purchase price (certified funds or wire) made payable to McCarter Auction Inc) within 24 hours of receipt will be considered in default and subject to an Administrative Fee (as defined below). All Administrative Fees are non-refundable. The entirety of the remaining balance is due at closing. Purchaser shall be responsible for all wire transfer fees and closing fees as set out in Auction Sales Contract and Auction Statement of Sale.

Auction Administrative Fee: In the event a winning bidder fails to submit the signed “Auction Sales Contract,” signed “Promissory Note,” and deposit earnest money as provided in the pre-stipulated Auction Terms, the winning bidder will be charged an administrative fee of $2,500.00 on the credit card provided at auction registration. Additional default remedies are reserved by McCarter Auction Inc and the Seller as provided in the Auction Statement of Sale, the Auction Sales Contract and the Promissory Note. All Administrative Fees are
non-refundable.

AUCTION SALES CONTRACT, PROMISSORY NOTE, and STATEMENT OF SALE: Each property is offered under specific terms provided in the auction sales contract, promissory note, and statement of sale. The Auction Sales Contract, Promissory Note, Statement of Sale are available at www.mccarterauction.com in the “View Documents” section of this auction website. Please read and review the contract, promissory note, and statement of sale thoroughly prior to bidding on any property. If you have not read and reviewed the Auction Sales Contract, Promissory Note, Statement of Sale and all other materials available plus completed your own
“due diligence” to satisfy all questions, please Do Not Bid!

Buyer’s Premium: A 10% buyer’s premium will be added to the bid price on all properties to determine the final contract price.

McCarter Auction Inc has the sole authority to resolve any bidding disputes as they may arise.

McCarter Auction Inc is providing internet/online bidding as a service to Bidder. Bidder acknowledges and understands that this service may or may not function correctly the ending day of the auction. Under no circumstances shall Bidder have any kind of claim against McCarter Auction Inc or anyone else if the internet service fails to work correctly before or during the ending of the auction. McCarter Auction Inc will not be responsible for any missed bids from any source.

Taxes for the 2017 year to be prorated at closing and any back taxes to be paid by seller at closing. Closing on all Real Estate will be on or before 30 days from July 18th, 2017, except Sale #5 Leasehold on Dolly Parton Parkway. Possession of all properties to be given at closing, unless otherwise stated in individual property terms. All properties to be sold in “as is” condition with no guarantees or warranties expressed or implied. Please rely on your previous inspections of all properties. Copies of surveys, restrictions, zoning regulations and any other paperwork pertaining to the properties are available online.

The properties will be sold subject to zoning, easements and restrictions of record and will be sold as described from maps. The properties will be sold free from all encumbrances and a Warranty Deed will be executed by the owner to the purchaser for said land, UNLESS OTHERWISE STATED IN SPECIFIC PROPERTY TERMS (Sale #5, Leasehold Dolly Parton Parkway).

Terms for Real Estate are 10% down day of online bidding end, balance at closing within 30 days, except Sale #5. Buyer to pay one-half of closing fee, in addition to their other individual closing costs. Please note that Johnson Murrell & Associates will be the exclusive closing agent for all transactions, except Sale #5. Tennessee Land Title will be the exclusive closing agent for Sale #5 Leasehold Dolly Parton Parkway.

REMEMBER, this is an Absolute Auction and all sales are final. Do not bid unless you are prepared to pay appropriate deposit and meet all conditions to close as set out in your contract. Bidders must be ready, willing and able to close within 30 days, except Sale #5 (see terms below). Please do not bid unless prepared to do so.

INDIVIDUAL PROPERTY TERMS:

SALE #1: 7+ Acre Baby Farm, 138 Barbara Ct, Grimsley, TN, Fentress Co.: All properties to be sold in “as is” condition with no guarantees or warranties expressed or implied. A non-exclusive right to use the 30 ft easement running Southwardly on the L.D. York Rd and Westerly on the 30 ft right of way between the 5.01 acre and 11.46 acre tracts for access and also for the placement of utilities as may be necessary as described in Book 104, Page 410 in the Register’s Office for Fentress Co., Tennessee. See Restrictions available online. Subject to recorded map.

SALE #2: Ryan Estate Home at 3182 Stepping Stone Drive, Sevierville, TN 37862, 1.14 acres on lot 14, section 16E of Shagbark: All properties to be sold in “as is” condition with no guarantees or warranties expressed or implied. See Restrictions available online. Property Owner’s Association Dues: Per Shagbark Property Owner’s Association (POA), dues are $750.00 a year (62.50 per month) on lot with home. A one-time $300.00 road assessment may be collected for the 2017 year, per Shagbark POA. Termite inspection report to be given to buyer of home. No treatment recommended. Possession of home and outbuilding to be given at closing. Any personal property in home and outbuilding at time of possession remain with home and outbuilding. Zoned R-1 Sevier County. See notes on recorded map and on survey by Marcus G. Whaley, RLS dated May 25, 2017 titled “Survey of Lots 14, 15, and Section 16E and Lot 3 Section 2A.

SALE #3: Ryan Estate Lot 15, Section 16E, Shagbark, Sevierville, TN: All properties to be sold in “as is” condition with no guarantees or warranties expressed or implied. See Restrictions available online. Property Owner’s Association Dues: Per Shagbark Property Owner’s Association (POA), dues are $295.00 a year. A one-time $300.00 road assessment may be collected for the 2017 year, per Shagbark POA. Zoned R-1 Sevier County. See notes on recorded map and on survey by Marcus G. Whaley, RLS dated May 25, 2017 titled “Survey of Lots 14, 15, and Section 16E and Lot 3 Section 2A.

SALE #4: Ryan Estate Lot 3, Section 2A, Shagbark, Sevierville, TN: All properties to be sold in “as is” condition with no guarantees or warranties expressed or implied. See Restrictions available online. Property Owner’s Association Dues: Per Shagbark Property Owner’s Association (POA), dues are $295.00 a year. A one-time $300.00 road assessment may be collected for the 2017 year, per Shagbark POA. Zoned R-1 Sevier County. See notes on recorded map and on survey by Marcus G. Whaley, RLS dated May 25, 2017 titled “Survey of Lots 14, 15, and Section 16E and Lot 3 Section 2A.

SALE #5: Leasehold on Dolly Parton Parkway (p/o Lot 24 Birchwood), Sevierville, TN: All properties to be sold in “as is” condition with no guarantees or warranties expressed or implied. See Restrictions available online. Zoned C-4 City of Sevierville. The leasehold sells SUBJECT TO ALL THE TERMS AND CONDITIONS of the original ground lease. A complete copy is available on this site under “VIEW DOCUMENTS”. Lease sells subject to Section XXXII whereby the seller of this leasehold will give Mountain Star Lodge #197 notice with name of successful bidder after bidding closes July 18, 2017, giving the Lodge ten (10) days to respond. After ten (10) days if the Lodge does not object to the sell, the buyer has 30 days from that date to close giving the buyer a total of 40 days from July 18, 2017 to close. If for any reason the Lodge objects to the sale under this section of the lease, the full amount of the buyer’s deposit will be returned and the sale will not be completed. The property will be sold free from all encumbrances and an Assignment of Lease will be executed by the owner to the purchaser for said Leasehold. Please note that Tennessee Land Title will be the exclusive closing agent for this transaction.

SALE #6: Lot 3 of Sunset Pleasure Shores, Lakefront Lot, Sevier Co., TN: All properties to be sold in “as is” condition with no guarantees or warranties expressed or implied. See Restrictions available online. Zoned R-1 Sevier County. NOTE: Lot 3 of Sunset Pleasure Shores is a re-subdivision of lot 7R of Catlett Shores as shown in Map Book 29, Page 291. Lot 3 is subject to flowage easement of the Douglas Lake Reservoir below the 1007 foot contour line. Subject to recorded map.

SALE #7: Lot 1 of Davis and Stanley Property, Morristown, TN, 0.92 acre: All properties to be sold in “as is” condition with no guarantees or warranties expressed or implied. Zoned Commercial I-B City of Morristown (Intermediate Business District). Subject to all notes on recorded map and recent survey by Eddy R. Garrett dated April 12, 2017. Note there is a 50’ front building setback. Has utility water and sewer available.

SALE #8: Lot 2 of Davis and Stanley Property, Morristown, TN, 0.98 acre: All properties to be sold in “as is” condition with no guarantees or warranties expressed or implied. Zoned Commercial I-B City of Morristown (Intermediate Business District). Subject to all notes on recorded map and recent survey by Eddy R. Garrett dated April 12, 2017. Note there is a 50’ front building setback. Has utility water and sewer available.

SALE #9: Lot 3 of Davis and Stanley Property, Morristown, TN, 1.01 acre: All properties to be sold in “as is” condition with no guarantees or warranties expressed or implied. Zoned Commercial I-B City of Morristown (Intermediate Business District). Subject to all notes on recorded map and recent survey by Eddy R. Garrett dated April 12, 2017. Note there is a 50’ front building setback. Has utility water and sewer available.

SALE #10: Lot 4 of Davis and Stanley Property, Morristown, TN, 1.13 acre: All properties to be sold in “as is” condition with no guarantees or warranties expressed or implied. Zoned Commercial I-B City of Morristown (Intermediate Business District). Subject to all notes on recorded map and recent survey by Eddy R. Garrett dated April 12, 2017. Note there is a 50’ front building setback. Has utility water and sewer available.

SALE #11: Lots 1 and 2 of Alpha Heights 2 S/D, Morristown, TN, 0.89 acre: All properties to be sold in “as is” condition with no guarantees or warranties expressed or implied. Zoned R-2 medium residential. Utilities available. Subject to all notes on recorded map and recent survey by Eddy R. Garrett dated April 12, 2017. Utilities available. Restrictions available online.

SALE #12: Lot 60 Regency Park, Sevierville, TN: All properties to be sold in “as is” condition with no guarantees or warranties expressed or implied. See Restrictions available online. Owner’s Association Dues: Per seller, dues are $650.00 a year. Zoned R-1 Sevier County. See notes on recorded map.

SALE #13: Lot 64 Regency Park, Sevierville, TN: All properties to be sold in “as is” condition with no guarantees or warranties expressed or implied. See Restrictions available online. Owner’s Association Dues: Per seller, dues are $650.00 a year. Zoned R-1 Sevier County. See notes on recorded map.

SALE #14: Lot 1 Phase 4 Saddleback Ridge, Sevierville, TN: All properties to be sold in “as is” condition with no guarantees or warranties expressed or implied. See Restrictions available online. Owner’s Association Dues: Per seller, dues are $382.00 a year. Zoned R-1 Sevier County. See notes on recorded map. Also, there is a general telephone line easement in favor of Bell South of record in ROW book 13, Page 114, in the Register’s Office for Sevier Co., TN.

SALE #15: Lot 6 Saddleback Ridge, Sevierville, TN: All properties to be sold in “as is” condition with no guarantees or warranties expressed or implied. See Restrictions available online. Owner’s Association Dues: Per seller, dues are $382.00 a year. Zoned R-1 Sevier County. See notes on recorded map. Also, there is a general telephone line easement in favor of Bell South of record in ROW book 13, Page 114, in the Register’s Office for Sevier Co., TN.

SALE #16: Lot 20 Saddleback Ridge Phase 4, Sevierville, TN: All properties to be sold in “as is” condition with no guarantees or warranties expressed or implied. See Restrictions available online. Owner’s Association Dues: Per seller, dues are $382.00 a year. Zoned R-1 Sevier County. See notes on recorded map. Also, there is a general telephone line easement in favor of Bell South of record in ROW book 13, Page 114, in the Register’s Office for Sevier Co., TN.

SALE #17: Lot 15 County Manor Estates, Gatlinburg, TN: All properties to be sold in “as is” condition with no guarantees or warranties expressed or implied. See Restrictions available online. Zoned R-1 Sevier County. See notes on recorded map.

SALE #18: Lot 14 of Tyrolea Sec 4 Mountain Lot in Gatlinburg, TN: All properties to be sold in “as is” condition with no guarantees or warranties expressed or implied. See Restrictions available online. Zoned R-1 Sevier County. See notes on recorded map. Also, there is a transmission line easement of record in ROW book 3, Page 191, in the Register’s Office for Sevier Co., TN.

SALE #19: Lot 199, Section AA Sky Harbor, Sevier County, TN: All properties to be sold in “as is” condition with no guarantees or warranties expressed or implied. See Restrictions available online. Owner’s Association Dues: Per seller, dues are $135.00 a year. Zoned R-1 Sevier County. See notes on recorded map. Said roads in Sky Harbor are private roads and any owner owning lots in the subdivision would be subject to the joint maintenance of said roads.

SALE #20: Lot 3 of Cobbly Nob Village Chestnut Ridge II, Sevier County, TN: All properties to be sold in “as is” condition with no guarantees or warranties expressed or implied. See Restrictions available online. Owner’s Association Dues: Per association, dues are $310.00 a year and there is a $50 property transfer fee per lot. Zoned A-1 Sevier County. See notes on recorded map.

SALE #21: Lot 4 of Cobbly Nob Village Chestnut Ridge II, Sevier County, TN: All properties to be sold in “as is” condition with no guarantees or warranties expressed or implied. See Restrictions available online. Owner’s Association Dues: Per association, dues are $310.00 a year and there is a $50 property transfer fee per lot. Zoned A-1 Sevier County. See notes on recorded map.

SALE #22: Lot 12, Section 17, Shagbark, Sevierville, TN: All properties to be sold in “as is” condition with no guarantees or warranties expressed or implied. See Restrictions available online. Property Owner’s Association Dues: Per Shagbark Property Owner’s Association (POA), dues are $295.00 a year. A one-time $300.00 road assessment may be collected for the 2017 year, per Shagbark POA. Zoned R-1 Sevier County. See notes on recorded map and on survey by Hassel T. Wolfe, RLS dated October 25, 2002 titled “Survey of Lot 12, Section 17 of Mountain States Development Corporation’s Shagbark Subdivision for James F. Wilson and Elaine A. Wilson.”

SALE #23: Lot 120B OF LASHBROOKE S/D PHASE 2, BLOUNT COUNTY, TN: All properties to be sold in “as is” condition with no guarantees or warranties expressed or implied. See Restrictions available online. Property Owner’s Association Dues: Per seller, dues are $1,400.00 a year. Zoned R-1 (Rural District) Blount County. See notes on recorded map. An easement and maintenance agreement for the roads and utilities of record in Book 2063, page 45 in Register’s Office for Blount County, Tennessee. Easements of record in Misc. Book 141, Page 800 and Book M5, Page 210, in the Register’s Office for Blount Co., TN.

10% BUYERS PREMIUM TO BE ADDED TO EACH SUCCESSFUL BID

7/18/17 ABSOLUTE MULTI PROPERTY AUCTION