SALES 11-26 STATEMENT OF SALE & ONLINE TERMS

The sale of ALL PROPERTIES SALES 11-26, 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. 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 THURSDAY, JUNE 25TH, AT 10:30 AM EDT AND WILL BEGIN ENDING ON WEDNESDAY JULY 1ST 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 10 minutes of an auction, the auction ending will be automatically extended 10 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 2:09.The auto extend feature remains active until no further bids are received within a 10 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 $2,500.00 --- 50.00

$2,500.01 TO $10,000.00 --- 100.00

$10,000.01 TO $25,000.00 --- $250.00

$25,000.01 TO $50,000.00 --- $500.00

$50,000.01 TO $250,000.00 --- $1,000.00

$250,000.01 TO $500,000.00 -- $5,000.00

$500,000.01 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 2015 year to be prorated at closing and any back taxes to be paid by seller at closing. Closing will be on or before 30 days. Possession of all properties to be given at closing, unless otherwise stated in individual property terms. All other 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 and zoning regulations of 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.

Terms for Real Estate are 10% down today, balance at closing within 30 days. Buyer to pay one-half of closing fee, in addition to their other individual closing costs. Please note that Johnson, Murrell and Associates will be the exclusive closing agent for all transactions.

REMEMBER, this is an Absolute Auction and all sales are final. Do not bid unless you are prepared to pay appropriate deposit today and meet all conditions to close as set out in your contract.

INDIVIDUAL PROPERTY TERMS:

SALE #11 – COURT ORDERED CARTER ESTATE 307 JACKSON ST SEVIERVILLE TN NO. 14-07-4674

Property zoned R-2, City of Sevierville. Home, outbuildings and all property sold in “as is” condition. A lead based paint disclosure must be signed by buyer of home. Termite inspection letter will be provided to buyer of home. Utility water and sewer available. Per note on map, this property is located in a special flood area as per flood insurance rate map. Home needs some work. Any personal property left in home at closing remains with home.

SALE #12 – LOT 160 MAJESTIC MEADOWS PHASE III S/D, SEVIER COUNTY TN

Property zoned R-1, Sevier County. This lot has 3 bedroom approval and utility water is available. See copy of restrictions available online and at Civic Center during Open House and day of sale. This property is subject to Home Owners Association. Buyer(s) must join Home Owners Association and abide by their rules and regulations and pay appropriate fees. Current fees are $75 per lot per year.

SALE #13 – LOTS 19, 21, 29 & 36 BLACKBERRY RIDGE S/D, PIGEON FORGE TN

Property zoned C-6, City of Pigeon Forge. Utility water and sewer are available. See copy of restrictions available online and at Civic Center during Open House and day of sale. This property is subject to Home Owners Association. Buyer(s) must join Home Owners Association and abide by their rules and regulations and pay appropriate fees. Blackberry Ridge is a Planned Unit Development and is subject to the terms and conditions of the Master Deed and the Horizontal Property Act. Cabins must be built in designated areas as shown on recorded map.

SALE #14 – LOTS 1054 & 2423 OF BANEBERRY TN NEAR WHITE PINE TN

Property zoned City of Baneberry, TN. No new survey, selling from recorded maps. Per City of Baneberry, utility water is available. Per Jefferson County Health Department, there was no record found of septic approval. Buyer(s) of these tracts are buying “as is” and would be responsible for obtaining possible septic approval. See copy of restrictions available online and at Civic Center during Open House and day of sale.

SALE #15 – LOTS 1041, 1047 & 2100 OF BANEBERRY TN NEAR WHITE PINE TN

Property zoned City of Baneberry, TN. No new survey, selling from recorded maps. Per City of Baneberry, utility water is available. Per Jefferson County Health Department, there was no record found of septic approval. Buyer(s) of these tracts are buying “as is” and would be responsible for obtaining possible septic approval. See copy of restrictions available online and at Civic Center during Open House and day of sale.

SALE #16 – LOTS 7 & 13 EAGLE SPRINGS S/D, SEVIER COUNTY TN

Property zoned R-1, Sevier County. No new survey, selling from recorded map. Utility water and sewer are available. See copy of restrictions available online and at Civic Center during Open House and day of sale. This property is subject to Home Owners Association. Buyer(s) must join Home Owners Association and abide by their rules and regulations and pay appropriate fees. Per seller, current fees are $600 per lot per year (includes garbage at centrally located resort dumpsters, use of the swimming pool/cabana, and lawn maintenance of all common areas in the resort). Eagle Springs Subdivision is a Planned Unit Development and is subject to the terms and conditions of the Master Deed and the Horizontal Property Act. Foundation located on Lot 13 is being sold “as is” no warranties or guarantees expressed or implied.

SALE #17 – LOTS 3 & 12 EAGLE SPRINGS S/D, SEVIER COUNTY TN

Property zoned R-1, Sevier County. No new survey, selling from recorded map. Utility water and sewer are available. See copy of restrictions available online and at Civic Center during Open House and day of sale. This property is subject to Home Owners Association. Buyer(s) must join Home Owners Association and abide by their rules and regulations and pay appropriate fees. Per seller, current fees are $600 per lot per year (includes garbage at centrally located resort dumpsters, use of the swimming pool/cabana, and lawn maintenance of all common areas in the resort). Eagle Springs Subdivision is a Planned Unit Development and is subject to the terms and conditions of the Master Deed and the Horizontal Property Act.

SALE #18 – LOT 3 BASKIN HEIGHTS S/D, GATLINBURG TN

Property appears to be zoned R-1, City of Gatlinburg. Lot being sold “as is.” No new survey, selling from recorded map

SALE #19 – LOT 39 SHAGBARK III S/D, SEVIER COUNTY TN

Property zoned R-1, Sevier County. See copy of restrictions available online and at Civic Center during Open House and day of sale. This property is subject to Property Owners Association. Buyer(s) must join Property Owners Association and abide by their rules and regulations and pay appropriate fees. Per Seller, current fees are $295 per lot per year (includes use of pool, tennis courts and 24 hr security in gated community, with private roads). Lot being sold “as is.” No new survey, selling from recorded map

SALE #20 – LOTS 7 & 8 BRADFORD HEIGHTS S/D, JEFFERSON CITY, TN

Property zoned R-1, Jefferson City. Utility water and sewer are available. No new survey, selling from recorded map. See copy of restrictions available online and at Civic Center during Open House and day of sale.

SALE #21a – ALL 2 LOTS SOLD FOR ONE PRICE: LOT 32A ENGLISH MTN SEC 26A & LOT 39 ENGLISH MTN SEC 28, SEVIER COUNTY TN

Property is zoned R-1, Sevier County. See copy of Restrictions available online. Buyer may have to join Homeowner’s Association and abide by their rules and regulations. Per info from East Sevier Utility District, there is a $25 per lot per year voluntary HOA fee. Lots being sold “as is.” No new surveys, selling from recorded maps. Lot 39 English Mtn Sec 28 road is inaccessible by car. Note there are only 2 lots in this Sale #21a, not 3 as previously advertised.

SALE #21b – ALL 5 LOTS SOLD FOR ONE PRICE: LOT 3 ENGLISH MTN SEC 37 & LOTS 17, 65, 67 & 69 ENGLISH MTN SEC 36, SEVIER COUNTY TN

Property is zoned R-1, Sevier County. See copy of Restrictions available online. Buyer may have to join Homeowner’s Association and abide by their rules and regulations. Per info from East Sevier Utility District, there is a $25 per lot per year voluntary HOA fee. Lots being sold “as is.” No new surveys, selling from recorded maps. Roads are inaccessible by car to all 5 of these lots.

SALE #21c – ALL 4 LOTS SOLD FOR ONE PRICE: LOTS 47, 48, 84 & 85 ENGLISH MTN SEC 29, SEVIER COUNTY TN

Property is zoned R-1, Sevier County. See copy of Restrictions available online. Buyer may have to join Homeowner’s Association and abide by their rules and regulations. Per info from East Sevier Utility District, there is a $25 per lot per year voluntary HOA fee. Lots being sold “as is.” No new surveys, selling from recorded maps. Roads are inaccessible by car to all 4 of these lots.

SALE #21d – ALL 3 LOTS SOLD FOR ONE PRICE: LOTS 57, 61 & 62 ENGLISH MTN SEC 29, SEVIER COUNTY TN

Property is zoned R-1, Sevier County. See copy of Restrictions available online. Buyer may have to join Homeowner’s Association and abide by their rules and regulations. Per info from East Sevier Utility District, there is a $25 per lot per year voluntary HOA fee. Lots being sold “as is.” No new surveys, selling from recorded maps. Roads are inaccessible by car to all 3 of these lots.

SALE #22 – LOTS ENGLISH MTN COMMUNITY, LOTS 197, 205, 207, 208, 209, 210, 217 LIN CREEK TRAILER PARK, SEVIER COUNTY TN

Property is zoned R-1, Sevier County. See copy of Restrictions available online. Buyer may have to join Homeowner’s Association and abide by their rules and regulations. Per info from East Sevier Utility District, there is a $25 per lot per year voluntary HOA fee. Lots being sold “as is.” No new surveys, selling from recorded maps.

SALE #23 – LOTS 15 & 16 COBBLY NOB CHESTNUT RIDGE II, SEVIER COUNTY, TN

Property zoned A-1, Sevier County. See copy of Restrictions available online. This property is subject to Home Owners Association. Buyer(s) must join Home Owners Association and abide by their rules and regulations and pay appropriate fees. Per Seller, current fees are $250 per lot per year. Per seller, buyer(s) have pool and lodge use rights and utility water available. See notes on map by Charles H. Freeman, RLS dated May 27, 2015.

SALE #24 – LOT 631 SKY HARBOR S/D, SEVIER COUNTY, TN

Property zoned RR-1, City of Gatlinburg. See copy of restrictions available online. This property is subject to Sky Harbor Property Owners Association. Buyer(s) must join Property Owners Association and abide by their rules and regulations. Buyer is responsible to obtain field line approval from Sevier County Health Department.

SALE #25 – 0.49 AC LOT HENSLEY HOLLOW RD, JEFFERSON COUNTY TN

Property is zoned A-1, Jefferson County. Lot being sold “as is.” No new survey, selling from tax map. Road is inaccessible by car to this lot. Buyer is responsible to obtain field line approval from Jefferson County Health Department.

SALE #26 – LOTS 24 & 26 RETIREMENT ACRES S/D, SEVIER COUNTY TN

Property is zoned R-1, Sevier County. Selling from map by Ronnie L. Sims, RLS dated June 18, 2015. Buyer(s) is responsible to obtain field line approval from Sevier County Health Department.

10% BUYERS PREMIUM TO BE ADDED TO EACH SUCCESSFUL BID

Sales 11-26 Online Only Ballroom Summer 2015 auction