TERMS AND CONDITIONS

Dee Davis, Village Real Estate, Cell: (615) 202-0837 Office: (615) 383-6964 our REFERRING CO-AGENT. Thank You, Dee, and Village Realtors!

Selling: a 2-Bedroom, 1 full bath, 1,080± SF, per tax records with inclusion of the Florida Room approximately 1,300± SF, built in 1948 on a 50' x 90' lot located at 319 S Margin St. Franklin, TN 37064

All information and descriptions of the property is approximate, based on the current tax records or third-party information, and is not guaranteed or warranted, either expressed or implied by the Auction Agent.

ONLINE AUCTION TERMS:
1) There is NO BUYER'S PREMIUM.
2) Cash. A 10% earnest money deposit of the Final Contract Amount will be required and as partial payment in cash or check, balance at closing in thirty days, or as soon after as the Closing Agent designates. The Closing Agent is Ruby Title and Escrow, (615) 383-2903.
3) All financial arrangements must be made prior to bidding to close "As-Is" without contingencies, in thirty days, or as soon thereafter as the closing agent designates. Buyers are permitted to inspect or have the property inspected, at the buyer's risk and expense, to their satisfaction and use without damage to the property at a scheduled time prior to the Sale. We require that all results and subjective opinions be kept confidential to avoid damages and litigation.
4) The seller reserves the sole right to accept or reject any and all bids including those above a published reserve. The seller may accept any registered high bid or accept any offer presented at any time before the Sale resulting in the cancelation of the Live Online Auction.
5) In all matters this property is selling like all public auctions "as-is, where-is," and active bidding starts with the posting and may close at any time at the direction of the seller. It is the responsibility of Bidders and Buyers to fully inspect and research all facts and features of the property being sold to their own satisfaction and use PRIOR to bidding or bid waiving the right of inspection. This property is selling strictly 'AS - IS' without, or subject to contingencies, guarantees, or warranties expressed, or implied by the Woodmont Auctions and associated agents.
6) A 2% Buyer's Agent's Fee is available to any licensed real estate person who delivers a Buyer's Agent's Agreement signed by a bidder participating in the Online Sale/Auction, and reception is acknowledged by Woodmont Auctions in writing, prior to the day of the Online Sale/Auction. No Buyer's Agencies will be accepted the day of the Sale before the sale.
7) THE SELLER WILL PAY FOR: the warranty deed, insured title, closing statement and their pro-rata part of the current and any back taxes if applicable.
8) THE BUYER WILL PAY FOR: recording the warranty deed, any costs the Buyer incurs in their own financing and their pro-rata part of the 2020 taxes.
9) TOTAL TAXES FOR 2019: City: $ $334.94; County: $ $1,566.65; Special School District: $879.80, TOTAL: $ $2,781.39
10) USE AND ZONING: residential use, zoned R-4, and is located within the City of Franklin Historic Preservation Overlay District
11) FLOOD ZONE: X Minimal Area of minimal flood hazard, usually depicted on FIRMs as
above the 500-year flood level per Tax Records.
UTILITIES: water, septic,
12) HEAT/COOL: dual HVAC
13) SCHOOLS:
Elementary 1: Franklin Elementary
Middle/JR: Freedom Middle and Intermediary
High: Centennial High School
14) Since the property was built prior to 1978 lead based paint is present. The Federally required forms and pamphlets are provided and as a part of the contract the seller will be required to sign a lead-based paint disclosure letter waiving their right to a ten-day period for inspection for lead based paint.
15) POSSESSION: date of deed
16) SUBJECT TO any restrictions, easements, and/or any other limitations of record.
17) THE BUYER is responsible for obtaining their own permits for improvements whatsoever.
18) The Seller, or the Seller through our Brokerage Company may require any bidder or prospective bidder to provide proof of financial responsibility or legal capacity to contract and close this Sale within the time and terms announced.
NOTICE: In the event of a technological failure or lack of electronic communication at the time of the Online Auction, and the bidder cannot attend in person, register online, and place your highest bid to be incrementally processed automatically at announced preset minimum raises to your own determined limit, or prior to the Sale/Auction email your highest bid to be entered incrementally, with your name, address, and cellular phone number to frank@ffbaugh.com. We will inform you of the results as soon as possible.

SALE NOTICE: The Online Auctioneer reserves the right to control the size of the bids to open and conduct the Live Online/Auction Sale for the sake of overall speed of sale and clarity. Announcements at the time of the Live Online/Auction Sale take precedence over all prior advertising. The Live Online/Auction Sale may be changed, canceled, postponed, or rescheduled at any time without notification. Be sure to check back for any possible changes.

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BIDDING NOTICE
NO BUYER'S PREMIUM. It is the bidder's responsibility to fully inspect all facts and characteristics of the property to their full satisfaction and use before bidding or bid waiving the right of inspection. The seller reserves the sole right to accept or reject any and all bids including those above a published reserve. The seller may accept any registered bid, or offer, made at any time resulting in the cancelation of the Live Online Auction.


AUCTION NOTICE
The Live Online Auctioneer reserves the right to control the size of the bids to open and conduct the Live Online Auction Sale for the sake of overall speed of sale and clarity. Announcements at the time of the Live Online Auction Sale take precedence over all prior advertising. The Live Online Auction Sale may be changed, canceled, postponed, or rescheduled at any time without notification. Be sure to check back for any possible changes.

PREFERRED LIVE AND ONLINE AUCTION SALE Two Bedroom, 1 Bath Home 319 S Margin St. Franklin, TN 37064 Saturday, September 12th, Open House at 1:00 PM, CT The Sale Starts 3:00 PM, CT Pre-Sale offers entertained (MLS #: 2180187) Presenting a rare opportunity to own this fine home built in 1948, located in Historic Downtown Franklin, TN at YOUR price! This home is in very good condition, a perfect downsizer, or investor home within a short two-block walk of the Square and Main St. of Downtown Franklin, TN. Pre-sale bids, or offers, will be presented and considered up until 5 PM the day before the Sale. This two-bedroom, one-bath home has 1080± per tax records, and including the Florida Room, approximately 1,300± Square feet. It has been very well maintained and is in move-in condition, though there is room for updating. The yard is "Goldilocks' range" in size - just right at 50 feet wide by 90 feet deep and ready to be landscaped to taste. The home features Central electric heat and air, City water and sewer. PROPERTY DIRECTIONS: From Nashville take I-65 South to Franklin exit 65. Go west on Hwy. 96 toward Franklin over the Harpeth River and the Railroad tracks to S Margin. Turn left to sale on left. Or from the Square in Franklin take Third Ave. South to right on S Margin, sale on left. ALL INFORMATION IS APPROXIMATE BASED ON CURRENT TAX RECORDS, OR THIRD-PARTY INFORMATION, AND NOT GUARANTEED OR WARRANTED. It is the responsibility of Bidders and Buyers to fully inspect and research all facts and features of the property being sold to their own satisfaction and use prior to bidding or bid waiving the right of inspection. This property is selling strictly 'AS - IS' with no contingencies, guarantees, or warranties expressed, or implied by the Selling Agents, or subject to financing, except any conditions or contingencies the Seller may except and evidenced in writing prior to the Sale. NOTE: Available for individual offers (MLS #: 2180187) and Buyer's Agent participation with a 2% fee offered on presale offers and as Buyer's Agent for a bidder. Notice of Buyer's Agency must be signed and received PRIOR to the day of the Online Sale. Buyer's Agency will not be accepted the day of the Online Sale before the Sale. Contact us for showings and inspections. The seller reserves the sole right to accept or reject any and all bids including those above a published reserve. The seller may accept any registered bid, or offer, made at any time resulting in the cancelation of the Live Online Auction. The Live and Online Auction Sale will be held onsite. The public is welcome and encouraged to attend and bid in person subject to current State and Federal COVID 19 rules. Bids may be entered for live bidders as "Floor Bidder" with registration onsite at the Live and Online Sale. The property will be open to the public for inspection at 1 PM. The Live Onsite and Online Sale/Auction starts at 3 PM, Central Time. Register to bid online through ffbaugh.com on the "woodmontauctions.hibid.com" tab. Be sure to read ALL the announcements of the Sale. See the following Online Sale/ Auction Announcements for terms and conditions. ALL BIDDERS/BUYERS: It is the responsibility of the bidders to inspect the property, or have it inspected on your behalf and at your expense, PRIOR TO BIDDING or bid WAIVING THE RIGHT OF INSPECTION. For inspections, showings, and assistance contact Frank F. Baugh, Realtor and Auctioneer, #2435, Berkshire Hathaway HomeServices, 5107 Maryland Way, Suite 100, Brentwood, TN 37027, Office, (615) 661-7800, Direct, (615) 347-4705, frank@ffbaugh.com, website: ffbaugh.com OR FOR SHOWINGS CONTACT: Dee Davis, Village Real Estate, Cell: (615) 202-0837 Office: (615) 383-6964 our REFERRING CO-AGENT. Thank You, Dee, and Village Realtors! NOTICE: In the event of a technological failure or lack of electronic communication at the time of the Online Auction, and the bidder cannot attend in person, before the Sale, register online, and place the maximum bid to be incrementally applied not surpassing the maximum limit entered. This must be received by 5 PM CT the day before the Sale! BIDDING NOTICE: NO BUYER'S PREMIUM. It is the bidder's responsibility to fully inspect all facts and characteristics of the property to their full satisfaction and use BEFORE bidding or bid waiving the right of inspection. The seller reserves the sole right to accept or reject any and all bids including those above a published reserve. The seller may accept any registered bid, or offer, made at any time resulting in the cancelation of the Live Online Auction. AUCTION NOTICE: The Live Online Auctioneer reserves to the right to open and conduct the Live Online Auction Sale and the right to control the size of the bids and for the sake of overall speed of sale and clarity. Announcements at the time of the Live Online Auction Sale take precedence over all prior advertising. The Live Online Auction Sale may be changed, canceled, postponed, or rescheduled at any time without notification. Be sure to check back for any possible changes.