Real Estate Terms:
Powell Auction will email winning bidder your contract. The successful high bidder on this property will be required to sign the Real Estate Sales Contract, Terms & Conditions and any other documents needed, upon conclusion of the bidding and will make an earnest money deposit of ten percent (10%) of the sales price. A ten percent (10%) buyer�s premium will be added to the high bid to establish the total sales price. US currency cash or approved check. The balance is to be paid in full at the deed closing. By bidding you are entering into a binding agreement.

Reliance Title will be conducting the closing. Current taxes, will be prorated at the date of closing, unless otherwise specified. Seller to provide deed. Buyer is responsible for title opinion, title insurance & recording fees. Buyer is responsible for HOA requirements, transfer fees, membership fees, if applicable. Title company closing cost to be split between buyer & seller. Buyer is to obtain his/her own financing. Sale is subject to Seller confirmation. Closing to occur on or before September 9th, 2024.

The contract will not be contingent upon financing, inspections or any other contingencies.

Powell Auction & Realty LLC and its auctioneer(s) and employee(s) are representing the seller(s) as the sellers Agent(s).

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 & age are approximate and not guaranteed. Seller and or Agent makes no warranty as to accuracy of information. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding. Tennessee Residential Property Exemption and Lead-Based Paint Waiver will be part of the sales contract. Any remaining personal property will convey at closing. **Powell Auction reserves the right to withdraw, without notice, any items in the auction at any time.**

Thank you for participating in this Powell Auction & Realty LLC Online Auction.

It is important that you familiarize yourself with these terms & conditions of Sale. If you do not agree with any of the terms and conditions stated, DO NOT BID. You will be bound by these terms and conditions. Good luck and good bidding. Agent/Auctioneer may withdraw, extend, or rearrange any property and or item(s) at their sole discretion at any time, without notice and will not be liable for any computer, internet or website malfunctions. Bidding may extend, if bids are placed within the last minute, to prevent bid sniping. Powell Auction & Realty LLC will have up to 7 DAYS to provide the Buyer with any documents to be signed, after the auction has ended. Payment must be made within 48 Hrs after being contacted by Powell Auction & Realty LLC. All properties are sold �AS IS, WHERE IS and WITH ALL FAULTS�, without any warranties expressed or implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder�s behalf. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding. We do not approve any international bidding. It is up to the auctioneer to approve or disapprove bidders.

New Bidders, please Pre-Register, we will have to approve you to Bid!

395 Robinson Lane � Decatur, TN 37322 ONLINE ONLY REAL ESTATE AUCTION The David and Lois Robinson Property 61.77+/- acres � home, �honey house� cabin & barns offered in 6 tracts and as a whole BIDDING BEGINS TO CLOSE: Thursday, August 8th at 12:00PM � Noon (ET) OPEN HOUSE: Tuesday, August 6th from 1-4PM (ET) 61.77+/- acres � home, �honey house� cabin & barns offered in 6 tracts and as a whole Selling on behalf of the Lois Marie Hutchison Robinson Estate Beloved property belonging to well-respected Decatur community members David and Lois Robinson Mr. Robinson was well-known for his local honey that he harvested and sold for many years This gorgeous land is a combination of cleared and wooded land Conveniently located just off of Hwy 58, yet has a private and country feel Awesome buying opportunity for an incredible property A $1,200.00 SURVEY ORIGINATION FEE WILL BE ADDED TO EACH TRACT TO BE INCLUDED IN THE TOTAL SALES CONTRACT PRICE AND PAID BY THE BUYER AT CLOSING ($7,200.00 IF PURCHASED AS A WHOLE) For the property to sell as a whole, the bid price must exceed the total of the individual tracts by 5% TRACT 1 | 395 ROBINSON LANE � Home, �Honey House� Cabin, Barns & 5.01+/- acres Home � �Honey House� Cabin � Detached Garage � Barns � 5.01+/- acres Lovely single owner mid-century Crab Orchard stone ranch style home Approx. 1538 SF Detached 2-car garage �Honey House� Log Cabin that was where Mr. Robinson processed his local honey for many years Greenhouse building Multiple barns and equipment sheds One owner home built in 1950 190.34' +/- of road frontage Portion of current Meigs County Parcel/Tax ID: 037 044.00 A $1,200.00 SURVEY ORIGINATION FEE WILL BE ADDED TO EACH TRACT TO BE INCLUDED IN THE TOTAL SALES CONTRACT PRICE AND PAID BY THE BUYER AT CLOSING TRACT 2 | 9.59+/- acres 9.59+/- acres Undeveloped wooded land 50.20�+/- of road frontage Portion of current Meigs County Parcel/Tax ID: 037 044.00 A $1,200.00 SURVEY ORIGINATION FEE WILL BE ADDED TO EACH TRACT TO BE INCLUDED IN THE TOTAL SALES CONTRACT PRICE AND PAID BY THE BUYER AT CLOSING TRACT 3 | 18.69+/- acres 18.69+/- acres Undeveloped wooded land 50.20�+/- of road frontage Portion of current Meigs County Parcel/Tax ID: 037 044 A $1,200.00 SURVEY ORIGINATION FEE WILL BE ADDED TO EACH TRACT TO BE INCLUDED IN THE TOTAL SALES CONTRACT PRICE AND PAID BY THE BUYER AT CLOSING TRACT 4 | 15.08+/- acres 15.08+/- acres Undeveloped wooded land 234.27�+/- of road frontage Portion of current Meigs County Parcel/Tax ID: 037 044 A $1,200.00 SURVEY ORIGINATION FEE WILL BE ADDED TO EACH TRACT TO BE INCLUDED IN THE TOTAL SALES CONTRACT PRICE AND PAID BY THE BUYER AT CLOSING TRACT 5 | 8.32+/- acres 8.32+/- acres Undeveloped mostly cleared land 54.27�+/- of road frontage Portion of current Meigs County Parcel/Tax ID: 037 044 A $1,200.00 SURVEY ORIGINATION FEE WILL BE ADDED TO EACH TRACT TO BE INCLUDED IN THE TOTAL SALES CONTRACT PRICE AND PAID BY THE BUYER AT CLOSING TRACT 6 | 5.08+/- acres 5.08+/- acres Undeveloped mostly cleared land 285.96�+/- of road frontage Portion of current Meigs County Parcel/Tax ID: 037 044 A $1,200.00 SURVEY ORIGINATION FEE WILL BE ADDED TO EACH TRACT TO BE INCLUDED IN THE TOTAL SALES CONTRACT PRICE AND PAID BY THE BUYER AT CLOSING