Bank Owned Auction: Online Only - Over 100 Properties Nationwide - National Real Estate Auction - Commercial, Residential, Investment, Recreational and More! - Bank Portfolio 3

PROPERTY IS OFFERED UNDER THE SPECIFIC TERMS PROVIDED IN THE PURCHASE CONTRACT.<br>
PLEASE READ AND REVIEW THE CONTRACT THOROUGHLY PRIOR TO BIDDING ON ANY PROPERTY. IF<br>
YOU HAVE NOT READ AND REVIEWED THE CONTRACT FOR SALE OF REAL ESTATE, DO NOT BID.<br>
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These are the Bidding Increments:<br>
$0 - $100 = $1 Increment<br>
$100 - $500 $10 Increment<br>
$500 - $1,000 = $25 Increment<br>
$1,000 - $3,000 = $100 Increment<br>
$3,000 - $10,000 = $250 Increment<br>
$10,000 - $100,000 = $500 Increment<br>
$100,000+ = $1,000 Increment<br>
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AUCTION END TIMES: Comas Montgomery Realty &amp; Auction Co., Inc. Online<br>
Auctions are timed events and all bidding will close at specified time. <br>
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Comas Montgomery Realty &amp; Auction Co., Inc. <br>
Online Auctions also have an auto extend<br>
feature. Any bid placed ON ANY ASSET IN THE CATALOG in the final 5 minutes of an auction, the auction ending will<br>
be automatically extended 5 minutes from the time the bid was placed. <br>
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Example: if an auction scheduled to close at 6:00 receives a bid at 5:59, the close time will<br>
automatically extend 6:04. The auto extends feature remains active until no further<br>
bids are received within a 5 minute time frame.<br>
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AUCTION COMPANY MAY INCREASE OR DECREASE THE EXTENDED TIME AMOUNT AT ANY TIME DURING THE AUCTION UNTIL THE CLOSE OF BIDDING.<br>
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REFRESH YOUR SCREEN CONSTANTLY DURING THE CLOSING MINUTES OF THE BIDDING. USE THE ADDRESS BAR TO REFRESH.<br>
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SERVER &amp; SOFTWARE TECHNICAL ISSUES: In the event there are<br>
technical difficulties related to the server, software or any other online<br>
auction-related technologies, Comas Montgomery Realty &amp; Auction Co., Inc. reserves<br>
the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE<br>
COMPANY PROVIDING THE SOFTWARE nor COMAS MONTGOMERY REALTY &amp; AUCTION CO., INC. SHALL<br>
BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION<br>
PROPERLY FOR ANY REASON. Email notifications will be sent to registered Bidder and or Buyers with updated information as deemed necessary by Comas Montgomery Realty &amp; Auction Co., Inc.<br>
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TERMS: 10% of the final bid as non-refundable earnest money in<br>
the form of a certified check, cash or wire transfer within 72 hour of the close of<br>
auction, with the balance of purchase price due at closing. TIME IS OF THE ESSENCE Purchaser shall be<br>
responsible for all wire transfer fees. Closing will be as specified in the Contract<br>
for Sale of Real Estate. This online only auction is a CASH SALE not contingent on or<br>
subject to financing, appraisal, survey or inspections of any kind, as agreed to by<br>
Bidder and or Buyers at registration prior to bidding and specified in the Contract for<br>
Sale of Real Estate under “files” sections of the webpage. <br>
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CONTRACT FOR SALE OF REAL ESTATE: The contract is required to be fully and correctly completed, WITHOUT any modifications and properly signed.<br>
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CLOSING: Property is to be closed ON OR BEFORE JULY 2, 2012. NO EXTENTIONS. Be prepared to close. TIME IS OF THE ESSENCE.<br>
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BUYER’S PREMIUM: There will be a buyer’s premium<br>
of 10% added to the bid price to arrive at final purchase price. Example: Bid Price<br>
$100,000 plus $10,000 (10% buyer’s Fee) equals purchase price of $110,000.<br>
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AUCTION BIDDER AND OR BUYER DEFAULT: Successful Bidder and or Buyer not executing and returning<br>
the contract with earnest money deposit within 72 hours of the conclusion of the<br>
auction will be considered in default. In the event a winning Bidder and or Buyer fails to submit<br>
the signed Contract for Sale of Real Estate and earnest money deposit, the<br>
winning Bidder and or Buyer shall pay to Comas Montgomery Realty &amp; Auction Company, Inc., as damages, an amount equal to the Buyer's premium or commission percentage, as set forth in said Contract, and any and all expenses incurred by the said Comas Montgomery Realty &amp; Auction Company, Inc., for said auction. Should Buyer's earnest money check be returned for any reason whatsoever, this shall constitute an item of default, and in addition to the remedies previously stated hereinabove, Buyer shall also pay an additional penalty of five percent (5%) of the earnest money check to Comas Montgomery Realty &amp; Auction Company, Inc. Buyer shall also pay a reasonable attorney's fee and costs incurred in the collection of these monies owed by Buyer as a result of Buyer's default. Buyer shall also pay the Seller any damages caused by said breach of contract, including attorney's fees and costs. This shall not preclude the Seller from suing for specific performance of the Contract of Sale, in addition to said damages. It is specifically understood and agreed by and between the Seller and Comas Montgomery Realty &amp; Auction Company, Inc., that in the event the Buyer should default in the terms of this Contract in any manner whatsoever, that the earnest money, or sufficient sums therefor, shall be paid first to the agent for the Buyer's premium or commission percentage, and the balance, if any, to the Seller. Any disputes will be tried in a court of jurisdiction in Rutherford County, Tennessee. Comas Montgomery Realty &amp; Auction Co., Inc. reserves the right to sell to the next highest qualified Bidder and or Buyer in the event the successful high Bidder and or Buyer does not comply with the terms of the sale. By bidding on the property, buyer agrees to all terms and conditions set forth. The contract is required to be fully and correctly completed, without any modifications and properly signed. A contract that is incomplete, incorrect, or modified in any respect, is considered to be in default.<br>
Comas Montgomery Realty &amp; Auction Co., Inc. reserves the right to reject any and all bids for any reason. <br>
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Comas Montgomery Realty &amp; Auction Co., Inc. reserves the right to cancel this auction, or remove any item or lot from this auction prior to the close of bidding even if a bid has been placed.<br>
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Acceptance of Bid Prices: ALL BID ARE SUBJECT TO SELLER CONFIRMATION UNLESS NOTED AS ABSOLUTE . Successful<br>
Bidder and or Buyer(s) will be required to enter into a purchase agreement immediately following<br>
the close of the auction. Comas Montgomery Realty &amp; Auction Co., Inc. will e-mail<br>
documents to be executed and fax or e-mail back to Comas Montgomery Realty &amp; Auction Co., Inc. within 72 hours of the end of the auction. Successful Bidder and or Buyers not executing and returning contracts with earnest money deposit within 72 hours will be considered in default. Any and all inspections that a buyer may want must be completed at buyer’s expense prior to the close of the online bidding. Comas Montgomery Realty &amp; Auction Co., Inc., Agents, Representatives or Employees may bid. Comas Montgomery Realty &amp; Auction Co., Inc. reserves the right to sell to the next highest qualified Bidder and or Buyer if the winning Bidder and or Buyer is in default of these terms. Winning Bidder and or Buyer must execute the contract with no changes, modification, additions or deletion.<br>
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Title: As specified in the Contract for Sale of Real Estate<br>
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Deed: As specified in the Contract for Sale of Real Estate<br>
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Possession: As specified in the Contract for Sale of Real Estate<br>
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Real Estate Taxes and Closing Cost: UNLESS OTHER WISE<br>
STATED IN THE CONTRACT FOR SALE OF REAL ESTATE, all taxes will be prorated to day of closing using the most current available year’s tax amount. HOA fees and condominium assessments, if any, will be prorated up to the date of closing. The purchaser will pay all other closing costs associated with the purchaser’s side of the sale,<br>
including local and state recording fees and any cost associated with the purchaser’s<br>
loan.<br>
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Easements: Subject to any and all easements of record.<br>
Zoning: This property is subject to all state and local zoning ordinances.<br>
Acreage &amp; Aerial Photos: Parcel dimensions and acreages are based on legal descriptions. Aerial photos are for illustration purposes only and not surveyed boundary lines.<br>
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Bidder and or Buyer Verification: The identity of all Bidder and or Buyers will be verified,<br>
bidding rights are provisional, and if complete verification is not possible, Comas<br>
Montgomery Realty &amp; Auction Co., Inc. will reject the registration, and bidding<br>
activity will be terminated. The Seller and Comas Montgomery Realty &amp; Auction Co.,<br>
Inc. reserve the right to preclude any person from bidding if there is any question<br>
as to the person’s credentials, mental fitness, etc. Bidder and or Buyers agree to keep their username<br>
and password confidential as they are responsible for ANY and ALL activity involving<br>
their account. If the registered Bidder and or Buyer’s user name is offensive to Comas Montgomery Realty &amp; Auction Co., Inc. then Comas Montgomery Realty &amp; Auction Co., Inc. reserves the right to delete the Bidder and or Buyer from bidding. When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges. We gather aggregate information from this web site which may include but is not limited to: number of page visitors, most visited pages, any and all correspondence.<br>
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Agency: Comas Montgomery Realty &amp; Auction Co., Inc.,<br>
Agents and Representatives are agents of the Seller. Buyer and or Bidder and or Buyer agrees to<br>
hold harmless and indemnify Comas Montgomery Realty &amp; Auction Co., Inc. and its<br>
Agents and its Representatives from any and all claims, damages or suits including<br>
but not limited to awards, judgments, costs, fees, etc.<br>
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NEW DATA,<br>
CORRECTIONS, AND CHANGES: Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property<br>
information. Disclaimer &amp; Absence of Warranties: The property is being<br>
sold on an “AS IS, WHERE IS” basis, and no warranty or representation either<br>
expressed or implied, concerning the property is made by the Seller or Comas<br>
Montgomery Realty &amp; Auction Co., Inc., Agents or Representatives. All sketches and<br>
dimensions in the brochure are approximate. Each potential Bidder and or Buyer is responsible for<br>
conducting his or her own independent inspections, investigations, inquiries, and due<br>
diligence concerning the property. The information contained in the brochure and on<br>
the website is subject to verification by all parties relying on it. No liability for<br>
its accuracy, errors, or omissions is assumed by the Seller, Comas Montgomery Realty<br>
&amp; Auction Co., Inc., Agents or Representatives. Conduct of the auction and increments<br>
of bidding are at the direction and discretion of Comas Montgomery Realty<br>
&amp; Auction Co., Inc. All decisions of<br>
Comas Montgomery Realty &amp; Auction Co., Inc. are final. <br>
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Any dispute between Comas Montgomery Realty &amp; Auction Co., Inc., its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Rutherford County, Tennessee. By bidding on the property, buyer agrees to all terms and conditions set forth.