Property 1 Real Estate Auction

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Estate of J.O. Sims

Real Estate

Auction Saturday • January 22nd • 2011 • 10:00 am

Auction Held at H.A. Alexander Recreation Center - Court Street, Moulton, Alabama

Real Estate Auction Estate of J.O. Sims Lawrence County, Alabama 13+/- acres located on CR-70 in Bankhead National Forest 10.45+/- Acres in Moulton, Alabama 3.3+/- Acres located on Alabama Highway 33 in Moulton, Alabama 139+/- acres located in the Youngtown Community Auction for all properties will be conducted at H.A. Alexander Recreation Center, West Court Street, Moulton, AL Call 256.353.7525 for more information

300 Market Street NE • Suite 3 • Decatur, Alabama 35601 • (256) 353.7525 phone • (256) 350.9100 fax Chuck Crump, CAI, AARE, AAL #1539; E. Lee Barran, AAL #2615; Emmette Barran, CCIM, AAL #2616

Property 1 Real Estate Auction

13+/- acres located on CR-70 in Bankhead National Forest near Pine Torch Church

2100 County Road 70, Moulton, AL • 13+/- Acres • Selling as a whole • Road frontage on • CR-70 & CR-73 • Adjacent to Bankhead National Forest

Property 2 Commercial/Industrial Acreage 10.45+/- Acres at 15127 Court Street, Moulton, Alabama 10.45 +/- Acres in 1 Tract All Utilities Zoned M-1 Light Industial

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Businesses in Immediate Area Foodland CVS

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Bank Independent Regions Bank John’s Bar-B-Que Elliott Funeral Home McDonald’s Walmart Hardee’s Guthrie’s KFC CBS Bank

10.45 Acres

Property 3 Investment Property

3.3+/- Acres located on Alabama Highway 33 in Moulton, Alabama

17961 17961 Alabama Alabama Highway Highway 33, 33, Moulton, Moulton, AL AL • • 3.3+/3.3+/- Acres Acres • • Selling Selling as as aa whole whole • • Road Road frontage frontage on on Hwy Hwy 33 33 • • Residential Residential Tract Tract

Property 4 Recreation Property

139+/- acres in 4 tracts located in the Youngstown Community

Adjacent to Bankhead Forest

11573 County Road 7, Moulton, AL • 139+/- Acres • Selling in 4 tracts • Road frontage on County Roads 7 and 59 • Recreational Tract

Important Information: Terms and Conditions Bidding All bidding is open to the public. Everyone must register for a bidder number. Bidder registration will begin one hour prior to auction. Payment should be by personal or business check. Auctioneer represents seller in all transactions. Deposits Each purchaser shall make a non-refundable down payment at the conclusion of the auction equal to 20% of the contract sales price. The sale is not contingent upon financing. Upon acceptance by Sellers the deposit is non-refundable. Closings Balance of purchase price due at closing by Sellers’ appointed closing agent within 30 days. Seller will prepare a warranty deed. All other closing costs will be the purchaser’s expense. Taxes will be prorated from date of closing. Conditions A 10% Buyer’s Premium will be added to the final bid price and included in the total purchase price. All property to be sold “As Is, Where Is”, with any and all faults and no implied warranties by Seller or Auctioneer. All information and dimensions were derived from sources believed correct but are not guaranteed. Buyers shall rely on their own information, judgment and inspection of the property and records and documents recorded in the Lawrence County Courthouse. All announcements from the auction block will take precedence over any previously printed material or any other oral statement made. Conduct of the auction and

increments of bidding are at the direction of the auctioneer. The selling price of each property shall be determined by competitive bidding at the auction. Sellers reserve the right to withdraw the property without notice.

300 Market Street NE Suite 3 Decatur, Alabama 35601 256.353.7525 phone 256.350.9100 fax www.amerisouthauctions.com

Survey Fees Survey Fees are the responsibility of the purchaser and are due on auction day. Order of Auction Individual Tracts - To be offered by the dollar using the “High Bidder Choice “ method. The auctioneer reserves the right to offer individual tracts, in combination of tracts and as a whole but is not obligated to do so. The successful bidder can pick any number of tracts or all tracts, but the auctioneer reserves the right to offer the property back as a whole with a 5% raise. Combination - When tracts are combined, the total of the highest bid for all the tracts are added together and raised 5%, and this amount is the opening bid for this combination of tracts. As A Whole - After all combination requests are competitively bid upon we will accumulate the highest bids for all individual tracts or by combinations and add a 2% raise to arrive at the opening bid in its entirety. Financing Financing is available to prequalified buyers through Ken Baggett at First South Farm Credit (256) 974-1124 or Heath Davis At Alabama Farm Credit (256) 381-5512.

Chuck Crump, AAL# 1539 E. Lee Barran, AAL# 2615 Emmette Barran, CCIM, AL# 5076 Michael Nance, AAL# 2772

George Barran, AAL# 2729 Don Shelton, AL# 5074 Paul Rogers, AAL# 2758 Carole Crump, AAL# 2759

REAL ESTATE Subject to Approval of the Probate Court.

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Saturday January 22, 2011 10:00 am

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Auction Held at H.A. Alexander Rec. Center Court Street, Moulton, AL

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Selling 165.75 +/- Acres in 6 Tracts, Suitable for Recreational, BUILDING AND COMMERCIAL USES. ty

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Let us do an Auction for you.

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Please call 256.353.7525 for more information.

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