Union City, TN 38261 - Obion County

AUCTION

WEDNESDAY, SEPTEMBER 16TH AT 10:30 AM

AUCTION SITE: TO BE CONDUCTED AT THE OBION COUNTY COURTHOUSE STEPS IN UNION CITY, TN.

DIRECTIONS TO FARM: BETWEEN UNION CITY AND DYERSBURG TN., TURN WEST OFF US HWY 51 AT OBION ON ELBRIDGE- OBION RD., GO 3 MILES THEN NORTH ON HWY. 183 3.2 MILES TO THE FARM. ALSO 1 1/2 MILE SOUTH OF HORNBEAK. WATCH FOR SIGNS.

644 +/- ACRE FARM

IN OBION COUNTY, TN

JUST SOUTH OF HORNBEAK

PROPERTY FEATURES:

644 CONTIGUOUS ACRES

260 ACRES OF PASTURE

CATTLE WORKING FACILITY

16 TILLABLE ACRES

EXCELLENT HUNTING TRACTS

SELLING IN 4 TRACTS

359 ACRES OF WOODS & TIMBER

EXTENSIVE FENCING (SOME GUARDRAIL FENCING)

AMPLE ROAD FRONTAGE

HOME SITES

Terms: The purchaser shall pay 10% of the purchase price as a down payment at the auction site at the conclusion of bidding. The balance is due with

delivery of the deed on or before October 16th, 2020.

Evidence of Title: The Buyer will be responsible for any fees associated with the owners title insurance policy if one is desired. Tract 1 to be conveyed by

Successor Trustees Deed. The Trustee does not provide merchantable title. Seller agrees to provide merchantable title on tracts 2, 3 and 4 subject to

matters of record, general conditions of title and similar related matters. All tracts are sold AS IS.

Real Estate Taxes: The 2019 property taxes shall be paid by the Seller. 2020 taxes due and payable shall be the

responsibility of the Buyer.

Closing: Closing shall occur on or before October 16th, 2020 at a location designated by the Seller.

Mineral Rights: All mineral rights owned by the Seller, if any, are included with the sale of the land.

Possession: Possession shall be granted to the successful bidder at closing.

Acreage: All tract acreages and proposed boundaries are approximate and have been based o of legal descriptions, tax records, aerial maps and other

documents.

Disclaimer: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement.

ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY

PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. THE PROPERTY IS SOLD AS IS, WHERE IS. No warranty of representation,

either express or implied, or arising by the operation of law concerning the Property is made by the Seller and the Auctioneers and are hereby expressly

disclaimed. In no event shall the Seller or Auctioneer/Broker be liable for any consequential damages. The information contained herein is believed to be

accurate but subject to verification by all parties relying on it. Seller and Auctioneers assume no liability for its accuracy, errors and omissions. All

boundary lines and dimensions are approximate. Seller and Auctioneer reserve the right to preclude any person from the bidding if there is any question,

in the sole judgment of the Seller and Auctioneers, as to such persons creditworthiness, ability or willingness to close on the purchase of the property,

credentials, fitness, etc. All decisions of the Auctioneer are final.

There is NO BUYERS PREMIUM. Normal and customary closing costs will apply.

The auction will be held onsite in accordance with the Covid-19 guidelines and restrictions set forth by the Governor.

ERICKA R. BARNES, AS SUCCESSOR TRUSTEE AND PEOPLES NATIONAL BANK.

KURTZ AUCTION & REALTY COMPANY 1-800-264-1204