Table of Contents. 1. Property Overview. 2. Real Estate Terms & Conditions. 3. Plat of Record. 4. Tax Information. 5. Utility Information

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1 DISCLAIMER This Bidder s Information Packet is solely intended to provide interested parties with preliminary information only and is not a solicitation of offers and does not constitute an offer to sell. The delivery of this material to any person shall not create any agency relationship between such person and Furrow Auction Company. The information included herein is believed to be correct, but it is not guaranteed; some of the information furnished is from outside sources deemed to be reliable but is not certified as accurate by the seller or Furrow Auction Company. All of the information contained herein is subject to corrections, errors and omissions. All bids must be based on the bidder s own investigation of any property offered herein and not on any representations made by any selling broker or any other party. Neither seller or Furrow Auction Company makes any representation or warranty, express or implied, with respect to the property identified herein, and the property is being sold in an AS-IS, WHERE-IS, WITH ALL FAULTS condition except as specifically stated in the purchase and sale contract. This property is offered for sale to qualified purchasers without regard to potential purchaser s race, color, religion, sex, marital status or national origin. All announcements made at the auction or in the bid offering take precedence ov er any other information or printed material. Property may be added or deleted without notice or penalty. All prospective bidders are specifically advised to refrain from exclusive reliance on the information provided herein as a basis for making a bid on the property. Prospective purchasers are further encouraged to conduct a personal inspection of the property which they contemplate purchasing.

2 Table of Contents 1. Property Overview 2. Real Estate Terms & Conditions 3. Plat of Record 4. Tax Information 5. Utility Information 6. Zoning Information 7. School Information 8. Title Commitment 9. Sample Sale Day Contract 10. Sample Deed

3 Online Bidding Real Estate Terms and Conditions Bidding Opens: January 26 th at 2:30 pm Location: 742 High Point Way, Knoxville, Tn Inspection: Shown by Appointment Only Payment: The Successful bidder shall pay an amount of 10% of the purchase price (including Buyer s Premium) (Earnest Money) and is due by 4pm on January 26, 2017 in the form of cash, cashier s check or wire transfer, plus a real estate sales contract must be signed. Balance is due in certified funds at closing. NO EXTENSIONS AVAILABLE. Buyer s Premium: There is a 13% Buyer s Premium in effect for this auction. Terms for Online Bidding: The online registration will need to be completed, including credit card information which will be verified and approved, and the credit card will be charged $1.00 for this process. If you are the successful bidder and do not deliver the earnest money as outlined above, a charge of 10% of the Purchase Price will be placed on the credit card plus a 3% credit card fee. The card is for verification purposes to ensure we have serious bidders. The balance of the contract price will be paid in full at closing no later than 20 days from date of contract. The successful online bidder will be notified immediately following the closing of the auction and issued the sales contract. The executed sales contract shall be submitted per the instructions received with the contract. If you have any questions, please call our office at BUYER S PREMIUM: A 13% buyer s premium will be added to the high bid. Example: For each $10,000 a 13% buyer s premium of $1,300 will be added to arrive at the total purchase price. AGENCY: Furrow Auction Company, auctioneer/broker, is acting exclusively as agent for the seller. CLOSING ATTORNEY: Closings will be conducted by Tennessee Valley Title, Knoxville, TN., Tracey Axtell, Phone # Taxes to be pro-rated at closing. Buyer shall pay: (1) all title examination updates and insurance (at Buyer s option and expense); (2) one-half closing fee; (3) recording of deed. For questions regarding closings contact Rob Strickland, Furrow Auction Company, or rob@furrow.com. DISCLAIMER: Property is selling as-is, where-is with all faults and is selling subject to easements, leases, restrictions, covenants, conditions, zoning HOA and POA fees and all other matters which would be revealed by a current survey or an inspection of the property or which is contained in public records. Seller reserves the right to cancel the sale. Property will be conveyed by a Warranty Deed. Information contained herein was obtained from sources deemed reliable. The seller and their agents reserve the right to place bids on the property up to the seller s reserve at their sole discretion. The property will sell as-is, where-is with no warranty, expressed or implied, as to improvements, soil condition, environmental and wetlands, or zoning. No personal property conveyed with real estate. Neither the seller, Furrow Auction Company nor their agents will be responsible for any errors or omissions herein. Bidders should carefully verify all information and make their own decisions as to the

4 accuracy thereof before submitting their bid. Purchaser or purchaser s representative will acknowledge by signature of the Contract of Sale they have inspected the property. The terms of the Contract of Sale are controlling in the event of any perceived inconsistency between its terms and any statements or other advertisement. Cash Sale: This is a cash sale and is not contingent on Purchaser s ability to obtain financing. Possession: Purchaser will receive possession at closing. No New Survey: The Property shall be conveyed by the existing legal description. Equal Opportunity Clause: All bidding is open to the public. The property is available to qualified purchasers without regard to a prospective purchaser s race, color, religion, sex, material status, national origin, or physical handicap. Debt Collection and Interest Charge: The bidder agrees to pay all reasonable attorney fees and other costs incurred by Furrow Auction Company in its efforts to collect unpaid funds from the bidder. The bidder agrees that a fee of 2% of the outstanding balance per month be added to any unpaid balance due Furrow Auction Company. Any debt collection or dispute proceedings will be heard in Knox. County. Guaranty Agreement: By submitting a bid in the name of a business entity or corporation, the individual submitting the bid enters into a guaranty agreement whereby he or she personally guarantees payment of any bid amount not paid when due by the business entity or corporation, for any reason, together with all collection expenses incurred to enforce collection, including a reasonable attorney s fee. Age Requirement: All bidders must be 18 years of age or older.

5 KGIS - Property Map and Details Report H... Page 1 of 1 12/21/ HIGH POINT WAY - Property Map and Details Report Property Information Address Information Owner Information Location Address: 742 HIGH POINT WAY CLT Map: 69 Insert: H Group: B Condo Letter: J Parcel: Parcel ID: 069HB03302J Parcel Type: District: 38 Ward: 38 City Block: Subdivision: RALEIGH COURT CONDOS PH-14 UNIT 57 Rec. Acreage: 0 Calc. Acreage: 0 Recorded Plat: Recorded Deed: Deed Type: Deed:Gift Deed Deed Date: 8/29/2016 Site Address: Address Type: Site Name: 742 HIGH POINT WAY KNOXVILLE CONDO RALEIGH COURT TAYLOR APRIL SUZANNE 1494 OFFUTT RD CLINTON, TN The owner information shown in this section does not necessarily reflect the person(s) responsible for Last Year's property taxes. Report any errors to the Knox County Property Assessor's office at (865) Jurisdiction Information MPC Information County: City / Township: Political Districts KNOX COUNTY Knoxville Census Tract: 40 Planning Sector: North City Please contact Knox County Metropolitan Planning Commission (MPC) at (865) if you have questions. School Zones Voting Precinct: 37 Voting Location: Inskip Elementary School 4701 HIGH SCHOOL RD TN State House: 13 Eddie Smith TN State Senate: 5 Randy McNally County Commission: 2 Michele Carringer Bob Thomas Ed Brantley City Council: 5 Mark Campen School Board: 2 Jennifer Owen Please contact Knox County Election Commission at (865) if you have questions. Elementary: INSKIP ELEMENTARY Intermediate: Middle: GRESHAM MIDDLE High: CENTRAL HIGH Please contact Knox County Schools Transportation and Zoning Department at (865) if you have questions. Disclaimer: KGIS makes no representation or warranty as to the accuracy of this map and its information nor to its fitness for use. Any user of this map product accepts the same AS IS, WITH ALL FAULTS, and assumes all responsibility for the use thereof, and further covenants and agrees to hold KGIS harmless from any damage, loss, or liability arising from any use of the map product. Independent verification of all information contained on this map should be obtained by any user. Proprietary Info: The map products and databases on this Web Site have been copyrighted by the KGIS Policy Board. The KGIS Policy Board hereby reserves all rights thereto, and no portion of the products or databases on this Web Site may be reproduced in any form or by any means without the express written authorization of the KGIS Policy Board or its authorized agents.

6 Property Details Page 1 of 2 12/21/2016 Welcome Property Lookup LOGIN YOU ARE HERE: Property Lookup Property Details Go Back Recent Sales Property Report GIS Maps Map Aerial Topo FEMA FREE ROBERT L & GAZEL W 742 HIGH POINT WAY KNOXVILLE TN Property ID 069HB03302J Alternate ID Address 742 HIGH POINT WAY Property Class 124 CONDO-UNIT Neighborhood DOGWOOD GARDENS Deed Acres Year Reason Tax Freeze Reappraisal Reappraisal Tax Freeze Tax Freeze Change - Informal - Allocation Allocation removed Hearing Countywide Conversion Land Val $5,000 $5,000 $5,000 $18,000 $18,000 $18,000 $18,000 $18,000 $ Imp Val $83,000 $83,000 $90,200 $89,500 $89,500 $89,500 $89,500 $89,500 $ Total Appr $88,000 $88,000 $95,200 $107,500 $107,500 $107,500 $107,500 $107,500 $1 Land Assd $5,000 $5,000 $5,000 $18,000 $18,000 $18,000 $18,000 $18,000 $ Land Use $0 $0 $0 $0 $0 $0 $18,000 $18,000 $ Imp Assd $83,000 $83,000 $90,200 $89,500 $89,500 $89,530 $89,533 $89,533 $ Total Assd $88,000 $88,000 $95,200 $107,500 $107,500 $107,530 $107,533 $107,533 $1 Book Page Date Owner Grantee Deed Type Vacant Land Sale Price /7/2006 E DOYLE JOHNSON CONSTRUCTION CO FREE ROBERT L & GAZEL W WD A - Ac No $0 R01 Attributes Floor Areas Exterior Features Story Attribute Detail Type 26 TWNHOUSE-END Occupancy Condo - Owner Roof Structure Gable Roof Cover Asphalt shingles Heating Heat pump A/C Central air Stories 1 Bedrooms 2 Bathrooms 2 1 Exterior Wall (25%) Brick 1 Exterior Wall (75%) Vinyl siding 1 Interior Wall Drywall 1 Interior Flooring Base Allowance

7 Property Details Page 2 of 2 12/21/2016 Address 742 HIGH POINT WAY Type 26 TWNHOUSE-END Grade Avg Year Built 2005 Value $83,000 Improvements do not exist for this account. Primary Use Land Type Acres Eff. Frontage Eff. Depth Appr. Value AC-Primary ,000 Line Description 0 SubdivisionName RALEIGH COURT CONDOS PH-14 UNIT 57 MapPlatB MapPlatP Copyright 2016 by Thomson Reuters Privacy Statement Terms Of Use V10

8 Property Report Wednesday, December 21, High Point Way, Knoxville, TN Knox County, TN parcel# 069HB03302J Property Report Location Property Address 742 High Point Way Knoxville, TN Subdivision Raleigh Court Condos Ph-14 Unit 57 County Knox County, TN Current Owner Name Mailing Address Property Summary Property Type Land Use Improvement Type Square Feet Taylor April Suzanne 1494 Offutt Rd Clinton, TN Residential Condo Unit Single Family 1026 sf General Parcel Information Parcel/Tax ID 069HB03302J Alternate Parcel ID 6364 Account Number District/Ward CIT 2010 Census Trct/Blk 40/1 Assessor Roll Year 2015 Sales History through 12/02/2016 Date Amount Buyer/Owners Buyer/Owners 2 Instrument Quality Book/Page or Document# 08/25/2016 Taylor April Suzanne Quit Claim Deed /07/2006 Free Robert L & Gazel W Warranty Deed Accepted And Qualified Tax Assessment Appraisals Amount Taxes Amount Jurisdiction Rate Assessment Year 2015 Tax Year 2015 Appraised Land $5,000 City Taxes $ Knoxville Appraised Improvements $83,000 County Taxes $510 Knox 2.32 Total Tax Appraisal $88,000 Total Taxes $1, Total Assessment $22,000 Exempt Amount Exempt Reason Mortgage History Date Loan Amount Borrower Lender Book/Page or Document# 11/14/2008 $69,500 Free Robert L Feee Gazel W Wells Fargo /7/2006 $50,000 Free Robert L Free Gazel W Wells Fargo Bank Property Characteristics: Building COPYRIGHT 2016 COURTHOUSE RETRIEVAL SYSTEM. ALL RIGHTS RESERVED. Call (865) Information Deemed Reliable But Not Guaranteed.

9 Building # Type Condition Sq Feet Year Built Effective Year BRs Baths Rooms Stories Units 1 Single Family Good For Age Building Square Feet (Living Space) Building Square Feet (Other) 1.0 Floor Level Finished 1026 Attached Garage 240 First Story (Base) 1026 Open Frame Porch 20 Wood Deck 96 Construction Quality Average Roof Framing Gable Shape Roof Cover Deck Asphalt Shingles Partitions Cabinet Millwork Common Wall Floor Finish Foundation Slab Interior Finish Drywall Floor System Air Conditioning Central Ac Exterior Wall Brick/Vinyl Siding Heat Type Heat Pump Structural Framing Bathroom Tile Fireplace Plumbing Fixtures 10 Other Occupancy Building Data Source Property Characteristics: Extra Features No extra features were found for this parcel. 742 High Point Way, Knoxville, TN Knox County, TN parcel# 069HB03302J, cont. Property Characteristics: Lot Land Use Condo Unit Lot Dimensions Block/Lot Lot Square Feet 58 Latitude/Longitude / Acreage Property Characteristics: Utilities/Area Gas Source Gas Road Type Electric Source Topography Water Source Water District Trend Sewer Source Sewer Special School District 1 Zoning Code Special School District 2 Owner Type Legal Description Subdivision Raleigh Court Condos Ph-14 Unit 57 Plat Book/Page /4904 Block/Lot Description Subdivisionname Raleigh Court District/Ward CIT Condos Ph-14 Unit 57 Mapplatb Mapplatp Flood Zone Information Zone Code Flood Risk BFE Description X Minimal Area of minimal flood hazard, usually depicted on FIRMs as above the 500-year flood level. Zone Source: FEMA DFIRM Data Firm Panel FIRM Panel ID Eff. Date 47093C0139G 08/05/2013 COPYRIGHT 2016 COURTHOUSE RETRIEVAL SYSTEM. ALL RIGHTS RESERVED. Call (865) Information Deemed Reliable But Not Guaranteed.

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16 Tax Information 742 High Point Way Unit 57, Knoxville, TN Approx. City of Knoxville Taxes: $ Approx. Knox County Taxes: $ For more information, please contact the Knox County Trustee s Office at office at (865) or visit them at

17 Ptax Master Show VW Page 1 of 1 12/21/2016 City Real Estate Property Taxes New Search Return To Results List Taxes are levied for the calendar year and billed October 1. Taxes become delinquent on March 1. Current Tax Year 2016 Map of Property Property Address: 742 HIGH POINT WAY Appraised Value: $88, County Tax Lookup TAYLOR APRIL Owner Names: Assessed Value: $22, SUZANNE Owner Address: 1494 OFFUTT RD Tax Rate: $ / CLINTON TN $100 Property ID / Ward 069HB03302J / 38 Tax Levy: $ Subdivision: RALEIGH COURT CONDOS PH-1 4 UNIT 57 Tax Discount: $0.00 Block Lots: - /- / Tax for 2016 if paid in 12/2016 $0.00 Classification: RESIDENTIAL Taxes and Fees for Prior Years: $0.00 Calculation Date 12/21/2016 Total Balance Due: $0.00 For payment in a later month: 12/21/2016 Payment Information is correct as of 12/20/2016 Please mail payments to City of Knoxville P. O. Box 1028 Knoxville, TN **Use the Printer Icon at the top of the page to print tax report.** Recalculate Tax Summary Tax Year Receipt Number Status Last Date Paid Tax Levy Tax Balance Interest Penalty Suit Expense Court Cost Misc Fee Total PAID 10/26/2016 $ $0.00 $0.00 $0.00 $0.00 $0.00 $ PAID 10/27/2015 $ $0.00 $0.00 $0.00 $0.00 $0.00 $ PAID 10/17/2014 $ $0.00 $0.00 $0.00 $0.00 $0.00 $ PAID 10/18/2013 $ $0.00 $0.00 $0.00 $0.00 $0.00 $ PAID 11/1/2012 $ $0.00 $0.00 $0.00 $0.00 $0.00 $ PAID 10/25/2011 $ $0.00 $0.00 $0.00 $0.00 $0.00 $ PAID 10/25/2010 $ $0.00 $0.00 $0.00 $0.00 $0.00 $ PAID 11/4/2009 $ $0.00 $0.00 $0.00 $0.00 $0.00 $ PAID 10/31/2008 $ $0.00 $0.00 $0.00 $0.00 $0.00 $ PAID 11/7/2007 $ $0.00 $0.00 $0.00 $0.00 $0.00 $ PAID 11/8/2006 $ $0.00 $0.00 $0.00 $0.00 $0.00 $ PAID 3/10/2006 $35.13 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 OK This website provides tax information for the City of Knoxville ONLY. Questions regarding information provided here can be answered by calling or at citytaxoffice@knoxvilletn.gov. For County tax information, contact Knox County Trustee at or

18 Property ID: 069HB-03302J Owner(s) Mailing Address Property Address Property Class Subdivision Dimensions Block Lot Ward / District TAYLOR APRIL SUZANNE 1494 OFFUTT RD CLINTON, TN HIGH POINT WAY RESIDENTIAL RALEIGH COURT CONDOS PH-1 Tax Appraised Value Tax Assessed Value Tax Rate Total Due $ 88, $ 22, $ 0.00 Tax Year Status Date Paid Payment Balance Due 2016 PAID 11/22/ PAID 12/23/ PAID 12/22/ PAID 12/23/ PAID 12/26/ PAID 12/16/ PAID 12/21/ PAID 12/23/ PAID 11/20/ PAID 12/26/ PAID 12/28/ PAID 03/10/ Knox County Trustee Main Office: City County Building P.O. Box 70 Knoxville, TN P:

19 Utility Information 742 High Point Way Unit 57, Knoxville, TN Electricity: Knoxville Utilities Board Knoxville Utilities Board: (865) , Water: Knoxville Utilities Board Knoxville Utilities Board: (865) , Sewer: Knoxville Utilities Board Knoxville Utilities Board: (865) , Gas: Knoxville Utilities Board Knoxville Utilities Board: (865) ,

20 Zoning Information 742 High Point Way Unit 57, Knoxville, TN According to the Knoxville-Knox County Metropolitan Planning Commission, the subject property is zoned as follows: R-2: General Residential District This is a residential district to provide for medium population density. The principal uses of land may range from houses to low density multi-dwelling structures and developments. Certain uses which are more compatible functionally with intensive residential uses than with commercial uses are permitted. The recreational, religious, educational facilities, and other related uses in keeping with the residential character of the district may be permitted on review by the planning commission. Internal stability, attractiveness, order and efficiency are encouraged by providing for adequate light, air, and usable open space for dwellings and related facilities, and through consideration of the proper functional relationship to each use permitted in this district. For additional information, please contact the Knoxville-Knox County Metropolitan Planning Commission at (865) or visit them at

21 KGIS Copyright Zoning Map Printed: 12/21/2016 at 7:30:29 AM Knoxville - Knox County - KUB Geographic Information System ft KGIS makes no representation or warranty as to the accuracy of his map and its information nor to its fitness for use. Any user of this map product accepts the same AS IS,WITH ALL FAULTS, and assumes all responsibility for the use thereof, and futher covenants and agrees to hold KGIS harmless from any and all damage, loss, or liability arising from any use of this map product.

22 Knoxville, TN Code of Ordinances about:blank Page 1 of 5 12/21/ R-2 general residential district. A. B. General description. This is a residential district to provide for medium population density. The principal uses of land may range from houses to low density multi-dwelling structures and developments. Certain uses which are more compatible functionally with intensive residential uses than with commercial uses are permitted. The recreational, religious, educational facilities, and other related uses in keeping with the residential character of the district may be permitted on review by the planning commission. Internal stability, attractiveness, order and efficiency are encouraged by providing for adequate light, air, and usable open space for dwellings and related facilities, and through consideration of the proper functional relationship to each use permitted in this district. Permitted principal and accessory uses and structures. Property and buildings in an R-2 general residential district shall be used only for the following purposes: Any use permitted in an R-1 low density residential district. Duplex. Multi-dwelling structure or development. Garage apartment accessory to a principal dwelling. The finished, heated floor area of a garage apartment shall not exceed eight hundred fifty (850) square feet or fifty (50) percent of the finished, heated floor area of the principal dwelling, whichever is less. Garage apartments shall not have accessory uses or structures. Accessory uses, subject to the provisions of article V, section 4. Accessory buildings and structures, subject to the provisions of article V, section 4, with building coverage that does not exceed the building coverage of the principal building. For buildings and structures accessory to houses and duplexes, the building coverage shall be subject to the provisions of article V, section 4.C. Personal gardens. Community gardens. C. Uses and structures permitted on review. The following uses may be permitted on review by the planning commission in accordance with provisions contained in article VII, section 5: Any use permitted on review in an R-1 low density residential district. Fraternities, sororities, and denominational student headquarters. Mobile home parks, subject to the requirements set forth in supplementary regulations, article V, section 3. Nursing home or home for the aged.

23 Knoxville, TN Code of Ordinances about:blank Page 2 of 5 12/21/ Medical facility. A lodge hall, or assembly hall for a nonprofit veterans or service organization. Private day nurseries and kindergartens, as regulated in article V, section 3. Attached houses as regulated in article V, section 3. Commercial telecommunications towers. Assisted living facility. Bed and breakfast inns, provided that they are located in an historic overlay district, subject to the requirements of article V, section 3.G.9. Rooming and boarding house, subject to the requirements of article V, section 3.F.10. Halfway houses with maximum capacity of five (5) persons subject to the following standards: a. b. c. d. e. f. No other halfway house located within one (1) mile of this site. A site cannot be located within three hundred (300) feet of a park, school, or day care center. The use shall comply with all applicable city, state, and federal codes and regulations. The site shall be within one thousand (1,000) feet of an established transit route. Signs identifying a use as a halfway house are not permitted. The city police department must be provided with a written notification of the use prior to its occupancy Buildings and structures accessory to houses and duplexes, subject to the provisions of article V, section 4.C and D, with building coverage that does not exceed the building coverage of the principal building, but exceeds the maximum size for a single accessory building as a permitted use. Market gardens. Ca. Prohibited uses. 1. Storage facilities for class 1 flammable and combustible liquids (as defined by the National Fire Prevention Code) having an aggregate total of more than fifteen (15) gallons, but excluding storage facilities which are part of a motorized vehicle or pleasure craft. These requirements do not apply to storage on a construction site where such materials are to be used. D. Area regulations. All buildings shall be set back from street right-of-way lines and lot lines to comply with the following yard requirements: 1. Front yard.

24 Knoxville, TN Code of Ordinances about:blank Page 3 of 5 12/21/2016 a. b. For houses, duplexes and multi-dwelling structures and developments the minimum depth of the front yard shall be twenty-five (25) feet and in no case shall an accessory building be located to extend into the front yard. Churches and other main and accessory buildings, other than dwellings, shall have a front setback of thirty-five (35) feet. 2. Side yard. a. For single-story dwellings, located on interior lots, side yards shall be not less than eight (8) feet in width; however, the sum of the two (2) side yards shall be not less than twenty (20) feet. For dwellings of more than one (1) story there shall be side yards of not less than twelve (12) feet each. b. c. For unattached buildings of accessory use there shall be a side yard of not less than eight (8) feet; provided, however, that unattached one-story buildings of accessory use shall not be required to [be] set back more than five (5) feet from an interior side lot line when all parts of the accessory building are located more than ninety (90) feet behind the front property line. Churches and other main and accessory buildings, other than dwellings and buildings accessory to dwellings, shall [be] set back from all side lot lines a distance of not less than thirty-five (35) feet. 3. Rear yard. a. b. For main buildings, other than garage apartments, there shall be a rear yard of not less than twenty-five (25) feet. Garage apartments may be located in the rear yard of another dwelling, but shall not be located closer than ten (10) feet to the rear lot line. Unattached buildings of accessory use shall not be located closer to any rear lot line than five (5) feet. 4. Lot width. a. b. c. For houses and duplexes there shall be a minimum lot width of seventy-five (75) feet at the front building line. For multi-dwelling structures and developments there shall be a minimum lot width of one hundred (100) feet at the front building line. For lots having a width of not more than one hundred fifty (150) feet, the lot length shall not be greater than three (3) times the lot width. 5. Intensity of use.

25 Knoxville, TN Code of Ordinances about:blank Page 4 of 5 12/21/2016 a. b. c. d. For rooming and boarding houses served by a sanitary sewer system, there shall be a lot area of not less than twelve thousand (12,000) square feet. For each house, and buildings accessory thereto, served by a sanitary sewer system there shall be a lot area of not less than seven thousand five hundred (7,500) square feet. Each duplex served by sanitary sewer system shall have a lot area of not less than nine thousand (9,000) square feet. For multi-dwelling structures or developments there shall be a lot area of not less than seven thousand five hundred (7,500) square feet for the first unit, plus one thousand five hundred (1,500) square feet for each additional dwelling unit. For those structures which shall provide off-street parking within the main structure, the lot area requirement may be reduced two hundred (200) square feet per such parking space. For dwellings and buildings accessory thereto, not served by a sanitary sewer system, there shall be a minimum lot area of twenty thousand (20,000) square feet; however, a greater area may be required based on recommendations by the health department because of inadequate percolation. Multi-dwelling structures or developments not served by a sanitary sewer system shall be permitted only on review by the planning commission based on the recommendations of the health department. e. f. When a garage apartment is located in the rear yard of a multi-dwelling structure or development, the lot area shall be not less than one thousand five hundred (1,500) square feet more than is required for the multi-dwelling structure or development. For churches and other main and accessory buildings, other than dwellings and buildings accessory to dwellings, the lot area shall be adequate to provide the yard area as required by this section and the off-street parking area as required in article V, section 7; provided, however, the lot area for a church shall not be less than thirty thousand (30,000) square feet. 6. Maximum lot coverage. Main and accessory buildings shall cover not more than thirty (30) percent of the lot area. E. F. Usable open space. For multi-dwelling structures or developments there shall be usable open space provided for each dwelling unit of not less than four hundred (400) square feet. Height regulations. No main building shall exceed thirty-five (35) feet in height, except as provided in article V, section 5. Accessory buildings shall not exceed fifteen (15) feet in height.

26 Knoxville, TN Code of Ordinances about:blank Page 5 of 5 12/21/2016 G. Off-street parking. As regulated in article V, section 7. (Ord. No. 5397, ; Ord. No. O-71-82, 1, ; Ord. No. O , 1(VI), ; Ord. No. O , 1(V), ; Ord. No. O , 1, ; Ord. No. O , 1, ; Ord. No. O , 1, ; Ord. No. O , 1, ; Ord. No. O , 1, ; Ord. O , 1, ; Ord. No , 1, ; Ord. No. O , 1, ; Ord. No. O-40-08, 1, ; Ord. No. O , 1, ; Ord. No. O-70-09, 1, ; Ord. No. O , 5, 6, ) Note Former Art. IV, 3.

27 School Information 742 High Point Way Unit 57, Knoxville, TN According to Knox County Schools, the subject property is zoned for the following schools: Inskip Elementary Gresham Middle Central High For additional information, please contact the Knoxville-Knox County Metropolitan Planning Commission at (865) or visit them at

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34 furrow auction co. SAMPLE SALES CONTRACT DATE: January 26, 2017 This contract entered into this 26 th Day of January, 2017 by and between with an address of the Seller; FURROW AUCTION COMPANY, with an address of 1022 Elm Street, Knoxville, TN (phone: ),agent and, with an address of, BUYER. WITNESSETH Pursuant to a bid placed at real property auction conducted by Agent on behalf of Seller and the terms and conditions agreed upon by Buyer in conjunction with Buyer placing a bid for purchase, Seller hereby agrees to sell to Buyer, and Buyer hereby agrees to purchase from Seller, subject to the conditions hereinafter set out, the following described premises: Approximately 1,026 sq. ft. two bedroom, two bath residential condominium known as Unit 57 in Phase 14 of Raleigh Court Condos located at 742 High Point Way in Knoxville, TN identified as Parcel/Tax ID 069HB03302J in the Knox County, TN Property Assessor s Office and further described in Document # as recorded in the Knox County Register of Deeds Office, the Property. In consideration of $, paid by Buyer as earnest money and part of the purchase price, the EARNEST MONEY, receipt of which is hereby acknowledged, this contract is made binding on both parties, their heirs, executors, successors and/or assigns. Seller shall deliver to Buyer a WARRANTY DEED conveying fee simple title to the Property to Buyer free and clear of all encumbrances, except as stated herein, being: ALL PRIOR YEARS PROPERTY TAXES WILL BE PAID BY THE SELLER AT CLOSING. ALL CURRENT YEAR PROPERTY TAXES WILL BE PRORATED AT CLOSING. RIGHTS OF TENANTS IN POSSESSION (IF APPLICABLE); PRO-RATION OF RENTS (IF APPLICABLE); ANY RECORDED OR VISIBLE ROAD-WAY RIGHTS OF WAY, RAILROAD OR UTILITY EASEMENTS; SUB-DIVISION RESTRICTIONS; HOA REQUIREMENTS; ZONING; ALL EXCEPTIONS BOTH STANDARD AND SPECIAL AS SHOWN ON COMMITMENT FOR TITLE OBTAINED BY SELLER FROM OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY DATED JANUARY 2, 2017, COMMITMENT # /AB. BUYER SHALL PAY ANY AND ALL TRANSFER TAXES AND/OR RECORDING FEES IN CONJUNCTION WITH THIS DEED. SELLER OR AGENT MAKES NO REPRESENTATIONS OR WARRANTIES WITH RESPECT TO TITLE TO THE SUBJECT PROPERTY. Buyer shall, within 20 days after date of this contract, pay for the property the total purchase price of $ (WHICH SUM INCLUDES 10% BUYER'S PREMIUM FOR ON SITE BIDDERS OR 13% BUYER S PREMIUM FOR ON LINE BIDDERS ABOVE THE BID PRICE), under the following terms: 10% DOWN WITH THE SIGNING OF THIS CONTRACT; BALANCE DUE IN CASH AT CLOSING WITHIN 20 DAYS. THIS IS A CASH TRANSACTION - CLOSING NOT SUBJECT TO ANY CONTINGENCIES. TITLE INSURANCE AND/OR SURVEY FOR THE PROPERTY MAY BE PROCURED BY BUYER AT BUYER'S SOLE OPTION AND EXPENSE. THIS PROPERTY SOLD IN ITS AS IS, WHERE IS WITH ALL FAULTS CONDITION WITH NO WARRANTIES EITHER IMPLIED OR EXPRESS EXCEPT WARRANTY OF TITLE. Buyer acknowledges that all properties are being sold at public auction, subject to all existing covenants, conditions, restrictions, reservations, exploration rights, easements, rights of way, assessments, zoning, and all other land use restrictions. No personal property is included in this contract. DEED SHALL BE MADE: AS DIRECTED BY BUYER Title Insurance (at Buyer's expense ) Yes ( ) ( ) No WILL ADVISE - Buyer may, at its own expense, obtain title insurance provided Seller shall not incur any cost as a result of such insurance. IT IS FURTHER MUTUALLY AGREED 1. Agent. Agent is not the owner of the Property, but solely an agent for Seller, who is the fee owner of the Property. 2. Seller s Default. If marketable title subject to the above-listed exceptions cannot be given to Buyer at closing, the Earnest Money in the amount of $ will be refunded to Buyer as Buyer s sole remedy. This contract is subject to any event that would adversely affect the quality of title as described in Schedule B of above-referenced Title Commitment subsequent to the execution of this sales contract. 3. Casualty. The risk of hazard or casualty loss or damage to Property shall be borne by the Seller until transfer of title. If casualty loss prior to Closing exceeds 10% of the Purchase Price, Seller or Buyer may elect to terminate this Agreement with a refund of Earnest Money to Buyer. 4. Buyer s Default. If Buyer fails to carry out and perform the terms of this agreement within 20 days after date of this contract, except in the case of Seller s default, Seller may recover additional damages or obtain specific performance as permitted by law. In such event, Agent may retain the earnest money for commissions previously earned and related sales expenses from the forfeited Earnest Money. 5. Closing and Settlement. Closing to be conducted by Tennessee Valley Title, Knoxville, TN, Tracey Axtell, Phone # on or before Wednesday, Feb. 15, At the closing each party shall execute and deliver all documents necessary to effect and complete the closing, any statements, including any affidavits reasonably required by the Title Company for issuance of its title policy without the standard preprinted exceptions. The Deed to be executed by Seller shall be on the form then generally used by the Title Company and shall convey to Buyer marketable fee simple title, free and clear of all liens, restrictions and encumbrances except as specified herein and insurable as such by the Title Company at standard rates on the current American Land Title Association Owner's Policy Standard Form, All blanks in all of the closing documents shall be filled in at the closing, and all documents shall otherwise be conformed to meet the requirements of the parties as expressed in this Contract. Buyer shall pay: (1) all title examination updates and insurance (at Buyer's option and expense); (2) one-half closing fee; (3) recording of deed. Seller shall pay: (1) title examination prepared for auction; (2) onehalf closing fee; (3) preparation of Deed. 6. Condition of Property. Buyer hereby acknowledges Buyer s obligation to perform due diligence in regard to this transaction as well as the condition of the Property, and agrees that an inspection of the Property has been made by Buyer, that the purchase is based upon such inspection and such additional independent investigation as Buyer has chosen to make, and not by or through any representations made by Seller or Agent. Buyer agrees that Buyer is acquiring the Property as is, where is, with all faults and defects, latent and patent, whether known, unknown, disclosed, or undisclosed by Seller, and Buyer acknowledges and agrees that Seller has not made, does not make, and Seller hereby specifically disclaims any Page 1 of Elm Street Knoxville, TN (865) FURROW

35 furrow auction co. representations, warranties, promises, covenants, agreements, or guaranties of any kind or character whatsoever, whether expressed or implied, oral or written, past, present, or future, of, as to, concerning or with respect to (a) the habitability, merchantability, or fitness of a particular purpose of the Property or any part thereof; (b) the compliance of or by the Property or its operation with any laws, rules, ordinances, or regulations of any governmental authority or body having jurisdiction including, without limitation, all applicable zoning laws or other land use regulations including those, without limitation, permitting and certificates of occupancy; (c) the nature, quality, or condition of the Property, including, without limitation, water, soil, and geology, or the presence or absence of any pollutant, mold, lead-based paint, radon, hazardous or toxic substance or material, hazardous or solid waste, termites or other wood destroying organism or any other type of insects, underground or above ground storage tank system, or any other contamination or environmental condition on, in, under, or about the Property; (d) the suitability of the Property for any and all activities and uses which Buyer may intend to conduct thereon; (e) any income to be derived from the Property; (f) the marketability, merchantability, age, quality, state of repair, or fitness for a particular purpose of any items of personal Property that may or may not be located upon the Property, including, without limitation, any HVAC, cooking, refrigerating, dishwashing, plumbing, or electrical apparatus or equipment boilers, engines, motors, generating equipment, piping or plumbing fixtures, underground or above ground storage tank systems, ventilating or vacuum cleaning systems, irrigation systems, fire alarms, fire extinguishing apparatus, security systems, telephone systems, telephone jacks, cable jacks, gas and electric fixtures, elevators, mantels, built-in mirrors, screens, storm sashes, awnings, carpeting, under padding or drapes; or (g) any other matter related to or concerning the Property or any items of personal property which may or may not be located thereon. Buyer shall not seek recourse against Seller on account of any loss, cost, or expense suffered or incurred by Buyer with regard to any of the matters described in above and hereby assumes the risk of any adverse matters related to the matters described above from and after the date of closing. In addition, and without limiting the foregoing, Seller specifically makes no representations as to the existence, suitability, or the working condition of, of any system including but not limited to electric, gas, water, (public or well), septic (public or private), cable, internet, or the status of any available permits or approvals related thereto. Buyer hereby expressly waives any and all claims for damages or rescission of this contract due to any representations made by Seller or Agent, except such representations as may be contained in this contract. THE PROPERTY SHALL BE TRANSFERRED TO AND ACCEPTED BY ANY BUYER IN AS-IS CONDITION WITH NO REPRESENTATION OR WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, OTHER THAN THOSE EXPRESSLY CONTAINED HEREIN AND FREE OF ANY AND ALL LIENS, ENCUMBRANCES, SECURITY AGREEMENTS OR OTHER FINANCING DEVICES, EXCEPT AS EXPRESSLY ALLOWED HEREIN. Seller and Agent each makes no representations or warranties of any kind as to the suitability of the Property for any purpose whatsoever or as to the physical condition thereof (including, without limitation, environmental condition) or otherwise. It is expected that Buyer will rely on its own inspection to determine the condition of the Property, and will not rely on any statement or representation of Seller, or Seller s agents (including Agent), representatives or consultants with respect thereto. Buyer agrees to accept the Property without recourse against Seller of any kind under applicable laws and regulations. By acceptance of the deed to the Property, Buyer shall have released and waived any claim against or rights of contribution against Seller or Agent under any Environmental Law for environmental conditions at the Property that may exist as of the closing date and such release and waiver shall survive the closing and the transfer of title to the Real Property. For purposes hereof, Environmental Laws includes, without limitation, the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended (42 U.S.C. 9601, et. seq.), the Hazardous Materials Transportation Act, as amended (49 U.S.C. 108, et. seq.), the Resource Conservation and Recovery Act, as amended (42. U.S.C. 6901, et. seq.), the Toxic Substances Control Act, as amended (15 U.S.C. 2601, et seq.), the Clean Water Act, as amended (33 U.S.C. 1251, et. seq.), and/or any corresponding state law and the regulations, rules, ordinances, decisions, orders, or determinations of a judicial or governmental entity. 7. Acknowledgement. Buyer acknowledges that in connection with its purchase of this Property from Seller, Agent disclosed to the undersigned Buyer all information, if any, made known by Seller to Agent concerning the exposure of the Property to hazardous wastes and/or substances, and/or the storage of hazardous wastes and/or substances and/or existence of lead-based paint or Chinese drywall or other defective drywall on the Property. The undersigned Buyer is hereby determining to go forward with the purchase based on this information. 8. Agency Disclosure Statement. Buyer acknowledges that Agent disclosed Seller's name. 9. Assignment. Buyer may assign this contract provided Buyer shall give Agent notice in writing of such assignment prior to the closing. The terms and provisions of this contract shall be binding upon and inure to the benefit of Seller and Buyer and their respective heirs, executors, successors and/or assigns and no assignment of this Sales Contract shall serve to release Buyer from any of the obligations contained herein. 10. Entire Agreement. Both Seller and Buyer agree that this contract constitutes the sole and only agreement between them with respect to the above-described Property and shall not be modified, except in writing, and shall be binding upon their heirs, successors and/or assigns. Time is of the essence. ACCEPTED: SELLER FURROW AUCTION COMPANY, AGENT DATE BUYER BUYER DATE Page 2 of Elm Street Knoxville, TN (865) FURROW

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