Investment Opportunity 227 Willard Street, Greenville SC

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1 PROPERTY FACT SHEET Investment Opportunity 227 Willard Street, Greenville SC Online Auction Only! Bidding Ends: Mon., Nov. 23 rd at 3:00 pm Will Be Sold ABSOLUTE Regardless of Price! Less Than ¼ mile to Swamp Rabbit Trail in planned Redevelopment area! Features: BEDROOMS: 2 BATHS: 1 TOTAL SQ. FT.: 1,000 ± LOT SIZE: 0.12 ± Acres Directions: From Downtown Greenville take Academy Street (Hwy 123) and turn right just onto N Markley St just past the the Kroc Center/AJ Whittenberg. Take the first right onto S Hudson Street then left onto Mayberry Street. Continue 0.8 Miles and turn left onto Willard Street. Home will be on your left. Watch For Auction Signs! WATER/SEWER: Public HEAT: Electric Baseboard TAX MAP#: TAXES: $ (6% Greenville City/County 2014) PREVIOUS RENT: $350 (per month) SCHOOLS: AJ Whittenberg Elementary Lakeview Middle Berea High AUCTION REALTOR: RICK STROUD (864) or (864) Leonardi Bracken Real Estate Bob Leonardi Auctioneer, SCAL 1313 Dan Bracken Broker In Charge Note: The information contained in this flyer is subject to inspection and verification by all parties relying on it. No liability for its accuracy, errors and omission is assumed by the seller or their agencies. ALL SQUARE FOOTAGES, DIMENSIONS AND TAXES, IF ANY, ARE APPROXIMATE. This listing may be withdrawn or modified without notice at any time.

2 Greenville County, SC November 4, : ft m Greenville County GIS Greenville County South Carolina GIS Division tioned public primary information sources should be consulted for verification of the information contained in this map. Greenville County assumes no legal responsibility for the information contained in this map.

3 Online Auction - Terms of Sale Greenville Investment Opportunities 227 Willard Street, 217 Heatherly Drive & 29 E. 5 th Street To Bid on these properties, you must be of legal age to enter into a contract to purchase real estate. If you're in doubt about the legal age to enter into contract, please consult with competent legal counsel before bidding. The purpose of the $1.00 credit card authorization is to verify the identity of each bidder. Your credit card will not be charged. All bids are placed in US Dollars. REI bidding increments are as follows: Bid Amount Bid increment $0 - $1,000 $100 $1,001 - $100,000 $500 $100,001 - $500,000 $1,000 $500,001 - $1,000,000 $2,500 over $1,000,001 $5,000 If you are out bid by another bidder, you will receive an notice so you can return and increase your bid if you so desire. The bidding will be open and everyone will have access to the bid history during the auction. As the auction nears the ending time it will auto-extend until bidding is silent for 2 minutes. If there is more than one high bid at the same level (a tying bid), the bid first submitted will be honored. The high bidder will be notified via after the auction ends. Financing: This sale is not contingent upon financing. Inspection: Each bidder acknowledges it is their responsibility to inspect the property in order to determine its suitability for their intended use. Membership: It is the responsibility of the purchaser to contact the membership office and verify membership rates and availability. Deposit: A $2, deposit (per property) will be due immediately after being declared the winning bidder. Personal checks will be accepted. The balance of the purchase price is due at closing within 30 days. Buyer's Premium: A 10% buyer's premium will be added to the high bid to determine the final purchase price. Closing Costs: Purchaser will be responsible for any expense relative to financing his/her purchase, as well as statutory recording fees (deed stamps) associated with the sale and deed preparation. Quick Close Provision: The sales contract includes an optional quick close provision whereby the Owner will pay for deed preparation and deed stamps if the sale is closed within fourteen (14) days of the effective date of the contract at the law office of: Guest & Brady, 900 East North Street #210, Greenville, SC Phone: (864) Taxes: Taxes will be prorated as of the day of closing. Final Bids: All bids are irrevocable by the bidder. The properties will be sold ABSOLUTE to the highest bidder, regardless of price! The Successful Bidder will be required to sign the approved real estate purchase agreement immediately upon conclusion of the auction and make their earnest money deposit to Leonardi Bracken Real Estate. An auction representative will contact the High Bidder shortly after the bidding concludes in order to make arrangements for executing the Purchase Agreement. Agency: Leonardi Bracken Real Estate. represents the seller in this transaction. Broker Participation Invited: A 3% referral fee, of the High Bid Amount, will be paid to the Broker whose prospect pays and settles for the property. To qualify for a referral fee, the Broker must register their prospect in writing no later than 3 hours prior to the auction on the approved form with Leonardi Bracken Real Estate. A complete registration file on all prospects will be maintained. No Broker will be recognized on a prospect that has previously contacted or has been contacted by the Seller or their agents. No referral fees will be paid to any broker or agent who is acting on their own behalf, on the behalf of another agent, or on behalf of a member of their immediate family, or who is a partner, stockholder, or principal of entity purchasing the property. Referral fees will be paid upon closing. There can be NO EXCEPTIONS to this policy and no oral registrations will be accepted. Leonardi Bracken Real Estate, LLC REALTOR: Dan Bracken (864) or (800) Bob Leonardi Auctioneer, SCAL 1313 Dan Bracken Broker In Charge

4 THIS CONTRACT IS SUBJECT TO ARBITRATION PURSUANT TO CHAPTER 48, UNIFORM ARBITRATION ACT, CODE OF LAWS OF SOUTH CAROLINA, 1976 CONTRACT FOR SALE DATE: A Contract to purchase is offered this, November 23, 2015, by To Owner of Record Seller. Purchaser, AGREEMENT AND DESCRIPTION: Purchaser agrees to buy and Seller agrees to sell all that lot or parcel of land, with the buildings and improvements thereon, if any located in Greenville County, South Carolina, and being described as follows: 227 Willard Street, Greenville SC TAX MAP #: PRICE: The sales price is $. (1) $ 2, Earnest money held in trust by Leonardi Bracken Real Estate, LLC. (2) $ Additional cash at closing (3) $ Sales Price THE BUYER SELLER IS LICENSED UNDER THE LAWS OF SOUTH CAROLINA AS A REAL ESTATE LICENSEE FINANCING: This Contract is neither subject to nor contingent upon Purchaser obtaining financing. CONVEYANCE AND CLOSING DATE: Seller agrees to convey by marketable title and delivers limited warranty deed with all stamps affixed thereto, free of encumbrances, except subject to all reservations, easements, rights-of-way, and restrictive covenants of record or on the premises (provided they do not make the title unmarketable) and to all government statutes, ordinances, rules and regulations. The deed shall be prepared in the name(s) of as above and delivered to the offices of To Be Determined or other stipulated place of closing, and transaction closed on or before December 23, POSSESSION: Possession of said premises will be given Purchaser at CLOSING. EARNEST MONEY: If any contingency of the Contract cannot be satisfied through no fault of Purchaser, or if binding Contract is not executed by all parties the earnest money will be returned to Purchaser after the deposit of funds has cleared the account of the broker holding the funds. All cash monies or certified funds shall be deposited on or before the next banking day. All other monies shall be deposited within two banking days after acceptance of the offer of a sales contract. The listing and selling brokers and their agents do not guarantee payment of check(s) accepted as earnest money. ADJUSTMENTS: Taxes, water, sewer charges, any other utilities, rents as when collected, and other assessments, including homeowner s association fees, shall be adjusted as of the date of closing. Tax prorations pursuant to this Contract are to be based on the tax information available on the date of closing and are to be prorated on that basis. Roll back taxes if any will be the responsibility of the N/A. DEFAULT: If the Purchaser defaults under the contract, the earnest money hereunder shall be paid to the Seller for damages, (subject to the Seller s obligation to the listing broker pursuant to the listing agreement) and the Seller shall have the option of (I) pursuing all legal and equitable remedies available or (2) of terminating this Contract with neither party having any further rights hereunder. If the Seller defaults under this Contract, the earnest money shall be returned to the Purchaser, and Purchaser shall be reimbursed by the Seller for all actual costs incurred, including but not limited to loan application fees, credit reports, appraisal fees, surveys, and costs of title examination, and the Purchaser shall have the option (I) of pursuing all legal and equitable remedies available or (2) terminating this Contract with neither part having any further rights hereunder. In the event buyer, seller, or agent brings legal action to enforce the provisions of this Contract, the prevailing party shall be entitled to recover reasonable legal fees and costs from the losing party. In the event Purchaser defaults under this contract through no fault of the seller or agent, the purchaser shall pay to Leonardi Bracken Real Estate, LLC 10% of the purchase price listed herein as liquidated damages for loss of commission due to Purchasers default. INSPECTION: Purchaser acknowledges that they have satisfied themselves that property is suitable for their intended use. (Purchaser s Initials) SURVEY, TITLE EXAMINATION AND INSURANCE: The listing and selling broker(s) and their agent(s) recommend that Purchaser have a survey of the subject property made, that Purchaser select an attorney to examine the title to the property and that Purchaser obtain appropriate insurance coverage including that required by the lender, effective with the time of closing. Purchaser Seller

5 GOOD FUNDS AT CLOSING: The Purchaser will be required to have cashier s check or certified funds when completing this transaction. MEDIATION/ARBITRATION CLAUSE: Any dispute or claim arising out of or relating to this Agreement, the breach of this Agreement or services provided in relation to this Agreement, shall be submitted to mediation in accordance with the Rules and Procedures of the Dispute Resolution System of the NATIONAL ASSOCIATION OF REALTORS. Disputes shall include representations made by Owner or Broker in connection with the services to which this Agreement pertains, including without limitation, allegations of concealment, misrepresentation, negligence and/or fraud. Any agreement signed by the parties pursuant to the mediation conference shall be binding. This Mediation clause shall survive for a period of 120 days after the date of the closing. On the 121 st day all disputes shall be subject to Chapter 48 Uniform Arbitration Act Code of Laws of South Carolina DISCLAMER BY BROKERS AND AGENTS: THE PARTIES ACKNOWLEDGE THAT THE LISTING AND SELLING BROKER(S) AND THEIR AGENT(S): (1) GIVE NO GUARANTY OR WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, AS TO THE PHYSICAL CONDITION OF THE PROPERTY OR AS TO THE CONDITIONS OF OR EXISTENCE OF IMPROVEMENTS, SERVICES OR SYSTEMS THERETO; (2) GIVE NO WARRANTY, EXPRESS OR IMPLIED, AS TO THE MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE AS TO THE PROPERTY OR SUCH IMPOVEMENT THERETO AND ANY IMPLIED WARRANTY IS HEREBY DISCLAIMED; (3) GIVE NO WARRANTY AS TO TITLE; AND (4) GIVE NO GUARANTY OR WARRANTY CONCERNING (a) ANY CERTIFICATION OR INSPECTION CONCERNING THE CONDITION OF THE PROPERTY, AND (b) ANY MATTERS WHICH WOULD BE REFLECTED BY A CURRENT SURVEY OF THE PROPERTY. TIME IS OF THE ESSENCE; ENTIRE CONTRACT: Time is of the essence. The parties agree that this written Contract expresses the entire agreement between the parties, and that there is no other agreement, oral or otherwise, modifying the terms hereunder and that the Contract shall be binding on both parties, their principals, heirs, personal representatives, successors and assigns, unless there is a written addendum hereto signed by all parties. QUICK CLOSE: If the Purchaser agrees to close this transaction within fourteen (14) days of the effective date of this contract, at the law offices of Guest & Brady, the Seller will pay for deed stamps and deed preparation. Otherwise, all closing costs are to be paid by Purchaser. Regardless of the quick close provision, the purchaser will pay for the survey fee if any. The parties agree that this written Contract expresses the entire agreement between the parties, and that there is no other agreement, oral or otherwise, modifying the terms hereunder and that the Contract shall be binding on both parties, their principals, heirs, personal representatives, successors and assigns, unless there is a written addendum hereto signed by all parties. LEONARDI BRACKEN REAL ESTATE, LLC REPRESENTS THE SELLER IN THIS TRANSACTION. BOTH BUYER AND SELLER ACKNOWLEDGE RECEIVING, READING, AND UNDERSTANDING THE SOUTH CAROLINA REAL ESTATE COMMISSIONS AGENCY DISCLOSURE FORM. GENERAL REMARKS: This property is selling in as is condition, seller will make no repairs. OTHER: Addendum Attached: Yes No X IF YES, NUMBER OF ADDENDUMS Purchaser and Seller each agree that receipt of a signed contract by telecopy (FAX) will be the same as receipt of an original signed contract. THIS IS A LEGALLY BINDING CONTRACT. PURCHASER AND SELLER SHOULD SEEK LEGAL ADVICE IF THE CONTENTS ARE NOT UNDERSTOOD. BOTH PURCHASER AND SELLER ACKNOWLEDGE THE RECEIPT OF A COPY OF THIS CONTRACT. SIGNATURES BELOW SIGNIFY ACCEPTANCE OF ALL TERMS AND CONDITIONS STATED HEREIN. Purchaser Date Seller Date Purchaser Date Seller Date