Scottsboro, AL 35768(Madison County)

BIDDERS INFORMATION PACKET: Detailed Bidders Information Packets containing the Sealed Bid Auction Real Estate Purchase Agreement, title reports, timber volume data, tax parcel numbers, aerial and topographic maps and bidding instructions are available from our office via email, fax or mail order.

PROPERTIES OFFERED SUBJECT TO MINIMUM BID: The parcels are offered subject to the published Minimum Bids per parcel.

BIDDING: These parcels are hereby offered via a sealed bid auction. To participate and bid in the auction, your fully executed Sealed Bid Auction Real Estate Purchase Agreement (contained in the Bidders Information Packet) must be completed and delivered to Woltz & Associates, Inc. on or before 3:00 p.m. Eastern Daylight Time, Thursday, May 21, 2015

BID BASIS: Bidding is by a Lump Sum bid, not per Acre. You may bid on one or more Auction Tracts in one bid, or you may bid on Auction Tracts individually with separate bids for each Auction Tract.

BUYERS PREMIUM: A ten percent (10%) buyers premium must be added to the final cumulative High Bid to determine the total Purchase Price.

EARNEST MONEY DEPOSIT: A Deposit of 10% of the total Purchase Price must accompany the bid either by cashiers or certified check or wire transfer. Deposit checks must be made payable to John F. Porter, III, PC, Real Estate Trust Account. If you make your Deposit by wire transfer, wiring instructions are as follows:

John F. Porter, III, P.C., Real Estate Trust

REGIONS BANK BIRMINGHAM, ALABAMA

ABA# 062005690 ACCT# 0437062383

JOHN F. PORTER, III, P.C. REAL ESTATE TRUST ACCOUNT

Deposit cashiers checks will be held uncashed during the bid consideration period. All Deposits on offers not accepted will be returned to the bidder by June 5, 2015 with time allowed for mail delivery. Deposits for accepted Bids will be deposited to the John F. Porter, III, PC, Real Estate Trust Account and held per the terms of the Sealed Bid Auction Real Estate Purchase Agreement.

BID OPENING: Bids will be opened at the Woltz & Associates, Inc. office at 23 Franklin Road, S.W., Roanoke, Virginia at 3:30 p.m. Eastern Daylight Time on Thursday, May 21, 2015. Only the high bids will be announced.

NOTIFICATION OF ACCEPTED BIDS: The successful bidders will be notified by 5:00 p.m. Eastern Daylight Time on Friday, May 29, 2015.

TIE BIDS: In the event of any tie bids, Seller may accept the bid of Sellers choice, or Seller may elect to give the tie bidders the opportunity to make their best and final offer with 5 business days notice.

SETTLEMENT: Seller will prepare, and Buyer(s) will accept, a Special Warranty Deed. Buyer(s) and Seller shall pay their own Settlement costs as is customary in the state of Alabama. Each party will be responsible for its own attorneys fees. Seller is providing a Commitment for Title Insurance prepared by Mississippi Valley Title Insurance Co. If Buyer elects to purchase Title Insurance, the Title Insurance Premium shall be at the Buyers expense. All Property shall be conveyed per the Property Description in the Commitment for Title Insurance. The Settlement date shall be on or before June 30, 2015.

ALL SALES ARE FINAL: All property is auctioned AS IS, WHERE IS with all faults in its condition at the time of sale without recourse by way of refund, reduction of the purchase price, or otherwise. Bidders should perform such independent investigation with respect to the property as they deem necessary or appropriate.

FINANCING: Your bidding and purchase of the property is not conditional upon financing. Be sure you have arranged financing, if needed, and are capable of paying cash at closing.

BROKER PARTICIPATION: Any appropriately licensed Alabama broker whose agent properly registers the successful high bidder will be paid a 2% commission based upon the High Bid, which does not include the Buyers Premium, at settlement by the Seller. Applications must be on a Woltz & Associates, Inc. Broker Participation Application form and contain the name, address and signature of agent and prospect as well as the Brokers license number and Federal Tax ID number. The form must be received in the office of Woltz & Associates, Inc. accompanying the Sealed Bid Auction Real Estate Purchase Agreement and Deposit. Agents acting as principals buying on their own account, on behalf of family members, other licensed real estate agents, or who represent prospects that have had prior contact with the Seller or Auction Company are not eligible. An agent may register only one Bidder per Auction Tract.

BOUNDARY LINES: Boundaries on aerial photos and topo maps are approximate. Potential buyers may obtain a Limited Right of Entry Permit to view the property and inspect the boundary lines prior to sale. Buyer assumes all risk associated with entry upon the land. A Permit may be obtained by contacting Auction Company.

GENERAL: The information contained in this brochure and otherwise provided by Seller and Auction Company is subject to verification by all parties relying on it. No liability for its accuracy, error, or omissions is assumed by the Seller or the Auction Company.