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Alabama Real Estate Auction

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					                                                      Saturday • August 18, 2007 • 10 am

Excellence in Real Estate
                              Auctioneering
AuCtIoN HELD At ALExANDER REC. CENtER - CouRt StREEt, MouLtoN, ALABAMA




                                                                               Real Estate Auction
                                                                                Estate of J.O. Sims
                                                                         Lawrence County, Alabama


                                                  250 +/- Acres McDowell Cove,
                                                      Bankhead National Forest
                                               81 +/- Acres Loosier Community
                                          205 +/- Acres Five Points Community
                                    10.5 +/- Acres Court Street, City of Moulton


                                                            Auction for all properties will be
                                                     conducted at H.A. Alexander Rec Center,
                                                        West Court Street, Moulton, Alabama
                                                                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 Recreational Tracts
McDowell Cove Hunting Camp, Bankhead National Forest

•   two tracts: 245 +/- Acres and 5 +/- Acres
•   Log Cabin and Barn
•   Superb Wildlife Habitat
•   Ideal for Hunting Preserve
•   Electricity to Both Buildings

Directions to McDowell Cove
From Lawrence County Courthouse in Moulton go south on
Alabama Highway 33. At Warrior trading Post continue south
on Highway 33 for 2.3 miles. At first Bankhead National Forest
sign turn right on Ridge Road. Go approximately 7 miles on
Ridge Road bearing right at Gum Springs Road and just past
the Hoyt Whisenant home turn left on old County Road 11. Go
approximately 1.6 miles to property.
                                                                                                           5 +/- Acres
HProperty available for viewing on August 11
from 9:00 am to 3:00 pm. Bring your AtV.H

                                                                                      County Road 11




                                                                                           245 +/- Acres




Property 2 Recreational Tract
Loosier Community, Lawrence County Road 150 off Alabama Highway 157 North

81 +/- Acres with Right of Way
Hunting and Recreational tract

Directions to Loosier                                                  81 +/- Acres
Community
                                     County Road 150




From Moulton: At intersection                          Right-of-way
of Alabama Highway 157 and
Alabama Highway 24, go north
on Highway 157 for 8.5 miles
to County Road 150 at Vulcan
Station. turn right on County Road
150 and go 2 miles to property                         HProperty viewing August 11
sign on right.                                         from 9:00 am to 3:00 pm.H
 Property 3 Mini-Farm and Recreational Tracts
 Five Points Community, 6520 Lawrence County Road 87


                                                         County Road 87
                                                                                                           out                     out




                                                           3.16 Acres
                                            3.16 Acres




                                                                        3.16 Acres
                                                          3.16 Acres




                                                                                          3.25 Acres
                                           3.16 Acres




                                                                               out




                                                                                                                     out
                                                                                                                                             out




                                                11




                                                                8



                                                                             6
                                               12




                                                               9




                                                                                               4
           out         out




                                                 27.62 Acres




                                                                                                                                     46.65 Acres
                                                                                 22.57 Acres
                                                                22.74 Acres
                                   21.49 Acres

                                                     10




                                                                                                       19.20 Acres


                                                                                                                     19.56 Acres


                                                                                                                                          1
                                                                                      5
                                                                     7
                                       13




                                                                                                            3


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                                                                                                                                                   Directions to Five Points Property
                                                                                                                                                   From Moulton: At intersection of Alabama
                                                                                                                                                   Highway 24 and Alabama Highway 157, go
                                                                                                                                                   east on Highway 24 for 7.5 miles to County
                                                                                                                                                   Road 434 (Jack’s). Turn right on County
                                                                                                                                                   Road 434 and go 4.5 miles to County Road
                                                                                                                                                   87. turn right on County Road 87 and go 1/2
                                                                                                                                                   mile to property on left.

                                                                                                                                                   From Decatur: At intersection of Alabama
                                                                                                                                                   Highway 67 (Beltline Road) and Alabama
                                                                                                                                                   Highway 24, go west on Highway 24 for
                                                                                                                                                   8.5 miles to County Road 434. turn left on
                                                                                                                                                   County Road 434 and go 4.5 miles to County
                                                                                                                                                   Road 87. turn right on County Road 87 and
                                                                                                                                                   go 1/2 mile to property on left.




Property 4 Commercial/Industrial Tract
15127 Court Street, Moulton, Alabama

          10.45 +/- Acres in 1 tract
                 All utilities                                                                                                                                                   t
          Zoned M-1 Light Industial                                                                                                                                        tStree
                                                                                                                                                                      Cour
         Business in Immediate Area

        Foodland                   McDonald’s

          CVS                         Walmart

    Bank Independent                 Hardee’s

      Regions Bank                   Guthrie’s

    John’s Bar-B-Que                      KFC                                                                                                                             10.45 Acres

   Elliott Funeral Home             CBS Bank
Important Information: terms and Conditions
Bidding                                           bidding are at the direction of the auctioneer.
All bidding is open to the public. Everyone       the selling price of each property shall be
must register for a bidder number. Bidder         determined by competitive bidding at the                   300 Market Street NE
registration will begin one hour prior to auc-    auction. Sellers reserve the right to withdraw             Suite 3
tion. Payment should be by personal or            the property without notice.
business check. Auctioneer represents seller
                                                                                                             Decatur, Alabama 35601
in all transactions.                              Survey Fees                                                256.353.7525 phone
                                                  Survey Fees are the responsibility of the                  256.350.9100 fax
Deposits                                          purchaser and are due on auction day.                      www.amerisouthauctions.com
Each purchaser shall make a non-refundable
down payment at the conclusion of the auc-        order of Auction
tion equal to 20% of the contract sales price.    Individual tracts - to be offered by the acre
The sale is not contingent upon financing.        using the “High Bidder Choice “ method.
upon acceptance by Sellers the deposit is         the auctioneer reserves the right to offer
non-refundable.                                   individual tracts, in combination of tracts and
                                                  as a whole but is not obligated to do so. the
Closings                                          successful bidder can pick any number of
Balance of purchase price due at closing by       tracts or all tracts, but the auctioneer reserves
Sellers’ appointed closing agent within 30        the right to offer the property back as a whole
days. Seller will prepare a warranty deed.        with a 5% raise.
All other closing costs will be the purchaser’s
expense. taxes will be prorated from date         Combination - When tracts are combined,
of closing.                                       the total of the highest bid for all the tracts
                                                  are added together and raised 5%, and this
Conditions                                        amount is the opening bid for this combina-
A 10% Buyer’s Premium will be added to            tion of tracts.
the final bid price and included in the total
purchase price. All property to be sold “As       As A Whole - After all combination requests
Is, Where Is”, with any and all faults and no     are competitively bid upon we will accumulate
implied warranties by Seller or Auctioneer.       the highest bids for all individual tracts or by
All information and dimensions were derived       combinations and add a 2% raise to arrive
from sources believed correct but are not         at the opening bid in its entirety.
guaranteed. Buyers shall rely on their own
information, judgment and inspection of the       Financing
property and records and documents re-            Financing is available to prequalified buyers
corded in the Lawrence County Courthouse.         through Ken Baggett at First South Farm                  Chuck Crump, CAI, AARE, AAL# 1539                     Bryan Knox, AAL# 1587
All announcements from the auction block will     Credit (256) 974-1124 or Heath Davis At                  E. Lee Barran, AAL# 2615                              tony McCormack# 2675
take precedence over any previously printed       Federal Land Bank (256) 381-5512.                        Emmette Barran, CCIM, AAL# 2616                     George Barran, AAL# 2729
material or any other oral statement made.
Conduct of the auction and increments of




     public                                        Auction
                          AuCtIoN HELD At ALExANDER REC. CENtER
                             CouRt StREEt, MouLtoN, ALABAMA

                 Subject to Approval
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                of the Probate court.
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          Auction
         SAtuRDAy
         AuGuSt 18, 2007
         10:00 AM
         Please call 256.353.7525 for more                                                                                              n
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         information.
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         SELLING +/- 546.5 ACRES
         IN tRACtS, SuItABLE FoR
         RECREAtIoNAL, BuILDING
         AND CoMMERCIAL uSES.

         Let us do an AuCtIoN for you.                                                                            1
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Description: Alabama Real Estate Auction document sample