Saturday, May 16th from Noon to 1:00 PM CT

GENERAL INFORMATION
Address:	223 Wallace Road, Nashville, TN 37211
City:	The property is located within the city limits of Metropolitan Nashville, TN.
County:	Davidson County, TN

INCOME
Tenant:	Unit 223A currently rented Unit 223B currently rented
Leased Until:	Unit 223A leased month to month Unit 223B leased month to month
Monthly Rent:	Unit 223A leased for $420 / month Unit 223B leased for $525 / month

LAND INFORMATION
Zoning:	R10: One and Two Family (10,000 Square Foot Lot), Ov-Air: Airport Overlay
Acres:	0.27 +/- total acres
Subdivision Name:	Hillbrook
Lot Size:	78 x 157

IMPROVEMENT INFORMATION
Construction:	Brick
Stories:	1
Year Built:	1962
Total Square Feet:	1,584 +/- sq. ft.

ROOMS / EACH UNIT
Bedrooms:	Two Bedrooms
Bathrooms:	One Full Bath with Tub/Shower Combination
Kitchen:	Eat-in Area, Range and Refrigerator
Den:	Unit B has Hardwood Floors
Basement:	Full/Unfinished, Washer/Dryer Hook-Ups, One-Car Garage

SCHOOLS
Elementary School:	Haywood Elementary School
Middle School:	McMurray Middle School
High School:	John Overton Comprehensive High School

UTILITIES
Electricity:	Nashville Electric Service
Water:	Metro Water Services
Wastewater:	Metro Water Services
Air Conditioning:	Electric, Window Units
Water Heater:	Electric
Heating:	Electric, Baseboard

TAXES
County Tax ID:	148-01-0-021.00
2008 Taxes:	$2,260.58 ($313.30 City Tax - $1,947.28 County Tax)

DIRECTIONS

From I-24 heading East towards Chattanooga, take Exit #56 towards Grassmere. Turn right onto Harding Pl. Go .5 tenths of a mile and turn left at light onto Tampa Dr. Go .3 tenths of a mile and turn left on Wallace Rd to sale site on right.

Agreement of Purchase and Sale

1.	Auction Procedure:  The auctioneer shall offer the property as a single lot to all registered bidders.  Bidders may register by agreeing in writing to be bound by these real estate auction terms and conditions.
2.	Agreement of Purchase and Sale:  The purchaser shall execute an agreement of purchase and sale, in the form provided by the auctioneer, without modification, immediately after being declared the high bidder.
3.	Absolute Auction:  The property will sell to the highest bidder, regardless of price.
4.	Deposit:  The purchaser shall submit a nonrefundable deposit to the appointed escrow agent in the amount of 10% of the purchase price immediately after being declared the high bidder.
5.	Closing:  The balance of the purchase price shall be paid at or before closing.  Closing shall take place on or before the date that is 30 days after the date of the auction. The escrow agent will schedule and conduct closing.
6.	Escrow Agent:  The deposit, earnest and purchase monies in respect of the property shall be paid to and deposited with First Title and Escrow Company, Inc., Elizabeth J. Smith, Contact.  (615) 383-4429.  2000 Richard Jones Rd, Ste 110, Nashville, TN  37215.
7.	Deed:  Sellers shall provide a warranty deed.
8.	Title Insurance:  Sellers shall provide an owner's title insurance policy in the amount of the purchase price.
9.	Closing Costs:  At closing, Seller shall pay for half of the escrow and closing fees, all of the costs for preparation of all documents to convey the property and the entire premium for the owner's policy of title insurance.  At closing, purchaser shall pay for half of the escrow and closing fees, any and all recording fees, and all other sale, financing or closing fees as required.  Taxes shall be prorated to the date of closing.
10.	Cash Sale:  This is a cash sale and is not contingent on purchaser's ability to obtain financing.
11.	Possession:  Purchaser will receive possession at closing.
12.	As-Is Sale:  The Purchaser shall accept the property in an as-is condition with all faults as of the closing date and the purchaser shall specifically agree that the seller has not and does not make any representations or warranties of any kind whatsoever, expressed or implied, to the purchaser regarding the property or any improvements thereon.  The property is selling subject to anything an accurate survey or personal inspection of the property may reveal, including any existing rights-of-way, easements or claims to easements, encroachments, rights or claims of parties in possession, restrictive covenants and easements, flood zones, zoning or subdivision regulations, building codes, governmental agencies regulations, environmental conditions, lead-based paint, asbestos, radon gas, hazardous materials, any mineral rights, water rights, riparian or littoral rights, and reservations or conveyances, if any.  The purchaser shall have satisfied himself as to the location and condition of the property, and all descriptions thereof, before bidding.  All information contained in the brochure and all promotional materials, including, but not limited to, square footages, acreage, dimensions, maps, taxes, etc., was provided by the seller and is believed to be correct; however, neither the seller nor the auctioneer makes any guarantee or warranty as to the accuracy or completeness of such information.
13.	Easements:  Sale of the property is subject to any and all easements of record.
14.	No New Survey:  The property will be conveyed according to the existing legal description.
15.	Personal Property:  No personal property shall be conveyed with the property unless specifically included in the agreement of purchase and sale. Air conditioning units, refrigerators and ranges will convey with duplex.
16.	Agency:  McLemore Auction Company, LLC and its representatives are exclusive agents of the seller and are agents of no other party to this transaction.
17.	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, familial status, national origin, or physical handicap.
18.	Announcements:  All announcements made on auction day supersede any prior oral or printed statements.
19.	Miscellaneous:  All decisions of the auctioneer are final as to the methods of bidding, disputes among bidders, increments of bidding and any other matters that may arise before, during, or after the auction. Seller reserves the right to deny any person admittance to the auction or expel anyone from the auction who attempts to disrupt it.
20.	Owners: Jack L. and Lou P. Barron