Three Cook County Farms

Hilda W. Allen Real Estate, Inc. is pleased to have been commissioned to auction the Estate of the late J. W. Lindsey and Mildred Lindsey consisting of and being three Cook County farms with houses plus an additional house and two lots in Lenox. The three farms combined, consist of 363.8 approximate acres . Each farm will be offered in tracts, combination of tracts or as a whole. These farms have been divided in such a way as to offer various sized land tracts, however, by simply combining two or more tracts, you can create exactly the size home site, farm, ranch or estate that is perfect for you and your family.

Hilda Allen cordially invites you to inspect the property during the scheduled special preview hours or at your own convenience, then come prepared to bid and buy at the auction on Thursday, December 2 at 11:00 a.m.

An auction representative will be on site at Farm 1 during the hours of 1:00 to 3:00 p.m. on Friday, November 19 and the day prior to the auction, Wednesday, December 1. All houses will be opened for inspection during these hours. Failure to inspect the property prior to auction does not relieve purchasers of contractual obligations of purchase.

PROPERTY # 101

FARM # 1 - Judge Lott Rd

245.4 Acres Divided Into 7 Tracts From 2.5 to 105.3 Acres / Plus 2 Houses

• 77.8+/- +/- Acres of Cropland

• 56.3+/- +/- Base Acres of Upland Cotton

• Per Farm Service Agency

Directions: From downtown Lenox, take Judge Lott Road east for approximately 3.2 miles to property on the left.

PROPERTY # 102

FARM # 2 - Darden Road

87.5+/- +/- Acres Divided Into 4 Tracts From 3.3 to 67 Acres

• Convenient Location

• 10 Minutes to Tifton

Tract 17 = 12.

Tract 18 = 4.7

Tract 19 = 3.3

Tract 20 = 67.

Total Acres = 87.5

PROPERTY # 103

FARM # 3 - Darden Road

30.9+/- +/- Acres Divided Into 9 Tracts From 2.6 to 4.6 Acres

Farm 2 & 3:

• 54.7+/- Acres of Cropland

• 38.4+/- Base Acres of Upland Cotton

• Per Farm Service Agency

Directions To Farms 2 & 3: From downtown Lenox, travel north on U.S. 41 for approximately 1.5 miles to Darden Road, turn right, Farm # 3 is on the immediate left side of the road; continue approximately 1 mile to Farm # 2 on right side of road.

PROPERTY # 104

3 Bedroom, 2 Bath, 2,868 Sq. Ft. Home on Double Lot @ Robinson Street/41 South in Lenox

(This property is the sale site for all of the properties included in this auction.)

PROPERTY # 105

Lot on South Lott Street in Lenox

PROPERTY # 106

Lot on Robinson Street/41 South in Lenox

Directions to #’s 104, 105 & 106: From downtown Lenox, travel south on U.S. 41 to right on West Gray. Properties are at the corner of U.S. 41, West Gray Avenue & South Lott Street.

TERMS AND CONDITIONS OF AUCTION

Sale Site: All properties will be sold from the house on Robinson Street/41 South in Lenox.

Sale Date: The auction will be conducted on Thursday, December 2 at 11:00 a.m.

Registration: Registration will begin at 10:00 a.m. To register and receive a bidder number, you must show proof of $2,000 in cash, cashier’s check or certified funds with a bank letter of credit guaranteeing the balance of a twenty percent (20%) earnest money deposit. NO EXCEPTIONS WILL BE PERMITTED. A valid form of identification or driver’s license is also required in order to receive a bidder number.

Terms of Sale: The successful bidder of each tract of land must submit a twenty percent (20%) earnest money deposit of the purchase price on the day of sale with the balance due in thirty (30) days at closing. ($2,000 of the earnest money deposit must be in the form of cash, cashier’s check or certified funds, which are non-refundable.) A bank letter guaranteeing the balance of the earnest money deposit is required if made by personal check. NO FINANCING CONTINGENCY.

Purchase and Sale Agreement: Each purchaser of a tract of land will be required to complete and sign a Purchase and Sale Agreement immediately after the auction.

Financing: Financing is NOT a contingency of the sale, and as such the Sellers and Auctioneer recommend that all prospective bidders know in advance that they are capable of obtaining the necessary financing to close the transaction. If the purchaser can not purchase the property because he can not fulfill terms or does not qualify for financing, purchaser can either close for cash within the contractual time or forfeit its earnest money.

10% Buyer’s Premium: A ten percent (10%) buyer’s premium will be added to the final high bid on each property. The final bid amount plus the ten percent (10%) buyer’s premium equals the final purchase price. The final purchase price on land will be determined at closing and will be based on actual surveyed acres times bid price per acre, plus the ten percent buyer’s premium.

Closing Attorney: All closings will be conducted at the law firm of Howard E. McClain, 201 East Fifth Street, Adel, Georgia 31620 (229) 896-7644. The Sellers will be responsible for paying the State of Georgia transfer tax, preparation of the warranty deed, proration of taxes for 2004, any back taxes, reasonable title corrective expenses and Auctioneer’s fee (as per separate agreement). All other closing costs will be the responsibility of the purchaser and will include but not be limited to purchaser’s closing attorney, collecting and disbursing of funds at closing and preparation of the closing statement. Additional closing costs will consist of recording fees, intangible taxes, title fees, financing expenses, title insurance, appraisals, inspection reports and survey. Loan closing costs are at the purchaser’s expense if purchaser chooses to finance the property.

Survey: Each farm will be surveyed prior to closing by Carter Surveying, LLC, a Georgia Registered Land Surveyor. (R.L.S. No. 2959) The cost will be 22 cents per linear foot on all exterior lines and 11 cents per linear foot on all common lines between the purchasers. The final purchase price of each tract will be determined by multiplying the high bid per acre by the number of actual surveyed acres rounded to the nearest one thousandth of an acre, plus the ten percent buyer’s premium. Boundary lines will be determined by field survey and may vary from field markers. Acreage and dimensions of the tracts may vary according to actual survey. Any purchaser wanting lines opened must pay an additional fee to the surveyor. Cost of survey will be collected at closing. All expenses incurred by the survey will be paid by the purchaser, regardless of whether the property sells in tracts, combination of tracts or as a whole.

Possession of Property: Possession of the property will be given at closing subject to any outstanding leases.

Leases: There are existing cropland leases that will remain in effect should closings take place prior to any lease end/expiration. No Lease Prorations.

Confirmation: Property is selling subject to owner confirmation.

Agency Disclosure: The Auctioneer/Realtor is acting as agent for the Sellers and not as agent for the purchasers.

Buyer’s Note: Information contained herein was obtained from sources deemed reliable. Although every precaution has been taken to ensure accuracy, Hilda W. Allen Real Estate, Inc., Sellers, Sales Managers, and all their agents will not be responsible for any errors or omissions. Accuracy is not warranted in any way including but not limited to information set forth herein concerning property taxes, utilities, zoning, acreage per transaction, and square footages of improvements. Purchaser should inspect and verify all items and make his/her own decision as to the accuracy thereof before relying on same. Items may be added or deleted without notice. Bid increments are at Auctioneer’s discretion.

Lead Base Paint Disclosure: Houses built prior to 1978 may contain lead based paint. Sellers have not had a risk assessment for lead based paint done on the property. Prospective buyers will have ten calendar days from the first Special Preview held on Friday, November 19 to conduct a lead based paint risk assessment of the property at buyer’s expense.

ALL ANNOUNCEMENTS MADE AT THE AUCTION TAKE PRECEDENCE OVER WRITTEN MATTER AND PRIOR ORAL STATEMENTS. The Auctioneer and Sellers do not have any liabilities for any oral or written representations, warranties or agreements relating to the property (including information appearing in this brochure, property information packages, or announcements made at the time of the auction) except as expressly set forth in the Purchase and Sale Agreement. Purchasers accept all conditions, restrictions, and easements of record. There is no obligation on the part of the Sellers or Auctioneers to accept any backup bids in the event the high bid falls through and to update this information.