TERMS & CONDITIONS FOR THIS AUCTION:

1. Terms and Conditions

(a) Purchaser(s) agrees to purchase property in "AS IS" condition. Any inspections or property research prior to bidding is the responsibility of the purchaser. The Auction Company only relays information of common knowledge and that given by the Seller. The Auction Company cannot deem that information as factual.

(b) Purchaser(s) agree to pay a sum of 10 PERCENT deposit at time of purchase in cash, certified funds, bank letter of credit, or approved check. The remaining 90% is due on or about thirty (30) days at closing. If Purchaser defaults by either (1) volunteering to withdraw from this contract, (2) cannot secure financing within the 30 day period, (3) allows the thirty (30) days to lapse, or (4) for any reason does not complete the purchase transaction within the 30 Day Period; the Purchasers' Deposit will be forfeited.

(c) Seller shall pay any real estate transfer or excise tax and the cost of deed preparation. Property Taxes for the current year, any deferred ad valorem taxes due as a result of the closing (except deferred taxes for prior years, which are the seller's sole responsibility) and Owners Association Dues or other like charges shall be prorated on a calendar year bases as of the date of closing. The Buyer is responsible for all other expenses in connection with Buyer's purchase of the property, including, but not limited too, the expense of any survey ordered for the benefit of the buyer, compensation of the closing agent, recording fees or preparation fees for any other documents.

(d) Earnest Money. Unless otherwise provided, earnest money deposits paid toward the purchase price shall be held by Weese Auction Company, Inc, in escrow with SKYLINE Bank & Trust (BB&T) in Wytheville VA, until the consummation or termination of the transaction. Any earnest money forfeited by reason of the Buyer's default under the "Agreement to Purchase Real Estate at Auction" will be divided as follows: (a) Weese Auction Company, Inc. will be paid the full commission earned and advertising cost (if paid by auction agent), (b) then, the seller will be awarded any proceeds remaining.

THIS PROPERTY IS SOLD BASED UPON OWNERS COMFORMATION.

ONLINE AUCTION ONLY 24+/- ACRE COMMERCIAL PROPERTY WYTHEVILLE, WYTHE COUNTY – VA Corner Nye Road & Lovers Lane WEESEAUCTIONCO.HIBID.COM BIDDING ENDS: APRIL 30 @ 9 PM This Commercial Property is located off of Exit 73 at the Intersections of Interstate 81 & Interstate 77 in Virginia. It has visibility from the interstate and is located on the service road with easy access from 4 entrances. The Property has over 3,000 ft of Road Frontage on two roads – Nye Road & Lovers Lane. There is a Industrial Park just off of the end of Lovers Lane with several large Manufacturing Companies -- Gatorade & Gatorade Bottling Companies, Car Part Manufactoring, Pipe Manufactoring Company, & others local businesses. Also Exit 73 is abundant with Hotels & Eateries. The property has been timbered several years ago, and the land currently has mixed growth. Several roads have been cleared for viewing. Property would be perfect for commercial development – Manufacturing * Motel/Hotels * Restaurant * Gas Station * Storage (2008 Daily Traffic Numbers – 45,000) --- Public Water 2 ½ Hours from Charlotte - 1 Hour from Roanoke 30 Miles from WVA Line – 1 ¼ Hour from Bristol TN Wythe County is a very progressive community with vibrant businesses, a local community college, great schools, and family atmosphere. wythecounty.org visitwytheville.com Call me today about the POSSIBILITIES!! Weese Auction Company, Inc. 4502 Grayson Tpke (Hwy 21), Crockett VA 24323 276-686-4575 Cell: 276-266-7098 weeseauctionco.com VAFL 0964 An Auction. What a Great Idea! Licensed in VA, NC, SC