TERMS OF SALE: Ten percent (10%) of the sales price shall be paid by cash, cashier’s

check, or check guaranteed by bank letter of credit in acceptable form, in hand on the day of sale

(the “Good Faith Deposit”), with the balance to be paid in cash at closing within 30 days after the

date of sale. The sale of the Subject Property will be made subject to all exceptions, reservations,

rights of way, easements, conditions, covenants, restrictions, leases and other servitudes of record,

if any, pertaining to said real estate, and any and all unpaid taxes assessed against the Subject

Property.

The Subject Property shall be sold “AS IS” and “WITH ALL FAULTS.” The Substitute

Trustees shall not be liable for any representations or warranties respecting the physical condition,

size or characteristics of the Subject Property. Conveyance shall be by special warranty deed, and

purchaser shall pay for all transfer stamps, recording fees, and other closing costs.

The risk of loss or damage to the Subject Property shall be borne by the foreclosure

purchaser from and after the at the time of sale. Further, the Substitute Trustees shall be under no

duty to cause any existing tenant or person occupying the Subject Property to vacate said property,

and any personal property and/or belongings remaining at the Subject Property after the

foreclosure sale will be deemed to constitute ABANDONED PROPERTY TO BE DISPOSED OF

ACCORDINGLY BY THE FORECLOSURE PURCHASER.

Pursuant to the express terms of the Deed of Trust, the Substitute Trustees may act

by agent in the execution of the sale. Joe R. Pyle Auction Service will assist with the sale and shall

require a 10% buyer’s premium payable directly to Joe R. Pyle Auction Service at the sale. Any

sale hereunder may be adjourned from time to time without notice other than oral proclamation at

the time and place appointed for the sale. The Substitute Trustees reserve the right to reject any or

all bids. The party secured by the Deed of Trust reserves the right to purchase the Subject Property

at such sale.

Additional terms and conditions shall be announced at the sale.

At public sale any person or entity may bid and may purchase any real estate sold if they

should be the highest bidder. If the real estate is sold for an amount in excess of the outstanding

balance of the mortgage, together with all interest, unpaid real estate taxes and costs, said excess

must be used to satisfy any other encumbrances on said property and after all said encumbrances

are satisfied together with all interest and costs, any excess then remaining must be paid to the

grantor. If the grantor or any person holding an encumbrance cannot be found after a diligent

search, the money shall be paid into the Circuit Court of the county for the benefit of the grantor

or the holder of any such encumbrance.

In the event that there are federal tax liens against the Subject Property, the United States

would have the right to redeem the Subject Property within a period of 120 days from the date of

such sale or the period allowable for redemption under local law, whichever is longer.