•To bid on this Property, you must be an Owner-Occupant Buyer (Buyer will be required to sign a statement that Buyer intends to use the Property as their Principal Residence), a HUD-approved Nonprofit, or a Governmental Entity.

•Property is being sold in an “as is” condition, and the condition is unknown and may include defects, possible health or safety hazards, or debris, or be located in a Special Flood Hazard Area.

•Proof of Funds Required. The seller requires that the high bidder be able to demonstrate proof of funds or financing pre-qualification within 24 hours of the auction. Buyer must obtain a “pre-qualification” letter from a lender of their choice. If buyer intends to pay with cash, a bank letter or other financial account statement showing proof of sufficient funds to cover 100% of the purchase price will be required (account numbers should be removed or redacted). Buyer understands and agrees to submit said documentation to auctioneer within 24 hours of the auction.

• Utilities Disclosure.  The utilities to this property are not currently “turned on” and the property has been winterized.  Utilities will not be turned prior to closing, regardless of inspections.  Buyer will need to consider this and account for it if/when inspecting the property.  Buyer is responsible for utility transfer post-closing.

•Occupied Property Disclosure. Buyer acknowledges and understands that property herein is occupied. Buyer accepts responsibility for eviction, lease or rental negotiation, or other remediation, as Buyer finds necessary in order to clarify legal occupancy status. Buyer agrees to hold Seller, Williams & Williams, and its agents harmless from any and all results therein.

•Occupied Property and Utility Usage Disclosure.  Buyer acknowledges and understands that property herein is occupied and utilities have not been disconnected. Buyer accepts responsibility for eviction, lease or rental negotiation, or other remediation, as Buyer finds necessary in order to clarify legal occupancy status.  Buyer further shall be responsible for payment of utilities consumed and used by tenants.  Any collection or reimbursement of said utility payment s by tenants shall be the sole responsibility of the Buyer.  Buyer agrees to hold Seller, Williams & Williams, and its agents harmless from any and all results therein.  Buyer is advised to conduct a thorough investigation of the property’s utility usage and any associated costs and expenses associated with usage.

Redemption Notice.  Buyer acknowledges that this property may be bound by the state rules of redemption. The foreclosed debtor, junior lien holders, spouse of debtor, heirs, among others have up to one year from the date of the foreclosure to redeem the property, depending upon specific circumstances. Redemption period does not prohibit conveyance. The redeeming party must pay to the new buyer the foreclosure purchase price, plus  interest as defined in state law for money judgments in Alabama code 8-8-10, accruing from the date of foreclosure sale to the date of redemption, plus lawful charges as that term is defined in Alabama code 6-5-253. Redemption will expire no later than  _________________. Buyer acknowledges that buyer has no rights, claims, or recourse against seller for any loss or damage resulting from redeeming party’s exercise of redemption rights.

Lot 4, Steppville Gardens, a Subdivision in the City of Hanceville, Alabama, set out according to the map or plat recorded a Map Book 2008, Page 5, Office of the Judge of Probate of Cullman County, Alabama.