Sequoyah Hills, Tennessee 1 Sequoyah Hills, Tennessee

DISCLAIMER

This Bidder’s Information Packet is solely intended to provide interested parties with preliminary information only and is not a solicitation of offers and does not constitute an offer to sell. The delivery of this material to any person shall not create any agency relationship between such person and Furrow Auction Company. The information included herein is believed to be correct, but it is not guaranteed; some of the information furnished is from outside sources deemed to be reliable but is not certified as accurate by the seller or Furrow Auction Company. All of the information contained herein is subject to corrections, errors and omissions. All bids must be based on the bidder’s own investigation of any property offered herein and not on any representations made by any selling broker or any other party. Neither seller or Furrow Auction Company makes any representation or warranty, express or implied, with respect to the property identified herein, and the property is being sold in an “AS-IS, WHERE-IS, WITH ALL FAULTS” condition except as specifically stated in the purchase and sale contract.

This property is offered for sale to qualified purchasers without regard to potential purchaser’s race, color, religion, sex, marital status or national origin.

All announcements made at the auction or in the bid offering take precedence ov er any other information or printed material. Property may be added or deleted without notice or penalty.

All prospective bidders are specifically advised to refrain from exclusive reliance on the information provided herein as a basis for making a bid on the property. Prospective purchasers are further encouraged to conduct a personal inspection of the property which they contemplate purchasing.

Table of Contents

1. Property Overview

2. Real Estate Terms & Conditions

3. About Sequoyah Hills

4. Tax Information

5. Utility Information

6. Zoning Information

7. School Information

8. Title Commitment

9. Sample Sale Day Contract

10. Sample Deed KGIS - Property Map and Details Report Page 1 of 1

Parcel 121DC048 - Property Map and Details Report

Property Information

Location Address: 4636 ALTA VISTA WAY CLT Map: 121 Insert: D Group: C Condo Letter: Parcel: 48 Parcel ID: 121DC048 Parcel Type: District: 24 Ward: 24 City Block: 24820 Subdivision: CHEROKEE HILLS Rec. Acreage: 0 Calc. Acreage: 0 Recorded Plat: 18 - 114 Recorded Deed: 20120201 - 0042332 Deed Type: Deed:Quit Claim Deed Date: 2/1/2012

Address Information Owner Information

Site Address: 4636 ALTA VISTA WAY THE TRUST COMPANY OF KNOXVILLE & FOSTER ARNETT KNOXVILLE - 37919 JR EXEMPT FAMILY TRUST Address Type: RESIDENTIAL 4823 OLD KINGSTON PIKE Site Name: CHEROKEE HILLS KNOXVILLE, TN 37919 The owner information shown in this section does not necessarily reflect the person(s) responsible for Last Year's property taxes. Report any errors to the Knox County Property Assessor's office at (865) 215-2365. Jurisdiction Information MPC Information

County: KNOX COUNTY Census Tract: 71 City / Township: Knoxville Planning Sector: West City Please contact Knox County Metropolitan Planning Commission (MPC) at (865) 215-2500 if you have questions. Political Districts School Zones

Voting Precinct: 24Q Elementary: SEQUOYAH ELEMENTARY Voting Location: Sequoyah Hills School Intermediate: 942 SOUTHGATE RD Middle: BEARDEN MIDDLE TN State House: 13 Eddie Smith High: WEST HIGH TN State Senate: 6 Becky Duncan Massey Please contact Knox County Schools Transportation and Zoning Department County Commission: 4 Hugh Nystrom at (865) 594-1550 if you have questions. Bob Thomas Ed Brantley City Council: 2 Duane Grieve School Board: 4 Lynne Fugate Please contact Knox County Election Commission at (865) 215-2480 if you have questions. Disclaimer: KGIS makes no representation or warranty as to the accuracy of this map and its information nor to its fitness for use. Any user of this map product accepts the same AS IS, WITH ALL FAULTS, and assumes all responsibility for the use thereof, and further covenants and agrees to hold KGIS harmless from any damage, loss, or liability arising from any use of the map product. Independent verification of all information contained on this map should be obtained by any user.

Proprietary Info: The map products and databases on this Web Site have been copyrighted by the KGIS Policy Board. The KGIS Policy Board hereby reserves all rights thereto, and no portion of the products or databases on this Web Site may be reproduced in any form or by any means without the express written authorization of the KGIS Policy Board or its authorized agents.

http://www.kgis.org/PropertyMapAndDetailsReport/PropertyReport.aspx?parcelid=121DC... 1/10/2017 KGIS - Property Map and Details Report Page 1 of 1

Parcel 121DC047 - Property Map and Details Report

Property Information

Location Address: 0 ALTA VISTA WAY CLT Map: 121 Insert: D Group: C Condo Letter: Parcel: 47 Parcel ID: 121DC047 Parcel Type: District: 24 Ward: 24 City Block: 24820 Subdivision: CHEROKEE HILLS Rec. Acreage: 0 Calc. Acreage: 0 Recorded Plat: 18 - 114 Recorded Deed: 20110720 - 0003443 Deed Type: Deed:Special Wa Deed Date: 7/20/2011

Address Information Owner Information

Site Address: 0 ALTA VISTA WAY HOME FEDERAL BANK OF TENNESSEE TR & FOSTER KNOXVILLE - 37919 ARNETT JR EXEMPT FAMILY TRUST Address Type: UNUSED LAND 4823 OLD KINGSTON PIKE Site Name: CHEROKEE HILLS KNOXVILLE, TN 37919 The owner information shown in this section does not necessarily reflect the person(s) responsible for Last Year's property taxes. Report any errors to the Knox County Property Assessor's office at (865) 215-2365. Jurisdiction Information MPC Information

http://www.kgis.org/PropertyMapAndDetailsReport/PropertyReport.aspx?parcelid=121DC... 1/10/2017 KGIS Copyright - 2017

Aerial Map Printed: 1/10/2017 at 11:19:39 AM 0 50 100 200

Knoxville - Knox County - KUB Geographic Information System ft

KGIS makes no representation or warranty as to the accuracy of his map and its information nor to its fitness for use. Any user of this map product accepts the same AS IS ,WITH ALL FAULTS, and assumes all responsibility for the use thereof, and futher covenants and agrees to hold KGIS harmless from any and all damage, loss, or liability arising from any use of this map product. KGIS Copyright - 2017

Tax Map Printed: 1/10/2017 at 11:13:05 AM 0 50 100 200

Knoxville - Knox County - KUB Geographic Information System ft

Payment: The Successful bidder shall pay an amount of 10% of the purchase price (including Buyer’s Premium) (Earnest Money) and is due by 4:00 pm February 25th, 2017 in the form of cash, cashier’s check or wire transfer, plus a real estate sales contract must be signed. Balance is due in certified funds at closing. NO EXTENSIONS AVAILABLE.

Buyer’s Premium: There is a 13% Buyer’s Premium in effect for this auction.

Terms for Online Bidding: The online registration will need to be completed, including credit card information which will be verified and approved, and the credit card will be charged $1.00 for this process. If you are the successful bidder and do not deliver the earnest money as outlined above, a charge of 10% of the Purchase Price will be placed on the credit card plus a 3% credit card fee. The card is for verification purposes to ensure we have serious bidders. The balance of the contract price will be paid in full at closing no later than 20 days from date of contract. The successful online bidder will be notified immediately following the closing of the auction and issued the sales contract. The executed sales contract shall be submitted per the instructions received with the contract. If you have any questions, please call our office at 865-546-3206.

BUYER’S PREMIUM: A 13% buyer’s premium will be added to the high bid. Example: For each $10,000 a 13% buyer’s premium of $1,300 will be added to arrive at the total purchase price.

AGENCY: Furrow Auction Company, auctioneer/broker, is acting exclusively as agent for the seller.

CLOSING ATTORNEY: Closings will be conducted by Tennessee Valley Title, Knoxville, TN., Tracey Axtell, Phone # 865-523-6254. Taxes to be pro-rated at closing. Buyer shall pay: (1) all title examination updates and insurance (at Buyer’s option and expense); (2) one-half closing fee; (3) recording of deed. For questions regarding closings contact Rob Strickland, Furrow Auction Company, 865-546-3206 or email [email protected].

DISCLAIMER: Property is selling “as-is, where-is” with all faults and is selling subject to easements, leases, restrictions, covenants, conditions, zoning HOA and POA fees and all other matters which would be revealed by a current survey or an inspection of the property or which is contained in public records. Seller reserves the right to cancel the sale. Property will be conveyed by a “Limited Warranty Deed”. Information contained herein was obtained from sources deemed reliable. The seller and their agents reserve the right to place bids on the property up to the seller’s reserve at their sole discretion. The property will sell “as-is, where-is” with no warranty, expressed or implied, as to improvements, soil condition, environmental and wetlands, or zoning. No personal property conveyed with real estate. Neither the seller, Furrow Auction Company nor their agents will be responsible for any errors or omissions herein. Bidders should carefully verify all information and make their own decisions as to the accuracy thereof before submitting their bid. Purchaser or purchaser’s representative will acknowledge by signature of the Contract of Sale they have inspected the property. The terms of the Contract of Sale are controlling in the event of any perceived inconsistency between its terms and any statements or other advertisement.

Cash Sale: This is a cash sale and is not contingent on Purchaser’s ability to obtain financing.

Possession: Purchaser will receive possession at closing.

No New Survey: The Property shall be conveyed by the existing legal description.

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, material status, national origin, or physical handicap.

Debt Collection and Interest Charge: The bidder agrees to pay all reasonable attorney fees and other costs incurred by Furrow Auction Company in its efforts to collect unpaid funds from the bidder. The bidder agrees that a fee of 2% of the outstanding balance per month be added to any unpaid balance due Furrow Auction Company. Any debt collection or dispute proceedings will be heard in Knox. County.

Guaranty Agreement: By submitting a bid in the name of a business entity or corporation, the individual submitting the bid enters into a guaranty agreement whereby he or she personally guarantees payment of any bid amount not paid when due by the business entity or corporation, for any reason, together with all collection expenses incurred to enforce collection, including a reasonable attorney’s fee.

Age Requirement: All bidders must be 18 years of age or older. Sequoyah Hills, Tennessee 1 Sequoyah Hills, Tennessee

Talahi Improvements U.S. National Register of Historic Places

U.S. Historic district

Panther Fountain

Location: Cherokee Boulevard, Iskagna Drive, Kenesaw Avenue, Keowee Drive, Talahi Drive, Taliluna Avenue and Tugaloo Drive Knoxville, Tennessee

Coordinates: 35°56′09″N 83°57′24″W

[1] Area: 18 acres (unknown operator: u'strong' ha)

[1] Built: 1929

NRHP Reference#: 79002447

Added to NRHP: December 26, 1979

Sequoyah Hills is a neighborhood in Knoxville, Tennessee, USA, located off Kingston Pike between the city's downtown area and West Knoxville. Initially developed in the 1920s, Sequoyah Hills was one of Knoxville's first suburbs, and today is home to some of the city's most affluent residents. The neighborhood contains numerous notable examples of mid-20th century residential architecture, with houses designed by architects such as Charles I. Barber, Benjamin McMurry, and Francis Keally.[2] Sequoyah Hills is named for the Cherokee scholar Sequoyah (c. 1767–1843), inventor of the Cherokee alphabet.[3] Originally an agrarian area known as Looney's Bend, the modern Sequoyah Hills neighborhood is largely rooted in the development efforts of 1920s-era visionary entrepreneurs E. V. Ferrell, who developed the Scenic Drive area, and Robert L. Foust, who established the "Talahi" subdivision in the vicinity of Cherokee Boulevard and Talahi Drive.[2] Foust and Ferrell advertised their respective developments as utopian getaways where Knoxville's elite could escape from the ills of congested city life.[1] While the Great Depression led to the financial collapse of the Talahi project and Foust's subsequent suicide, Sequoyah Hills nevertheless continued to develop over the years as Foust had envisioned.[2] Cherokee Boulevard was home to Knoxville's first Dogwood Arts Trail, which was established in 1955.[4] In 1979, the Talahi Improvements, which consist of several early landscape elements from Foust's Talahi development, Sequoyah Hills, Tennessee 2

were listed on the National Register of Historic Places.[1]

Location

Sequoyah Hills is located on a peninsula created by a bend of the Tennessee River known as Looney's Bend. The neighborhood is bounded by the river on the east, south, and west, and by Kingston Pike (US-70/US-11) on the north, though the Kingston Pike/Sequoyah Hills Neighborhood Association includes several streets just north of Kingston Pike. The area is generally hilly, with a 10 to 15-foot bluff rising above the rivershore along most of the neighborhood's southern edge. Entrance to Sequoyah Hills at intersection of Cherokee Boulevard and Kingston Pike From the edge of the bluff, the land gradually slopes upward, reaching approximately 40 feet (unknown operator: u'strong' m) above the river, affording houses along the upper slopes sweeping views of the river and Knoxville in the distance.

Sequoyah Park, which occupies most of the south side of the neighborhood, lies in the floodplain between the rivershore and base of the bluff. Cherokee Boulevard, a true boulevard with a grassy median dividing the right and left lanes, runs in a U-shape around the edge of the peninsula. The other main road, Scenic Drive/Southgate Road, runs roughly north-to-south across the center of the peninsula. A small commercial center, known as Council Point,[2] is concentrated around the intersection of Kenesaw and Keowee avenues.

History

Early history

What is now Sequoyah Hills was inhabited by Native Americans as early as the Late Woodland period (c. 500–1100 A.D.), as indicated by a 1,000-year old Indian mound that rises in the median of Cherokee Boulevard.[5] By the 18th century, the area was under control of the Cherokee, whose Overhill towns lay along the Little Tennessee River to the southwest. The neighborhood's namesake, Sequoyah, was born in the Overhill town of Tuskegee around 1767.[6] Late Woodland burial mound along Cherokee Boulevard In 1796, Moses Looney (1750–1817), who had served in various capacities with the failed State of Franklin during the 1780s,[7] acquired a 700-acre (unknown operator: u'strong' ha) tract of land in what is now Sequoyah Hills.[2] He and his descendants would remain on this land for several decades, and the area became known as "Looney's Bend." Other early landowners in the Sequoyah Hills area included future Knoxville mayor James Park, who purchased a 200-acre (unknown operator: u'strong' ha) tract in 1804, William Lyon, who built a house and mill near the modern intersection of Lyon's View Pike and Northshore Drive around 1810, and Drury Armstrong (builder of Crescent Bend), who acquired a large tract of land west of modern Scenic Drive in 1846.[2]

The oldest house in Sequoyah Hills, which currently stands at 715 Scenic Drive, was originally built in the 1850s as a tenant house on the farm of Allen Johnson (1808–1898).[2] Around 1814, George White, a son-in-law of James Park and a grandson of Knoxville founder James White, built a house along what is now Woodhill Drive. While this house is no longer standing, the remnants of a barn that accompanied the house can be seen on along Scenic Drive.[2] Sequoyah Hills, Tennessee 3

Early development

In 1890, Francis Huger, superintendent of the East Tennessee, Virginia and Georgia Railway, acquired over 450 acres (unknown operator: u'strong' ha) in Sequoyah Hills with the intent of moving a steel mill to the area. The Panic of 1893 doomed this venture, however, and the land was distributed to Huger's creditors in 1908.[2] Knox County road commissioner Peter Blow (1854–1945) built a house on the south bank of the river opposite Sequoyah Hills in 1910, where he operated

a ferry. Blow's Ferry Road, which connected the ferry to The "old" Cherokee Country Club, circa 1910 Kingston Pike, is believed to have been built along a trail that once accessed a cemetery containing the graves of Civil War soldiers and slaves.[2]

In 1907, several Knoxville businessmen established the Cherokee Country Club on Lyon's View Pike, and erected a clubhouse on a hill with a commanding view of the river valley and the Great Smoky Mountains beyond. This original clubhouse was eventually demolished, and replaced with the current building, designed by the noted Knoxville architectural firm Baumann and Baumann, in 1928.[3] In 1913, trolley tracks were extended along Kingston Pike to its Lyon's View Pike junction, aiding in the development of the area.[5] What is now Sequoyah Hills was annexed by Knoxville in 1917.[8] With the advent of the automobile, affluent Knoxvillians began fleeing the congested urban neighborhoods for more spacious areas on the city's periphery. By 1920, several elegant residences, such as the H.L. Dulin House (1915) on Kingston Pike and the C. Powell Smith (1913) and E.C. Mahan (1920) residences on Lyon's View Pike, had been built near Sequoyah Hills.[2] In 1921, Regal Manufacturing president S. D. Coykendall commissioned noted Knoxville architectural firm Barber & McMurry to build a house on what is now Scenic Drive.[2]

Talahi and Sequoyah Hills In the mid-1920s, E. V. Ferrell began major residential development in Sequoyah Hills. To connect his holdings along the peninsula, he built Cherokee Boulevard (named for the Indian mound in the road's median),[1][3] and improved Scenic Drive as far as its modern intersection with Bluff and Southgate (a gate at this point inspired the name of the latter).[2] Ferrell chose the name "Sequoyah Hills" to match the name of Cherokee Boulevard.[1] By 1924, houses had been built at 901, 919, 927 and 937 Scenic Drive,[2] and fifty lots had been sold by the end of the decade.[1] In 1926, Robert Foust, a partner in the real estate firm Alex McMillan Company, purchased a 100-acre (unknown operator: u'strong' ha) tract of land on the southeast section of Looney's Bend with plans to develop a premier subdivision for Knoxville.[1] Foust envisioned a neighborhood for those "who insist upon and can afford the best," and where "all the ugliness of city life has been shut [1] out." He named the new subdivision "Talahi," Cherokee Prairie-style house along Scenic Drive, built in 1924 for "standing oak forest."[3] The new neighborhood, Foust believed, would bring together "an Indian past, a technical future, and a natural forest setting."[1]

Foust recruited landscape engineer Earle S. Draper to oversee Talahi's complex landscape designs. The plans called for curvilinear streets, preservation of mature trees wherever possible, and underground utilities.[1] Lot sizes were to be no less than 5,000 square feet, and were restricted to single-family homes.[1] Foust's restrictions called for all houses to be built in English Cottage or American Colonial Revival styles (this restriction was abandoned by Sequoyah Hills, Tennessee 4

subsequent developers).[1] A country club was to be built along the river bank.[1] Between 1927 and 1929, Foust constructed several landscape features, including entrance pylons, fountains, and a park (Papoose Park). Talahi was opened to sales in the Spring of 1929.[1] Unfortunately, only one lot— 940 Cherokee Boulevard— was sold before the stock market crashed later that year. In the early 1930s, lots in Talahi, originally marketed in the $4,000 to $10,000 range, were selling for just $600.[1] His finances in ruins, Foust committed suicide in September 1933.[1]

Notable buildings and structures

Talahi Improvements

Before the stock market crash ruined his development efforts in 1929, Foust managed to complete several landscape improvements in the proposed Talahi subdivision. These include gateposts at either end of the subdivision along Cherokee Boulevard, two fountains, a park, streetlight standards, and stone benches. The roads were originally paved in concrete, which has been preserved along parts of Talahi Drive, Iskagna Drive, and Taliluna Avenue.[1]

The Talahi Improvements are concentrated primarily between the intersections of Talahi Drive and Cherokee Boulevard and Talahi Drive and Taliluna Avenue, with islands in both intersections containing the two fountains, called "Sunhouse Fountain" and "Panther Fountain," respectively. Papoose Park, which is surrounded by an iron fence, is situated in the median along Talahi Drive between the two intersections. Stone walls with inset benches form a broken circle around the Cherokee Boulevard/Talahi Drive intersection, with the north walls Gatepost along Cherokee Boulevard opening toward Papoose Park, and the south walls opening toward the lake, where the proposed country club was to have been built.[1]

Sunhouse Fountain is a circular stone fountain with twelve small posts, each decorated with a sunburst motif, and each originally surmounted by a bronze frog (the frogs have since been removed).[1] Panther Fountain is a circular fountain with a central obelisk resting atop a base of varying geometric shapes. Water was discharged through panther heads on each of the four sides of the base. Cherokee motifs decorate the gateposts, pylons, and fountains, suggesting inspiration from both Cherokee folklore and the Art Deco movement's emphasis on abstract figures.[1] Sequoyah Hills, Tennessee 5

Houses • The Jenkins House on Cherokee Boulevard, built in 1955 and designed by noted Knoxville architect Ben McMurry, Jr., of the firm Barber & McMurry. In 2008, the magazine Oxford American profiled this house in its list of the best modern homes of the southeast.[9] • University of Tennessee president's house (940 Cherokee Boulevard), a Georgian Revival-style house built by Nashville surgeon Walter S. Nash in the 1930s after the Nash family home in downtown Knoxville was demolished for the construction of the Knoxville Post Office. Nash purchased the sole lot in Talahi before the company collapsed into financial ruin. The University of Tennessee purchased the house in 1960 from Nash's son-in-law and daughter, Ray UT president's house at 940 Cherokee Boulevard Jenkins and Eva Nash Jenkins, and used it as its presidential mansion until 2009.[10]

• Thomas House (715 Scenic Drive), the oldest extant house in Sequoyah Hills, originally built in the 1850s as a tenant house on the farm of Allen Johnson. The Towle family purchased the farm in 1899, and in turn sold it to developer N.E. Logan in 1923.[2] • 726 Scenic Drive, a one-story Minimal Traditional-style Gunnison home built in 1948. Gunnison homes were a type of prefabricated house popular in the years following World War II.[2] • 934 Scenic Drive, a 2.5-story Tudor Revival-style house built in 1928, and designed by landscape architect Elizabeth Dunlap.[2] • 937 Scenic Drive, a two-story Neoclassical-style house built in 1924, and designed by the architectural firm Barber & McMurry.[2] • 1029 Scenic Drive, a two-story Neoclassical-style house built in 1930, and designed by the architectural firm Barber & McMurry.[2] • Lockett House (1065 Scenic Drive), a two-story Neoclassical style house built in 1931, and designed by the architectural firm Baumann and Baumann. The property includes an old log cabin moved from Jefferson County.[2] • 1079 Scenic Drive, a two-story art moderne house built in 1935, and designed by landscape architect Elizabeth Dunlap.[2] • 1119 Scenic Drive, a 1.5-story Tudor Revival-style house built in 1940, and designed by noted architect Francis Keally.[2]

Other buildings Sequoyah Hills, Tennessee 6

• Sequoyah Elementary School, the original part of which (facing Sagwa Drive) was built in 1929, and designed by the architectural firm Barber McMurry.[11] • Sequoyah Hills Presbyterian Church, founded in 1947; the current church building was completed in 1954.[12]

Notable residents

Notable residents of Sequoyah Hills have included Senator Sequoyah Elementary School Howard H. Baker, Jr., businessman Jim Clayton (owner of Clayton Homes), author Alex Haley, members of the Haslam family including Gov. Bill Haslam,[2] author Cormac McCarthy, actress Patricia Neal, Tennessee Volunteers football coach Robert R. Neyland, actor David Keith, Knoxville mayors George Roby Dempster and Benjamin Morton, and photographer James Edward Thompson.[2]

References [1] Anne Taylor, National Register of Historic Places Nomination Form for Talahi Improvements, April 1978. [2] Knoxville-Knox County Metropolitan Planning Commission, Scenic Drive Area of Sequoyah Hills Neighborhood - Designation Report and

Design Guidelines (http:/ / archive. knoxmpc. org/ plans/ dguides/ ScenicDr2006. pdf), September 2006. Retrieved: 20 December 2010.

[3] History of Kingston Pike/Sequoyah Hills (http:/ / www. sequoyahhills. org/ information/ history/ ). Retrieved: 20 December 2010.

[4] Dogwood Arts Trails - Sequoyah Hills (http:/ / www. dogwoodarts. com/ sequoyah_hills. html). Retrieved: 20 December 2010.

[5] Knoxville-Knox County Metropolitan Planning Commission, West Sector Plan - Historical Development and Historical Resources (http:/ /

archive. knoxmpc. org/ plans/ westcity/ backhist. htm), 9 August 2007. Retrieved: 20 December 2010.

[6] Gerald Schroedl, Overhill Cherokees (http:/ / tennesseeencyclopedia. net/ imagegallery. php?EntryID=O020). Tennessee Encyclopedia of History and Culture, 2002. Retrieved: 20 December 2010. [7] J.G.M. Ramsey. The Annals of Tennessee (Johnson City, TN: Overmountain Press, 1999), 288, 292. [8] East Tennessee Historical Society, Lucile Deaderick (ed.), Heart of the Valley: A History of Knoxville, Tennessee (Knoxville, Tenn.: East Tennessee Historical Society, 1976), p. 171.

[9] Golden 'Chutes (http:/ / www. metropulse. com/ news/ 2008/ may/ 21/ golden-chutes/ ). Metro Pulse, 21 May 2008. Retrieved: 20 December 2010.

[10] Chloe White Kennedy, UT Needs Appraisal to Sell President's House on Cherokee Boulevard (http:/ / www. knoxnews. com/ news/ 2009/

apr/ 28/ ut-plans-sell-presidents-house-cherokee-boulevard/ ). Knoxville News-Sentinel, 28 April 2009. Retrieved: 20 December 2010.

[11] Katherine Wheeler, Barber & McMurry Architects (http:/ / tennesseeencyclopedia. net/ imagegallery. php?EntryID=B006). Tennessee Encyclopedia of History and Culture, 2002. Retrieved: 20 December 2010.

[12] Sequoyah Hills Presbyterian Church - Church History (http:/ / sequoyahchurch. org/ modules/ main/ content. php?id=20). Retrieved: 20 December 2010. • Berwick, Sandy. Reflections on Sequoyah Hills (as told to Sandy Berwick, Chair, Kingston Pike-Sequoyah Hills Association Historical Committee). Knoxville, Tennessee: Kingston Pike-Sequoyah Hills Association Historical Committee, 1997. • Fletcher, Robert J (Jeff). A Historical Perspective of Talahi. (University of Tennessee unpublished paper, 1969.) • Isenhour, Judith Clayton. Knoxville - A Pictorial History. (Donning, 1978), page 128. Sequoyah Hills, Tennessee 7

External links

• Kingston Pike Sequoyah Hills Association (http:/ / www. sequoyahhills. org) — official neighborhood site

• National Register of Historic Places (Talahi section only) (http:/ / www. nationalregisterofhistoricplaces. com/ tn/

knox/ state2. html)

• Citation of Robert Fletcher's Unpublished Paper on the Talahi Improvements (http:/ / www. lib. utk. edu/ spcoll/

searchms/ brewer/ chron. html) Article Sources and Contributors 8 Article Sources and Contributors

Sequoyah Hills, Tennessee Source: http://en.wikipedia.org/w/index.php?oldid=470141976 Contributors: Adelemoore, Awiseman, BDSIII, Baxterguy, Bms4880, Davidwalker007, Ebyabe, Einbierbitte, Fromthehills, LeRoi, Miller17CU94, NoNonsenseHumJock, Orlady, Patriarca12, Pinball22, Rjwilmsi, Rmille20, Sketchglasses, UnitedStatesian, Utshane7, 19 anonymous edits Image Sources, Licenses and Contributors

File:Talahi-panther-fountain-tn1.jpg Source: http://en.wikipedia.org/w/index.php?title=File:Talahi-panther-fountain-tn1.jpg License: Creative Commons Attribution 3.0 Contributors: Brian Stansberry file:USA Tennessee location map.svg Source: http://en.wikipedia.org/w/index.php?title=File:USA_Tennessee_location_map.svg License: GNU Free Documentation License Contributors: Alexrk File:Red pog.svg Source: http://en.wikipedia.org/w/index.php?title=File:Red_pog.svg License: Public Domain Contributors: Anomie File:Sequoyah-hills-entrance-tn1.jpg Source: http://en.wikipedia.org/w/index.php?title=File:Sequoyah-hills-entrance-tn1.jpg License: Creative Commons Attribution 3.0 Contributors: Brian Stansberry File:Cherokee-boulevard-mound-tn1.jpg Source: http://en.wikipedia.org/w/index.php?title=File:Cherokee-boulevard-mound-tn1.jpg License: Creative Commons Attribution 3.0 Contributors: Brian Stansberry File:Old-cherokee-country-club-tn1.jpg Source: http://en.wikipedia.org/w/index.php?title=File:Old-cherokee-country-club-tn1.jpg License: Public Domain Contributors: Detroit Publishing Company File:Scenic-drive-sequoyah-hills-tn4.jpg Source: http://en.wikipedia.org/w/index.php?title=File:Scenic-drive-sequoyah-hills-tn4.jpg License: Creative Commons Attribution 3.0 Contributors: Brian Stansberry File:Talahi-pillar-detail-tn1.jpg Source: http://en.wikipedia.org/w/index.php?title=File:Talahi-pillar-detail-tn1.jpg License: Creative Commons Attribution 3.0 Contributors: Brian Stansberry File:Cherokee-boulevard-house-tn3.jpg Source: http://en.wikipedia.org/w/index.php?title=File:Cherokee-boulevard-house-tn3.jpg License: Creative Commons Attribution 3.0 Contributors: Brian Stansberry File:Sequoyah-school-tn1.jpg Source: http://en.wikipedia.org/w/index.php?title=File:Sequoyah-school-tn1.jpg License: Creative Commons Attribution 3.0 Contributors: Brian Stansberry License

Creative Commons Attribution-Share Alike 3.0 Unported //creativecommons.org/licenses/by-sa/3.0/ Tax Information – 4636 Alta Vista Way, Knoxville, TN

City of Knoxville: $2,810.20

Knox County: $2,392.00

Buyer is responsible for pro-rated share of current year property taxes

For more information, please contact the Knox County Trustee’s Office at office at (865) 215- 2305 or visit them at www.knoxcounty.org. Questions regarding City of Knoxville property tax information can be answered by calling 865-215-2084 or by visiting www.cityofknoxville.org.

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Taxes are levied for the calendar year and billed October 1. Current Tax Year 2016 Map of Property Taxes become delinquent on March 1.

Property Address: 4636 ALTA VISTA WAY Appraised Value: $263,600.00 County Tax Lookup THE TRUST COMPANY Owner Names: OF KNOX FOSTER Assessed Value: $65,900.00 ARNETT JR EXEMPT F 4823 OLD KINGSTON Owner Address: $ 2.7257 / PIKE KNOXVILLE TN Tax Rate: $100 37919 Property ID / Ward 121DC048 / 24 Tax Levy: $1,796.24 **Use the Printer Icon at the Subdivision: CHEROKEE HILLS Tax Discount: $0.00 top of the page to print tax report.** Block Lots: - /- / Tax for 2016 if paid in 01/2017 $0.00 Classification: RESIDENTIAL Taxes and Fees for Prior Years: $0.00 Calculation Date 1/10/2017 Total Balance Due: $0.00 For payment in a later month: 1/10/2017

Payment Information is correct as of 1/9/2017 Recalculate Please mail payments to City of Knoxville P. O. Box 1028 Knoxville, TN 37901

Tax Summary

Tax Year Receipt Number Status Last Date Paid Tax Levy Tax Balance Interest Penalty Suit Expense Court Cost Misc Fee Total

2016 078547 PAID 11/17/2016 $1,796.24 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

2015 017192 PAID 12/21/2015 $1,796.24 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

2014 015202 PAID 10/31/2014 $1,796.24 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

2013 039563 PAID 10/31/2013 $1,572.18 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

2012 010545 PAID 10/24/2012 $1,618.68 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

2011 022146 PAID 10/17/2011 $1,622.37 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

2010 031548 PAID 11/3/2010 $1,622.37 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

2009 022077 PAID 10/12/2009 $1,622.37 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

2008 021915 PAID 10/10/2008 $1,407.11 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

2007 021900 PAID 10/26/2007 $1,407.11 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

2006 021856 PAID 11/28/2006 $1,379.71 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

2005 021770 PAID 1/26/2006 $1,379.71 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

This website provides tax information for the City of Knoxville ONLY. Questions regarding information provided here can be answered by calling 865-215-2084 or email at [email protected].

For County tax information, contact Knox County Trustee at 865-215-2305 or www.knoxcounty.org/apps/tax_search

https://propertytax.knoxvilletn.gov/ptax_master_show_vw/ShowPtax_master_show_vw.as... 1/10/2017 Ptax Master Show VW Page 1 of 1

City Real Estate Property Taxes

New Search Return To Results List

Taxes are levied for the calendar year and billed October 1. Current Tax Year 2016 Map of Property Taxes become delinquent on March 1.

Property Address: ALTA VISTA WAY Appraised Value: $148,800.00 County Tax Lookup HOME FEDERAL BANK Owner Names: OF TENN FOSTER Assessed Value: $37,200.00 ARNETT JR EXEMPT F 4823 OLD KINGSTON Owner Address: $ 2.7257 / PIKE KNOXVILLE TN Tax Rate: $100 37919 Property ID / Ward 121DC047 / 24 Tax Levy: $1,013.96 **Use the Printer Icon at the Subdivision: CHEROKEE HILLS Tax Discount: $0.00 top of the page to print tax report.** Block Lots: - /- / Tax for 2016 if paid in 01/2017 $0.00 Classification: RESIDENTIAL Taxes and Fees for Prior Years: $0.00 Calculation Date 1/10/2017 Total Balance Due: $0.00 For payment in a later month: 1/10/2017

Payment Information is correct as of 1/9/2017 Recalculate Please mail payments to City of Knoxville P. O. Box 1028 Knoxville, TN 37901

Tax Summary

Tax Year Receipt Number Status Last Date Paid Tax Levy Tax Balance Interest Penalty Suit Expense Court Cost Misc Fee Total

2016 078546 PAID 11/17/2016 $1,013.96 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

2015 017191 PAID 12/21/2015 $1,013.96 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

2014 011292 PAID 11/5/2014 $1,013.96 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

2013 043970 PAID 10/31/2013 $887.48 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

2012 020527 PAID 11/2/2012 $1,110.08 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

2011 022145 PAID 10/18/2011 $1,110.08 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

2010 031547 PAID 11/3/2010 $1,110.08 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

2009 022076 PAID 10/12/2009 $1,110.08 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

2008 021914 PAID 10/10/2008 $760.81 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

2007 021899 PAID 10/26/2007 $760.81 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

2006 021855 PAID 2/1/2007 $760.81 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

2005 021769 PAID 1/26/2006 $760.81 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

This website provides tax information for the City of Knoxville ONLY. Questions regarding information provided here can be answered by calling 865-215-2084 or email at [email protected].

For County tax information, contact Knox County Trustee at 865-215-2305 or www.knoxcounty.org/apps/tax_search

https://propertytax.knoxvilletn.gov/ptax_master_show_vw/ShowPtax_master_show_vw.as... 1/10/2017 Property ID: 121DC-048 Owner(s) THE TRUST COMPANY OF KNOXVILLE & FOSTER ARNETT JR EXEMPT FAMILY TRUST Mailing Address 4823 OLD KINGSTON PIKE KNOXVILLE, TN 37919 Property Address 4636 ALTA VISTA WAY Property Class RESIDENTIAL Subdivision CHEROKEE HILLS Dimensions 150 X 227.5 Block Lot Ward / District

Tax Appraised Value Tax Assessed Value Tax Rate Total Due $ 263,600.00 $ 65,900.00 2.3200 $ 0.00

Tax Year Status Date Paid Payment Balance Due 2016 PAID 12/05/2016 1,529.00 0.00 2015 PAID 12/21/2015 1,529.00 0.00 2014 PAID 11/03/2014 1,529.00 0.00 2013 PAID 10/31/2013 1,529.00 0.00 2012 PAID 12/18/2012 1,553.00 0.00 2011 PAID 10/17/2011 1,556.00 0.00 2010 PAID 11/01/2010 1,556.00 0.00 2009 PAID 10/12/2009 1,556.00 0.00 2008 PAID 10/13/2008 1,347.00 0.00 2007 PAID 10/23/2007 1,347.00 0.00 2006 PAID 11/22/2006 1,321.00 0.00 2005 PAID 01/13/2006 1,320.79 0.00 2004 PAID 10/08/2004 1,323.12 0.00 2003 PAID 10/27/2003 1,323.12 0.00

Knox County Trustee | Main Office: City County Building | P.O. Box 70 | Knoxville, TN 37901 | P: 865.215.2305 Property ID: 121DC-047 Owner(s) HOME FEDERAL BANK OF TENNESSEE TR & FOSTER ARNETT JR EXEMPT FAMILY TRUST Mailing Address 4823 OLD KINGSTON PIKE KNOXVILLE, TN 37919 Property Address 0 ALTA VISTA WAY Property Class RESIDENTIAL Subdivision CHEROKEE HILLS Dimensions 146.5 X 227.5 Block Lot Ward / District

Tax Appraised Value Tax Assessed Value Tax Rate Total Due $ 148,800.00 $ 37,200.00 2.3200 $ 863.00

Tax Year Status Date Paid Payment Balance Due 2016 UNPAID 0.00 863.00 2015 PAID 02/12/2016 863.00 0.00 2014 PAID 08/13/2015 940.67 0.00 2013 PAID 10/31/2013 863.00 0.00 2012 PAID 12/18/2012 1,065.00 0.00 2011 PAID 10/17/2011 1,065.00 0.00 2010 PAID 11/01/2010 1,065.00 0.00 2009 PAID 10/12/2009 1,065.00 0.00 2008 PAID 10/13/2008 728.00 0.00 2007 PAID 10/23/2007 728.00 0.00 2006 PAID 11/22/2006 728.00 0.00 2005 PAID 10/04/2005 728.32 0.00 2004 PAID 10/08/2004 711.88 0.00 2003 PAID 10/27/2003 711.88 0.00

Knox County Trustee | Main Office: City County Building | P.O. Box 70 | Knoxville, TN 37901 | P: 865.215.2305 Utility Information – 4636 Alta Vista Way, Knoxville, TN

Water/Sewer/Electric/Gas – Knoxville Utilities Board

According to Customer Service with Knoxville Utilities Board, KUB are the providers of electric, water, sewer and gas to this address. The cost associated with transferring service to a new owner would be a $200 deposit (or less depending on credit and history with KUB) and a $20 service fee.

For more information please feel free to contact the Knoxville Utilities Board at (865) 524-2911 or visit their website at www.kub.org.

Zoning Information – 4636 Alta Vista Way, Knoxville, TN

R-1, Low Density Residential District (city of Knoxville)

This is the most restrictive residential district intended for low density residential land uses. Additional permitted uses, by review of the planning commission, include related noncommercial, recreational, religious and educational facilities normally required to provide the basic elements of a balanced and attractive residential area. These areas are intended to be defined and protected from the encroachment of uses not performing a function necessary to the residential environment. Internal stability, attractiveness, order and efficiency are encouraged by providing for adequate light, air, and open space for dwellings and related facilities and through consideration of the proper functional relationship of each element.

For more information, please contact the Knoxville/ Knox County Metropolitan Planning Commission at (865) 215 2500 or visit them at www.knoxmpc.org.

Zoning Map Printed: 1/10/2017 at 11:18:33 AM 0 50 100 200

Knoxville - Knox County - KUB Geographic Information System ft

School Information – 4636 Alta Vista Way, Knoxville, TN

According to Knox County Schools, the subject property is zoned for the following schools:

Elementary: Sequoyah Elementary

Middle: Bearden Middle

High: West High

For more information, please contact Knox County Schools at (865) 594-1905 or visit them at www.knoxschools.org.

furrow auction co.

SAMPLE SALES CONTRACT

DATE: February 25, 2017

This contract entered into this 25th Day of February, 2017 by and between ______the Seller; FURROW AUCTION COMPANY, with an address of 1022 Elm Street, Knoxville, TN 37921 (phone:865-546-3206) ,AGENT and______, with an address of______, BUYER.

WITNESSETH Pursuant to a bid placed at real property auction conducted by Agent on behalf of Seller and the terms and conditions agreed upon by Buyer in conjunction with Buyer placing a bid for purchase, Seller hereby agrees to sell to Buyer, and Buyer hereby agrees to purchase from Seller, subject to the conditions hereinafter set out, the following described premises: Approximately 3,706 sq. ft. two story home situated on approx.. 1.57 acres located at 4636 Alta Vista Way in Knoxville, TN and being known and designated as all of Lot 20B in DeWitt M. Shepard Jr.’s Revision of Lot 20, Cherokee Hills Addition, identified as Parcel/Tax ID 121DC048 in the Knox County, TN Property Assessor’s Office and more specifically described in Documents #200412060046119 and #201107200003443 as recorded in the Knox County, TN Register of Deeds office, the Property.

In consideration of $ , paid by Buyer as earnest money and part of the purchase price, the EARNEST MONEY, receipt of which is hereby acknowledged, this contract is made binding on both parties, their heirs, executors, successors and/or assigns. Seller shall deliver to Buyer a LIMITED WARRANTY DEED conveying fee simple title to the Property to Buyer free and clear of all encumbrances, except as stated herein, being: ALL PRIOR YEARS PROPERTY TAXES WILL BE PAID BY THE SELLER AT CLOSING. ALL CURRENT YEAR PROPERTY TAXES WILL BE PRORATED AT CLOSING. RIGHTS OF TENANTS IN POSSESSION (IF APPLICABLE); PRO-RATION OF RENTS (IF APPLICABLE); ANY RECORDED OR VISIBLE ROAD-WAY RIGHTS OF WAY, RAILROAD OR UTILITY EASEMENTS; SUB-DIVISION RESTRICTIONS; HOA REQUIREMENTS; ZONING; ALL EXCEPTIONS BOTH STANDARD AND SPECIAL AS SHOWN ON COMMITMENT FOR TITLE OBTAINED BY SELLER FROM OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY DATED JANUARY 19, 2017, COMMITMENT # 170077/AB. BUYER SHALL PAY ANY AND ALL TRANSFER TAXES AND/OR RECORDING FEES IN CONJUNCTION WITH THIS DEED. SELLER OR AGENT MAKES NO REPRESENTATIONS OR WARRANTIES WITH RESPECT TO TITLE TO THE SUBJECT PROPERTY.

Buyer shall, within 20 days after date of this contract, pay for the property the total purchase price of $ _____ (WHICH SUM WILL INCLUDE EITHER A 10% BUYER’S PREMIUM FOR ON SITE BIDDERS OR A 13% BUYER’S PREMIUM FOR ON LINE BIDDERS ABOVE THE BID PRICE), under the following terms: 10% DOWN WITH THE SIGNING OF THIS CONTRACT; BALANCE DUE IN CASH AT CLOSING WITHIN 20 DAYS. THIS IS A CASH TRANSACTION - CLOSING NOT SUBJECT TO ANY CONTINGENCIES. TITLE INSURANCE AND/OR SURVEY FOR THE PROPERTY MAY BE PROCURED BY BUYER AT BUYER'S SOLE OPTION AND EXPENSE. THIS PROPERTY SOLD IN ITS “AS IS, WHERE IS WITH ALL FAULTS” CONDITION WITH NO WARRANTIES EITHER IMPLIED OR EXPRESS EXCEPT WARRANTY OF TITLE. Buyer acknowledges that all properties are being sold at public auction, subject to all existing covenants, conditions, restrictions, reservations, exploration rights, easements, rights of way, assessments, zoning, and all other land use restrictions. No personal property is included in this contract. DEED SHALL BE MADE: AS DIRECTED BY BUYER Title Insurance (at Buyer's expense ) Yes ( ) ( ) No WILL ADVISE - Buyer may, at its own expense, obtain title insurance provided Seller shall not incur any cost as a result of such insurance. IT IS FURTHER MUTUALLY AGREED 1. Agent. Agent is not the owner of the Property, but solely an agent for Seller, who is the fee owner of the Property. 2. Seller’s Default. If marketable title subject to the above-listed exceptions cannot be given to Buyer at closing, the Earnest Money in the amount of $ ______will be refunded to Buyer as Buyer’s sole remedy. This contract is subject to any event that would adversely affect the quality of title as described in Schedule “B” of above-referenced Title Commitment subsequent to the execution of this sales contract. 3. Casualty. The risk of hazard or casualty loss or damage to Property shall be borne by the Seller until transfer of title. If casualty loss prior to Closing exceeds 10% of the Purchase Price, Seller or Buyer may elect to terminate this Agreement with a refund of Earnest Money to Buyer. 4. Buyer’s Default. If Buyer fails to carry out and perform the terms of this agreement within 20 days after date of this contract, except in the case of Seller’s default, Seller may recover additional damages or obtain specific performance as permitted by law. In such event, Agent may retain the earnest money for commissions previously earned and related sales expenses from the forfeited Earnest Money. 5. Closing and Settlement. Closing to be conducted by Tennessee Valley Title, Knoxville, TN, Tracey Axtell, Phone # 865-523- 6254 on or before Wednesday, March 8, 2017. At the closing each party shall execute and deliver all documents necessary to effect and complete the closing, any statements, including any affidavits reasonably required by the Title Company for issuance of its title policy without the standard preprinted exceptions. The Deed to be executed by Seller shall be on the form then generally used by the Title Company and shall convey to Buyer marketable fee simple title, free and clear of all liens, restrictions and encumbrances except as specified herein and insurable as such by the Title Company at standard rates on the current American Land Title Association Owner's Policy Standard Form, 1992. All blanks in all of the closing documents shall be filled in at the closing, and all documents shall otherwise be conformed to meet the requirements of the parties as expressed in this Contract. Buyer shall pay: (1) all title examination updates and insurance (at Buyer's option and expense); (2) one-half closing fee; (3) recording of deed. Seller shall pay: (1) title examination prepared for auction; (2) one- half closing fee; (3) preparation of Deed. 6. Condition of Property. Buyer hereby acknowledges Buyer’s obligation to perform due diligence in regard to this transaction as well as the condition of the Property, and agrees that an inspection of the Property has been made by Buyer, that the purchase is based upon such inspection and such additional independent investigation as Buyer has chosen to make, and not by or through any representations made by Seller or Agent. Buyer agrees that Buyer is acquiring the Property “as is”, “where is”, with all faults and defects, latent and patent, whether known, unknown, disclosed, or undisclosed by Seller, and Buyer acknowledges and agrees that Seller has not made, does not make, and Seller hereby specifically disclaims any

Page 1 of 2 1022 Elm Street • Knoxville, TN 37921 • (865) 546 -3206 • 1-800-4FURROW • www.furrow.com

furrow auction co.

representations, warranties, promises, covenants, agreements, or guaranties of any kind or character whatsoever, whether expressed or implied, oral or written, past, present, or future, of, as to, concerning or with respect to (a) the habitability, merchantability, or fitness of a particular purpose of the Property or any part thereof; (b) the compliance of or by the Property or its operation with any laws, rules, ordinances, or regulations of any governmental authority or body having jurisdiction including, without limitation, all applicable zoning laws or other land use regulations including those, without limitation, permitting and certificates of occupancy; (c) the nature, quality, or condition of the Property, including, without limitation, water, soil, and geology, or the presence or absence of any pollutant, mold, lead-based paint, radon, hazardous or toxic substance or material, hazardous or solid waste, termites or other wood destroying organism or any other type of insects, underground or above ground storage tank system, or any other contamination or environmental condition on, in, under, or about the Property; (d) the suitability of the Property for any and all activities and uses which Buyer may intend to conduct thereon; (e) any income to be derived from the Property; (f) the marketability, merchantability, age, quality, state of repair, or fitness for a particular purpose of any items of personal Property that may or may not be located upon the Property, including, without limitation, any HVAC, cooking, refrigerating, dishwashing, plumbing, or electrical apparatus or equipment boilers, engines, motors, generating equipment, piping or plumbing fixtures, underground or above ground storage tank systems, ventilating or vacuum cleaning systems, irrigation systems, fire alarms, fire extinguishing apparatus, security systems, telephone systems, telephone jacks, cable jacks, gas and electric fixtures, elevators, mantels, built-in mirrors, screens, storm sashes, awnings, carpeting, under padding or drapes; or (g) any other matter related to or concerning the Property or any items of personal property which may or may not be located thereon. Buyer shall not seek recourse against Seller on account of any loss, cost, or expense suffered or incurred by Buyer with regard to any of the matters described in above and hereby assumes the risk of any adverse matters related to the matters described above from and after the date of closing. In addition, and without limiting the foregoing, Seller specifically makes no representations as to the existence, suitability, or the working condition of, of any system including but not limited to electric, gas, water, (public or well), septic (public or private), cable, internet, or the status of any available permits or approvals related thereto. Buyer hereby expressly waives any and all claims for damages or rescission of this contract due to any representations made by Seller or Agent, except such representations as may be contained in this contract. THE PROPERTY SHALL BE TRANSFERRED TO AND ACCEPTED BY ANY BUYER IN AS-IS CONDITION WITH NO REPRESENTATION OR WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, OTHER THAN THOSE EXPRESSLY CONTAINED HEREIN AND FREE OF ANY AND ALL LIENS, ENCUMBRANCES, SECURITY AGREEMENTS OR OTHER FINANCING DEVICES, EXCEPT AS EXPRESSLY ALLOWED HEREIN. Seller and Agent each makes no representations or warranties of any kind as to the suitability of the Property for any purpose whatsoever or as to the physical condition thereof (including, without limitation, environmental condition) or otherwise. It is expected that Buyer will rely on its own inspection to determine the condition of the Property, and will not rely on any statement or representation of Seller, or Seller’s agents (including Agent), representatives or consultants with respect thereto. Buyer agrees to accept the Property without recourse against Seller of any kind under applicable laws and regulations. By acceptance of the deed to the Property, Buyer shall have released and waived any claim against or rights of contribution against Seller or Agent under any Environmental Law for environmental conditions at the Property that may exist as of the closing date and such release and waiver shall survive the closing and the transfer of title to the Real Property. For purposes hereof, “Environmental Laws” includes, without limitation, the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended (42 U.S.C. § 9601, et. seq.), the Hazardous Materials Transportation Act, as amended (49 U.S.C. § 108, et. seq.), the Resource Conservation and Recovery Act, as amended (42. U.S.C. § 6901, et. seq.), the Toxic Substances Control Act, as amended (15 U.S.C. § 2601, et seq.), the Clean Water Act, as amended (33 U.S.C. § 1251, et. seq.), and/or any corresponding state law and the regulations, rules, ordinances, decisions, orders, or determinations of a judicial or governmental entity.” 7. Acknowledgement. Buyer acknowledges that in connection with its purchase of this Property from Seller, Agent disclosed to the undersigned Buyer all information, if any, made known by Seller to Agent concerning the exposure of the Property to hazardous wastes and/or substances, and/or the storage of hazardous wastes and/or substances and/or existence of lead-based paint or Chinese drywall or other defective drywall on the Property. The undersigned Buyer is hereby determining to go forward with the purchase based on this information. 8. Agency Disclosure Statement. Buyer acknowledges that Agent disclosed Seller's name. 9. Assignment. Buyer may assign this contract provided Buyer shall give Agent notice in writing of such assignment prior to the closing. The terms and provisions of this contract shall be binding upon and inure to the benefit of Seller and Buyer and their respective heirs, executors, successors and/or assigns and no assignment of this Sales Contract shall serve to release Buyer from any of the obligations contained herein. 10. Entire Agreement. Both Seller and Buyer agree that this contract constitutes the sole and only agreement between them with respect to the above-described Property and shall not be modified, except in writing, and shall be binding upon their heirs, successors and/or assigns. Time is of the essence.

ACCEPTED: FURROW AUCTION COMPANY, AGENT

______SELLER –

______DATE BUYER

______BUYER

______DATE

Page 2 of 2

1022 Elm Street • Knoxville, TN 37921 • (865) 546 -3206 • 1-800-4FURROW • www.furrow.com

OWNER/RESPONSIBLE TAXPAYER: THIS INSTRUMENT PREPARED BY: ______Tennessee Valley Title Insurance Co. ______800 S. Gay Street, Suite 1700 Map 121D, Group C, Parcels 047 and 048 Knoxville, Tennessee 37929 File No. 170077 (TMA)

LIMITED WARRANTY DEED

THIS INDENTURE made as of the _____ day of ______, 2017, between FOSTER D. ARNETT, JR. and THE TRUST COMPANY OF KNOXVILLE, TRUSTEE OF THE FOSTER ARNETT, JR. EXEMPT FAMILY TRUST, First Parties, and ______, Second Parties:

W I T N E S S E T H

THAT SAID FIRST PARTIES, for and in consideration of the sum of TEN NO/100 ($10.00) DOLLARS, and other good and valuable consideration, to them in hand paid by said Second Parties, the receipt of which is hereby acknowledged, have granted, bargained, sold and conveyed, and do by these presents grant, bargain, sell and convey unto Second Parties, the real property described as follows:

TRACT 1: SITUATED in District No. Five (formerly Eight) of Knox County, Tennessee, and within the 24th Ward of the City of Knoxville, Tennessee, and being known and designated as all of Lot 20B in DeWitt M. Shepard Jr.'s Revision of Lot 20, Cherokee Hills Addition, as shown on the map of the same of record in Map Book 18, page 114, in the Knox County Register's Office, and being more fully described as follows:

BEGINNING at a point in Dr. Clifford E. Barbour's wood line, distant North 27 deg. 48 min. West, 531.15 feet measured along the west line of the Barbour property from the northwest line of Scenic Drive, said BEGINNING point being at the northeast corner of Lot 20B and the southeast corner of Lot 20B; thence continuing with Barbour's line, North 27 deg. 48 min. West, 150 feet to a stake at the common corner of Lots 20A and 20B; thence with the dividing line between Lots 20A and 20B, South 58 deg. 35 min. West, 227.5 feet to the centerline of a 30 foot private drive; thence with the centerline of said private drive, South 27 deg. 48 min. East, 150 feet to a point at the northwest corner of Lot 20R; thence North 58 deg. 35 min. West, 227.5 feet to the place of BEGINNING, subject, however, to the easement for a joint private driveway over the western 15 feet of boundary hereinabove described, in favor of the second partition hereto, and the owners of Lot 25 of the Mutual Realty Company Addition to Cherokee Hills, as well as the owners of Lot 20R in DeWitt M. Shepard Jr.'s Revision of said Lot 20, and including an easement for a private driveway 30 feet in width extending from the northwest corner of the lot herein described to the northwest corner of Lot

\\SERVER3\awilson\WD\170077.doc 20A, at which point said easement is 15 feet in width and extends from said point South 58 deg. 35 min. West to Alta Vista Way.

BEING the same property conveyed to Foster D. Arnett and wife, Jean M. Arnett by Warranty Deed from DeWitt M. Shepard and wife, Billie T. Shepard, dated August 31, 1951, and recorded in Deed Book 871, page 137, in the Knox County Register's Office; Foster D. Arnett died on December 8, 2002, leaving Jean M. Arnett as the surviving tenant by the entireties; and BEING part of the same property in which an undivided 1% interest was conveyed to Foster D. Arnett, Jr. by Warranty Deed from Jean M. Arnett, dated November 23, 2004, and recorded as Instrument No. 200412060046119, in the Knox County Register's Office; Jean M. Arnett died testate on or about December 4, 2008, with her Will being recorded in Will Book 179, page 634, in the Chancery Court for Knox County, Tennessee, Probate Division, devising a 99% undivided interest in subject property to the Foster Arnett, Jr. Exempt Family Trust; and BEING part of the same property conveyed to Home Federal Bank of Tennessee, Trustee of the Foster Arnett, Jr. Exempt Family Trust, by Warranty Deed from Home Federal Bank of Tennessee, Executor of the Estate of Jean M. Arnett, dated July 14, 2011, and recorded as Instrument No. 201107200003443, in the Knox County Register's Office; and BEING part of the same property conveyed to The Trust Company of Knoxville, Trustee of the Foster Arnett, Jr. Exempt Family Trust, by Quitclaim Deed from Home Federal Bank of Tennessee, Trustee, dated December 19, 2011, and recorded as Instrument No. 201202010042332, in the Knox County Register's Office.

TRACT 2: SITUATED in District No. Five (formerly Eight) of Knox County, Tennessee, and within the 24th Ward of the City of Knoxville, Tennessee, and being known and designated as all of Lot 20A in DeWitt M. Shepard Jr.'s Resubdivision of Lot 20, Kingston Pike Land Company's Addition, a part of Cherokee Hills, as shown on the map of the same of record in Map Book 18, page 114, in the Knox County Register's Office, and being more fully described as follows:

BEGINNING at a point in the center of a 30 foot private drive, said point being at the northwest corner of Lot 20B and the southwest corner of Lot 20A; thence with the centerline of said 30 foot private drive, North 27 deg. 48 min. West, 146.5 feet to a point in the south line of Lot 28; thence with the dividing line between Lots 20A and 28, North 58 deg. 35 min. East, 227.5 feet to the common corner between Lots 20A, 28 and 19; thence with the dividing line between Lots 19 and 20A, South 27 deg. 48 min. East, 146.5 feet to the northeast corner of Lot 20B; thence with the dividing line between Lots 20B and 20A, South 58 deg. 35 min. West, 227.5 feet to the place of BEGINNING.

BEING the same property conveyed to Foster D. Arnett and wife, Jean M. Arnett by deed from W. Eidson Smith and wife, Jane Smith, dated October 19, 1955, and recorded in Deed Book 997, page 235, in the Knox County Register's Office;

\\SERVER3\awilson\WD\170077.doc Foster D. Arnett died on December 8, 2002, leaving Jean M. Arnett as the surviving tenant by the entireties; and BEING part of the same property in which an undivided 1% interest was conveyed to Foster D. Arnett, Jr. by Warranty Deed from Jean M. Arnett, dated November 23, 2004, and recorded as Instrument No. 200412060046119, in the Knox County Register's Office; Jean M. Arnett died testate on or about December 4, 2008, with her Will being recorded in Will Book 179, page 634, in the Chancery Court for Knox County, Tennessee, Probate Division, devising a 99% undivided interest in subject property to the Foster Arnett, Jr. Exempt Family Trust; and BEING part of the same property conveyed to Home Federal Bank of Tennessee, Trustee of the Foster Arnett, Jr. Exempt Family Trust, by Warranty Deed from Home Federal Bank of Tennessee, Executor of the Estate of Jean M. Arnett, dated July 14, 2011, and recorded as Instrument No. 201107200003443, in the Knox County Register's Office; and BEING part of the same property conveyed to The Trust Company of Knoxville, Trustee of the Foster Arnett, Jr. Exempt Family Trust, by Quitclaim Deed from Home Federal Bank of Tennessee, Trustee, dated December 19, 2011, and recorded as Instrument No. 201202010042332, in the Knox County Register's Office.

THIS CONVEYANCE is made subject to any and all applicable restrictions, agreements, easements and building setback lines as are shown in the records of the Knox County Register’s Office, and further to any matter and/or condition which would be disclosed by a current, accurate survey or inspection of the property herein described. with the hereditaments and appurtenances thereto appertaining, hereby releasing all claims to homestead and dower therein. TO HAVE AND TO HOLD the same unto the Second Parties, their heirs, successors and assigns, together with all of the rights and interest thereunto belonging, in fee simple.

This conveyance is made subject to the matters set forth herein and 2017 taxes which shall be prorated as of the date of closing and which Second Parties assume and agree to pay.

First Parties covenant that they are lawfully seized in fee simple of the premises and that they have a good and lawful right to sell and convey the same. Except as stated herein, First Parties further covenant that they will warrant and defend the title to said premises unto the Second Parties, their heirs, successors and assigns, against the lawful claims of all parties claiming by, through, or under the First Parties, but no further or otherwise.

Whenever in this instrument a pronoun is used it shall be construed to represent either singular or plural, or the masculine, feminine or neuter gender, as the case may demand.

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IN WITNESS WHEREOF, the said First Parties hereunder have executed or have caused this instrument to be executed as of the day and year first above written.

______Foster D. Arnett, Jr.

The Trust Company of Knoxville, Trustee of the Foster Arnett, Jr. Exempt Family Trust

By:______

Title:______

STATE OF ______

COUNTY OF ______

Personally appeared before me, the undersigned authority, a Notary Public in and for said State and County, FOSTER D. ARNETT, JR., the within named bargainor, with whom I am personally acquainted (or who proved to me on the basis of satisfactory evidence) and who acknowledged that he executed the within instrument for the purposes therein contained.

WITNESS my hand and official seal at office this ____ day of ______, 2017.

______Notary Public My Commission expires: ______

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STATE OF ______

COUNTY OF ______

PERSONALLY appeared before me, the undersigned authority, a Notary Public in and for said County and State, ______, with whom I am personally acquainted, or proved to me on the basis of satisfactory evidence, and who, upon oath, acknowledged ___self to be the ______of THE TRUST COMPANY OF KNOXVILLE, TRUSTEE OF THE FOSTER ARNETT, JR. EXEMPT FAMILY TRUST, the within named bargainor, a ______, and that __he as such ______, being authorized so to do, executed the foregoing instrument for the purposes therein contained, by signing the name of the corporation by ___self as ______.

WITNESS my hand and official seal at office this ______day of ______, 2017.

______Notary Public

My Commission Expires:______

I hereby swear or affirm that the actual consideration or true value of this transfer, whichever is greater, is $ ______. ______Affiant

Subscribed and sworn to before me this _____ day of ______, 2017.

______Notary Public My Commission Expires: ______

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