TERMS AND CONDITIONS
PROCEDURE: The property will be offered in multiple tracts.
BUYERS PREMIUM: A 6% Buyer’s Premium will be added to the final bid and included in the deed transaction sale price.
DOWN PAYMENT: 15% as down payment on the day of the auction with balance in cash at closing on or before 30 days. The down payment may be in the form of cashier’s check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.
CLOSING: Closing shall take place on or before 30 days from auction date.
REAL ESTATE TAXES: All 2023 ad valorem taxes will be prorated at closing
SURVEY: The property will be sold by a new survey. Buyer will be responsible for 50% of the cost.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections investigations, inquires, and due diligence concerning the property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of the auctioneer are final.
NEW DATA, CORRECTIONS, AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections, or additions to the property information.
Mayfield, Kentucky 42066
Preview Date: Monday, April 24th 4-5PM
Estate of Robert & Mary Patsy Elliott
The Fancy Farm Community!
132 ACRES IN 7 TRACTS & COMBINATIONS
HIGHLY TILLABLE FARMLAND! 119 TILLABLE ACRES!
EXCELLENT BUILDING SITES ON HWY 80 & HOBBS ROAD!
Real Estate Tracts:
This 5 Bedroom 2 Bath Brick Home Features An Open Kitchen, Dining Room, And Living Room With Fireplace, And Unfinished Basement. There Are Hardwood Floors In The Dining Room And Living Room And Carpet In Bedrooms. Exterior Features Of This Property Include A 1 Car Attached Garage, Wraparound Porch, And A Circle Drive. Also Located On Tract 1 Is A Detached Workshop With 3 Bay Equipment Storage And Stock Barn. All situated on 2.12 Acres
Tract 2: 7.13 Acres & Pond
Tract 3: 6.98 Acres
Tract 4: 17.76 Acres
Tract 5: 13.19 Acres
Tract 6: 19.59 Acres
Tract 7: 65.36 Acres