ABSOLUTE LIVE/ONLINE ESTATE AUCTION
of the late MR. DALLAS MORGAN’S
80 ACRES FARM IN 2 TRACTS ~ MOBILE HOME
FARM MACHINERY ~ TOOLS & HOUSEHOLD ITEMS
SATURDAY, JUNE 5TH @ 10:30 A.M.
3759 SWEETWATER RD., ROCKCASTLE COUNTY
COPPER CREEK SECTION –
NEAR GARRARD/MADISON COUNTY LINE
In order to settle the estate of Mr. Dallas Morgan, his daughter Audrey Robinson has authorized our company to sell this real estate and personal property for the absolute high dollar.
TRACT 1 contains 30 acres m/l, both cleared and wooded land. This tract is improved with a 1992 14 x 72 mobile home in excellent condition w/ 2 bedrooms, 1 bath, living room and kitchen. New doors, back deck, gutters and Airease heat pump installed in 2020. It has timber and a pond.
In addition to the mobile home, it is also improved with a barn, pond and storm cellar.
TRACT 2 has 50 acres m/l located beside tract 1. This tract also has a barn and is both cleared and wooded land. This tract has 2 ponds, a creek and marketable timber.
**ONLINE BIDDING AVAILABLE ON REAL ESTATE ONLY **
FARM MACHINERY includes:
1994 Ford F150 4wd truck ~ International 140 tractor w/ side seeder, spreader and plows ~ David Brown 885 tractor w/ front end loader ~ David Brown 990 tractor ~ 2 horse trailer ~ rotary cutters ~ manure spreaders ~ Woods mower w/ 3 pt. hitch ~ John Deere mowing machine ~ Ezee Flow fertilize spreader ~ box scraper ~ bog harrow ~ grader blade ~ round hay baler ~ hay tedder ~ hay bines ~ hay rake ~ chain drag ~ turning plows ~ cutting harrow ~ 3 pt. hitch sprayer ~ 3 pt. hitch seed sower ~ tobacco setter ~ trailer frame
PERSONAL PROPERTY includes:
Husqvarna 46” cut riding mower ~ Cub Cadet string trimmers ~ air compressor ~ GE washer and dryer ~ Panasonic microwave ~ antique oak dresser ~ antique oak chest of drawers ~ antique oak bed ~ antique oak dining room table & chairs ~ La-z-boy recliner ~ barstools ~ magazine rack ~ cookware ~ glassware including pink depression ~ figurines ~ kerosene lamps ~ clothes rack ~ linens ~ tobacco sticks ~ English style horse saddles ~ horse bridles, collars and tack ~ power tools and much more.
MULTI-PARCEL AUCTION: The property will be offered in tracts utilizing the multi-parcel method and selling in the manner that reflects the best returns for the sellers. This concept gives each and every prospective buyer the ability to purchase his or her individual tract or combination.
BUYER’S PREMIUM: A 10% Buyer’s Premium will be added to the winning bid to determine the final sale price.
TERMS: Real Estate- 20% down due day of sale, with balance in 30 days with deed. Personal Property- Payment in full due day of sale in the form of cash, check, Visa or MasterCard with an additional 3% processing fee ($3 minimum).
Notice: In accordance with the CDC and to protect our customers and staff, we would like to encourage the maintaining of social distancing and recommend wearing facial covering at our auction site to further prevent the spread of Covid-19.
Sam Ford, Auctioneer
PROPERTY IS OFFERED UNDER THE SPECIFIC TERMS PROVIDED IN THE PURCHASE CONTRACT. PLEASE READ AND REVIEW THE CONTRACT THOROUGHLY PRIOR TO BIDDING ON ANY PROPERTY. IF YOU HAVE NOT READ AND REVIEWED THE CONTRACT FOR SALE OF REAL ESTATE, DO NOT BID.
Ford Brothers, Inc. Real Estate Online Auctions are timed events and all bidding will close at specified time. Ford Brothers, Inc.
SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Ford Brothers, Inc. reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor FORD BROTHERS, INC. SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information as deemed necessary by Ford Brothers, Inc.
REAL ESTATE TERMS: 20% of the total sale price down as a non-refundable earnest money in the form of a certified check, cash or wire transfer within 48 hours of the close of auction. We do not accept a credit card for down payment. The balance of purchase price is due at closing, said closing to be within 30 days of close of bidding. Purchaser shall be responsible for all wire transfer fees. Closing will be as specified in the Contract for Sale of Real Estate.
This online only auction is a CASH SALE not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Contract for Sale of Real Estate.
GOOD INSURABLE GENERAL WARRANTY DEED AT CLOSING.
BUYER’S PREMIUM: There will be a buyer’s premium of 10% added to the bid price to arrive at final purchase price. Example: Bid Price $100,000 plus $10,000 (10% buyer’s Fee) equals purchase price of $110,000.
AUCTION BIDDER DEFAULT: Successful bidder not executing and returning the contract with earnest money deposit within 48 hours of the conclusion of the auction will be considered in default. In the event a winning bidder fails to submit the signed Contract for Sale of Real Estate and 20% earnest money deposit, the winning bidder will be charged a penalty fee of $5,000.00 on the credit card provided at auction registration. Additional default remedies are reserved by Ford Brothers, Inc. and the Seller as provided in the Auction Terms and Conditions and the Contract for Sale of Real Estate. Ford Brothers, Inc. reserves the right to sell to the second-highest bidder in the event the successful high bidder does not comply with the terms of the sale.
Any dispute between Ford Brothers, Inc., its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Rockcastle County, Kentucky. By bidding on the property, buyer agrees to all terms and conditions set forth.
Acceptance of Bid Prices: Successful bidder(s) will be required to enter into a purchase agreement immediately following the close of the auction. Ford Brothers, Inc. will e-mail documents to be executed and said documents should be faxed or e-mailed back to Ford Brothers, Inc. within 48 hours of the end of the auction. Successful bidders not executing and returning contracts with earnest money deposit within 48 hours will be considered in default. Any and all inspections that a buyer may want must be done at buyer’s expense prior to the close of the online bidding. Ford Brothers, Inc.'s Agents, Representatives or Employees may bid.
Title: As specified in the Contract for Sale of Real Estate
Deed: As specified in the Contract for Sale of Real Estate
Possession: As specified in the Contract for Sale of Real Estate
Real Estate Taxes and Closing Cost: All real estate taxes will be prorated for 2021. The purchaser will pay all other closing costs associated with the purchaser’s side of the sale, including local and state recording fees and any cost associated with the purchaser’s loan.
The seller will pay for deed preparation and deed tax.
Easements: Subject to any and all easements of record, including road easements and utility easements
Zoning: This property is subject to all state and local zoning ordinances.
Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Ford Brothers, Inc. will reject the registration, and bidding activity will be terminated. The Seller and Ford Brothers, Inc. reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account. When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges.
Agency: Ford Brothers, Inc.' Agents and Representatives are agents of the Seller. Buyer and or Bidder agrees to hold harmless and indemnify Ford Brothers, Inc. and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.
NEW DATA, CORRECTIONS,AND CHANGES: Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information. Disclaimer & Absence of Warranties: All information contained in this information packet and all related materials are subject to the terms and conditions outlined in the Contract for Sale of Real Estate agreement. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation either expressed or implied, concerning the property is made by the Seller or Ford Brothers, Inc. Agents or Representatives. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure and on the website is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller, Ford Brothers, Inc., Agents or Representatives. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of Ford Brothers, Inc. are final. Any dispute between Ford Brothers, Inc., its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Rockcastle County, Kentucky. By bidding on the property, buyer agrees to all terms and conditions set forth.
Auctioneer/Broker/Seller Disclaimer: The information contained herein is believed to be correct to the best of the auctioneer’s knowledge. The information is being provided for the bidder’s convenience and it is the bidder’s responsibility to determine the information contained herein is accurate and complete. The property is selling in its ‘as-is’ condition with no warranties expressed or implied.
For additional information, contact Ford Brothers, Inc. Auctioneers at 1-800-435-5454.