Absolute Auction of
Ms. Joyce Ponder’s
House, Barn & 40 Acres in Tracts
Saturday, April 12th @ 10:00 a.m.
465 Big Sinks Road (Hwy 1505) – Brodhead, KY
DIRECTIONS: From Brodhead, take Hwy 1505 approximately 2 miles to Big Sinks Road. Turn left onto Big Sinks Road and follow to property. Watch for auction signs. From Berea: Follow Hwy 25 South toward Mt. Vernon to Hwy 1505. Turn right onto Hwy 1505 and proceed to Big Sinks Road (approx. 9 miles). Turn right onto Big Sinks Road and proceed to property. Auction signs are posted.
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.
Tract 1: Consists of 4.132 acres and has 336.98 feet of road frontage along Big Sinks Rd.
Tract 2: Consists of 4.909 acres and has 330.71 feet of road frontage along Big Sinks Rd.
Tract 3: Consists of 5.302 acres and has 371.11 feet of road frontage along Big Sinks Rd.
Tract 4: Consists of 5.789 acres and has 5.231 feet of road frontage along Big Sinks Rd. This tract is improved with a barn.
Tract 5: Features the pictured 2-story home and consists of 4-5 bedrooms, 3 baths, living room, family room, a country kitchen with eat-in dining room and a utility room. The home is situated on 5.231 acres and is move-in ready. Amenities include: a 2-car garage, above-ground pool, security system, and wrap-around porch.
Tract 6: Consists of 4.125 acres and has 207.81 feet of road frontage along Big Sinks Rd.
Tract 7: Consists of 4.286 acres and has 201.01 feet of road frontage along Big Sinks Rd.
Tract 8: Consists of 4.294 acres and has 203.46 feet of road frontage along Big Sinks Rd.
Tract 9: Consists of 0.899 acres and has 403.44 feet of road frontage along Big Sinks Rd.
TERMS: 20% down the day of the sale, balance within 30 days. For a complete list of terms please refer to the "Terms" section of the website or contact Ford Brothers Auctioneers at 1-800-435-5454.
AUCTIONEER’S NOTE: Make plans to attend this live auction. It has some of the most scenic land in Rockcastle County. Bid Last and Buy!
Announcements day of sale take precedence over printed matter.
Contact the auctioneers for more information or log on to www.fordbrothersinc.com.
ABSOLUTE AUCTION OF<br>
MS. JOYCE PONDER’S <br>
HOUSE, BARN & 40 ACRES MORE OR LESS IN TRACTS,<br>
SATURDAY, APRIL 12TH, 2014 @ 10:00 A.M.<br>
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On behalf of Ms. Joyce Ponder and Ford Brothers, Inc., we would like to thank you for coming and welcome you to the auction. Listed below are the terms and conditions which must be complied with in order to bid on the property.<br>
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1.) The property is being sold in its “AS IS, WHERE IS” condition. Any announcement made at the auction will supersede any information contained herein or in any advertisement.<br>
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2.) All information in the brochure is strictly for sales purposes. The purchasers are encouraged to inspect the property to their satisfaction before bidding. <br>
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3.) The property is selling free and clear of all liens and encumbrances except restrictions, easements of record, and further provisions the purchaser is made aware of through this terms document. The property is being sold subject to electric and water line easements.<br>
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4.) Upon completion of the auction, the purchaser will need to sign all of the necessary documents and contracts. A non-refundable deposit in the form of: cash, cashier’s check or a personal check, if known by the auctioneers, on the property must be tendered. The deposit will be held in escrow pending closing. The deposit shall not be less than 20% of the purchase price and shall be paid today with the balance being due within 30 days (on or before Monday, May 12th at 5:00 p.m.) All closing checks are to be made payable to Ford Brothers Escrow Account.<br>
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5.) The seller shall be responsible for all transfer taxes and deed preparation fees. The buyer shall be responsible for ordering and purchasing his/her own title search, for recording his/her deed, and any other closing costs involved in completing the sale. Title insurance can be obtained at the purchaser’s expense.<br>
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6.) The property has been surveyed by A.G.E. out of Stanford, KY and copies of the plat are available. Each tract has been staked and pinned on the corners. <br>
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7.) This is a multi-par auction meaning that the bidding remains open until such time as the auctioneer declares all bidding closed. By utilizing the multi-par concept, it is possible for you to be the winning bidder in one round, lose it in the next round, and regain it in another round. If you have the bid on an individual tract or combinations of tracts and are still listed on the board, but you are not in a winning position, you could still be put into a winning position for that individual tract or combination, depending upon what raises are made on your tract or other tracts. Therefore, it is mandatory that if you are a bidder with your number posted on any white board, you will need to remain on the premises until the conclusion of the auction.<br>
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8.) The 2014 property taxes shall be paid by the purchaser(s). <br>
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9.) Possession of the property will be given upon payment in full and delivery of the deed.<br>
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10.) Bidding – Bidding will be done by number and all bidding is open to the public. Representatives of Ford Brothers, Inc. will be available to take your bids or you can bid directly to the Auctioneer. Any creditor or any staff member of Ford Brothers, Inc. is permitted to bid as long as they comply with the terms of the auction.<br>
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We trust that you will have an enjoyable day with us. If you have any questions or need any assistance, please do not hesitate to talk to any of our staff on the premises.