Absolute Auction- House, 72 Acres +/- in Tracts, FM & PP

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When

05/03/2014 at 10:00 a.m. (Saturday)

Where

2501 Hwy 935 Somerset, KY 42501

How

Live with Online Bidding

Notes

This property has been immaculately kept and is move-in ready. This is some of the best land in the area. Remember, this is an Absolute Auction… LAST BID WILL BUY!

Auction Info

Terms Map & Directions

Absolute Auction of

Ralph and Joanne McClure’s

House, 72 Acres +/- (in Tracts),

Farm Machinery & Personal Property

Saturday, May 3^rd, 2014 @ 10:00 a.m.

2501 Hwy 935, Somerset, KY

Directions: Turn off of Hwy 461 onto Hwy 934 at the Pulaski County/Rockcastle County line. Follow Hwy 934 approx. 2 ½ miles to Hwy 935. Turn onto Hwy 935 and proceed approx. ½ mile to the property.

The McClure’s are relocating and have authorized our firm to sell this property at auction for the absolute high dollar.

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 17.053 acres and has 316.22 feet of road frontage along Hwy 935. This tract splits a pond with Tract 2.

Tract 2: Consists of 17.336 acres and has 316.23 feet of road frontage along Hwy 935.

Tract 3: Consists of 19.803 acres and has 88.96 feet of road frontage along Hwy 935. This tract shares a pond with Tract 4. It’s also improved with a large horse barn/machinery combination.

Tract 4: Consists of 2.725 acres and has 382.03 feet of road frontage along Hwy 935. This tract is improved with the pictured home. This home features 4 bedrooms, 2 baths, living room, family room, enormous kitchen/dining room, and laundry room. Other amenities include: 2 fireplaces, a 2-car detached garage, partial fence, landscaping, range, refrigerator, dishwasher and microwave. Improvements include a storage building and a barn.

Tract 5: Consists of 17.140 acres and has 378.77 feet of road frontage along Hwy 935.

In addition to the real estate, the following list of items will be selling:

VEHICLE: 1989 Chevy S10 with approx. 151,700 miles, 4 cylinder, 5-speed

STORAGE BUILDING: 12 X 16 storage building

FARM MACHINERY: Ford 4610 Diesel Tractor and Loader with 1766 hours (hard canopy) ~ Ford 3600 Diesel Tractor with 4437 hours ~ 5130 Vermeer Hay Baler Ford rotary mower ~ Rear Tyne rotary tiller, 5 h.p. ~ 2-basket hay tetter ~ Vicon disc mower ~ Vicon rake ~ hay mower ~ 3 pt. lift disc ~ posts ~ grader blade ~ 2 bottom solid 12” plows ~ Vulcan hillside plow (horse driven) ~ metal fence posts~ horse driven hay rake ~ diesel fuel tank ~ 3 pt. hitch sprayer ~ 225 welder ~ hay fork ~ feed storage on rollers ~ layoff plow ~ vice ~ briar scythe ~ air compressor ~ log chain ~ tractor weights ~ push mower ~ water troughs ~ pile of lumber ~ milk cans ~ wheeled disc and more!

HAY: 3 x 5 round bales of hay (21 total)

FURNITURE: Mantel Mirror (from Mollie Bryant auction) ~ Oak Coffee Table and 2 matching end tables ~ Glass front China cabinet ~ half bed ~ wall mirror ~ Baker’s rack ~ Cherry coffee table ~ vases ~ Wicker settee ~ wicker chairs ~ wicker table ~ desk ~ Credenza ~

PERSONAL PROPERTY: Sharp TV ~ Emerson TV ~ various prints ~ Home Interior ~ Crocks ~ lamps ~ Rooster décor ~ Roper washer ~ G.E. dryer ~ Bybee pitcher and bowls ~ porcelain dolls ~ rugs ~ electric fireplace logs ~ fireplace screen and tools ~ relish dish ~ Carnival glass ~ Currier & Ives plates ~ Mystic Garden horse plates ~ clock ~ bird bath ~ black berries, pears, peaches, grapes and more!

TERMS: Real Estate: 20% down day of sale, balance due in 30 days.

Personal Property: Payment due in full at the end of the auction. We accept Cash, Check, MasterCard or Visa (with a 3% processing fee).

AUCTIONEER’S NOTE: This property has been immaculately kept and is move-in ready. This is some of the best land in the area. Remember, this is an Absolute Auction… LAST BID WILL BUY!

NOTE: The purchaser of a single-family residence built before 1978 has a maximum of 10 days to inspect the property for the presence of lead-based paint. The period for inspection begins April 23^rd through May 2^nd. The successful bidder must sign a waiver of the 10-day post sale inspection period.

Announcements day of sale take precedence over printed matter.

Contact Ford Brothers Auctioneers for additional information and photos log on to the website for additional pictures.

Sam Ford, Auctioneer

TERMS AND CONDITIONS 
ABSOLUTE AUCTION OF MR. AND MRS. RALPH MCCLURE’S 
HOUSE, 72 ACRES +/- (IN TRACTS) 
FARM MACHINERY & PERSONAL PROPERTY 
SATURDAY, MAY 3RD, 2014 @ 10:00 A.M. 
2501 HWY 935, SOMERSET, KY 
 
 
On behalf of Mr. and Mrs. Ralph McClure 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. 
 
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. 
 
2.) All information in the brochure is strictly for sales purposes. The purchasers are encouraged to inspect the property to their satisfaction before bidding. 
 
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. 
 
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 Tuesday, June 3rdat 5:00 p.m.) All closing checks are to be made payable to Ford Brothers Escrow Account. 
 
5.) Personal Property items are to be paid in full the day of the sale. Acceptable forms of payment are: Cash, Check and Credit Card. MasterCard and Visa are accepted with a 3% processing fee. All personal property items must be removed from the premises by the end of the day. 
 
6.) 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. 
 
7.) The property has been surveyed and copies of the plat are available. Each tract has been staked and pinned on the corners. 
 
8.) 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. 
 
9.) The 2014 property taxes shall be prorated. 
 
10.) Possession of the property will be given upon payment in full and delivery of the deed. 
 
11.) 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. 
 
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.

Conducted By

Ford Brothers, Inc.