Absolute Auction of House, Building and 65 acres

ABSOLUTE AUCTION

BRICK HOUSE, METAL BUILDINGS AND 65.68 ACRES

SATURDAY, MAY 14, 2011 – 2:00 P.M.

WEST LAUREL ROAD, LONDON, KY

First National Bank of London has contracted our firm to liquidate this property at Absolute Auction to remove it from their inventory.

***** SURROUNDED BY DANIEL BOONE NATIONAL FOREST JUST A SHORT DRIVE FROM LAUREL LAKE *****

DIRECTIONS: From Interstate 75 Exit 38 in London, Kentucky follow Highway 192 West 7.2 miles to the property on right. Auction signs are posted.

DESCRIPTION: This beautiful property measures 65.68 acres with frontage on Highway 192 West. This is one of the best selling communities in the area with its located near London, Laurel Lake, Daniel Boone National Forest, golf and Interstate 75. The land is an ideal combination of level to rolling land, mostly cleared with some wooded areas and a large pond. It is rare to find a property with such exceptional aesthetic beautify, convenience and privacy. The land is improved by a nice brick, ranch style home, large metal buildings, barns and a shed. It will be offered in 3 tracts, combinations of tracts and in its entirety at multi-parcel auction. Tract descriptions are as follows:

TRACT #1 measures 6.155 acres with about 339 feet of frontage on Highway 192. It is level to rolling, cleared land improved by a house and metal garage / office building. The brick house features 4 bedrooms, 3 bathrooms, living room, dining room, kitchen, family room area with fireplace and wood burning insert, office, utility room, 2 car attached garage, foyer and a full unfinished basement. Other amenities include central heat / air conditioning and an asphalt driveway.

TRACT #3 contains 53.81 acres and has access by easement from Highway 192. It is an exceptionally beautiful parcel with level to rolling land that is mostly cleared but has some wooded areas. It is very private and teeming with wildlife surrounded on 3 sides by National Forest. It is improved by a barn, sheds and a huge pond.

TERMS: Real Estate – 20% down day of auction balance due in full within 30 days.

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 furnished for the bidder’s convenience and it is the responsibility of the bidder to determine the information contained herein is accurate and complete. The property is being sold in its “as is” condition.

Announcements day of auction take precedence over printed matter. For additional information, contact the selling agents: