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Auction Information
Auctioneer Craig A. Stanfield Real Estate & Auction Services 606-301-3350
Auction Date Dec 03 Auction
Location
65 North Main Street
105 East Walnut Street
Mount Olivet, KY
Time 10:30AM
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  • Tract 1, 65 N. Main St.

    Tract 1, 65 N. Main St.

  • Tract 2, 105 E. Walnut St.

    Tract 2, 105 E. Walnut St.

  • Tract 2

    Tract 2

Auction Listing
AuctionZip Auctioneer ID# 1659
    Attached Files    
Auction Handbill (PDF)
Terms&LegalDescptn. (PDF)
OurCurrentAd (PDF)
AuctionAd (PDF)

ABSOLUTE AUCTION

Saturday, Dec. 3, 2016
Tract 1: 10:30 AM
Tract 2: 11:30 AM


Two Parcels

Mount Olivet

Robertson Co., Kentucky

Each Parcel to be sold from the  individual property (on-site), Tract 1 to be sold at 65 North Main Street, Mt. Olivet, KY at 10:30 AM. Tract 2 to be sold at 105 East Walnut Street, Mt. Olivet, KY at 11:30 AM.


OWNER: Old National Bank, N. A.

 Tract 1 - 10:30 am

65 North Main Street
Mount Olivet, Kentucky 41064

Tract 2 - 11:30 am

105 East Walnut Street
Mount Olivet, Kentucky 41064

     REAL ESTATE: TRACT 1: 65 NORTH MAIN STREET, MOUNT OLIVET, ROBERTSON CO., KENTUCKY 41056 (being the same property conveyed to Old National Bank, N.A. by deed of Edwin M. Culbertson in capacity of the Master Commissioner of the Robertson County Circuit Court, said deed dated the 11th day of April, 2016 and recorded in Deed Book 66 page 757, Robertson County Court Records); TRACT 2: 105 EAST WALNUT STREET, MOUNT OLIVET, ROBERTSON CO., KENTUCKY 41056 (being the same property conveyed to Old National Bank, N.A. by deed of Edwin M. Culbertson in capacity of Master Commissioner of the Robertson County Circuit Court, said deed dated the 11th day of April, 2016 and recorded in Deed Book 66 page 383, Robertson County Court Records). 

     The agent/auctioneer shall begin the sale at 10:30 AM, selling Tract 1 from the premises. Following the sale of Tract 1, the agent/auctioneer shall proceed to Tract 2 and sell it at 11:30 AM, also selling Tract 2 from the premises. The two tracts will be offered individually; they will not be combined (as they do not adjoin).

     TERMS & CONDITIONS OF SALE/PURCHASE: The Property is to be Sold upon the following Terms/ Conditions: TERMS OF PURCHASE, REAL ESTATE: TERMS OF PURCHASE, REAL ESTATE: Property sold at ABSOLUTE AUCTION to the highest and best bidder, regardless of price. Purchaser(s) of real estate to place a NON-REFUNDABLE deposit (cash or good check) equal to 10 percent of the total purchase price with contract immediately following sale, with balance due in full with deed at closing on or before December 31, 2016 . Terms of purchase are Cash to Seller: NO CONTINGENCIES OF ANY KIND PERMITTED. Possession with deed at closing. Sellers to maintain insurance on property though date of closing (including liability; agent/auctioneer is not responsible for accidents); however successful purchaser will have an inherent and thus an insurable interest in the property as of date of sale and is encouraged to obtain insurance immediately upon sale as purchaser will assume risk of loss from under-insurance, lack of insurance, or in the event of fire or other disaster. Year 2016 real estate taxes to be payable by the purchaser (NO PRORATION; in the event that the seller have already paid the Year 2016 real estate taxes --- in order to take advantage of the discount offered and available for paying early --- the face amount of the 2016 taxes shall be considered a credit to the seller due from the purchasers), however any prior years taxes that may be unpaid will be payable by the seller. Prospective purchasers encouraged/advised to inspect the property thoroughly prior to sale as REAL ESTATE SOLD AS IS WITHOUT WARRANTY WHATSOEVER --- INCLUDING WITH REGARD TO FITNESS/ MERCHANTABILITY/MARKETABILITY/ DESIRABILITY FOR ANY USE EITHER EXPRESSED OR IMPLIED. Purchased subject to zoning, easements, highway right of way, local ordinances, and restrictions. Further the property shall be purchased by the existing legal description, by the boundary and not by the acre, subject to any facts that might be disclosed by an accurate survey --- sellers are not responsible for providing for any surveys of the subject property. The home on the property was constructed prior to 1978, thus Lead-Based Paint could potentially be in evidence. Purchasers concerned about the possible presence of lead-based paint are encouraged to arrange and conduct --- at the prospective purchasers sole expense --- any inspections for the presence of Lead-Based Paint they so desire prior to purchase, as purchaser will be required to waive the rights to any contingency relative to any future testing or presence of Lead-Based Paint as a condition of purchase. Purchasers must have performed any and all due diligence inspections of the property prior to purchase, at purchasers sole expense --- including but not limited to: Whole House Inspection, Wood-Boring Insect Inspection, Radon Gas Inspection, Lead-Based Paint Presence, Phase I/II/III environmental hazard reports/ surveys, property surveys, appraisal, etc. --- as purchaser will not be permitted any contingencies for any type of testing performed after the auction or for results thereof determined after the auction. Contact agent/ auctioneer prior to the auction to arrange inspection/testing. Announcements made date of sale take precedence over printed matter. Payment of down payment for real estate required to be paid to the agent/auctioneer immediately upon conclusion of sale, at SALE SITE, NO EXCEPTIONS. NOTE: Any returned checks shall be subject to a $50 returned check fee (plus expenses of collection), a 10 percent penalty, shall be subject to interest and other expenses to the limit the law permits, and checks will be turned over for prosecution. The AGENT/ AUCTIONEER, as well as staff or employees of agent/ auctioneer, reserves the right to bid on any property sold, however subject to the same terms and conditions as that of any other bidder. NO BUYERS PREMIUM! 

OWNER: OLD NATIONAL BANK, N.A.

AUCTION CONDUCTED BY

CRAIG A. STANFIELD REAL ESTATE & AUCTION SERVICES

CRAIG A. STANFIELD REAL ESTATE BROKER & AUCTIONEER

2126 W. KY 10, TOLLESBORO, KY 41189

PHONE: (606) 301-3350 OR (606)798-2009

EQUAL HOUSING OPPORTUNITY REAL ESTATE BROKER & AUCTIONEER




Auctioneer License Information: P1830

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