ABSOLUTE LAND AUCTION
WHEN: SATURDAY, October 5th, 2019
TIME: 10:00 AM
WHERE: HWY 80 W, Mayfield, KY 42066
Between Mayfield & Fancy Farm, KY
The Mary Patsy & Late Robert Elliott Farms
271.65 Acres in 7 Tracts & Combinations!
QUALITY TILLABLE FARMLAND!
257.34 TILLABLE ACRES!
WONDERFUL BUILDING SITES!
Real Estate Tracts: Tract 1: 13.28 Acres. Tract 2: 10.63 Acres, Tract 3: 15.18 Acres, Tract 4: 60’X80’ Equipment Shed, 44’X66’ Shop Building, 60’X80’ Quonset Hut Steel Building, 5 Grain Bin Facility, on 2.42 Acres, Tract 5: 43.83 Acres, Tract 6: 56.08 Acres, Tract 7: 130.28 Acres
Graves County FSA Farm # 12838 Tract 54563
Portions of this farm is in Conservation Reserve Program with an Annual Payment of $1,355.00. Total Acreage in CRP is 14.6 Acres. Contract 3535 A Contract Period Until September 30, 2020. Buyer Agrees to Assume CRP Contract.
Tract 4 Details: 60’x 80’ Equipment Shed With 21’x80’ Lean-To, 44’x 66’ Shop Building With Office With Concrete Floor, Quonset Hut Steel Building 50’ X 80‘, and Five Grain Bin Facility With Superb Energy Miser Continuous Flow Grain Dryer. Approximately 40,000 Bushels Of Storage.
REAL ESTATE SELLS ABSOLUTE TO THE HIGHEST BIDDER AT 10:00 AM!
AUCTION HELD ON SITE!
TERMS AND CONDITIONS
PROCEDURE: The property will be offered in 7 individual tracts, any combination of tracts, or as a whole property. The property will be sold in the manner resulting in the highest total sale price.
BUYERS PREMIUM: A 6% Buyer’s Premium will be added to the final bid and included in the deed transaction sale price.
DOWN PAYMENT: 15% as down payment on the day of the auction with balance in cash at closing on or before 30 days. The down payment may be in the form of cashier’s check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.
CLOSING: Closing shall take place on or before 30 days from auction date.
REAL ESTATE TAXES: All 2019 ad valorem taxes will be prorated at closing
SURVEY: A survey has been completed by Dennis Looper Surveying. The Seller & Buyer will share the cost of the survey on a 50:50 basis. The survey provided shall be for the perimeter only, when tracts are combined.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections investigations, inquires, and due diligence concerning the property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of the auctioneer are final.
NEW DATA, CORRECTIONS, AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections, or additions to the property information.