KAY BUSH ESTATE
SELLING IN CONJUNCTION WITH THE
BARREN CO. MASTER COMMISSIONER
PURSUANT TO ORDER #20-C1561
SELLING IN 13 TRACTS
Just south of Glasgow, nestled in the rolling hills of Barren County, lies a 262 acre farm of unmatched natural beauty. A mixture of open fields, timberland, flowing creeks and rustic barns, surround the cozy 3 bedroom 2 1/2 bath home. The long private drive to the residence, bound by black plank fencing, ends at an arched bridge that crosses a brook gently cascading around the residence. A stone fireplace rising to meet the vaulted ceiling welcomes you home, but the valley beckons, drawing you back outside and back to nature. The soothing sounds of flowing waters can be heard from the front porch, and louder yet in the gazebo that overlooks the water. An abundance of wildlife, and over 2000' of frontage on Peter Creek make this a property like no other for those pursuing the ultimate outdoor experience. The farm is well fenced and a multi-stall horse barn adds to the endless opportunities awaiting the new owner of this hidden gem.
TERMS AND PAYMENT: For the purchase price of each tract of real estate, purchaser may pay cash in full, or may pay 10% of the purchase price in cash, with the balance of the purchase price secured by a purchase money bond due in thirty (30) days, with good and approved surety on the bond, and bearing interest at the rate of 6% per annum from date of sale until paid, said bond to have the same force and effect as a judgment and remain a prior and superior lien on the property until fully paid. Additionally, a Letter of Intent from a local bank dated for April 23rd or 24th will be accepted as surety. Internet bidders are required to register prior to sale day, wire transfer the expected deposit and provide Bank Letter of Credit. Contact Rob Mathews (270) 893-8499) or [email protected] to make arrangements for internet bidding.
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FARM MACHINERY AND PERSONAL PROPERTY SELL IMMEDIATELY FOLLOWING THE REAL ESTATE
AUCTION TERMS AND CONDITIONS
BUYER’S PREMIUM: THERE WILL BE NO BUYER'S PREMIUM IN THIS AUCTION.
PROPERTY IS OFFERED SUBJECT TO THE SPECIFIC TERMS PROVIDED IN THE PURCHASE CONTRACT. PLEASE READ AND REVIEW THE CONTRACT THOROUGHLY PRIOR TO BIDDING ON ANY PROPERTY. IF YOU HAVE NOT READ AND REVIEWED THE CONTRACT FOR SALE OF THE REAL ESTATE, DO NOT BID.
TERMS AND PAYMENT: For the purchase price of each tract of real estate, purchaser may pay cash in full, or may pay 10% of the purchase price in cash, with the balance of the purchase price secured by a purchase money bond due in thirty (30) days, with good and approved surety on the bond, and bearing interest at the rate of 6% per annum from date of sale until paid, said bond to have the same force and effect as a judgment and remain a prior and superior lien on the property until fully paid. Additionally, a Letter of Intent from a local bank dated for April 23rd or 24th will be accepted as surety. Internet bidders are required to register prior to sale day, wire transfer the expected deposit and provide Bank Letter of Credit. Contact Rob Mathews (270) 893-8499) or [email protected] to make arrangements for internet bidding.
Balance on all personal property is due in full at time of sale. The balance of the purchase price is due at closing. Purchaser shall be responsible for all wire transfer fees.
PROPERTY SOLD "AS IS": The property is sold without contingencies of any type such as further inspections, usability, or the ability of the buyer to secure financing, and subject to any valid easements. All property is sold “as is”.
Online and onsite auctions are cash sales that are not contingent on or subject to financing, appraisal, survey, or inspections of any kind. Bidders agree to this by registering for the auction prior to bidding, and this is specified in the purchase contract for the real estate. Bidders are encouraged to perform on-site inspections of the real estate prior to bidding in the auction. Failure to do so in no way relieves the buyer of any of the terms or conditions set forth here.
INSPECTION: The real estate may be viewed prior to the auction date by appointment with Thomas R. Hunt Auctioneers, and will be available for inspection one hour before sale time on the day of the auction. Prospective buyers are advised to inspect the property to their satisfaction as it will be sold “as is” with no warranties expressed or implied.
LEAD BASE PAINT NOTICE: The residence was built prior to 1978 and could contain lead base paint. The purchaser will be required to sign a lead base paint waiver, waiving any further inspections.
CLOSING: THE CLOSING OF THE REAL ESTATE IS TO BE WITHIN 30 DAYS OF THE DAY OF THE AUCTION PER THE PURCHASE CONTRACT OF THE REAL ESTATE.
TAXES: 2021 Real Estate taxes will be paid by the buyer.
POSSESSION: Possession shall be given with the deed.
DEED: GENERAL WARRANTY DEED
AUCTION BID INCREMENTS: The Auctioneer shall determine the bid increments, which may be changed during the auction at his/her discretion.
WHO MAY BID: Any qualified bidder, including the auctioneer and any of the auctioneer's agents, may bid. Likewise, the auctioneer may, under Kentucky law, reject the bid from any bidder deemed unqualified or unfit to bid.
AGENCY: Thomas R. Hunt Auctioneers, Inc. Agents and Representatives are agents of the Seller. Buyer and/or Bidder agrees to hold harmless and indemnify Thomas R. Hunt Auctioneers, Inc and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.
AUCTION END TIMES: Thomas R. Hunt Auctioneers, Inc., real estate online auctions are timed events and all bidding will close at a specified time. Thomas R. Hunt Auctioneers, Inc real estate online auctions also have an auto extend feature. Any bid placed in the final 10 minutes of an auction will automatically extend the end time for a period of 5 minutes from the time the bid was placed. Example: if an auction scheduled to close at 6:00 receives a bid at 5:59, the close time will automatically extend to 6:04. The auto-extend feature remains active until no further bids are received within a 5 minute time frame.
REFRESH YOUR SCREEN CONSTANTLY DURING THE CLOSING MINUTES OF THE AUCTION TO KEEP UPDATED ON THE BIDDING.
SERVER SOFTWARE AND TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Thomas R. Hunt Auctioneers, Inc reserves the right to extend bidding, continue the bidding, or close the bidding.
NEITHER THE COMPANY PROVIDING THE SOFTWARE NOR THOMAS R. HUNT AUCTIONEERS, INC. SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERTY FOR ANY REASON. EMAIL NOTIFICATIONS WILL BE SENT TO REGISTERED BIDDER WITH UPDATED INFORMATION AS DEEMED REASONABLE BY THOMAS R. HUNT AUCTIONEERS, INC.
AUCTION BIDDER DEFAULT: A successful bidder not executing and returning the contract with earnest money deposit within 48 hours of the conclusion of the auction will be considered in default. In the event a winning bidder fails to submit the signed Contract for Sale of Real Estate and earnest money deposit within the allotted time, the winning bidder will be charged a penalty of no less than 5% of the winning bid. Any legal remedy available may be used to collect these charges. Additional default remedies are reserved by Thomas R. Hunt Auctioneers, Inc and the Seller as provided in the Auction Terms and Conditions and the Contract for Sale of Real Estate. Thomas R. Hunt Auctioneers, Inc. reserves the right to sell to the second highest bidder in the event the successful high bidder does not comply with the terms of the sale
AUCTIONEER'S NOTE: All information contained on the website, advertising, and all related materials should be verified by all interested parties. All interested bidders are responsible for conducting their own independent inspections and tests.
DISCLAIMER: Information contained herein was obtained from sources deemed to be reliable. However, neither, the auctioneers, agents, nor the Seller shall be responsible for any errors or omissions herein.
Announcements made the day of the sale shall take precedence over any prior advertising or other information.
Any dispute between Thomas R. Hunt Auctioneers, Inc its Agents, or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Warren County, Kentucky. By bidding on the property, buyer agrees to all terms and conditions set forth.
FOR MORE INFORMATION OR QUESTIONS, YOU MAY CONTACT THOMAS R. HUNT AUCTIONEERS AT (270) 782-2299.