TERMS AND CONDITIONS:

Buyer Premium: A 7 % Buyer's Premium will be added to the high bid to determine the contract price on the real estate. A 10% Buyer's Premium will be added to the high bid of each personal property item to determine the contract sales price of each item. In addition, a 6% sales tax shall be collected the day of the sale for each item unless the purchaser has a valid resale certificate.

Terms and Down Payment: The down payment on the real estate shall be $20,000 in the form of cash or good check (with proper identification) or certified funds due at the conclusion of the auction. The closing shall be within 35 days. The personal property will be paid in full the day of the sale.

The real estate and personal property are 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” both surface and subsurface.

The auctioneer shall control the bid increments, which may be changed during the auction at his/her discretion.

Taxes: Real Estate Taxes will be prorated between buyer and seller as of closing date.

Deed: The purchaser shall receive either a General Warranty Deed or a
Special Warranty Deed, depending of the situation.

Possession: With Deed.

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.

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.

Auctioneers Note: All information contained in this brochure and all related materials should be verified by all interested parties. All interested bidders are responsible for conducting their own independent inspections and tests. Information contained herein was obtained from sources deemed to be reliable. However, neither the Auctioneers, Agents, nor Sellers 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.

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