TERMS AND CONDITIONS:

Terms and Down Payment: The down payment on the real estate shall be $10,000 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 property is sold without contingencies and subject to any valid easements. All property is sold Â“as isÂ”.

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

Deed: The purchaser shall receive a General Warranty Deed.

Possession: Possession shall be given with the 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 two hours 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 Â“as isÂ” with no warranties expressed or implied.

Buyer Premium: A ten percent (10%) buyer premium will be added to the high bid to determine the contract price on the real estate.

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.

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. 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. Information contained herein was obtained from sources deemed to be reliable. However, neither the Auctioneers, Agents, nor the 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.

TORRENCE ESTATE