196 Charters Drive , Vanceburg, KY 41179(Lewis County)

TERMS & CONDITIONS: The Property is to be Sold upon the following Terms/Conditions: TERMS OF PURCHASE, REAL ESTATE: Property sold to settle the ESTATE OF DOUGLAS M. HAMLIN by his legal heirs/owners of the property, Trenda Shanane Caiazzo and Kylie Anna Hamlin, with the property to be sold at ABSOLUTE AUCTION to the highest and best bidder, regardless of price (the definition of Absolute Auction as adopted by the Kentucky Board of Auctioneers has been provided to the property owners. The owners acknowledge an understanding of the definition and agrees that the auction shall be conducted in accordance with said definition).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 the 30th day of January, 2024. 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 2024 real estate taxes to be payable by the purchaser (NO PRORATION), however any prior years taxes that may have been unpaid shall be payable by the seller. 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. 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 WHATSOEVER, EITHER EXPRESSED OR IMPLIED. 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. NOTE/DISCLOSURE: The subject property consists of an acre lot served with public water and electricity and is improved with a two car detached garage building in addition to a two story frame home. THE HOME IS NOT SERVED WITH A SEPTIC SYSTEM. However, while the home is not served with a septic system and is therefore not suited to occupancy, it may be utilized for storage or an alternative sanitary waste disposal system (placement of a septic system/leach field or a holding tank that may be pumped when needed, use of a composting toilet, porta-potties, or combination thereof, etc.). In addition, the lot consists of one acre that is not subject to restrictions that would prohibit it from being utilized as a site for placement of a singlewide, doublewide, mini-home, or with a new home structure (however no Site Evaluation For Septic Tank Placement has been performed on the property and it would be up to the purchaser to arrange for such inspection), and the property is already provided with a two car garage that is wired and has a concrete floor. 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. 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!THIS AUCTION CONTRACT IS AN EXCLUSIVE RIGHT TO SELL LISTING AGREEMENT.

Auction conducted by Craig A. Stanfield Real Estate & Auction Services, Craig A. Stanfield Real Estate Broker & Auctioneer.