DIRECTIONS: 

Located in the heart of the beautiful central Kentucky area in western Marion County.  Take Highway 84 (Howardstown Road) 1.3 miles west of Raywick to McCauley Road.  Follow McCauley Road 2.2 miles to the auction site...Just follow the red & yellow Lancaster Agency auction signs!

AUCTIONEER'S NOTE:

Surrounded by the gorgeous central Kentucky knobland, This property truly offers something for everyone...Whether you are looking for a great place to build your dream home...a nice farm to work & enjoy...or just want someplace to get away from it all...You definitely need to make your plans to attend on April 15th, 2006 at 10:30 A.M. and bid & buy the auction way!                   

NOTE TO BUYERS: 

This auction will be conducted in a very simple manner. First, offered as a whole and then by each individual tract.  Whichever way brings the most money is how it will be sold...It's truly just that simple.  You won't have to wonder whether you bought it or not...If you are the high bidder the first time around - you bought it!!!

ORDER OF SALE:

1st Offering:  To be offered as a whole, Tracts 1-5 grouped together, being 46.05 acres, more or less, per survey, including all buildings and improvements.

2nd Offering:  To be offered by each individual tract:

Tract 1:  5.80 acres, more or less, featuring 242.37 feet of road frontage on McCauley Road, the homeplace overlooking the farm with a separate driveway and a 20' X 36' barn.

Tract 2:  5.72 acres, more or less, featuring 258.19 feet of road frontage on McCauley Road, a 32' X 60' barn with a 16' X 60' open shed and a large pond.  This tract would make an excellent building lot with mostly flat to gently rolling land.

Tract 3:  11.02 acres, more or less, featuring a 20' X 52' barn with a 12' X 52' enclosed shed on one side and a 16' X 52' open shed on the other side, a pond and gently rolling farmland.  This tract would make a great combination with Tract 1.

Tract 4:  8.12 acres, more or less, featuring a combination of gently rolling land, hillside/pastureland, bottomland, some woodland and a creek.

Tract 5:  15.93 acres, more or less, featuring a combination of gently rolling land, bottomland, some woodland, a creek and a small pond.

NOTE:  The property will be sold in the manner which realizes the most money for the sellers.

TERMS & CONDITIONS:

* There will be a 10% Buyer's Premium added to all winning bids to determine the final sales price.

* Any purchaser of real estate will pay a 20% non-refundable deposit the day of the auction with an insurable interest in the property.  The balance will be due on or before May 15th, 2006.

* Possession and use will be granted with deed.

* 2006 property taxes to be pro-rated between the Seller and Buyer/s as of the deed date.

* THIS PROPERTY IS BEING SOLD AS IS.  The real estate is available daily for inspection by contacting The Lancaster Agency, Inc. at (270) 692-6748 or toll free at 1-888-692-7655

NOTE:  This home was built prior to 1978 and has the potential for lead based paint.  Lead based paint inspection and all other inspections by prospective buyers are to be performed prior to the auction.  A Waiver Of Lead Based Paint Inspection will be signed along with the Auction Purchase Contract for Tract 1, which includes the home.

* Survey Plats are available at the auction site or at The Lancaster Agency, Inc. office located at 121 E. Main Street, Lebanon, KY. 

ANNOUNCEMENTS MADE THE DAY OF THE AUCTION SUPERSEDE ANY AND ALL ANNOUNCEMENTS OR STATEMENTS WHETHER ORAL, WRITTEN OR OTHERWISE, REGARDLESS OF WHO MADE THEM OR WHEN THEY WERE MADE.