SATURDAY, JANUARY 26TH – 10:00AM

Terms

BY VIRTUE OF A DECREE AND ORDER OF SALE OF THE BUTLER CIRCUIT COURT, the Master Commissioner working in conjunction with Joe B. Houchens Auctioneers, Inc., will sell at public auction the real property in the following action on Saturday, January 26^th, 2019, about the hour of 10:00 a.m. “offsite” at 102 Parkway Lane, Morgantown, KY 42261 (The new Butler County Extension Service). The property shall be sold to collect the amounts hereinafter set forth, together with interest and the costs of the action, and upon the following terms and conditions (unless otherwise stated).

A. The successful purchaser may pay the purchase price in full on the date of sale OR the successful purchaser will be required to pay 10% down on the date of sale with the balance of the purchase price plus interest on said balance at the rate the judgment bears (KRS 426.705) from the date of sale with balance to be paid within 30 days of the date of sale. If the successful purchaser does not pay the purchase price in full on the day of sale, the purchaser shall execute a bond with an approved surety bearing interest at the rate the judgment bears (KRS 426.705) from the date of sale until paid which bond shall have the force and effect of a judgment. The Commissioner shall retain a lien upon the property sold as additional security. All bidders must be prepared to comply promptly with these terms. Contact the Master Commissioner’s office at (270) 526-2424 for any questions regarding the required bond and surety.

B. The property is sold subject to the following: (a) State, County, City and School taxes payable for the entire year of 2019 and all taxes due thereafter. The Master Commissioner will make a good faith effort to obtain and pay all taxes or assessments upon the property for prior years; however, this cannot be guaranteed. (b) Easement, restrictions, and covenants of record. (c) Any facts which an inspection or accurate survey of the property may disclose. (d) Any assessments for public improvements levied against the property. (e) Any applicable zoning regulations.

C. The property shall otherwise be sold free and clear of any and all right, title and interest of all parties to the action and their liens and encumbrances thereon.

D. For a more particular description of these properties, reference is made to the file on record at the Butler Circuit Clerk’s Office on the second floor of the Butler County Courthouse.

E. You assume risk of loss of the property the day of the sale. Therefore, you should secure property and casualty insurance to protect your interest.

F. The Master Commissioner does not have access to this property listed below and therefore makes no representation or warranty of any kind as to the conditions of this property.

G. This property is being sold “as-is” with complete inspection encouraged.  All information gathered for this advertised auction is from reliable public sources and is deemed correct, however it is not guaranteed by brokers and auctioneers conducting the sale.

FARM CREDIT MID-AMERICA,  PCA vs. JAMIE SUMMERS FARMS, LLC, et al.pending in the Judgment and Order of Sale in Butler Circuit Court, Case No. 17-CI-00147, to collect $1,460,655.27, bearing interest at a rate of 6.24% per annum from July 12^th, 2017 until paid (Count One); AND to collect $12,640.50, bearing interest at a rate of 5.85% per annum from July 12^th, 2017 until paid (Count Two); AND to collect $9,806.84, bearing interest at a rate of 5.50% per annum from July 12^th, 2017 until paid (Count Three) AND to collect $90,659.75, bearing interest at a rate of 7.10% per annum from July 12^th, 2017 until paid (Count Four) AND to collect $66,618.82, bearing interest at a rate of 7.10% per annum from July 12^th, 2017 until paid (Count Five), together with expenses advanced by Farm Credit, including but not limited to payment of property taxes, court costs and expenses of sale, for all of which execution may be had.

SALE NO. 1: 82± Acres on Carson Bridge Road – PVA Parcel #061-00-00-004.00

Being the same property conveyed to Jamie Summers and Natalie Summers, husband and wife, by deed dated February 28, 2013 and recorded in Deed Book 213, Page 441, records of the Butler County Court Clerk’s Office.

SALE NO. 2: 96± Acres on Hwy 70 (Rochester Road) – PVA Parcel #036-00-00-032.00

Being the same property conveyed to Jamie Summers and Natalie Summers, husband and wife, by deed dated May 29, 2012 and recorded in Deed Book 210, Page 391, records of the Butler County Court Clerk’s Office.

Hon. Bryan Hayes, Attorney for the Plaintiff

Randall L. Short - Butler County Master Commissioner