Lot # : 101 - Property #2: House with Commercial Building and

PLEASE READ TERMS AND CONDITIONS PRIOR TO BIDDING!!!!!!!!!!!!!!!!! Live on site and online bidding both accepted.. Online Pre-bidding will be accepted until the live auction portion of each property begins. At that point the online platform will transition into live simulcast bidding. The live portion of the commercial property located at 4540 KY HWY 2141 Stanford KY will begin at 10:00 am on Saturday October 18th. The current lease is verbal and will be the winning bidders responsibility to extend, renegotiate, or terminate with current tenant. The following items convey with the property-all tables and chairs, white refrigerator, Vent Master vent hood, 3-compartment sink, Avantco refrigeration prep table, steam table-NOT liners, gas range, 2 deep fryers, 1 Plant in corner. The live portion of the property located at 1450 Carter School Road will begin at 11:30 AM on Saturday October 18th. REAL ESTATE TERMS AS FOLLOWS: A NONREFUNDABLE earnest money of 10% of the total sale price is required within 24 hours of the close of the auction. The remaining purchase price is due at closing-which will take place within 30 days of close of bidding. BUYER'S PREMIUM: A buyer's premium of 10% is added to the bid price to arrive at the final purchase price. AUCTION BIDDER DEFAULT; If the winning bidder fails to submit the signed Contract for Sale of Real Estate and the 10% earnest money deposit within 24 hours of auction closure, they will be charged a penalty fee of $5000.00 on the credit card provided at auction registration. 2025 Taxes will be Prorated. Purchasers will pay all other closing costs associated with their side of the sale. BIDDER VERIFICATION: The identity of all bidders will be verified. if complete verification is not possible, Cornerstone Realty and Auctions will reject the registration and bidding activity will be terminated! This Property is being sold in "AS-IS" condition. The sale of this property is not subject to any contigencies including financing,appraisals, or inspections of any kind. Potential buyers may inspect the property prior to bidding. Upon registration by the bidder, bidder is agreeing to all terms and conditions as written within this document. Prospective bidders may conduct Lead Based Paint and other inspections prior to auction ending only. Waiver of inspections must be signed by winning bidder if they chose not to conduct inspections. Sold "AS IS", all information is believed to be accurate but not guaranteed. Remember to refresh your page during bidding, especially in the closing minutes of bidding. Please bid from the live catalog and not your watch list, the watch list isn't in real time. The lot will not officially close until all bidding has ceased. All Employees/Staff of Cornerstone Realty and Auction reserve the right to bid. THIS IS A CONFIRMATION SALE: The sellers MUST CONFIRM that the highest bid meets their reserve price. If the sellers confirmation price is NOT met, the property is not sold.