TERMS AND CONDITIONS -  Published Reserve Auction of 53 Acres, with Lakefront, on Lake Cumberland FORMAT, LOCATION AND CONDUCT OF THE AUCTION: The Online Published Reserve Auction for 53 acres of land with Property ID 022-00-00-004.00 will be held between March 15th, and begins to close at 4 pm on Wednesday, March 20th, 2024 with the auction beginning to close at 4 pm.  If any bids are made in the final five minutes of the auction, the auction will reset for 5 minutes and will continue to reset until no bids are made for a 5 minute duration. We are publishing the reserve on this sale.  That means the opening bid, removes the reserve.  The published reserve for this auction is $475,000. Visit SVNauctions.BidWrangler.com to register and bid. TERMS & CLOSING: The real estate is being sold AS IS, WHERE IS, WITH ALL FAULTS CASH FOR DEED.  Down payment for the real estate auction day is 10% of the purchase price in good check with signed auction purchase contract.  That 10% deposit must be paid by check, which is to be sent via overnight mail to SVN Menish CRE, 4175 Westport Road, Suite 101, Louisville, KY 40207.  The balance of the purchase price is due at closing, on or before April 19, 2024 for a general warranty deed.    Current year taxes will be prorated between Buyer and Seller as is customary to Wayne County, KY.  Any delinquent property taxes will be paid by the seller at closing.  Possession will be with deed.  Buyer pays ALL closing costs including document preparation, filing fees, transfer tax, attorney title and closing fees.  Buyers release the Seller, Auctioneers and Brokers from any and all liability relating to any deficiency affecting the real estate, which release shall survive the closing of the transactions.  Buyer agrees to purchase the property AS IS, WHERE IS, WITH ALL FAULTS.  The Seller gives no warranties of any kind with respect to the condition or suitability of the property for the Buyers.  Bidding at this online auction shows the bidder has read, understands and has agreed to these terms and conditions. BUYER’S PREMIUM:  A 10% Buyer’s premium will be added to the winning bid to determine the selling price of the real estate. POSSESSION: Possession of the property shall be given date of deed. TWO PERCENT (2%) BROKER/AGENT PARTICIPATION: Attention Brokers and Agents: you will be paid at closing two percent (2%) of the high bid for representing a successful bidder closing this real estate transaction in accordance with the terms of the offering.  A registration form is available on the website and at our office.  Agents are to have submitted the broker registration form to bill.menish@svn.com or hand delivered to auctioneer by 4PM on Tuesday, March 19th, 2024.  Acceptance of a late broker registration form is at the discretion of Bill Menish of SVN Menish Commercial Real Estate and if approved, the co-op commission drops to 1% of the high bid for representing a successful bidder closing this real estate transaction in accordance with the terms of the offering..  DEFAULT:  In the event of default by the Buyer, the deposit shall be forfeited as liquidated damages. INSPECTIONS:  This is land with nothing keeping a potential bidder from inspecting it.  Though the sign on the gate says no trespassing.  Please contact the auctioneer Bill Menish before touring the property.  bill.menish@svn.com or (502) 939-0399  Please be considerate to the neighboring property owners. TECHNICAL PROBLEMS:   SVN Auction Services has made reasonable efforts to provide online bidding for this sale.  You recognize and acknowledge however that technical problems with hardware, software or internet connectivity, as well as human error may arise and may affect, without limitation, the sale website, or our online bidding program and process, your or our internet service and access and your connection to this sale bidding program and process.  You further acknowledge that these and other technical problems may develop at any time and with or without notice.  You acknowledge and agree that neither we nor the Seller is in anyway responsible for any such technical problems, and that you have no absolute or other right to be able to bid on their asset in the event of any such technical problem.  Notwithstanding the foregoing, you further acknowledge and agree that, in the event of any such technical problems, we reserve the right to postpone or cancel the sale and/or extend the bidding time for this sale and/or re-list the property for sale at another time, in our sold discretion, and that our decision with regard to any such actions is and will be final.  Bidders must take care in entering bids, and each Bidder will be responsible for all bids placed under the Bidder’s approved registration.  Once entered and recorded online, a bid is deemed to be final on behalf of the registered Bidder and may not be modified, retracted or rescinded in whole or in part.