LEGAL NOTICE COMMISSIONER’S SALE
Tuesday, May 17, 2016 at 12:00 Noon At The Courthouse Door, Barren County Courthouse (Judicial Center) Courthouse Square, Glasgow, Kentucky Courthouse Square, Glasgow, Kentucky
South Central Bank, Inc. v. Rickey Sams, Jr., et al
By Virtue of Judgment In The Case Set Forth Below:
I shall sell to the highest and best bidder at the time and place above, the following real estate and improvements thereon in Barren County, Kentucky, to wit:
Legal Description:
Includes house and lots Nos. 5, 6, 7, and the West 5 feet of Lot No. 8 of the Martin Estates Subdivision of the Town of Cave City, Kentucky, a plat of which is of record in Plat Book 1, Page 86, Barren County Court Clerk’s Office. PVA # C3-3-2
Also known as: 305 Mammoth Cave St., Cave City
For the purchase price, purchaser may pay cash, or may pay 10% of the purchase price in cash, with the balance of the purchase price secured by a purchase money bond due in thirty (30) days, with good and approved surety on the bond, and bearing interest at the rate of 12% per annum from date of sale until paid, said bond to have the same force and effect as a judgment and remain a prior and superior lien on the property until fully paid.
The property shall be sold with the improvements thereon, "as is" and specifically subject to easements, restrictions and stipulations of record, assessments for public improvements levied against the property, and any facts which an inspection and accurate survey of the property may disclose. The successful bidder at the sale shall, at bidder’s own expense, carry fire and extended insurance coverage on any improvements from the date of sale until the purchase price is fully paid, to the extent of the court appraised value of the improvements or unpaid balance of the purchase price, whichever is less as a minimum, with the loss payable clause to the Master Commissioner of the Barren Circuit Court. Bidders shall be prepared to promptly comply with the terms of sale; purchaser shall pay property taxes due for 2016 and following years. The judgment authorizing the sale is a Judgment and Order of Sale in Barren Circuit Court Civil Action No. 14-CI-575, South Central Bank, Inc. vs. Rickey Sams, Jr. to recover in rem the amount of $56,066.36, together with interest at the rate of 5.875 per cent per annum from March 8, 2016 until paid, including attorney’s fees to be approved by the court, and costs herein expended. Inquire of the Master Commissioner.
Carla W. Allen Master Commissioner Barren Circuit Court
Phone
(270) 646-0898
www.barrencountymc.50megs.com