Legal Notices for 1/26/11, page 2

 with accrued interest thereon at the current Note rate of 8.75% per annum starting from April 1, 2010, until fully paid, plus costs expended, plus Plaintiff’s attorney fees of $2,500.00, pursuant to KRS 411.195.

(2) Plaintiff is awarded an In Rem Judgment on the Pleadings as to the interests of the Defendants, Jamos Fund I and Forcht Bank, successor-in-interest to Williamsburg National Bank.

(3) Plaintiff is awarded an In Rem Judgment on the Pleadings as to the interest of the Defendant, Tax Ease Lien Servicing LLC.

(4) To Secure said Judgment described in Paragraph 1, above, Plaintiff is hereby adjudged to have a lien against the real property and appurtenances located thereon.

The said real property is located in Whitley County, Kentucky and is more specifically described as follows:

A certain tract or parcel of land lying in Whitley County, Kentucky, and being part of the same land conveyed to Barbara Ball Goodlet by deed from James Ball and wife, Betty Sue Ball, dated June 2, 2000, and recorded in Deed Book 420, Page 675, Whitley County Court Clerk’s Office, and bounded and described as follows:

Tract No. 1: Being Lot #4 of the Davenport Estate as shown in Map Book 4, Page 137, Slide 333, Whitley County Court Clerk’s Office, and reference is made to the Map Book 4, Page 137 for description the same the same as if copied in full herein.

Being the same property conveyed to Leonard Carpenter and Karan Carpenter from Janet Ball and Connie Howard by Deed recorded on October 14, 2005, and being of record in Book 464, Page 754, in the Office of The Clerk of Whitley County, Kentucky.

Said property address is: 164 Highway 204, Williamsburg, KY 40769.

TERMS OF SALE

1. The above property is indivisible and shall be sold as a whole to produce the sum of money so ordered to be made.

2. On the date of sale, the purchaser shall either pay cash or, with surety on a bond approved by the Commissioner, may pay 10% down of the purchase price together with a bond (for the remainder of the purchase price) with good and sufficient surety, bearing interest from the day of the sale and payable to the Master Commissioner within thirty (30) days.  Signatures of principal and surety on the bond shall have the effect of a Judgment.  In the event the Plaintiff or its representative be the purchaser, then, and in that event, no payment shall be required and no bond shall be executed by it.

3. Possession of the premises shall pass to the purchaser upon payment of the purchase price and delivery of deed.

4. The purchaser shall be required to assume and pay all taxes or assessments upon the property for the current tax year and all subsequent years.  All taxes or assessments upon the property for prior years shall be paid from the sale proceeds if properly claimed in writing and filed of record by the purchaser prior to payment of the purchase price.

5. The property shall be sold subject to the following:

a. Easements, restrictions and stipulations of record;

b. Assessments for public improvements levied against the following real estate;

c. Any facts which an inspection and accurate survey of the following described real estate may disclose.

6. If the property does not bring two-thirds of its appraised value, a one year right of redemption will exist pursuant to KRS 426.530.

7. This property is sold subject to the right of redemption, if applicable, provided in 28 USCA Sec. 2410.

Dated this 25th day of January, 2011.

HOWARD O. MANN, MASTER COMMISSIONER

P.O. BOX 1344, CORBIN, KY 40702

TELEPHONE: (606) 528-0616; FACSIMILE: (606) 528-0709

 

FINANCIAL STATUS REPORT

KAY SCHWARTZ, WHITLEY COUNTY CLERK

JAN 01, 2010 – DEC 31, 2010

RECEIPTS

USAGE TAX $ 1,650,808.90

VEHICLE LICENSES

TRANSFERS & TITLES 1,101,596.81

AD VALOREM TAX &

AD VALOREM TAX LIENS 2,244,758.90

DELINQUENT TAX &

DELINQUENT TAX LIEN FEES 838,852.13

FISH & GAME LICENSE 4,394.00

DOCUMENT RECORDING

FEES (DEEDS, ETC) 235,943.77

RECORDING MISC

(MARRIAGES, ETC) 130,202.45

DEED TRANSFER TAX 37,027.00

INTEREST 2,083.59

FRANCHISE BANK

DEPOSIT TAXES 96,257.40

TOTAL RECEIPTS 6,341,924.95

 

EXPENDITURES

USAGE TAX $ 1,601,245.25

VEHICLE LICENSES

TRANSFERS & TITLES 758,888.93

AD VALOREM TAX &

AD VALOREM TAX LIENS 2,136,530.71

DELINQUENT TAX &

DELINQUENT TAX LIEN FEES 763,058.04

FISH & GAME LICENSE 4,180.00

LEGAL PROCESS TAX REC &

AFFORDABLE HOUSING FUND 63,429.85

SALARIES, EX WORK, ETC.

OCCUPATIONAL/PAYROLL TAXES 507,832.05

DEED TRANSFER TAXES 35,175.62

RETIREMENT & INSURANCE 158,469.20

ELECTION EXP, EQUIP MAINT

EQUIP PURCHASE & ETC 99,777.16

OFFICE SUPPLIES, BRANCH

OFFICE RENT, POSTAGE, ETC 69,013.13

FRANCHISE BANK

DEPOSIT TAXES 96,257.40

TOTAL EXPENDITURES:           6,293,857.34

 

EXCESS RECEIPTS OVER EXPENDITURES:       $ 48,067.61

 

This settlement is subject to change after audit of public accounts!

Subscribed and sworn to before me by, Kay Schwartz, Whitley County Clerk, this 15th day of January, 2011.

KAY SCHWARTZ, CLERK – WHITLEY COUNTY

CAROLYN WILLIS, NOTARY PUBLIC – MY COMMISSION EXP: 11-30-2012