Legal Notices for 11/28/12, page 5

BEING Lot No. 5, Section C-1 of the Hemlock Subdivision, as recorded in Map Book 4, Page 84, Whitley County Clerk’s Office, and reference is made to the map book as if copied in full herein.

Elmer M. Adams and wife, Glenda Adams retain the oil and gas rights of the within property.

This property is subject to Protective Covenants as set forth in Miscellaneous Record Book 53, Page 480 and is also subject to utility easements as recorded in Miscellaneous Book 22, Page 484, and Miscellaneous Book 33, Page 553, Whitley County Clerk’s Office.

BEING THE SAME PROPERTY conveyed to Michael L. Johnson and wife, Leticia L. Johnson by deed from Elmer M. Adams and wife, Glenda Adams, dated May 13, 2004 and recorded in Deed Book 453, Page 237, Whitley County Court Clerk’s Office.

PROPERTY ADDRESS: 820 Hemlock Subdivision Road, Williamsburg, Kentucky 40769.

TRACT NO. 4:

A certain tract or parcel of land lying in Whitley County, Kentucky, and bounded and described as follows:

BEGINNING 75 feet from the center of L&N RR tract; thence with public road, S 29 E, 50 feet to a stake; thence N 64 ½ E. approximately 216 feet to the Sam Houston line fence; thence with Houston fence, N 28° 40’ W, to the L&N RR Co. right of way; thence with said right of way S 47 ½ W, 219 feet to the point of BEGINNING.

BEING THE SAME PROPERTY conveyed to Michael L. Johnson and wife, Leticia D. Johnson, by deed from Union Planters Bank, National Association, a/k/a Union Planters Bank, N.A., dated March 20, 2003 and recorded in Deed Book 442, Page 506, Whitley County Court Clerk’s Office.

PROPERTY ADDRESS: 80 Everett Rains Road, Williamsburg, Kentucky 40769.

TRACT NO. 5:

A certain tract or parcel of land lying in Whitley County, Kentucky, and bounded and described as follows:

BEING Lot #21 of Sand Acres as shown in Map Book 4, Page 162, Slide 353, and being a part of the sellers’ property described in Deed Book 363, Page 165, Whitley County Clerk’s Office.

BEING THE SAME PROPERTY conveyed to Michael L. Johnson and wife, Leticia L. Johnson, by deed from Jim Davenport and wife, Sandy Davenport, dated January 25, 2002 and recorded in Deed Book 432, Page 457, Whitley County Court Clerk’s Office.

PROPERTY ADDRESS: 130 Sheila Circle, Williamsburg, Kentucky 40769.

Map #072-00-00-025.26

TERMS OF SALE

1. The above property is shall be sold separately as five (5) separate tracts 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 ten percent (10%) down with the balance in thirty (30) days with interest at 12%.  Signatures of principal and surety on the bond shall have the effect of a Judgment.  In the event the Plaintiff or its representative is the purchaser for a sum equal to or less than its judgment granted against the Defendants, then, and in that event, they shall only be required to pay court costs and expenses of the sale and no payment shall be required and no bond shall be executed by them.

3. The risk of loss for the subject property shall pass to the purchaser on the date of sale.  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 all subsequent years after purchase.  All taxes or assessments upon the property for the current year and all 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 27th day of November, 2012.

HOWARD O. MANN, MASTER COMMISSIONER

WHITLEY CIRCUIT COURT

P. O. BOX 1344, CORBIN, KY 40702; PHONE: 606-528-0616