112 ACRES - HOME - BARNS - SHOP - CROPLAND - PASTURE - WOODS - SELLING IN PARCELS AND COMBINATIONS - ONLINE BIDDING ONLY ENDS TUES., SEPT. 22ND @ 4:00 PM EDT

ESTATE SETTLEMENT AUCTION

112 ACRES - HOME - BARNS - SHOP

CROPLAND - PASTURE - WOODS

Selling in Parcels and Combinations

ONLINE BIDDING ONLY ENDS

TUES., SEPT. 22ND @ 4:00 PM EDT

ADDRESS: Located in Meade County at 1824 Willetts Bottom Road, Battletown, KY 40104

in the Little Bend Community

INSPECTION/OPEN HOUSE: Wednesday, September 16th from 4:00 to 6:00 PM EDT

and Tuesday, September 22nd from 12:00 to 4:00 PM EDT

Online bidding on individual Parcels is now open.

Combination bidding or "Grouping" will be allowed on Tues., September 22nd.

DIRECTIONS: From Payneville take Hwy 144 west (Rhodelia Road) approximately 5 miles to Hwy 228 (Wolf Creek Road just past Stull’s Country Store), turn right, proceed 3 miles to Little Bend Road, turn left go 4 miles to Willetts Bottom Road, turn right and continue 1 mile to the Schafflein Farm. (signs posted)

BARR BROTHERS REALTY & AUCTION, LLC, Auctioneers Stephen Barr, Jamie Barr, Chris Barr, Evan Barr, Eric Barr, App. Jacob Henning, and App. Hunter Barr; and BARR REALTY & AUCTION CO., INC., Auctioneers Mark Barr and Dennie Armes, have been selected by Ronald S. Schaftlein, Executor of the David Schaftlein Estate, to conduct this online estate absolute auction.

REAL ESTATE: Going on the auction block, selling by online bidding only, will be The David and Frances Schaftlein farm consisting of 112 acres, custom built home, shop, machinery sheds, and outbuildings. It is located in the Little Bend Community of Meade County. You will seldom have the opportunity to purchase farmland or a home in this area. This farm was purchased in 1985. The home was custom built in 1990 by Paul Stull, and has been meticulously maintained. This setting is reminiscent of an old country farmhouse scene.

Parcel 1: 1830 Willetts Bottom Rd.: 5.3 acres of open land with a 32 ft. x 80 ft. machinery shed and a cattle corral with loading chute.

Parcel 2: 1800 Willetts Bottom Rd.: 17.5 acres all cropland.

Parcel 3: 1820 Willetts Bottom Rd.: 16.4 acres mainly hay or pasture land with some woods. Contains approximately 33,530 board feet of timber with an approximate value of $12,010.00.

Parcel 4: 1900 Willetts Bottom Rd.: 33.3 acres all cropland.

Parcel 5: 1888 Willetts Bottom Rd.: 36.2 acres of hayfield, pasture land and some woodland. Contains approximately 14,160 board feet of timber with an approximate value of $3,774.00.

Parcel 6: 1824 Willetts Bottom Rd.: Includes the home and 3.7 acres. It is a 1 ½ story brick home with a full basement and approximately 2,017 square feet of finished living space. The ground level contains one bedroom, full bathroom, country kitchen/dining area, living room, and utility room. The upper level houses three bedrooms and a full bathroom. The full basement contains a finished living room, workshop, and storage area. The basement has an outside entrance via walk-up steps. Additional features include covered front and back porches that run the entire length of the home, heat pump, central air, and wood stove. The home is situated on a knoll with mature shade trees, 3.7 acres of land, a water well, 25 ft. x 48 ft. workshop, 22 ft. x 42 ft. shed, and 32 ft. x 62 ft. corncrib shed combination.

All parcels have paved road frontage on Willetts Bottom Road. You can view the auction plat for a sketch of the parcels. Bidders can choose individual parcels, combinations of parcels including the farm in its entirety. It will sell in the manner which creates the highest total selling price for the seller.

BID CENTER: A bid center will be open at 3:00 PM EDT on September 22nd in the Meade County Fairgrounds Home and Garden Building located at 876 Hillcrest Drive, Brandenburg, KY 40108.

REAL ESTATE TERMS & CONDITIONS: Deposits required as follows: Parcels 1 and 3: $10,000 each, Parcel 2: $15,000, and Parcels 4, 5, and 6: $20,000 each. Deposits to be made in the form of cash, cashier’s check, personal check with up-to-date bank letter guaranteeing funds, or wire transfer. Balance due by November 6, 2026. POSSESSION: Date of new deed transfer only on home, buildings, pasture, hay, and woodland; Cropland: after the crop of soybeans has been harvested. The seller retains the soybean crop and the lease proceeds for the cropland for the 2026 crop year. TAXES: 2026 real estate taxes paid by the seller. Other online bidding terms apply. BUYERS PREMIUM: A 10% buyer’s premium will be added to all winning bids to determine the final selling price. IMPORTANT NOTICE: All real estate sold as is where is condition with no warranty or guarantee expressed or implied. Although information has been obtained from sources deemed reliable, neither the seller nor the auctioneer makes any warranty or guarantee, expressed or implied, as to the accuracy of the information herein contained. It is for this reason that buyers should avail themselves of the opportunity to inspect prior to the auction. All announcements from the auction block take precedence over any printed material or any oral statements made. Not responsible for accidents.

The David Schaftlein Estate

REAL ESTATE TERMS & CONDITIONS: Deposits required as follows: Parcels 1 and 3: $10,000 each, Parcel 2: $15,000, and Parcels 4, 5, and 6: $20,000 each. Deposits to be made in the form of cash, cashier’s check, personal check with up-to-date bank letter guaranteeing funds, or wire transfer. Balance due by November 6, 2026. POSSESSION: Date of new deed transfer only on home, buildings, pasture, hay, and woodland; Cropland: after the crop of soybeans has been harvested. The seller retains the soybean crop and the lease proceeds for the cropland for the 2026 crop year. TAXES: 2026 real estate taxes paid by the seller. Other online bidding terms apply. BUYERS PREMIUM: A 10% buyer’s premium will be added to all winning bids to determine the final selling price. IMPORTANT NOTICE: All real estate sold as is where is condition with no warranty or guarantee expressed or implied. Although information has been obtained from sources deemed reliable, neither the seller nor the auctioneer makes any warranty or guarantee, expressed or implied, as to the accuracy of the information herein contained. It is for this reason that buyers should avail themselves of the opportunity to inspect prior to the auction. All announcements from the auction block take precedence over any printed material or any oral statements made. Not responsible for accidents.

This property is offered in 6 Parcels. Each tract is offered individually, high bidders choice, and in combination with other tracts and the property in its entirety. The configuration that produces the best offer to the seller will determine how the property sells. Barr Brothers Realty & Auction LLC has the sole authority to resolve any bidding disputes as they may arise. Auction End Times: All of Barr Brothers Realty Auction LLC’'s Online Real Estate Auctions are timed events and subject to the extended bidding due to bidding activity. Barr Brothers Realty and Auction LLC reserves the right to adjust the auto extension time period. Example: Barr Brothers Realty & Auction LLC’s Online Real Estate Auctions have a "Dynamic Close" auto extend feature. From 4:00 PM EDT to 5:00 PM EDT, any bid placed within 5 minutes of the advertised auction end time will automatically extend the auction for 5 minutes from the time the bid is placed. From 5:00 PM EDT to 6:00 PM EDT, extend time will be adjusted to 3 minutes. From 6:00 PM EDT and after, extend time will be adjusted to 2 minutes. Example: If an auction is scheduled to end at 4:00 PM and receives a bid at 3:59 PM, 5 minutes is added to the time that is left, making the end time now 4:04 PM. The "Dynamic Close" auction extension auto-extend feature remains active until no further bids are received on the entire bidding group of properties within the auto-extend time frame and which time the auction will close. Barr Brothers Realty & Auction LLC reserves the right to adjust the auto extension time period at their discretion. Bidder Verification: The identity of all bidders will be verified, bidding privileges are provisional, and if complete verification is not possible, Barr Brothers Realty & Auction LLC reserves the right to reject the registration and bidding activity and is subject to termination.

Bid Increment Table:

$0 - $10,000 = $100

$10,500 - $100,000 = $500

$100,000 - $250,000 = $1,000

$250,000 - $500,000 = $2,000

$500,000 - $1,000,000 = $5,000

$1,000,000 - $2,000,000 = $7,500

$2,000,000 and Up = $10,000

1. Real Estate Terms and Conditions:

NOTE: If you require any type of government guaranteed loan such as VA, FHA, RHS or KY Housing Corporation, PLEASE DO NOT BID! There are no financing contingencies for homes sold at auction. If you are obtaining financing it is recommended that you use a conventional type loan only. You should speak with your loan officer prior to bidding to ensure that the financing can be completed within the allowed time frame and according to the terms and conditions as shown on the purchase contract agreement and addendum.

2. This online only auction is a cash sale not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Agreement to Purchase Real Estate.

3. A Buyer’s Premium of 10% is added to the high bid. At the close of the auction, the successful Bidder will be emailed an Agreement to Purchase Contract to be executed and returned to Barr Brothers Realty & Auction, LLC within Forty-Eight (48) hours. Successful Bidders will make their deposits in the form of cash, cashier’s check, or wire transfer with Barr Brothers Realty & Auction, LLC within Forty-Eight (48) hours of the completion of the auction.

4. Purchaser will be responsible for all wire transfers.

5. Per the Contract, time is of the essence; you should proceed to closing within Thirty (30) days. Possession shall be given to the successful Buyer(s) at closing. Any closing fees charged by the buyer(s) lender or closing attorney will be a buyer(s) expense.

6. Successful Bidders not executing and returning their Contract with Earnest Money deposit within 72 hours of the conclusion of the auction will be considered in default. If your closing is delayed for any reason, by you, as purchaser or other parties working on your behalf, including any lender you involve, you may be declared in breach of this contract, forfeit all deposits made and could be additionally liable for any and all costs incurred by Seller and Barr Brothers Realty & Auction, LLC incurred in a subsequent resale of the property.

7. Buyer(s) must be prepared to make a cash offer. There are no contingencies to this sale (i.e. financing, appraisal, repairs or inspections). Therefore, you should be pre-qualified by a lender prior to bidding if you require financing. This property is being sold for cash “as is, where is.” with a closing deadline.

8. SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Barr Brothers Realty & Auction, LLC reserves the right to extend bidding, continue the bidding, or close the bidding. Neither the Company providing the software nor Barr Brothers Realty & Auction, LLC shall be held responsible for a missed bid or the failure of the software to function properly for any reason.

9. Barr Brothers Realty & Auction, LLC reserves the right to remove or cancel the bids and or bidding rights and privileges of any party at any time deemed not to be in the best interest of the seller. The identity of all bidders will be verified, bidding rights are provisional and if complete verification is not possible, Barr Brothers Realty & Auction, LLC will reject the registration and bidding activity will be terminated.

10. Barr Brothers Realty & Auction, LLC will make its best efforts to accept and submit your bids. However, due to possible equipment malfunctions, lapsed time due to internet connections or bidders not acting quickly enough, we do not guarantee that a bid will be received and/or accepted. It is of no benefit to wait to the last second to submit a bid. In the event bidding is active the auto extend feature will automatically extend the time unless we inform you otherwise. It is for this reason that we highly recommend that you submit any and all bids as quickly as you can to ensure that it is received/accepted.

11. Auctioneers and/or a Barr Brothers Realty & Auction, LLC representative have the option of reopening the bidding for any item if they deem a computer or electronic malfunction prevented a potential or existing bidder from placing bids. Even though a bidding time may have ended and the computer screen may show the bidding is CLOSED. The auctioneers and/or a Barr Brothers Realty & Auction, LLC representative may reopen the bidding at their sole discretion.

12. Barr Brothers Realty & Auction, LLC reserves the right to change a bidder’s user name and/or password at any time for any reason.

13. Buyer acknowledges they are buying property “as is, where is”, without inspections or contingencies, Buyer(s) will rely on his/her own judgment and inspection.

14. Barr Brothers Realty & Auction, LLC and their representatives are Exclusive Agents of the Seller(s).

15. Real Estate is sold subject to any and all existing matters of record and all easements building use or zoning laws and regulations.

16. All Barr Brothers Realty & Auction, LLC Online Only Real Estate Auctions are timed events that have an auto-extend feature. Any bid placed within 5 minutes of the auction ending will automatically extend the auction for 5 minutes from the time the bid is placed. Example: If an auction scheduled to end at 12:00 p.m. receives a bid at 11:59 a.m., the close time of the auction automatically extends to 12:04 p.m. The auto-extend feature remains active until no further bids are received within the 5 minute time frame.

17. IMPORTANT NOTICE: Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account.

18. When using the website you must obey any and all local, state and federal laws. Violations will result in termination of website use privileges.

19. Auction company employees and/or auction company may bid on auction items.

20. We gather aggregate information from this web site which may include but is not limited to: number of page visitors, most visited pages, any and all correspondence. All property sold “as is where is” condition with no warranty or guarantee expressed or implied. Although information has been obtained from sources deemed to be reliable, neither the seller nor the auctioneer makes any warranty or guarantee, expressed or implied as to the accuracy of the information herein contained. It is for this reason that buyers should avail themselves of the opportunity to make an inspection prior to the auction. All instant announcements from the auction company take precedence over any printed material or any oral statements made. Not responsible for accidents.

21. This is a binding agreement upon the buyer. If the buyer defaults on this agreement, the real estate can be sold again. The buyer will be responsible for paying the monetary difference between the selling prices and all expenses incurred in the resale including but not limited to advertising, promotion, sales fees, closing fees, buyers premiums, attorney fees and court costs.

22. Any and all bidders acknowledge, agree, and accept that Barr Brothers Realty & Auction, LLC reserves the right to disclose or not to disclose, at their discretion, the identity of any bidders to other bidders after the completion of any auction.

112 ACRES - HOME - BARNS - SHOP - CROPLAND - PASTURE - WOODS - SELLING IN PARCELS AND COMBINATIONS - ONLINE BIDDING ONLY ENDS TUES., SEPT. 22ND @ 4:00 PM EDT

PARCEL 1: SHED • 5.314 ACRES

PARCEL 2: 17.567 ACRES

PARCEL 3: 16.49 ACRES

PARCEL 4: 33.333 ACRES

PARCEL 5: 36.293 ACRES

PARCEL 6: HOME • BUILDINGS • 3.798 ACRES

112 ACRES - HOME - BARNS - SHOP - CROPLAND - PASTURE - WOODS - SELLING IN PARCELS AND COMBINATIONS - ONLINE BIDDING ONLY ENDS TUES., SEPT. 22ND @ 4:00 PM EDT

PARCEL 1: SHED • 5.314 ACRES

PARCEL 2: 17.567 ACRES

PARCEL 3: 16.49 ACRES

PARCEL 4: 33.333 ACRES

PARCEL 5: 36.293 ACRES

PARCEL 6: HOME • BUILDINGS • 3.798 ACRES

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