HERMAN T. PAYNE ESTATE AUCTION - Edinburg, VA

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ESTATE AUCTION

SATURDAY, MARCH 28, 2009 - ON SITE

9:30 A.M. PERSONAL PROPERTY

11:00 A.M. REAL ESTATE

Property of the late Herman T. Payne Estate

1931 Barbershop Rd., Edinburg, VA

VERY UNIQUE VALLEY PROPERTY

* 12 +/- ACRE FARM WITH DWELLING HOUSE

* FARM BUILDING W/WALK-IN COOLER, TACK ROOM, MACHINE STORAGE AND WOODWORKING SHOP

* TRACTORS * VEHICLES * TACK * MACHINERY

* HOUSEHOLD GOODS

* 7.8 +/- ACRES WOODLAND NEAR JEROME AREA

(Fronting on Liberty Furnace Road)

THIS PROPERTY WILL ALSO BE AUCTIONED AT 1931 BARBERSHOP RD., EDINBURG, VA

Directions: From I-81 at Edinburg, VA take Stoney Creek Rd. west a short distance to a right on Barbershop Rd. to Auction on right.

Farm Description: A one story frame dwelling house consisting of two bedrooms, full bath and a half, living room, kitchen-dining area, office, laundry room, front porch, and deck on the main level. This home also has a full unfinished basement with built-in garage. The dwelling has T-111 siding, composition shingle roof, electric baseboard heat, central air conditioning, flue, insulated windows, carpet and vinyl floor coverings and is served by a drilled well and conventional septic system.

This property is further improved by a frame farm building with attached 6’ x 8’ Storemon walk-in cooler, tack room, woodworking shop, tractor storage, hay storage and animal shelter. There is also a small frame garden shed.

The farm is located on a hard surfaced state road minutes from I-81 near Edinburg, VA. The land is gently rolling, fenced and offers great views of the mountains and countryside.

Farm Legal: Two adjoining parcels totaling 12 +/- acres by survey, with improvements further described in Deed Book 474 Page 612, Tax Map # 057 A 106 & 106A.

Jerome Woodland Description: An unimproved 7.8 +/- acre parcel by new survey, all wooded and fronting on (State Rt. 717) Liberty Furnace Road near the Jerome area in the western part of Shenandoah County.

Jerome Woodland Legal: 7.8 +/- acres further described in Deed Book 1067 Page 868. Tax Map # 053 A 126.

Terms: Farm: $20,000; Woodland: $2,500 - bidder’s deposit by cash or cashier’s check at the conclusion of the auction, balance due in full within 30 days at closing. Property is being sold “as is” without warranties or representations of any kind, including but not limited to physical condition and is subject to all rights of way, restrictions and easements of record, if any. Property is available prior to auction for prospective purchasers to make inspections including lead base paint. Property is being offered in gross and not by the acre and is subject to confirmation of the undersigned seller. This is a cash transaction and not subject to financing. To preview property contact auctioneers.

PERSONAL PROPERTY

VEHICLES: 1999 Chevy 2500 super cab, short bed pickup truck, V8, AC, AT, 122k w/tool box; 1990 Toyota pickup 4 x 4, V6, high mileage; 2000 Big Valley four-horse trailer Model 1200; 1982 VW diesel truck, 4 speed manual trans., AC, w/topper, 95k; 2002 Yamaha Vino scooter, low mileage.

TRACTORS: Very rare 1939 Cletrac General GG tractor; 1949 John Deere MT tractor, garage kept; Ford 1910 diesel tractor 4 x 4 with 770B front end loader, garage kept.

IMPLEMENTS AND LAWN EQUIPMENT & MISC.: Cub Cadet 50” zero turn lawn mower (2yrs. Old); Bush Hog 4’ rear rotovator, 3 pt. hitch; Comer 5’ rotary cutter, 3 pt. hitch; Kinco KMG 38 – 3’ sickle bar push mower; Spring tooth harrow; 5’ scraper blade, 3 pt.hitch, disc, 3pt. hitch; 2 bottom plow 3pt. hitch; pallet mover, 3pt. hitch; 2 wheel utility trailer; PTO 12 Generator; tiller; hand, yard & garden tools; misc. tools.

FARM RELATED ITEMS, TOOLS & TACK: Head chute; 15 corral panels 10’; Troybilt rear tine tiller; FMC garden tractor w/plow (no deck); Homelite XL2 chainsaw; wheel barrow, long handle tools; grindstone; misc. farm gates; old tools; crosscut saw; hay knife; scythe; AJAX air compressor; old wooden wheel barrow; Craftsman 10’ band saw-table top model; Craftsman 10’ table saw; Wards 10” radial arm saw; table top model; pony saddle; Hereford brand saddle; English saddle (ladies); winter sash bridles; halters; fishing tackle box; fishing equipment; Tuff Bin tool box.

GUNS: Hi Standard .22 revolver w/holster; Colt .38 sp. revolver w/holster; H&R Topper model 158 single shot; 12 ga. shotgun (rough); Marlin WMR 22 LR stainless w/scope; Stevens .410 single shot shotgun.

FURNITURE & HOUSEHOLD ITEMS: Plaid living room sofa & arm chair; blue recliner; modern oak ext. table w/8 chairs including 2 captains; modern oak corner cupboard; Formica top kitchen table; 2 cabinets; modern roll top desk; gun cabinet; base cabinet; 3 pc. limed oak bedroom suite; box springs & mattress; Phillips TV on stand; misc. furniture; Sentry safe; Kaleidoscope & cards; Anniversary clock & other clocks; whatnots; Griswold skillet; sm. electric appliances; pots & pans; DVD player; tape deck; lamps; books; cook books; smalls; 2 crocks; tubs; butcher knives; lg. brown jug; electric boat motor; dinner bell.

APPLIANCES: GE refrigerator freezer w/ice thru door; Kenmore dryer; GE washer; Kenmore vacuum w/power head; Kenmore freezer; Frigidaire upright freezer; cast iron stove; sm. electric fireplace stove, propane heating stove.

OTHER: Custom made steel handicap ramp; 9’6” x 20’ metal carport.

TERMS – PERSONAL PROPERTY: Cash or check with photo ID.

LUNCH SERVED BY: The Toms Brook United Methodist Men

AUCTIONEERS: SELLER:

Pangle Real Estate & Auction Co., Inc. Ellen P. Kern, Executrix

Woodstock, VA 22664 of the Herman T. Payne Estate

(540) 459-2113 VA.A.F. #272

Auction Terms

Terms: Farm: $20,000; Woodland: $2,500 - bidder’s deposit by cash or cashier’s check at the conclusion of the auction, balance due in full within 30 days at closing. Property is being sold “as is” without warranties or representations of any kind, including but not limited to physical condition and is subject to all rights of way, restrictions and easements of record, if any. Property is available prior to auction for prospective purchasers to make inspections including lead base paint. Property is being offered in gross and not by the acre and is subject to confirmation of the undersigned seller. This is a cash transaction and not subject to financing. To preview property contact auctioneers.