ABSOLUTE AUCTION

HOPEWELL FARM

584 +/- ACRES

IN THREE TRACTS (174, 367 & 43 +/- Acres)

Tuesday, July 16—10:30 a.m.

Corner of Old Frankfort and Pisgah Pikes, Woodford County, Kentucky

OPEN HOUSE: SUNDAY, JULY 7 & 14—2:00-5:00 P.M.

TERMS: This property is being sold in conjunction with the Master Commissioner of Woodford County, pursuant to that Judgment and Order of Sale entered by the Woodford Circuit Court, Case No. 13-CI-126, PNC Bank, NA vs. Hopewell Farm, LLC et al., ordering the sale of that property. NOTE: Full terms on the following page.

Walt Robertson, Auctioneer www.kyhorsefarms.com (859) 277-6188 (859) 255-3657

Majestically situated in the heart of Woodford County at the corner of Old Frankfort and Pisgah Pikes, Hopewell is in the immediate area of WinStar and Three Chimneys farms. Hopewell’s exceptionally fertile 584 +/- acres is ensconced in history dating back to when the nomadic Hopewell tribe traversed the property. Majestic trees, stone entrances and walls, the Elkhorn Creek, plus mature landscaping add to the aesthetic natural beauty of this exceptionally- desirable farm.

Hopewell was converted from a general farm to a premier thoroughbred operation in 1997. The historic “Faywood Mansion”, a 6,500 + square foot mansion, now houses the farm’s office, but this mansion that was once home to a former Kentucky Governor and would make a lovely main residence. Four barns were converted to horse barns, and six new horse barns were constructed (one a stallion barn with breeding shed) for a total of 183 stalls. Most feature tongue and groove interiors and Lucas Equine stall doors.

Utilities were buried, four plank fencing utilized, the 18th century stone wall was restored, and three new entrances artistically echoing the limestone walls were added. Four employee houses, an inviting guest house, a shop, and equipment sheds complete this magnificent horse farm that has all the components to give a new owner the foundation to make their mark in the Bluegrass.

THE PROPERTY WILL BE SOLD IN THREE TRACTS AS FOLLOWS:

 TRACT 1—Consisting of 174.065 +/- acres with frontage on Pisgah Pike and Sugar Hill roads. Improvements include two 24 stall horse barns, a mobile home, 10 horse walker, and a metal equipment building. This tract joins WinStar’s training and rehab facility.

 TRACT 2—Consisting of 367.16 +/- acres with frontage on Pisgah Pike and Old Frankfort Pike and three gated stone entrances. Improvements include seven horse barns with 111 stalls (one a stallion barn with breeding shed), the 6,500 +/- square foot “Faywood Mansion”, three employee houses, guest house, horse walker, round pen, shop, and hay barn.

 TRACT 3—Consisting of 43.27 +/- acres with Old Frankfort Pike frontage and bordered by the Elkhorn Creek. Fully-fenced for horses with a very nice 24 stall horse barn. e t Pik kfor Fran Old

43 +/- Acres

Old Frankfort Pike

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367 +/- Acres

174 +/- Acres

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S TRACT 1 174.065 +/- acres with frontage on Pisgah Pike and Sugar Hill.

 24 Stall Yearling Barn: Tongue and groove interior, loft over 13.5’ aisle, feed room, office with half bath, stall interiors measure 11.5’ x 11.75’, wash stall is included in stall count, double rear Lucas Equine doors, metal roof. Adjacent walking ring with rubber pavers, 10 horse Kraft walker, round pen.

 24 Stall Yearling Barn: Tongue and groove interior, loft over 13.5’ aisle, feed room, office with half bath, stall interiors measure 11.5’ x 11.75’, wash stall is included in stall count, double rear Lucas Equine doors, metal roof. Adjacent walking ring with rubber pavers.

 Mobile Home

 Metal Equipment Building

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P isg ah P ik e TRACT 2 367.16 +/- acres with frontage on Pisgah Pike and Old Frankfort Pike and three gated entrances.

 9 Stall Stallion Barn: Tongue and groove interior, loft over aisle, double rear Lucas Equine doors, 14’ aisle, lab/viewing room with half bath, 41.5’ x 49’ rubber based breeding area, two mare holding stalls, mare prep area, metal roof, and large unloading area.

NOTE: Access is afforded via a stone entrance with electric automatic gates and a very mature tree-lined drive. Adjacent to the stallion barn is a 4 horse Claydon walker and covered round pen.

 24 Stall Yearling Barn: Tongue and groove interior, loft over 13.5’ aisle, feed room, office with half bath, stall interiors measure 11.5’ x 11.75’, wash stall is included in stall count, double rear Lucas Equine doors, metal roof.

 20 Stall Barn: Stalls measure 12’ x 14’, tongue and groove interior, double rear Lucas Equine doors, loft over one side of stalls, 14’ aisle, attached concrete block heated office/tack room with half bath.

 15 Stall Barn: Stalls measure 12’ x 12’, 16.5’ aisle, tack room with half bath, and loft over one side of stalls.

 17 Stall Barn/Maiden Mare Barn: Tack room with half bath, feed room, two lighted turn-out paddocks.

 15 Stall Barn: Stalls measure 12’ x 13’, 14’ aisle, tongue and groove interior, loft over aisle, tack with half bath.

 9 Stall Converted Dairy Barn: Double rear windows, loft over stalls and aisle; heated tack room.

 Open Equipment Shed

The former “Faywood Mansion” consists of approximately 6,500 square feet. This former home of former Governor of Kentucky Louie B. Nunn currently serves as the farm’s elaborate office.

MAIN RESIDENCE

First Floor:

 Executive office with built-in bookcases, full bath, and exterior entrance.  Twin parlors on either side of the large en- trance hall—each with built-in bookcases, fireplace, and crown moulding.  Five additional offices.  His and her baths.  Enclosed porch/gallery.

Second Floor:

 Eight offices (two with fireplaces).  Large conference room with corner cabinets  Galley-style kitchen.  Upper level deck.

GUEST HOUSE

Great room with vaulted ceiling, hardwood floor, dining and living areas, and kitchen. Two bedrooms and one full bath plus a large deck.

MANAGER’S HOUSE

One and a half story home overlooking large spring-fed lake.

TWO MOBILE HOMES

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TRACT 3 43.27 +/- acres with Old Frankfort Pike frontage and bordered by the Elkhorn Creek

 24 Stall Yearling Barn: Tongue and groove interior, loft over 13.5’ aisle, feed room, office with half bath, stall interiors measure 11.5’ x 11.75’, wash stall is included in stall count, double rear Lucas Equine doors, metal roof. Old Frankfor t Pike

Old Frankfor t Pike

A Brief History

While Hopewell Farm may be a relative newcomer to the bluegrass, the nomadic Hopewell tribe traversed the property in prehistoric time. From 1,000 B.C. until 500 A.D., the Hopewells interacted with other traders in a complex network, which brought them from southern Ohio into central Kentucky.

For several centuries, horses and Native Americans influenced the development of the rich, limestone region along Elkhorn Creek and its various tributaries. In pre-Revolutionary times, the Cherokees, Choctaw, Creek, Iroquois, Shamneed, Illinois, Wyandottes and Dela- ware nations often stopped by the banks of the Elkhorn, in the shadow of what is now the picturesque Old Frankfort Pike.

Aside from the usual discovery of arrowheads on the property, Hopewell Farm is also for- tunate to have a significant burial mound within its boundaries. According to an investiga- tion by the Kentucky Archaeological Survey, the Bulloch Mound, and impressive grave site containing copper and pottery, attests to the land’s scientific and historical significance. After a good rain, the ground still surrenders arrowheads and other artifacts from the days when Native Americans hunted and fished on the rich and fertile land.

The land along the Pisgah Pike wasn’t settled by European Americans until after the Amer- ican Revolution when the Williams family began farming the land. The patriarch, Daniel Williams, had a son whom he named Daniel Jackson Williams. The young man was a farmer, teacher and land surveyor who married Sally Hicks. One of their sons, Daniel Jackson Williams, Jr. made the most significant impact on Woodford County. He graduat- ed from Georgetown College at 16 and then entered Transylvania University where he studied law and medicine. During his ownership, the younger Williams expanded the farm to 2,000 acres. After a distinguished teaching and farming career he died in 1881. The Williams family is buried in the family cemetery that Hopewell Farm continues to maintain and make accessible to the William’s surviving relatives. After briefly owning the farm from 1888 until 1899, the Wooldridge family sold it to W.T. Wiglesworth, who called the farm Faywood, a contraction of Fayette and Woodford Counties, a name it held for nearly 100 years.

During the Wiglesworth years, the first racehorses were introduced to the property. But these were Standardbreds. This was also a time when mules were used for most of the chores and cattle, sheep and hogs supplied the bulk of the income. They also grew fruits, vegetables and hay. From its earliest days in the nineteenth century until 1915, the farm grew a substantial hemp crop. Upon the death of W.T.’s son, James Monete Wiglesworth in 1930, the farm declined due to a lack of interest from other family members.

In 1934, it was sold to the renowned opera star George L. Bagby. Under Bagby’s leader- ship, the mansion was expanded to include a magnificent ballroom with ornate mouldings and other lavish accoutrements. He also built the beautiful spring-fed lake that still sup- plies water to the farm. But Bagby, because of his touring commitments to major opera houses in New York, Europe and other venues, only spent about three months a year at Faywood. Bagby added the two forbidding granite eagles that guard the family plot.

In 1969, after Mr. Bagby’s death, the farm was sold to Carl T. Fisher. By this time the orig- inal farm had been whittled down to 410 acres. On August 29, 1997, Mr. and Mrs. Trontz began the transition from Faywood to Hopewell, from farming to Thoroughbreds. Three of the tobacco barns and the mule barn were converted to Thoroughbred facilities and four additional barns were constructed. Phil Gerrow was hired to reconstruct the mansion. The utilities were buried, roads were paved and paddocks and fields were partitioned with su- perior four-plank fencing. The 18th century stone wall along Old Frankfort Pike, which was originally constructed by Irish immigrants and had fallen into disrepair, was recon- structed. Three new entrances, artistically echoing the limestone walls, were added.

In March 2000, Mr. Trontz acquired 177 contiguous acres on which he built two additional barns along with roads and fencing.

48 hours prior to sale). NO EXCEPTIONS!

Hopewell Farm, Old Frankfort & Pisgah Pikes, Versailles, KY.

SWINEBROAD-DENTON, INC. JUSTICE REAL ESTATE, INC. 1076 Wellington Way 518 East Main Street Lexington, Kentucky 40513 Lexington, Kentucky 40508 Phone: 859-277-6188 Phone: 859-255-3657 Fax: 859-277-6189 Fax: 859-233-3800