For home lawns, Pennington Smart Seed Pro Tall Fescue and Kentucky Bluegrass would be applied at the rate of 8-10 lbs/1000 sq ft for both new seeding and/or overseeding. Please view the product brochure for more information.
The growth of Pennington Smart Seed Pro Tall Fescue and Kentucky Bluegrass around walnut hickory and black walnut trees would not be an issue and the seed should grow just fine as long as it has enough sun and water. All grass seeds are going to need at least minimum sunlight thresholds met in order to survive, even dense shade seeds. If the trees get enough sunlight or a few hours of sunlight, there should be no issue with this grass seed growing.
You can also reach out to Pennington for more detailed information, they can be reached at 1-800-277-1412.
Without knowing what specific weeds you are targeting, we would not be able to make a selective herbicide recommendation as these are selective to the weeds they control.
Please view our Kentucky Bluegrass Lawn Guide and Weed Guides for more information and product recommendations depending on your needs.