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SOLD

Cattle Farm Land Auction, 1,200 Acres in 16 Tracts, Hay & Pasture Land, Woods, Excellent Improvements

Mt. Vernon, Missouri, Lawrence Co. / 35 Miles West of Springfield

Owner: Jerry L. Bornemann Trust Thu, Jun 28, 2012

SOLD FOR $3,090,000

• 400 Cow Carrying Capacity • Year-round Hay Production Necessary to Maintain Carrying Capacity • Excellent Improvements with Paved Roads Through Property • Hay and Pasture Land • Excellent Habitat for Wildlife • Great Tracts for Hunting & Outdoor Recreation • Meandering Stream Accented with Large Hardwood Trees • Country Home and Outbuildings


OPEN HOUSE/INSPECTION DATES

Thursday, May 31, 3-6pm
Thursday, June 14, 3-6pm
Meet a Schrader Representative at Tract #9



PROPERTY LOCATION

7035 Lawrence 1142, Mt. Vernon, MO 65712.
Directions:
From I-44 at Exit 49 State Hwy. 174, take St. Hwy. 174 west .5 miles to St. Hwy. M. Turn right on St. Hwy. M and go 2.4 miles to Road 2090. Turn left on 2090 and go 1.9 miles to Road 1142. Turn right on 1142 and go 1.2 miles to the property (Tracts 7 & 10).

AUCTION LOCATION

The Marc (Mt Vernon Arts and Recreation Center)
822 W. Mt. Vernon Blvd., Mt. Vernon MO 65712.

From intersection of I-44 and Hwy 39 (Exit 46) take Hwy 39 north 1.4 miles to the auction site. Auction site is located on the left side of Hwy.

TRACT DESCRIPTIONS

Tract 1: 163± ac pasture land fenced and cross fenced with easy access from Co Rd 1142 on the south and west side of this tract. Adequate shade plus large pond and spring fed creek for good water supply.

Tract 2: 63± ac Swing Tract. Pasture land fenced and cross fenced with pond for water supply.

Tract 3: 79± ac Swing Tract. Pasture land fenced and cross fenced with large pond for water supply.

Tract 4: 56± ac Excellent hay and pasture land with 40ft x 50ft pole building open ended to the east with frontage on Co Rd 1152.

Tract 5: 43± ac Wooded pasture land with road frontage to Co Rd 1152 & Co Rd 1150. A quiet stream winds through the property creating excellent habitat for wildlife. This tract also includes an excellent source of water via a well which provides water to several tracts. Great hunting tract.

Tract 6: 130± ac Pasture land with excellent shade and a winding stream. This tract has excellent pasture land for cattle and beautiful views of the farm's offerings.

Tract 7: 112± ac Very productive hay and MAX-Q Fescue pasture land with road frontage on Co Rd. 2077 and Co Rd. 1142. This property is fenced with steel fence post and 4 strands of barb wire plus a large pond for water supply. Excellent tract of land.

Tract 8: 13± ac With 72ft. x 244ft. pole building used for hay storage plus livestock holding area. This is a great addition to any of the tracts on the property. This tract also features a well which supplies water to Tracts #1, #6, #8 and #9.

Tract 9: 103± ac Excellent improvements including a 48ft. x 82ft. 2011 Morton pole building open to the east with partial concrete floors, 42ft. x 60ft. 2007 Morton pole building with 16ft. x 24ft. overhead door, insulated, finished concrete floor, metal on side walls and ceiling, fluorescent lighting, water, and concrete apron in front of the overhead door. 36ft. x 116ft. Morton pole building with 36ft. x 45ft. insulated area featuring finished concrete floor, metal side wall and ceiling plus service and overhead doorway. 36ft. x 71ft. of this building is open to the south for equipment storage. 68ft. x 72ft. wood frame barn with cattle working facilities. Other features on this tract include a large spring pond with overflow concrete dam supplying water to a flowing creek accented with hardwood trees. The large pristine pond and creek provide excellent fishing, recreational and hunting opportunities plus an excellent source of water for the cattle. There are several wooded scenic potential building sites with panoramic views of the pond, meandering creek and pasture land. Easy access from Co Rd 1142. Don't miss this rare opportunity to purchase a beautiful tract of land with so many options.

Tract 10: 100± ac Quality hay and pasture land fenced and cross fenced. Excellent shade and water provided via large pond. Easy access from Co Rd 2077 and Co Rd 1142.

Tract 11: 110± ac Pasture and hay field with a spring fed creek running through the property bordered by hardwood trees providing excellent shade for cattle and wildlife.

Tract 12: 32± ac Pasture and woodland. This tract is approximately 50/50 divided between pasture and woodland. Road frontage on Co. Rd. 2077. Superior hunting tract providing excellent roosting area for turkeys and excellent habitat for deer. Hunters be sure to investigate the opportunities on this tract.

Tract 13: 77± ac Superior hay and pasture land fenced and cross fenced with excellent water supply. This tract features a well which provides water to two drinkers on the property. Superb tract of land.

Tract 14: 6± ac Country home and several out buildings. Home features hardwood floors throughout the home plus kitchen area (no cabinets), large dining and family room area, living room with fireplace, utility room, bathroom, 2 bedrooms with closets plus a stone patio area on west side of home. Outbuildings include 36ft. x 84ft. plus 21ft. lean to pole-type building, 44ft. x 60ft. pole building open to the south with limestone floor, and 22ft. x 52ft. building with metal siding.

Tract 15: 82± ac Quality hay and MAX-Q Fascue pasture land featuring shed with cattle working area (chutes, gates, and pens) plus well, water drinkers and excellent shade for cattle. Easy access with frontage on Co Rd 1152. Combine Tracts 15 & 16 for 114 acres of productive grass land with excellent water and cattle working facilities.

Tract 16: 31± ac Hay and pasture land with road frontage on Co Rd 2070 and Co Rd 1152. Level productive tract of land.


INTERACTIVE MAP

TRACT MAP(S)

PLAT MAP(S)

PROCEDURE: The Property will be offered in 16 individual tracts, any combination of tracts and as a total unit at the dates and times as noted in this brochure. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneers. Bids on tracts, tract combinations, and the total property may compete.

DOWN PAYMENT: 10% down payment on the day of auction with the balance in cash at closing. The down payment may be made in the form of cash, cashier’s check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING. POSSESSION: Possession of the land shall be at closing.

ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.

ACCEPTANCE OF BID PRICES: All successful Bidders will be required to enter into a Purchase Agreement at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.

CLOSING: Closing shall be within 15 days of completion of applicable closing documents.

BUYER’S PREMIUM: A 3% Buyers Premium will be added to the final bid price and included in the total purchase contract.

DEED: Seller shall provide a Trustees Deed. EVIDENCE OF TITLE: Seller agrees to make available to Bidders a Title Search for their review prior to auction. If the Buyer wishes to purchase Title Insurance, the cost will be at the Buyer's expense. Seller agrees to provide merchantable title to the property subject to matters of record, general conditions of title, and similar related matters. All tracts sold AS IS. REAL ESTATE TAXES: Real Estate taxes shall be prorated to the date of closing.

SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Any need for a new survey shall be determined solely by the Seller. Seller and successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Seller's option and sufficient for the issuance of an owners title insurance policy. Combination purchases will receive a perimeter survey only. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres on all tracts and tract combinations except Tracts 4, 8, 9, and 14 that contain homes and/or buildings.

MINERAL RIGHTS: Sale shall include 100% of the Mineral Rights owned by the Seller, if any.

AGENCY: Schrader Real Estate and Auction Company are the Auctioneers and exclusive agents of the Seller regarding the sale of the Property.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. The property is sold AS IS, WHERE IS. No warranty or representation, either express or implied, or arising by operation of law concerning the Property is made by the Seller or Auctioneers, and are hereby expressly disclaimed. In no event shall Seller or the Auctioneers be liable for any consequential damages. The information contained in this brochure is believed to be accurate but subject to verification by all parties relying on it. Seller and the Auctioneers assume no liability for its accuracy, errors or omissions. All sketches and dimensions in this brochure are approximate. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneers. Seller and the Auctioneers reserve the right to preclude any person from bidding if there is any question, in the sole judgment of Seller or the Auctioneers, as to such persons creditworthiness, ability or willingness to close on the purchase of the Property, credentials, fitness, etc. All decisions of the Auctioneers are final.

NEW DATA, CORRECTIONS AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections, or additions to the Property information.

Auction Brochure

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