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SOLD

LAND AUCTION, 1,195+/- acres offered in 8 tracts in Carroll, Lafayette & Ray Counties

Caroll, Lafayette & Ray Counties, Missouri

Owner: Terry Nusser & Evelyn Nusser Thu, Apr 23, 2015

SOLD FOR $3,825,000

• LAND AUCTION @ 10AM • 1,195+/- acres offered in 8 tracts • Productive Soils • Available to Farm Spring 2015 • EQUIPMENT AUCTION @ 3PM • Tractors, Dozer, Excavator, Pan, Skidloader, Tillage & Planting • Sprayer, Fertilizer, Combine, Harvest & Miscellaneous Equipment • Live Internet Bidding for the Equipment Auction • Online Bidding Available


OPEN HOUSE/INSPECTION DATES

Thursday, April 9 from 9-11AM
Wednesday, April 22 from 3-5PM

Meet a Schrader Representative at the home on Tract 8.

PROPERTY LOCATION

Camden, Hardin and Norborne, Missouri
Tract 1:
From the intersection of MO-10 & Hwy-T, on the south side of Richmond, travel south on Hwy-T 5.5 miles to the property on the left side of the road (near Camden, MO).
Tracts 2-5: From the intersection of MO-13 & Hwy-J, 2 miles east of Henrietta, travel east and north on Hwy-J 5 miles toward Hardin to Buffalo Rd. Turn left on Buffalo and travel 1.4 miles to 92nd St. Take a right on 92nd and travel 0.5 miles to the property.
Tracts 6+7: From the intersection of MO-10 & Hwy-J, on the north side of Hardin, travel east on MO-10 3.8 miles to Hisinger Lake Rd. Turn left on Hisinger and travel north 2 miles to the property.
Tract 8: From the intersection of MO-10 and Hwy-J, on the north side of Hardin, travel west on MO-10 0.6 miles to the property.

AUCTION LOCATION

LAND AUCTION: Moose Lodge 1161, 2510 Main Street, Lexington, MO 64067 - located in Lexington on MO-224/Main Street, just west of the intersection of MO-224 and MO-13
EQUIPMENT AUCTION: 56327 MO-10, Hardin, MO 64035 (Tract 8) - Located just west of Hardin on south side of the road. Watch for signs.

TRACT DESCRIPTIONS

Tract 1: 230.8± ac with approximately 208 acres tillable with predominately Leta Silty Clay soils with good road access.

Tract 2: 161.3± ac with approximately 122 acres tillable with predominately Booker Silty Clay soils with good road front access.

Tract 3: 84.7± ac with approximately 76 acres tillable with predominately Booker Silty Clay soils.

Tract 4: 167.6± ac with approximately 127 acres tillable with predominately Booker Silty Clay soils and Waldron Silty Clay soils.

Tract 5: 39.5± ac with approximately 24 acres tillable with predominately Booker Silty Clay soils and Waldron Silty Clay soils.

Tract 6: 405.3± ac with approximately 385 acres tillable with predominately Aholt Clay soils with 24 ft. lift station.

Tract 7: 147.9± ac with approximately 138 acres tillable with predominately Aholt Clay soils.

Tract 8: 1.5± ac with 1000 square foot, 2 bedroom, 1 bath home and a 140 ft. x 80 ft. pole barn with a 50 ft. x 60 ft. insulated shop.


INTERACTIVE MAP

TRACT MAP(S)

Tract 1

Tracts 2, 3, 4, 5 & 8

Tracts 6&7

Home on Tract 8

Tract 8

SOIL INFORMATION


Tract 1


Tracts 2, 3, 4, 5 & 8


Tracts 6&7

AREA MAP(S)

PROCEDURE: The Properties will be offered in 8 individual tracts, any combination of tracts and as a total 1,195+/- acres. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete.

DOWN PAYMENT: 10% down payment on the day of auction for individual tracts or combinations of tracts. The down payment may be made in the form of cashiers check, personal check, or corporate check. Immediate possession for agriculture purposes will be available for an additional 10% down payment. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.

ACCEPTANCE OF BID PRICES: All final bid prices are subject to the Sellers acceptance or rejection. All successful bidders will be required to sign Purchase Agreements at the auction site immediately following the close of the auction.

DEED: Seller shall provide a deed sufficient to convey insurance title to the real estate. Real estate is sold subject to all rights of way, legal highways, leases, easements of public record, and all other matters of public record.

EVIDENCE OF TITLE: Seller will provide a preliminary title insurance commitment to review prior to auction. Seller agrees to furnish Buyer(s) at Sellers expense an updated Owners Policy of Title Insurance prior to closing.

CLOSING: The balance of the purchase price is due at closing, which will take place 30 days after the auction, or as soon thereafter as applicable closing documents are prepared by the Seller. Costs for an administered closing shall be shared 50:50 between Buyer(s) and Seller. All lender costs relative to the Buyer securing a mortgage shall be paid by the Buyer(s).

POSSESSION: Possession is at closing. Immediate possession is available, if Buyer so elects, for limited farming activities prior to closing, including spring planting. If Buyer elects to take possession prior to closing, Buyer will assume all responsibility and risks in connection with such activities. If Buyer elects to take possession prior to closing, Buyer must sign an addendum for pre-closing possession at the time of signing the purchase contract, which will require general liability insurance coverage in the amount of at least $1,000,000 combined single limit.

REAL ESTATE TAXES: Buyer shall assume 2015 calendar year taxes due in 2016.

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

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 or where Seller otherwise determines a survey is appropriate. 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. Combination purchases will receive a perimeter survey only. Final sales price shall be adjusted to reflect any difference between advertised and surveyed acres.

PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Bidders safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.

EASEMENTS: Subject to any and all existing easements.

AGENCY: Schrader Real Estate & Auction Company, Inc. and its representatives are exclusive agents of the Seller.

STOCK PHOTOGRAPHY: Some crop photos are for illustrative purposes only and were not taken on 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. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

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