115 Acres - 2 Tracts

LOCATION
The Timpe farm is located in Sections 4 & 9 of T64N-R11W, Sand Hill Township, Scotland County, MO. From Rutledge, MO, take Blacktop Route M west approximately 2 miles to the curve, then north 1 mile to Jct. M & W, then continue north approximately 31/2 miles. Or from the west edge of Memphis, MO, take Hwy. 15 south approximately 9 miles to Route W, then east approximately 41/2 miles to Route M, then north approximately 31/2 miles. (Watch closely for pre-sale directional signs.)

TRACT INFORMATION
Tract 1 - 100 Acres±
- FSA figures indicate 86.3 acres of tillable farmland of which 35.8 acres is enrolled in the CRP Program at a rate of $66.00 per acre through 2012 for an annual payment of $2,363.00.
- Soil types include Armstrong, Lamoni & Gara.
- The balance of the farm is in wooded draws and pasture.
- Access is along the entire west side by Hwy. M.

Tract 2 - 15 Acres±
- This tract is nearly 100% wooded and offers, without a doubt, some of the best whitetail deer and wild turkey hunting in Northeast Missouri!!!
- There is a creek which winds through the middle of this tract.
- Access is an issue, although in the past it has been by way of a trail from Route M in an easterly direction to the farm. Additional access information will be announced at the auction.

METHOD AND TERMS
Both tracts will sell on a price per acre basis, based on the above indicated acres. Ten (10%) percent of the bid price to be paid on the day of sale with the balance due at closing. Closing will be on or before September 24, 2010. The 2010 real estate taxes will be prorated to the date of closing. Title insurance in the full amount of the purchase price will be provided. Possession will be given at the time of closing, subject only to the current tenant in possession for the 2010 crop year.
All announcements made sale day take precedence over prior advertising either written or oral. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property. Real estate is being sold "AS IS".