MONDAY, JUNE 13, 2016 AT 1:00 P.M.
Sale to be held at the 4H Building Center, 423 E. Locust, Paris, MO
SOLD! TRACT 1 – $5,000.00 PER ACRE
SOLD! TRACT 2 – $5,000.00 PER ACRE
TOTAL – $605,000.00
LOCATION AND GENERAL INFORMATION
Land is located along State Hwy. M approximately 7 miles southwest of Paris, MO in Section 19, T53N•R10W, Jackson Township. From Paris, MO take State Hwy. 15 south approximately 7 miles to State Hwy. M, then west 3 miles to farm. Land represents highly productive tillable cropland and offers excellent building sites with State Hwy. M frontage along the entire north side. Farm is improved with a 20,000 bu. GSI grain bin as well as an older multi-use building.
TRACT 1 – 59 ACRES± (Subject to Survey)
• FSA figures should indicate approximately 51.22 acres of tillable cropland.
• Predominant Soil types: Mexico, Leonard & Putnam.
• Land represents highly productive tillable cropland & is improved with a 20,000 bu. GSI grain bin. which includes drying floor, fan and stir-ator.
• Access from the entire north by State Hwy. M and by the entire west by County Road 835.
TRACT 2 – 61 ACRES± (Subject to Survey)
• FSA figures should indicate approximately 54.37 acres of cropland.
• Predominant Soil types: Mexico, Putnam & Leonard.
• Land represents highly productive tillable cropland and is improved with an older multi-use shed.
• Access from the entire north by State Hwy. M.
METHOD AND TERMS
Acreages in this advertisement are estimated. A survey will be completed prior to the sale on both Tracts 1 & 2. Tracts 1 & 2 will be sold on a price per acre basis based on acreages obtained from completed survey. Tracts 1 & 2 will be offered through the marketing method of “Buyer’s Choice” whereas the high bidder can purchase either or both Tracts 1 & 2 for their high bid. The farm will not be offered in its entirety at the conclusion of the auction. Bidding is NOT contingent upon financing. At the auction immediately following the bidding, the winning bidder(s) will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment, payable to Monroe County Abstract & Title, which shall hold the money in escrow until closing. The balance of the purchase price will be due at closing which will take place at Monroe County Abstract & Title on or before July 13, 2016. Possession will be given at time of closing subject to tenant completing harvest of the wheat crop now growing on this farm. The 2016 real estate taxes will be prorated to the date of closing based on the most recent available tax information. Title Insurance in the full amount of the purchase price will be provided. 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 made by seller or Sullivan Auctioneers, LLC pertaining to this property. Real estate is being sold “AS IS”.
Farm known locally as the Temple Stephens Farm
Jeanne Stephens Enterprises, Inc.
Title Work By:
Monroe County Abstract & Title
229 N. Main Street
Paris, MO 65275
Phillip C. Brown
211 North Williams
Moberly, MO 65270