ONLINE LAND AUCTION: Bates County MO 278.6+- Acres / 3 Tracts (MO77A)

ONLINE AUCTION: Bates County MO 278.6+- Acres - 3 Tracts

Online Bidding Closes on Tuesday, February 16, 2021 at 8:00 pm CST

Property Inspection: Sunday, January 31, from 10:00 am to 1:00 pm OR Call Salesperson Jay Tucker at 618-444-7710

Property Address: County Rd 13007, South of Hume MO

Notice: Bidding will be Fixed/Flat Bidding.  The bid you submit will be posted immediately. Not eBay Style/Max Bid.

DESCRIPTION

278.6+/- acres with 250.99 +/- acres tillable located on SW County Rd 13007, 2 miles South of Hume in Bates County Missouri.  Tillable acreage is good quality soils; predominately Kenoma and Hartwell Silt Loam.  Property will be sold in three tracts.  No buyer's premium.

Tract 1:  220 taxable acres.  194.41 tillable FSA acres. Soil types are predominately Kenoma and Hartwell Silt Loam. Property is located on the West side of SW County Rd 13007, Hume MO.  Lease is open for the 2021 crop season.

Tract 2:  58.6 taxable acres.  56.58 tillable FSA acres.  Soil types are predominately Kenoma and Hartwell Silt Loam.  Property is located on the East side of SW County Rd 13007 and on the West side of KCS railroad, Hume MO.  Property starts on the corner of SW County Rd 13007 and SW 10508.  Lease is open for the 2021 crop season.

Tract 3: 278.6 taxable acres.  250.99 tillable FSA acres.  Combination of tracts 1 and 2.

Short Legal: 

Tract 1:  Tax ID # 25-04.2-19-000-000-005-000; 2020 Taxes $672.37. Section 19, Township 38 N - Range 33 W.

Tract 2: Tax ID # 25-04.1-20-000-000-003-000; 2020 Taxes $182.40. Section 20, Township 38 N - Range 33W  

TERMS AND CONDITIONS

Notice: Bidding will be Fixed/Flat Bidding.  The bid you submit will be posted immediately. Not eBay Style/Max Bid.

YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.

NO BUYERS PREMIUM!

SALE IS SUBJECT TO THE CONFIRMATION OF THE SELLERS.

PROCEDURE: Property is offered as 2 separate tracts and as a whole. Note: If the bid for Tract 3 (the combination of the 2 tracts) is equal to or more than the combination of the 2 separate tracts, tract 3 will take precedence. Bidding is on a per acre basis with bid increments of $20 per acre.  The sale price for each tract will be multiplied by the taxable acreage.

TAXES: Prorated to day of closing. Tract 1 2020 Taxes were $672.37. Tract 2 2020 Taxes were $182.40.

SURVEY: Property will not be surveyed.

MINERAL: Any mineral interests owned by the seller, if any, will transfer.

CONTRACT AND DOWN PAYMENT: Contract for purchase to be signed within 24 hours of close of auction. A 10% down payment of the total contract purchase price will be due immediately after being declared the winning bidder. The down payment may be paid in the form of personal check, wire transfer, business check or cashier's check and received within 3 business days. Earnest check to be made to Buy A Farm Land & Auction Co. Trust Account. The balance of the contract purchase price is due at closing.

CLOSING: Closing shall occur within 45 days or as soon thereafter as applicable closing documents are completed. Seller shall cause the Closing Statement to be delivered to Buyer at or before the closing.

SELLER’S EXPENSES: Seller agrees to pay: All costs and expenses for releasing any existing loans and/or recording releases thereof; one-half of the closing fee charged by closing agent; the cost of the title search and owner’s title insurance policy premium; the cost for the preparation of deed and if applicable, any IRS Certification Exemption Form by credit against the purchase price the Sellers obligation for real estate taxes as pro-rated to day of closing, any transfer taxes; the cost of recording any mortgage, deed of trust or lien releases as to the Property.

BUYER’S EXPENSES: Buyer agrees to pay: all expenses incident to any Buyer loan (including but not limited to, points, loan commitment fees, loan closing fees, preparation of note, mortgage, and other loan documents, recording fees, pre-payable interest, credit reports);  one-half of the closing fee charged by closing agent;  the cost of any copies of documents pertaining to restriction, easements, or conditions affecting the Property;  the cost of recording the deed from Seller to Buyer.

POSSESSION: Possession will be given at closing.

The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed the owners or Buy A Farm Land & Auction Co. LLC. All lines drawn on maps, photographs, etc. are approximate. Marketing Information is from public and private sources.  All information is considered accurate, but not guaranteed and subject to buyer verification.  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, Where Is".

Any bid placed inside 10 minutes will extend the auction bidding another 10 minutes. This will continue until there are no more bids.  Sale is subject to the confirmation of the Sellers. Any announcements made prior to the close of bidding will take precedence over written material.

SELLER: Parker Family LLC

AUCTIONEER: Wayne Keller