ONLINE AUCTION: Lewis County MO 70+- Acres / Cropland Tillable Farm Income / MO85A

ONLINE AUCTION: Lewis County MO 70+- Acres - 1 Tract

Bidding Starts Tuesday, July 19, 2022 at 8:00 a.m. CST

Bidding Closes Thursday, September 8, 2022 at 8:00 p.m. CST

Property Inspection: By Appointment Only - Contact Auctioneer Wayne Keller at 800-357-4020 or wkeller@buyafarm.com

Property Address: Olive Avenue, North of Maywood MO 63454

DESCRIPTION

69.96 surveyed acres, 59.63 of productive cropland 1 mile North of Maywood MO. The NCCPI overall rating is 65, good quality soils. Presently the farm has a cash farm lease of $225 per crop acre for 2022 but will be available to farm for the 2023 crop year. Some wooded along Middle Fabius River, running across the SE corner of the property provides cover for whitetail and a hunting lease provides more income. Hunting rights presently lease for $1500 per year. There is a roadway easement for the road along the North line. Copies of the survey and easement are available below in “usefull documents”.

• Location:  The property lays 19 minutes West of Quincy IL and 1 mile due North of Maywood MO.
• Taxes: $193.04 (2021)
• Short Legal: Part of the South 1/2 of Section 30 of Township 60 North - Range 6 West, Lewis County MO
• Parcel #: 06-60-00363.01

TERMS

NO BUYER'S PREMIUM.

SALE IS SUBJECT TO THE CONFIRMATION OF THE SELLERS.

NO CONTINGENCIES: This Real Estate contract is not contingent on or subject to Buyer’s financing, appraisal, survey or inspections of any kind or any other contingencies as agreed to by bidders at registration prior to bidding. Have your financing verified before you bid.

PROCEDURE: Bidding Per Acre - $25 per acre minimum bid increments.

ZONING AND EASEMENTS: Property is being sold subject to any and all easements of record. Property is subject to all state and local zoning ordinances.

REAL ESTATE TAXES: Pro-rated to day of closing.

SURVEY: No survey provided.

MINERAL: Any mineral owned will transfer, if any.

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.

TITLE: Sellers shall furnish the Buyer(s) at Seller's expense marketable title in the form of Title Commitment, and a proper deed conveying merchantable title to the real estate to the buyer(s).  Buyer will pay the Title Insurance Policy, deed recording and fees associated with mortgage/financing. Title companies closing fee will be split equally by Buyer & Seller.

CLOSING: Closing shall occur within 45 days or as soon thereafter as applicable closing documents are completed. Seller shall pay for recording release from any mortgage. Buyer shall pay for recording the deed of conveyance from Seller and any mortgage title insurance charges. Any closing costs not herein provided for shall be borne by Buyer. Seller shall cause the Closing Statement to be delivered to Buyer at or before the closing.

POSSESSION: Possession subject to tenants rights for 2022 crop year.

AGENCY: Buy A Farm Land & Auction Co LLC. is the Agent and Representative of the Seller.

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. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the Seller(s) or Buy A Farm Land & Auction Co LLC pertaining to this property. Real estate is being sold "As Is, Where Is".

AUCTIONEER: Wayne Keller, Auctioneer, Phone: 800-357-4020 or 618-407-1679. MO Broker Lic #19999074906.