Prospectus for 1-10-2015 Simpson Real Estate Auction, Warrenton, MO

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SELLER: Dan R. Simpson SATURDAY, Jan. 10, 2015, at 10 A.M. LOCATION: 23863 Highway A, Warrenton, MO 63383 (From Warrenton, MO take I-70 west 5 miles to the Truxton/Pendleton AB exit, exit, turn right on to Hwy. A and continue north 5.5 miles to drive on left). A beautiful 116 acre Warren County combination farm to be offered in 4 tracts ranging from 16 to 63 acres, all located in Township 48 N. Range 3 W. Sections 22 and 23, at 23863 Hwy. A, Warrenton, MO 63383. The farm lies in northwest Warren County, just off Hwy. A, it is accessed by a 33’ owned driveway, that will belong to the owner of Tract 4, with the owners of Tracts 1, 2, and 3 and the next door neighbor having a ingress and egress easement, with a road maintenance agreement to help with shared up keep.

description

Warren County Real Estate & Personal Property Auction. Beautiful 116-Acre Warren County Combination Farm to be offered in 4 Tracts ranging in size from 16 to 63 Acres. Row Crop Production, Lake, Managed Hunting Area, Updated 3BR 2½BA Ranch-Style Brick Home, Barn & other Buildings.

Transcript of Prospectus for 1-10-2015 Simpson Real Estate Auction, Warrenton, MO

Page 1: Prospectus for 1-10-2015 Simpson Real Estate Auction, Warrenton, MO

SELLER: Dan R. Simpson

SATURDAY, Jan. 10, 2015, at 10 A.M.

LOCATION: 23863 Highway A, Warrenton, MO 63383 (From Warrenton, MO take I-70 west 5 miles to the Truxton/Pendleton AB exit, exit, turn right on to Hwy. A and continue north 5.5 miles to drive on left).

A beautiful 116 acre

Warren County combination

farm to be offered in 4 tracts

ranging from 16 to 63 acres,

all located in Township 48 N.

Range 3 W. Sections 22 and

23, at 23863 Hwy. A,

Warrenton, MO 63383.

The farm lies in northwest

Warren County, just off

Hwy. A, it is accessed by a

33’ owned driveway, that will

belong to the owner of Tract

4, with the owners of Tracts 1,

2, and 3 and the next door

neighbor having a ingress

and egress easement, with a

road maintenance

agreement to help with

shared up keep.

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Page 3: Prospectus for 1-10-2015 Simpson Real Estate Auction, Warrenton, MO

WARREN COUNTY REAL ESTATE & PERSONAL PROPERTY AUCTION

SATURDAY, JAN. 10, 2015 STARTING AT 10 A.M.

We will start at 10:00 AM with the misc. farm and tack supplies, then sell the real estate at 12 noon on location, then sell the tractor, pick-up, trailers, and equipment.

LOCATION: 23863 Highway A, Warrenton, MO 63383 (From Warrenton, MO take I-70 west 5 miles to the

Truxton/Pendleton AB exit, exit, turn right on to Hwy. A and continue north 5.5 miles to drive on left).

PRE- AUCTION REAL ESTATE SHOWING: SUNDAY - DECEMBER 21, 2014 FROM 2 – 4 PM A Wheeler Auctions representative will be available at the house to show the property,

answer your questions about the farm and the auction process.

REAL ESTATE A beautiful 116 acre Warren County combination farm to be offered in 4 tracts ranging from 16 to 63 acres, all located in Town-

ship 48 N. Range 3 W. Sections 22 and 23, at 23863 Hwy. A, Warrenton, MO 63383.

The farm lies in northwest Warren County, just off Hwy. A, it is accessed by a 33’ owned driveway, that will belong to the owner

of Tract 4, with the owners of Tracts 1, 2, and 3 and the next door neighbor having a ingress and egress easement, with a road

maintenance agreement to help with shared up keep.

Tract 1 consist of 16 acres, that are virtually all tillable, it is currently in row crop production, fenced, and is accessed on the east

end and north side by the private driveway.

Tract 2 is 19 acres, and is basically all tillable with the exception of a small pond in the northeast corner, and a wooded fence

row along the north side. It is currently being farmed, is fenced, and accessed by the private driveway all along the south side.

Tract 3 is 63 acres, it lies at the back of the farm, and it has a beautiful stocked lake right up across from the house where it has

access to the private driveway. It is primarily covered with mature timber, with 13.62 acres along the south side that is open

and tillable and currently being used for crop production, there is also an open piece in the southeast corner of the this tract

that is in grass. Dan has managed this tract for hunting, it is easily accessed by the paths he has cut and maintained through it,

and has regularly yield great deer hunting results. It has a couple very nice stands of large mature pine trees on it that give it

additional character.

Tract 4 is 18 acres, that lies at the end of the private driveway, and is where the homestead is located, it has a large mature

yard, with lots of shade trees, deep well, and its very own lake in the back yard.

The house on this tract is a very attractive, 1632 sq.’ ranch style, 3 bedroom, 2 ½ bath, structure that was built in 1976. It is all

brick, with a shingle roof, full basement, and an attached 24’ X 24’ garage with electric door openers. It has a late model high

efficacy LPG forced air furnace and central a/c unit, and Anderson thermal pane windows. Dan has done lots of updates on

the house, such as new granite counter tops, carpet, doors, and crown molding, along with great routine maintenance pro-

gram. The sale of the house will include the late model refrigerator and washer and dryer.

There are also some other outstanding improvements on this tract, one is the 36’ X 72’ horse barn that is a pole frame structure,

with metal roof and siding, and for extra hay and machinery storage it has a 12’ lean-to down the entire length of both sides.

The interior is wired for lights and outlets, and is plumbed for water hydrants and automatic drinkers. The building has 9 large

individual stalls with dirt floors, a tack room, wash stall and feed room. The 11’ 8” center alley has a concrete floor, roll back

doors and there is a loft over the stalls for extra hay storage.

Also there is another very functional building on this tract, it is 18’6” X 36’ with 11’ X 11’ room addition on the back side, and a

12’ wrap around lean-to. It is wood frame, with metal roof and siding, wired with 110 and 220 V. electric, plumbed with a 1/2

bath, and the center portion is heated with a wood stove that stays with property. For easy access it has a walk-in door and a

8’ H X 10’ W overhead garage door.

Dan also has a 14’ X 24’ wood frame building, with metal roof and sides, that he used for a wood working shop, it is wired, has

a concrete floor, and for those big projects it has 7’ H X 8’ W roll up door on the end.

There is also an older hip roof barn on this tract that is used for free stalls and hay storage.

In addition there is also another small storage building 10’ X 16’ with double door opening, it is wired, and has a concrete floor.

Dan has reached the age where retirement is a frequent thought, and the desire to move to Texas is ever present in his mind. Therefore he has decided to sell his farm and the related equipment at public auction.

TERMS: 10% down day of auction, balance due at closing in 30 days or less, possession on Tracts 1, 2, 3 and the horse barn and corrals given at closing. Dan is going to retain possession on the house and shop building for an additional 30

days in order to get moved. Seller will pay all the 2014 taxes and the new buyer will be responsible for all the 2015 property taxes. Buyer will pay the title insurance premium.

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Auctioneers Note: This is an incredibly attractive farm with great Warren County location, an outstanding set of

quality, well maintained, improvements, cropland for farming or rental income, and some wonderful hunting, fish-

ing and other recreational opportunities. The individual tracts make some very nice standalone pieces, and when

combined with others they make larger parcels with endless potential. Please plan on attending the open house

or call for private showing, we are confident that once you see to the property you will love it.

Thanks, Chas and Charlie

TRACTOR

2003 JD 4710 ele/hydro tractor, MFWD, hydrostatic trans., dual hyds. fold-down roll bar, 17.5L x 24 tires, weights, 1,602 hrs. w/ JD 460 hyd. loader w/ 6’ material bucket

Big bale spear for JD 460 loader

Set pallet forks for JD 460 loader

FARM MACHINERY

Int. 370 – 10’ wheel disk w/ cylinder

JD 10’ mulcher w/ hyd. cylinder & outboard wheels

3 Pt. 2 x 14 plow

JD drawbar mtd. 7’ sickle bar mower w/ hyd. cyl.

Field General 6’ 3 pt. rotary cutter

Post hole digger, 3 pt. PTO w/ 12” & 9” augers

Worksaver hyd. 3 pt. post driver

3 Pt. carry-all w/ 5’ x 4’ pen

Bush Hog 7’ 3 pt/ swivel blade

King Kutter 6’ 3 pt. rock rake

Westendorf 8’ pull type box blade w/ hyd. tilt

3 Pt. 2 prong big bale mover

2 Section 10’ drag harrow w/ cart

Winpower rubber tired running gear w/ hyd. hoist, no bed

Rubber tired farm wagon, no bed

PICKUP

2001 Chevy 2500 HD LS Silverado pickup w/ Duramax diesel, 4WD, 6 spd. manual trans., power windows & door locks, reg. cab, long bed w/ mat & gooseneck hitch, cross-the-bed toolbox

TRAILERS

1992 Coose gooseneck stock trail-er, tandem axle, 7’ x 20’ cover neck

Gooseneck flat bed trailer, 15’ x 8’ floor, 4’ dove tail, 2’ fold-down ramps, tandem axle

2001Doolittle bumper hitch tan-dem axle cargo trailer, 12’ long, 6’ wide, 6.6” high, cargo doors

SHOP TOOLS

Honda gas powered portable 2600 psi pressure washer

Lincoln SP- 125 Plus wire feed weld-er

Lincoln AC 225C Arc welder, stick

Rigid 14” 110v chop saw

Acetylene torch set w/ cart & gauges

Craftsman 110v router & table

110v Double bit grinder

Craftsman floor model molding machine

Lot of farm hand tools, shovels, axes, etc.

Lot of electrical & plumbing materi-als

Laser Mark electronic level w/ tri-pod & remote sensor

Manual tire changer

2 – Wooden extension ladders

2 – Sets of ladder jacks – expanda-ble walk board

HORSE & LIVESTOCK EQUIPMENT

4 – Hi quality all leather 16” roping saddles

Wooden saddle stanches

Lot of horse tack includes bridles, halters, blankets, bits, chaps, cinch-

es, lead ropes, etc.

2 – Sunbeam 110v animal hair trim-mers w/ EW hair heads

Farmaster cattle catch chute w/ auto. head catch, drop side, rear gate, palpation cage

15 – Six bar 10’ interlocking corral panels w/ 10’, 8’ & 4’ walk-thru

3- Metal big round bale feeders for horses

Osborne pig self feeder

Metal gates & corral panels

3 – Rubbermaid water tanks

ATV - BOAT

2010 Polaris Ranger XP 800 EFI side-by-side ATV, hard top, windshield, 754.6 hrs., 4WD, extra set of tires & wheels

14’ x 4’ Aluminum jon boat w/ 2 pedestal seats & Minnkota 12v trolling motor & bumper hitch sin-gle axle trailer, rod holders

LAWN – GARDEN – GENERATOR – MISC.

Dixie Chopper XXG 2703 zero-turn mower w/ velvet touch steering, gas motor, 72” cut, 502.0 hrs.

Troy Bilt Tuffy rear tine garden tiller w/ 3 hp gas motor, 15 tine width

B & D gas powered generator, 110v

Master Manufacture ATV sprayer w/ 12v pump, 25 gal. poly tank

2 ½ Ton hyd. engine hoist, like new

10 – Metal wood crates fits forks on a loader, used to carry firewood from woods to stove

2 – 300 Gal. overhead fuel tanks

PERSONAL PROPERTY

For more information call Charlie Nordwald 636-795-4552.

Seller’s is going to retain possession of the house and one shop building 30 days after closing.

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Auction Terms and Conditions Procedure: Property shall be sold Subject to Confirmation of Bid by Seller.

Down Payment: Ten percent (10%) down payment the day of auction, upon signing a pur-

chase agreement immediately following the close of bidding. The down payment may

be paid in the form of personal check, business check, or cashiers check. The remainder

of the purchase price is payable at closing within 30 days. YOUR BIDDING IS NOT CONDI-

TIONAL UPON FINANCING, be sure you have arranged financing, if needed, and are ca-

pable of paying the balance at closing.

Title: Sellers shall provide and execute a proper deed conveying the real estate to the buyer

(s). Buyer will pay the title insurance premium.

Possession: 10% down day of auction, balance due at closing in 30 days or less, possession

on Tracts 1, 2, 3 and the horse barn and corrals given at closing. Dan is going to retain

possession on the house and shop building for an additional 30 days in order to get

moved.

Mineral Rights: The sale shall include 100% of the mineral rights owned by the sellers.

Easements: Sale of the property is subject to any and all easements of record.

Acreage: All acreage is approximate and has been estimated based on current legal

descriptions and / or aerial photos.

Taxes: Seller will pay all the 2014 taxes and the new buyer will be responsible for all the 2015

property taxes. Buyer will pay the title insurance premium.

Survey: Any need for a survey shall be determined solely by the sellers. At sellers’ option,

sellers shall provide a survey for any parcel where there is no existing legal description or

where the tract divisions create new boundaries. Closing prices shall be adjusted to re-

flect any difference between advertised and surveyed acres. Survey will be paid by sell-

er.

Closing: Anticipated closing date shall be on or before Tuesday, February 10, 2015 or on

date mutually agreed upon between the buyer(s) and the sellers conducted at the of-

fice of US Title, 302 East Boonslick , Warrenton, MO 63383, (636) 441-4065.

Agency: Wheeler Auctions & Real Estate and its representatives are Exclusive Agents for the

sellers.

Disclaimer: The property is being sold on an “as is, where is” basis, and no warranty or repre-

sentation, either express or implied, concerning the property is made by either the sellers

or the auction company. Each bidder is responsible for conducting its own independent

inspections, investigations, and all due diligence concerning the property and the auc-

tion. Information contained in this brochure is subject to verification by all parties relying

on it. Diagrams/dimensions in this brochure are approximate. Acreage is estimated. All

information contained in this brochure and any related materials are subject to the terms

and conditions of sale outlined in the purchase contract. Auction conduct and bidding

increments are at the sole direction and discretion of the auctioneer. All decisions of the

auctioneer are final. The sellers and the Auction Company reserve the right to preclude

anyone from bidding if there is a question as to the person’s credentials, fitness, intent,

etc.

New Data, Corrections and Changes: Please arrive prior to scheduled auction time to in-

spect any changes, corrections or additions to the property information. ALL ANNOUNCE-MENTS AND INFORMATION GIVEN FROM THE AUCTION PODIUM SHALL TAKE PRECEDENCE

OVER PREVIOUSLY PRINTED OR STATED ADVERTISEMENT.

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AGREEMENT TO PURCHASE REAL ESTATE

AT PUBLIC AUCTION

THIS AGREEMENT TO PURCHASE REAL ESTATE AT PUBLIC AUCTION (later called the

“Agreement”), made and entered into as of this 10th day of January, 2015 by and be-

tween Dan R. Simpson (collectively later called the “Seller”), and

__________________________________ (later called the “Purchaser”), as the highest bid-

der on the property (as defined in Paragraph 1) at the public auction on this date (the

“Auction”), is made subject to the following terms, covenants and conditions:

1. PROPERTY: Seller agrees to sell and Purchaser agrees to purchase tract(s)

___________ sold as a total amount and/or tract(s) ____________ sold on a per acre ba-

sis with approximately _____________ total acres of real estate situated in Monroe

County, Missouri. Purchaser hereby acknowledges and understands that the Property

is being sold on an “as is where is” basis. Purchaser further acknowledge that this

Agreement is not contingent upon financing and that failure to close this transaction

on or before Tuesday, February 10, 2015 due to any delay caused by Purchaser shall

constitute a forfeiture of the Earnest Money.

2. PURCHASE PRICE: Purchaser agrees to pay to the Seller the total sum of

___________________________________________________________ (the “purchase price”)

subject to acreage determination by survey. Purchase price is figured from

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

___________________________________________________________________________________

___________________________________________________________________________________

________________________________.

Upon execution of this agreement, the Purchaser will pay by check and not in cash

_________________________________________________________ (which amount is equal to

ten percent (10%) of the Purchase Price as Earnest Money made payable to and to

be held in the escrow account of US Title as escrow agent, there under for delivery to

the Seller at the time of closing or as otherwise provided for herein.

The balance of the Purchase Price shall be paid by Purchaser to the Seller at closing in

cash or form of payment acceptable to the Seller.

3. TITLE: Seller shall furnish Purchaser with an Owners Title Insurance Commitment (Title

Commitment), issued by US Title, Title insurance premium paid for by Buyer. The Title

Commitment shall commit the subject title company to issue Purchaser its standard

owner’s policy in the amount of the purchase price, showing title to the Property in the

name of the Seller.

In the event that the Seller is unable to convey the Property in accordance with the

terms of this agreement, Purchaser shall elect to either (a) take the Property encum-

bered with the objectionable exceptions to the title and waive any and all objections

thereto without abatement of the Purchase Price, or (b) receive a refund of the Ear-

nest Money, and upon such refund being made, this Agreement shall terminate and

be of no further force and effect.

4. SURVEY: If survey is necessary, survey shall be provided at 50/50 Buyer and Seller’s

expense a new survey reflecting the legal description, acreage and boundary lines

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for any Tract of the Property where there is no existing legal description or where new

boundaries are created by the divisions of Tracts at the Auction. Any need for a survey

shall be determined at the sole discretion of the Seller. If a new survey is determined to be

necessary by the Seller, the Purchase Price shall be adjusted to reflect any difference be-

tween the bid acreage and the surveyed acreage. Purchaser will then have a revised Pur-

chase Price calculated by Multiplying the surveyed acreage by the actual Purchase Price

per Acre indicated in Paragraph 2.

5. CLOSING AND POSSESSION: The “Closing” shall take place on or before Tuesday, Feb-

ruary 10, 2015, at the office of US Title and at a time designated by the Seller and agreed

upon by Purchaser. Concurrently with the Closing, Purchaser shall pay to the Seller the Pur-

chase Price, less the Earnest Money as provided for herein. Upon full receipt of the entire

Purchase Price by Seller, Seller shall deliver to Purchaser special warranty deeds from each

selling entity conveying title in the property to the Purchaser. Purchaser shall pay the

charge for recording the Deed. Seller and Purchaser agree to execute any real estate

transfer declarations required by the state, county or municipality in which the Property is

located. The Seller and Purchaser agree to provide and to execute such further docu-

ments as may be necessary or customary to close this Agreement (e.g., Seller Affidavit; FIT-

PTA Affidavit; Organizational documents and closing statement) and equally for closing

costs. Purchaser shall be entitled to possession of the property on the Closing date.

6. CASUALTY: Seller will keep the Property and Improvements insured until closing. If the im-

provements on the property are substantially damaged or destroyed by fire or other casu-

alty prior to closing, then Buyer will have the option of accepting all of the insurance pro-

ceeds and proceeding to close this Agreement, or terminating this Agreement. If this

Agreement is terminated due to this paragraph then the earnest money will be returned to

the Buyer.

7. WARRANTIES: Purchaser acknowledges that Purchaser has been given an opportunity

for a full inspection of the property and related information and further acknowledges with

respect to this agreement that Purchaser is satisfied in all respects with the condition of the

Property and all matters pertaining thereto. Purchaser accepts the Property “as is” and in

its present condition with Purchaser assuming risk thereof. Purchaser understands that Seller

makes no warranty or representation of any kind, either implied or expressed or arising by

particular purpose of the Property or any portion thereof, and in no event shall Seller be lia-

ble for consequential damages. Purchaser acknowledges that Seller has not agreed to

perform any work on or about the Property as a condition of Purchaser’s purchase of it.

8. MINERAL RIGHTS: One hundred percent (100%) of the mineral rights owned by Seller with

respect to the Property, if any, shall be conveyed to Purchaser at Closing.

9. REAL ESTATE TAXES AND ASSESSMENTS: Real Estate taxes for the calendar year 2014 shall

be paid by the seller. Purchaser shall assume and pay real estate taxes for the Property for

all periods thereafter.

10. DEFAULT: If Purchaser fails to perform any obligation imposed by this Agreement, Seller

may serve written notice of default upon Purchaser and if such default is not corrected

within ten (10) days thereafter, then, at the option of the Seller, this Agreement shall termi-

nate and the Seller shall be entitled to retain the Earnest Money paid hereunder as liquidat-

ed damages. The foregoing remedy in the event of default is not intended to be the ex-

clusive remedy of Seller, and Seller

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shall have the right to seek any other remedies available at law or equity, including but

not limited to specific performance. Default by Purchaser shall entitle Seller to court

costs and reasonable attorney’s fees incurred in enforcing the provision of this Agree-

ment.

In the event of failure of Seller to perform the obligations imposed by this Agreement, Pur-

chaser’s sole remedy hereunder is to terminate this Agreement and receive a refund of

the Earnest Money upon similar notice served upon Seller and similar expiration time peri-

od.

The Escrow Agent, upon receiving an affidavit from the non-defaulting party stating that

this Agreement has been terminated as provided herein, shall be entitled to rely upon

such affidavit and shall deliver the earnest money to the non-defaulting party.

11. ENVIRONMENTAL: The Purchaser acknowledges that the Seller has not made and

hereby disclaims any and all representations and warranties, either express or implied,

regarding the environmental condition of the Property. The Purchaser shall rely upon its

own independent investigation, inspection, inquiry, analysis, and due diligence to evac-

uate and ascertain the environmental condition of the Property. The Purchaser has

been advised that the Property is being sold “as is, where is” and that Seller is not repre-

senting or warranting that the condition of the Property is in accordance or compliance

with any past, present, or future federal, state or local environmental laws, regulations,

requirements, or standards.

As a matter of corporate policy, Seller makes it a practice to expressly advise any pur-

chaser that the improvements on the Property include materials, which may contain as-

bestos, and encourages Purchaser to investigate specifically whether asbestos contain-

ing materials exist on the Property.

12. PROVISIONS RELATING SPECIALLY TO SELLER/TRUST/ TRUSTEES/ EXECUTOR AND THEIR

RESPECTIVE SPECIAL CIRCUMSTANCES: Trustee/Executor Disclaimer. Each fiduciary com-

prising Seller executes this instrument only in its representative capacity and shall not be

bound or obligated hereunder except in such capacity. Purchaser acknowledges and

agrees that this Agreement is made by such fiduciaries solely in their fiduciary capacity

as described in the signatures affixed hereto, and that such fiduciaries shall not be liable

for any breach or any failure to perform any obligation under this Agreement except

from assets held in the fiduciary capacity described.

13. PROVISIONS RELATING TO THE AUCTION COMPANY/ AUCTIONEER/BROKERS/FINDERS/AGENTS:

(a) This Agreement is solely between Seller and Purchaser. Wheeler Auctions & Real Es-

tate, L.L.C. (the “Auction Company”) and its licensed auctioneers are employed by the

Seller. The Auction Company and its auctioneers shall not be liable for any patent or la-

tent defects or deficiencies existing in the Property, improvements or other appurtenant

structures thereon, nor for any information provided to the Purchaser. The Purchaser

acknowledges that it has conducted its own independent investigations, inspections, in-

quiries and due diligence concerning the Property.

(b) Commission. Notwithstanding any other provisions of this Agreement, the right to

commission, if any, payable to any agent representing either party to this Agreement

shall not vest until the transaction is closed, and shall be payable only out of proceeds of

closing and said agent shall have equal right to any portion of Earnest Money forfeitures.

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14. IRS 1031 TAX EXCHANGE DECLARATION (Optional):

It is agreed between the purchaser(s) and seller(s) that a material part of the consideration

to the Purchasers for purchasing is that the Purchaser has the option to qualify this transac-

tion as part of a tax-deferred exchange under Section 1031 of the Internal Revenue Code

of 1986 as amended. Sellers agree that Purchaser may assign this Agreement to an ex-

change intermediary of Purchasers choice. Purchaser agrees that any and all additional

expense, if any, shall be borne by Purchaser and Sellers agree to fully cooperate to com-

plete the exchange.

Seller hereunder desires to exchange, for other property of like kind and qualifying use with-

in the meaning of Section 1031 of the Internal Revenue Code of 1986, as amended and

the Regulations promulgated there under, fee title in the property which is the subject of

this Contract. Seller expressly reserves the right to assign its rights, but not its obligations,

hereunder to a Qualified Intermediary as provided in IRC Reg. 1.1031(k)-1(g)(4) on or be-

fore the closing date.

15. MISCELLANEOUS:

(a) Jurisdiction. This agreement shall be construed in accordance with the laws of the

State of Missouri. Any provision of this Agreement which is unenforceable or invalid, or the

inclusion of which would affect the validity, legality, or enforcement of this Agreement shall

be of no effect, but all the remaining provisions of the Agreement shall remain in full force

and effect.

(b) Entire Agreement. This Agreement contains the entire agreement of the parties and no

representations, warranties or agreements have been made by either of the parties except

as set forth in this Agreement.

(c) Heirs, Successors and Assigns. This Agreement shall ensure to the benefit of and shall be

binding upon the Seller and Purchaser and their respective heirs, successors, and permitted

assigns, provided, however, that Purchaser may not assign its rights or obligations hereun-

der without the prior written consent of the Seller.

(d) Time is Of the Essence. The time for performance of the obligations of this Agreement is

of the essence.

(e) Notice. All notices shall be in writing and shall be deemed to have been properly deliv-

ered as of the time of delivery if personally delivered or as of the time deposited in the mail

systems if sent by United States certified mail, return receipt requested, and postage pre-

paid.

16. FSA/NRCS: Seller is obligated to maintain (if any) the current FSA Program and Basis on

the above listed real estate. Buyer agrees to the division of FSA Program data as a percent

of cropland acres per tract. Buyer assumes the responsibility of any and all FSA or NRCS Pro-

grams currently in place. Buyer will be required to maintain and comply with FSA regula-

tions of the CRP contract.

17. Tenant Rights: Present tenant’s rights prevail if any.

18. SPECIAL AGREEMENTS (if any):

________________________________________________________________________________________

________________________________________________________________________________________

________________________________________________________________________________________

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IN WITNESS WHEREOF, the parties have executed this Agreement in three coun-

terparts, each of which shall be deemed an original instrument, as of the day, month

and year first above written.

SELLER: PURCHASER:

________________________ _______________________

________________________ _______________________

________________________ _______________________

________________________ _______________________

Address________________ Address________________

_______________________ _______________________

City, State, Zip __________ City, State, Zip __________

_______________________ _______________________

Phone _________________ Phone _________________

Email __________________ Email __________________

Date __________________ Date __________________

Lender Contact __________

_______________________

TITLE COMPANY INFORMATION:

Name __US Title ___________________________________________

Address _302 East Boonslick, Warrenton, MO 63383 _________________

Phone __(636) 441-4065_______________________________