OUTSTANDING ROW CROP LAND AUCTION
Unionville, Putnam County, Missouri
Seymour, Appanoose County, Iowa area
December 20, 2007 – 10AM


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Located in Section 27 & 28, Township 67N, Range 19W in Putnam County, Missouri.

The land comprising this auction has not been available to the market for many years.   The fertility on the row crop land is excellent and no logging activity has taken place in the wooded areas for many years.  If your desire is to own excellent row crop land with hunting attributes, this land auction is for you.

DESCRIPTION OF THE PROPERTY

Selling at Public Auction this outstanding upland tract located on the Missouri side of the state line road just to the Northwest of Unionville, Putnam County, Missouri.  This 254 acres, m/l, has 223 FSA tillable acres with soils mainly in the highly productive Edina, Seymour and Clarinda series.  This land has been in the Conservation Reserve Program for the past 20 years.  It is of excellent fertility, has been cleaned of virtually all non-herbaceous growth (cedars, sprouts, etc.) and is ready for row crop production.  The farm also has potential for organic farming.

The farm lies just to the North of Unionville, Missouri and just to the South of Seymour and Centerville, Iowa.

TERMS & CONDITIONS OF AUCTION

1. Buyers and Sellers will enter into a standard format Contract for the Sale of Real Estate on the day of auction.  Contract will call for a 10% down payment in the form of a personal or company check with the balance of the purchase price due, in certified funds, on or before the 18th day of January, 2008.  (However, seller is prepared to close on or before December 31, 2007.)Contracts will contain no financing or inspection contingencies and Buyers must have their financing arranged prior to bidding at the auction.  Earnest money payment will be made payable to Putnam County Abstract & Title Escrow, Unionville, Missouri.  Sellers will furnish title insurance in the amount of the selling price and deliver title by Warranty Deed.  Buyers will be responsible for their own mortgage policies of title insurance (if applicable).  Customary closing fees will apply to both Seller’s and Buyer’s transactions.  Possession will be given to all Buyers at closing.

2. Sellers will retain all CRP payments made in 2007.  Sellers to pay real estate taxes for 2007 and prior years for all tracts.  Buyer will pay real estate taxes for all 2008.

3. Property sold “AS IS  -  WHERE IS” and Buyers should take the time to examine the property thoroughly and rely on their own judgment.  Auctioneers, United Country Missouri Land and Home, Peoples Company or its agents are not responsible for any representations made by Sellers and are not responsible for accidents on the sale property should any occur.  All acreage is approximate.

4. Announcements made day of sale take precedence over printed matter.

DIRECTIONS TO PROPERTY

From Highway 5, take Missouri blacktop “UU” to the Northwest to the Missouri-Iowa state line road (100th Street).  Go left on 100th Street (state line road) approximately one-half mile to auction site.  The farm also fronts blacktop road “UU”.

Auction Conducted by:
Auction Conducted by
United Country Missouri Land & Home
Columbia - Milan - Macon, Missouri
Bill Fretwell, Broker/Associate - 660-341-7735
Walter S. Iman, Auctioneer - 660-281-0559
Tamara Rufener, Auction Assistant - 660-676-6676
Toll Free 1-800-895-4430
www.molandauctions.com
info@missourilandandhome.com