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Audrain County, Missouri TERMS & CONDITIONS OF AUCTION 1. Tracts will sell individually and remain sold to the highest bidder (subject to seller confirmation). All acreages are approximate and, if tracts are sold to separate Buyers, Seller will provide legal description by virtue of a survey of the line between the two tracts. 2. Buyers and Sellers will enter into a standard format Contract for the Sales of Real Estate for each parcel bought and sold 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 5th day of November, 2007. Contracts will contain no financing or inspection contingencies and Buyers must have their financing arranged prior to bidding at the auction. Earnest money payments will be made payable to Audrain Abstract. 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) and taxes for 2007 will be pro-rated to the date of closing with all prior years taxes paid by Seller. Customary closing fees will apply to both Seller’s and Buyer’s transactions. Possession will be given to all Buyers at closing. 3. Seller’s are motivated and fully intend to sell these properties at this auction. However, seller does reserve the right to accept or reject the final bid on any tract. 4. All properties and improvements 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 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. 5. Announcements made day of sale take precedence over printed matter. Real Estate Located in the SE 1/4 of Section 36, Township 52N, Range 8W in Audrain county. Directions to the Property From Mexico, MO, take Hwy J 3 miles North to Route KK turning East for 4.8 miles to Audrain Country Road 451. Turn North for .4/10 of mile to farm. From Mexico, MO, take Hwy 54 East for 5 miles to Route B. Turn North on Route B 3.8 mile to KK. West on KK .9/10 of mile to Audrain County Road 451. Turn North for .4/10 of mile to Auction Site Elbert T. and Blanche O. Smith Trust, Seller Licensed Auctioneers—Henke Auction Service Richard Henke 573/473-5515
Auction conducted by: Richard Henke, AUCTIONEER and UNITED COUNTRY MISSOURI LAND & HOME 701 VANDIVER DRIVE COLUMBIA, MISSOURI 65202 Toll Free - 800-895-4430 |
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