McAfee Auction Service, LLC
KNOX COUNTY, MO
LAND AUCTION
96 +/- ACRES / 2 TRACTS
(Subject to Final Survey)

Thursday February 24th
1:00 p.m.
Sale conducted at the Queen of Peace Hall located at 103 W. Clow Ave., Ewing, MO

Plat and Aerial Maps

GENERAL INFORMATION
The Jenning's tracts of land are located South of Newark, MO on Hwy. E
2 miles, then West on Telegraph Street 1 mile. Land offers 74.8 acres of income producing tillable cropland currently in CRP ending 9/30/2022. Lying in Sections 26 and 34, Twp60N, R10W Knox County, MO.
TRACT 1   40 +/- ACRES
(Subject to Final Survey)
- Offers 32.3 tillable acres of cropland, currently in CRP, water structure and building sites.

- CRP paying $111.62 per acre, $3605.33 annually ending 9/30/2022.

- Access by Telegraph Street running along the South and Thorn Ave. on the West.

- Predominate Soil Types: Armstrong and Mexico

- Lying in Section 26, Twp60N, R10W, Knox County MO.
TRACT 2   56 +/- ACRES
(Subject to Final Survey)
- Offers 42.5 tillable acres of cropland, currently in CRP, woods, hunting, pond, building sites.

- CRP: Paying $111.62 per acre, $4743.85 annually ending 9/30/2022.

- Access by Telegraph Street running along the North and Thorn Ave. on the East.

- Predominate Soil Types: Armstrong and Mexico.

- Lying in Section 34, Twp60N, R10W, Knox County, MO
TERMS AND CONDITIONS
- Tracts will be sold on a price per acre basis, based on the final surveyed acreage.

- Tracts will be offered through the method of "Buyers Choice" giving the successful bidder the opportunity to take any single tract or both tracts in their entirety.

- Tracts do not sell contingent to financing.

- Real estate conveyed subject to any easement of record in effect at the date of closing.

- Immediately following the bidding, the successful buyer(s) will be required to pay 10% down day of the sale payable to Knox County Abstract Escrow and sign into a written contract with the sellers. The balance of the purchase price will be due on or before March 24, 2022.

- Full possession will be given at closing subject to terms of CRP contract.

- CRP payment will be prorated.

- The 2022 real estate taxes will be prorated at closing. All subsequent years will be the responsibility of the successful buyers.

- Title insurance in the full amount of the purchase price will be provided by the sellers.

- All additional closing costs will be divided in equal shares between the buyers and sellers.

- Closing conducted by Knox County Abstract located at 115 S. Franklin, Edina, MO.

- Contact closing agent at 660-397-3259 for any 1031 exchange or closing questions.

- All lines on maps are for identification purposes only. These lines may or may not be accurate.

- Sale contracts, title work and survey will be available day of sale for review.
AUCTIONEER'S NOTE: Prospective buyers are welcome to view the land at their own leisure. Not responsible in case of accident. Terms cash or check with proper ID. Announcements made sale day take precedence over any advertisement. The above information is believed to be accurate; however, no liability for its accuracy, errors or omissions are assumed by the seller or auction service.
Tony and Terri Jennings, Sellers

John W. Russell, Rep. Attorney

Knox County Abstract, Closing Agent

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