McAfee Auction Service, LLC

LEWIS COUNTY MISSOURI
LAND AUCTION
217 +/- ACRES
2 TRACTS

Tuesday March 8th
6:00 p.m.

Sale conducted at the Caldwell Building, 30191 MO-16, Canton, MO 63435

GENERAL INFORMATION
The Spencer tracts of land are generally lying 1 mile west of Hwy. 61 and Route C at LaGrange, MO, then North on Route P 2 mile to Co. Rd. 536, then West 1 mile. Land offers productive tillable cropland, wooded draws, older income producing homestead, hunting, etc. Lying in section 19, Twp. 61N R5W & R6W Lewis County, MO.

TRACT 1    97 +/- Acres

(Subject to Final Survey)

Tract 1 Photos

-Offers 74.67 +/- acres of productive tillable cropland, balance in wooded and grass draws.

-Access: By Co. Rd. (536) Nutmeg St on the North and (532) Oleander Ave on the West.

-Predominant Soil Types: Winfield, Keswick, and Gorin.

TRACT 2   120 +/- Acres

(Subject to Final Survey)

Tract 2 Photos

-Offers 81.30 +/- acres of productive tillable cropland, balance in wooded and grass draws.

-Improvements: Older structure income producing home, barn structure. the 2 small grain bins have been sold and do not convey. Sells subject to current month-to-month tenant in home paying $350 per month.

-Access: By Co. Rd. (536) Nutmeg St on the Northeast corner.

-Predominant Soil Type: Westerville, Lindley, and Gorin.

TERMS AND CONDITIONS
- Tracts will be sold on a price per acre basis, based on the final survey acreage.

- Tracts will be offered through the method of "Buyer's Choice" giving the successful bidder the opportunity to take either tract, or both in its entirety.

-Tracts do not sell contingent to financing or any other buyer contingencies.

- Immediately following the bidding, the successful buyer(s) will be required to pay 10% down evening of sale payable to Oak Hill Title Company Escrow and sign into a written contract with the sellers. The balance of the purchase price will be due at closing on or before April 12, 2022.

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

-Possession of Tract 1 at closing. Sells free and clear of farm tenant.

-Possession of Tract 2 at closing. Sells free and clear of farm tenant but sells subject to current tenant in home. Month-to-month paying $350 per month.

-All improvements sell as is and convey with no pre-sale inspection.

-The 2022 real estate taxes will be prorated at closing.

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

-All additional closing costs will be divided in equal shares between the buyer(s) and sellers.

-Closing conducted by Oak Hill Title Company located at 309 Lewis Street, Canton, MO.

- Contact closing agent at 573-288-4462 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 tracts at their own leisure, excluding structures that are tenant occupied. No public viewing offered on structures and convey as found. Terms cash or check with proper ID. Not responsible in case of accident. 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.

James and Darlene Spencer Trust

Oak Hill Title Company, Closing Agent

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