Tracts 1-3 are nearly 100% tillable with Tracts 1-2 offering sub surface irrigation. Tract 4 includes a 5 bedroom, 2.5 bath country home with several outbuildings. Farmers and investors - be sure to check out these farms which offers some of the most productive farmland in northern Missouri!

OPEN HOUSE

Saturday, March 23, 2024 11: 00 AM - 1:00 PM

TRACT INFORMATION

Tract 1 - 76 acres (subject to survey)

FSA figures should indicate 75.24 cropland acres

Productivity Index (NCCPI): 63.8

Soil types include Carlow, Chequest, and Belknap

Improvements include a gated sub surface irrigation system and pattern tiled on 30 spacing for drainage and irrigation (tile maps available online)

Access along the north by County Road 346

Tract 2 - 79 acres (subject to survey)

FSA figures should indicate 79.91 cropland acres

Productivity Index (NCCPI): 63.8

Soil types include Carlow, Chequest, and Belknap

Improvements include a gated sub surface irrigation system and pattern tiled on 30 spacing for drainage and irrigation (tile maps available online)

Access along the north by County Road 346

Tract 3 56.7 surveyed acres

FSA figures should indicate 56.7 cropland acres

Productivity Index (NCCPI): 76.8

Soil types include Blackoar, Belknap, and Carlow

40 ingress/egress easement from County Road 344

**Tract 4 3 acres with Home, Outbuildings, Grain Bins **

2,184 sq. ft. country home-5 bedrooms, 2.5 bathrooms, partially finished basement

2 10,000-bushel grain bins

1 12,000-bushel grain bin

Barn with workshop

4,320 sq. ft. Morton building

More information on our website!

METHOD & TERMS

The Emma L. Hoerr Living Trust real estate will be sold on a price per acre basis, based on the surveyed acres. Tracts 1 - 3 will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect any individual tract or tracts (in any order) for their high bid. If the high bidder does not elect all the offered tracts, then the remaining tract(s) will continue to be offered Buyers Choice until all tracts have been elected. We will then offer Tract 4 individually as a lump sum total dollar amount. The tracts will NOT be offered together or in any combination at the conclusion of the auction.

Immediately following the auction, the successful buyer(s) will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment, payable to Mark Twain Title Co., which will be held in escrow until closing. The balance of the purchase price will be due at closing which will take place on or before May 3, 2024. Upon paying the 10% non-refundable down payment and providing proof of insurance, the buyer will be offered early possession with full farming rights for 2024.

The seller will provide title insurance in the full amount of the purchase price and pay the 2023 real estate taxes which are due and payable in 2024. The buyer will be responsible for the 2024 and all subsequent real estate taxes. Full possession will be given at closing, as the properties sell free and clear of tenancy for 2024. Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property.

All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers, a BigIron company, pertaining to this property. Real estate is being sold AS IS.

Emma L. Hoerr Living Trust

Representing Attorney:

David W. Brown | Wasinger Parham, L.C.

2801 St Marys Ave, Hannibal, MO 63401 | (573) 221-3225

Auction Managers:

Steve Zeiger (573) 231-9802

Dan Sullivan (319) 795-1833