TERMS:

Maude A Decker, Trust & Bessie L. Ponzer, Trust Land Auction

Nov. 16, 2023 – 2:00pm CST

180.6 +/- Acres – Co Rd 8120 & 8150 – Rolla, MO

Phelps County

Legal Description: Sections 4 & 5, T37N, R8W / Section 32, T38N, R8W Final Legal Descriptions will be given prior to closing with final survey

This property is being offered for sale at Public Auction on Nov. 16, 2023 at 2:00PM CST.

The Auction will be conducted at the Red Shed Event Center – 169 Truman St., Newburg, MO

PROCEDURE: The property will be offered in 13 individual tracts, any combination of tracts or as a total 180.6 +/- acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete.

Tract offerings: (all acreages are estimated and subject to final survey)

• Tract 1: 10.0 Acres

• Tract 2: 23.9 Acres

• Tract 3: 4.0 Acres

• Tract 4: 4.0 Acres

• Tract 5: 4.0 Acres

• Tract 6: 4.0 Acres

• Tract 7: 11.0 Acres

• Tract 8: 35.4 Acres

• Tract 9: 23 Acres

• Tract 10: 23 Acres

• Tract 11: 12.3 Acres

• Tract 12: 13 Acres

• Tract 13: 13 Acres

BUYERS PREMIUM: A 5% Buyer’s Premium will be added to the final bid and charged to the buyer at closing. The final bid plus the 5% Buyer’s Premium will establish the “Contract” sale price.

DOWN PAYMENT: 10% down payment on the day of auction for individual tracts or combinations of tracts. The down payment may be made in the form of cashier’s check, personal check, or corporate check.

YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.

ACCEPTANCE OF BID PRICES: All successful bidders will be required to enter into Purchase Agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.

EVIDENCE OF TITLE: Title insurance provided at Buyer’s expense.

DEED: Seller shall provide Trustees Deed(s).

CLOSING: The balance of the real estate purchase price is due at closing, which will take place on or before December 27, 2023 at the office of South Central Land & Title – 101 E. Hwy 72 Rolla, MO 65401

POSSESSION: possession shall be granted at closing on all tracts.

REAL ESTATE TAXES: All real estate taxes will be prorated to day of closing.

PROPERTY INSPECTION: Preview dates: Oct. 22 – 2:00PM / Nov. 5 – 2:00PM / Nov. 15 – 3:00PM. Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Bidders safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.

ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.

SURVEY: Final Survey work will begin immediately after the auction by Show-Me Land Surveying, LLC. The survey expense will be the buyer’s responsibility at closing. Survey fee estimated at $??.00 per acre.

AGENCY: United Country Results Realty & Auction along with United Country Coffey Realty & Auction are exclusive agents of the Seller.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final.

ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE SHALL TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

For questions call Mark James at United Country Results Realty & Auction - Office (573) 341-8200 or cell (573) 405-011