SELLERS: Terry and Kathie Dudley SUNDAY, Jan. 11, 2015, at 2 P.M. AUCTION & PROPERTY LOCATION: 183 Gilbert Road – Middletown, MO 63359 DIRECTIONS: From the 4-way stop in Middletown, MO, turn and go west 1 ½ miles on Hwy. BB to Allison Road, turn left and go 2 ½ miles to Gilbert Road, the farm lays directly across the road to the west. 41 Beautiful acres in Northeast Montgomery County, MO to be offered in a single tract, with good percentage cropland, lake, wildlife habitat, and a brand new building that is very functional and adaptable for a variety of uses. The farm is located Township 50 N. Range 5 W. Section 5. The property has frontage all along the east side on Gilbert Road. Of the total 41 acres the FSA office calls 28.12 tilla- ble, all of which are terraced and were in beans in the 2014 crop year. The balance is in a couple patches of woods, wooded draw and fence rows, a very nice stocked lake, and the building and surrounding yard area.
20
Embed
Prospectus for 1-11-2015 Dudley Real Estate Auction, Middletown, MO
Montgomery County Real Estate Auction . 41 Beautiful acres in Northeast Montgomery County, MO, to be offered in a single tract, with good percentage cropland, lake, wildlife habitat, and a brand new building that is very functional and adaptable for a variety of uses.
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Directions: From the 4-way stop in Middletown, MO, turn and go west 1 ½ miles on Hwy. BB to
Allison Road, turn left and go 2 ½ miles to Gilbert Road, the farm lays directly
across the road to the west.
AUCTIONEER NOTE: This property offers all the attributes you could ask for, great location close to the greater Metropolitan St. Louis
area, easy commuting distance from St. Charles, Warren and Lincoln County, perfect for those evening fishing and hunting outings.
The farm offers a good percentage of row crop land that can be either used to farm yourself or rent out for annual cash income,
some field edges and wooded area for wildlife habitat to attract and hold deer, turkey and other wild, fury and feathered creatures,
a nice well stocked lake for those who like to fish or water fowl hunt. And a very attractive building is already in place for you to
enjoy. The work is all done here the only thing left to do is enjoy.
For those of you who are leasing a place in the country to hunt year to year, and constantly in fear of losing it, you or you and your
buddies need to take a look here, when you combine your current hunting lease payment and the farm income from the annual row
- crop lease, I think you will like owning your own place.
The former owner put a set of mild restrictions on the property, for a copy, please contact our office and one will be e-mailed or
sent to you.
The current farm tenant has the cropland leased for the 2015 crop year and property will be sold subject to his lease.
TERMS: 10% down day of auction balance due and possession given subject to the 2015 crop lease at
closing on Monday, February 2, 2015 or before. There is a current survey available for inspection, and survey
markers are evident so no new survey will be required. Buyer to pay for the cost of title insurance premium.
SELLERS: Terry and Kathie Dudley
Auction Terms and Conditions
Procedure: Property shall be sold Subject to Confirmation of Bid by Seller.
Down Payment: Ten percent (10%) down payment the day of auction, upon signing a pur-
chase agreement immediately following the close of bidding. The down payment may
be paid in the form of personal check, business check, or cashiers check. The remainder
of the purchase price is payable at closing within 30 days. YOUR BIDDING IS NOT CONDI-
TIONAL UPON FINANCING, be sure you have arranged financing, if needed, and are ca-
pable of paying the balance at closing.
Title: Sellers shall provide and execute a proper deed conveying the real estate to the buyer
(s). Buyer will pay the title insurance premium.
Possession: 10% down day of auction balance due and possession given subject to the 2015 crop
lease at closing on Monday, February 2, 2015 or before.
Mineral Rights: The sale shall include 100% of the mineral rights owned by the sellers.
Easements: Sale of the property is subject to any and all easements of record.
Acreage: All acreage is approximate and has been estimated based on current legal
descriptions and / or aerial photos.
Taxes: Seller will pay all the 2014 taxes and the new buyer will be responsible for all the 2015
property taxes. Buyer will pay the title insurance premium.
Survey: Any need for a survey shall be determined solely by the sellers. At sellers’ option,
sellers shall provide a survey for any parcel where there is no existing legal description or
where the tract divisions create new boundaries. Closing prices shall be adjusted to re-
flect any difference between advertised and surveyed acres.
Closing: Anticipated closing date shall be on or before Monday, February 2, 2015 or on date
mutually agreed upon between the buyer(s) and the sellers conducted at the office of
York Title, 1155 Aguilar Drive, Montgomery City, MO 63361, (573) 564-8021.
Agency: Wheeler Auctions & Real Estate and its representatives are Exclusive Agents for the
sellers.
Disclaimer: The property is being sold on an “as is, where is” basis, and no warranty or repre-
sentation, either express or implied, concerning the property is made by either the sellers
or the auction company. Each bidder is responsible for conducting its own independent
inspections, investigations, and all due diligence concerning the property and the auc-
tion. Information contained in this brochure is subject to verification by all parties relying
on it. Diagrams/dimensions in this brochure are approximate. Acreage is estimated. All
information contained in this brochure and any related materials are subject to the terms
and conditions of sale outlined in the purchase contract. Auction conduct and bidding
increments are at the sole direction and discretion of the auctioneer. All decisions of the
auctioneer are final. The sellers and the Auction Company reserve the right to preclude
anyone from bidding if there is a question as to the person’s credentials, fitness, intent,
etc.
New Data, Corrections and Changes: Please arrive prior to scheduled auction time to in-
spect any changes, corrections or additions to the property information. ALL ANNOUNCE-MENTS AND INFORMATION GIVEN FROM THE AUCTION PODIUM SHALL TAKE PRECEDENCE
OVER PREVIOUSLY PRINTED OR STATED ADVERTISEMENT.
AGREEMENT TO PURCHASE REAL ESTATE
AT PUBLIC AUCTION
THIS AGREEMENT TO PURCHASE REAL ESTATE AT PUBLIC AUCTION (later called the
“Agreement”), made and entered into as of this 11th day of January, 2015 by and be-
tween Terry and Kathie Dudley (collectively later called the “Seller”), and