REAL ESTATE AUCTION, TUES, SEPT. 17, 6:30 PM, MADISON, MO

Johnston Auct logo 2.jpg REAL ESTATE AUCTION

TUESDAY, SEPTEMBER 17, 2019

6:30 PM

LOCATION OF AUCTION: AT THE JOHNSTON AUCTION CENTER ON HWY 24, MADISON, MO

Selling 156 (MOL) Acres for the Estate of Billy G. (Bunk) Smith

800-404-3400 OR (CELL) 573-473-4904

DIRECTIONS TO THE FARM: FROM HWY 63, GO 6 ½ MILES EAST OF CAIRO ON HWY K TO CO RD 1830, THEN GO NORTH 1 1/8 MILES TO FARM, WATCH FOR SIGNS.

Located in Randolph County, Missouri, Township 55 North, Range 13 West, Parts of Section 26,

SELLING IN 5 TRACTS.

(Tracts are going to be surveyed and acreage may vary some from this listing. The results of the survey will be posted as soon as available.)

TRACT 1: 41 ACRES (North of the east-west Co Rd 1825)

TRACT 2: 28.7 ACRES (North of east-west Co Rd 1825)

TRACT 3: 13.7 ACRES (where house is located, Co Rd 1830)

House has 1380 sq. ft, 2 bedrooms, 2 baths.

TRACT 4: 6.6 ACRES (across the road, east of house on Co Rd 1830)

TRACT 5: 66.1 ACRES (East of Co Rd 1830 and north of Tract 1)

TERMS:

1. Each tract to be auctioned individually and sold separately.

2. Buyer(s) will pay 10% of purchase price in escrow day of auction, with remainder due at closing within 30 days. Possession will be given at closing on all tracts EXCEPT TRACT 3 with the house.

3. Real Estate taxes will be prorated at closing.

4. Buyer(s) and Buyer’s Agent(s) must have made all inspections prior to auction time. The Property sells “AS IS” with no guarantees. Buyer will be operating on his/her own judgment. The Property will be sold “AS IS” with no contingencies (such as inspections or financing approval). There will be NO improvements made to the property and no “Final Inspection” and no “Final Walk-Through” because this property is selling “AS IS” at this auction.

5. Buyer(s) and Seller will sign a standard MAREP contract day of auction. Seller will furnish a Warranty Deed. Title insurance and closing costs will be divided equally between Buyer and Seller. Buyer will be responsible for Lenders Policy and all expenses pertaining to any loan.

6. Seller has no knowledge of lead-based paint in the housing and no reports or records pertaining, but because the home was built before 1978, there is a possibility there could have been some used in the home. Please refer to the “Protect Your Family from Lead in Your Home” pamphlet. The MAREP contract will have a disclosure for the Buyer to sign. The Seller also has no inspections for Radon Gas or methamphetamines/Controlled Substances on this property.

7. The Seller and Auction Company are not responsible for any accidents, errors or omissions. Announcements at auction time take precedence over any advertising and printed materials.

8. Offering 2% Broker Participation. All Licensed Brokers/Salespersons must register their bidder(s) with the auction company and sign a Broker Cooperation Agreement with James L. Johnston by 5:00 p.m. on September 16. Agent must be present with their client at the auction.

JOYCE SMITH, OWNER

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JOHNSTON AUCTION & REAL ESTATE

Col. James L. Johnston & Col. Jeffrey Johnston

REAL ESTATE BROKER — LICENSED AUCTIONEERS, MADISON, MO

800-404-3400 OR (Cell) 573-473-4904

Web site www.jamesjohnstonauction.com