LAFAYETTE COUNTY LAND SALE HAROLD AND MARILYN HAASE FARM T50N – Range 29W – Section 26 & 25
Top Tier Farm Ground HWY D and Old Santa Fe Trail Napoleon, MO 64074
(2) Older Farm Homes, (2) 3300 BU Grain Bins, Out Buildings, 40’ x 80’ Machine Shed Terraced and Tiled with Excellent Waterways and Drainage
160 Acres M/L with 142 Tillable
Farm Location: 2 miles South of Napoleon, Mo on Hwy D. Or 3/4 mile South of HWY 24 and HWY D
10:00 A.M., MONDAY, DECEMBER 10, 2018 SALE LOCATION: MOOSE LODGE (2510 MAIN ST., LEXINGTON, MO 64067)
Sellers: Brian Haase, Colette Rodenberg, Ardith Dieckmann For Sale Information Contact
Mike Williams
816-797-5450 mike@wheelerauctions.com mike@wheelerauctions.com
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40’x 80’ Machine Shed
2 - 35 ft. drainage dams and waterway
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TABLE OF CONTENTS Auction Information................................................................................................5 Terms and Conditions.............................................................................................6 Parcel Map ..............................................................................................................7 Tract Description ....................................................................................................7 Plat Map ...................................................................................................................8 FSA Map...................................................................................................................8 Soil Map ...................................................................................................................9 Photo Gallery ..........................................................................................................10 Auction Sale Contract.............................................................................................11-15
The Carolyn F Rinacke and T Jean Rakes, Napoleon, MO Real Estate Auction of 3 Tracts of 60.58 Surveyed Acres will take place immediately after contracts are signed on the Haase Farm Land Auction. Approximately 10:30am at the Moose Lodge, Lexington, MO. mike@wheelerauctions.com
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HAASE FARM
This Lafayette County Farm just south of Napoleon, Mo will be one of the best farms to sell in Lafayette County in all of 2018. It offers very fertile soil, top of the line conservation practices with highly tillable acres and a great location. The terracing, tiling, and waterways function at the highest level and the farm lies just south of the Missouri River. This farm is a Century Farm and been in the Haase Family over 127 years. We are very proud to be involved with the Haase Family and this high quality farm. We hope you will be with us on Monday, December 10, in Lexington to visit with the Haase Family and exercise your option to purchase the original Haase Farm. Chas and Mike
Feel free to view this farm at your leisure. For Sale Information Contact: Wheeler Auction Representative,
Mike Williams • 816-797-5450
mike@wheelerauctions.com • Website: www.wheelerauctions.com SALE DAY CELL PHONES
Chas Wheeler 573-473-2508 Mike Williams 816-797-5450 Charlie Nordwald 636-795-4552 Kirby Fecht 217-248-2906 Sonny Ketchum 523-721-2021 4
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AUCTION INFORMATION Sale Date: Monday, December 10, 2018 at 10:00 A.M. Sale Location: Moose Lodge, 2510 Main St., Lexington, MO 64067 Farm Location: 2 miles South of Napoleon, MO on Hwy D. Or ž mile South of HWY 24 and HWY D Method of Auction: The land will sell as one parcel of 160 acres M/L. We will sell by the acre times 160 acres to determine the final selling price. Property sells with confirmation of bid price by the seller. Contract: We will write the land sale contract immediately following the conclusion of the auction. Down Payment: A 10% escrow down payment will be required at the contract signing and the check will be payable to Truman Title Company. Possession: Immediate possession will be granted to the buyer. Tenant: There is no tenant agreement in place for the 2019 crop year. Showing: Feel free to drive this property at your leisure when the ground is dry or frozen. The homes are shown by appointment only. Contact Mike Williams, 816-797-5450. Taxes: The 2018 taxes are paid by the seller and the 2019 taxes will be the responsibility of the new owner. The 2017 taxes on the property were $1780.30. Utilities: Rural Water District #1 serves the farmstead KCPL Electric Utility Service Schools: The parcel is in the Wellington-Napoleon R9 School District. NO BUYERS PREMIUM AT THIS AUCTION – WHAT YOU BID IS WHAT YOU PAY.
mike@wheelerauctions.com
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AUCTION TERMS AND CONDITIONS Down Payment: Ten percent (10%) nonrefundable down payment the day of auction, upon signing a purchase 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 CONDITIONAL UPON FINANCING. Be sure you have arranged financing, if needed, and are capable of paying the balance at closing. Title: Seller shall provide and execute a proper deed conveying the real estate to the buyer(s). Seller to pay for title insurance. Buyer and seller will split the closing costs. Real Estate Taxes: The 2018 taxes are paid by the seller. The new buyer shall be responsible for 2019 taxes and all periods thereafter. 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/Survey: Sale of the property will be based on 160 acres m/l. All acreages are approximate and accurate to the best of our ability using assessors maps, measurements, and legal descriptions. The selling price based on the acreage multipliers is final and no future adjustments in sale price will be granted to either the buyer or seller of said acreage or Tracts. Any need for a survey to close this agreement is at the sole discretion of the Seller. Any need for a survey by the Purchaser, to acquire funding or close this agreement will be paid for by the Purchaser. Closing: Anticipated closing date shall be on or before Thursday, January 10, 2019 or on a date mutually agreed upon by the buyer(s) and the sellers conducted at the office of Truman Title Co., Inc., Lexington, MO. 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 representation, 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 auction. 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 inspect any changes, corrections or additions to the property information. ALL ANNOUNCEMENTS AND INFORMATION GIVEN FROM THE AUCTION PODIUM SHALL TAKE PRECEDENCE OVER PREVIOUSLY PRINTED OR STATED ADVERTISEMENT. 6
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PARCEL MAP & TRACT DESCRIPTION
160 ACRES M/L
T50N – RANGE 29W – SECTION 26 & 25
The Northwest corner of this farm contains approximately 16 acres m/l that is west of HWY D and 14.46 acres m/l is tillable, currently in soybeans. The balance of the farm is bordered by HWY D on the West and Old Santa Fe Trail on the South, containing 144 acres m/l with 128.17 as FSA Tillable. The farm has ½ mile blacktop frontage and ½ mile of gravel road frontage. A very small portion of the farm lies in Section 25 at the Southeast corner of the parcel. The main home on the property was occupied as late as April, 2017. It is a 6 room house with a basement contain ing storage and the hot water heater. Heat for this home is Hot Water Pipes and Radiator. There is no AC however Window Units were used both up and down stairs. A ramp for handicap accessibility is on the East porch entrance. This home is a stately and unique old home that is very livable however upgrades and repairs will be necessary.
The flag pole in front of the home is in a sleeve and will be removed by closing.
The home on the East side of the farmstead was last lived in approximately 10 years ago. It is a 5 room house with propane heat furnace and central air. It has a single bath and the furnace and AC are older units and have not been on active for a long period of time so there viability is unknown. As in the case of the family home, this farm house is very liveable however upgrades and repairs will be necessary. The out buildings are in good shape and the two grain bins are each 3300 bu. Capacity with good floors and fans. The 40’ x 80’ Machine Shed is in excellent condition. A unique hand cut log and mortar crib is one of the usable buildings on this clean, well taken care of farmstead. As mentioned, the farming and conservation practices on this farm have been second to none. Harold was both innovative and willing to see that the farm looked good and functioned at the highest level. This point is driven home when you view the two 35 ft. drainage dams that were constructed per Soil Conservation Service design to accommodate the water capable of coming off the farm ground and terrace. When you view the farm make a point to follow the north farm road from the farmstead to the waterway going east and look at the drainage receptacle. mike@wheelerauctions.com
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PLAT & FSA MAP Crop History: 2015 Corn @ 192 bu/ac 2016 Corn @ 209 bu/ac 2017 Corn @ 221 bu/ac 2015 Soybeans @ 53 bu/ac 2016 Soybeans @ 56 bu/ac 2017 Soybeans @ 59 bu/ac
S-26-T50N-R29W
2018 Corn & Bean yields will be available on the website
1 3.11 HEL
S-25-T50N-
204 1.59 HEL
DO
LD
SA
NT EF
ET
205 63.38 HEL
RA IL RT D
CR
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218 2.6
2 9.76 HEL
208 39.83 212 1.61
209 1.61
6 19.14 HEL
Soils Map
SOIL SoilsMAP Map
State: Missouri County: Lafayette Location: 26-50N-29W Township: Missouri Clay State: Acres: 170.87 County: Lafayette Date: 10/18/2018 Location: 26-50N-29W State: Missouri Township: Clay County: Lafayette Acres: 170.87 Location: 26-50N-29W Date: 10/18/2018 Township: Clay Acres: 170.87 Date: 10/18/2018
Soils data provided by USDA and NRCS.
Area Symbol: MO107, Soil Area Version: 19 Area Symbol: MO107, Soil Area Version: 19 Code
Soil Description
Acres Percent of field
Soils data provided by USDA and NRCS.
NonIrr Class Legend
NonIrr Alfalfa Caucasian Class hay bluestem *c
Common bermudagrass
Orchardgrass red clover
Tall Warm fescue season grasses
*n NCCPI Soybeans
10098 Marshall silty clay loam, 2 59.38 34.8% IIe 74 to 5 percent slopes Soils provided by USDA and NRCS. CodedataSoil Description Acres Percent NonIrr NonIrr Alfalfa Caucasian Common Orchardgrass Tall Warm *n NCCPI 10094 Marshall silt loam, 5 to 9 36.54of field 21.4%Class 7bluestem 8bermudagrass 7red clover 7fescue 7season 8Soybeans 57 Class IIIehay percent slopes, eroded Legend *c grasses Area Symbol: MO107, Soil Area Version: 19 20.0% Area Symbol: MO107, Soil Area Version: 19 10055 Knox silt loam, 5 to 9 34.19 IIIe 10098 Marshall silty clay loam, 2 59.38 34.8% IIe 7 8 7 7 7 8 7461 percent slopes, eroded Acres Percent NonIrr Code Soil Description NonIrr Alfalfa Caucasian Common Orchardgrass Tall Warm *n NCCPI to 5 percent slopes of field Class Class hay bluestem bermudagrass red clover fescue season Soybeans 10047Marshall silt loam, 5 to 9 Knox silt loam, 20 to 25 18.47 21.4% 10.8% VIe 7 10094 36.54 IIIe 77 88 77 77 7grasses 88 5726 Legend *c percent slopes, severely percent slopes, eroded eroded 10098 Marshall silty clay loam, 2 59.38 34.8% IIe FARM : 39 74 MISSOURI of8Agriculture States Department UnitedIIIe 10055 to 5 percent slopes Knox silt loam, 5 to 9 34.19 20.0% 7 7 7 7 8 61 10056 Knox silt loam, 9 to 14 12.84 7.5% IIIe 7 8 7 7 7 8 61 LAFAYETTE Prepared : Sep 25, 2018 Farm Service Agency percent slopes, eroded percent slopes, eroded 10094 Marshall silt loam, 5 to 9 36.54 21.4% IIIe 7 8 7 7 7 8 57 Crop Form: 10047FSA-156EZ Knox silt loam, 20 to 25 18.47 10.8% VIe 7 8 7 7 Year 7: 2019 8 26 percent slopes, eroded 10026 Higginsville silt loam, 5 to 9 6.64 3.9% AbbreviatedIIIe 7 7 7 7 8 80 Record8 percent slopes, severely 156 Farm Statements. non-discriminatory for 2 Page See percent slopes 10055 Knox silt loam, 5 to 9 34.19 20.0% IIIe 7 8 7 7 7 8 61 eroded percent slopes, eroded 10027Knox silt loam, 9 to 14 Higginsville silt loam, 5 to 9 12.84 1.42 7.5% 0.8% 10056 IIIeIIIe 77 88 77 77 77 88 6163 H HAASE BRIAN Name Operator percent slopes, eroded :18.47 10047 Knox silt loam, 20 to 25 10.8% VIe 7 8 7 7 7 8 26 percent slopes, eroded percent slopes, severely 29-107-6867, 29-107-6874 29-095-1234, 29-095-1044, 29-107-264, 29-107-71, 29-107-219, 29-107-39, with Operator : 6.64 10077 Macksburg silt loam, 0 to 5 1.39 3.9% 0.8% Associated Farms 10026 Higginsville silt loam, 5 to 9 IIIeIIe 75 88 77 78 77 88 8070 eroded percent slopes percent slopes None : Number(s) CRP Contract 10056 Knox silt loam, 9 to 14 12.84 7.5% IIIe 7 4.6 8 5.2 7 4.6 7 4.6 7 4.6 8 5.2 61 Weighted Average *n 61.7 10027 percent slopes, eroded IIIe 7 8 7 7 7 8 63 None 0.8% IDHigginsville silt loam, 5 to 9 : 1.42 Recon percent slopes, eroded *n: The aggregation method is "Weighted Average using major components" 10026 Higginsville silt loam, 5 to 9 6.64 3.9% IIIe 7 8 7 7 7 8 80 10077 percent slopes Macksburg silt loam, 0 to 5 1.39 0.8% IIe 5 Data 8 7 8 7 8 70 Land Farm percent slopes *c: Using Capabilities Class Dominant Condition Aggregation Method Of Number 10027 Higginsville silt loam, 5 to 9 1.42 Cropland 0.8% IIIe WRP7 8 7 7 Status 8 63 Farm Sugarcane GRP 7 CRP WBP DCP Cropland Farmland Weighted Average 4.6 5.2 4.6 4.6 4.6 5.2 Tracts *n 61.7 percent slopes, eroded
Area Symbol: MO107, Soil Area Version: 19 Area Symbol: MO107, Soil Area Version: 19
Soils data provided by USDA and NRCS.
142.63 is "Weighted 160.90 10077 Macksburg silt loam, 0 to 5 1.39142.63 0.8% using0.00 IIe 0.005 *n: The aggregation method Average major components" percent slopes Effective DCP Other State Cropped4.6 Double *c: Using Capabilities Class Dominant Condition Aggregation Method Weighted Average Cropland Conservation Conservation
*n: The aggregation method is NRCS. "Weighted142.63 Average using major components" Soils data provided by USDA 10.10 0.00and 0.00
0.00 8
0.00 7
0.00 8
MPL 5.2
Acre 4.6 Election
EWP4.6
1 70 Broken DCP Ag.Rel. From Native 4.6 *n 61.7 Activity 5.2 Sod Active 7
0.00
0.00
0.00
8
0.00
*c: Using Capabilities Class Dominant Condition Aggregation Method
Crop Election Choice
Soils data provided by USDA and NRCS.
ARC Individual
ARC County
Price Loss Coverage
None
CORN, SOYBN
None
DCP Crop Data Base Acres
CCC-505 CRP Reduction Acres
Corn
55.74
0.00
0
140
Soybeans
62.76
0.00
0
46
118.50
0.00
Crop Name
TOTAL
CTAP Yield
PLC Yield
HIP
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PHOTO GALLERY The Haase Home
The Haase Rental Home
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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 tenth day of December, 2018 by and between Brian Haase, Colette Rodenberg, Ardith Dieckmann and _____________________________________ __________________________________________________________________________________ ___________________________________________________________ (later called the “Purchaser”), as the highest bidder on the property (as defined in Paragraph 1) at the public auction on this date (the “Auction”), is made subject to the following terms, covenants and conditions: 1. PROPERTY: Seller agrees to sell and Purchaser agrees to purchase 160 acres m/l of real estate situated in Lafayette County, Missouri. Purchaser hereby acknowledges and understands that the Property is being sold on an “as is where is” basis. Purchaser further acknowledge that this Agreement is not contingent upon financing and that failure to close this transaction on or before Thursday, January 10, 2019 due to any delay caused by Purchaser shall constitute a forfeiture of the Earnest Money. 2. PURCHASE PRICE: Purchaser agrees to pay to the Seller the total sum of ___________________________________________________________________________________ (the “purchase price”). Purchase price is figured from: ___________________________________________________________________________________ ___________________________________________________________________________________ ___________________________________________________________________________________ ___________________________________________________________________________________. Upon execution of this agreement, the Purchaser will pay by check and not in cash ___________________________________________________________________________________ which amount is equal to ten percent (10%) of the Purchase Price as Earnest Money made payable to and to be held in the escrow account of Truman Title Co. Inc., Lexington, MO as escrow agent, there under for delivery to the Seller at the time of closing or as otherwise provided for herein. The balance of the Purchase Price shall be paid by Purchaser to the Seller at closing in cash or form of payment acceptable to the Seller. 3. TITLE: Seller shall furnish Purchaser with an Owners Title Insurance Commitment (Title Commitment), issued by Truman Title Co., Inc, Lexington, MO. Title insurance premium paid for by the sellers. The Title Commitment shall commit the subject title company to issue Purchaser its standard owner’s policy in the amount of the purchase price, showing title to the Property in the name of the Seller. In the event that the Seller is unable to convey the Property in accordance with the terms of this agreement, Purchaser shall elect to either (a) take the Property encumbered with the objectionable exceptions to the title and waive any and all objections thereto without abatement of the Purchase Price, or (b) receive a refund of the Earnest Money, and upon such refund being made, this Agreement shall terminate and be of no further force and effect. 4. SURVEY/ACREAGE: Sale of the property will be based on 160 acres m/l. All acreages are approximate and accurate to the best of our ability using assessors maps, measurements, and legal descriptions. The selling price based on the acreage multipliers is final and no future adjustments in sale price will be granted to either the buyer or seller of said acreage or Tracts. Any need for a survey to close this agreement is at the sole discretion of the Seller and paid for by the seller. Any need for a survey by the Purchaser, to acquire funding or close this agreement will be paid for by the Purchaser. mike@wheelerauctions.com
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5. CLOSING AND POSSESSION: The “Closing” shall take place on or before Thursday, January 10, 2019, at the office of Truman Title Co. Inc., Lexington, Missouri, and at a time designated by the Seller and agreed upon by Purchaser. Concurrently with the Closing, Purchaser shall pay to the Seller the Purchase Price, less the Earnest Money as provided for herein. Upon full receipt of the entire Purchase Price by Seller, Seller shall deliver to Purchaser special warranty deeds from each selling entity conveying title in the property to the Purchaser. Seller and Purchaser agree to execute any real estate transfer declarations required by the state, county or municipality in which the Property is located. The Seller and Purchaser agree to provide and to execute such further documents as may be necessary or customary to close this Agreement (e.g., Seller Affidavit; FITPTA Affidavit; Organizational documents and closing statement). Purchaser shall be entitled to possession of the property immediately following the sale. The purchaser and seller will split the charges for closing costs and conveying the deed. 6. CASUALTY: Seller will keep the Property and Improvements insured until closing. If the improvements on the property are substantially damaged or destroyed by fire or other casualty prior to closing, then Buyer will have the option of accepting all of the insurance proceeds and proceeding to close this Agreement, or terminating this Agreement. If this Agreement is terminated due to this paragraph then the earnest money will be returned to the Buyer. 7. WARRANTIES: Purchaser acknowledges that Purchaser has been given an opportunity for a full inspection of the property and related information and further acknowledges with respect to this agreement that Purchaser is satisfied in all respects with the condition of the Property and all matters pertaining thereto. Purchaser accepts the Property “as is” and in its present condition with Purchaser assuming risk thereof. Purchaser understands that Seller makes no warranty or representation of any kind, either implied or expressed or arising by particular purpose of the Property or any portion thereof, and in no event shall Seller be liable for consequential damages. Purchaser acknowledges that Seller has not agreed to perform any work on or about the Property as a condition of Purchaser’s purchase of it. 8. MINERAL RIGHTS: One hundred percent (100%) of the mineral rights owned by Seller with respect to the Property, if any, shall be conveyed to Purchaser at Closing. 9. REAL ESTATE TAXES AND ASSESSMENTS: Real Estate taxes for the calendar year 2018 are paid by the seller. Purchaser shall assume and pay real estate taxes for the Property for 2019 and all periods thereafter. 10. DEFAULT: If Purchaser fails to perform any obligation imposed by this Agreement, Seller may serve written notice of default upon Purchaser and if such default is not corrected within ten (10) days thereafter, then, at the option of the Seller, this Agreement shall terminate and the Seller shall be entitled to retain the Earnest Money paid hereunder as liquidated damages. The foregoing remedy in the event of default is not intended to be the exclusive remedy of Seller, and Seller shall have the right to seek any other remedies available at law or equity, including but not limited to specific performance. Default by Purchaser shall entitle Seller to court costs and reasonable attorney’s fees incurred in enforcing the provision of this Agreement. In the event of failure of Seller to perform the obligations imposed by this Agreement, Purchaser’s sole remedy hereunder is to terminate this Agreement and receive a refund of the Earnest Money upon similar notice served upon Seller and similar expiration time period.
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The Escrow Agent, upon receiving an affidavit from the non-defaulting party stating that this Agreement has been terminated as provided herein, shall be entitled to rely upon such affidavit and shall deliver the earnest money to the non-defaulting party. 11. ENVIRONMENTAL: The Purchaser acknowledges that the Seller has not made and hereby disclaims any and all representations and warranties, either express or implied, regarding the environmental condition of the Property. The Purchaser shall rely upon its own independent investigation, inspection, inquiry, analysis, and due diligence to evacuate and ascertain the environmental condition of the Property. The Purchaser has been advised that the Property is being sold “as is-where is” and that Seller is not representing or warranting that the condition of the Property is in accordance or compliance with any past, present, or future federal, state or local environmental laws, regulations, requirements, or standards. As a matter of policy, Seller makes it a practice to expressly advise any purchaser that the improvements on the Property include materials, which may contain asbestos and/or lead paint, and encourages Purchaser to investigate specifically whether asbestos containing materials exist on the Property. 12. PROVISIONS RELATING SPECIALLY TO SELLER/TRUST/ TRUSTEES/ EXECUTOR AND THEIR RESPECTIVE SPECIAL CIRCUMSTANCES: Trustee/Executor Disclaimer. Each fiduciary comprising Seller executes this instrument only in its representative capacity and shall not be bound or obligated hereunder except in such capacity. Purchaser acknowledges and agrees that this Agreement is made by such fiduciaries solely in their fiduciary capacity as described in the signatures affixed hereto, and that such fiduciaries shall not be liable for any breach or any failure to perform any obligation under this Agreement except from assets held in the fiduciary capacity described. 13. PROVISIONS RELATING TO THE AUCTION COMPANY/ AUCTIONEER/BROKERS/FINDERS/ AGENTS: (a) This Agreement is solely between Seller and Purchaser. Wheeler Auctions & Real Estate, L.L.C. (the “Auction Company”) and its licensed auctioneers are employed by the Seller. The Auction Company and its auctioneers shall not be liable for any patent or latent defects or deficiencies existing in the Property, improvements or other appurtenant structures thereon, nor for any information provided to the Purchaser. The Purchaser acknowledges that it has conducted its own independent investigations, inspections, inquiries and due diligence concerning the Property. (b) Commission. Notwithstanding any other provisions of this Agreement, the right to commission, if any, payable to any agent representing either party to this Agreement shall not vest until the transaction is closed, and shall be payable only out of proceeds of closing and said agent shall have equal right to any portion of Earnest Money forfeitures. 14. IRS 1031 TAX EXCHANGE DECLARATION (Optional): It is agreed between the purchaser(s) and seller(s) that a material part of the consideration to the Purchasers for purchasing is that the Purchaser has the option to qualify this transaction as part of a tax-deferred exchange under Section 1031 of the Internal Revenue Code of 1986 as amended. Sellers agree that Purchaser may assign this Agreement to an exchange intermediary of Purchasers choice. Purchaser agrees that any and all additional expense, if any, shall be borne by Purchaser and Sellers agree to fully cooperate to complete the exchange. Seller hereunder desires to exchange, for other property of like kind and qualifying use within the meaning of Section 1031 of the Internal Revenue Code of 1986, as amended and the Regulations promulgated there under, fee title in the property which is the subject of this Contract. Seller expressly reserves the right to assign its rights, but not its obligations, hereunder to a Qualified Intermediary as provided in IRC Reg. 1.1031(k)-1(g)(4) on or before the closing date. mike@wheelerauctions.com
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15. MISCELLANEOUS: (a) Jurisdiction. This agreement shall be construed in accordance with the laws of the State of Missouri. Any provision of this Agreement which is unenforceable or invalid, or the inclusion of which would affect the validity, legality, or enforcement of this Agreement shall be of no effect, but all the remaining provisions of the Agreement shall remain in full force and effect. (b) Entire Agreement. This Agreement contains the entire agreement of the parties and no representations, warranties or agreements have been made by either of the parties except as set forth in this Agreement. (c) Heirs, Successors and Assigns. This Agreement shall inure to the benefit of and shall be binding upon the Seller and Purchaser and their respective heirs, successors, and permitted assigns, provided, however, that Purchaser may not assign its rights or obligations hereunder without the prior written consent of the Seller. (d) Time is Of the Essence. The time for performance of the obligations of this Agreement is of the essence. (e) Notice. All notices shall be in writing and shall be deemed to have been properly delivered as of the time of delivery if personally delivered or as of the time deposited in the mail systems if sent by United States certified mail, return receipt requested, and postage prepaid. 16. FSA/NRCS: Seller is obligated to maintain (if any) the current FSA Program and Basis on the above listed real estate. Buyer agrees to the division of FSA Program data as a percent of cropland acres per tract. Buyer assumes the responsibility of any and all FSA or NRCS Programs currently in place. Buyer will be required to maintain and comply with FSA regulations of the CRP contracts if any. This farm currently has no CRP contracts. 17. Tenant Rights: Present tenant’s rights prevail if any. 18. SPECIAL AGREEMENTS (if any): No tenant agreements are in place for 2019. Immediate possession will be granted at contract signing. The two homes are livable however repair is in order and they both sell as is-where is.
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IN WITNESS WHEREOF, the parties have executed this Agreement in three counterparts, each of which shall be deemed an original instrument, as of the day, month and year first above written.
SELLER:
PURCHASER:
Brian Haase
____________________________
____________________________
____________________________
Colette Rodenberg
____________________________
____________________________
____________________________
Ardith Dieckmann ____________________________ Old Santa Fe Trail Rd. Napoleon, MO 64074
Address _____________________ ____________________________ ____________________________ City, State, Zip ________________ ____________________________ ____________________________
Date ________________________
Phone _______________________
Truman Title Company., Inc 545 South 13 Highway Lexington, MO P: 660-259-4631 F: 660-259-3142 Amber Taylor ataylor@trumantitle.com
Email ________________________ Lender Contact ________________ ____________________________ ____________________________
mike@wheelerauctions.com
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