Prospectus for 11-4-2013 Pollard Real Estate Auction, Lawson, MO

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For Sale Information Contact Mike Williams 816-797-5450 www.wheelerauctions.com [email protected] 3 Tracts 179 + acres (153+ tillable) PROPERTY LOCATION & SALE SITE ree miles east of Lawson, MO on High- way D and ½ mile south on Highway C - or - Four miles east of Excelsior Springs, MO on Highway 10 and six miles north on High- way M which runs into Highway C to the Farm. Seller: ALMA C. POLLARD ESTATE This Farm has been in the Pollard Family 100 Years! Ian & Martha Pollard, Dale & Connie Pollard, Vicki Pollard & Zina K. Bush Township 53 North - Range 29 West - Section 3 TRACT 1 34 acres + FSA 31 tillable TRACT 2 49 acres + FSA 43 tillable TRACT 3 96 acres + FSA 79 tillable

description

Ray County Land Auction. 179± Acres (153± Tillable) offered in Three (3) Tracts (34±, 49± & 96± Acres). Small House, Nice Machine Shed, Cattle-tight fencing. Currently in Pasture & Hay Ground, Terraced, Lays well, Highly-Tillable. Township 53 North – Range 29 West – Section 3.

Transcript of Prospectus for 11-4-2013 Pollard Real Estate Auction, Lawson, MO

Page 1: Prospectus for 11-4-2013 Pollard Real Estate Auction, Lawson, MO

For Sale Information Contact

Mike Williams816-797-5450

www.wheelerauctions.com • [email protected]

3 Tracts • 179 + acres (153+ tillable)and uction

LAWSON, MO • 11:00 amProPerty

Location &SaLe Site

Three miles east of Lawson, Mo on High-way D and ½ mile south on Highway c - or - Four miles east of excelsior Springs, Mo on Highway 10 and six miles north on High-way M which runs into Highway c to the

Farm.

Seller:

aLMa c. PoLLarD eState

This Farm has been

in the Pollard Family

100 Years!

ian & Martha Pollard, Dale & connie Pollard, Vicki Pollard & Zina K. Bush

Township 53 North - Range 29 West - Section 3 tract 1

34 acres + FSa 31 tillable

tract 2

49 acres + FSa 43 tillable

tract 3

96 acres + FSa 79 tillable

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taBLe oF contentS

auction information and notes ................................................................................4

auction terms and conditions .................................................................................5

tract Map ...................................................................................................................6

tract Descriptions ................................................................................................. 7-9

Plat Map ...................................................................................................................10

assessors Map ..........................................................................................................10

Soil Map ...................................................................................................................11

Soil type Summary .................................................................................................11

FSa Map ..................................................................................................................12

Photo Gallery ..................................................................................................... 13-16

auction Sale contract ....................................................................................... 17-20

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aUction inForMation & noteS

For Sale Information Contact: Wheeler Auction Representative,

Mike Williams • [email protected] • Website: www.wheelerauctions.com

SALE DAY CELL PHONESChas Wheeler 573-473-2508 • Mike Williams 816-797-5450 • Charlie Nordwald 636-795-4552

• Clint Youse 660-651-4779 • Sonny Ketchum 523-721-2021

• NoBuyersPremiumatthisauction•Farmissoldwithconfirmationofbidpricebythesellers.• Paidtaxesfor2012total$1,300.91-Sellerwillpaythe2013Taxes•LawsonSchoolDistrict• Noappliancessellwiththehouse•500gallonpropanetankwillbesoldimmediatelyfollowingthelandauction. ThetankwillstaywiththehouseuntilDecember31,2013oruntilthecurrenthometenantmovesfromthehome.• PropertyisservicedbyFarmersElectricCo-op•WaterisfurnishedbyRayCountyPublicWaterDistrict#1• Barnroofwasrecentlynailed,screwsputinplaceandpainted•Homehascentralairandpropaneheat• SepticsystemisdrainedtothesoutheastpastureallcontainedonTract1.Thereisnoseptictankorlateralscurrentlyinplace.

yard Sale of Personal Property:AnopenhouseandliquidationbyprivatetreatyofthePollardpersonaleffects,household,toolsandsomeantiquefarmequipment,willbeheldonSaturday,October12,2013from10a.m.to2p.m.Thisisthedes-ignatedtimetolookthroughthehome,anddrivethepropertyforafullviewoftheland,itsboundaries,andattributes.Afewpersonalpropertyitemswillbepre-pricedwiththebalancesoldonafirstcome-firstservebasis,whereyouwillmakeanofferandbuytheitemoritems.Thisiscashandcarry,socomepreparedtoloadyourpick-up,trailerorcar.Specialnote,thisisaninformalanduniquewaytoliquidateproperty,sotakeadvantage!Youneverknowwhattreasuresyoumayfind.

Viewing by appointment: Youmaydrivethispropertyatyourleisureonotherdaysbutpleaseremembertherearecattleinthepastures,socloseandlockallgates.Leavethepropertyasyoufoundit.Thehousemaybeshownatothertimesbyappointmentonly.CallMikeWilliams(816-797-5450)toscheduleanappointment.

auction Procedure: WewillsellTract1asastand-alonetractandTract2and3soldchoiceandbytheacrewiththeoptionattheauctioneersandbuyersdiscretiontotiethetractstogether.WearelikelytobegintheauctionwithTracts2and3inthebiddingprocessandfinishthesalebyofferingTract1.

contracts: Wewillwritecontractsimmediatelyfollowingtheconclusionoftheauction.Down Payment: 10%non-refundabledownpaymentisdueatthesigningofthecontract.YOURBIDDINGISNOTCON-TINGENTONFINANCINGandtheescrowmoneywillbepayabletoandheldbyGarner-McCalleyAbstractandTitleCompany

tenant rights: prevailfor2013andtherearenotenantrightsinplacefor2014.ThecurrentfarmgroundandhomerenterhaveuntilDecember31,2013tomovethecattleandvacatethehome.Bothtenantswouldliketosubmitofferstothenewbuyer(s)foranopportunitytoremainastenantsonthisproperty,shouldthatdeemfeasibleforthebuyer(s).

closing:onorbeforeWednesday,December4,2013attheofficeofGarner-McCalleyAbstractandTitleCompany.Possessionwillbegivenatclosingsubjecttothestatedtenantrights.

taxes:Alltaxesfor2012arepaidandthe2013taxeswillbepayedbytheseller.Thebuyerorbuyerswillberesponsibleforthe2014taxesandbeyond.

tracts:CompletetractinformationislistedwitheachTractDescription,Photos,andMapSurveyor:M&MLandSurvey,Mr.TerryMcCanless,(cell#816-506-6226;email:[email protected])willsurveyanytractortractsnecessarytofacilitatethelegalsandoracreagenecessaryfortheclosinganddeedtransfer.Anysurveyworkwillbepaidforbythesellerandatthediscretionoftheseller.

aUctioneerS note:Wheeler Auction and Real Estate is honored to participate in the selling of the Pollard farm which has not been available to the buying public for over 100 years. Joe and Alma Pollard were ahead of their time as crop farm-ers, animal husbandry caretakers and conservationists. The farm, although having been placed back in pasture a number of years ago, is fenced, fertile, terraced and has abundant water for livestock or back to row crops. The location is outstanding with ½ mile frontage on HWY C and ½ mile frontage on the north along 190th Street. Please join us at the Open House on October 12 or sale day November 4 when this historic farm sells.The Pollard family will all be on hand and look forward to visiting with friends, neighbors and prospective buyers. Chas and Mike

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aUction terMS & conDitionSProcedure: PropertywillbeofferedChoiceonTracts#2&#3.Buyerwillhavetheoptiontotakeeithertractorbothtractsforthebidprice.Tract#1willbeofferedlastasastand-alonesale.Down Payment:Tenpercent(10%)downpaymentthedayofauction,uponsigningapurchaseagreementimme-diatelyfollowingthecloseofbidding.Thedownpaymentmaybepaidintheformofpersonalcheck,businesscheck,orcashierscheck.Theremainderofthepurchasepriceispayableatclosingwithin30days.yoUr BiDDinG iS not conDitionaL UPon FinancinG,besureyouhavearrangedfinancing,ifneeded,andarecapableofpayingthebalanceatclosing.Title: Sellersshallprovideandexecuteaproperdeedconveyingtherealestatetothebuyer(s).Sellertopayfortitleinsurance.Possession:PossessionwillbegivenatclosingbuttenantrightsonthepastureandhomeprevailthruDecember31,2013.Notenantrightsfor2014. Real Estate Taxes: Therealestatetaxesfortheyear2013willbepaidbytheseller.The2014taxesaretheresponsi-bilityofthebuyerorbuyers.Mineral Rights: Thesaleshallinclude100%ofthemineralrightsownedbythesellers.Easements:Saleofthepropertyissubjecttoanyandalleasementsofrecord.Acreage:Allacreageisapproximateandhasbeenestimatedbasedoncurrentlegaldescriptionsand/oraerialphotos.Survey: Anyneedforasurveyshallbedeterminedsolelybythesellers.Atsellers’option,sellersshallprovideasurveyforanyparcelwherethereisnoexistinglegaldescriptionorwherethetractdivisionscreatenewboundaries.Closingpricesshallbeadjustedtoreflectanydifferencebetweenadvertisedandsurveyedacres.Ifasurveyisrequiredthesurveywillbepaidforbytheseller.Closing: AnticipatedclosingdateshallbeonorbeforeWednesday,December4,,2013orondatemutuallyagreeduponbetweenthebuyer(s)andthesellersconductedattheofficeofGarner-McCalleyAbstract&TitleCompany,Rich-mond,MO.Mr.MikeMcCalley,816-776-2338.Agency: WheelerAuctions&RealEstateanditsrepresentativesareExclusiveAgentsforthesellers.Disclaimer: Thepropertyisbeingsoldonan“asis,whereis”basis,andnowarrantyorrepresentation,eitherexpressorimplied,concerningthepropertyismadebyeitherthesellersortheauctioncompany.Eachbidderisresponsibleforconductingitsownindependentinspections,investigations,andallduediligenceconcerningthepropertyandtheauction.Informationcontainedinthisbrochureissubjecttoverificationbyallpartiesrelyingonit.Diagrams/di-mensionsinthisbrochureareapproximate.Acreageisestimated.Allinformationcontainedinthisbrochureandanyrelatedmaterialsaresubjecttothetermsandconditionsofsaleoutlinedinthepurchasecontract.Auctionconductandbiddingincrementsareatthesoledirectionanddiscretionoftheauctioneer.Alldecisionsoftheauctioneerarefinal.ThesellersandtheAuctionCompanyreservetherighttoprecludeanyonefrombiddingifthereisaquestionastotheperson’scredentials,fitness,intent,etc.

New Data, Corrections and Changes: Please arrive prior to scheduled auction time to inspect any chang-es, 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.

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tract MaPPollard Farm ~ ray county

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tract #1tract 1 Thehomesteadsetson34acresm/lwithFSAcalling31.19tillable.Thistracthasasmall836sq.

ft.homewithfullbasementandattached16x22footgarage. Centralairandpropaneheataccommodate thishome.Theseptic systemworksfinebut

onlyconsistsoffreeflowdrainagetotheadjoiningpastureorcropland. Anicepondwithstockwater tankservices the livestock.Thelargemachineshedwitha

smallerdairybarnsetonthefarmsteadofTract1. Roadfrontageis¼MileofHWYContheWestandapproximately300yardsoffrontageon

190thStreettothenorth.MaturetreesandwindbreakmaketheexistinghouselocationidealforanewhomeaswellastheNorthwestcornerofthistract.

Tract#1offersmanysub-divisionopportunities.Thelandcanbeputinrowcropsorleftinpastureforcowsandhorses.

Tract 1 is an exciting piece of ground as it offers convenience and a size that is both affordable and imaginative for any prospective buyer.

Pollard home on Tract #1

North Tract #1 along C Highway

Tract #1 pasture and farmstead

Southeast from home on Tract #1

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tract 2 This49-acrem/ltractwhichFSAcalls43.35tillableisterraced,hasanicepondandstockwa-terer.Aswiththerestofthisfarm,thefencesarecattle-tightandthisisalsowhereJoePollardgrewhisfirst60bushelwheat,whichwashighlyunusualforthatareaintheearly1950’s.Wellover¼mileoffrontageon190thStreetandjustoffHighwayCmakesthisasuperblocationandcertainlygreataccess.Numeroushome-buildingsitesareavailablewiththistractandwhetherapotentialbuyertakestheentirenorth83acresortiesitwiththesouth96acresintract3,youhavetop-qualitytillableacresthatallfitwithgatewayaccesstoanyotherpartofthefarm.

A highly-thought-of official in Ray County, and one that is very familiar with this area, said that this Pollard Farm “is one of the best in the Lawson area”. The fact that it has not been available since 1913 should deem it fit for a strong look if you have an inclination to buy quality land.

tract #2

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tract #3

tract 3 96acresm/lwithFSAtillableat78.23hasthistractinalargeofferingtogoeitherwayassomecropsandsomehigh-qualitypastureandhayground.Againthefencesandpondsaretopsandthebehind-the-damsstockwaterersareabonus.Deerandturkeyareanaddedfeatureforthefarmer/hunterthatdoesn’twanttogofartobagsomegame.Tract2and3willbesold“Choice”withthebuyer’soptiontotakeeitheroneorbothtracts.

Well over ¼ mile of blacktop frontage along Highway C makes it accessible and again there are home sites over this tract that should please anyone wishing to build in the country.

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aSSeSSor’S MaP

PLat MaP

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Pollard Farm Soil Mapand Soil type Summary

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FSa MaP

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PHoto GaLLery

Tracts #2 & #3

Tracts #2 & #1 looking west toward Highway C

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Gateway from Tract #2 into Tract #3

Tract #3

Tract #2

Pond on Tract #3

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Gate to fenced pond on Tract #3

Stock waterers behind ponds on each tract

Tract #3

Tract #3

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Tract #1Home and Farmstead

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aGreeMent to PUrcHaSe reaL eState atPUBLic aUction

THISAGREEMENTTOPURCHASEREALESTATEATPUBLICAUCTION(latercalledthe“Agreement”),madeandenteredintoasofthis4thdayofNovember,2013byandbetweenIanPollard,DalePollard,VickiPollard,andZinaK.Bush(collectivelylatercalledthe“Seller”),and__________________________________________________________(latercalledthe“Purchaser”),asthehighestbidderontheproperty(asdefinedinParagraph1)atthepublicauctiononthisdate(the“Auction”),ismadesubjecttothefollowingterms,covenantsandconditions:

1.PROPERTY:SelleragreestosellandPurchaseragreestopurchase_______tract(s)withapproximately___________totalacresofrealestatesituatedinRayCounty,Missouri. PurchaserherebyacknowledgesandunderstandsthatthePropertyisbeingsoldonan“asiswhereis”basis.PurchaserfurtheracknowledgethatthisAgreementisnotcontingentuponfinancingandthatfailuretoclosethistransactiononorbeforeWednesday,December4,20138duetoanydelaycausedbyPurchasershallconstituteaforfeitureoftheEarnestMoney.

2.PURCHASEPRICE:PurchaseragreestopaytotheSellerthetotalsumof___________________________________________________________(the“purchaseprice”)subjecttoacreagedeterminationbysurvey.Purchasepriceisfiguredfrom_____________________________________________

Uponexecutionofthisagreement,thePurchaserwillpaybycheckandnotincash_________________________________________________________(whichamountisequaltotenpercent(10%)ofthePurchasePriceasEarnestMoneymadepayabletoandtobeheldintheescrowaccountofGarner-McCalleyAbstract&TitleCompany,Richmond,MOasescrowagent,thereunderfordeliverytotheSelleratthetimeofclosingorasotherwiseprovidedforherein.

ThebalanceofthePurchasePriceshallbepaidbyPurchasertotheSelleratclosingincashorformofpaymentaccept-abletotheSeller.

3.TITLE:SellershallfurnishPurchaserwithanOwnersTitleInsuranceCommitment(TitleCommitment),issuedbyGarner-McCalleyAbstractandTitleCompanypaidforbyseller.TheTitleCommitmentshallcommitthesubjecttitlecompanytoissuePurchaseritsstandardowner’spolicyintheamountofthepurchaseprice,showingtitletotheProp-ertyinthenameoftheSeller.IntheeventthattheSellerisunabletoconveythePropertyinaccordancewiththetermsofthisagreement,Purchasershallelecttoeither(a)takethePropertyencumberedwiththeobjectionableexceptionstothetitleandwaiveanyandallobjectionstheretowithoutabatementofthePurchasePrice,or(b)receivearefundoftheEarnestMoney,anduponsuchrefundbeingmade,thisAgreementshallterminateandbeofnofurtherforceandeffect.

4.SURVEY:Ifsurveyisnecessary,surveyshallbeprovidedattheseller’sexpense, anewsurveyreflectingthelegaldescription,acreageandboundarylinesforanyTractofthePropertywherethereisnoexistinglegaldescriptionorwherenewboundariesarecreatedbythedivisionsofTractsattheAuction.AnyneedforasurveyshallbedeterminedatthesolediscretionoftheSeller.IfanewsurveyisdeterminedtobenecessarybytheSeller,thePurchasePriceshallbeadjustedtoreflectanydifferencebetweenthebidacreageandthesurveyedacreage.Purchaserwillthenhaveare-visedPurchasePricecalculatedbyMultiplyingthesurveyedacreagebytheactualPurchasePriceperAcreindicatedinParagraph2.

5.CLOSINGANDPOSSESSION:The“Closing”shalltakeplaceonorbeforeWednesday,December4,2013,attheofficeofGarner-McCalleyAbstract&TitleCo.,Westsideofthesquare,Richmond,MOandatatimedesignatedbytheSellerandagreeduponbyPurchaser.ConcurrentlywiththeClosing,PurchasershallpaytotheSellerthePurchasePrice,lesstheEarnestMoneyasprovidedforherein.UponfullreceiptoftheentirePurchasePricebySeller,SellershalldelivertoPurchaserspecialwarrantydeedsfromeachsellingentityconveyingtitleinthepropertytothePurchaser.PurchasershallpaythechargeforrecordingtheDeed.SellerandPurchaseragreetoexecuteanyrealestatetransferdec-larationsrequiredbythestate,countyormunicipalityinwhichthePropertyislocated.TheSellerandPurchaseragreetoprovideandtoexecutesuchfurtherdocumentsasmaybenecessaryorcustomarytoclosethisAgreement(e.g.,SellerAffidavit;FITPTAAffidavit;Organizationaldocumentsandclosingstatement)andequallyforclosingcosts.PurchasershallbeentitledtopossessionofthepropertyontheClosingdate.

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6.CASUALTY:SellerwillkeepthePropertyandImprovementsinsureduntilclosing.Iftheimprovementsontheprop-ertyaresubstantiallydamagedordestroyedbyfireorothercasualtypriortoclosing,thenBuyerwillhavetheoptionofacceptingalloftheinsuranceproceedsandproceedingtoclosethisAgreement,orterminatingthisAgreement.IfthisAgreementisterminatedduetothisparagraphthentheearnestmoneywillbereturnedtotheBuyer.

7.WARRANTIES:PurchaseracknowledgesthatPurchaserhasbeengivenanopportunityforafullinspectionofthepropertyandrelatedinformationandfurtheracknowledgeswithrespecttothisagreementthatPurchaserissatisfiedinallrespectswiththeconditionofthePropertyandallmatterspertainingthereto.PurchaseracceptstheProperty“asis”andinitspresentconditionwithPurchaserassumingriskthereof.PurchaserunderstandsthatSellermakesnowarrantyorrepresentationofanykind,eitherimpliedorexpressedorarisingbyparticularpurposeofthePropertyoranyportionthereof,andinnoeventshallSellerbeliableforconsequentialdamages.PurchaseracknowledgesthatSellerhasnotagreedtoperformanyworkonoraboutthePropertyasaconditionofPurchaser’spurchaseofit.

8.MINERALRIGHTS:Onehundredpercent(100%)ofthemineralrightsownedbySellerwithrespecttotheProperty,ifany,shallbeconveyedtoPurchaseratClosing.

9.REALESTATETAXESANDASSESSMENTS: RealEstatetaxesforthecalendaryear2013shallbepaidbyseller.PurchasershallassumeandpayrealestatetaxesforthePropertyforallperiodsthereafter.

10.DEFAULT:IfPurchaserfailstoperformanyobligationimposedbythisAgreement,SellermayservewrittennoticeofdefaultuponPurchaserandifsuchdefaultisnotcorrectedwithinten(10)daysthereafter,then,attheoptionoftheSeller, thisAgreementshall terminateandtheSellershallbeentitledtoretaintheEarnestMoneypaidhereunderasliquidateddamages.TheforegoingremedyintheeventofdefaultisnotintendedtobetheexclusiveremedyofSeller,andSellershallhavetherighttoseekanyotherremediesavailableatlaworequity,includingbutnotlimitedtospecificperformance.DefaultbyPurchasershallentitleSellertocourtcostsandreasonableattorney’sfeesincurredinenforcingtheprovisionofthisAgreement.

IntheeventoffailureofSellertoperformtheobligationsimposedbythisAgreement,Purchaser’ssoleremedyhereunderistoterminatethisAgreementandreceivearefundoftheEarnestMoneyuponsimilarnoticeserveduponSellerandsimilarexpirationtimeperiod.

TheEscrowAgent,uponreceivinganaffidavitfromthenon-defaultingpartystatingthatthisAgreementhasbeentermi-natedasprovidedherein,shallbeentitledtorelyuponsuchaffidavitandshalldelivertheearnestmoneytothenon-de-faultingparty.

11.ENVIRONMENTAL:ThePurchaseracknowledgesthattheSellerhasnotmadeandherebydisclaimsanyandallrepresentationsandwarranties,eitherexpressorimplied,regardingtheenvironmentalconditionoftheProperty.ThePurchasershallrelyuponitsownindependentinvestigation,inspection,inquiry,analysis,andduediligencetoevacuateandascertaintheenvironmentalconditionoftheProperty.ThePurchaserhasbeenadvisedthatthePropertyisbeingsold“asis,whereis”andthatSellerisnotrepresentingorwarrantingthattheconditionofthePropertyisinaccordanceorcompliancewithanypast,present,orfuturefederal,stateorlocalenvironmentallaws,regulations,requirements,orstandards.

Asamatterofcorporatepolicy,SellermakesitapracticetoexpresslyadviseanypurchaserthattheimprovementsonthePropertyincludematerials,whichmaycontainasbestos,andencouragesPurchasertoinvestigatespecificallywhetherasbestoscontainingmaterialsexistontheProperty.

12.PROVISIONSRELATINGSPECIALLYTOSELLER/TRUST/TRUSTEES/EXECUTORANDTHEIRRESPECTIVESPECIALCIRCUMSTANCES:Trustee/ExecutorDisclaimer.EachfiduciarycomprisingSellerexecutesthisinstrumentonlyinitsrepresentativecapacityandshallnotbeboundorobligatedhereunderexceptinsuchcapacity. PurchaseracknowledgesandagreesthatthisAgreementismadebysuchfiduciariessolelyintheirfiduciarycapacityasdescribedinthesignaturesaffixedhereto,andthatsuchfiduciariesshallnotbeliableforanybreachoranyfailuretoperformanyobligationunderthisAgreementexceptfromassetsheldinthefiduciarycapacitydescribed.

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13.PROVISIONSRELATINGTOTHEAUCTIONCOMPANY/AUCTIONEER/BROKERS/FINDERS/AGENTS:(a)ThisAgreementissolelybetweenSellerandPurchaser.WheelerAuctions&RealEstate,L.L.C.(the“AuctionCom-pany”)anditslicensedauctioneersareemployedbytheSeller.TheAuctionCompanyanditsauctioneersshallnotbeliableforanypatentorlatentdefectsordeficienciesexistingintheProperty,improvementsorotherappurtenantstruc-turesthereon,norforanyinformationprovidedtothePurchaser.ThePurchaseracknowledgesthatithasconducteditsownindependentinvestigations,inspections,inquiriesandduediligenceconcerningtheProperty.

(b)Commission.NotwithstandinganyotherprovisionsofthisAgreement,therighttocommission,ifany,payabletoanyagentrepresentingeitherpartytothisAgreementshallnotvestuntilthetransactionisclosed,andshallbepayableonlyoutofproceedsofclosingandsaidagentshallhaveequalrighttoanyportionofEarnestMoneyforfeitures.

14.IRS1031TAXEXCHANGEDECLARATION(Optional):Itisagreedbetweenthepurchaser(s)andseller(s)thatamaterialpartoftheconsiderationtothePurchasersforpur-chasingisthatthePurchaserhastheoptiontoqualifythistransactionaspartofatax-deferredexchangeunderSection1031oftheInternalRevenueCodeof1986asamended.SellersagreethatPurchasermayassignthisAgreementtoanexchangeintermediaryofPurchaserschoice.Purchaseragreesthatanyandalladditionalexpense,ifany,shallbebornebyPurchaserandSellersagreetofullycooperatetocompletetheexchange.

Sellerhereunderdesirestoexchange,forotherpropertyoflikekindandqualifyingusewithinthemeaningofSection1031oftheInternalRevenueCodeof1986,asamendedandtheRegulationspromulgatedthereunder,feetitleinthepropertywhichisthesubjectofthisContract.Sellerexpresslyreservestherighttoassignitsrights,butnotitsobliga-tions,hereundertoaQualifiedIntermediaryasprovidedinIRCReg.1.1031(k)-1(g)(4)onorbeforetheclosingdate.

15.MISCELLANEOUS:(a)Jurisdiction.ThisagreementshallbeconstruedinaccordancewiththelawsoftheStateofMissouri.AnyprovisionofthisAgreementwhichisunenforceableorinvalid,ortheinclusionofwhichwouldaffectthevalidity,legality,oren-forcementofthisAgreementshallbeofnoeffect,butalltheremainingprovisionsoftheAgreementshallremaininfullforceandeffect.

(b)EntireAgreement.ThisAgreementcontainstheentireagreementofthepartiesandnorepresentations,warrantiesoragreementshavebeenmadebyeitherofthepartiesexceptassetforthinthisAgreement.

(c)Heirs,SuccessorsandAssigns.ThisAgreementshallensuretothebenefitofandshallbebindingupontheSellerandPurchaserandtheirrespectiveheirs,successors,andpermittedassigns,provided,however,thatPurchasermaynotassignitsrightsorobligationshereunderwithoutthepriorwrittenconsentoftheSeller.

(d)TimeisOftheEssence.ThetimeforperformanceoftheobligationsofthisAgreementisoftheessence.

(e)Notice.AllnoticesshallbeinwritingandshallbedeemedtohavebeenproperlydeliveredasofthetimeofdeliveryifpersonallydeliveredorasofthetimedepositedinthemailsystemsifsentbyUnitedStatescertifiedmail,returnreceiptrequested,andpostageprepaid.

16.FSA/NRCS:Sellerisobligatedtomaintain(ifany)thecurrentFSAProgramandBasisontheabovelistedrealestate.BuyeragreestothedivisionofFSAProgramdataasapercentofcroplandacrespertract.Buyerassumestheresponsi-bilityofanyandallFSAorNRCSProgramscurrentlyinplace.BuyerwillberequiredtomaintainandcomplywithFSAregulationsoftheCRPcontract.

17.TenantRights:Presenttenant’srightsprevailifany.

18.SPECIALAGREEMENTS(ifany)CurrenthometenanthasuntilDec.31,2013tovacatethehome.CurrentlandtenanthasuntilDecember31,2013toremovealllivestockandhislivestockequipment.

The500gallonpropanetankmuststaywiththehomeuntilDecember31,2013oruntilthehometenantvacatestheproperty.

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INWITNESSWHEREOF,thepartieshaveexecutedthisAgreementinthreecounterparts,eachofwhichshallbedeemedanoriginalinstrument,asoftheday,monthandyearfirstabovewritten.

SeLLerS: Signatures:

IanPollard _________________________________

DalePollard _________________________________

VickiPollard _________________________________

ZinaK.Bush _________________________________

Date: ___________________________

PUrcHaSer:

____________________________________________

____________________________________________

____________________________________________

Address_______________________________________

_____________________________________________

City,State,Zip_________________________________

_____________________________________________

E-mail________________________________________

Phone________________________________________

LenderContact:___________________________________________

title company information:Garner-McCalleyAbstract&TitleCompanyWestSideoftheSquareRichmond,MO64085Mr.MikeMcCalley•816-776-2338•[email protected]