Pike County, MO Real Estate & Personal Property Auction

For more information call Charlie Nordwald

636-795-4552.

Selling 551.2 total surveyed acres offered in 11 tract and is the Ernest J. Schaller Estate and

Helen M. Schaller Estate. The Schaller Farm is located on the very northeast corner

of Eolia, MO in Township 52 N, Range 1W, Sections 22 and 27 in Pike County, MO

with frontage on Hwy H, Hwy D and Pike County Rd 225.

SATURDAY, APRIL 9, 2016 AT 10 AM The auction will start at 10AM selling household, antique items, shop tools and misc,

then at 12 noon we will offer the real estate, then start back on the tractors, farm equipment,

and vehicles, and then finish up on remaining items.

AUCTION & PROPERTY LOCATION: 25511 Highway H, Eolia, MO 63344 (From Hwy 61 Eolia exit, turn

into the town of Eolia on Main Street (Hwy D) and continue 1.5 miles to the north edge of Eolia, at

the junction of Hwy D & H, turn right onto Hwy H and go 1/2 mile east to homestead on right)

SELLERS: Helen Schaller Estate, Mary Murray and Kathy Burdess Co-Personal Representatives and Ernest Schaller Testamentary Trust,

Melvin Faber, Testamentary Trustee

PRE-AUCTION REAL ESTATE VIEWING

Monday, March 21 from 2 PM to 4 PM Wheeler Auction Sales representative will be available at the Schaller homestead

to answer questions about the property and the auction method.

Tract 1: 99.8 acres that lie on the east side of the farm on the north side of Hwy H.

Pike County Rd 227 runs all along the east side of this tract. It is primarily wooded

with some open areas on the eastern half. The open area is in permanent pasture.

Tract 2: 127.6 acres and is the largest of the 11 tracts. It is bordered on the south

side by Hwy H and the north side by Hwy D. It is approximately half wooded with

the balance being in permanent pasture. There is also a nice size, stocked, pond

on this tract.

Tract 3: 79.3 acres that lie north of Hwy H. This tract is nearly 3/4 open and

currently in grass for pasture and hay production.

These three tracts work great as individual tracts with each having their own

access but also would work well in combination with each other or as a

whole with the tracts across the highway.

Tract 4: Consists of 12 acres in the City Limits of Eolia. This tract has several large

farm related, pole frame livestock/machinery buildings in the northwest corner of

the property just off Hwy H. It has frontage on the north end on Hwy H and on the

south it fronts Pike County 225. There are a few scattered trees with the balance

being in permanent grass. (We have a copy of the restrictions for the Village of Eo-

lia available that would apply to this Tract 4.)

Tract 5: 18.5 acres with frontage on Hwy H and is basically all open with just a few

scattered trees. It is currently used for pasture.

Tract 6: 35.4 acres with frontage on Hwy H along the north end and wraps around

the house tract on the west and south side of Tract 11. This tract is over half open

with the balance being in woods and draws and is currently being used for pasture.

Selling 551.2 total surveyed acres offered in 11 tract and is the Ernest J. Schaller Estate and Helen M. Schaller Estate. The Schaller Farm is located on the very northeast corner of Eolia, MO in Township 52 N,

Range 1W, Sections 22 and 27 in Pike County, MO with frontage on Hwy H, Hwy D and Pike County Rd 225.

Pike County, MO Real Estate & Personal Property Auction

AUCTION & PROPERTY LOCATION: 25511 Highway H, Eolia, MO 63344 (From Hwy 61 Eolia exit, turn into the town of Eolia on Main Street (Hwy D) and continue 1.5 miles to the north edge of Eolia, at the junction of Hwy D & H,

turn right onto Hwy H and go 1/2 mile east to homestead on right)

Tract 7: 21.8 acres with frontage on its south side off Pike County Rd 225. It is

virtually all open and currently in grass and being used for cow pasture.

Tract 8: 17.2 acres with frontage on Pike County Rd 225. It is open on the south

end with some woods along the north side and it is currently being used for per-

manent pasture.

Tract 9: 25.2 acres that lie in the southeast corner of the farm, it has frontage

along the south side on Pike County Rd 225. It is open on the west side and the

east side with a strip of woods through the middle. This tract is currently being

used for pasture.

Tract 10: 106.6 acres with this being one of the larger tracts, has frontage along

the north side on Hwy H. It has a patch of woods along the east side that runs out

through the middle of the tract, the largest portion of this piece is open and cur-

rently being used for cattle pasture.

Tract 11: The Schaller Homestead at 25511 Hwy H, Eolia, MO 63344. This tract

consists of 7.8 acres and the primary dwelling which is a 2,798 sq ft, 1 ½ story

brick home with a three car attached garage. The home has brick and siding ex-

terior, a shingle roof, and aluminum storm windows. The main floor of the house

has 2 bedrooms with the original oak hardwood floors, a full bath, large living

room, large family room with a stone fireplace with wood burning insert, and

kitchen. The kitchen has a refrigerator, stove, and large pantry. The upstairs has

2 large rooms, a full bath, and storage areas out over the eves. The upstairs is ac-

cessed by the original beautiful oak stairway and knotty pine paneling. The home

also has a full poured concrete basement, with walk out door, and bathroom.

Other improvements include a deep well with an insulated brick pump house, a

large 30’ X 95’ livestock/machine shed, that is open to the south, a 45’ X 60’ live-

stock/machine shed, a Morton 24’ X 21’ building that is being used as farm shop

and is wired with 110 and 220 volt electric and has a concrete floor. One addition-

al large pole frame machine shed and various other size outbuildings.

The property has just been surveyed so the acreages are actual and out bounda-

ries have been identified. The property all lies in the Clopton R-3 School district.

Real Estate (continued)

SELLERS: Helen Schaller Estate, Mary Murray and Kathy Burdess

Co-Personal Representatives and Ernest Schaller Testamentary Trust,

Melvin Faber, Testamentary Trustee

Attorney for the trust is Jim Burlison with McIlroy & Millan, 1220 West Church Street, Bowling Green, MO 63334 , 573-324-3351.

NOTE: Tracts 1 thru 10 will be sold by the acre using the choice

method. Tract 11 will be sold on a stand alone basis.

PERSONAL PROPERTY HOUSEHOLD FURNITURE:

Walnut glass front display case w/sliding doors Walnut 2 piece bedroom set, double bed, dress-er w/mirror Maple desk Living room sofa 4 Living room chairs 2 New Oak glass front book cases Piano cabinet, cut down for table 30” x 80” w/acorn legs 2 Cane bottom chairs Oak office swivel chair Enamel top table w/drawer Wood dining table w/4 chairs Brass bed Iron bed 6 Wooden straight back chairs, various patterns Small wooden table Wicker rocking chair 2 Upholstered chairs, need repair Walnut wardrobe Waterfall cedar chest Maytag washer & electric dryer 2 Wringer washers Microwave Table lamps Kirby vacuum cleaner w/attachments ANTIQUES & COLLECTIBLES: Approx 40 tea cups & saucers Press glass butter dish w/acid edged elephant Lot of Press glass dishes Royal Blue set of pitcher & 6 glasses Meakin tea leaf butter dish J. G. Meakin water pitcher Flow blue porcelain covered bowl, handle broken off Meakin china pitcher & bowl set, do not match 8 pieces of Jewel Tea, some chipped 2 Cast iron kettles Ansonia mantle clock Elgin pocket watch Wall oil lamp w/reflector Old records & albums 1000s of National Geographic magazines, com-plete set Handmade quilts, pieced & embroidered Set of quilting frames Old wooden peanut box w/lid Wooden pencil box w/sliding lid Metal postal scales Approx 50 pieces of Indian artifacts, arrowheads, punches, scrapers, (some good, some broken) Approx 125 Indian artifacts, large & small axes, points, scrapers, pedestal & mortar (some good, some broken) Wooden croquet set 4 Large sulfide marbles Small pine child’s rocker w/twine bottom Wooden butter mold w/acorn design Lot of old fabric Lot quilting magazines Lot sewing boxes with contents Lot sewing supplies, thread, needles Elephant bell Lot linens Oak crucifix Ladies & men’s jewelry Small Central Dairy glass cream bottle Lot pictures w/wooden frames Granite tea kettle, blue Old bottles Salt glaze crock, 1 gallon Cow bell Small postal scale Old wooden level, small G. Parker patent 1820 cast iron match holder 4 Cream bottles Cook books Nut cracker Wards binoculars Lot of glass door knobs Oil lamp Bostrom #222 farm level in wooden box, looks like new Wooden plant stand New American #8 waffle iron Aluminum kid’s water pitcher Small 303 ammunition box Lot of old books Sea shells Stafford portable sewing machine in wooden carry case

Wooden boxes Child’s wooden toy dresser Box of buttons 3 Sets of Sleigh bells, numbered Old radios 2 Fishing rods Old drapery hardware Old guitar Wooden spring box off farm wagon seat Royal typewriter Lot of old watches, pocket watches, parts in Keen Kutter box Lot of old magazines Old manual sweeper Anniversary clock 2 BB guns, old, one Daisy Oak pedestal hall tree Old hand seeder Old tennis rackets Silver plate silverware, odd pieces Pedestal flower stand Woolen winter clothes & comforter Metal file cabinet, 2 drawers Western heritage prints Old bowling balls, pair of shoes, bowling bag Old hats Lot of cloth seed bags, white Slip cases for books, still in original boxes Old Army cot Old room rug Child’s play pen Mason jar base electric lamp Breyer toy bull Last Supper picture in bubble glass frame Match book collection Wooden doll bed Wooden scare crow decoration 3 Bisque dolls Step stool Scrap books Old greeting cards 9 Horse collars 2 Grain cradles, disassembled 2 Kerosene lanterns 2 Wooden 12 dozen egg cases Antique antifreeze tester Wrought iron baby buggy Eclipse sheep shear machine 4 Hand corn planters Cast iron cistern pump Shapleigh razor strap Wooden drill press Metal dough pan w/ lid Wooden ice chest, marked The C. Nelson Co. 5 Sifters Copper bottom tea kettle w/ lid 2 Fishing spears 4 Metal milk bottle carriers 6 Wooden barrels Metal 5 gallon U S gas can International cream separator 5-5 Wooden wash bench 4 Wooden boxes w/names on them Wooden shoe shine box w/ top handle 15 Stone crocks 30 Blue quart canning jars 2 Brass buckets w/iron bales Days Work tobacco box Hornet nest 3 Cream cans Small cream can Treadle sewing machine Wrought iron wash stand 5 Wooden planes 10 Sad irons & one handle 7 Stone crocks 2 Cast iron Enterprise stuffers w/crank & basket Wire egg basket International Harvester chest type freezer 2 Sets galvanized rinse tubs Metal candle mold Large cast iron kettle w/fire jacket 30 Gallon cast iron kettle Metal hog scalding vat 3 Soda crates Bottom of cream separator Central Beer wooden box Horse shoes for throwing Old windows Crock chicken water, top only Chicken feeder Lot of 10 empty used lubricant 5 gallon cans for Sinclair, Mobil, Imperial, Standard, City Service

Old bicycles Sessions electric clock Dinner bell

GUN: Remington 12 ga. double barrel shotgun, ham-merless

TRACTORS & FARM EQUIPMENT: 1968 Oliver 1550 gas tractor, wide front, 3 pt, dual hyds 1963 MF 35 Super Deluxe gas tractor, hyd load-er w/trip bucket Bush Hog 15’ cutter, solid tires, 540 PTO Massey Ferguson 7’ swivel blade, 3 pt MF 6’ rotary cutter, 540 PTO, 3pt NH 68 square baler, twine tie One prong sub soiler, 3 pt 2 Homemade hyd wood splitters, 3 pt IH 2 bottom pull type plows, hyd lift on rubber Portable upright concrete mixer, complete w/Wisconsin gas motor & Jaeger water pump Danuser F-8 post hole digger, 3 pt, w/12” auger JD 37 pull type sickle bar mower Brinley Cat D 1 bottom plow, 3 pt JD 2-row horse drawn planter, check wire, mark-ers Wooden seed cleaner Continental post hole digger Shepard rubber tired farm wagon w/7’ x 14’ barge box & hoist Steel wheel wagon w/antique grain box JD 640 side delivery hay rake JD single axle manure spreader, ground drive 3 pt Bale prongs Set platform scales Lots stationary burr mill, belt drive Knoedler Corn Belt burr mill, portable PTO VEHICLES & TRAILER: 2002 Dodge Caravan, cloth seats, 67,922 miles, looks good 1989 Dodge Ram Truck, 4WD, 3/4 ton, auto, shows 84,000 miles, lots of dents all over 1972 Ford Truck w/hyd dump bed 1967 Dodge Coronet 440 car, 4 door, auto. 1949 Studebaker 1 ton truck w/bed 1989 Maxwell 16’ tandem axle bumper hitch stock trailer, center gate Single axle 7’ x 14’ wooden hay trailer, no title Small metal bumper hitch utility trailer, 2 wheel, no title Small wooden 2 wheel bumper hitch utility trail-er, no title Trailer hitch

KAWASAKI MULE UTV, LAWN & GARDEN EQUIPMENT & MISC:

2015 Kawasaki 610 Mule UTV, 4WD, camo, less than 200 hrs on it, one owner JD X500 riding mower, 229 hrs, 54” cut JD LT 150 riding mower, 38” cut Poulan rear tine 5 hp garden tiller B & D rechargeable weed eater 3 Sparrow traps Live traps 2 Mechanical dollies Cattle water tank Lot Gaucho wire Pet carrier Wagon

SHOP & HAND TOOLS: Lot electrical hand tools Hand tools Wooden ladder 6 Metal school lockers Craftsman tool chest, 2 pieces Homecraft drill press Sears air compressor, tank bad Homemade table saw Work bench Lincoln 225 welder Pipe vise Bench vise Stihl 16” & 24” bar chainsaws Aluminum extension ladder 2 Wooden saw horses Lot old saw blades Lot of used nails & nuts & bolts Motor hoist Roll around cart Wooden berry boxes Wooden toolbox Nozzle for gas hose

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 remain-

der of the purchase price is payable at closing within 60 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: Buyer will be responsible for title insurance premium. Possession: Possession will be given at closing within 60 days or less.

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 on record.

Acreage: All acreage is approximate and has been estimated based on current legal de-

scriptions and/or aerial photos.

Taxes: 2016 property taxes will be pro-rated to date of closing. (2015 taxes were $1,821.62) Survey: Any need for a survey shall be determined solely by the sellers. At sellers’ expense,

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

reflect any difference between advertised and surveyed acres.

Closing: Anticipated closing date shall be on or before June 9, 2016 or on a date mutually

agreed upon between the buyer(s) and the sellers conducted at the office of Pike

County Title Co., 215 W. Church St., Bowling Green, MO, 573-324-5880.

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 rep-

resentation, 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 inde-

pendent inspections, investigations, and all due diligence concerning the property and

the auction. Information contained in this brochure is subject to verification by all par-

ties 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 auc-

tioneer. 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 per-

son’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 AN-NOUNCEMENTS AND INFORMATION GIVEN FROM THE AUCTION PODIUM SHALL TAKE

PRECEDENCE OVER PREVIOUSLY PRINTED OR STATED ADVERTISEMENT.

PLAT MAP

TRACT MAP

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 9th day of April, 2016 by and between ________________________________________________collectively later called the “Seller”), 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 tract(s) ___________ sold as a total amount and/or tract(s) ____________ sold on a per acre basis with approxi-mately _____________ total acres of real estate situated in Pike County, Missouri. Purchas-er 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 June 9, 2016 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”) subject to acreage determination by survey. 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 Pike County Title Co. as es-crow 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 Pike County Title Co, The cost of the title insurance premium will be paid by the buyer. 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 encum-bered 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: If survey is necessary, survey shall be provided at Seller’s expense a new survey reflect-

ing the legal description, acreage and boundary lines for any Tract of the Property where there is

no existing legal description or where new boundaries are created by the divisions of Tracts at the

Auction. Any need for a survey shall be determined at the sole discretion of the Seller. If a new

survey is determined to be necessary by the Seller, the Purchase Price shall be adjusted to reflect

any difference between the bid acreage and the surveyed acreage. Purchaser will then have a

revised Purchase Price calculated by Multiplying the surveyed acreage by the actual Purchase

Price per Acre indicated in Paragraph 2.

5. CLOSING AND POSSESSION: The “Closing” shall take place on or before June 9, 2016 at the of-

fice of Pike County Title Co. and at a time designated by the Seller and agreed upon by Purchas-

er. Concurrently with the Closing, Purchaser shall pay to the Seller the Purchase Price, less the Ear-

nest 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. Purchaser shall pay the charge for recording the Deed. Seller and Pur-

chaser agree to execute any real estate transfer declarations required by the state, county or mu-

nicipality in which the Property is located. The Seller and Purchaser agree to provide and to exe-

cute such further documents as may be necessary or customary to close this Agreement (e.g.,

Seller Affidavit; FITPTA Affidavit; Organizational documents and closing statement) and equally for

closing costs. Purchaser shall be entitled to possession of the property on the Closing date.

6. CASUALTY: Seller will keep the Property and Improvements insured until closing. If the improve-

ments 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 proceed-

ing 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 mat-

ters 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 represen-

tation 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 con-

dition of Purchaser’s purchase of it.

8. MINERAL RIGHTS: One hundred percent (100%) of the mineral rights owned by Seller with re-

spect to the Property, if any, shall be conveyed to Purchaser at Closing.

9. REAL ESTATE TAXES AND ASSESSMENTS: 2016 property taxes will be pro-rated to date of closing.

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 attor-

ney’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.

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 dis-

claims any and all representations and warranties, either express or implied, regarding the envi-

ronmental condition of the Property. The Purchaser shall rely upon its own independent investiga-

tion, 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 corporate policy, Seller makes it a practice to expressly advise any purchaser that

the improvements on the Property include materials, which may contain asbestos, and encour-

ages Purchaser to investigate specifically whether asbestos containing materials exist on the Prop-

erty.

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 un-

der 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 infor-

mation 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 interme-

diary 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 Con-

tract. 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.

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 ensure 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 deliv-

ered 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 Pro-

grams currently in place. Buyer will be required to maintain and comply with FSA regulations

of the CRP contract.

17. Tenant Rights: The pastures have all been rented out previously so there may be some

items of personal property that do not transfer with the farm, such as gates, panels, electric

fence supplies, feeders, etc.

18. SPECIAL AGREEMENTS (if any):_____________________________________________________

_______________________________________________________________________

_______________________________________________________________________

___________________________________________________________________________________________

IN WITNESS WHEREOF, the parties have executed this Agreement in three coun-

terparts, each of which shall be deemed an original instrument, as of the day, month

and year first above written.

SELLER: PURCHASER:

________________________ _______________________

________________________ _______________________

________________________ _______________________

________________________ _______________________

Address________________ Address________________

_______________________ _______________________

City, State, Zip __________ City, State, Zip __________

_______________________ _______________________

Phone _________________ Phone _________________

Email __________________ Email __________________

Date __________________ Date __________________

Lender Contact __________

_______________________

TITLE COMPANY INFORMATION:

Name __Pike County Title Co.__________________________________

Address _215 W. Church St., Bowling Green, MO 63334__________________

Phone __(573) 324-3351_____________________________________