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Tract 2 - 80 acres+/- (subject to survey){"message":"In _app.tsx child of Layout","renderCount":1}
Tract 2: 80 acres m/l - This will be sold per acre.
Lot Closed
Auction by Cates Auction & Realty Co., Inc.
This item is in Gilman City, MO
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Item Details
Section 30
Township 62
Range 27W
Estimated Annual Property
Taxes: $335.24
MORE FEATURES: Somewhat active spring in what is the beginning of Little Cypress creek. Food plots of milo & wild millet. Ash & Linden trees (Ash is good for furniture, Linden is great for carving). Also some Oak in the major draws. Crossings, one with rock bottom. Wild Mushrooms. Terraces constructed in 1998. Terraces ( Far East ). A dry terrace but tiled in such a way as to allow water holes for deer etc. Old well- cleaned in 2005 but not very productive (approximately 15 gallons per day). Original homestead was just east of the well. Walnut trees Pond (Structure) - Approximately 1 acre, constructed in 1999. Stocked with Bass, Bluegill and Channel Catfish. Constructed on site of old spring. Water valve located below the dam. Pond (Structure) - Approximately 1 acre, built in 2001. Stocked with Bass, Bluegill and Channel Catfish. Water valve located below the dam. Hedge (Osage orange). Great for posts, etc. Old road (closed), lined with Black Locust (good for posts & firewood). Dozing his old road would allow for a large field with considerable grundy soil.
MORE FEATURES: Somewhat active spring in what is the beginning of Little Cypress creek. Food plots of milo & wild millet. Ash & Linden trees (Ash is good for furniture, Linden is great for carving). Also some Oak in the major draws. Crossings, one with rock bottom. Wild Mushrooms. Terraces constructed in 1998. Terraces ( Far East ). A dry terrace but tiled in such a way as to allow water holes for deer etc. Old well- cleaned in 2005 but not very productive (approximately 15 gallons per day). Original homestead was just east of the well. Walnut trees Pond (Structure) - Approximately 1 acre, constructed in 1999. Stocked with Bass, Bluegill and Channel Catfish. Constructed on site of old spring. Water valve located below the dam. Pond (Structure) - Approximately 1 acre, built in 2001. Stocked with Bass, Bluegill and Channel Catfish. Water valve located below the dam. Hedge (Osage orange). Great for posts, etc. Old road (closed), lined with Black Locust (good for posts & firewood). Dozing his old road would allow for a large field with considerable grundy soil.
Payment
ONLINE HIGH BIDDER INSTRUCTIONS:
ONE: If you are the successful bidder on the property, Congratulations!
TWO: You will immediately be notified by email that : A. You are the successful bidder B. Your pre-signed Purchase & Sale agreements will now be executed. C. You must wire transfer the additional earnest money deposit required to bring your total deposit to 5% of the purchase price. Wire transfer instructions will be emailed to you.
THREE: Once the full earnest money deposit is received, you will be emailed a copy & mailed an original of the executed Purchase & Sale Agreement.
FIVE: Closing is to take place on or before 30 days from the auction date.
NOTES:
ONE: If you are not the high bidder or your high bid is not accepted by seller, your full deposit and signed Purchase and Sale agreements will be returned to you via Priority Mail.
TWO: The purchase price shall be defined as the hammer price (high bid) plus a 10% buyer’s premium.
THREE: For internet bidders, the purchase price shall be defined as the hammer price (high bid) plus a 10.75% buyer’s premium.
FOUR: For internet bidders, the Purchase & Sale Agreements and cashiers check must be received at least two (2) days prior to the auction to allow adequate time for registration.
CheckWire Transfer
Auction Details
210 ACRE AUCTION! HUNTER'S PARADISEHwy H/390th St & 240th Ln. , Gilman City, MOSaturday, May 6, 2006 | 12:30 PM CDT
Auction House
Cates Auction & Realty Co., Inc.North Kansas City, MO
Terms Of Sale
Internet Buyer’s Premium 10.75%
STEPS TO BID ONLINE:
ONE: Print out 4 copies of the Purchase & Sale Agreement (P&S) found in the Property Information Package (PIP) located at www.CatesAuction.com. NOTE: Adobe Acrobat Reader software must be installed on your computer in order to view & print these documents. You can download the free software on Adobe's website.
TWO: Obtain a cashiers check in the amount of $10,000 as an earnest money deposit payable to Thomson Title Corporation.
THREE: Sign all (4) copies of the Purchase & Sale agreement and send these documents with the cashiers check to: Cates Auction & Realty Co., Inc. (877) 781-1134
FOUR: Once received, you will be contacted by a Cates Auction & Realty Co. representative. The Cates representative will give you a password which will allow you to bid online during the auction on www.proxibid.com
FIVE: Click the "Register" button on the sale posting on www.proxibid.com.
SIX: Bid on the property online on auction day using your password.
ONLINE HIGH BIDDER INSTRUCTIONS:
ONE: If you are the successful bidder on the property, Congratulations!
TWO: You will immediately be notified by email that : A. You are the successful bidder B. Your pre-signed Purchase & Sale agreements will now be executed. C. You must wire transfer the additional earnest money deposit required to bring your total deposit to 5% of the purchase price. Wire transfer instructions will be emailed to you.
THREE: Once the full earnest money deposit is received, you will be emailed a copy & mailed an original of the executed Purchase & Sale Agreement.
FOUR: Closing is to take place on or before 30 days from the auction date.
NOTES:
ONE: If you are not the high bidder or your high bid is not accepted by seller, your full deposit and signed Purchase and Sale agreements will be returned to you via Priority Mail.
TWO: The purchase price shall be defined as the hammer price (high bid) plus a 10% buyer’s premium.
THREE: For internet bidders, the purchase price shall be defined as the hammer price (high bid) plus a 10.75% buyer’s premium.
FOUR: For internet bidders, the Purchase & Sale Agreements and cashiers check must be received at least two (2) days prior to the auction to allow adequate time for registration.
TERMS & CONDITIONS All information contained in this and other advertisements was obtained from sources believed to be accurate. However, no warranty or guarantee, expressed or implied, is intended or made. All buyers must independently investigate and confirm any information or assumptions on which any bid is based. This property is offered for sale to qualified buyers without regard to prospective buyer's race, color, religion, sex, marital status or national origin. All announcements made at the auction take precedence over any other information or printed matter. Neither the auction company nor the seller makes or has made any representation or warranty with respect to the accuracy, correctness, or completeness of the information, the contents or meaning of the information, or the valuation of the real estate and shall not be held liable. Any decision to purchase or not to purchase the real estate is the sole and independent business decision of the potential buyer. No recourse or cause of action will lie against any of the above-mentioned parties should buyer become dissatisfied with its decision, whatever it may be, at a later date.
CONTRACTS: The successful bidder must sign all documents and contracts immediately upon conclusion of the auction.
EARNEST MONEY DEPOSIT: A $10,000 non-refundable earnest money deposit (FOR EACH TRACT PURCHASED) shall be required of the successful bidder in the form of a cashier's or certified check. Please note: all cashiers or certified checks should be made payable to yourself. You will endorse the check over to Missouri Land Title Co. (escrow agent), when you are the successful bidder.
BUYER'S PREMIUM: A buyer's premium of ten percent (10%) shall be added to the successful bidder's high bid and included in the total purchase price to be paid by the successful bidder.
REAL ESTATE CLOSING: Buyers must close by June 6, 2006. Time is of the essence. The entire purchase price must be paid by cashiers or certified check, or wired funds at closing. Upon payment in full of the purchase price, the buyer shall be entitled to a general warranty deed for said property.
REAL ESTATE BROKERS: A commission of 3% calculated on the successful buyer's high bid, shall be paid (where allowed by law) to the qualified broker who is duly licensed in Missouri, whose properly registered client is the successful bidder at the auction, and whose client pays for and settles on the property by the closing date. A broker shall not be entitled to any commission on account of any sale to entity of which (or of any affiliate of which) the broker is a principal, employee or affiliate, or immediate family member. Brokers must register their prospective clients on the appropriate form by contacting Cates Auction & Realty, Co. The form must be submitted via fax, (816) 781-1135 no later than Friday, May 5, 2006, by 12:00 PM (CST). No forms will be accepted at the auction sites.
AGENCY: The Auctioneer is acting as agent on behalf of the seller only. During bidding, the Auctioneer has the right to reject any raise that, in his opinion, is not commensurate with the value of the offering. In the event of any dispute between bidders, the Auctioneer's decision is final. Should there be any dispute after the sale, Cates Auction & Realty, Co.'s record of final sale shall be conclusive.
RIGHTS: All announcements made the day of sale take precedence over any prior written or verbal terms of sale. If any conditions contained here-in are not complied with by the successful buyer, Cates Auction & Realty, Co. may, in addition to asserting all remedies available by law, including the right to hold defaulting buyer liable for the purchase price, either (a) cancel the sale, retaining as liquidated damages any payment made by such buyer; (b) resell the property without reserve at public auction; or (c) take such other action as it deems necessary or appropriate. The retention of the bidder's deposit shall not limit any rights or remedies of Cates Auction & Realty, Co., or the seller(s) with respect to the buyer's default. If the property is resold, the original defaulting buyer shall be liable for payment of any deficiency in the purchase price and all costs and expenses, the expenses of both sales, reasonable attorney's fees, commissions, incidental damages, and all other charges due hereunder.
AUCTION REGISTRATION: Registration will begin one hour before the sale. To register, a prospective bidder must provide name, residence address, phone number, fax number, social security number, drivers license, cashier's or certified check in the amount of $10,000 made payable to self. By registering, a prospective bidder is acknowledging that he or she has read and agrees to be bound by the Terms and Conditions of Sale.
PURCHASE AND SALE AGREEMENT: The successful bidder shall execute a Purchase and Sales Agreement (P&S) immediately after being declared the winning bidder by the Auctioneer. Upon execution by the Seller, the P&S will supersede all printed material and will serve as the governing document for sale of the property. The P&S contains an acknowledgment that the purchaser has inspected the property prior to the auction, is relying solely on his/her inspection of the property in making the decision to purchase, and is purchasing the property "as is, where is'' with all faults and without reliance on any warranty of any kind whatsoever. No changes in the Terms and Conditions of the P&S will be permitted. A sample P&S is included in the Property Information Package.
FINANCING: Financing is not a contingency of sale in this offering. Therefore, it is strongly recommended that potential bidders ensure in advance that they are able to obtain the necessary financing to close the transaction. If purchaser cannot obtain financing on the property because he/she cannot fulfill terms or does not qualify, then purchaser must either close for cash within the contractual period or forfeit his/her earnest money deposit.
TAXES: Taxes are to be prorated between Purchaser & Seller as of the closing date.