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Cass County Real Estate & Personal Property Auction. 80 Acres with Log Homes, Attached Machine Shed, 10 Acre Lake, Pasture, Timber, Mobile Home.
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PREMIER Cass County Land & PERsonaL PRoPERty auCtIon
satuRday, JunE 28, 2014REaL EstatE sELLs at 10:00 a.M.
sELLERs: aLbERt & MaRy LynnE CoRnELL
For SaleInformation Contact
Mike Williams816-797-5450
Home Shown by Appointment
www.wheelerauctions.com • [email protected]
35304 s. baRnaRd Rd., aRChIE, Mo 64725
1 TracT, 80 acres M/L • T43N-r31W-s36
PersoNaL ProPerTy aucTioN To FoLLoW reaL esTaTeFrom Archie, go East on HWY B 2 ½ Miles and South ¼ mile on Barnard RoadFrom Harrisonville, go South on I-49, 9 miles to the Archie exit, MM 147.8 and follow the Archie directions.
Property Features3416 square foot Log Home, 10 Acre Pristine Lake,Quality Pasture& Woodlands!
TABLE OF CONTENTS
Auction Information and Notes .................................................................. 4-5
Auction Terms and Conditions ................................................................... 6
Aerial Map .................................................................................................. 7
Cares Map .................................................................................................... 8
Tract Map ..................................................................................................... 9
Log Home, Lake, Land, and Mobil Home Details ...................................... 10-12
Personal Property Listing & Photos ............................................................ 13-16
Photo Gallery ............................................................................................... 17-22
Auction Sales Contract ................................................................................ 23-27
AUCTION INFORMATION & NOTES
PROPERTy LOCATION• T43N–R31W–S36• SALESITE-35304S.BarnardRoad, Archie,MO64725(LogHomeAddress)• 35308S.BarnardRoad,Archie,MO64725– (MobilHomeAddress)• 2½mileseastofArchieonHWYBand ¼milesouthonBarnardRoad
AUCTION PROCEDURE AND TIME• WewillselltheRealEstatewhichincludesthe
LogHome,MachineShed,Shop,DockCottage,Lake,MobilHome,adjoiningPastureandWoodlandscontaining80AcresM/Lat10:00a.m.ThepropertywillsellbytheTotalDollarAmountandissubjecttoconfirmationofthebidpricebythesellers.WheelerAuctionsreservestherighttotakeasmanyrecessesintheauctionprocessasnecessarytoconsummateandconcludetherealestatesale.
• TheauctionofPersonalPropertywillfollowimmediatelyupontheconclusionoftheLandSale.
CONTRACT AND DOwN PAyMENT • NOBUYERSPREMIUM• WewillwritetheLandContractimmediatelyfollowingtheconclusionofthelandauction.• 10%nonrefundabledownpaymentisdueatthesigningofthecontract.yOUR BIDDING IS NOT CONTINGENT UPON FINANCINGandtheescrowmoneywillbepayabletoandheldbyCoffeltLandTitleInc.
CLOSING AnticipatedclosingonorbeforeMonday,July28,2014attheofficeofCoffeltLandTitleInc.,401S.Lexington,
Harrisonville,MO64701-Phone,816-581-2223
POSSESSION PossessionwillbegivenonorbeforeSunday,August10,2014subjecttotenants’rights.AssoonaftertheClosing
aspossibletheCornell’swillbemovingtotheirnewhomeinDrexel,MOandfullpossessionoftheloghomeandlakeareawillbeavailableatthattime.
TENANT RIGHTS• ThecurrenttenantoftheMobilHome,Ms.KarenDeck,
Mary’ssister,wouldliketohaveanoptionandnegoti-ateanewrentalagreementwiththenewbuyer,tostayintheMobilHomeifthatisanoptionthenewbuyerwishestopursue.IfarrangementsarenotsatisfactorytoeitherpartythenthecurrenttenantwillmovefromthepremisesonorbeforeSunday,August10,2014.
• ThepasturetenanthasthepastureandhaygroundrentedthroughOctober31,2014.Atthattimehewillrelinquishalltenancy,however,hewouldliketosubmitaproposaltocontinuerentingthefarmgroundifthenewbuyerwishestoenterintothosenegotiations.
AUCTIONEERS NOTE:
Albert and Mary Lynne’s decision to down size, move to town, enjoy retirement with some travel has afforded an oppor-tunity to buyers wishing to stay close to Kansas City, have a rural lifestyle with abundant recreation and income potential. Wheeler Auctions and Real Estate is proud to offer this Farm, Home and Lake at Auction and promises you won’t be dis-appointed when you research what is offered and its potential to satisfy the most discriminating buyer. Whether you are looking for a home or wish to make a business opportunity from your purchase this is a “must see and consider” piece of Real Estate. We invite you to be with us on Saturday, June 28, 2014, visit with the Cornell’s and exercise your option to purchase a piece of property like no other in Cass County. Chas & Mike
For Sale Information Contact: Wheeler Auction Representative,
Mike Williams • [email protected] • Website: www.wheelerauctions.com
SALE DAY CELL PHONES: Chas Wheeler 573-473-2508 • Mike Williams 816-797-545 Charlie Nordwald 636-795-4552 • Clint Youse 660-651-4779 • Sonny Ketchum 523-721-2021
TAxES• The2013propertytaxesof$1754.67ontheLogHome,Lake,and70acresarepaid.• The2013propertytaxesof$213.31ontheMobilHomeand10acresarepaid.• BothoftheseCornellpropertieswillbesoldasoneparcel,80acresM/Landthe2014taxeswillbepro-ratedto
thedateofclosing.SURvEy Ascurrentlegaldescriptionsareinplace,thereisnoneedforasurveyOTHER INFORMATION• R-5ArchieSchoolDistrict• OsageValleyElectricUtilities• CityWaterthroughtheGardenCityWaterDistrict• CassCountyPropertyTaxratefor2013was5.7967%oftheassessedpropertyvalues• SepticSystemfortheLogHomeandDockCottageareservicedwitha1200gallonseptictankandlateralstoa
lagoon.• SepticSystemfortheMobilHomeisaseptictankwithlateralsallcontainedwith-inthecurrent10acre boundary• TheloghomeboastsaVac-U-Flowvacuumsystemwithatotaloffouroutletsupanddown• Thestackedwasheranddryerupstairsinaconvenientmasterbedroomclosetandthelaundryclosetdown-
stairsequippedwithanotherwasheranddryerareefficientandconvenient.• 10ft.ceilingsforthespacious,openlivingarea• The44inchwidestairwaycaneasilyaccommodateastairlifttothemasterbedroomifanewbuyerwanted
thataccommodation.TheCornell’sbuiltthehomewiththatinmindbutneverneededit.Mostdoorwaysare36inchesandthedownstairsiscompletelybuilthandicapaccessible.
• Newoutsidepaint2013• NewSteelRoof,26gauge,35-yearwarranty,2012• DeerandTurkeyareoftenseeninthepastureandrunthetimberontheWestsideoftheproperty.• A30treePecanGroveisaproducerthatoffersbothnutproductionandwildlifehabitat.• Thetwoelk,tworamsandonebear(steelsilhouettes),flagpoleandeaglepolewillconveywiththeproperty.
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AUCTION TERMS & CONDITIONSProcedure: LandwillsellinoneparcelbytheTotalDollarAmountas80acresm/l.Saleissubjecttoconfirmationofbidprice.Down Payment: Tenpercent(10%)downpaymentthedayofauction,uponsigningapurchaseagreementimmediatelyfollowingthecloseofbidding.Thedownpaymentmaybepaidintheformofpersonalcheck,businesscheck,orcashierscheck.Theremainderofthepurchasepriceispayableatclosingwithin30days.yOUR BIDDING IS NOT CONDITIONAL UPON FINANCING,besureyouhavearrangedfinancing,ifneeded,andarecapableofpayingthebalanceatclosing.Title: Sellersshallprovideandexecuteaproperdeedconveyingtherealestatetothebuyer(s).Sellertopayfortitleinsurance.Buyerandsellerwillsplittheclosingcosts.Possession: PossessionwillbegivenonorbeforeSunday,August10,2014.Subjecttostatedtenantrights.AnexplanationofpossessionisstatedintheAuctionInformationandNotesonPage4.Real Estate Taxes:Therealestatetaxesfortheyear2013arepaidbytheseller,2014Taxeswillbepro-ratedbetweenthebuyerandsellertothedateofclosingandbuyershallberesponsibleforallperiodsthereafter.MineralRights:Thesaleshallinclude100%ofthemineralrightsownedbythesellers.Easements:Saleofthepropertyissubjecttoanyandalleasementsofrecord.Acreage:Allacreageisdeterminedfromtaxdocuments,currentlegaldescriptions,andassessors’maps.Survey:Anyneedforasurveyshallbedeterminedsolelybythesellers.Withthetwolegaldescriptionsinplaceanddeterminedtobe80acresM/Ltherewillbenoneedforasurveytotransferownershipofthisproperty.Closing: AnticipatedclosingdateshallbeonorbeforeMonday,July28,2014oronadatemutuallyagreeduponbythebuyer(s)andthesellersconductedattheofficeofCoffeltLandTitleInc.,401S.LexingtonSt,Harrisonville,MO64701;Phone816-581-2223;email:[email protected]: WheelerAuctions&RealEstateanditsrepresentativesareExclusiveAgentsforthesellers.Disclaimer: Thepropertyisbeingsoldonan“asis,whereis”basis,andnowarrantyorrepresentation,eitherexpressorimplied,concerningthepropertyismadebyeitherthesellersortheauctioncompany.Eachbidderisresponsibleforconductingitsownindependentinspections,investigations,andallduediligenceconcerningthepropertyandtheauction.Informationcontainedinthisbrochureissubjecttoverificationbyallpartiesrelyingonit.Diagrams/dimensionsinthisbrochureareapproximate.Acreageisestimated.Allinformationcontainedinthisbrochureandanyrelatedmaterialsaresubjecttothetermsandconditionsofsaleoutlinedinthepurchasecontract.Auctionconductandbiddingincrementsareatthesoledirectionanddiscretionoftheauctioneer.Alldecisionsoftheauctioneerarefinal.ThesellersandtheAuctionCompanyreservetherighttoprecludeanyonefrombiddingifthereisaquestionastotheperson’scredentials,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.
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CARES MAP
The Archie FFA, Mr. Matt McIntire, advisor, will provide the food stand on sale day
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Al and Mary Lynne Cornell have developed this land into a majestic, family and recreational type atmosphere which boasts improvements and amenities. The property consists of 80 acres M/L containing approximately 40 acres of high quality pasture, 20 acres of woodlands, a pristine 10 acre lake, and 10 acres of recreational frontage consisting of lawn, landscaping, and trees. As you enter the property from the county road you are greeted with a stone gated entrance, great landscaping and a large gold fish pond with water fountain and water wheel. The water geyser has
a new pump system, capable of 400 gallons per minute, flows year round and never freezes. The Log home is a 3 bedroom, 3 1/2 bath, two story, 3416 Sq. Ft. Pine Log sided structure with a 2400 Sq. Ft. attached machine shed and shop. The large kitchen with beautiful cabinets and granite countertops, the large dining room, and the spacious living room flow nicely and over-look the lake and boat house. This home contains beautiful woodwork throughout and solid wood doors. The current office room or bedroom if you like, has the view of the fountain and stone fish pond. The master bedroom is upstairs, very spacious, with its own washer, dryer, wet bar, Jacuzzi, walk-in closet, and it to overlooks the lake. A corner stone fireplace in the living room ads to the lodge atmosphere and warmth of this log home. Just north of the main house is a 580 sq.ft. Cottage on the 1800 sq.ft. Dock, Boat House, and Green House.
A restroom on the dock and sitting area to watch the swimmers jump from the diving board make this a favorite spot to relax. The boat house is enclosed and contains a great area to tie boats wave runners, pontoons or to fish in the shade. The outdoor Jacuzzi seats 6 to 8, has 18 jets, two sun bathing benches, covered with bar arm rests and foot rails. The spa has a new motor but needs a $200 control panel to operate. The 10-acre lake is breathtaking. It is
stocked with Largemouth Bass, Catfish, and Crappie, all of which are very large and a treat to catch, eat, or release. The lake is man-made, 25 ft. deep in the middle with a 15 ft. depth at the diving area. Over 700 tons of Stone rip-rap line the banks all the way around and the eastern shores feature huge flat rocks and boulders to enhance the beauty of this water structure. The water is clear and
absolutely one of the most beautiful lakes you’ll find anywhere. South of the main house with the 35308 S. Barnard Road address is the 1274 sq.ft. Mobil Home. It is a three bedroom/ three bath units, with a deck and built-on bedroom addition. Both homes feature central air-conditioning, and propane furnaces. Both propane tanks are rented from Ferrell Gas Company and do not convey with the property.
Possibilities for use, in addition to the homes, cattle pasture, hay ground, and hunting with obvious family recreational aspects, abound with a buyers potential to create a business from this property and lo-cation. A few that have been mentioned include: Wedding Venue, Photo Studio, Winery, Family Retreat, Corporate Re-treat, Church Retreat, Concert Location,
Bed and Breakfast, Fish-ing Tournament, Youth Workshop Facility, Civic or Organization Facility. A buyer’s imagination is the only outer limit to what can be done with this Real Estate purchase. This property is be-yond words and truly needs to be viewed to appreciate.
Propane Fireplace
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All the elevatedBird Houses staywith the property
Outdoor Grill
PERSONAL PROPERTyThe Cornell Personal Property Will Sell Immediately Following the Real Estate Auction. The personal property
has a lot of items. We will sell in one ring, sell quickly, so come prepared!
Listing continues on page 14
FurnaceSteel Cattle Rubber
FARM EquIpMEntFord 2600 Gas Tractor, 736 hrs., Dual Hydraulics500 Gallon Water Wagon Rubber TiresRhino TW 72” 3 pt MowerFord 5 ft 3 pt. Blade3 pt. Bale SpearMassey 6 ft. Disk, 3 pt.Mounted Tractor Sprayer, 8 ft. booms22-Steel Cattle Panels with walk-inSqueeze Chute2-Steel Framed Wire GatesSteel Cattle Trough2-Poly Water TroughsSteel Frame Back RubberAntique John Deere #4 Bar MowerElectric Fence Barbed WireGallagher S17 Electric Solar Fencer2-300 gallon Fuel Tanks with Stands2-4 Wheeler Loading RampsNew 250 ft Spool 1/2 in Steel CableHerd Sure-feed Seeder
LAWn And GARdEnStihl 025 Chain SawStihl FS110R Gas WeedeaterRoto TillerLeaf Blower25 gallon Fimco SprayerHD Hand CartWheelbarrowsApprox 400 ft Water HosesLeopard Statue-outdoorLion Statue-outdoor
2 - Steel Dog Silhouettes-outdoorSteel Bear Silhouette-outdoor2 - Steel Male Silhouettes-outdoorLawn Table and ChairsGreenhouse Table and Chairs
tooLSAntique Shovels-shootersConcrete Mixing TubConcrete MixerLot of Hand Tools, Levels, Saws,
CuttersMiller Wire Welder, Like newDayton 4W110 Generator, Electric
Start55 Gallon Barrel Dolly80 ft. of Log Chains8 - Aluminum Extension Ladders: 20’, 24’, 30’, 32’3 - 8 ft. Wooden Step LaddersLadder JacksSawhorses2 - 20 ft. Scaffolding Picks30 Paint Rollers and PolesCar JackDewalt Electric Hand ToolsExtension CordsRed Devil Paint ShakerPuma 6 horsepower Air CompressorShop VacsInstant Power Jump BoxHD Power line Com-A-LongShovelsRakesPost DriverComplete Transit Set, Poles and
TransitDayton Carpet Dryer
Carry Cart
AppLIAnCESRichmond Hot Water HeaterLenox LF2-110 Furnace 110,000 BTuHotpoint Refrigerator/Freezer2 Small RefrigeratorsCommercial Grade Popcorn PopperIce ChestsChar Broil Gas Grill42 Cup Coffeemaker/PeculatorDayton 150,000 BTu Portable HeaterDayton 50,000 BTu Portable Heater2 Electric Water Pumps
BuILdInG MAtERIALSElectric Lights2 Pallets Marble and GraniteApproximately 2400 Red Bricks10’ White Metal Colonial Style Col-
umnsStack of Sheet Metal SidingPontoon Siding
RECREAtIon16 ft Sea Nymph Fishing Boat3 Trolling MotorsSuntracker Bass Buggy Pontoon8 ft Wooden TobogganIthica Model 34, 12 gauge 2-3/4 in
ShotgunBoat Chair FormsDouble Trolling Motor Battery Charger2 Trolling Motor Batteries2 Sets-Horseshoes5” Anchor Chain - DecorativeMisc. Fishing Poles and Equipment
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Victrola Cabinet
Merry-Go-Round
LanternsOld Boat TrailerDuplex Log Dog House
HouSEHoLd4 Sets Wooden Window Louvers2-SofasCoffee TablesHousehold ChairsLazy-Boy ReclinersIndoor StatuesLampsEnd TablesOak Video Cabinet2 Wicker Handmade RockersWicker Baby BuggyDesk and Leather ChairDecorative Wooden Wall PolesAntique Victrola CabinetWooden Bedside ShelfWall Paintings/PicturesClocksNo. 5 JugMitsubishi 52” Big Screen TV with
RemoteHitachi 52” Big Screen TV with RemoteFloral Shelf DecorationsSeasonal Wreaths with DollsAntique Merry-Go-RoundLighted Decorative Porcelain HousesInvocare WheelchairWalker and Crutches8mm Movie Screen
VARIouS noVELty &KEEpSAKES
Road SignsShoppe SignsRailroad LightsLarge and Small Outdoor StatuettesNumerous Porcelain Dolls2 Antique Reel Mowers
pLAtES (200 to 250 with more
added by sale day)Norman Rockwell-Gone With the Wind
SeriesSeveral other Series by Norman RockwellDaylon Children’s PlatesTerry RedlinDarceau-LimogesMany Animal Painting Plates: Including
Woodland Friend Series by Larry Toschik
Ed Knowles Fine China PlatterMorning Song-American Atelier ChinaW. L. George Fine China
Granite & Marble
2400 Red Bricks
Duplex Dog House
All the steel silhouettes stay with the property
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Many of the Room Furnishings will sellon the Personal Property Auction
All Appliances Stay with the Property!
Hall Entrance with the Many Novelties
Wall Gun Case & Entrance to BBQ Room
You won’t be disappointed with the construction quality of the docks,
cottage home and landscaping
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Triple Bunks Bedsin the bunk roomand a hardwood floor
Al’s years in the construction business are evident in the development of this real estate as a unique and
comfortable, All-encompassing opportunityfor you the buyer.
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Beauty, Value, and Integrity combine to make this Land, Home and Lake Property a great
investment that celebrates living and quality for a lifetime.
North PastureEntrance
All seasons are included in this Photo Gallery of Real Estate. The vista never has a bad day!
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1/2 Mile Farm Frontage on S. Barnard RoadWith the kind of road frontage that exists on this land, the way it lays, the lake access, and the convenience to a metropolitan area, it’s not hard to see the possibility of sub-divisions for new homes.
The Driveway and tree-lined lane into the pasture on the South is also a home site area that shouldn’t
go unnoticed. A Stone Bridge Crossing over a wooded drainage is both beautiful and functional that moves the lane into a picturesque area of the farm. Walnut Trees are the backdrop for this area of the farm.
AGREEMENT TO PURCHASE REAL ESTATE ATPUBLIC AUCTION
THISAGREEMENTTOPURCHASEREALESTATEATPUBLICAUCTION(latercalledthe“Agreement”),madeandenteredintoasofthis28thdayofJune,2014,byandbetweenAlbertF.andMaryLynneCornell,andMichaelD.andBethA.Cornell(collectivelylatercalledthe“Seller”)____________________and________________________________________________________________________________________________________________________(latercalledthe“Purchaser”),asthehighestbidderontheproperty(asdefinedinParagraph1)atthepublicauctiononthisdate(the“Auction”),ismadesubjecttothefollowingterms,covenantsandconditions:
1. PROPERTy:SelleragreestosellandPurchaseragreestopurchase2parcelssoldasatotaldollaramountwithapproximately80totalacresofrealestatesituatedinCassCounty,Missouri.PurchaserherebyacknowledgesandunderstandsthatthePropertyisbeingsoldonan“asiswhereis”basis.PurchaserfurtheracknowledgesthatthisAgreementisnotcontingentuponfinancingandthatfailuretoclosethistransactiononorbeforeMonday,July28,2014,duetoanydelaycausedbyPurchasershallconstituteaforfeitureoftheEarnestMoney.
2.PURCHASE PRICE: PurchaseragreestopaytotheSellerthetotalsumof___________________________________________________________(the“purchaseprice”).PurchasepriceisfiguredfromAuctionTotalDollarValueorAmount._________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Uponexecutionofthisagreement,thePurchaserwillpaybycheckandnotincash_________________________________________________________(whichamountisequaltotenpercent(10%)ofthePurchasePriceasEarnestMoneymadepayabletoandtobeheldintheescrowaccountofCoffeltLandTitle,Inc.,asescrowagent,thereunderfordeliverytotheSelleratthetimeofclosingorasotherwiseprovidedforherein.
ThebalanceofthePurchasePriceshallbepaidbyPurchasertotheSelleratclosingincashorformofpaymentacceptabletotheSeller.
3. TITLE:SellershallfurnishPurchaserwithanOwnersTitleInsuranceCommitment(TitleCommitment),issuedbyCoffeltLandTitle,Inc.TitleinsurancepremiumpaidforbytheSeller.TheTitleCommitmentshallcommitthesubjecttitlecompanytoissuePurchaseritsstandardowner’spolicyintheamountofthepurchaseprice,showingtitletothePropertyinthenameoftheSeller.IntheeventthattheSellerisunabletoconveythePropertyinaccor-dancewiththetermsofthisagreement,Purchasershallelecttoeither(a)takethePropertyencumberedwiththeobjectionableexceptionstothetitleandwaiveanyandallobjectionstheretowithoutabatementofthePurchasePrice,or(b)receivearefundoftheEarnestMoney,anduponsuchrefundbeingmade,thisAgreementshalltermi-nateandbeofnofurtherforceandeffect.
4. SURvEy: Ifsurveyisnecessary,surveyshallbeprovidedatSeller’sexpenseanewsurveyreflectingthelegaldescription,acreageandboundarylinesforanyTractofthePropertywherethereisnoexistinglegaldescriptionorwherenewboundariesarecreatedbythedivisionsofTractsattheAuction.Anyneedforasurveyshallbedeter-minedatthesolediscretionoftheSeller.
As current legal descriptions for the Cornell property are in place, there will be no need for a survey.
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5.CLOSING AND POSSESSION:The“Closing”shalltakeplaceonorbeforeMonday, July 28th, 2014, at the of-fice of Coffelt Land Title, Inc., 401 S. Lexington, Harrisonville, MO 64701,andatatimedesignatedbytheSellerandagreeduponbyPurchaser.ConcurrentlywiththeClosing,PurchasershallpaytotheSellerthePurchasePrice,lesstheEarnestMoneyasprovidedforherein.UponfullreceiptoftheentirePurchasePricebySeller,SellershalldelivertoPurchaserspecialwarrantydeedsfromeachsellingentityconveyingtitleinthepropertytothePurchaser.PurchasershallpaythechargeforrecordingtheDeed.SellerandPurchaseragreetoexecuteanyrealestatetransferdeclarationsrequiredbythestate,countyormunicipalityinwhichthePropertyislocated.TheSellerandPurchaseragreetoprovideandtoexecutesuchfurtherdocumentsasmaybenecessaryorcustomarytoclosethisAgreement(e.g.,SellerAffidavit;FITPTAAffidavit;Organizationaldocumentsandclosingstatement)andequallyforclosingcosts.Purchaser shall be entitled to possession of the property on or before August 10th, 2014.Possessioniscontingentuponboth,themobilehometenantandAlbertF.andMaryLynneCornell,vacatingproperty.ThePos-sessionandTenantRightsareoutlinedintheInformationandNotesSectionoftheSaleProspectus.
6.CASUALTy:SellerwillkeepthePropertyandImprovementsinsureduntilclosing.Iftheimprovementsonthepropertyaresubstantiallydamagedordestroyedbyfireorothercasualtypriortoclosing,thenBuyerwillhavetheoptionofacceptingalloftheinsuranceproceedsandproceedingtoclosethisAgreement,orterminatingthisAgreement.IfthisAgreementisterminatedduetothisparagraphthentheearnestmoneywillbereturnedtotheBuyer.
7.wARRANTIES:PurchaseracknowledgesthatPurchaserhasbeengivenanopportunityforafullinspectionofthepropertyandrelatedinformationandfurtheracknowledgeswithrespecttothisagreementthatPurchaserissatisfiedinallrespectswiththeconditionofthePropertyandallmatterspertainingthereto.PurchaseracceptstheProperty“asis”andinitspresentconditionwithPurchaserassumingriskthereof.PurchaserunderstandsthatSellermakesnowarrantyorrepresentationofanykind,eitherimpliedorexpressedorarisingbyparticularpurposeofthePropertyoranyportionthereof,andinnoeventshallSellerbeliableforconsequentialdamages.PurchaseracknowledgesthatSellerhasnotagreedtoperformanyworkonoraboutthePropertyasaconditionofPurchaser’spurchaseofit.
8.MINERAL RIGHTS:Onehundredpercent(100%)ofthemineralrightsownedbySellerwithrespecttotheProperty,ifany,shallbeconveyedtoPurchaseratClosing.
9.REAL ESTATE TAxES AND ASSESSMENTS:RealEstatetaxesforthe2014calendaryearshallbepro-ratedtothedayofclosing.PurchasershallassumeandpayrealestatetaxesforthePropertyforallperiodsthereafter.
10.DEFAULT:IfPurchaserfailstoperformanyobligationimposedbythisAgreement,SellermayservewrittennoticeofdefaultuponPurchaserandifsuchdefaultisnotcorrectedwithinten(10)daysthereafter,then,attheoptionoftheSeller,thisAgreementshallterminateandtheSellershallbeentitledtoretaintheEarnestMoneypaidhereunderasliquidateddamages.TheforegoingremedyintheeventofdefaultisnotintendedtobetheexclusiveremedyofSeller,andSellershallhavetherighttoseekanyotherremediesavailableatlaworequity,includingbutnotlimitedtospecificperformance.DefaultbyPurchasershallentitleSellertocourtcostsandrea-sonableattorney’sfeesincurredinenforcingtheprovisionofthisAgreement.
IntheeventoffailureofSellertoperformtheobligationsimposedbythisAgreement,Purchaser’ssoleremedyhereunderistoterminatethisAgreementandreceivearefundoftheEarnestMoneyuponsimilarnoticeserveduponSellerandsimilarexpirationtimeperiod.
TheEscrowAgent,uponreceivinganaffidavitfromthenon-defaultingpartystatingthatthisAgreementhasbeenterminatedasprovidedherein,shallbeentitledtorelyuponsuchaffidavitandshalldelivertheearnestmoneytothenon-defaultingparty.
11.ENvIRONMENTAL:ThePurchaseracknowledgesthattheSellerhasnotmadeandherebydisclaimsanyandallrepresentationsandwarranties,eitherexpressorimplied,regardingtheenvironmentalconditionoftheProperty.ThePurchasershallrelyuponitsownindependentinvestigation,inspection,inquiry,analysis,andduediligencetoevacuateandascertaintheenvironmentalconditionoftheProperty.ThePurchaserhasbeenadvisedthatthePropertyisbeingsold“asis,whereis”andthatSellerisnotrepresentingorwarrantingthattheconditionofthePropertyisinaccordanceorcompliancewithanypast,present,orfuturefederal,stateorlocalenvironmen-tallaws,regulations,requirements,orstandards.
Asamatterofcorporatepolicy,SellermakesitapracticetoexpresslyadviseanypurchaserthattheimprovementsonthePropertyincludematerials,whichmaycontainasbestos,andencouragesPurchasertoinvestigatespecifi-callywhetherasbestoscontainingmaterialsexistontheProperty.
12.PROvISIONS RELATING SPECIALLy TO SELLER/TRUST/ TRUSTEES/ ExECUTOR AND THEIR RESPECTIvE SPECIAL CIRCUMSTANCES:Trustee/ExecutorDisclaimer.EachfiduciarycomprisingSellerexecutesthisinstrumentonlyinitsrepresentativecapacityandshallnotbeboundorobligatedhereunderexceptinsuchcapacity.PurchaseracknowledgesandagreesthatthisAgreementismadebysuchfiduciariessolelyintheirfiduciarycapacityasdescribedinthesignaturesaffixedhereto,andthatsuchfiduciariesshallnotbeliableforanybreachoranyfailuretoperformanyobligationunderthisAgreementexceptfromassetsheldinthefidu-ciarycapacitydescribed.
13.PROvISIONS RELATING TO THE AUCTION COMPANy/ AUCTIONEER/BROKERS/FINDERS/AGENTS:(a) ThisAgreementissolelybetweenSellerandPurchaser.WheelerAuctions&RealEstate,L.L.C.(the“AuctionCompany”)anditslicensedauctioneersareemployedbytheSeller.TheAuctionCompanyanditsauctioneersshallnotbeliableforanypatentorlatentdefectsordeficienciesexistingintheProperty,improvementsorotherappurtenantstructuresthereon,norforanyinformationprovidedtothePurchaser.ThePurchaseracknowledgesthatithasconducteditsownindependentinvestigations,inspections,inquiriesandduediligenceconcerningtheProperty.
(b)Commission.NotwithstandinganyotherprovisionsofthisAgreement,therighttocommission,ifany,payabletoanyagentrepresentingeitherpartytothisAgreementshallnotvestuntilthetransactionisclosed,andshallbepayableonlyoutofproceedsofclosingandsaidagentshallhaveequalrighttoanyportionofEarnestMoneyforfeitures.
14.IRS 1031 TAx ExCHANGE DECLARATION (Optional):Itisagreedbetweenthepurchaser(s)andseller(s)thatamaterialpartoftheconsiderationtothePurchasersforpurchasingisthatthePurchaserhastheoptiontoqualifythistransactionaspartofatax-deferredexchangeunderSection1031oftheInternalRevenueCodeof1986asamended.SellersagreethatPurchasermayassignthisAgreementtoanexchangeintermediaryofPurchaserschoice.Purchaseragreesthatanyandalladditionalexpense,ifany,shallbebornebyPurchaserandSellersagreetofullycooperatetocompletetheexchange.
Sellerhereunderdesirestoexchange,forotherpropertyoflikekindandqualifyingusewithinthemeaningofSection1031oftheInternalRevenueCodeof1986,asamendedandtheRegulationspromulgatedthereunder,feetitleinthepropertywhichisthesubjectofthisContract.Sellerexpresslyreservestherighttoassignitsrights,butnotitsobligations,hereundertoaQualifiedIntermediaryasprovidedinIRCReg.1.1031(k)-1(g)(4)onorbeforetheclosingdate.
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15.MISCELLANEOUS:(a)Jurisdiction.ThisagreementshallbeconstruedinaccordancewiththelawsoftheStateofMissouri.AnyprovisionofthisAgreementwhichisunenforceableorinvalid,ortheinclusionofwhichwouldaffectthevalidity,legality,orenforcementofthisAgreementshallbeofnoeffect,butalltheremainingprovisionsoftheAgreementshallremaininfullforceandeffect.
(b)EntireAgreement.ThisAgreementcontainstheentireagreementofthepartiesandnorepresentations,war-rantiesoragreementshavebeenmadebyeitherofthepartiesexceptassetforthinthisAgreement.
(c) Heirs,SuccessorsandAssigns.ThisAgreementshallensuretothebenefitofandshallbebindingupontheSellerandPurchaserandtheirrespectiveheirs,successors,andpermittedassigns,provided,however,thatPur-chasermaynotassignitsrightsorobligationshereunderwithoutthepriorwrittenconsentoftheSeller.
(d)TimeisOftheEssence.ThetimeforperformanceoftheobligationsofthisAgreementisoftheessence.
(e)Notice.AllnoticesshallbeinwritingandshallbedeemedtohavebeenproperlydeliveredasofthetimeofdeliveryifpersonallydeliveredorasofthetimedepositedinthemailsystemsifsentbyUnitedStatescertifiedmail,returnreceiptrequested,andpostageprepaid.
16.FSA/NRCS:Sellerisobligatedtomaintain(ifany)thecurrentFSAProgramandBasisontheabovelistedrealestate.BuyeragreestothedivisionofFSAProgramdataasapercentofcroplandacrespertract.BuyerassumestheresponsibilityofanyandallFSAorNRCSProgramscurrentlyinplace.BuyerwillberequiredtomaintainandcomplywithFSAregulationsoftheCRPcontract.
17.Tenant Rights:Presenttenant’srightsprevailifany.
18. SPECIAL AGREEMENTS (if any):(a)PossessionoftheloghomewillbeavailableassoonastheCornell’svacate,onorbeforeAugust10,2014.
(b)Possessionofthemobilehomewillbeavailableassoonasthetenantsvacate,onorbeforeAugust10,2014.
(c)PossessionofthepasturewillbeNovember1,2014.
IN wITNESS wHEREOF,thepartieshaveexecutedthisAgreementinthreecounterparts,eachofwhichshallbedeemedanoriginalinstrument,asoftheday,monthandyearfirstabovewritten.
SELLER: PURCHASER:
AlbertF.Cornell
_____________________________________ ___________________________________
MaryLynneCornell ___________________________________
_____________________________________ ___________________________________
MichaelD.Cornell
_____________________________________ Address_____________________________ City,State,Zip________________________ BethA.Cornell ___________________________________
_____________________________________ ___________________________________
Address: 35304S.BarnardRd.Archie,MO64725 Phone_______________________________ Phone_______________________________
Email_______________________________ Email_______________________________
Date________________________________ Date_______________________________
LenderContact______________________
___________________________________
TITLECOMPANYINFORMATION:CoffeltLandTitle,Inc.401S.Lexington,Harrisonville,MO64701(816)581-2223Email:[email protected]
