Sullivan & Son Auction, LLC
Sullivan & Son Auction, LLC - Linda K. Epperson Trust

Linda K. Epperson Trust

Wednesday, October 4 at 10:00 am

Auction Address

 

 

Linda K. Epperson Trust

Wednesday, October 4, 2017 at 10:00 a.m.

 Auction to be held at the New London Lions Building, 600 West St., New London, MO.

 

LOCATION & GENERAL INFORMATION

The Epperson farm is located 2½ miles west of New London, Mo on Highway 19 to Otter Road, then ¾ mile south. It will be sold in 2 tracts with both tracts being situated in Spencer Township, Ralls County, MO, T55N-R5W. Tract 1, which is in Section 14, contains 92.27 surveyed acres, most of which is level to rolling tillable farm land currently enrolled in CRP through September 2020 with an annual payment of $98.00 per acre. There are approximately 18 acres of trees and waterways. Otter Road borders the west end and part of the north side. Tract 2, which is in Section 23, contains 78 acres (subject to survey) with 33 acres of rolling tillable land currently enrolled in CRP through 2020 with an annual payment of $98.00 per acre. The remaining 45 acres is rolling timber land with excellent deer and turkey hunting. Otter Road borders the west side and Tract 1 borders the north end. Prospective buyers have permission to walk over and inspect both tracts. After depositing the down payments and signing the purchase agreements, the buyers will have permission to hunt the properties. There are no hunting leases on these farms.

 

TERMS OF SALE

Both tracts will be sold on a price per acre basis. Tract 1, which has been surveyed will be based on 92.27 acres. Tract 2 will be surveyed prior to the auction. They will be sold individually and will not be combined. Ten percent of the bid price to be paid on day of sale with the balance to be due within 30 days. Title Insurance will be provided by the Seller. The 2017 CRP payments will be retained by the Seller and the 2017 real estate taxes will be paid by the Seller. Immediately following the sale of both tracts, the successful bidders shall enter into a written purchase agreement with the Seller. Said contract, which shall incorporate all of the terms of sale, may be inspected prior to the auction by contacting Sellers’ Attorney, John Briscoe at 573-221-0315. All announcements made at the auction supersede any prior advertising.

 

Linda K. Epperson Trust

Attorney for Seller - John W. Briscoe

Briscoe & Brannon • 218 Broadway, Hannibal, MO • 573-221-0315