Mallett Sale Bill

VIRTUAL ONLINE

SCOTLAND COUNTY, MISSOURI LAND AUCTION THURSDAY, OCTOBER 17, 2024 AT 10:00 AM CT 158 ACRES± (SUBJECT TO SURVEY) • SELLING IN 4 TRACTS

TRACT 1

TRACT 2

TRACT 3

TRACT 4

DONALD L. MALLETT AND VIRGINIA ANNE MALLETT FAMILY TRUST MARTHA GUDEHUS AND TERRY MALLETT, CO-TRUSTEES Representing Attorney: Evan Shoemaker, Associate Attorney | Van Matre Law Firm, P.C. 1103 E Broadway, Columbia, MO 65201 | (573) 874-7777 Closing & Title Work: Scotland County Abstract 205 East Monroe Street, Memphis, MO | (660) 465-7052

AUCTION MANAGERS:

LOUIE ZINN (319) 795-2314

DAN SULLIVAN (319) 795-1833

SCAN FOR ADDITIONAL DETAILS, MAPS, PHOTOS & BIDDING!

SULLIVAN AUCTIONEERS, A BIGIRON COMPANY WWW.SULLIVANAUCTIONEERS.COM | (844) 847-2161 | LICENSE #444000107

The Mallett farm is near Greensburg, MO and conveniently located on Hwy 15 and off County Line Road, 11.6 miles north of Edina, MO and 12.4 miles south of Memphis, MO. The farm is further described as being located in Section 35, T64N-R12W, Tobin Township, Scotland County, Missouri. Farm represents productive tillable cropland, well maintained pastureland, home, and outbuildings. LOCATION & GENERAL INFORMATION

SUBJECTS

METHOD & TERMS

The Mallett farm will be sold on a price per acre basis, based on the surveyed acres. Tracts 1-3 will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect any of the tracts for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract(s) will continue to be offered “Buyer’s Choice” until all 3 tracts have been elected. Tract 4 will be sold for a lump sum total dollar amount. The tracts will NOT be offered together or in any combination at the conclusion of the auction. Immediately following the auction, the successful buyer(s) will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment, payable to Scotland County Abstract, which will be held in escrow until closing. The balance of the purchase price will be due at closing which will take place on or before November 18, 2024. The seller will provide title insurance in the full amount of the purchase price and pay the 2024 real estate taxes through a credit at closing. Buyer will be responsible for the 2025 real estate taxes and beyond. Possession at closing. Open farm/pasture/hunting tenancy as of January 1, 2025. Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property. All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify all information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers, a BigIron company, pertaining to this property. Real estate is being sold “AS IS”. ADDITIONAL INFORMATION, PHOTOS & BIDDING AVAILABLE ONLINE: www.SullivanAuctioneers.com AUCTION TO BE CONDUCTED AS A VIRTUAL, ONLINE AUCTION. IF YOU NEED ASSISTANCE WITH BIDDING, PLEASE CONTACT OUR OFFICE AT (844) 847-2161

TRACT INFORMATION

TRACT 1 - 73 ACRES± (SUBJECT TO SURVEY) • FSA records should indicate 61.59 acres of cropland • NCCPI Rating: 74.7 • Soil types include Lamoni, Kilwinning, and Armstrong • Land represents productive tillable cropland with the remainder in brushy ditches and draws • Hunting opportunities • Excellent building site with all utilities present • Access from the west off Highway 15 TRACT 2 - 39 ACRES± (SUBJECT TO SURVEY) • FSA records should indicate 36.38 acres of pastureland • Land represents a mix of pastureland and timber • Pond in place that offers ample water for livestock • Hunting opportunities • Improved with a 40’ x 50’ x 16’ pole shed with electricity (built around 2002) • Fences in place • Access from the south off County Line Road

TRACT 3 - 39 ACRES± (SUBJECT TO SURVEY) • FSA records should indicate 35.94 acres of cropland/ pastureland • Currently 11.44 acres in row crop production • NCCPI Rating: 65.7 • Soil types (on the tillable) include Leonard, Gifford, Kilwinning, and Armstrong • Land represents a mix of productive tillable farmland and pasture/hay • Pond in place that offers ample water for livestock • Fences in place • Access from the south off County Line Road and from the east off Halfway Road TRACT 4 - 7 ACRES± (SUBJECT TO SURVEY) • FSA records should indicate 4.62 acres (currently in hay production) • Land is improved with older home and outbuildings (home can be viewed by appt. only) • Great building site with all utilities present including rural water and fiber internet • Outbuildings include pole barn with half concrete floor (30’ x 40’ x 14’) • Fully restored 1931 Aermotor 602a windmill (recently restored by Midwest Windmill Company)

• Scotland County R1 school district • Access from the west off Highway 15

FIRST CLASS U.S. POSTAGE PAID QUINCY, IL PERMIT 23 62301

PO Box 111 • Hamilton, IL 62341-0111 www.SullivanAuctioneers.com

158 ACRES± (SUBJECT TO SURVEY) SELLING IN 4 TRACTS

VIRTUAL ONLINE | SCOTLAND COUNTY, MO LAND AUCTION THURSDAY, OCTOBER 17, 2024 AT 10:00 AM CT

DETAILS, MAPS, PHOTOS & BIDDING: SullivanAuctioneers.com SULLIVAN AUCTIONEERS, A BIGIRON COMPANY | (844) 847-2161 | LICENSE #444000107 DONALD L. MALLETT AND VIRGINIA ANNE MALLETT FAMILY TRUST MARTHA GUDEHUS AND TERRY MALLETT, CO-TRUSTEES

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