ONLINE LAND AUCTION
77 Sandvos Drive, Scott City
Tract 1: 2 Parcels 28.58 calc. acres
Tract 2: 1 Parcel 28.96 calc. acres
Auction Terms & Conditions
Auction Terms & Conditions: The Auction Terms & Conditions will bind Bidders and their agents, assigns, attorneys, beneficiaries, brokers directors, distributes, employees, executors, heirs, legatees, officers, representatives, shareholders, and successors in interest. No deletion, modifications, supplement, or waiver of any provision of the Auction Terms & Conditions will be made, except by Auctioneer's written revision or announcement at the Auction.
Auctioneer: Justin Swiney Owner/Broker/Auctioneer
United Country Real Estate | On-Point Properties & Auction
528 E. Jackson Blvd.
Jackson, MO 63755
573-290-2050
www.UnitedCountrySEMO.com
Sales@UnitedCountrySEMO.com
This Is An Online Only Auction: To register for this Auction, go to www.unitedcountrysemo.com. Click on the UPCOMING AUCTIONS tab. Our United Country Real Estate | On-Point Properties & Auction auction website, will have Login/New Bidder tab in the auction section & on top of the page and a How to Register tab on the top of the page. Please review the registration guide if needed. Follow the prompts to log-in or for a new bidder in the Login/New Bidder menu. If you need help registering and bidding, please consult someone with computer knowledge and bidding experience. Feel free to call us if you cannot register for this auction.
Agency Disclosure: Broker/Auctioneer is acting exclusively as seller's agent.
Registration & Bidding: Registration can begin prior to the beginning of auction. By registering, bidder acknowledges they have read the Auction Terms & Conditions and that they have access to the Auction Sales Contract. Bidder unconditionally and irrevocably agrees to be bound by both. Bidding begins June 10, 2019 @ 10 a.m. CDT
Auction Bidding Ends: July 13, 2019 @ 5 p.m. CDT.
Your Bidding Is Not Conditional Upon Financing: When registering for the Auction, it will be assumed that all bidders have been pre-approved for potential winning bid.
Auction Bidding Is Conducted With A Soft Close: Any bid placed inside 10 minutes of bidding end time will extend the auction bidding another 10 minutes. This will continue until there are no more bids on either tract.
Sales Contract: The Auction Sale Contract is included in the Auction Bidder Packet that registered bidders will receive. Bidder should carefully read and understand the sale contract before bidding in the Auction, the terms of the sale contract is not negotiable. This is a CASH SALE and not contingent upon any matter, including buyer obtaining financing. The sale contract will exclusively govern the Parties' rights, responsibilities, and remedies with respect to any sale of the property and all related matters. Auction Terms & Conditions are not negotiable.
Property Being Auctioned Has A Reserve: Sale of real estate is subject to confirmation of the Seller. In the event the property sells at Auction, Seller & Buyer shall enter into a real estate contract providing for payment of final contract price, conveyance of the property, with closing date, pro-rated property taxes, and an equal split of closing costs.
Disclosures: No seller disclosures are being provided.
Bidding Is On A Price Per Acre Basis: The final bid price per acre will be multiplied by the number of acres in tract = High Bid
Commission: Buyer's Premium: A 5 percent (5%) buyer's premium will be added to the winning high bid price to arrive at the Final Contract Price for the property, to be paid by the purchaser. The Buyer's Premium proceed is used as follows:
1. High bid price x 5% = Buyer's Premium
2. One Hundred Percent (100%) of the buyer's premium will be paid to the Auctioneer as Commission.
3. In the event the successful buyer is represented by a licensed buyer's broker/agent, Auctioneer will pay the buyer's broker 0 percent (0%) of the high bid amount as buyer's broker/agent compensation / referral fee.
Final Contract Price: High Bid (reserve governing) + Buyer's Premium = FINAL Contract Price
Sales Contract Execution: Sales contract for purchase to be signed and executed no later than Sunday July 14, 2019 12 p.m. (noon) CDT.
Escrow / Down Payment: The purchaser at Auction will purchase the property on the following terms:
1. 10 percent (10%) down payment of High Bid price is due when declared winning bid on Auction Day, balance shall be due at Closing.
2. Buyer's Premium is due when declared winning bid on Auction Day. (High bid price x 5% = Buyer's Premium)
3. Items 1 & 2 must be paid in full with personal check, business check, cashier's check, made payable to United Land Title by 10 a.m. CDT Monday July 15, 2019. United Land Title will hold funds in escrow until closing.
4. United Land Title case info for payment:
File # 1905109: Tract 1 @ 77 Sandvos Drive, Scott City MO 63780
File # 1906009: Tract 2 @ 77 Sandvos Drive, Scott City MO 63780
5. United Land Title addresses / phone numbers:
1210 Greenway Drive, Jackson, MO 63755 573-204-8088
2911 Breckenridge Drive, Cape Girardeau, MO 63701 573-339-5700
5 S. Jackson Street, Perryville, MO 63775 573-605-1244
Facsimile or electronic signatures shall be valid as an original.
Possession: Possession will be given upon successful close of sale.
Tenant: Property is currently leased to long term tenant on crop share of 2/3 tenant / 1/3 owner basis. New owner will be entitled to 2019 owner proceeds.
Closing: Closing shall occur within 30 days of executed sale contract or as soon thereafter as applicable closing documents are completed.
Title: Seller shall furnish the buyer at seller's expense title commitment and a proper deed conveying merchantable title of the real estate to the buyer.
Taxes: All taxes shall be prorated to closing date.
Sellers: Donna L. Spies, Keith D. Baker, Christopher W. Spies.

Buyer Due Diligence: Seller and Auctioneer, Realtor(s), and/or Broker(s) do not attempt to provide Bidder with all of the information Bidder may need to make an informed decision about the Auction and Property. Bidder should obtain professional advice, inspect, and conduct due diligence on the Property, any occupancy of it, title, zoning, surrounding area, all information provided by Seller or Auctioneer, public records, Terms of Auction, Sale Contract, transaction contemplated, and all circumstances, defects, facts, issues, problems, and other relevant matter (collectively "Property Issues"). All information provided by
Auctioneer came from Seller and Public Record and is believed to be accurate, but neither Seller nor Auctioneer guarantees, represents, or warrants its accuracy or completeness and Bidder should not rely upon it without independent inspection and verification from sources Bidder knows to be reliable. Bidder has either performed all inspections and other due diligence that it deems necessary in advance of bidding in the Auction or bidder understands and fully accepts the risk of not having done so. No Property will be open for inspection following the Auction and through the time of closing the sale. Seller and Auctioneer, Realtor(s), and / or Broker(s) are not required to updated any information provided or published and will have no liability whatsoever for failing to do so.
Disclaimers: Participation in the Auction is at Bidder's sole risk. Seller and Auctioneer, plus their agents contractors, directors, employees, members officers, and representatives will have no liability what so every. To the fullest extent allowed by law, Seller and Auction unconditionally disclaim any guarantee, representation or warranty of every kind whether expressed, implied or statutory whether oral or written, whether past present, or future, with respect to all property issues, except as expressly provided in the Auction Terms & Conditions and the sale contract. All announcements made sale day take precedence over prior advertising either written or oral. All advertising and supplied information is believed to be accurate: however, this is no liability for its accuracy. Errors or omissions are assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers shall verify all information and inspections to their satisfaction. No contingencies. Land Measurements are per Scott County Mo Assessor's calculated acreages.
Real estate is being sold, "As Is, Where Is, and Subject To All Faults."
Copy Right For Auction: The Auction is the exclusive intellectual property of Auctioneer, covered by copyright protection, and may not be recorded, reproduced, or used in any form by anyone other than Auctioneer.
Release For Use: Bidders, Buyers, and other persons present at the Auction (collectively "Attendees") are advised that Auctioneer and its agents, contractors, employees, and/or representatives may record the Auction related matter and Attendees through audiotape, photography, motion pictures, and/or videotape for advertising, marketing, promotion, publicity, record, and/or trade purposes, and in consideration of being allowed to attend the Auction, Attendees unconditionally and irrevocably agree that their images and voices may be so recorded and used by Auctioneer in all types of media without territorial, time, or use limitation, and without compensation being owed or paid to Attendees by Auctioneer or Seller.

Auction Name: 77 Sandvos, Scott City, MO (physical location) Auction Type: Online Only Land Auction With Reserve Tract 1 contains 2 parcels: 018.0-33.00.000.000.001.30 (24.32 acres) & 01.33.00-000-000-013.00 (4.32 acres) in Section 33, Township 30, Range 14. Tract 1 is located west of the Mississippi River just outside the city of Scott City, MO. Highway frontages include State Highway K / Port Authority Road and Highway N. Tract 1 is also close to the SEMO Port Authority and The River House Winery. Opportunities include country home site, subdivision development, winery, hunting property. Current use is row crop. Please refer to the Auction Terms & Conditions for comprehensive information. Upon registration for the Auction, bidders will receive the Auction Bid Packet. Tract 2 contains 1parcel: 01-8.0-33.00-000-000-001.00 (28.96 acres) in Section 33, Township 30, Range 14. Tract 2 is located west of the Mississippi River just outside the city of Scott City, MO. Access frontage is from County Road 301 and Sandvos Drive. Tract 2 is also close to the SEMO Port Authority and The River House Winery. Opportunities include country home site, subdivision development, winery, hunting property. Current use is row crop. Please refer to the Auction Terms & Conditions for comprehensive information. Upon registration for the Auction, bidders will receive the Auction Bid Packet.