REAL ESTATE AUCTION

Property Information Package 204 Acres M/L of Hunter’s Heaven

701 Country Road 241, Armstrong, MO

conducted for

The Garven Children Saturday, July 28, 2007 • 12:30 PM Brent Voorheis, CAI, CES 573-874-5988 • 573-808-3989 R.E. Voorheis 573-874-5987 • 573-289-5987

Licensed Auctioneers & Real Estate Marketors • Harrisburg, MO

e-mail: [email protected] OntheWeb: www.VoorheisAuction.com

AUCTIONEER’S DISCLAIMER All information contained here in is believed to be correct to the best of the auctioneer’s knowledge. The information is being furnished to bidders for the bidder’s convenience and it is the responsibility of the bidder to determine that information contained herein is accurate and complete. Any reliance on the contents shall be solely at the recipient’s risk. Each bidder must conduct and rely solely upon its’ own investigation and inspection. The property is being sold “AS IS” with any and all faults. Please review all information supplied and seek appropriate assistance prior to attending and bidding at the auction. Announcements made from the auction podium take precedence over written matter and prior oral statements. Note: Under Title W, the purchaser of a single family residence built before 1978 has maximum of 10 days to inspect the property for the presence of lead-based paint. The period for the inspection begins July 17 through July 27, 2007.

“Sells Anything at Auction”

“Successful Auctions for OVER 45 years!”

R.E. Voorheis

11440 North Route J Harrisburg, MO 65256

Ph. 573-874-5987

Brent Voorheis, CAI, CES Licensed Auctioneers & Real Estate Practitioners

10877 North Route J Harrisburg, MO 65256-9730

Ph. 573-874-5988

Fax 573-449-6160 • E-mail: [email protected] • On the Web: www.VoorheisAuction.com

WELCOME TO THE AUCTION If you have never bought real estate at public auction, this will give you the opportunity to become acquainted with the most advanced method of marketing being used in the world today. In a recent survey conducted by the Gallup Organization, more than $60 billion worth of real property was sold at public auction. The National Association of Realtors predicts, in the near future almost 1 in 3 properties will be sold by auction. We believe the auction method of marketing is a win-win proposition for everyone involved. Real estate auctions benefit local neighborhoods and the general marketplace by insuring a timely and efficient sale, avoiding the problems associated with unsold and vacant properties. The auction method of marketing is the fairest way to determine market value. Through an open public forum of competitive bidding, the property’s true market value will be reached. Voorheis Auction and Realty has been conducting successful auctions for almost 50 years and you can expect the highest level of honesty and integrity. This property is being offered “AS IS, WHERE IS” with any and all faults. We encourage you to read through the PIP (including the enclosed contract for the sale of real property), and attend the previews prior to bidding at the auction. In addition, the sale is not contingent upon your ability to obtain financing before closing. Please pre-qualify yourself with a lender, and keep your limits in mind as you bid. The is a great opportunity for you to purchase Mid Missouri real estate....AT YOUR PRICE! Will Rogers said, “Buy Land, They Ain’t Making It Anymore”! Please call us at 573-808-3989 with any questions. Our experienced staff will be more than happy to assist you from the office, at the preview or at the auction. We look forward to seeing you at the auction, and GOOD LUCK with your bidding!

Brent Voorheis, CAI, CES

TERMS & CONDITIONS Terms: Successful bidder will pay $20,000 as earnest money, when signing real estate contract, day of auction, with the balance payable at closing in 30 days. Sellers will provide title insurance. Taxes will be pro-rated to closing. Possession will be granted at closing time. Owners are highly motivated to sell however the property does sell subject to the ownersʼ confirmation. “As Is, Where Is”: This property is being sold with any and all faults. Bidders must conduct and rely solely upon their own investigation and inspection. Agency Disclosure: In all transactions, the auctioneer is acting as agent for the seller, not as buyerʼs agent. Buyer's Premium: A 10% buyer's premium will be added to final bid price at the auction and that total will be the actual purchase price.

Plat Map of Garven Property

Aerial Map from ASC Office

House

County Road 241

N

Aerial View from Google Earth

Abundant Wild Life

The Garven Children

Howard

701 County Road 241

Armstrong, MO

refrigerator & kitchen range 20,000.00

August 28

G. G. Smith & Son

Fayette

Buyer understands that the cropland is rented and subject to the renter’s right to harvest the crop. The after harvest cropland rent payment will go to the buyer.

Disclosure of Information on Lead-Based Paint and/or Lead-Based Paint Hazards

Lead Warning Statement Every purchaser of any interest in residential real property on which a residential dwelling was built prior to 1978 is notified that such property may present exposure to lead from lead-based paint that may place young children at risk of developing lead poisoning. Lead poisoning in young children may produce permanent neurological damage, including learning disabilities, reduced intelligence quotient, behavioral problems, and impaired memory. Lead poisoning also poses a particular risk to pregnant women. The seller of any interest in residential real property is required to provide the buyer with any information on lead-based paint hazards from risk assessments or inspections in the seller’s possession and notify the buyer of any known lead-based paint hazards. A risk assessment or inspection for possible lead-based paint hazards is recommended prior to purchase. Seller’s Disclosure (a) Presence of lead-based paint and/or lead-based paint hazards (check (i) or (ii) below): (i) ______ Known lead-based paint and/or lead-based paint hazards are present in the housing (explain). _______________________________________________________________________________________

√ (ii) _____ Seller has no knowledge of lead-based paint and/or lead-based paint hazards in the housing. (b) Records and reports available to the seller (check (i) or (ii) below): (i) ______ Seller has provided the purchaser with all available records and reports pertaining to leadbased paint and/or lead-based paint hazards in the housing (list documents below). _______________________________________________________________________________________ (ii) _____ Seller has no reports or records pertaining to lead-based paint and/or lead-based paint √ hazards in the housing. Purchaser’s Acknowledgment (initial) (c) ________ Purchaser has received copies of all information listed above. (d) ________ Purchaser has received the pamphlet Protect Your Family from Lead in Your Home. (e) Purchaser has (check (i) or (ii) below): (i) _____ received a 10-day opportunity (or mutually agreed upon period) to conduct a risk assessment or inspection for the presence of lead-based paint and/or lead-based paint hazards; or (ii) _____ waived the opportunity to conduct a risk assessment or inspection for the presence of lead-based paint and/or lead-based paint hazards. Agent’s Acknowledgment (initial) (f) ________ Agent has informed the seller of the seller’s obligations under 42 U.S.C. 4852(d) and is aware of his/her responsibility to ensure compliance. Certification of Accuracy The following parties have reviewed the information above and certify, to the best of their knowledge, that the information they have provided is true and accurate.

__________________________________________________ Seller Date __________________________________________________ Purchaser Date __________________________________________________ Agent Date "RENT6OORHEIS AUCTIONEER

__________________________________________________ Seller Date __________________________________________________ Purchaser Date __________________________________________________ Agent Date

Broker Participation Form Terms & Conditions (This form must be submitted 24 hours prior to the auction.)

Thank you for participating in our real estate auction. Please read carefully the following information as well as the example given. Voorheis Auction & Realty must receive this affidavit of registration for bidder and broker/ salesperson at least 24 hours prior to the auction. If you are unsure or need additional information, please contact Brent Voorheis. Thank you.

Earn Up To 5%

Commissions paid to the participating broker accordingly: • A commission will be paid to the Broker representing the successful purchaser at settlement at a rate of four per cent of your client’s opening bid and an additional one per cent of the difference between the opening bid and final accepted high bid. For example: If you and your client agree to give an opening bid of $100,000 and the property sold to your client for a high bid of $150,000, the broker would receive 4% of the $100,000 (opening bid) and 1% of $50,000 for a total co-op fee of $4,500.00. To qualify, the Broker or Salesperson must: 1. Register bidder by mail or fax with Voorheis Auction & Realty at least 24 hours prior to the auction. 2. The Broker must provide an opening bid on the property. The buyer’s opening bid is $_________________. 3. Attend the auction with the bidder and bid for or with the registered bidder.

The undersigned hereby certify and agree to the following terms and conditions: • Commission will be paid to broker/salesperson upon closing and receipt of monies by Voorheis Auction & Realty, provided undersigned buyer is the successful bidder on the property located at 701 County Road 241, Armstrong, MO known as the Garven property. • Commission paid to broker/salesperson representing primary bidder only. • Commission paid only to broker/salesperson whose bidder is primary buyer, purchasing the day of auction. • Broker/salesperson and buyer hereby attest that broker/salesperson is serving as agent for the buyer and not as a principal involved in the purchase of the property. • Broker/salesperson and buyer, by placing their signatures below, certify they have inspected the subject property to their satisfaction for their intended uses, and understand and agree they are purchasing the real estate in “asis” condition with a clear, marketable and insurable title being the only guarantee. • Buyer acknowledges that Voorheis Auction & Realty represents the seller only in this transaction. • No broker/salesperson will be recognized on a bidder who has contacted or been contacted by the seller or Voorheis Auction & Realty staff. • Announcements day of auction take precedence over any prior, written and/or oral information. • No exceptions to the above conditions. ________________________________________

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Real Estate Company

Broker/Salesperson Signature

Date

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Office Phone

Cell Phone

Print Potential Buyer’s Name

Potential Buyer’s Signature

Date

10877 North Route J • Harrisburg, MO 65256-9730 Phone: 573-874-5988 • E-mail: [email protected] Fax: 573-449-6160 • Web: www.voorheisauction.com

LOCATION MAP