Prospectus for 11-25-2016 & 11-26-2016 White Family Trust Real Estate & Personal Property Auction, H

Ray and Carroll Counties

White Family Trust Land & Equipment Auction

1215 Acres M/L offered in 6 Tracts All land located in the Hardin, Carrollton/Tina area

TRACT 1

TRACT 2

T52N – R26W – Sec. 26 & 35 231 Ac. m/l FSA Tillable @ 229.54 Ac.

T53N – R26W – Sec. 31 & 32 298 Ac. m/l FSA Tillable @ 238.89 Ac.

TRACT 3

TRACT 4

T53N – R26W – Sec. 31 238 Ac. m/l FSA Tillable @ 182.56 Ac.

TRACT 5

T54N – R23W – Sec. 18 & 19 152 Ac. m/l FSA Tillable @ 123.13

T53N –R26W – Sec. 18 &19 218 Ac. m/l FSA Tillable @ 159.50

TRACT 6

T54N – R22W – Sec. 7 78 Ac. m/l FSA Tillable @ 62.32

Land Sells -

Friday, November 25, 2016 6:00 p.m.

Goppert Community Building, Norborne, MO Equipment Offered Saturday, November 26, at the Farm Tract 2

Seller: Brad White, Trustee Sandra Cantrell, Susan White, and Sherry Engelbrecht For Sale Information Contact

Mike Williams 816-797-5450 mike@wheelerauctions.com mike@wheelerauctions.com

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Table of Contents Auction Notes..........................................................................................................3 Terms and Conditions.............................................................................................4 Tract 1 Plat Map.......................................................................................................5 Tract 1 Track Map....................................................................................................6 Tract 1 Soil Map.......................................................................................................7 Tract 1 Photo Gallery..............................................................................................10 Tract 2, 3, and 4 Plat Map........................................................................................11 Tract 2 and 3 Assessors Map.................................................................................12 Tract 2 and 3 Soil Map.............................................................................................13 Tract 2 and 3 Photo Gallery....................................................................................14-15 Tract 4 Assessor Map..............................................................................................16 Tract 4 Soil Map.......................................................................................................17 Tract 4 Photo Gallery..............................................................................................18 Tract 5 and 6 Plat Map.............................................................................................19 Tract 5 and 6 Assessor Map...................................................................................20 Tract 5 and 6 Soil Map.............................................................................................21 Tract 5 and 6 Photo Gallery....................................................................................22 Equipment List and Photos....................................................................................23-24 Contract....................................................................................................................25-31

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White Family Trust Land

The culmination of land acquisitions by Allen White Family Trust will be dispersed at 6:00 p.m. Friday, November 25, 2016 at the Goppert Building in Norborne, MO. These landholdings represent a diversified farming operation of primarily Row Crop, Pasture and Hay Land with abundant wildlife in the area to offer rewarding hunting experiences as well. The 1215 acres M/L has 995.94 acres of FSA Tillable with 985 acres in Ray County and 230 acres in Carroll County. The corral system on Tract 4, the Harvestore, and machine shed on the home place of Tract 2, and the nearly 100% tillable bottom ground of Tract 1 are all attributes that can endear one to the property. The well fenced, plenty of water-pasture land North and East of Carrollton can be farmed but certainly fit well with the Whites intended use of cattle production.

On Saturday, November 26 at 10:00 a.m. We will sell the farming equipment held by the White Trust at the corner of White House Rd. and 144th St on Tract 2, the home place.

A list of equipment is on pages 23-24 of this prospectus.

It is an honor for Wheeler Auctions to be a part of this Land and Equipment offering. We hope you will plan to be with us for these two events, visit with the White Family and exercise your option to buy land from the White Family Trust.

Chas and Mike

Feel free to view this farm at your leisure or For Sale Information Contact: Wheeler Auction Representative,

Mike Williams • 816-797-5450 mike@wheelerauctions.com • Website: www.wheelerauctions.com SALE DAY CELL PHONES

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Chas Wheeler 573-473-2508 Mike Williams 816-797-5450 Charlie Nordwald 636-795-4552 Kirby Fecht 217-248-2906 Sonny Ketchum 523-721-2021

AUCTION Information 1215 Acres m/l 996 Acres m/l FSA Tillable Crop Land and Pasture Offered in 6 Tracts Land Sale Date: Friday after Thanksgiving, November 25, 2016 at 6:00 p.m.

Land Auction Location: Goppert Community Center, 201 S. Pine Street, Norborne, MO 64668 Equipment Sale Date: Saturday, November 26, 2016 at 10:00 a.m. at the Tract 2 Home Place Location.

Method of Auction: We will sell the tracts as stand-alone parcels beginning with Tract 1 and finishing with Tract 6. We will not tie any Tracts together so if you want more than one Tract you will need to be the top bidder on the tracts you want.

Escrow Payment: A 10% non-refundable deposit payable to Ray County Title Company is due at contract signing immediately following the land auction.

Closing: is expected at the title company office on or before Friday, December 30, 2016 Utilities: Farmers Electric services the entire Ray Co. area. Tract 2 is the only Tract that has Electric Service on the property. Rural water is not run to the farmstead and the home was watered via a deep well. The Tract 4 is serviced with Rural Water #2 of Ray Co. The Carroll County Farm Northeast of Carrollton has active KCPL Utilities and Rural Water.

Title Expenses: Sellers and Buyers will split 50/50 the cost of all Title Work including the Title Commitment, Recording of Deeds, Closing Costs and Title Insurance.

School Districts: Tracts 1-4 Ray Co. properties are in the Hardin-Central C-2 School District Tract 5 Carroll Co. property are in the Tina-Avalon School District

Tract 6 Carroll Co. property are in the Bosworth School District Taxes: Sellers will pay the 2016 property taxes. Buyers will be responsible for the 2017 taxes and beyond.

Possession of land is given at closing. The approximate 400 tons of bulk silage will need to be moved by April 1, 2017. The approximate 300 bales of mixed clover and grass net-wrapped hay will need to be moved by December 31, 2016 Tenant’s: No tenant agreements are in place for 2017 Sells with confirmation of bid price by the seller NO BUYERS PREMIUM AT THIS AUCTION –what you bid is what you pay

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Auction Terms and Conditions Down Payment: Ten percent (10%) nonrefundable down payment the day of auction, upon signing a purchase agreement immediately following the close of bidding. The down payment may be paid in the form of personal check, business check, or cashiers check. The remainder of the purchase price is payable at closing within 30 days. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING. Be sure you have arranged financing, if needed, and are capable of paying the balance at closing.

Title: Sellers shall provide and execute a proper deed conveying the real estate to the buyer(s). will split the closing costs, tile insurance, recording fees and title commitment.

Buyer and seller

Possession: Possession will be given at closing on or before Friday, December 30, 2016, . There are no tenant rights in place for 2017 Real Estate Taxes: The real estate taxes for the year 2015 are paid by the seller. The 2016 taxes will be paid by the seller. The buyers shall be responsible for 2017 taxes and all periods thereafter.

Mineral Rights: The sale shall include 100% of the mineral rights owned by the sellers.

Easements: Sale of the property is subject to any and all easements of record.

Acreage: All acreage is determined from tax documents, current legal descriptions, and assessors’ maps.

Survey: Any need for a survey shall be determined solely by the sellers. With the legal descriptions in place and determined to be 231 acres m/l in Tract 1, 298 acres m/l in Tract 2, 238 acres m/l in Tract 3, 218 acres m/l in Tract 4, 152 acres m/l in Tract 5 and 78 acres m/l in Tract 6 no need for a survey is warranted.

Closing: Anticipated closing date shall be on or before Friday, December 23, 2016 or on a date mutually agreed upon by the buyer(s) and the sellers conducted at the office of Ray County Land Title, LLC, 203 West Main, Richmond, MO 64085 Agency: Wheeler Auctions & Real Estate and its representatives are Exclusive Agents for the sellers.

Disclaimer: The property is being sold on an “as is, where is” basis, and no warranty or representation, either express or implied, concerning the property is made by either the sellers or the auction company. Each bidder is responsible for conducting its own independent inspections, investigations, and all due diligence concerning the property and the auction. Information contained in this brochure is subject to verification by all parties relying on it. Diagrams/dimensions in this brochure are approximate. Acreage is estimated. All information contained in this brochure and any related materials are subject to the terms and conditions of sale outlined in the purchase contract. Auction conduct and bidding increments are at the sole direction and discretion of the auctioneer. All decisions of the auctioneer are final. The sellers and the Auction Company reserve the right to preclude anyone from bidding if there is a question as to the person’s credentials, 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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Plat Map - Tract 1 T52N – R26W – Sec. 26 & 35

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assessor map - Tract 1

RAY COUNTY 231 Ac. m/l FSA Tillable @ 229.54 Ac. All cropland located: 1 ½ miles East of Hardin on HWY 10 and 1 mile North on Little Brick Rd.

TRACT 1

2015 Taxes: $620.62 & Norborne Drainage Dist. Tax of $795.76 Crop Yields: 2013 Corn @ 165 bu/ac Soybeans @ 42 bu/ac 2014 Corn @ 205 bu/ac Soybeans @ 54 bu/ac 2015 Corn @ 198 bu/ac Soybeans @ 48 bu/ac 8

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soil map - Tract 1 Soils Map

State: County: Location: Township: Acres: Date:

Missouri Ray 26-52N-26W Crooked River 262.58 10/12/2016

Soils data provided by USDA and NRCS.

Area Symbol: MO177, Soil Area Version: 13 Code

Soil Description

Acres

Percent of field

Non­Irr Class Legend

Non­ Corn Tall Warm Orchardgrass Irr fescue season red clover Class grasses *c

Common bermudagrass

Grain sorghum

Soybeans

Winter Alfalfa Caucasian wheat hay bluestem

Pasture

Wh

13501 Aholt clay, 0 to 2 percent slopes, occasionally flooded

134.66

51.3%

IIIw

8

9

6

7

13547 Levasy silty clay, 0 to 2 percent slopes, occasionally flooded

70.59

26.9%

IIIw

8

9

7

7

66007 Leta silty clay, 0 to 2 percent slopes, occasionally flooded

23.39

8.9%

IIw

8

9

7

7

13598 Booker silty clay, frequently ponded, 0 to 2 percent slopes, occasionally flooded

22.14

8.4%

Vw

8

9

7

8

13512 Cotter silt loam, 0 to 2 percent slopes, rarely flooded

11.80

4.5%

Iw

10

7

8

6

7

5

4

2

6

8

8

Weighted Average

0.4

8

9

6.4

7.1

0.2

0.2

0.1

0.3

0.4

0.4

Area Symbol: MO177, Soil Area Version: 13 *c: Using Capabilities Class Dominant Condition Aggregation Method Soils data provided by USDA and NRCS.

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PHOTO GALLERY - Tract 1

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Plat Map Tracts 2, 3, and 4 T53N – R26W – Sec. 18, 19, 31 & 32

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assessor map- Tracts 2 and 3 TRACT 2 298 Ac. m/l FSA Tillable @ 238.89 Ac. TRACT 3 238 Ac. m/l FSA Tillable @ 182.56 Ac. Pasture, Hay, and Cropland located: Tract 2 and Tract 3 lay East and West of White House Rd., 4 miles North of Hardin on HWY A, 3 miles West on HWY E to 144th St., then ¼ North and ¼ East to White House Rd.

TRACT 2

TRACT 3 2015 Taxes: Combined in 15’ to be $1679.59 and $419.43 (These will be split by tracts for the 2017 taxes) Combined Crop Yields for Tract 2 and Tract 3:

2013 Corn @ 170 bu/ac Soybeans @ 49 bu/ac 2014 Corn @ 190 bu/ac Soybeans @ 51 bu/ac

2015 Corn @ 162 bu/ac Soybeans @ 47 bu/ac

2016 yield info will be posted on the web-site as it becomes available 12

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soil map Tracts 2 and 3 Soils Map

State: County: Location: Township: Acres: Date:

Missouri Ray 31-53N-26W Grape Grove 535 10/12/2016

Soils data provided by USDA and NRCS.

Area Symbol: MO177, Soil Area Version: 13 Code

Soil Description

Acres

Percent of field

Non­Irr Class Legend

Non­Irr Common Class *c bermudagrass

Caucasian bluestem

Warm season grasses

Alfalfa Orchardgrass hay red clover

Tall fescue

10122 Sharpsburg silt loam, 5 to 9 percent slopes, eroded

268.91

50.3%

IIIe

7

8

8

5

8

7

10120 Sharpsburg silt loam, 2 to 5 percent slopes

85.33

15.9%

IIe

7

8

8

5

8

7

10123 Sharpsburg silt loam, 9 to 14 percent slopes, eroded

72.08

13.5%

IVe

7

8

8

5

8

7

10023 Greenton silty clay loam, 9 to 14 percent slopes, severely eroded

31.09

5.8%

VIe

7

8

8

5

8

7

10141 Snead­Rock outcrop complex, 14 to 30 percent slopes

26.41

4.9%

VIe

4

6

6

3

5

4

30120 Lagonda silty clay loam, 5 to 9 percent slopes, eroded

21.68

4.1%

IIIe

7

8

8

5

8

7

10133 Sibley silt loam, 5 to 9 percent slopes

10.68

2.0%

IIIe

7

8

8

7

7

7

10021 Greenton silty clay loam, 5 to 9 percent slopes, eroded

9.27

1.7%

IIIe

7

8

8

5

8

7

10142 Snead­Rock outcrop complex, 5 to 14 percent slopes

8.72

1.6%

IVe

4

6

6

3

5

5

13629 Colo silt loam, 1 to 4 percent slopes, occasionally flooded

0.83

0.2%

IIw

7

10

7

8

Weighted Average

6.8

7.9

7.9

4.9

7.8

6.8

Area Symbol: MO177, Soil Area Version: 13 *c: Using Capabilities Class Dominant Condition Aggregation Method Soils data provided by USDA and NRCS.

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PHOTO GALLERY - Tract 2

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PHOTO GALLERY - Tract 2

PHOTO GALLERY Tract 3

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assessor map Tract 4 218 Ac. m/l FSA Tillable @ 159.50 Pasture and Hay Ground Located: 4 Miles North of Hardin on HWY A then 5 Miles East and North on E HWY to Property.

TRACT 4

2015 Taxes: $413.88

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soil map Tract 4 Soils Map

State: County: Location: Township: Acres: Date:

Missouri Ray 19-53N-26W Grape Grove 214.2 10/11/2016

Soils data provided by USDA and NRCS.

Area Symbol: MO177, Soil Area Version: 13 Code

Soil Description

Acres Percent of field

Non­Irr Class Legend

Non­Irr Common Class *c bermudagrass

Caucasian bluestem

Warm season grasses

Alfalfa Orchardgrass hay red clover

Tall fescue

10023 Greenton silty clay loam, 9 to 14 percent slopes, severely eroded

31.39

14.7%

VIe

7

8

8

5

8

7

10120 Sharpsburg silt loam, 2 to 5 percent slopes

27.50

12.8%

IIe

7

8

8

5

8

7

30016 Armster clay loam, 9 to 20 percent slopes, severely eroded

25.82

12.1%

VIe

7

8

8

5

8

7

30020 Armster loam, 5 to 9 percent slopes, eroded

21.22

9.9%

IIIe

7

8

8

5

8

7

10142 Snead­Rock outcrop complex, 5 to 14 percent slopes

20.56

9.6%

IVe

4

6

6

3

5

5

13626 Nodaway silt loam, 1 to 3 percent slopes, occasionally flooded

17.14

8.0%

IIw

7

9

8

8

10139 Snead silty clay loam, 5 to 14 percent slopes

16.71

7.8%

IVe

4

7

7

4

6

5

30024 Armster loam, 9 to 14 percent slopes, eroded

16.32

7.6%

IVe

7

8

8

5

8

7

10021 Greenton silty clay loam, 5 to 9 percent slopes, eroded

13.41

6.3%

IIIe

7

8

8

5

8

7

30120 Lagonda silty clay loam, 5 to 9 percent slopes, eroded

7.00

3.3%

IIIe

7

8

8

5

8

7

10022 Greenton silty clay loam, 5 to 9 percent slopes, severely eroded

6.05

2.8%

IVe

7

8

8

5

8

7

13563 Nodaway silt loam, 0 to 2 percent slopes, occasionally flooded

4.84

2.3%

IIw

10138 Snead silty clay loam, 14 to 30 percent slopes

4.01

1.9%

VIe

4

7

7

4

6

5

10122 Sharpsburg silt loam, 5 to 9 percent slopes, eroded

1.27

0.6%

IIIe

7

8

8

5

8

7

10069 Ladoga silt loam, 2 to 5 percent slopes

0.50

0.2%

IIe

7

8

8

5

8

7

10073 Ladoga silty clay loam, 5 to 14 percent slopes, severely eroded

0.46

0.2%

IVe

7

8

8

5

8

7

Weighted Average

6.3

6.9

7.6

4.2

7.3

6.5

Area Symbol: MO177, Soil Area Version: 13

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photo gallery - Tract 4

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tracts 5 plat and map 6 Tracts 5 and 6

TRACT 5 - T54N – R23W – Sec. 18 & 19 TRACT 6 – T54N – R22W – Sec. 7

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assessor map Tracts 5 and 6

TRACT 5 152 Ac. m/l FSA Tillable @ 123.13 TRACT 6 78 Ac. m/l FSA Tillable @ 62.32 Pasture and Hay Located: 10 Miles North of Carrollton on HWY 65 then East 3 Miles on HWY M, then 1 ½ Mile North on Rd 281.

TRACT 6

TRACT 5 Grain belt power line easement on Tract 5 Pipe line easement on Tract 5 and 6

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TRACT 5 2015 Taxes: $437.69 TRACT 6 2015 Taxes: $574.68

Soil map Tracts 5 and 6 Soils Map

State: County: Location: Township: Acres: Date:

Missouri Carroll 12-54N-23W Van Horn 233.29 10/12/2016

Soils data provided by USDA and NRCS.

Area Symbol: MO033, Soil Area Version: 16 Code

Soil Description

Acres Percent of field

Non­Irr Class Legend

Non­Irr Common Class *c bermudagrass

Caucasian bluestem

Warm season grasses

Alfalfa Orchardgrass hay red clover

Tall fescue

30019 Armster loam, 5 to 9 percent slopes

53.46

22.9%

IIIe

7

8

8

5

8

7

30119 Lagonda silty clay loam, 2 to 5 percent slopes, eroded

44.75

19.2%

IIIe

7

8

8

5

8

7

30081 Greenton silty clay loam, 9 to 14 percent slopes, eroded

41.50

17.8%

IVe

7

8

8

5

8

7

30120 Lagonda silty clay loam, 5 to 9 percent slopes, eroded

28.73

12.3%

IIIe

7

8

8

5

8

7

30075 Gosport silty clay loam, 9 to 14 percent 20.25 slopes

8.7%

IVe

4

7

7

4

6

5

13510 Colo silty clay loam, 0 to 2 percent slopes, occasionally flooded

16.49

7.1%

IIw

10021 Greenton silty clay loam, 5 to 9 percent 14.33 slopes, eroded

6.1%

IIIe

7

8

8

5

8

7

10120 Sharpsburg silt loam, 2 to 5 percent slopes

11.83

5.1%

IIe

7

8

8

5

8

7

1.95

0.8%

30085 Grundy silt loam, 2 to 5 percent slopes

IIIw

Weighted Average

6.2

7.3

7.3

4.5

7.2

6.3

Area Symbol: MO033, Soil Area Version: 16 *c: Using Capabilities Class Dominant Condition Aggregation Method Soils data provided by USDA and NRCS.

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Photo Gallery - Tracts 5 and 6

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EQUIPMENT AUCTION Saturday, November 26, at the Farm Tract 2 TRUCKS & TRAILERS: 2005 Chevy 1500 Truck, 95,169 miles, Z71, 4WD 2012 Chevy 3500 Reg. Cab Truck, Bramco Spike Flatbed, 4x4, 6.0 Gas Engine, 41,000 miles, Single Wheel 1987 GMC Truck, Omaha Standard Bed, Wood Bed, Hoist Single Axle 1997 Mercury Marquis 1956 Ford Truck, Grain Body 1994 Jet Grain Hopper Bottom Grain Trailer, 22’ 2007 Featherlite Livestock Trailer, 24’ TRACTORS: 2009 Case IH Puma 195 Tractor, 2429 hrs, C/A/H, MFWD, 18 spd., P.S., Weights, 4 Remotes, 20.8x42 Tires with Duals 2005 Case IH Maxxum 135 Tractor, 6420 hrs, w/ LX-156 Loader, C/A/H, MFWD 1990 Case IH 7120 Tractor, Approx 16,000 hrs, C/A/H, MFWD, P.S., 4-Reverse, 20.8x38 Rear Tires w/ Duals 1970 David Brown 1200 Tractor, w/Loader 1945 Oliver 70 Industrial Tractor FARM IMPLEMENTS 2-Kelly Ryan Feed “R” Wagons, 5x12 2008 Bush Hog 12715 Brushcutter, 15’ 2010 NH HT154 Wheel Rake, H.P, 12 Wheel w/ Kicker 2013 Jet Flo 10”x60’ Grain Auger JD 314 Moldboard Plow Dual Side Dump Silage/Forage Wagon 14’ Box Wagon Krause Disc, 25’ Krause Field Cultivator, 24’ 1991 Westendorf TA76 Loader 1993 Bush Hog 2620, 20’ Brush Cutter Country Clipper Zero Turn Mower, 48” Deck 2006 JD 3975 silage chopper Two RRC head Pickup head 1995 NH 258 hay rake CATTLE EQUIPMENT AND FEED: 10-Poly Hay Rings Cox 150 Feeder, w/Creep Gates Cox 300 Feeder 7-Steel Cattle Troughs 6-Mineral Feeders 300+ Bales of Net Wrapped Clover and Mixed Hay 400 Tons of Silage Wagon Load of Misc Items mike@wheelerauctions.com

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equipment photos

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AGREEMENT TO PURCHASE REAL ESTATE AT PUBLIC AUCTION THIS AGREEMENT TO PURCHASE REAL ESTATE AT PUBLIC AUCTION (later called the “Agreement”), made and entered into as of Friday the twenty fifth day of November, 2016 by and between White Family Trust, Brad White Trustee, (collectively later called the Seller) and______________________________________________________________ ______________________________________________________________________ ___________________________ (later called the “Purchaser”), as the highest bidder on the property (as defined in Paragraph 1) at the public auction on this date (the “Auction”), is made subject to the following terms, covenants and conditions: 1. PROPERTY: Seller agrees to sell and Purchaser agrees to purchase tract(s) _______ containing __________ more or less total acres of real estate situated in Ray County or Carroll County. Purchaser hereby acknowledges and understands that the Property is being sold on an “as is where is” basis. Purchaser further acknowledge that this Agreement is not contingent upon financing and that failure to close this transaction on or before Friday, December 30, 2016 due to any delay caused by Purchaser shall constitute a forfeiture of the Earnest Money.

2. PURCHASE PRICE: Purchaser agrees to pay to the Seller the total sum of _______________________________________________________________________ (the “purchase price”).

Purchase price is figured from: _______________________________________________________________________ _______________________________________________________________________ _______________________________________________________________________ _______________________________________________________________________.

Upon execution of this agreement, the Purchaser will pay by check and not in cash _______________________________________________________________________ (which amount is equal to ten percent (10%) of the Purchase Price as Earnest Money made payable to and to be held in the escrow account of Ray County Land Title, LLC as escrow agent, there under for delivery to the Seller at the time of closing or as otherwise provided for herein.

The balance of the Purchase Price shall be paid by Purchaser to the Seller at closing in cash or form of payment acceptable to the Seller.

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3. TITLE: Seller shall furnish Purchaser with an Owners Title Insurance Commitment (Title Commitment), issued by Ray County Land Title, LLC. Title insurance premium paid for by the sellers. The Title Commitment shall commit the subject title company to issue.

Purchaser its standard owner’s policy in the amount of the purchase price, showing title to the Property in the name of the Seller. In the event that the Seller is unable to convey the Property in accordance with the terms of this agreement, Purchaser shall elect to either (a) take the Property encumbered with the objectionable exceptions to the title and waive any and all objections thereto without abatement of the Purchase Price, or (b) receive a refund of the Earnest Money, and upon such refund being made, this Agreement shall terminate and be of no further force and effect.

4. SURVEY: If survey is necessary, survey shall be provided at Seller’s expense a new survey reflecting the legal description, acreage and boundary lines for any Tract of the Property where there is no existing legal description or where new boundaries are created by the divisions of Tracts at the Auction. Any need for a survey shall be determined at the sole discretion of the Seller. If a new survey is determined to be necessary by the Seller, the Purchase Price shall be adjusted to reflect any difference between the bid acreage and the surveyed acreage. Purchaser will then have a revised Purchase Price calculated

by Multiplying the surveyed acreage by the actual Purchase Price per Acre indicated in Paragraph 2.

5. CLOSING AND POSSESSION: The “Closing” shall take place on or before Friday, December 30, 2016, at the office of Ray County Land Title, LLC, Richmond, MO and at a time designated by the Seller and agreed upon by the buyer. Concurrently with the Closing, Purchaser shall pay to the Seller the Purchase Price, less the Earnest Money as provided for herein. Upon full receipt of the entire Purchase Price by Seller, Seller shall deliver to Purchaser special warranty deeds from each selling entity conveying title in the property to the Purchaser. Purchaser shall pay the charge for recording the Deed. Seller and Purchaser agree to execute any real estate transfer declarations required by the state, county or municipality in which the Property is located. The Seller and Purchaser agree to provide and to execute such further documents as may be necessary or customary to close this Agreement (e.g., Seller Affidavit; FITPTA Affidavit; Organizational documents and closing statement) and equally for closing costs. Purchaser shall be entitled to possession of the property on the Closing date.

6. CASUALTY: Seller will keep the Property and Improvements insured until closing. If the improvements on the property are substantially damaged or destroyed by fire or other casualty prior to closing, then Buyer will have the option of accepting all of the insurance proceeds and proceeding to close this Agreement, or terminating this Agreement. If this Agreement is terminated due to this paragraph then the earnest money will be returned to the Buyer.

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7. WARRANTIES: Purchaser acknowledges that Purchaser has been given an opportunity for a full inspection of the property and related information and further acknowledges with respect to this agreement that Purchaser is satisfied in all respects with the condition of the Property and all matters pertaining thereto. Purchaser accepts the Property “as is” and in its present condition with Purchaser assuming risk thereof.

Purchaser understands that Seller makes no warranty or representation of any kind, either implied or expressed or arising by particular purpose of the Property or any portion thereof, and in no event shall Seller be liable for consequential damages. Purchaser acknowledges that Seller has not agreed to perform any work on or about the Property as a condition of Purchaser’s purchase of it.

8. MINERAL RIGHTS: One hundred percent (100%) of the mineral rights owned by Seller with respect to the Property, if any, shall be conveyed to Purchaser at Closing.

9. REAL ESTATE TAXES AND ASSESSMENTS: Real Estate taxes for the calendar year 2016 shall be paid by the seller. Purchaser shall assume and pay real estate taxes for the Property for all periods thereafter.

10. DEFAULT: If Purchaser fails to perform any obligation imposed by this Agreement, Seller may serve written notice of default upon Purchaser and if such default is not corrected within ten (10) days thereafter, then, at the option of the Seller, this Agreement shall terminate and the Seller shall be entitled to retain the Earnest Money paid hereunder as liquidated damages. The foregoing remedy in the event of default is not intended to be the exclusive remedy of Seller, and Seller shall have the right to seek any other remedies available at law or equity, including but not limited to specific performance. Default by Purchaser shall entitle Seller to court costs and reasonable attorney’s fees incurred in enforcing the provision of this Agreement.

In the event of failure of Seller to perform the obligations imposed by this Agreement, Purchaser’s sole remedy hereunder is to terminate this Agreement and receive a refund of the Earnest Money upon similar notice served upon Seller and similar expiration time period.

The Escrow Agent, upon receiving an affidavit from the non-defaulting party stating that this Agreement has been terminated as provided herein, shall be entitled to rely upon such affidavit and shall deliver the earnest money to the non-defaulting party.

11. ENVIRONMENTAL: The Purchaser acknowledges that the Seller has not made and hereby disclaims any and all representations and warranties, either express or implied, regarding the environmental condition of the Property. The Purchaser shall rely upon its own independent investigation, inspection, inquiry, analysis, and due diligence to evacuate and ascertain the environmental condition of the Property. The Purchaser has been advised that the Property is being sold “as is, where is” and that Seller is not representing or warranting that the condition of the Property is in accordance or compliance with any past, present, or future federal, state or local environmental laws, regulations, requirements, or standards. mike@wheelerauctions.com

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As a matter of corporate policy, Seller makes it a practice to expressly advise any purchaser that the improvements on the Property include materials, which may contain asbestos, and encourages Purchaser to investigate specifically whether asbestos containing materials exist on the Property.

12. PROVISIONS RELATING SPECIALLY TO SELLER/TRUST/ TRUSTEES/ EXECUTOR AND THEIR RESPECTIVE SPECIAL CIRCUMSTANCES: Trustee/ Executor Disclaimer. Each fiduciary comprising Seller executes this instrument only in its representative capacity and shall not be bound or obligated hereunder except in such capacity. Purchaser acknowledges and agrees that this Agreement is made by such fiduciaries solely in their fiduciary capacity as described in the signatures affixed hereto, and that such fiduciaries shall not be liable for any breach or any failure to perform any obligation under this Agreement except from assets held in the fiduciary capacity described.

13. PROVISIONS RELATING TO THE AUCTION COMPANY/ AUCTIONEER/BROKERS/ FINDERS/AGENTS: (a) This Agreement is solely between Seller and Purchaser. Wheeler Auctions & Real Estate, L.L.C. (the “Auction Company�) and its licensed auctioneers are employed by the Seller. The Auction Company and its auctioneers shall not be liable for any patent or latent defects or deficiencies existing in the Property, improvements or other appurtenant structures thereon, nor for any information provided to the Purchaser. The Purchaser acknowledges that it has conducted its own independent investigations, inspections, inquiries and due diligence concerning the Property. (b) Commission. Notwithstanding any other provisions of this Agreement, the right to commission, if any, payable to any agent representing either party to this Agreement shall not vest until the transaction is closed, and shall be payable only out of proceeds of closing and said agent shall have equal right to any portion of Earnest Money forfeitures.

14. IRS 1031 TAX EXCHANGE DECLARATION (Optional): It is agreed between the purchaser(s) and seller(s) that a material part of the consideration to the Purchasers for purchasing is that the Purchaser has the option to qualify this transaction as part of a tax-deferred exchange under Section 1031 of the Internal Revenue Code of 1986 as amended. Sellers agree that Purchaser may assign this Agreement to an exchange intermediary of Purchasers choice. Purchaser agrees that any and all additional expense, if any, shall be borne by Purchaser and Sellers agree to fully cooperate to complete the exchange.

Seller hereunder desires to exchange, for other property of like kind and qualifying use within the meaning of Section 1031 of the Internal Revenue Code of 1986, as amended and the Regulations promulgated there under, fee title in the property which is the subject of this Contract. Seller expressly reserves the right to assign its rights, but not its obligations, hereunder to a Qualified Intermediary as provided in IRC Reg. 1.1031(k)-1(g) (4) on or before the closing date.

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15. MISCELLANEOUS: (a) Jurisdiction. This agreement shall be construed in accordance with the laws of the State of Missouri. Any provision of this Agreement which is unenforceable or invalid, or the inclusion of which would affect the validity, legality, or enforcement of this Agreement shall be of no effect, but all the remaining provisions of the Agreement shall remain in full force and effect. (b) Entire Agreement. This Agreement contains the entire agreement of the parties and no representations, warranties or agreements have been made by either of the parties except as set forth in this Agreement. (c) Heirs, Successors and Assigns. This Agreement shall ensure to the benefit of and shall be binding upon the Seller and Purchaser and their respective heirs, successors, and permitted assigns, provided, however, that Purchaser may not assign its rights or obligations hereunder without the prior written consent of the Seller. (d) Time is Of the Essence. The time for performance of the obligations of this Agreement is of the essence. (e) Notice. All notices shall be in writing and shall be deemed to have been properly delivered as of the time of delivery if personally delivered or as of the time deposited in the mail systems if sent by United States certified mail, return receipt requested, and postage prepaid.

16. FSA/NRCS: Seller is obligated to maintain (if any) the current FSA Program and Basis on the above listed real estate. Buyer agrees to the division of FSA Program data as a percent of cropland acres per tract. Buyer assumes the responsibility of any and all FSA or NRCS Programs currently in place. Buyer will be required to maintain and comply with FSA regulations of the CRP contract.

17. Tenant Rights: Present tenant’s rights prevail if any.

18. SPECIAL AGREEMENTS (if any): No tenant agreements are in place for 2017.

All acreages are approximate and accurate to the best of our ability using assessors aerials, measurements and legal descriptions. The selling price based on the acreage multipliers is final and no future adjustments in sale price will be granted to either the buyer or seller of said acreages or Tracts.

The approximate 400 tons of bulk silage located on Tract 2 will need to be moved by its purchaser on or before April 1, 2017. The approximate 300 bales of mixed clover and grass net-wrapped hay will need to be moved by December 31, 2016 _______________________________________________________________________ _______________________________________________________________________ _______________________________________________________________________ mike@wheelerauctions.com 29

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IN WITNESS WHEREOF, the parties have executed this Agreement in three counterparts, each of which shall be deemed an original instrument, as of the day, month and year first above written.

SELLER:

PURCHASER:

____________________________ Brad White – Trustee 47253 E. 155th St. Hardin, MO 64035

____________________________

Attorney for the Trust Tom Bowman 206 W. Main St. Richmond, MO 64085 816-776-2294

____________________________ ____________________________ ____________________________ Address _____________________ ____________________________ ____________________________ City, State, Zip ________________ ____________________________ ____________________________

Date ________________________ Ray County Land Title, LLC 203 W. Main, Richmond, MO 64085 Robert Smith 816-470-6500 robert@raycolandtitle.com

Phone _______________________ Email ________________________ Lender Contact ________________ ____________________________ ____________________________

mike@wheelerauctions.com

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