Wednesday, July 23,2008 10:00 AM  thru  12:00 PM
Tuesday, August 05,2008 02:00 PM  thru  04:00 PM

The auction tracts are located approximately 15 miles north of Interstate 435 off Highway 169. Watch for auction signs! For detailed tract locations or driving directions please contact the auction company.

Embassy Suites, Kansas City International Airport, 7640 NW Tiffany Springs Parkway, Kansas City, MO 64153

For the Investor/Developer A tremendous opportunity north of Kansas City. Stay in front of the trend, development is moving north. Purchase an income producing property and realize great returns.

For the Individual Home Builder Escape the city and find peace in the secluded countryside. Just minutes north of Kansas City the area offers peace and tranquility for everyone. Numerous building lots ranging in size, all with good road frontage.

For the Farmer Expand you current farming operation, carving out the acres that meet your needs. Farm now, with the potential to capitalize on short term appreciation.

Property Information: Real Estate Taxes are approximately $4.00 per acre. Primary soil types are Higginsville, Sharpsburg, Lamoni, Marshall and Colo. Excellent Fertility Tract 3 includes an old farmhouse with outbuildings and 110,000 bu. of grain storage built in 2005. Tract 8 includes a house built in 2000 with 3,500 sq. ft. and 5 bedroooms along with two 60' x 70' machine sheds & 40' x 45' horse barn. This tract also contains 193,000 bu. of grain storage built in 1997 and expanded in 2004.

Smithville Lake Only minutes from the property, the Lake and its surrounding land consists of approx. 7,200 acres and is known for its year round activities. There are endless recreational opportunities varying from hunting and fishing to picnicking and sailboating. Don't miss your opportunity to own property such a short distance from one of N.W. Missouri's finest recreational areas.

Paradise Pointe Golf Complex Located less than 10 miles from multiple tracts, Paradise Pointe Golf Complex is Kansas City's only public golf facility that offers two challenging 18 hole golf courses. Paradise Pointe offers golfers of all abilities a unique golfing experience. Each of the two courses includes scenic views of Smithville Lake along with the natural wildlife habitat.

PROCEDURE: The property will be offered in 20 individual tracts, any combination of tracts, or as a whole property. The property will be sold in the manner resulting in the highest total sale price.

REGISTRATION: Bidders will be required to present a letter of credit in order to register proving ability to consummate proposed transaction.

DOWN PAYMENT: A 10% down payment of the total contract purchase price will be due immediately after being declared the buyer. The down payment may be paid in the form of personal check, business check, or cashier's check. The balance of the contract purchase price is due in cash at closing within 20 to 35 days. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.

ACCEPTANCE OF BID PRICES: All successful bidders will sign a purchase agreement at the auction site immediately following the close of bidding. All final bid prices are subject to court approval, which is scheduled to take place on August 7th.

BROKER PARTICIPATION: A commission will be paid to any properly licensed Broker who registers a successful buyer according to the Broker Participation Guidelines. Broker Registration Forms are available from the Auction Company. Forms must be completed and returned no later than 48 hours prior to the auction.

CLOSING: Closing shall occur as soon as possible after court approval and applicable closing documents have been completed. Anticipated closing date is 20 to 35 days following the auction. Possession will be given at closing subject to any remaining rights of the current tenant(s).

TITLE: Seller shall furnish the buyer(s) at Buyers's expense a Commitment for Title Insurance in the amount of the purchase price, and shall execute a Trustee's Quick Claim Deed conveying the real estate to the buyer(s). Buyer shall be responsible for the premium for the title insurance policy.

REAL ESTATE TAXES & ASSESSMENTS: Any unpaid 2007 calendar year taxes shall be paid at closing. The 2008 calendar year taxes shall be prorated to the date of closing. Buyer will be responsible for all subsequent taxes.

EASEMENTS AND LEASES: Sale of said property is subject to any and all easements of record and any and all government leases.

SURVEY: AT THE SELLER'S OPTION, the Seller shall provide a new survey where there is no existing legal description. Any need for a new survey shall be determined solely by the Seller. The cost of the survey shall be split equally between Buyer and Seller. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance.

MINERAL RIGHTS: The sale of the property shall include all mineral rights owned by the Seller, if any.

AGENCY: Westchester Auctions, LLC and its representatives are Exclusive Agents of the Seller.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the agreement to purchase.

ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. 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 the Seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the Seller or the auction company. All sketches and dimensions in this brochure are approximate. All acreages are approximate and have been estimated based on legal descriptions or aerial photographs. Conduct at the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the person's credentials, fitness, etc. All decisions of the auctioneer are final.

NEW DATA, CORRECTIONS AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections, or additions to the property information.

NOTE: Videotaping, flash photography, and/or public announcements will be allowed on auction day ONLY with prior approval from Westchester Auctions, LLC.

SELLER: Janice E. Stanton as Chapter 11 Trustee, Bankruptcy Court for the Western District of Missouri