Missouri Homes for Sale with No HOA Fee

• 

  

  

  /18

  $150,000

  Pending

  • Land
  • 10 Acres
  • $15,000 per Acre

  10 Acres 209th St, Kingsville, MO 64061

  Build your dream home on this beautiful 10-acre tract!Not located in a subdivision and subject only to Cass County restrictions, this property offers true flexibility and freedom. Enjoy a private setting with mature trees lining the perimeter, creating a natural backdrop for your future home.Modular, manufactured, and shop homes are welcome—giving you the opportunity to build exactly what

  

  Jody Shewmaker

  ReeceNichols Shewmaker

  10 Acres 209th St, Kingsville, MO 64061
• 

  

  

  /4

  $665,000

  • Land
  • 45 Acres
  • $14,778 per Acre

  0 45 Ac Tract Rocheport Reserve, Rocheport, MO 65279

  Absolutely STUNNING 45-acre parcel in Rocheport Reserve, the newest custom‑home enclave just west of Columbia. Each lot includes fiber, county water and electric. With 5‑ and 10‑acre plans, enjoy wide‑open views or forested privacy—your choice. Nestled along the scenic Katy Trail, this community offers easy access to the Missouri River, wineries, galleries, and live music in amber‑lit evenings.

  

  Stacey Swalla

  Weichert, Realtors - House of Brokers

  0 45 Ac Tract Rocheport Reserve, Rocheport, MO 65279
• 

  

  

  /41

  $969,000

  Pending

  • 3 Beds
  • 2.5 Baths
  • 3,208 Sq Ft

  31197 Hidden Hills Rd, Richland, MO 65556

  Immaculate 103 acre Gasconade River Century Farm. This farm features a beautifully remodeled & maintained family home, scenic countryside, abundant wildlife, and direct river access. The residence offers 3 beds, 2.5 baths, a large eat-in kitchen, and a separate dining room, library, living room, and fireplace. The expansive primary suite serves as a private retreat with its own fireplace, huge

  

  Laura Ruether

  EXP Realty LLC

  

  31197 Hidden Hills Rd, Richland, MO 65556
• 

  

  

  /16

  $299,999

  $25K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,962 Sq Ft

  25274 S Lohman Rd, Wright City, MO 63390

  Opportunity awaits on this five-acre corner parcel with a pond, creek, and mature trees. The 1890 home requires substantial renovation and is being sold as-is. Ideal for contractors, investors, or buyers with construction experience seeking a restoration or redevelopment project. The home reflects its age and will need significant repairs but offers so much potential. The property features a mix

  

  Cary Smith

  Weichert, Realtors - House of Brokers

  25274 S Lohman Rd, Wright City, MO 63390
• 

  

  

  /7

  $20,000

  • Land
  • 10,890 Sq Ft
  • $80,000 per Acre

  660 Herbst Dr, Florissant, MO 63031

  OWNER FINANCING POSSIBLE. Looking for the perfect spot to build your next home? This corner lot in Florissant is an exceptional opportunity. Situated at Herbst & Jenkee, the property offers generous dimensions of approximately 123x87 feet, giving you plenty of room for a comfortable home, yard space, and flexible driveway placement. The neighborhood is filled with well-kept brick ranches from the

  

  Barbara Heise

  RE/MAX Results

  660 Herbst Dr, Florissant, MO 63031
• 

  

  /6

  $30,000

  • Land
  • 19,036 Sq Ft
  • $68,649 per Acre

  1209 N Lyne St, Raymore, MO 64083

  Bring your plans and take advantage of this buildable lot in Raymore! Situated in the highly sought-after Raymore-Peculiar School District, this property offers a spacious, cleared setting surrounded by mature trees that provide a beautiful natural backdrop and added privacy. The open, level-to-gently sloping area provides plenty of flexibility for your future plans.Whether you’re looking

  

  Ryan Finn

  Keller Williams Southland

  1209 N Lyne St, Raymore, MO 64083
• 

  

  /47

  $165,000

  $10K PRICE DROP

  • 5 Beds
  • 2 Baths
  • 2,203 Sq Ft

  461 W Summit St, Marshall, MO 65340

  This bungalow has so much to offer. Owners have done work through the years on the property but it is priced for someone to finish things up. Large living, dining and kitchen. Two bedrooms on the main and three bedrooms and family room upstairs. Spacious yard would be great for entertaining. Call to see.

  

  Sandy Hisle

  Tower Realty LLC

  461 W Summit St, Marshall, MO 65340
• 

  

  /18

  $405,000

  $345K PRICE DROP

  • Land
  • 1.32 Acres
  • $306,818 per Acre

  815 Kidwell Ct, Lone Jack, MO 64070

  Commercial lots available in Kidwell Business Park! Zoned Highway Commercial and suitable for light industrial use. These platted lots are ready for your business, offering excellent highway visibility, three-phase electricity, paved roads, and a well-lit setting. Conveniently located off U.S. Highway 50, heading east toward Lone Jack. Ideal for professional offices, construction or trade

  

  Jody Shewmaker

  ReeceNichols Shewmaker

  815 Kidwell Ct, Lone Jack, MO 64070
• 

  

  /42

  $449,000

  $21K PRICE DROP Under Contract

  • 3 Beds
  • 2 Baths
  • 1,680 Sq Ft

  18704 C Hwy, Lincoln, MO 65338

  Stunning ranch-style home situated on 3.2 picturesque acres just minutes from Lincoln, conveniently located off a paved road. This beautifully maintained property features three spacious bedrooms and two full bathrooms, complemented by a generous 20x22 detached garage. Enjoy summer days in your private swimming pool with an expansive deck, adjacent to a versatile 32x24 pool house/garage - perfect

  

  Kennie Von Holten

  Reece Nichols Golden Key Realty

  18704 C Hwy, Lincoln, MO 65338
• 

  

  /40

  $449,999

  $25K PRICE DROP

  • 3 Beds
  • 2.5 Baths
  • 1,404 Sq Ft

  273 Pvt Ln 315, Salem, MO 65560

  Tucked away down a private lane on 36 mostly wooded acres, this all-brick home offers privacy, beautiful views, and plenty of room to enjoy the outdoors. The main level features 2 bedrooms, 1.5 baths, a welcoming living room with a wood-burning fireplace, and a walk-in pantry. An attached sunroom with Andersen windows and a built-in BBQ grill creates a wonderful space for relaxing, entertaining,

  

  Jessica Campbell

  Living The Dream, Inc.

  

  273 Pvt Ln 315, Salem, MO 65560
• 

  

  /21

  $250,000

  Under Contract

  • 8 Beds
  • 7 Baths
  • 3,616 Sq Ft

  26003 Escapade Ln, Warsaw, MO 65355

  The property is currently being used as residential. It was previously a restaurant, lounge, and motel. The main building is 3600 +/- sq ft and has been converted into a living area with 3 bedrooms and 1 bathroom on one side, and a recreation room and a commercial kitchen complete with a commercial stove, range, hood vent, a two-door oven, and refrigerators. Plus, one framed-in bedroom and a

  

  Skeeter Smith

  Platinum Realty LLC

  26003 Escapade Ln, Warsaw, MO 65355
• 

  

  /79

  $237,500

  $12K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,350 Sq Ft

  308 E Lincoln Ave, Owensville, MO 65066

  Step into timeless charm with this beautifully preserved brick Craftsman home, where classic character and exceptional craftsmanship shine throughout. Relax on the inviting covered front porch or unwind in the enclosed back porch, offering additional space to enjoy every season.Inside, you’ll find a spacious and well-designed kitchen with abundant cabinetry and workspace—perfect for preparing

  

  Diane Thomas

  RE/MAX Exclusive Properties

  308 E Lincoln Ave, Owensville, MO 65066
• 

  

  /17

  $26,500

  $1K PRICE DROP

  • Land
  • 1.13 Acres
  • $23,451 per Acre

  Tbd Pinto Ln, Flat Creek A Township, MO 65624

  Spring Into Your Lake Close Slice of Heaven!Ready to trade the house hunt for fresh starts and open skies? This gently sloping, freshly cleared build site in the heart of beautiful Cape Fair is the perfect place to bring your lake escape to life. Ideal for a walk-out basement and free from pesky HOA restrictions, this approximately one-acre parcel offers both peaceful residential setting

  

  Ann Ferguson

  Keller Williams Tri-Lakes

  

  Tbd Pinto Ln, Flat Creek A Township, MO 65624
• 

  

  /4

  $26,000

  • Land
  • 16,117 Sq Ft
  • $70,270 per Acre

  Lot 2269 Scuba Ct, Lake Viking, MO 64640

  Lot at Lake Viking

  

  Donnie Moss

  KC Realtors LLC

  Lot 2269 Scuba Ct, Lake Viking, MO 64640
• 

  

  /26

  $119,000

  $40K PRICE DROP Pending

  • 3 Beds
  • 1.5 Baths
  • 1,231 Sq Ft

  1005 Walnut St, Lamar, MO 64759

  Move-in ready 3-bedroom, 1.5-bath home in Lamar, MO!This recently remodeled home features a spacious open floor plan, perfect for everyday living and entertaining. The kitchen offers newer stainless steel appliances, beautiful wood countertops, and newer painted cabinetry. Just off the kitchen, you’ll find a large laundry room, and all appliances—including the washer and dryer—stay with

  

  Amy Cameron

  The HomeTown Realty Group, LLC

  1005 Walnut St, Lamar, MO 64759
• 

  

  /11

  $26,500

  $4K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,066 Sq Ft

  699 Gasconade Ave, Park Hills, MO 63601

  3 lots waiting for your innovative ideas! Location! Location! Location! Close to West County Schools. This home has tons of character and would be a great fixer upper! It was once lived in off grid! The barrel outside collects rainwater. Sheds stay. Home is still being cleaned up. Envision the possibilities as you clear and personalize each space to suit your style. The large yard offers ample

  

  Christina Raney

  ReeceNichols Real Estate

  699 Gasconade Ave, Park Hills, MO 63601
• 

  

  /18

  $145,000

  Pending

  • 2 Beds
  • 1 Bath
  • 2,024 Sq Ft

  203 N Walnut St, Anderson, MO 64831

  This 2 bedroom, 1 bath home is conveniently located just off Highway #59 and just 1.5 miles from Interstate 49, placing you walking distance from the local elementary school, Main Street, Anderson and Indian Creek; while roughly 30 minutes from Joplin, MO, Bentonville, AR and XNA airport.The smaller footprint makes it a great choice for a starter home or potential rental property, while the

  

  Gary Wasson

  Coldwell Banker Harris McHaney & Faucette

  

  203 N Walnut St, Anderson, MO 64831
• 

  /2

  $899,900

  • Land
  • 10.56 Acres
  • $85,218 per Acre

  XXX E 44th St, Joplin, MO 64804

  Prime vacant land opportunity with utilities available, offering endless potential for development. Ideally located near a major highway for easy access and high visibility, and situated adjacent to a hospital, this property is perfectly positioned. With a location that supports convenience and growth, the possibilities here are truly limited only by your imagination.

  

  Lesley Cowger, GRI

  PRO 100 Inc., REALTORS

  

  XXX E 44th St, Joplin, MO 64804
• 

  

  /25

  $204,900

  • Land
  • 1.89 Acres
  • $108,413 per Acre

  15265 Business 13, Branson West, MO 65737

  Seller says BRING AN OFFER! Prime 1.89+/- Acre Multi-Use Opportunity - Business 13, Ozark HillsA rare chance to secure almost 2 acres of versatile land boasting highway frontage on both sides and a transferable billboard lease for easy residual income. This parcel offers the best of both worlds and endless possibilities--perfect for a custom residence, shop or a combination of

  

  Ann Ferguson

  Keller Williams Tri-Lakes

  

  15265 Business 13, Branson West, MO 65737
• 

  

  /3

  $3,916

  Pending

  • 3 Beds
  • 2 Baths
  • 2,536 Sq Ft

  5044 Raymond Ave, Saint Louis, MO 63113

  Attention investors and rehab enthusiasts! This 3-bedroom, 2-bath home presents a unique redevelopment opportunity. The property sustained fire damage and is in need of extensive rehabilitation. Due to safety concerns, interior access is not available. The property is being sold as-is, and buyers are encouraged to perform their own due diligence. Bring your vision and restore this property to its

  

  Jenny Wisniewski

  Landmark Realty

  5044 Raymond Ave, Saint Louis, MO 63113
• 

  /2

  $189,035

  • Land
  • 4.91 Acres
  • $38,500 per Acre

  Lot 11 E Renick Rd, Oak Grove, MO 64075

  Find the space you've been searching for at Wright Moore Estates. These beautiful acreage homesites offer the opportunity to create a custom home in a quiet countryside setting within the Oak Grove School District. Enjoy scenic surroundings, fresh air, and the privacy that comes with larger lots, while still being just a short drive from major highways and local conveniences. With room to design

  

  Wade Fitzmaurice

  Fitz Osborn Real Estate LLC

  Lot 11 E Renick Rd, Oak Grove, MO 64075
• 

  

  /44

  $192,900

  • 4 Beds
  • 2 Baths
  • 2,818 Sq Ft

  105 W Spruce St, Shelbina, MO 63468

  

  Carl Plummer

  Weichert, Realtors - House of Brokers

  105 W Spruce St, Shelbina, MO 63468
• 

  

  /57

  $349,000

  • 3 Beds
  • 1.5 Baths
  • 1,392 Sq Ft

  25438 Poplar Dr, Barnett, MO 65011

  Some properties offer a house. This Barnett MO property offers breathing room, privacy, and possibilities. Secluded on approximately 11 acres, this 3-bedroom, 1.5-bath home is surrounded by a mix of open ground, mature woods, and established fruit and nut trees. An additional 2-bedroom, 1-bath ADU creates flexible space for guests, extended family, or potential rental income. Dreaming of a

  

  Angie Seaton

  INTEGRITY HOME TEAM

  25438 Poplar Dr, Barnett, MO 65011
• 

  

  /33

  $179,900

  Pending

  • 3 Beds
  • 2 Baths
  • 1,818 Sq Ft

  590 Conrad St, Jefferson City, MO 65109

  Solid 3-bedroom, 2-bath brick home located in the West Elementary District. This home has a ton of potential. Features include hardwood floors, vinyl windows, functional layout, and large storage shed. With a little TLC and your personal touches, this home could truly shine. A great opportunity for a homeowner or investor looking to add value. Schedule your showing today!

  

  Blunt Team

  The Real Estate Agency

  590 Conrad St, Jefferson City, MO 65109
• 

  

  /5

  $906,506

  New Construction

  • 4 Beds
  • 3.5 Baths
  • 3,869 Sq Ft

  301 Silo Hill Ct, Wentzville, MO 63385

  This luxurious 1.5-story Wyndham on a standard homesite is for sale at Harvest! This multi-amenity new home community at Hwy N and Hopewell features walking trails, lakes, two dog parks, bocce ball courts, pickleball courts and more.3,869 square feet of living space with 4 bedrooms and 3.5 baths,Brick and stone accents and architectural shingles,Rear yard privacy landscaping

  

  Fischer & Frichtel

  Builder

  301 Silo Hill Ct, Wentzville, MO 63385
• 

  

  /28

  $299,900

  • 3 Beds
  • 2 Baths
  • 1,998 Sq Ft

  211 Century, Poplar Bluff, MO 63901

  Welcome home to this beautifully maintained 3-bedroom, 2-bath residence nestled in the highly desirable Century Estates subdivision. Designed with both comfort and style in mind, this home features a spacious open layout with tall ceilings, elegant crown molding, and an inviting family room that's perfect for everyday living or entertaining. The well-appointed kitchen offers stainless steel

  

  Ronnie Cline Jr

  Poplar Bluff Realty Inc

  211 Century, Poplar Bluff, MO 63901
• 

  

  /13

  $150,000

  $10K PRICE DROP Pending

  • 3 Beds
  • 1 Bath
  • 1,140 Sq Ft

  1719 W 3rd St, Sedalia, MO 65301

  Welcome home to this beautifully updated 3-bedroom, 1-bath cottage in the heart of Sedalia! This move-in ready home features all new flooring, new windows, fresh interior paint, an updated bathroom, a partially remodeled kitchen, new light fixtures, and includes a brand-new refrigerator, washer, and dryer. Enjoy added peace of mind with a brand-new roof installed in 2026. Ideally located just

  

  Logan Kirchhoff

  Re/Max United

  1719 W 3rd St, Sedalia, MO 65301
• 

  

  /49

  $247,500

  $1K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 2,126 Sq Ft

  122 N Shepherd St, Ironton, MO 63650

  Take a look at this charming 3-4 bedroom, 2-bathroom home located within a short walking distance of downtown Ironton. This property offers a completely fenced yard with plenty of space for pets, including a dog kennel and a separate chain-link area for animals. Enjoy outdoor living with an above-ground pool, hot tub, and even a cold plunge tub on the deck.The beautifully landscaped yard

  

  Catherine Buck

  Buck Realty

  122 N Shepherd St, Ironton, MO 63650
• 

  

  /41

  $1,700,000

  $295K PRICE DROP

  20770 US 136 Hwy, Princeton, MO 64673

  Investment Opportunity with Room to Grow!Here's your chance to own a well-maintained income-producing property with built-in expansion potential! Located just outside of Princeton, Missouri, along Highway 136, this unique investment package includes:Two 10-plex apartment buildingsTwo 2-bedroom, 1-bath ranch-style homesOne 1-bedroom, 1-bath ranch-style homeSituated on

  

  Anita Riley

  RE/MAX Town and Country

  20770 US 136 Hwy, Princeton, MO 64673
• 

  

  /87

  $365,000

  $15K PRICE DROP

  • 2 Beds
  • 2.5 Baths
  • 2,966 Sq Ft

  8 Melody Ln, Mexico, MO 65265

  Step into timeless style with this spacious mid century modern home that perfectly blends character and functionality. Featuring 2 bedrooms with the potential for 1 to 2 additional bedrooms, this home offers flexibility to fit your needs whether that is extra sleeping space, a home office, or hobby rooms. Inside, you will find a grand foyer that sets the tone for the home along with both a large

  

  Marissa Lightsey

  Century 21 Peak, Marking & Associates

  8 Melody Ln, Mexico, MO 65265
• 

  

  /49

  $549,900

  • 3 Beds
  • 3 Baths
  • 2,400 Sq Ft

  3078 County Road E14 -353, Drury, MO 65638

  PRICE REDUCED TO $549,900! Discover 63 acres of privacy, usable land, water, and comfortable country living in the Southern Missouri Ozarks. Enjoy mornings on the screened porch, afternoons fishing in the stocked pond, and evenings watching deer cross the pasture.The property offers approximately 34 acres of productive pasture and hay ground, with the balance in mature woods providing

  

  Calvin Chambers

  Southern Missouri Homes and Farms LLC

  

  3078 County Road E14 -353, Drury, MO 65638
• 

  

  /4

  $152,640

  • Land
  • 9.54 Acres
  • $16,000 per Acre

  #3-9.54 State Road Uu, Jameson, MO 64647

  9.54 surveyed acres on Parcel #3 with prime highway frontage and a water meter available! This property is a standout opportunity for anyone dreaming of building a new home on a hard-surface road near Jameson, MO.With a nice setting and plenty of space for your home, shop, garden, animals, or outdoor living areas, this tract offers room to create the lifestyle you’ve been wanting. Buy one

  

  Anita Riley

  RE/MAX Town and Country

  #3-9.54 State Road Uu, Jameson, MO 64647
• 

  

  /20

  $100,000

  • Land
  • 36,154 Sq Ft
  • $120,482 per Acre

  Tract 4 Circle b Rd, Eminence, MO 65466

  Build your dream getaway in the heart of the Ozarks with this rare opportunity to own riverfront property on the beautiful Jacks Fork River in Eminence! Seller is offering newly divided riverfront lots, providing the perfect setting for a vacation home, cabin retreat, Airbnb investment, or full-time residence. This 0.79± acre lot offers access to city water, sewer, and electric, making

  

  Rob Bell

  EXP Realty LLC

  

  Tract 4 Circle b Rd, Eminence, MO 65466
• 

  

  /16

  $320,000

  $10K PRICE DROP

  • 3 Beds
  • 3 Baths
  • 2,632 Sq Ft

  804 Birchwood Cir, Maryville, MO 64468

  Welcome to this beautifully maintained 3-bedroom, 3-bath home, perfectly situated on a desirable corner lot at 804 Birchwood in Maryville, MO. Step inside to find a bright family room anchored by a cozy fireplace — the ideal spot for relaxing evenings or entertaining guests. The kitchen shines with brand-new quartz countertops, offering both style and durability for everyday cooking and

  

  Tina Sherry

  PRIORITY ONE REALTY

  804 Birchwood Cir, Maryville, MO 64468
• 

  

  /34

  $89,900

  • Land
  • 16,552 Sq Ft
  • $236,579 per Acre

  Lot 47 Dogwood Valley Estates, Indian Point, MO 65616

  #BUILDSITEMICDROP. This corner lot has a beautiful winter lake view and is partially wooded with a clearing for your new lake house retreat. This is the best location, hands down, for year-round entertainment on crystal clear Table Rock Lake! Highlights include: community well water, electric at site, maintained roads by coveted Indian Point Village, and just minutes to both the Harbor and Indian

  

  Ann Ferguson

  Keller Williams Tri-Lakes

  

  Lot 47 Dogwood Valley Estates, Indian Point, MO 65616
• 

  

  /27

  $100,000

  $63K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,704 Sq Ft

  6 Elm Tree Terrace, Mexico, MO 65265

  Opportunity awaits with this 3 bedroom home situated on a quiet, low traffic street - offering a setting with minimal through traffic and added privacy. This property is ready for updates and improvements, making it a great option for buyers looking to customize a home to their style or invest in a property with potential. Home offers a functional layout with three bedrooms and living spaces

  

  Cary Smith

  WEICHERT,REALTORS-HOUSE OF BROKERS

  6 Elm Tree Terrace, Mexico, MO 65265
• 

  

  /24

  $3,270,600

  • Land
  • 414 Acres
  • $7,900 per Acre

  xx State Highway T (Tract 1 & 2), Kirksville, MO 63501

  Dream Hunting Farm: An Exceptional Investment OpportunityInvestment properties rarely excel in the three critical categories of tract size, wildlife potential, and return on investment (ROI). However, this unique offering in Sperry, Missouri, stands out in all these aspects.Tract SizeImagine owning 414 contiguous acres with multiple points of access—an increasingly rare find in

  

  Elizabeth Gregory

  EXP Realty, LLC

  xx State Highway T (Tract 1 & 2), Kirksville, MO 63501
• 

  

  /20

  $299,900

  Under Contract

  • 1 Bed
  • 1 Bath
  • 1,088 Sq Ft

  30647 County Road J ''J'' Hwy, Wentworth, MO 64873

  Here is the chance to setup a farm and possibly off grid HOMESTEAD just the way want! Back to basics with a nice kitchen and cabinetry. Over 35 acres with paved road frontage. On the west side of the home is a pad for an RV hook-up with hook ups. Plus a 36X24 she/shop directly behind the home. And a in-ground concrete storm shelter buried right out the front door.Inside you have a large and

  

  Kevin VanStory

  SWMOHOMES.COM

  

  30647 County Road J ''J'' Hwy, Wentworth, MO 64873
• 

  

  /16

  $69,999

  • Land
  • 23.25 Acres
  • $3,011 per Acre

  000 Santry Cir, Edwards, MO 65326

  Discover 23.25 wooded acres across six lots and five parcels in Forbes Lake of the Ozarks Park, a private gated recreational community near Edwards. A gravel circle drive is already in place, providing convenient access for RVs, campers and equipment while preserving the property's secluded setting. The gently rolling terrain features mature timber, abundant wildlife and multiple potential

  

  Echo Combs

  Jones - Lassley Realty, Inc

  

  000 Santry Cir, Edwards, MO 65326
• 

  

  /3

  $79,900

  • Land
  • 1.27 Acres
  • $62,913 per Acre

  Lot 203 Wilderness Pines Ln Unit Lot 203, Reeds Spring, MO 65737

  Beautiful new development called Wilderness Meadows. This development will have 16 estate acreages located just off of Old Wilderness Road on the outskirts of Reeds Spring. It is city water and sewer. You will love the access to town. You will love the lay of the land as it is relatively level. I know, level. It has some trees in the back of the acreage near a wet weather creek. The builder

  

  Sheila Hebing

  Branson USA Realty, LLC

  

  Lot 203 Wilderness Pines Ln Unit Lot 203, Reeds Spring, MO 65737

Showing Results 441 - 480, Page 12 of 18