All potential bidders must register before auction, preferably two weeks ahead of December 15th, 2022. All potential bidders must personally call Auctioneer Donald Bailey at 618-919-1031 or e-mail at email@example.com. In the past bidders that wait the last minute to register, may stand a chance not being able to bid.
Property Inspection: Saturday, December 3, 8 a.m. to 12 noon (meet at grain bins located on tract 1) For personal inspection contact Auctioneer Don Bailey at 618-919-1031.
Tract 1 - 94+- Acres
- 75.72 tillable acres
- Structures: modern grain bins totaling 47,000 bushels storage
- Parcel #: Part of 12-03-100-001
- Taxes: $2,394 estimate
- Located in Section 3, T3S-R4E, Pendleton Twp
NO BUYER'S PREMIUM.
YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.
SALE IS SUBJECT TO THE CONFIRMATION OF THE SELLERS.
BIDDING PER ACRE X AMOUNT OF ACRES. OFFERED IN 5 TRACTS OR COMBINATION OF TRACTS. $25 BID INCREMENTS.
PROCEDURE: Property offered in 5 separate tracts and combination of tracts.
SURVEY: No survey.
MINERAL: Sellers retaining all oil, gas and mineral rights; none to be conveyed.
CONTRACT AND DOWN PAYMENT: Contract for purchase to be signed within 24 hours of close of auction. A 10% down payment of the total contract purchase price will be due immediately after being declared the winning bidder. The down payment may be paid in the form of personal check, wire transfer, business check or cashier's check and received within 3 business days. Earnest check to be made to Buy A Farm Land & Auction Co. Trust Account. The balance of the contract purchase price is due at closing.
TITLE: Sellers shall furnish the Buyer(s) at Seller's expense marketable title in the form of Title Commitment, Title Insurance, a proper deed conveying merchantable title to the real estate to the buyer(s) and tax transfer stamps. Buyer will pay the deed recording and fees associated with mortgage/financing. Title companies closing fee will be split equally by Buyer & Seller.
CLOSING: Closing shall occur within 45 days or as soon thereafter as applicable closing documents are completed. Seller shall pay for recording release from any mortgage. Buyer shall pay for recording the deed of conveyance from Seller and any mortgage title insurance charges. Any closing costs not herein provided for shall be borne by Buyer. Seller shall cause the Closing Statement to be delivered to Buyer at or before the closing.
POSSESSION: Possession at closing per farm tenant agreement of 2022 crop harvest. 2023 has no farm tenant agreement; buyer will have full possession of farming rites for 2023 and thereafter. Property taxes and CRP payments will be prorated to date of closing. CRP contract obligations will stay with the land buyers who will be obligated to conform with the CRP contract rules and regulations.
The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed the owners or Buy A Farm Land & Auction Co. LLC. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property. Real estate is being sold "As Is, Where Is".
Any bid placed inside 5 minutes will extend the auction bidding another 5 minutes. This will continue until there are no more bids.
AUCTIONEER: Donald Bailey, IL Lic #441.002325
Bluford, Illinois 62814
Tracts located between Bluford and Bellerive IL, North of Interstate 64. Directions: East of Mt. Vernon IL, Interstate 64 North on (north) North Markham Lane to (west) East Lynchburg Road to (north) on Silver Lane to East Liberty Road to Buy A Farm sign.
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