ONLINE LAND AUCTION: Alexander County IL 229.6+- Acres / 1 Tract (2587A)

ONLINE AUCTION: Alexander County IL 229.6+- Acres

Bidding Starts Thursday, December 3, 2020. Bidding Closes Thursday, December 10, 2020 at 8:00 p.m. CST

Property Inspection: By Appointment Only. Contact Broker Jamie Keller at 618-713-7677 / jkeller@buyafarm.com.

Location: Sandy Ridge Road, Tamms IL 62988

Description

229.6 acres of cropland in Alexander County east of Olive Branch.  Approximately 223 tillable acres with Productivity Index of 104.  Nearly level - suitable to grade. Fronts IL Hwy 127, Sandy Ridge Road and Unity Road.  Possession upon completion of fall harvest.  Sold in one tract by taxable acres.  No survey will be provided. Taxes $2,427.48 (2018).

Directions: From Olive Branch IL south on IL Hwy 3 for ¼ mile.  Turn left onto Unity Road.  Property on the left in 3 miles.

Addendum “A” Terms and Conditions

No Buyer's Premium

YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.

Sale is subject to the confirmation of the Sellers

PROCEDURE: Property is offered as 1 tract, no divisions.

SHORT LEGAL: S36 T15 R2. W of RR NE SE, OFF E SIDE W1/2 SE, OFF OF W SIDE W ½ SE, W OF RR SESE, PT SWNE, PT SENE, P N ½ SWNW SENW

TAX ID: 07-02-36-076-025, 07-02-36-076-017, 07-02-36-077-002

REAL ESTATE TAXES: $2,427.48 (2018). Pro-rated to closing date.

SURVEY:  No survey will be provided.

MINERAL: Any mineral owned will transfer, if any.

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 will be given at closing.

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: Wayne Keller, IL Lic #441.002475