ONLINE LAND AUCTION: Clay County IL 49+- Acres / Farmland Tillable Income / 2754A
Clay County| CLOSES Wed, Nov 17 | 1 Tract | 49 Acres| Louisville IL
ONLINE LAND AUCTION: Clay County IL 49+- Acres - 1 Tract
Bidding Opens Wednesday, November 10, 2021 at 8:00 a.m. CST
Bidding Closes Wednesday, November 17, 2021 at 8:00 p.m. CST
Property Inspection: By Appointment - Call Managing Broker Shirley Bailey at 618-919-1010
Property Address: Iola Road, Louisville IL 62858
Please Note: Bidding is per acre in $50 bid increments.
- 49+/- acres - all tillable
- Well-maintained farm
- Located in Section 34, T5N-R6E
- Located on Iola Road, West of Rt 45, North of Louisville IL
- Soil Production Index 107.7
- Farmed by same tenant for many years
- Lays flat to gently sloping
- Farms like this don’t come on the market often!
TERMS AND CONDITIONS
NO BUYER'S PREMIUM.
YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.
SALE IS SUBJECT TO THE CONFIRMATION OF THE SELLERS.
FINAL BID ACCEPTANCE WILL BE DETERMINED BY SELLERS WITHIN OR BEFORE 24 HOURS AFTER AUCTION END.
PLEASE NOTE: BIDDING IS BY THE ACRE IN $50 BID INCREMENTS.
Property will close within 30 days or less at the sole discretion of seller.
PROCEDURE: Property is offered as 1 tract.
SHORT LEGAL: Section 34, T5N-R6E
TAXES: Pro-rated to closing date. ($768.82)
PARCEL #: 02-34-100-004 and 02-34-100-007.
SURVEY: No survey.
MINERAL: 50% for 10 years or as long as productivity exists.
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 30 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: At closing subject to present farm lease.
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
Iola Road, Louisville, IL 62858