ONLINE LAND AUCTION: Clay IL 80+- Acres / Tillable CRP Income / 1 Tract (2707A)

ONLINE LAND AUCTION: Clay County IL 80+- Acres - 1 Tract

Bidding Closes Thursday, July 22, 2021 at 8:00 p.m. CST

Property Inspection: By Appointment - Call Auctioneer/Broker Don Bailey at 618-919-1031

Property Address: Jasper Road, Clay City IL 62824

Bidding Per Acre in $25.00 Bid Increments

DESCRIPTION

• 66.43 tillable acres
• 12 acres CRP (pays $2,127 annually, contract expires 9/30/28)
• Good soil types
• Whitetail and turkey hunting
• Good road frontage on Jasper Road
• North of Clay City and East of Louisville IL
• Parcel # Part of 11-01-400-001
• Taxes: $662.77
• Short Legal: Section 1, T3N-R4E

TERMS AND CONDITIONS

NO BUYER'S PREMIUM.

YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.

SALE IS SUBJECT TO THE CONFIRMATION OF THE SELLERS.

Bidding Per Acre in $25.00 Bid Increments

PROCEDURE: Property is offered as 1 tract.

SHORT LEGAL: Section 1, T3N-R4E

TAXES: $662.77 - Pro-rated to closing date.

PARCEL #: Part of 11-01-400-001.

SURVEY: No survey.

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: At closing subject to farm tenant rights. Buyer will receive income from 2021 crop year and CRP contract. Buyer has 2022 farming rights.

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