ONLINE LAND AUCTION: Marion County IL 32.62+- Acres / Tillable Farm Income / 2761A
Marion County| CLOSES Fri, Dec 3 | 1 Tract | 32.62 Acres| Patoka IL
ONLINE LAND AUCTION: Marion County IL 32.62+- Acres - 1 Tract
Bidding Opens Friday, November 26, 2021 at 8:00 a.m. CST
Bidding Closes Friday, December 3, 2021 at 8:00 p.m. CST
Property Inspection: By Appointment - Call Auctioneer/Broker Don Bailey at 618-919-1031
Property Address: Kinoka Road, Patoka IL 62875 (Foster TWP)
Please Note: Bidding is per acre in $25 bid increments.
- 32.62+- Acres / 32.85 FSA Tillable Acres
- Well-maintained farm
- No fence rows
- Family-owned since 1943 (78 years)
- Frontage on Kinoka Road & Chandler Road
- Very well may be your only chance to purchase this tract in your lifetime.
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 $25 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 30, T4N-R2E, Foster TWP, Marion County IL
TAXES: Seller to pay all 2021 taxes due in 2022.
PARCEL #: 02-30-100-02
SURVEY: No survey.
MINERAL: Seller to retain 50% for 10 years or as long as production 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 on or before December 29, 2021 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.
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
Kinoka Road, Patoka, IL 62875