ONLINE LAND AUCTION: Marion County IL 99+- Acres / 1 Tract (2656A)

ONLINE AUCTION: Marion County IL 99+- Acres - 1 Tract

Bidding Closes Thursday, March 4, 2021 at 8:00 p.m. CST

Property Inspection: By Appointment - Call Broker Dennis Epplin at 618-790-7777

Property Address: IL Route 37 South, Salem IL

DESCRIPTION

• Property offers a unique combination of: Upland cropland with locations for home-sites and Wooded bottom-land, CRP tree program, Crooked Creek make for excellent Whitetail and Turkey hunting.
• Substantial income producing potential from CRP contracts ($8710 annual), cropland rental and hunting leases. Farming rights available for 2021.
• There are 99 taxed acres, of which 44 are enrolled in CRP, approximately 20 are tillable cropland, with the balance in woods and creek. The cropland is predominantly Hoyleton and Passport silt loam soils.
• Possible home sites.
• Recreational activities, ATVs, horses, etc.
• IL Route 37 frontage, convenient to Salem, quick access to Interstate 57.
• Parcel #11-23-000-015, 11-26-000-002, 11-26-000-003
• Taxes: $1116 (2019 paid 2020)
• Parts of Section 23 and 26, T2N-R2E
• Mineral rights included

TERMS AND CONDITIONS

NO BUYER'S PREMIUM.

YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.

SALE IS SUBJECT TO THE CONFIRMATION OF THE SELLERS.

Government programs: Buyers compliance with the Conservation Reserve Program is required. Current contracts expire 2030 and 2031. There are six acres of an approved CRP contract (CP42, CP4D) that have not yet been seeded or established. Cost share assistance is approved. CRP contract payments to landowner pro-rated to closing. See "Useful Documents" section for CRP contract copies.

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

SHORT LEGAL: Parts of Section 23 and 26, T2N-R2E

TAX ID: 11-23-000-015, 11-26-000-002, 11-26-000-003

REAL ESTATE TAXES: $1116 (2019 paid 2020). Pro-rated to closing date.

SURVEY: No survey.

MINERAL: Any mineral owned will transfer.

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: Donald Bailey, IL Lic #441.002325