ONLINE LAND AUCTION: White County IL 40+- Acres / 1 Tract (2667A)

ONLINE AUCTION: White County IL 40+- Acres - 1 Tract

Bidding Closes Thursday, March 25, 2021 at 8:00 p.m. CST

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

Property Address: 898 County Road 400E, Norris City IL 62869 (Indian Creek Twp)

DESCRIPTION

• Sloping to gently rolling terrain with 31+- acres row crops, balance wooded and farmstead.
• Surveyed.
• Two 8,000 to 10,000 bushel grain bins.
• Corn yield 2020 176 bu including drowned out spots that were not replanted / preventive planting 2019 / 2018 corn 158 bu / 2017 beans 50 bu
• Electric available, pole and meter on site.
• Road frontage.
• Located NE of Norris City IL
• Private, located end of dead end road.
• Nice homesites and nice location for lake or pond.
• Lots of deer tracks in snow.
• Farming rights for 2021.
• Rural water available at SW corner of property.

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: Section 11, T6S-R8E

TAX ID: 17-11-300-006

REAL ESTATE TAXES: $269.94. Pro-rated to closing date.

SURVEY: Property has been surveyed.

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