Real Estate Auction

227 +/- acres in Clark County, IL

 Offered in 6 Tracts

Productive Farmland, Recreational Land,

Secluded Home with Out Buildings

in Beautiful Clark County, IL

Wednesday, December 16, 2009 – 10 AM Central

Auction location: Clark County Extension Office at 15493 N. State Hwy. 1 in Marshall, IL

Directions to Auction Site: From the intersection of IL Hwy. 1 and U.S. Rt. 40, travel south on IL Hwy. 1 through Marshall for 1.9 miles. The Clark County Extension Office will be on you right/west side of highway.

Directions to Property: From the intersection of IL Hwy. 1 and U.S. Rt. 40 in Marshall, travel west 5.7 miles on Route 40 to Clark Center, turn left/south on Byron St., then turn left/east on Main St., then turn right/south on Macon St./Clark Center Rd., travel southeast 1.4 miles to Tracts 2-6. For Tract 1, travel another 1.5 miles west on US Rt. 40 on past Clark Center to property on North side of road. Refer to map and watch for signs.

Property Description: Approximately 227.8 acres located southeast & west of Clark Center in beautiful Clark County, IL. This property offers tillable farmland, woodlands for exceptional hunting and recreational use and an established secluded country home with two metal pole buildings. The property has excellent road frontages on just about every tract. This property has approximately 136.6 acres of productive tillable farmland that offers a return on investment to the owner.

Tract Descriptions:

Tract 1: 56.5+/- acres of which 55.28 acres are tillable Clark County farmland with U.S. Rt. 40 frontage.

Tract 2: 10 +/- acres with a secluded country home, a two car garage and two metal pole buildings.

Tract 3: 40 +/- acres with 10.9 tillable acres and 29.1 acres of woodlands for a hunter’s paradise and/or possible marketable timber. Many possibilities for this property.

Tract 4: 66.3 +/- acres with 27.8 acres tillable along with 38.5 acres of woodlands for prime deer and turkey hunting. Property offers several acres that would be great for wildlife food plots. Investigate the potential.

Tract 5: 45 +/- acres with 32.8 acres of excellent tillable Clark County soils and road frontage on the north and east boundaries.

Tract 6: 10 +/- acres with 9.4 acres tillable and excellent road frontage on the north and west boundaries.

House & Property Description on Tract 2: Secluded one and a half story, 1,728 sq. ft. home built in 1977 on 10 +/- acres. Home offers 7 rooms, 3 bedrooms and 2 bathrooms with 100 AMP service, gas hot water heat, a 40 gallon water heater, air conditioning, fireplace, a front porch and a back deck. Home is located in Marshall School District and has water service from the Clark-Edgar rural water line. Property has a detached 2 car garage, a 24’x18’ shop building and a 46’x38’ pole building.

Open House for Tract 2: Saturday, December 5 from 1-3 PM.

 Note: This home was built before 1978 and all prospective buyers have 10 days prior to auction for inspection of lead based paint. Buyer must sign a disclosure waiver the day of the auction. The disclosure waiver and pamphlet will be available for viewing before the auction.

F.S.A. Information: Total of 136.6 acres tillable classified Non-HEL, 67.8 acres corn base, 66.8 acres soybean base, direct yields-106 bushels for corn and 34 bushels for soybeans, counter cyclical yields-141 bushels for corn and 40 bushels for soybeans.

Real Estate Taxes: The 2008 taxes paid in 2009 totaled $2,508.60.

Auction Terms and Conditions

Auction Procedure: This property will be offered in 6 different tracts. Each tract shall stand on its own merits and will not be combined with another. Bidders will be able to bid on any tract at several different times during the auction resulting in highest total sale price. The auction procedure, conduct, and bid increments are at the direction and discretion of only the Auctioneer.

Down Payment: Ten percent (10%) down payment on the day of the auction upon signing a purchase agreement immediately following the close of the auction. The remaining balance will be due in 30 days at the closing with delivery of deed. Property is being sold subject to any easements or right of ways of public record. Buyer(s) will receive full possession at the time of closing. Buyer(s) should keep in mind that your bidding is not conditional to financing, so make certain that you have arranged financing if you need it.

Acceptance of bid prices: The successful bidder(s) will be required to sign purchase agreements at the auction site immediately following the close of the auction. The final bid price is subject to the Seller’s acceptance or rejection.

Title: Seller will offer title insurance on the property being offered in the auction.

Mineral Rights: Buyer(s) will receive mineral rights owned by seller.

Tenant Rights & Possession: Tenant rights are open for the 2010 crop year. Possession will be given to the buyer(s) at time of closing.

Real Estate Taxes: The real estate taxes paid in 2009 will be deducted from the selling price. Buyer(s) will assume real estate taxes payable in 2010 and thereafter.

Easement: Tract 2 will sell with an easement allowing ingress and egress on the established driveway for entrance/exit for Tract 3.

Survey: The Seller shall determine any need for a new survey and shall be prepared only when required to convey title as more fully set forth in the purchase agreement. The seller shall provide a new survey at the seller’s option, whereas both the seller and new buyer(s) shall each pay for half (50/50) the cost of any survey where there is no existing legal description where new boundaries are created by the tract divisions in the auction. Final sales price shall be adjusted to reflect any difference between advertised and surveyed acres on purchased acreages.

Legal Questions: Legal questions may be directed to attorney Richard James in Paris, IL. (217)-465-2529

Agency: Moss Auction Team and their staff are exclusive agents for the Seller.

Auction Company Note: Announcements made on sale day by the Auctioneer take precedence over printed material or any other oral statement made.

Disclaimer and Absence of Warranties: The property is being sold on an “as is, where is, with all faults” basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. Each potential buyer is responsible for conducting his or her own independent inspections, investigations and inquiries concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Information in this brochure is subject to verification by all parties relying on it. All dimensions and diagrams are approximate. All acreages are estimates. The auction procedure, conduct, and bid increments are at the direction and discretion of the Auctioneer. The Seller and the Auctioneer reserve the right to preclude any persons from bidding if there is any question as to the person’s credentials, fitness, etc. Auctioneer has final decision on all matters pertaining to this auction.

Seller: Dean Murphy Estate

Moss Auction Team, LLC

Paris, IL 217-465-4500

Larry Moss IL lic.#440000147  

Matt Moss IL lic.#440000148
 

The Moss Auction Team is a full service professional Auction Company  owned and operated by Larry and Matthew Moss  in Paris, Illinois. 

Together we conduct auctions of various types in an ethical and honest manner with the use of both traditional and new innovative ideas for auctions. 

We are determined to use the auction method of marketing to bring both sellers and buyers together to reach fair market value of the property or goods being sold.