Land Auction

249.24 +/- acres In Edgar County, IL Offered in 2 Tracts

Productive Tillable Farmland and Outstanding Deer & Turkey Hunting Property

Saturday, February 25, 2012 – 10 AM Central

Auction location: Edgar County 4-H Building in Paris, IL.

Directions to Auction Site: From the Courthouse Square in downtown Paris, travel north on Main St./IL Hwy. 1 for 12 blocks to Elliot St., turn east on Elliot St., 4-H Building is on the north side of Elliot St. Follow auction signs.

Directions to Property: From the intersection of U.S. Hwy. 150 & IL Rt. 1 in Paris, IL travel 7.5 miles east on U.S. Hwy. 150 to Tract 2 on south side of U.S. Hwy. 150. Travel another .5 mile east on U.S. Hwy. 150 to CR 2200E, travel 3 miles north on CR 2200E to CR 1150N, travel .5 mile east on CR 1150 E to Tract 1 on south side of road. Tract 1 is located .5 mile from Indiana, 20 minutes southwest of Clinton, IN, 30 minutes northwest of Terre Haute, IN, 1.5 hours west of Indianapolis, IN, 3 hours south of Chicago, IL. Watch for signs.

Property Description:

Tract 1: 237.24 +/- acres with 117.19 productive tillable acres, of which 7.97 acres are in the Conservation Reserve Program. The remaining 120.05 acres of this property are in woodlands for the serious sportsman! Property improvements include an existing older home and two older pole barns, along with excellent road frontage on the north boundary. This tract offers outstanding Whitetail Deer and Turkey hunting.

Tract 2: 12+/- acres with 10.72 highly productive tillable acres with a soil type of mostly Drummer located just 7 miles east of Paris on U.S. Hwy. 150.

Property Inspection: Auction Company arranged on-site inspections of this property are available by appointment. Please contact Auction Company at 217-465-4545. Individual on-site inspections by prospective buyers of both tracts is permitted via foot traffic only. Please no motored vehicles.

F.S.A. Information:

Tract 1: 117.19 acres tillable, of which 46.32 acres are classified NHEL & 62.91 acres are classified HEL, 60.7 acres corn base, 48.5 acres soybean base; direct yields-104 bushels for corn, 32 bushels for soybeans; counter cyclical yields-129 bushels for corn, 38 bushels for soybeans. This tract has 7.96 acres enrolled in CRP until 9/30/2017 with an annual payment of $1,058.00. This tract contains no wetlands.

Tract 2: 10.72 acres tillable classified NHEL, 5.0 acres corn base, 5.7 acres soybean base; direct yields-104 bushels for corn, 32 bushels for soybeans; counter cyclical yields-129 bushels for corn, 38 bushels for soybeans. This tract contains no wetlands.

Real Estate Taxes:

Tract 1: 2010 taxes paid in 2011 were $1,290.28 or $5.44/acre.

Tract 2: 2010 taxes paid in 2011 were $203.82 or $16.98/acre.

Auction Terms and Conditions

Auction Procedure: This property will be offered in 2 tracts. Each tract shall stand on its own merits and will not be combined with one another. Bidders will be able to bid on either 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 on or before March 25, 2012 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 in the amounts of the purchase prices. Seller shall pay the premium for the title insurance and all search charges.

Closing: The closing will take place on or before March 25, 2012 at attorney Robert Anderson’s office in Paris, IL.

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

Tenant Rights, Hunting Rights & Possession: Tenant rights and hunting rights are open for the 2012 crop/hunting year. Full possession will be given to the buyer(s) at time of closing.

Real Estate Taxes: The real estate taxes will be deducted from the selling price based on the taxes paid in 2011. Buyer(s) will assume real estate taxes payable in 2012 and thereafter.

Legal Questions: Legal questions may be directed to attorney Robert Anderson of Anderson Law Offices in Paris, IL. 217-465-3535

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.

Sellers: Viola Wright Trust-State Bank of Chrisman-Trustee

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.