Land Auction - SOLD
 

40 +/- acres of Farmland in
Eastern Coles County, IL
40 acres for $180,000

Thursday, March 6, 2008 – 10 AM Central

Auction location: American Legion, Carol Hall Post 539, in Kansas, IL, 122 E. Buena Vista St.

Directions to Property: From Charleston, IL-travel east 11 miles on IL Rt. 16 to IL Rt. 49, travel south 2.7 miles on IL Rt. 49 to CR 850 E, travel west half-mile on CR 850 E to property on the north side of road.

Property Description: 40 acres with approximately 35.2 tillable acres in Section 8 of Ashmore Township. Highly productive farm with excellent road frontage on county road 850 E.

Legal Description: The southwest ¼ of the northwest ¼ of Section 8, T.12N., R.14E, of the 2^nd P.M., Coles County, Illinois, containing 40 acres more or less.

F.S.A. Information: 35.2 tillable acres classified HEL, 17.3 acres corn base, 17.3 acres soybean base, direct yields-110 bushels for corn and 36 bushels for soybeans, counter cyclical yields-161 bushels for corn and 43 bushels for soybeans.

Soil Associations: Approximately 75% Wingate Silt Loam, 14.3% Senachwine Silt Loam and 10.7% Drummer Silty Clay Loam.

Real Estate Taxes: The real estate taxes due in 2008 will be deducted from the selling price based on the taxes paid in 2007. The real estate taxes paid in 2007 were $496.14 or $12.40/acre. Buyer(s) will assume real estate taxes payable thereafter.

Tenants Rights: Tenants rights are in place for the 2008 crop year with a cash rent farm lease.

Auction Terms and Conditions

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

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

Legal Questions: Legal questions may be directed to attorney Richard Kash of Fruin & Kash in Paris, IL. 217465-4196

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

Auction Company Note: Announcements on Sale day 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” basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Sellers 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 Sellers or the Auction Company. The auction procedure, conduct, and bid increments are at the direction and discretion of the Auctioneer. The Sellers 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: Gladys Snoddy Trust

Citizens National Bank-Trustee

Moss Auction Team, LLC

Pairs, IL 217-465-4500

Larry Moss IL lic.#440.000147 Matt Moss IL lic.#440.000148

*Map reprinted with permission from Cloud Cartographics, Inc.

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.