Land Auction

15.83 +/- acres in Edgar County, Illinois

Tillable Farmland

Saturday, November 13, 2010 – 11 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 Paris travel west on IL Route 133 to CR 1200E, travel north on CR 1200E to CR 1000N, travel .5 mile east on CR 1000N property on south side of road.

Property Description: Approximately 15.83 acres consisting of 14.18 productive tillable acres with excellent road frontage on the north boundary.

Soil Associations: Drummer Silty Clay Loam, Flanagan Silt Loam and Wingate Silt Loam.

FSA Information: Total of 14.2 acres tillable classified NHEL, 7.1 acres corn base, 7.1 acres soybean base, direct yields-128 bushels for corn and 37 bushels for soybeans, counter cyclical yields-150 bushels for corn, 45 bushels for soybeans.

Tenant’s Rights: Tenants rights are open for the 2011 crop year.

Real Estate Taxes: The real estate taxes will be deducted from the selling price based on the taxes paid in 2010. The real estate taxes paid in 2010 were $291.30 or $18.40/acre. Buyer(s) will assume real estate taxes payable thereafter.

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: Seller 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 James of Richard James Law Offices in Paris, IL. (217)-465-2529

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

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 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. 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: Don Whallon & Joe Whallon

MOSS AUCTION TEAM, LLC

Paris, IL 217-465-4545

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

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.