Land Auction

159.82 +/- acres Offered in 2 Tracts in

Shiloh Township of Edgar County, IL

Productive Tillable Farmland

Tuesday, November 30, 2010 –10 AM Central

Auction location: The Community Center/Village Hall at 101 Front St. in Hume, IL.

Directions to Property: From intersection of US 36 & IL Rt. 49, travel east 5.5 miles on US 36 to CR 900E, travel south 4miles to CR 1800N, travel west .5 mile to Tract 1. From Tract 1travel west on CR 1800N to CR 825E, travel south .25 mile on CR 825E to Tract 2.Watch for signs.

Tract Descriptions:

Tract 1: 107.32 +/- acres of highly productive Edgar County soils located in Shiloh drainage district #3. Farm is situated within a few miles of 2 major grain elevators.

Tract 2: 52.5 +/- acres of quality farmland with excellent road frontage, located within a few miles of 2 major grain elevators.

F.S.A. Information:

Tract 1: 107.89 acres tillable classified NHEL, 53.7 acres corn base, 54.2 acres soybean base; direct yields-129 bushels for corn, 34 bushels for soybeans; counter cyclical yields-149 bushels for corn, 41 bushels for soybeans.

Tract 2: 52.61 acres tillable classified NHEL, 26.6 acres corn base, 26 acres soybean base; direct yields-129 bushels for corn, 34 bushels for soybeans; counter cyclical yields-149 bushels for corn, 41 bushels for soybeans.

Real Estate Taxes:

Tract 1: 2009 taxes paid in 2010 were $2,266.48 or $21.12/acre

Tract 2: 2009 taxes paid in 2010 were $1,264.32 or $24.08/acre

Auction Terms and Conditions

Auction Procedure: This property will be offered in 2 separate 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 December 21, 2010 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.

Closing: The closing will take place on or before December 21, 2010 at Richard James Law Offices in Paris, IL.

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

Tenant Rights & Possession: Tenant rights are open for the 2011 crop year. 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 2010. Buyer(s) will assume real estate taxes payable in 2011 and thereafter.

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 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: Sara Byarley Trust & George Byarley Trust

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.