Land Auction | Tuesday, March 4, 2014 – 10 AM Central
79.226 +/- acres of Prime Tillable Farmland in Embarrass Township, Edgar County, IL
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.
Directions to Property: From Paris: travel west 10 miles on IL Rt. 133 to CR 400E, travel south .5 mile on CR 400E to property in Section 30, T14N, R13W. Watch for signs.
Property Description: Highly productive farm consisting of 79.226 +/- surveyed acres with predominately class A soils of Drummer and Flanagan.
F.S.A. Information: 78.47 tillable acres classified NHEL with 42.9 acres corn base, 34.8 acres soybean base; direct yields-124 bushels for corn, 36 bushels for soybeans; counter cyclical yields-156 bushels for corn, 43 bushels for soybeans.
Tenant Rights: Tenant rights are open for the 2014 crop year.
Real Estate Taxes: The real estate taxes will be deducted from the selling price based on the taxes paid in 2013. Buyer(s) will assume real estate taxes payable in 2014 and thereafter. The estimated real estate taxes paid in 2013 were $2,890.16.
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 on or before April 4, 2014 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 April 4, 2014 at the Edgar County Title Company office in Paris, IL.
Mineral Rights: Buyer(s) will receive mineral rights owned by seller.
Legal Questions: Legal questions may be directed to attorney Craig Smith of Asher, Smith & Isaf Law Office in Paris, IL. 217-465-6444
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: John Laughead & Judith Miller
MOSS AUCTION TEAM, LLC
Paris, IL 217-465-4545
Matt Moss IL lic.#440.000148 Larry Moss IL lic.#440.000147