Farmland & Country Home Auction | Thursday, November 12, 2020 – 10 AM Central
Highly Productive Farmland & Country Home Auction in
Edgar County, IL
105.16 +/- Acres Offered in 3 Tracts
Highly Productive Farmland in Buck & Symmes Townships and a 1,252 Sq. Ft. Country Home
Thursday, November 12, 2020 – 10 AM Central
Auction Location: Edgar County 4-H Building, 319 E. Elliot St., 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., the 4-H Building is on the north side of Elliot St.
Directions to Tracts: From Paris, IL. Tract 1: Travel west of Paris 4.5 miles on IL Hwy. 133 to CR 925E, travel north 3/4 mile on CR 925E to CR 1100N, travel east 1/4 mile on CR 1100N to CR 950E, travel 1/2 mile north on CR 950E to Tract 1 on the west of the road. Tracts 2 & 3: From intersection of US Hwy. 150 & Terre Haute Rd., travel southeast 3 miles on Terre Haute Rd. to Tracts 2 & 3 on the west side of the road. Watch for signs.
Tract 1: 55.02 +/- acres of highly productive farmland located in Section 30 of Buck Township. Tract 1 consists of 55.8 tillable acres classified NHEL. This farm has road frontage on the east boundary along CR 950E. The Productivity Index (PI) for the soils on this tract is 144.
Tract 2: 49.53 +/- acres of tremendous farmland located in Section 17 of Symmes Township. Tract 2 consists of 45.9 tillable acres classified HEL. This farm has road frontage along the Lower Terre Haute Road. The Productivity Index (PI) for the soils on this tract is 119.1.
Tract 3: consists of a 1,252 sq. ft. country home along with a 24′ x 24′ unattached garage/barn situated on .61 +/- acres in Section 17 of Symmes Township. The home offers 3 bedrooms, 2 bathrooms, family room, kitchen, newer gas water heater, a newer gas forced air heat/AC, new windows in 2010 and an unfinished basement. This home also comes with a GE electric stove/oven and a Maytag clothes washer. Also, this home has metered water from the Clark-Edgar Rural Water District. Address: 6235 N. Lower Terre Haute Rd. Great country home location with many possibilities.
Property Inspection: Auction Company arranged on-site inspections of this property available by appointment. Please contact Auction Company at 217-465-4545. Individual on-site inspection by prospective buyers are permitted via foot traffic only. Please no motored vehicles.
Farm Tenant Rights: Tenant rights are open for the 2021 crop year.
Real Estate Taxes: The 2019 real estate taxes paid in 2020 were as follows, Tract 1: $2,620.14 Tract 2: $848.20 & Tract 3: $1,329.90.
Auction Terms and Conditions
Auction Procedure: This property will be offered in 3 individual tracts. Each tract shall stand on its own merits and will not be combined with the any other tract. Bidders will be able to bid on any tract at several different times during the auction resulting in highest total sale price, subject to the seller’s acceptance. 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(s) immediately following the close of the auction. The remaining balance(s) will be due on or before December 14, 2020 at the closing with delivery of deed(s). 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. Bidders 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 agreement(s) at the auction site immediately following the close of the auction. The final bid prices are subject to the Seller’s acceptance or rejection.
Possession: Buyer(s) will receive full possession at the time of closing.
Title: Sellers will offer title insurance on the property being offered in the auction. The Sellers shall pay any search and closing costs that are customarily associated for a seller. The Buyer(s) shall pay closing costs that are customarily associated with a real estate purchase. Upon full receipt of the entire purchase price by Sellers, Sellers shall deliver to Buyer(s) a Deed conveying title in and to the property to the Buyer(s).
Real Estate Taxes: For Tracts 1 & 2 the Sellers shall give the Buyer(s) a credit at the time of closing based upon the most recently ascertainable real estate tax figures available. For Tract 3 the real estate tax amount will be prorated to the time of closing based upon the most recently ascertainable real estate tax figure available. Buyer(s) will assume all real estate taxes payable in 2021 and thereafter.
Mineral Rights: Buyer(s) will receive mineral rights owned by the sellers.
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, with all faults” 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 due diligence 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.
Sellers: The King’s Kids Trust
Auction Company Note: Due to the current COVID-19 pandemic, social distancing and face masks will be necessary while attending this auction. Thank you.
MOSS AUCTION TEAM, LLC
Paris, IL 217-465-4545
Matthew Moss IL lic. #440.000148