Land Auction | Friday, February 5, 2016 – 10 AM Central
Prime Farmland Auction
161.16 +/- acres of Prime Tillable Farmland in Prairie Township, Edgar County, IL
Friday, February 5, 2016 – 10 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.
Directions to Property: From Chrisman, IL: travel east 4 miles on US Hwy. 36 to CR 1950E/Scottland Road, travel north 2 miles on CR 1950E/Scottland Road to CR 2400N, travel west .5 mile on CR 2400N to the property.
Property Description: Highly productive farm consisting of 161.16 +/- acres with predominately class A soils types of Drummer (75.89 acres) and Flanagan (71.04 acres). The Productivity Index (PI) for the soils on this farm is 142.79.
F.S.A. Information: approximately 160.24 tillable acres classified NHEL with 84.69 acres corn base, 75.64 acres soybean base; PLC-Yield of 166 for corn, 51 for soybeans
Tenant Rights: Tenant rights are open for the 2016 crop year.
Real Estate Taxes: The real estate taxes will be deducted from the selling price based on the taxes paid in 2015. Buyer will assume real estate taxes payable in 2016 and thereafter. The real estate taxes paid in 2015 were $6,793.82.
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 March 5, 2016 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. 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 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 will receive mineral rights owned by the seller.
Legal Questions: Legal questions may be directed to attorney Robert Anderson of Anderson Law Offices in Paris, IL. 217-465-3535
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: Scott Family Farms, LLC