Land Auction | Thursday, November 4, 2021 – 10 AM Central
Edgar County, IL
97 +/- Acres Offered in 1 Tract
Highly Productive Farmland in Prairie Township
Thursday, November 4, 2021 – 10 AM Central
Auction Location: Step Station, 14793 E 1200N Road, Paris, IL.
Directions to Auction Location: Step Station is located on the north edge of Paris, just east of IL Highway 1 on CR 1200N.
Directions to Property: From Chrisman, IL: From intersection of US Hwy. 36 & IL Hwy. 1 travel east 6 miles on US Hwy. 36 to county road 2200E, travel north .5 mile on CR 2200E to property on east side of road. Watch for signs.
Property Description: 97.0 +/- acres of highly productive farmland located in Section 29 of Prairie Township. According to Edgar County FSA Office this tract consists of 96.86 total cropland acres classified non-HEL. The Productivity Index (PI) for the soils on this tract is 136.2.
Tenant Rights: Tenant rights are open for the 2022 crop year.
Real Estate Taxes: The 2020 real estate taxes paid in 2021 were $3,788.62.
Auction Terms and Conditions
Auction Procedure: This property will be offered as one parcel on per acre basis resulting in highest total sale price, subject to the sellers’ acceptance.
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 3, 2021 at the closing with delivery of deed. Property is being sold subject to any easements or right of ways of public record. Buyer 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 agreement at the auction site immediately following the close of the auction. The final bid price is subject to the sellers’ acceptance or rejection.
Possession: Buyer 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 shall pay closing costs that are customarily associated with a real estate purchase. Upon full receipt of the entire purchase price by the Sellers, Sellers shall deliver to Buyer a Deed conveying title in and to the property to the Buyer.
Real Estate Taxes: The Sellers shall give the Buyer a credit at the time of closing based upon the most recently ascertainable tax figure available at closing. Buyer will assume all real estate taxes payable in 2022 and thereafter.
Mineral Rights: Buyer 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 Seller 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 Seller 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: Julia Del Rosario, Margaret Mong, Scott Truitt & Courtney Nicholson
MOSS AUCTION TEAM, LLC
Paris, IL 217-465-4545
Matthew Moss IL lic. #440.000148