+/- 247.68 Acres, 2 Tracts Love and Elwood TWPs. Vermilion County, IL. 10 AM March 7th
Online pre-bidding begins Friday, March 3rd, 2023, at 8:00 AM closing Tuesday, March 7th, 2023 at the close of live the event.
+/- 247.68 Acres, 2 Tracts
Love and Elwood TWPs. Vermilion County, IL.
Auction Time & Date:
Tuesday, 10:00 AM, March 7th
Georgetown Fair Banquet Center
413 N Seminary Street
Georgetown, IL. 61846
Farm tracts are located 3.5 miles east of Ridge Farm, IL.
Highly Productive Drummer, Flanagan, and Raub soils.
Open farm tenancy for 2023.
Wind Turbine Options on T1 and T2.
Final tract acreage to be determined by survey prior to sale.
T1: +/- 101.33 SURVEYED ACRES
+/- 97.15 tillable acres, 142PI
2022 payable 2023 real estate tax: $5,821.94
Part of section 26, T17N R11W Love TWP. Vermilion County, IL.
PIN #s: 33-26-100-005 (8.88 Acres); 33-26-100-003 (55.80 Acres);
33-26-200-006 (23.00 Acres) and 33-26-200-008 (10.00 Acres). The sale of T1 is subject to the buyer of T1 reimbursing seller for Lime at closing in the amount of $1,627.21.
See attached invoice.
T2: +/- 151.78 SURVEYED ACRES
+/- 148 tillable acres, 137.2 PI
2022 payable 2023 real estate tax: $7,681.30 Estimated amount due to property split.
Part of section 34, T17N R11W, Elwood TWP. Vermilion County, IL.
Assessor PIN #s: 33-34-100-003 (20.00 Acres, excepting the house and +/- 5 acres);
33-34-100-004 (20.00 Acres); 33-34-300-002 (25.00 Acres); 33-34-400-001 (65.00 Acres);
35-25-100-004 (21.87 Acres). The sale of T2 is subject to the buyer of T2 reimbursing seller for Lime at closing in the amount of $ 953.65.
See attached invoice.
Land Broker and Auctioneer, Travis Selby
IL Lic.# 441001485
Online Bidding Procedure: The online pre-bidding begins Friday, March 3rd, 2023, at 8:00 AM closing Tuesday, March 7th, 2023 at the close of live the event.
All bids on the tracts will be visible online, the identity of the bidders is confidential.
Server and Software Technical Issues: In the event there are technical difficulties related to the server, software, or any other online auction-related technologies, Ag Exchange reserves the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software nor Ag Exchange shall be held responsible for a missed bid or the failure of the software to function properly for any reason. E-mail notification will be sent to registered bidders with updated information as deemed necessary by Ag Exchange.
Auction terms and conditions:
Procedure: Tracts will be offered individually. Bidding shall remain open until auctioneer announces bidding closed. Auction will be conducted publicly with online bidding available for absentee bidders.
BIDDING IS NOT CONDITIONAL UPON FINANCING.
This sale is subject to Owners confirmation. Owner reserves the right to accept or reject any and all bids.
The sale of T1 is subject to the buyer of T1 reimbursing seller for Lime at closing in the amount of $1,627.21.
The sale of T2 is subject to the buyer of T2 reimbursing seller for Lime at closing in the amount of $ 953.65.
Acceptance of Bid Prices/Contracts: All successful bidders will sign a sale contract at the auction site immediately following the close of the bidding. Down Payment: A 10% earnest money deposit of the total contract purchase price will be due immediately after being declared the buyer. The down payment may be paid in the form of a personal check, business check, or cashiers check. The balance of the contract purchase price is due at closing.
Closing: Closing shall take place 30 days after auction day, or as soon thereafter as applicable closing documents are completed.
Anticipated closing date is on or before April 6th, 2023.
Possession: Open farm tenancy for 2023 crop year. Farm operators will have the right to enter the farm upon the deposit of the 10% down payment allowing the operator the right to perform customary tillage / fertilizer application / planting prior to closing.
Title: Sellers shall provide an Owners Policy of Title Insurance in the amount of the purchase price and shall execute warranty deed conveying to the buyer(s). Sellers shall pay the premium for the Title Insurance Policy and the sellers search charges. Commitments for Title Insurance will be available for review at the office of the auctioneer and at the auction site. Bidders shall be deemed to have reviewed and approved the Title Commitments by submitting bids.
Real Estate Taxes and Assessments: Seller shall pay 100% of the 2022 real estate tax due and payable 2023.
Buyer shall be responsible for 100% of the 2023 real estate tax due and payable in 2024.
Mineral Rights: The sale of the property shall include all mineral rights owned by the seller.
Agency: Ag Exchange Inc. and their representatives are exclusive agents of the Seller.
Disclaimer and Absence of Warranties: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the sales contract.
ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
The property is being sold on an as is basis, and no warranty or representation either expressed or implied, concerning the condition of the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries and due diligence concerning this property. The information contained in this brochure is believed to be accurate but 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. All sketches and dimensions in this brochure are approximate. Photographs are used for illustrative purposes only. Conduct at the auction and increments of the bidding are at the discretion of the auctioneer. The sellers and the auction company reserve the right to preclude any person from bidding and to remove any person from the auction if there is any question as to the persons credentials, fitness, conduct, etc. All decisions of the auctioneer are final.
Seller: Mary Brockway and John Brockway