Online pre-bidding begins Monday, Nov 6th, 2023, at 8:00 AM closing Thursday, Nov 9th, 2023 at the close of live the event.

FARMLAND AUCTION
Class A Soils
+/- 460.39 Acres, Offered in 5 Tracts
Catlin TWP. Vermilion County, IL.

Auction Time & Date:
Thursday, 10:00 AM, November 9th.

Auction Location:
Georgetown Fair Banquet Center
413 N Seminary Street
Georgetown, IL. 61846

Farm tracts are located 1 mile west of Westville, IL on County HWY 5, and 1.5 miles south of Catlin, IL on County HWY 7, and 2.5 miles south of Catlin IL on County Rd. 1100 North.
Part of sections 9,10, 11, and 1, T18N- R12W Catlin TWP. Vermilion County, IL.

Class A Soils.
T1, T2, T3, and T4, system tiled farms.
Highly Productive, Drummer and Flanagan Soils.
Open farm tenancy for 2024.
Online and In Person, Multi Parcel Bidding.
T5 is a standalone tract. 

T1:  +/- 80.00 Acres; +/- 77.03 Tillable Acres, 143.3 PI
Part of section 10 and section 11, T18N- R12W Catlin TWP. Vermilion County, IL.
PIN# 27-10-200-002 (40.00A); tax = $2,656.40
PIN# 27-11-100-001 (40.00A); tax = $2,726.38   
2022 payable 2023 Real Estate Tax Total = $5,382.78 = $67.28 per acre.

T2:  +/- 118.69 Acres; +/- 117.9 Tillable Acres, 142.8 PI.
Part of section 11, T18N- R12W Catlin TWP. Vermilion County, IL.
PIN# 27-11-100-002 (78.79A); tax = $5,123.78
PIN# 27-11-300-004 (39.75A); tax = $2,601.74
PIN# 27-11-300-005 (00.15A); tax = $ 0       
2022 payable 2023 Real Estate Tax Total = $7,725.52 = $65.09 per acre.        

T3:  +/- 116.21 Acres; +/- 115.23 Tillable Acres, 140.8 PI
Part of section 11, T18N- R12W Catlin TWP. Vermilion County, IL.
PIN# 27-11-200-005 (116.21A)    
2022 payable 2023 Real Estate Tax Total = $7,093.38 = $61.04 per acre.       

T4:  +/- 48.22 Acres; 100% tillable tract, 144 PI
Part of section 1, T18N- R12W Catlin TWP. Vermilion County, IL.
PIN# 27-01-400-010 (09.22A); tax = $   615.56
PIN# 27-01-400-007 (39.00A); tax = $2,526.24   
2022 payable 2023 Real Estate Tax Total = $3,141.80 = $65.15 per acre.  

T5: +/- 97.27 Acres in total; 100% tillable tract, 143.8 PI.
Standalone tract, cannot be bid on in combination.
Part of section 9 and section 10, Catlin TWP, T18N – R12W, Vermilion County, IL.
PIN# 27-09-400-002 (20.00 acres); tax = $1,384.22
PIN# 27-10-300-006 (27.67 acres); tax = $1,815.06
PIN# 27-10-300-005 (49.60 acres); tax = $3,294.40
2022 payable 2023 real estate tax = $6,493.68 = $66.75 per acre.

Land Broker and Auctioneer, Travis Selby
IL AUCTION Lic.# 441001485
217-304-1686 
WWW.AGEXCHANGE.COM

 

Auction terms and conditions:

Procedure:  T1, T2, T3, and T4 shall be offered individually with multi parcel bidding.
T5 will be offered individually.  T5 is a standalone tract, cannot be bid on in combination with other tracts.  
The auction will be conducted publicly with online bidding available for pre-registered online bidders. Bidding shall remain open until the auctioneer announces bidding closed.

BIDDING IS NOT CONDITIONAL UPON FINANCING.

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 cashier’s check. The balance of the contract purchase price is due at closing.

Closing: Closing shall take place 33 days after auction day, or as soon thereafter as applicable closing documents are completed. 
The anticipated closing date shall be Tuesday December 12^th, 2023.          

Possession: Possession will be given at closing subject to the existing 2023 crop lease.  Open tenancy for 2024 crop year.

Survey: A new survey shall not be provided, and the sales shall not be subject to a survey.  The farms will be sold per deeded acre. 

Title:  Sellers shall provide an Owner’s Policy of Title Insurance in the amount of the purchase price and shall execute a Trustee’s 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:  Buyer shall receive a tax credit from seller at closing for the 2023 real estate tax due and payable in 2024 in the amount of: T1: $5,382.78;  T2: $7,725.52;  T3: $7,093.38;  T4: $3,141.80;  T5: $6,493.68.
The buyer shall be responsible for paying 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 person’s credentials, fitness, conduct, etc. All decisions of the auctioneer are final.
T1, T2, T3, and T4 Seller:  ACWE HOLDINGS INC.
T5 Seller:  Freda M Varner

Turtle Run Banquet Center 332 E Liberty Ln, Danville, IL 61832
Illinois
United States