ONLINE LAND AUCTION: Marion County IL 80+- Acres / 1 Tract / Timber Tillable Hunting (2706A)

ONLINE LAND AUCTION: Marion County IL 80+- Acres / 1 Tract

Bidding Closes Thursday, July 8, 2021 at 8:00 p.m. CST

Property Inspection: Saturday, June 19, 10 a.m. to 2 p.m. OR By Appointment - Call Auctioneer Mark Kennedy at 618-924-1747

Property Address: 7569 Malone Road, Alma IL 62807

Please Note: Bidding is total dollars on the tract, not by the acre, in $1,000 bid increments.

DESCRIPTION

80 acres located 2.25 miles West and South of Interstate 57. 9 acres tillable, 70 acres mature timber. Excellent tract for deer and turkey hunting. Municipal water available.

Directions: Exit #127 from Interstate 57. Travel West on Kinoka Road 1.5 miles. Turn South on Malone Road for 0.7 miles. Property on the right.

TERMS AND CONDITIONS

NO BUYER'S PREMIUM.

YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.

SALE IS SUBJECT TO THE CONFIRMATION OF THE SELLERS.

Please Note: Bidding is total dollars on the tract, not by the acre, in $1,000 bid increments.

PROCEDURE: Property is offered in 1 tract.

SHORT LEGAL: Section 36, T4N-R2E

TAX ID: 02-36-200-003

REAL ESTATE TAXES: $225. Pro-rated to closing date.

SURVEY: There is an existing survey plat.

MINERAL: All owned will transfer.

CONTRACT AND DOWN PAYMENT: Contract for purchase to be signed within 24 hours of close of auction. A 10% down payment of the total contract purchase price will be due immediately after being declared the winning bidder. The down payment may be paid in the form of personal check, wire transfer, business check or cashier's check and received within 3 business days. Earnest check to be made to Buy A Farm Land & Auction Co. Trust Account. The balance of the contract purchase price is due at closing.

TITLE: Sellers shall furnish the Buyer(s) at Seller's expense marketable title in the form of Title Commitment, Title Insurance, a proper deed conveying merchantable title to the real estate to the buyer(s) and tax transfer stamps.  Buyer will pay the deed recording and fees associated with mortgage/financing. Title companies closing fee will be split equally by Buyer & Seller.

CLOSING: Closing shall occur within 45 days or as soon thereafter as applicable closing documents are completed. Seller shall pay for recording release from any mortgage. Buyer shall pay for recording the deed of conveyance from Seller and any mortgage title insurance charges. Any closing costs not herein provided for shall be borne by Buyer. Seller shall cause the Closing Statement to be delivered to Buyer at or before the closing.

POSSESSION: Possession will be given at closing.

The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed the owners or Buy A Farm Land & Auction Co. LLC. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property. Real estate is being sold "As Is, Where Is".

Any bid placed inside 5 minutes will extend the auction bidding another 5 minutes. This will continue until there are no more bids.

AUCTIONEER: Mark Kennedy, IL Lic #440000202