ONLINE AUCTION: Fayette County IL 159+- Acres / 5 Tracts / Tillable Farm Income / 2876A

ONLINE AUCTION: Fayette County IL 159+- Acres Offered in 5 Tracts

Bidding Opens Thursday, March 16, 2023

Bidding Closes Thursday, March 23, 2023 at 8:00 PM CST

Property Inspection: By Appointment Only - Contact Auctioneer Don Bailey at 618-919-1031 for more information or an appointment.

Property Address: Co Rd 1800N & 1850N, Vandalia IL 62471

159+- acres will be offered in 5 tracts, multipar bidding allowed for a combination of any or all tracts, bidding will be per acre x acres. $10 per acre bid increments.

All potential bidders must register before auction, preferably two weeks ahead of March 16, 2023. All potential bidders must personally call Auctioneer Donald Bailey at 618-919-1031. In the past bidders that wait until the last minute to register, may stand a chance not being able to bid.

• Separate tract bidding will be allowed when bidding opens.
• Multi-par / combination of tracts will be allowed at 7 pm, the last hour of close of auction.

PLEASE NOTE: In the Useful Documents section below is an auction sales contract that you will be required to sign. Please review it prior to bidding.

DESCRIPTION

Short Legal: Sections 35 & 36, T7N-R1E

TRACT 1 - 60 ACRES

• With 59 tillable
• Leveled farmland
• Soil productivity index 118.1
• Road frontage on Co Rd 1800N
• Part of Pin #14-10-35-400-001
• Taxes: $993.75 (estimated)

TRACT 2 - 20 ACRES

• With 16 pasture
• Fenced for livestock and pond
• Lays sloping to rolling
• Road frontage on Co Rd 1850N
• Part of Pin #14-10-35-400-001
• Taxes: $331.25 (estimated)

TRACT 3 - 19 ACRES

• All pasture land
• Fenced for livestock
• Lays gently rolling to rolling
• Road frontage on Co Rd 1850N
• Part of Pin #14-10-36-100-003
• Taxes: $196.82 (estimated)

TRACT 4 - 40 ACRES

• With 26 tillable
• Soil productivity index 99.6
• Fenced for livestock
• Lays gently rolling to rolling
• Road frontage on Co Rd 1850N
• Part of Pin #14-10-36-100-003 & 14-10-36-100-005
• Taxes: $406 (estimated)

TRACT 5 - 20 ACRES

• Pasture land
• Fenced for livestock
• Older fence in need of repair
• Lays gently rolling to rolling
• Road frontage on Co Rd 1850N
• Part of Pin #14-10-36-100-003 & 14-10-36-100-005
• Taxes: $408 (estimated)

TERMS AND CONDITIONS

NO BUYER'S PREMIUM.

YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.

SALE IS SUBJECT TO THE CONFIRMATION OF THE SELLERS.

BIDDING PER ACRE X AMOUNT OF ACRES. OFFERED IN 5 TRACTS. $10 BID INCREMENTS.

PROCEDURE: Property offered in 5 tracts or combination.

SURVEY: No survey provided.

MINERAL: Seller to convey all, if any.

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 wire transfer and received within 3 business days. 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 at closing including 2023 farming rights.

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: Donald Bailey, IL Lic #441.002325