ONLINE LAND AUCTION: Jackson County IL 40+- Acres / Productive Farmland Tillable Cropland / 2739A

ONLINE AUCTION: Jackson County IL 40+- Acres - 1 Tract

Bidding Closes Thursday, November 18, 2021 at 8:00 p.m. CST

Property Inspection: By Appointment Only - Contact Managing Broker Jamie Keller at 618-713-7677 or jkeller@buyafarm.com

Property Address: West Gorham Road, Gorham IL 62940

DESCRIPTION

Productive 40+- acres level cropland in the Mississippi River bottoms.  Jackson County, IL near Gorham.  Frontage on West Gorham Road. Sellers will retain 2021 crop income. Drainage ditch near center NE to SW. Property has some tiling.

• Parcel: #13-30-101-002
• 2020 Taxes: $1,103
• Short Legal: Section 30, T9S-R3W
• 40 tillable acres
• Farmland open for 2022 crop season

Directions: IL Hwy 3 to Gorham Road.  1.8 miles northwest to property.  Signed.

TERMS AND CONDITIONS

YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.

NO BUYERS PREMIUM!

SALE IS SUBJECT TO THE CONFIRMATION OF THE SELLERS.

PROCEDURE: Property is offered as a whole, no divisions (not be acre). Bidding will be by total dollar. $1000 minimum bid increments.

SURVEY:  No survey will be provided.

MINERAL: Any owned will transfer, 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 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, if any. 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. Subject to 2021 crop lease. Seller will retain 2021 crop income.

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: Wayne Keller, IL Lic #441.002475.