ONLINE LAND AUCTION: Jefferson County IL 509+- Acres / Tillable Income CRP / 2753A

ONLINE LAND AUCTION: Jefferson County IL 509+- Acres - 3 Tracts

Bidding Opens Thursday, November 11, 2021 at 8:00 a.m. CST

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

Property Inspection: By Appointment - Call Auctioneer/Broker Don Bailey at 618-919-1031

Property Address: East Lynchburg Road, Opdyke IL 62873

Please Note: Bidding is per acre in $50 bid increments.

DESCRIPTION FOR ALL TRACTS

• Lays gently sloping allowing for good drainage for crops.
• Very well-maintained farm; family owned for many years.
• Farm is available for 2022 farming practices.
• Located North of Interstate 64 / East of Mt Vernon IL  / NE Opdyke / North of Bellerive IL

DESCRIPTION - TRACT 1

• 225 acres with 205.69 FSA tillable.
• Has road frontage on North Silver Lane and East Quebec Road.
• Soil Crop Production Index 98.6
• Taxes $9.66 per acre
• Located in Sections 2, 3, 10 and 11, T3S-R4E, Pendleton Twp, Jefferson County IL

DESCRIPTION - TRACT 2

• 134 acres with 133.9 FSA tillable.
• Has road frontage on North Silver Lane and East Lynchburg Road.
• Soil Crop Production Index 98.3
• Taxes $9.66 per acre
• Located in Sections 3 and 10, T3S-R4E, Pendleton Twp, Jefferson County IL

DESCRIPTION - TRACT 3

• 150 acres with 119.3 FSA tillable.
• Tract has 32.97 acres enrolled in CRP Practice CP1.
• Pays $4,220 annually, contract expires 09/30/2025.
• Has road frontage on East Liberty Road and Falcon Lane.
• Soil Crop Production Index 99.3
• Taxes $9.20 per acre
• Locate in Section 4, T3S-R4E, Pendleton Twp, Jefferson County IL

TERMS AND CONDITIONS

NO BUYER'S PREMIUM.

YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.

SALE IS SUBJECT TO THE CONFIRMATION OF THE SELLERS.

FINAL BID ACCEPTANCE WILL BE DETERMINED BY SELLERS WITHIN OR BEFORE 24 HOURS AFTER AUCTION END.

PLEASE NOTE: BIDDING IS BY THE ACRE IN $50 BID INCREMENTS.

Property will close within 30 days or less at the sole discretion of seller.

PROCEDURE: Property is offered in 3 tracts.

SHORT LEGAL:

• Tract 1 Sections 2, 3, 10 and 11, T3S-R4E, Pendleton Twp, Jefferson County IL
• Tract 2 Sections 3 and 10, T3S-R4E, Pendleton Twp, Jefferson County IL
• Tract 3 Section 4, T3S-R4E, Pendleton Twp, Jefferson County IL

TAXES: Pro-rated to closing date. (Tract 1 and 2 $9.66 per acre, Tract 3 $9.20 per acre)

PARCEL #: Part of 12-04-200-004, 12-04-400-004, 12-03-400-002, 12-10-100-002

SURVEY: No survey.

MINERAL: None to 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 30 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: At closing subject to present farm tenant agreement / harvest of 2021 crops.

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