ONLINE LAND AUCTION: Jefferson County IL 60+- Acres / 3 Tracts (2654A)

ONLINE AUCTION: Jefferson County IL 60+- Acres - 3 Tracts

Bidding Closes Thursday, February 25, 2021 at 8:00 p.m. CST

Property Inspection: By Appointment - Call Auctioneer/Broker Mark Kennedy at 618-924-1747

Property Address: 22326 N. Fox Lane, Centralia IL

DESCRIPTION

60 total acres being offered in 3 tracts. 40 acres of the property is leased for farming at $135 per acre. The operator is willing to continue farming or will allow new owner to farm.

Tract 1 - 23 Acres. Mostly tillable ground with 1/4 mile frontage on N. Fox Road.

Tract 2 - 17 Acres. Home site, pond, pasture, electric and municipal water nearby. 1/4 mile frontage on N. Fox Road.

Tract 3 - 20 Acres. Mostly tillable with frontage and access from E. Carpenter Road.

Option 4 - Combo of Tracts 1, 2 and 3 - 60 Acres. Bid on 60 acres as one tract. If the combo bid is equal to or greater than the total of the separate tracts, the combo will prevail.

TERMS AND CONDITIONS

NO BUYER'S PREMIUM.

YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.

SALE IS SUBJECT TO THE CONFIRMATION OF THE SELLERS.

PROCEDURE: Property is offered in 3 tracts.

SHORT LEGAL: NE 1/4 of SW 1/4 except 15 feet off the North side thereof, and the E 1/2 of NW 1/4 of SE 1/4, all in Section 9, T1S-R1E of the Third Principal Meridian, Jefferson Co IL.

TAX ID: 01-09-400-002.

REAL ESTATE TAXES: $400 (estimate). Pro-rated to closing date.

SURVEY: No survey.

MINERAL: Any mineral 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. 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 tenant 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: Mark Kennedy, IL Lic #440000202