ONLINE REAL ESTATE AUCTION: Saline County IL 120+- Acres / 1 Tract (2594A)

ONLINE AUCTION: Saline County IL 120+- Acres

Bidding Starts Thursday, August 13, 2020 and Closes Thursday, August 20, 2020 at 8:00 p.m. CST

Property Inspection: By Appointment Only

Location: Harco Blacktop, Harco IL

Description

Good farm with road frontage on Harco Road. 111.24 tillable acres and 2 ponds. If you are looking for a good farm to add to your operation or if you are a first time buyer, you will want to look at this tract.

• Parcel #01-1-063-3-14, 01-1-065-07, 01-1-067-03
• Taxes: $199.02
• Section 34, T8S-R5E

Auction 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 as 1 tract.

TAXES:  $199.02. Pro-rated to day of closing.

MINERAL: Any mineral owned will transfer, if any. None believed to be owned.

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 tile in the form of Title Commitment, a proper deed conveying merchantable title to the real estate to the buyer(s) and tax transfer stamps.  Buyer will pay the Title Insurance premium, deed recording and fees associated with mortgage/financing. Title companies closing fee will be split equally by Buyer and Seller.

CLOSING: Closing shall occur within 30 days (9/20/2020) or as soon thereafter as applicable closing documents are completed. Seller shall pay for recording release from the mortgage. Buyer shall pay for recording the deed of conveyance from Seller and 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 and subject to 2020 farm tenant agreement. Buyer to receive 2020 farm 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 Don Bailey, IL Lic #441.002325