AUCTION +/- 120 Acres, 6 tracts Concord Twp. Iroquois County, IL.

Property Description

FARMLAND AUCTION
+/- 120 Acres offered in 6 tracts
Concord Twp. Iroquois County, IL.
Auction Time & Date:
Live Event: Thursday, 6:00 PM, May 9th
Online bidding available for pre-registered bidders.
ONLINE PRE-BIDDING will start 8 AM, May 6th ending at the close of the live event.

Auction Location:
Iroquois Co Community Unit 9, District Office.
1411 Lafayette Street, Watseka, IL 60970

Farm Address for driving directions:
2813 E 2150 NORTH RD IROQUOIS IL 60945

Open House, Property Inspection Dates:
April 20th and May 4th, 9am 3pm.
Meet agent at T4

Woods / Potential Pasture / Tillable Land / Outbuildings.
72 x 60 Morton Machine shed with electricity, well and septic system.
Multi Parcel Bidding. Bid on individual tracts or any combination of tracts.

Sale is subject to a 50/50 crop share lease.
Buyer will assume the owners 50% share crop agreement obligation for the 2024 crop year.
See attached Yield History PDF

T1: +/- 19.00 Acres, , mainly all tillable except for the county roadside ditch, 99.5 PI.
Part of section 16, T27N-R11W, Concord Twp, Iroquois County, IL. Part of Assessor PIN# 20-16-400-002.
Estimated real estate tax: $491.91

T2: +/- 12.00 Acres consistng of woods, grass habitat, creek, and a +/- 2 acre shallow water wetland created by the US fish and Wildlife.
The US Fish and Wildlife Habitat Retention Period ends July 9th, 2024. +/- 0.5 acres enrolled in CRP paying $87.00 annualy through the fall of 2025.
Part of section 16, T27N-R11W, Concord Twp, Iroquois County, IL. Part of Assessor PIN# 20-16-400-002.
Estimated real estate tax: $90.00

T3: +/- 26.75 acres, mainly all tillable except for the county roadside ditch, 90.71 PI.
Part of section 15 and section 16, T27N-R11W, Concord Twp, Iroquois County, IL.
Split out of Assessor PIN #s 20-16-400-002 and 20-15-301-001. Estimated real estate tax: $692.56

T4: +/- 4.00 Acres, Well maintained, 72 x 60 Morton Pole Barn built in 2018.
Renovated, his and her bath house, and a 50 x 24 outbuilding used as a gathering hall for friends and family.
Electricity, water well and septic system.
Part of section 15, T27N-R11W, Concord Twp, Iroquois County, IL.
Split out of Assessor PIN 20-15-301-001. Estimated real estate tax: $1,712.06

T5: +/- 15.00 Acres, mainly all tillable except for the county roadside ditch, 96 PI.
Part of section 15, T27N-R11W, Concord Twp, Iroquois County, IL.
Split out of Assessor PIN 20-15-301-001. Estimated real estate tax: $388.35.

T6: +/- 43.25 Acres, +/- 15.71 cropland acres consisting of +/- 1.4 CRP acres paying $243.60 annually through the fall of 2025.
+/- 14.31 tillable acres, 84.9 PI, +/- 24.72 wooded acres, and +/- 1.5 acre shallow water wetland area created by the US fish and wildlife.
The US Fish and Wildlife Habitat Retention Period ends January 15th, 2028.
Split out of Assessor PIN #s 20-16-400-002 and 20-15-301-001. Estimated real estate tax: $613.28.

Auction terms and conditions:
Procedure: The property will be offered as 6 individual tracts and any combination of tracts. The auction will be conducted publicly with online bidding available for pre-registered online bidders. Bidding shall remain open until the auctioneer announces bidding closed.

BIDDING IS NOT CONDITIONAL UPON FINANCING.

Acceptance of Bid Prices/Contracts: All successful bidders will sign a sale contract at the auction site immediately following the close of the bidding.

Down Payment: A 10% earnest money deposit of the total contract purchase price will be due immediately after being declared the buyer. The down payment may be paid in the form of a personal check, business check, or cashiers check. The balance of the contract purchase price is due at closing.

Closing: Closing shall take place 33 days after auction day, or as soon thereafter as applicable closing documents are completed.
The anticipated closing date is on or before June 11th, 2024.

Possession: Possession will be given at closing subject to the 2024 crop lease agreement.
Buyer will assume the owners 50% share crop agreement obligation for the 2024 crop year.
Buyer input reimbursements, due to seller at closing: TBD
Title: Sellers shall provide an Owners Policy of Title Insurance in the amount of the purchase price and shall execute a deed conveying to the buyer(s). Sellers shall pay the premium for the Title Insurance Policy and the sellers search charges. Commitments for Title Insurance will be available for review at the office of the auctioneer and at the auction site. Bidders shall be deemed to have reviewed and approved the Title Commitments by submitting bids.
Survey: New plats of survey for each tract are available for review. Contact the auctioneer for a copy of the plat of survey.
Title: Sellers shall provide an Owners Policy of Title Insurance in the amount of the purchase price and shall execute a Trustees Deed conveying to the buyer(s). Seller shall pay the premium for the Title Insurance Policy and the sellers search charges. Commitments for Title Insurance will be available for review at the office of the auctioneer and at the auction site. Bidders shall be deemed to have reviewed and approved the Title Commitments by submitting bids.

Real Estate Taxes and Assessments: The seller shall pay the 2023 real estate tax due and payable in 2024.
The buyer shall be responsible for paying 100% of the 2024 real estate tax due and payable in 2025.

Mineral Rights: The sale of the property shall include all mineral rights owned by the seller.

Agency: Ag Exchange Inc. and their representatives are exclusive agents of the Seller.
Disclaimer and Absence of Warranties: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the sales contract.
ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
The property is being sold on an as is basis, and no warranty or representation either expressed or implied, concerning the condition of the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries and due diligence concerning this property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the sellers or the auction company. All sketches and dimensions in this brochure are approximate. Photographs are used for illustrative purposes only. Conduct at the auction and increments of the bidding are at the discretion of the auctioneer. The sellers and the auction company reserve the right to preclude any person from bidding and to remove any person from the auction if there is any question as to the persons credentials, fitness, conduct, etc. All decisions of the auctioneer are final.

Sellers: The Veronica Popp Trust