Property Description
SOLD at AUCTION
$14,500 per acre
FARMLAND AUCTION
+/- 160 Acres, Rutledge TWP. DeWitt County, IL.
10 AM, DEC 1st
+/- 160 Acres located in section 26 and section 35, Rutledge TWP. DeWitt County, IL.
Highly Productive Class A Soils, 142 PI
2022 Open Farm Tenancy
Auction will be held at the Woodlawn Country Club
902 E Richardson St, Farmer City, IL 61842
10:00 AM DEC 1st
+/- 160 Acres in total consisting of:
The west half of the southwest quarter of section 26 and the west half of the northwest quarter of section 35, T21 R4E, Rutledge TWP. DeWitt County, IL
Assessor Parcel #s:
04-26-300-001 (80 Acres) 2020 payable 2021 Tax: $4,186.10
04-35-100-001 (80 Acres) 2020 payable 2021 Tax: $3,943.94
Contact Land Broker and Auctioneer Travis Selby 217.304.1686 IL Lic.# 441001485
Managing Broker Stephanie Spiros 217.304.0404
Auction terms and conditions:
Procedure:
Property will be offered as 1 tract +/- 160 Acres
YOUR 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. Copies of such contracts are available for review at the office of the auctioneer.
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 10% down payment will be held in Escrow with Ag Exchange, Inc. The balance of the contract purchase price is due at closing.
Closing: Closing shall take place 29 days after auction day, or as soon thereafter as applicable closing documents are completed. Anticipated closing date is on or before December 30th, 2021.
Possession: Possession will be given at closing.
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). 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.
Real Estate Taxes and Assessments: 2021 real estate taxes payable 2022 will be paid by seller as a credit to buyer at closing based on the 2020 taxes.
Survey: A new survey shall not be provided, and the sale shall not be subject to a survey. The farm will be sold per deeded acre.
Mineral Rights: The sale of the property shall include all mineral rights owned by the seller, if any.
Agency: Ag Exchange Inc. and its 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.
Seller: US TRUST ELLIS TRUST
