Online bidding registration must be complete 24hrs prior to the live event.
Property Description
SOLD at Auction $16,000 per acre.
FARMLAND AUCTION
+/- 80 Acres, Highly Productive Soils
Champaign County, IL.
Part of Sec 35, T18N - R8E, Tolono TWP.
Auction Time & Date:
Friday, 10:00 AM, November 18th
Auction Location:
I Hotel & Conference Center
1900 S 1st St, Champaign, IL 61820
Please use the North parking lot
Farm Location Address:
1102 County Road 600N, TOLONO, IL 61880
+/- 80 Acres in total
+/- 77.01 Tillable Acres
Highly productive Drummer, Elburn and Blackberry soils, 142.8 PI.
Open farm tenancy for 2023
Legal Description: All that part of the SE quarter of Section 35 which lies East of the center of the Public Highway running North and South across said SE quarter, in Township Eighteen (18) North, Range Eight (8) East of the Third Principal Meridian, in Champaign County, Illinois. PIN# 29-26-35-400-003.
2021 payable 2022 real estate tax, $3,317.44 = $41.47 per acre.
Land Broker and Auctioneer, Travis Selby
IL Lic.# 441001485
217-304-1686
WWW.AGEXCHANGE.COM
Online Bidding Procedure: The online pre-bidding begins Tuesday, November 15th, 2022, at 8:00 AM closing Friday, November 18th, 2022, at the close of live the event.
All bids on the tracts will be visible online, the identity of the bidders is confidential.
Server and Software Technical Issues: In the event there are technical difficulties related to the server, software, or any other online auction-related technologies, Ag Exchange reserves the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software nor Ag Exchange shall be held responsible for a missed bid or the failure of the software to function properly for any reason. E-mail notification will be sent to registered bidders with updated information as deemed necessary by Ag Exchange.
Auction terms and conditions:
Procedure: Property will be offered as one +/- 80 Acre, Friday, 10:00 AM, November 18th at the I HOTEL and Conference Center, 1900 S 1st St, Champaign, IL 61820. Online Bidding Available for pre resisted bidders.
BIDDING IS NOT CONDITIONAL UPON FINANCING.
This sale is subject to Owners confirmation.
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 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. Anticipated closing date is on or before December 21st, 2022.
Possession: Possession will be given at closing subject to the removal of the 2022 crop.
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:
Seller will credit buyer at closing $3,317.44 for the 2022 payable 2023 real estate tax.
Survey: Seller shall not provide a survey, and the sale shall not be subject to a survey. Tract acreage is approximate and has been determined by deeds, legal description, and aerial photographs.
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: Karen Skladanowski, Trustee of the Mary Ellen Schubert Trust.
