AUCTION +/- 164.74 Acres, 2 tracts South Ross Twp. Vermilion County, IL.

Property Description

SOLD at Auction

FARMLAND AUCTION
+/- 164.74 Acres offered in 2 tracts
South Ross Twp. Vermilion County, IL.
Auction Time & Date:
Thursday, 10 AM, July 18th

Auction Location:
Turtle Run Banquet Center
332 E Liberty Ln, Danville, IL 61832

Online bidding available for pre-registered bidders.
Online pre-bidding begins Monday July 15th, 2024, at 8 am, closing Thursday July 18th, 2024, at the close of the live event.

Highly productive tillable land.
Farmhouse and Outbuildings selling in as is condition.
Woods / Potential Pasture / Tillable Land.

Sale is subject to the 2024 crop lease.
T2 buyer receives cash rent in the amount of $20,126.75 on or before December 1st, 2024.

Farm site Address: 29375 ST RTE 119 Alvin, IL 61811.
Part of section 8 and section 9, T21N R11W South Ross Twp. Vermilion County, IL.

T1: +/- 7.5 acres, Woods and tillable land. Road frontage along IL Rt 119. Large acreage building site, potential for pasture.
Assessor PIN# 14-08-400-003; (7.5 acres). Part of section 8, T21N R11W South Ross Twp. Vermilion County, IL.
2023 payable 2024 realestate tax = $633.22

T2: +/- 157.24 acres consisting of +/- 151.9 tillable acres, 125.3 PI.
80 x 45 machine shed, 1,350 sq ft farmhouse selling in as is condition.
Assessor PIN#: 14-09-300-002; (157.24 acres) The southwest quarter of section 9, T21N R11W South Ross Twp. Vermilion County, IL.
2023 payable 2024 realestate tax = $6,025.42

Land Broker and Auctioneer
Travis Selby
IL Lic.# 441001485
217-304-1686

Auction terms and conditions:
Procedure: The property will be offered as 2 individual 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.
Sale is subject to the sellers 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.
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 occur 33 days after the day of auction. The anticipated closing date is Tuesday August 20th, 2024.

Possession: Possession will be given at closing subject to the 2024 crop lease agreement.
T2 buyer receives cash rent in the amount of $20,126.75 on or before December 1st, 2024.

Survey: A survey shall not be provided, and the sale shall not be subject to a survey. The land will sell per deeded acre.

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). The 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 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.

Seller: White Family Heirs