Auction +/- 100 Acres, 2 Tracts, Iroquois County IL.

Property Description

+/- 100 Acres offered in 2 Tracts, Iroquois County IL.
OCTOBER 24^th, 6:30PM  (CST)
Section 14, T26N – R14W Onarga TWP.

Auction Location:
Crescent City Community Center
300 Main Street Crescent City, IL 60928

Productive Farmland
Wooded Acreage with Spring Creek Frontage
Excellent hunting and recreational opportunities
Large Acreage build site.

Property Address: 1206 E TWP RD 209 Gillman IL.  Look for auction signs.

T1 and T2 will be offered individually.
The final sales price of T1 and T2 shall be the per acre bid price times the surveyed acre.

T1:  +/- 37 acres consisting of +/- 7.09 tillable acres,  115.8 PI.
and +/- 29.91 wooded acres.
Excellent deer, turkey and small game hunting.
Spring Creek frontage.
Large acreage build site, black top road frontage.

Part of Section 14, T18N - R13W ONARGA TWP.
+/- 37 acres of PIN #:  24-14-200-002
Estimated 2018 payable 2019 real estate tax:  $297.00

T2:  +/- 63 acres consisting of +/- 63 tillable acres, 125.7 PI.
Productive farm field, excellent yield history.
Open Farm Tenancy.

Part of Section 14, T18N - R13W ONARGA TWP.
+/- 23 acres of PIN #:  24-14-200-002 and +/- 40 acres, PIN#: 24-14-400-001
Estimated 2018 payable 2019 real estate tax:  $1,082.00

Contact Auctioneer Travis Selby
IL Lic.#  441001485
Ag Exchange Farm Real Estate
217-304-1686
travis@agexchange.com
WWW.AGEXCHANGE.COM

Procedure: Property will be offered in 2 individual tracts. The final sale price shall be the bid price per acre times the surveyed acre.  Seller reserves the right to reject any and all bids.

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 cashier’s 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 November 26th, 2019.
Possession: Possession will be given at closing subject to the existing 2019 crop. Seller retains 100% of the 2019 crop.
Title:  Sellers shall provide an Owner’s Policy of Title Insurance in the amount of the purchase price and shall execute warranty 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 assume and pay all 2019 real estate property taxes payable in 2020.
Survey: A new survey shall be provided where there is no existing legal description. Any need for a new survey shall be determined solely by the Seller. If a survey is needed the cost of a new survey will be split equally between the Buyer and Seller.  The type of survey performed shall be at the seller’s option and sufficient for providing title insurance.
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.

Seller:  Karen Guth, William Clark, Jim Chaney