Co Rd 1850N, Mount Erie, IL 62446 - Wayne County

ONLINE AUCTION: Wayne County IL 20+- Acres - 1 Tract

Bidding Closes Thursday, April 7, 2022 at 8:00 p.m. CST

Property Inspection: By Appointment Only

Property Address: Co Rd 1850N, West of Mt. Erie IL

DESCRIPTION

20 acres 1.2 miles West of Mt. Erie IL.

16.36 tillable acres with a PI of 100.4.

Property lays nice, very gentle roll.

Great addition to the farm or investment opportunity.

Possession subject to the 2022 cash lease.

Taxes: $243.32 (2020 paid 2021)

Parcel #06-13-013-009-10 (20 acres)

Directions: 1.2 miles West of Mt. Erie on County Road 2, North on CR 2400E mile, West on CR 1850N 800+- feet on left. Watch for signs.

Short Legal: W , SE , NE , Section 13, Township 1 North Range 8 East, Wayne County IL.

TERMS

NO BUYER'S PREMIUM.

SALE IS SUBJECT TO THE CONFIRMATION OF THE SELLERS.

NO CONTINGENCIES: This Real Estate contract is not contingent on or subject to Buyers financing, appraisal, survey or inspections of any kind or any other contingencies as agreed to by bidders at registration prior to bidding. Have your financing verified before you bid.

PROCEDURE: Bidding per tract (not per acre) - $1,000 bid increments.

ZONING AND EASEMENTS: Property is being sold subject to any and all easements of record. Property is subject to all state and local zoning ordinances.

REAL ESTATE TAXES: Pro-rated to day of closing.

SURVEY: No survey provided.

MINERAL: Any mineral owned will transfer, if any.

CONTRACT AND DOWN PAYMENT: Contract for purchase to be signed within 24 hours of close of auction. A 10% down payment of the total contract purchase price will be due immediately after being declared the winning bidder. The down payment may be paid in the form of personal check, wire transfer, business check or cashier's check and received within 3 business days. Earnest check to be made to Buy A Farm Land & Auction Co. Trust Account. The balance of the contract purchase price is due at closing.

TITLE: Sellers shall furnish the Buyer(s) at Seller's expense marketable title in the form of Title Commitment, Title Insurance, a proper deed conveying merchantable title to the real estate to the buyer(s) and tax transfer stamps. Buyer will pay the deed recording and fees associated with mortgage/financing. Title companies closing fee will be split equally by Buyer & Seller.

CLOSING: Closing shall occur within 30 days or as soon thereafter as applicable closing documents are completed. Seller shall pay for recording release from any mortgage. Buyer shall pay for recording the deed of conveyance from Seller and any mortgage title insurance charges. Any closing costs not herein provided for shall be borne by Buyer. Seller shall cause the Closing Statement to be delivered to Buyer at or before the closing.

POSSESSION: Sale subject to the current 2022 cash lease.

AGENCY: Buy A Farm Land & Auction Co LLC. is the Agent and Representative of the Seller.

The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed the owners or Buy A Farm Land & Auction Co. LLC. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the Seller(s) or Buy A Farm Land & Auction Co LLC pertaining to this property. Real estate is being sold "As Is, Where Is".

AUCTIONEER: Wayne Keller, IL Auctioneer Lic #441.002475 - IL Managing Broker Lic #471.002958.