High Quality Cropland
Auction Info
Real Estate Sold for: $2,592,000
Auction Features
320 Acres
SELLING IN 2 TRACTS
AUCTION
317 Tillable
GALLATIN CO & WHITE CO ILLINOIS
Prime Grain Producing Farmland – Nearly All Tillable – Mineral Rights Included
- Good Productive Row Crop Soils
- High percentage tillable acres
- Tracts Range from 40 ac to 280 ac
- Mineral Rights Included
Directions: From the Intersection of HWY 1 and HWY 141 just north of Omaha, head east on HWY 141 approximately 6.1 mi to Tract 2 on the north side of HWY 141 and 6.4 miles to Tract 1 on the south side of HWY 141. Watch for our signs!
Tract 1: 280 acres +/- acres with approximately 277 acres of productive tillable farm ground. It has 2,650’ of frontage along HWY 141. The predominate soil types are Patton Silty Clay Loam and Reesville Silt Loam.
Tract 2: 40 acres +/- with approximately 39 acres of tillable ground. This tract has 1,300’ of frontage on HWY 141 and 1,300’ of frontage on CR 950 E. The predominate soil types are Muren and Alford Silt Loams.
Terms and Conditions:
Terms: The purchaser shall pay 10% of the purchase price as a down payment at the auction site at the conclusion of bidding. The balance is due with delivery of general warranty deed on or before September 1, 2017.
Mineral Rights: All mineral rights owned by the seller, if any, are included with the sale of the surface rights.
Evidence of Title: The Seller agrees to furnish Bidders a preliminary title insurance commitment to review prior to the Auction. The Seller will furnish an owner’s title insurance policy. Seller agrees to provide merchantable title to the property subject to matters of record, general conditions of title and similar related matters. The Seller shall be responsible for paying all premiums associated with title insurance, if title insurance is desired. All tracts are sold “AS IS”.
Real Estate Taxes: Property taxes will be paid by the Seller for 2016 payable in 2017 and 2017 taxes payable in 2018 via credit to the buyer at closing.
Closing: Closing shall occur on or before September 1, 2017. The seller will be responsible for deed preparation and the title insurance policy. Closing costs will be split 50/50 between the buyer and the seller. However any costs associated with buyer financing are the sole responsibility of the buyer.
Possession: Farming Rights shall be granted to buyer on November 15, 2017.
Acreage: Acreages and boundaries are approximate and have been based off of legal descriptions, aerial maps and other documents.
Property Inspection: Each Potential Bidder is responsible for conducting at their own risk, their own independent inspections, investigations, inquiries, and due diligence concerning the Property. Bidder shall be liable for any property damage to growing crops and/or the subject property caused by Bidders inspection and investigation if any.
Agency: Kurtz Auction and Realty Co. and their representatives are the Auctioneers and exclusive agents for the Seller regarding the sale of the Property.
Disclaimer: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. 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 SOLD “AS IS, WHERE IS”. No warranty of representation, either express or implied, or arising by the operation of law concerning the Property is made by the Seller and the Auctioneers, and are hereby expressly disclaimed. In no event shall the Seller or Auctioneer/Broker be liable for any consequential damages. The information contained herein is believed to be accurate but subject to verification by all parties relying on it. Seller and Auctioneers assume no liability for its accuracy, errors and omissions. All boundary lines and dimensions are approximate. Seller and Auctioneer reserve the right to preclude any person from the bidding if there is any question, in the sole judgment of the Seller and Auctioneers, as to such person’s creditworthiness, ability or willingness to close on the purchase of the property, credentials, fitness, etc. All decisions of the Auctioneer are final.
There is NO BUYERS PREMIUM.
Seller: Robert A. and Vera Boyd Trust
Auction Site: Indian Creek Township Office, 113 S. Division, Norris City, IL
For more information contact Jason Blue or John Kurtz, Auctioneers at 812-452-3191.
Map
Contact
Jason Blue