• Productive Tillable Land • Quality Productive Soils • Excellent Farming Community
77.58 Acres of Productive Tillable Land - Offered in 1 Tract
South of Sheldon, Illinois - Iroquois County
Owner: Ruth M. Conner Estate, Lawrence E. Meyr Executor Mon, Apr 25, 2011 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Walk-Over Inspections Welcome Any Time. Call For Private Viewing.
PROPERTY LOCATION
Southwest of Sheldon, IL and Southeast of Watseka, IL
From Sheldon on US 24, go to the west side (2900 E) then go 2 miles south on CR 2900 E to CR 1600 N. This farm has frontage on CR 2900 E and 1600 N.
AUCTION LOCATION
Sheldon Community Center, downtown Sheldon, IL.
PROPERTY DESCRIPTION
Excellent quality soils in an excellent farming community.
Note: Settlers Trail Wind Farm LLC has a lease on this farm.
Real Estate Taxes 2009 Payable 2010: $1167.88/year
TRACT DESCRIPTIONS
Tract 1: 77.6± ac parcel of land with some excellent quality soils, all tillable land and frontage on CR 2900 E and CR 1600 N.
AREA MAP
SOIL INFORMATION
AREA MAP(S)
PROCEDURE: The property will be offered as a total 77.58-acre unit.
DOWN PAYMENT: 10% down payment on the day of auction. The down payment may be made in the form of cashiers check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.
ACCEPTANCE OF BID PRICE: The successful bidder will be required to enter into a Purchase Agreement at the auction site immediately following the close of the auction. The final bid price is subject to the Sellers acceptance or rejection.
EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.
DEED: Seller shall provide a Warranty Deed.
CLOSING: The balance of the purchase price is due at closing.
POSSESSION: Possession can be immediate with 20% down.
REAL ESTATE TAXES: Buyer will be responsible for the 2011 real estate taxes due in May 2012 and any ditch tax in May 2011 if any.
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. Inspection dates has been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Bidders safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.
SURVEY: No survey will be provided unless needed for good title insurance.
EASEMENTS: Sale of the property is subject to any and all easements of record.
AGENCY: Schrader Real Estate & Auction Company, 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 Purchase Agreement. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final.
ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
None at this time
