• Property photo 1 - 143+/- Acres Offered in 4 Tracts
  • Property photo 2 - 143+/- Acres Offered in 4 Tracts
  • Property photo 3 - 143+/- Acres Offered in 4 Tracts
  • Property photo 4 - 143+/- Acres Offered in 4 Tracts
  • Property photo 5 - 143+/- Acres Offered in 4 Tracts
  • Property photo 6 - 143+/- Acres Offered in 4 Tracts
  • Property photo 7 - 143+/- Acres Offered in 4 Tracts
  • Property photo 8 - 143+/- Acres Offered in 4 Tracts
  • Property photo 9 - 143+/- Acres Offered in 4 Tracts
143+/- Acres Offered in 4 Tracts

143+/- Acres Offered in 4 Tracts

Champaign & Ford Counties, Illinois

Owner: Mona Erdman heirs Mon, Aug 22, 2011 EASTERN

AUCTION IS OVER

• Productive Farmland • Excellent Soils • Country Home • 10 Miles SE of Gibson City, IL • 18 Miles N of Champaign, IL


OPEN HOUSE/INSPECTION DATES

Open House/Inspection Dates:
Monday, August 1st from 3PM to 6PM. The home will be open on tract 4, come meet an MWA representative for a tour or to get questions answered regarding the auction.

PROPERTY LOCATION

The intersection of CR 3600N and CR 900E. 10 Miles SE of Gibson City, IL. 18 Miles N of Champaign, IL

AUCTION LOCATION

Farm Credit Services of Illinois, 1100 South Farm Credit Drive, Mahomet, IL 61853

PROPERTY DESCRIPTION

Primary Soils: Brenton Silt Loam & Drummer Silty Clay Loam

TRACT DESCRIPTIONS

Tract 1:

Tract 2:

Tract 3:

Tract 4:


AREA MAP

Satellite area map of the auction location near Champaign & Ford Counties, Illinois

TRACT MAP(S)

Tract map - 143+/- Acres Offered in 4 Tracts

AREA MAP(S)

Area map - 143+/- Acres Offered in 4 Tracts

PROCEDURE: The property will be offered in 4 individual tracts, any combination of tracts, or as a whole property. The property will be sold in the manner resulting in the highest total sale price.

DOWN PAYMENT: A 10% down payment 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 personal check, business check, or cashier’s check. The balance of the contract purchase price is due in cash at closing. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.

POSSESSION: Possession will be given at closing, subject to the remaining rights of the current tenants, if any.

2011 CROP INCOME: Seller shall retain all income from the 2011 crop lease. ACCEPTANCE OF BID PRICES: All successful bidders will sign an Agreement to Purchase at the auction site immediately following the close of bidding. All final bid prices are subject to approval or rejection by Seller.

CLOSING: Anticipated closing date is on or before October 21, 2011.

TITLE: Seller shall furnish the buyer(s) at Seller’s expense an Owner’s Policy of Title Insurance in the amount of the purchase price, and agrees to provide and execute a proper deed conveying merchantable title to the real estate to the buyer(s). REAL ESTATE TAXES AND ASSESSMENTS: The 2011 calendar year taxes due and payable in 2012 shall be paid by Seller in the form of a credit at closing. The most recent tax figures available will be used to determine the amount of the credit.

EASEMENTS AND LEASES: Sale of said property is subject to any and all easements of record.

SURVEY: AT THE SELLER’S OPTION, the Seller shall provide a new survey where there is no existing legal description sufficient to convey title. Any need for a new survey shall be determined solely by the Seller unless such surveys are required by State or local law. The cost of the survey shall be paid by the Seller. The type of survey performed shall be at the Seller’s option and sufficient for providing a standard form owner’s title insurance policy and the transfer of merchantable title. MINERAL RIGHTS: Sale shall include 100% of the Mineral Rights owned by the Seller, if any.

AGENCY: Murray Wise Associates LLC and Schrader Real Estate and Auction Company, Inc. 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 agreement to purchase. 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 â€

None at this time