Lot # : 1 - 30.8 Acres Iuka IL Home / Farmstead / Cropland

Auction Terms & Conditions NO BUYER'S PREMIUM. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING. SALE IS SUBJECT TO THE CONFIRMATION OF THE SELLERS. Bidding Per Tract - Not Per Acre - In $500 Bid Increments NOTE: Your bidding is not contingent upon financing or inspections. Buyer’s due diligence - Any and all inspections buyers require must be performed before bidding. Any and all required appraisals, loan approval and other essential due diligences must be performed before bidding. Home buyers are accustomed to performing home inspection after contract is signed; we want to make it clear this is not the case for this sale. PROCEDURE: Property is offered in 1 tract. SHORT LEGAL: Part of NE ¼, Section 18, Township 2 North – Range 4 East, Marion County IL. REAL ESTATE TAXES AND TAX ID: Taxes: $1738.60. Taxes pro-rated to closing date. Parcel ID #'s 13-18-200-001, 13-18-218-001. SURVEY: No survey. MINERAL: Any mineral owned will transfer. 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 60 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: Possession will be given at closing subject to farm tenant rental agreement for 2022 crop production. (2/3 – 1/3 Lease with fertilizer and chemical split the same). 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 pertaining to this property. Real estate is being sold "As Is, Where Is". Any bid placed inside 5 minutes will extend the auction bidding another 5 minutes. This will continue until there are no more bids. AUCTIONEER: Wayne Keller, IL Lic #441.002475 --------------------------------------------- ------------------------------------------ Terms Of Use

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