Farmland Auction - Edgar County, Illinois

Legal Description: The East Half of the East Half of Section 2, Township 16 North, Range 12 West of the Second Principal Meridian, situated in Edgar County, Illinois.

Auction Procedure: Property to be sold in one tract. Property selling as-is, where-is, with no warranty of any nature expressed or implied.

Down Payment: 10% earnest money down day of auction. Downpayment is non-refundable. Auction is not contingent upon potential buyer's financing.

Purchase Agreement: Successful bidder will be required to sign an Offer to Purchase agreement immediately following the close of the auction.

Possession: Following 2010 fall harvest.

Closing: Closing within 30 days following auction date. Balance of purchase price due at closing.

Taxes: $2,767.42

Mineral Rights: Based on current title work, there appears to be no recorded leases on mineral rights. Copies of title work available upon request.

Inspection: Any bidder is responsible for conducting his/her own independent inspections prior to auction at bidder's expense.

Evidence of Title: Seller shall provide an Owner's Title Insurance Policy in the amount of purchase price.

Deed: Seller shall provide Trustee Deed.

Disclaimer: All information, either in writing or oral, is subject to the terms of the purchase agreement. The property is being sold as is, where is, and no warranties, either expressed or implied, concerning the property is made by the sellers or Auctioneer. Potential bidders are responsible for conducting their own independent inspections, investigations, and due diligence exercised concerning the property. All information is deemed to be correct, but no liability for its accuracy is assumed by the sellers or Auctioneer. The seller and Auctioneer reserve the right to preclude any person from the bidding if they have any question concerning person's credentials, merit, etc. Conduct of the auction is at the discretion of the Auctioneer.

Any announcements made immediately preceding the auction take precedence over any previously printed material or any oral statements made concerning this property. All information was gathered from reliable sources but is not guaranteed. Owners reserve the right to refuse any and all offers.

Representation: Butler • Busby • Hicks Land & Auction LLC are exclusive agents for the seller.

Auctioneer: Tim Busby #441.001416

"At Butler • Busby • Hicks Land & Auction LLC
the entire team is working for you."