Farmland Auction - Vermilionr County, Illinois

Legal Description: Beginning at the Northeast corner of the Southwest Quarter of Section Nineteen (19), Township Nineteen (19) North, Range Eleven (11) West of the Second Principal Meridian, thence South along the East line of said Southwest Quarter of said Section Nineteen (19) Twenty-One Hundred (2100) feet to a stone Five Hundred Ninety and Thirty-Seven Hundredths (590.37) feet North of the Southeast corner of said Southwest Quarter of said Section Nineteen (19), thence West Five Hundred Ninety and Thirty-Seven Hundredths (590.37) feet to a stone, thence South Five Hundred Ninety and Thirty-Seven Hundredths (590.37) feet to a stone located in the South line of the Southwest Quarter of said Section Nineteen (19) and Five Hundred Ninety and Thirty-Seven Hundredths (590.37) feet West of the Southeast corner of said Southwest Quarter, thence West along the South line of said Southwest Quarter of Section Nineteen (19) Seventeen Hundred Ninety-Six and Seventy-Hundredths (1796.70) feet to a stone at the Southwest corner of said Section Nineteen (19), thence North along the West line of said Section Nineteen (19) Seventeen Hundred Ninety-Nine and Seven-Tenths (1799.7) feet to the South line of the right of way of the Wabash Railway Company, thence Northeasterly along said South right of way line to the point where the said line intersects with the North line of said Southwest Quarter of said Section Nineteen (19), thence East One Hundred Twenty-Nine and Fourth-Tenths (129.4) feet along the North line of said Southwest Quarter of said Section Nineteen (19), thence Northeasterly along the South right of way line of the Wabash Railway Company to the point where same intersects with the East line of the Northwest Quarter of said Section Nineteen (19), thence South Nine Hundred Twenty-Three and Three-Tenths (923.3) feet to beginning.

Except:

A strip of land One Hundred and Seventy-Five (175) feet in width with an average length of Fifteen Hundred and Thirty (1530) feet, more or less, lying on the Southeasterly side of, and adjoining the Southeasterly right of way line as acquired by the Wabash Railroad Company, predecessors of the Wabash Railway Company from Belle H. Heinly, widow, et al, by a certain Warranty Deed of August 15, 1912, and recorded in Vermilion County Deed Records in Volume 254, Page 59. Said strip of ground is located over and across the Southwest One Quarter (SW 1/4) of Section Nineteen (19) Township Nineteen (19) North, Range Eleven (11) West of the Second (2nd) Principal Meridian.

Except also:

A strip of land Ninety-Two (92) feet in width, with an average length of Thirteen Hundred and Thirty-Five (1335) feet more or less, lying on the Southeasterly side of, adjoining the present Southeasterly right of way line of the Wabash Railway Company, as located over and across the Northwest One Quarter (NW 1/4) of Section Nineteen (19) Township Nineteen (19) North, Range Eleven (11) West of the Second (2nd) Principal Meridian.

Situated in the County of Vermilion in the State of 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. Down payment 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: $2,895.70

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."