TRACT 1

• Offered in 4 tracts, individually and in combination.
• Located South edge of Mount Vernon IL near the new hospital and new schools.
• Includes a 70-foot easement to the tracts.
• Tracts lay level to gently sloping.
• All four tracts have 5-strand, fairly new barbwire fence. Owners had cattle running on it.
• Tracts could be used for home sites, subdivision, commercial, farming or remain as pasture.
• The land type is presently cropland per tax statement.
• Tracts will be surveyed as needed per sellers’ decision.
• Two of the tracts have ponds.
• One of the tracts has 5 acres of mature woods.
• Parcel # Part of 10-12-326-007
• Section 12, T3S-R2E
• Schools: Mt. Vernon High H201 & McClellam Community E12

PROCEDURE:

• Registration: Proper registration is required to bid. All bidders must provide name, address, phone number and email address to register. By registering, all bidders acknowledge having read and agree to be bound by the Auction Terms and Conditions. Auctioneer reserves the right to refuse to register or admit Buyer at his/her sole discretion.
• Note: If you are unable to bid Online or are unsure about the reliability of your internet connection, call the Auctioneer and make alternative bidding arrangements by October 9th.
• Bidding will be on a PER TRACT BASIS – Flat Bidding – Not eBay style.
• Minimum opening bid $25,000 per tract. Bid increments of $500 per tract, or more, per bid. Combination bidding will be available after 6pm on October 10 along with bidding per tract.
• BIDDING OPENS THURSDAY, AUGUST 29, 2024 and will be available until 8:00 PM CST THURSDAY, OCTOBER 10, 2024, subject to bid extensions (Soft Close).

TERMS & CONDITIONS

• NO BUYER'S PREMIUM.
• SALE SUBJECT TO CONFIRMATION OF SELLER(S).
• NO CONTINGENCIES: This Real Estate contract is not contingent on or subject to Buyer’s financing, appraisal, survey or inspections of any kind or any other contingencies as agreed to by bidders at registration prior to bidding.
• ZONING AND EASEMENTS: Property is being sold subject to any and all easements of record. Property is subject to all state and local zoning ordinances.
• REAL ESTATE TAXES: Pro-rated to day of closing.
• SURVEY: No survey provided.
• MINERAL: No mineral rights owned.
• 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 Randolph County Abstract. The balance of the contract purchase price is due at closing. Any stop payment order of a check or giving a check which is returned marked “insufficient funds,” shall be deemed by the parties to be evidence of fraud existing at the time the transaction was consummated and shall be construed by the parties as intent to defraud.
• TITLE: Sellers shall furnish the Buyer(s) at Seller's expense marketable title in the form of Title Commitment, Title Policy and a 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 and Seller.
• CLOSING: Closing shall occur within 45 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 at closing.
• AGENCY: Buy A Farm Land & Auction Co LLC is the Agent and Representative of the Seller.
• 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 made by the Seller(s) or Buy A Farm Land & Auction Co LLC pertaining to this property. Real estate is being sold "As Is, Where Is".
• AUCTIONEER: Wayne Keller, IL Lic #441.002475; 618-407-1679