*****SOLD**** $9,200 per acre
AUCTION
Highly Productive 150 Acres M.O.L. Paw Paw, IL.
Wyoming Township – Lee County Saturday
November 19, 2011
November 19, 2011
11:00 A.M. Auction Location: Paw Paw Community Center 362
Chicago Rd., Paw Paw, IL. 61353.
Chicago Rd., Paw Paw, IL. 61353.
Land Location: 150 acres M.O.L. is located west
of Paw Paw ½ mile on Chicago Rd., to Moffit Rd., then south
1 mile to Farmland.
This farm is situated in Wyoming Township Section 16,
T.37N-R.2E.
of Paw Paw ½ mile on Chicago Rd., to Moffit Rd., then south
1 mile to Farmland.
This farm is situated in Wyoming Township Section 16,
T.37N-R.2E.
Soil Types: 51A Muscatine, 68A Sable, 145B2 Saybrook,
154A Flanagan, 171B Catlin, 679A Blackberry, 679B Blackberry.
Tract #1 150 acres M.O.L., 150 tillable acres, with blacktop road
frontage along Moffit Rd.
Taxes: Parcel # 22-18-16-400-001– 110 acres, taxes $2,908.96.
Parcel # 22-18-16-200-002 – 40 acres, taxes $1,115.46.
Terms:
Bidding will be on a per acre basis multiplied by the number of
surveyed acres. A survey will be provided.
The purchase price will relate to the parcel as a whole.
Any successful Buyer will be required to put down10% day
of auction and execute a Contract for the purchase of the real
estate under the terms and conditions specified herein and any sale
will not be subject to Buyer obtaining financing. The earnest money
should be in the form of a personal or cashier’s check.
The balance of the purchase price will be due at closing to be
held on or before December 19, 2011.
Seller will provide Buyer with an Owner’s Title Insurance Policy
in the amount of the purchase price and will provide a Deed
conveying the farmland to Buyer. Real Estate taxes for the
year 2011, payable in 2012,will be paid entirely by
Seller. Subsequent years shall be the sole responsibility
of Buyer. There is no existing farm lease. Seller will
cooperate with Buyer on a1031 exchange within the dates
specified herein. The farmland will be available to Buyer for the
2012 crop year with possession to Buyer at closing being subject
to removal of 2011 crops. Seller reserves the right to accept
or reject any or all bids.
surveyed acres. A survey will be provided.
The purchase price will relate to the parcel as a whole.
Any successful Buyer will be required to put down10% day
of auction and execute a Contract for the purchase of the real
estate under the terms and conditions specified herein and any sale
will not be subject to Buyer obtaining financing. The earnest money
should be in the form of a personal or cashier’s check.
The balance of the purchase price will be due at closing to be
held on or before December 19, 2011.
Seller will provide Buyer with an Owner’s Title Insurance Policy
in the amount of the purchase price and will provide a Deed
conveying the farmland to Buyer. Real Estate taxes for the
year 2011, payable in 2012,will be paid entirely by
Seller. Subsequent years shall be the sole responsibility
of Buyer. There is no existing farm lease. Seller will
cooperate with Buyer on a1031 exchange within the dates
specified herein. The farmland will be available to Buyer for the
2012 crop year with possession to Buyer at closing being subject
to removal of 2011 crops. Seller reserves the right to accept
or reject any or all bids.
Disclaimer and Absence of Warranties: All information contained herein and all related materials are subject to the terms and conditions outlined in the Contract to purchase. Announcements made by the auctioneer at the time of auction and during
the sale will take precedence over any prior printed
material or other oral statements made, except the purchase agreement. The property is being sold on an “as is, where is” basis, and no warranty or representation, either expressed or implied, concerning the property is made by the seller or the auction company. Information contained herein is believed
accurate, but subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by Seller or the auctioneer. Conduct at the auction and increments of
bidding are at the discretion and direction of the auctioneer.
Alice Zeman Trust #101 – Owner
Michael Zeman Trustee 815-627-9026
Attorney for
Seller – Michael Guilfoyle - Guilfoyle Law Firm – 815-539-6711
Mike Espe Lic.
# 440.000424 630-365-9838
Terms:<br>
Bidding will be on a per acre basis multiplied by the number of surveyed acres. A survey will be provided. The purchase price will relate to the parcel as a whole. Any successful Buyer will be required to put down10% day of auction and execute a Contract for the purchase of the real estate under the terms and conditions specified herein and any sale will not be subject to Buyer obtaining financing. The earnest money should be in the form of a personal or cashier’s check. The balance of the purchase price will be due at closing to be held on or before December 19, 2011. Seller will provide Buyer with an Owner’s Title Insurance Policy in the amount of the purchase price and will provide a Deed conveying the farmland to Buyer. Real Estate taxes for the year 2011, payable in 2012, will be paid entirely by Seller. Subsequent years shall be the sole responsibility of Buyer. There is no existing farm lease. Seller will cooperate with Buyer on a1031 exchange within the dates specified herein. The farmland will be available to Buyer for the 2012 crop year with possession to Buyer at closing being subject to removal of 2011 crops. Seller reserves the right to accept or reject any or all bids. <br>
<br>
Disclaimer and Absence of Warranties: All information contained herein and all related materials are subject to the terms and conditions outlined in the Contract to purchase. Announcements made by the auctioneer at the time of auction and during the sale will take precedence over any prior printed material or other oral statements made, except the purchase agreement. The property is being sold on an “as is, where is” basis, and no warranty or representation, either expressed or implied, concerning the property is made by the seller or the auction company. Information contained herein is believed accurate, but subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by Seller or the auctioneer. Conduct at the auction and increments of bidding are at the discretion and direction of the auctioneer.
Bidding will be on a per acre basis multiplied by the number of surveyed acres. A survey will be provided. The purchase price will relate to the parcel as a whole. Any successful Buyer will be required to put down10% day of auction and execute a Contract for the purchase of the real estate under the terms and conditions specified herein and any sale will not be subject to Buyer obtaining financing. The earnest money should be in the form of a personal or cashier’s check. The balance of the purchase price will be due at closing to be held on or before December 19, 2011. Seller will provide Buyer with an Owner’s Title Insurance Policy in the amount of the purchase price and will provide a Deed conveying the farmland to Buyer. Real Estate taxes for the year 2011, payable in 2012, will be paid entirely by Seller. Subsequent years shall be the sole responsibility of Buyer. There is no existing farm lease. Seller will cooperate with Buyer on a1031 exchange within the dates specified herein. The farmland will be available to Buyer for the 2012 crop year with possession to Buyer at closing being subject to removal of 2011 crops. Seller reserves the right to accept or reject any or all bids. <br>
<br>
Disclaimer and Absence of Warranties: All information contained herein and all related materials are subject to the terms and conditions outlined in the Contract to purchase. Announcements made by the auctioneer at the time of auction and during the sale will take precedence over any prior printed material or other oral statements made, except the purchase agreement. The property is being sold on an “as is, where is” basis, and no warranty or representation, either expressed or implied, concerning the property is made by the seller or the auction company. Information contained herein is believed accurate, but subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by Seller or the auctioneer. Conduct at the auction and increments of bidding are at the discretion and direction of the auctioneer.