Lee County Land Auction - 255.65 Acres M.O.L. ***SOLD***

Terms: The tracts will be surveyed prior to the auction. Bidding will be on a per acre basis and the purchase price for each tract will be determined by multiplying the winning bid times the number of surveyed acres in each tract Thereafter, the purchase price will relate to the parcel as a whole. The 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. The earnest money may be paid in the form of a personal check, certified or cashier’s check. The balance of the purchase price will be due at closing to be held on or before December 31, 2010. Bidding is not conditional upon financing and Buyer should have financing arrangements in place so as to be able to close in a timely fashion. Possession will be given to Buyer on the date of closing. Seller will provide Buyer with an Owner’s Title Insurance Policy in the amount of the purchase price (subject to standard exceptions and all easements, impositions and rights of way of record) and will provide a properly executed Deed conveying the farmland to Buyer. The property falls within the confines of the Lee County Soil Conservation District and is subject to the rules and regulations of that District. Real Estate taxes for the year 2010 will be paid entirely by Seller by way of providing a credit to Buyer at the time of closing, based upon 2009 taxes adjusted for any split of existing parcels. There is no existing farm lease in place for 2011. The farm land will be available for the 2011 crop year. 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.