834 Lincoln Trail Rd, Homer, IL 61849 - Vermilion County

FARMLAND AUCTION

+/- 67.95 Acres, Class A Soils

Vance Twp Vermilion County, IL.

Auction Time & Date:

Thursday, 6:00 PM, February 20th

Auction Location:

Vermilion County Farm Bureau Office

1905-C U.S. Route 150

Danville, IL 61832

Highly productive tillable land.

Excellent Yield History.

Open Farm Tenancy for 2025 crop year.

Site Address: 834 Lincoln Trail Rd. Homer IL 61849

T1: +/- 67.95 Acres; +/- 65.61 tillable acres, 142.7 PI.

Open Farm Tenancy for the 2025 crop year.

Part of section 27, R19N-T14W, Vance Twp, Vermilion County, IL.

Assessor PIN# 20-27-200-002. 2023 payable 2024 real estate tax: $4,064.84= $59.82 per acre tax.

T1 Yield History:

2015: Soybeans 62.0

2016: Corn 218.5

2017: Soybeans 62.2

2018: Corn 239.6

2019: Soybeans 49.0

2020: Corn 220.5

2021: Soybeans 80.6

2022: Corn 222.7

2023: Soybeans 61.7

2024: Corn 249.1

Soybean Average = 63.1 Bushel

Corn Average = 230.08 Bushel

Land Broker and Auctioneer, Travis Selby

IL AUCTION Lic.# 441001485

217-304-1686

Auction terms and conditions:

Procedure: The property will be offered as 1 tract.

The auction will be conducted publicly with online bidding available for pre-registered, online bidders. Bidding shall remain open until the auctioneer announces bidding closed.

Sale is Subject to Owners Confirmation

BIDDING IS NOT CONDITIONAL UPON FINANCING.

Acceptance of Bid Prices/Contracts: All successful bidders will sign a sale contract at the auction site immediately following the close of the bidding.

Down Payment: A 10% earnest money deposit of the total contract purchase price will be due immediately after being declared the buyer. The down payment may be paid in the form of a personal check, business check, or cashiers check. The balance of the contract purchase price is due at closing.

Closing: Closing shall take place 33 days after the day of the auction, or as soon thereafter as applicable closing documents are completed.

The anticipated closing date shall be on or before Tuesday March 25th, 2025.

Possession: Possession will be given at closing.

Survey: Seller shall not provide a survey, and the sale shall not be subject to a survey. Tract acreage is approximate and has been determined by deeds, legal description, and aerial photographs.

Title: Sellers shall provide an Owners Policy of Title Insurance in the amount of the purchase price and shall execute a warranty deed conveying to the buyer(s). Seller shall pay the premium for the Title Insurance Policy and the sellers search charges. Commitments for Title Insurance will be available for review at the office of the auctioneer and at the auction site. Bidders shall be deemed to have reviewed and approved the Title Commitments by submitting bids.

Real Estate Taxes and Assessments: Buyer shall receive a tax credit from seller at closing for the 2024 real estate tax due and payable in 2025 in the amount of:

T1: $4,064.84; T2: $165.44; T3: $963.32; T4: $491.72.

The buyer shall be responsible for paying 100% of the 2024 real estate tax when due.

Mineral Rights: The sale of the property shall include all mineral rights owned by the seller.

Agency: Ag Exchange Inc. and their representatives are exclusive agents of the Seller.

Disclaimer and Absence of Warranties: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the sales contract.

ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

The property is being sold on an as is basis, and no warranty or representation either expressed or implied, concerning the condition of the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries and due diligence concerning this property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the sellers or the auction company. All sketches and dimensions in this brochure are approximate. Photographs are used for illustrative purposes only. Conduct at the auction and increments of the bidding are at the discretion of the auctioneer. The sellers and the auction company reserve the right to preclude any person from bidding and to remove any person from the auction if there is any question as to the persons credentials, fitness, conduct, etc. All decisions of the auctioneer are final.

Sellers: Ann Richards and Randall Sollars