TERMS AND CONDITIONS
CONTRACT: Successful bidder will sign
a contract at the conclusion of the sale with a 10% down payment.
The balance will be due on or before December 17th, 2009.
FINANCING: Bidding is not subject to
buyer financing. Financing commitments should be secured prior
to the auction.
TITLE: Title insurance policies in the
amount of the purchase price, subject to standard and usual
exceptions, will be furnished to the Buyer.
POSSESSION: Possession will be given
at closing, subject to the right of the farm tenant to farm
said ground for the 2010 crop year on a year to year cash
rent farm lease. Buyer shall receive the cash rent for 2010.
ACREAGE: Total acreage is based upon
U.S. Department of Agriculture Farm Service Agency Records.
MINERALS: All mineral rights owned by
the Seller will be conveyed.
BIDS: The Sellers reserve the right
to reject any and all bids.
REAL ESTATE TAXES: 2009 real estate
taxes due and payable in 2010 shall be paid by the Seller
to the Buyer at closing. It shall thereafter be the responsibility
of the buyer to pay the 2009 taxes upon receipt of said tax
bill and all subsequent taxes. All tax payments at closing
shall be based on the last tax statement available.
SALES PROCEDURE: This tract will be
offered to the highest bidder as final sale.
LEASE: The property is free of any previous
tenant rights for the 2011 crop year.
ANNOUNCEMENTS: All announcements on
sale date shall have precedence over all printed material.
DISCLAIMER: The information
provided is believed to be accurate and correct. However,
it is subject to verification and no liability for errors
or omissions is assumed. There are no warranties, expressed
or implied, as to the information herein contained, and it
is recommended that all buyers should make an independent
inspection of the property. This tract is being sold in “AS
IS CONDITION WITH NO WARRANTIES.”
YIELDS
REPORTED BY TENANT
Corn 168.57
acres =
Soybeans 71.08 acres =
Wheat 21.61 acres = |
168.70 bu./acre
60.66 bu./acre
78.70 bu./acre |
Corn
Conventional 130.42 acres =
Corn No-till 21.61 acres =
Soybeans 91.24 acres =
Wheat 18.00 acres = |
199.23
bu./acre
151.17 bu./acre
53.53 bu./acre
58.18 bu./acre |
2008
| Corn
119.25 acres =
Soybeans Conventional 80.00 acres =
Soybeans No-till 30.65 acres =
Wheat 31.31 acres = |
217.5
bu./acre
52.30 bu./acre
44.70 bu./acre
83.87 bu./acre |
LEGAL
DESCRIPTION OF 291.2 m/l CONTIGUOUS ACRES
All that part of the northwest
quarter (NW ¼) of the northwest quarter (NW ¼)
of section thirty-two (32), township fourteen (14) north,
range five (5) east of the Third Principal Meridian, lying
north of the right-of-way of State Route No. 121., also except
one-half acre used as cemetery, and beginning at the southeast
corner of the southwest quarter (SW ¼) of the southwest
quarter (SW ¼) of section twenty-nine (29), township
fourteen (14) north, range five (5) east of the Third Principal
Meridian, thence running east seventeen (17) rods, thence
running north twenty-six (26) rods, thence running west thirty-six
(36) rods fifteen (15) feet, thence running south twenty-six
(26) rods, thence running east to the place of beginning;
also the northwest quarter (NW ¼) except a part of
the northeast quarter of the northwest quarter of section
29, township 14 range 5 east of the Third Principal Meridian,
Moultrie County, Illinois, and being more particularly described
as: beginning at the northeast corner of the northwest quarter
of said section 29 said point being an iron pin found, per
monument record recorded in book 1 – page 258 of the
records of the Moultrie County Recorder’s Office; thence
south 00 degrees 27 minutes 43 seconds east (bearings based
on true north per GPS observation) – 374.48 feet to
an iron pin with cap number 3367; thence north 89 degrees
50 minutes 01 seconds west – 581.59 feet to an iron
pin with cap number 3367; thence north 00 degrees 27 minutes
43 seconds west 374.48 feet to a point on the north line of
said section 29, said point being an iron pin with cap number
3367; thence south 89 degrees 50 minutes 01 seconds east –
581.59 feet to the point of beginning and the west half (W
½) of the southwest quarter (SW ¼) of section
twenty-nine (29), except beginning at the southeast corner
of the west half of the southwest quarter, thence running
west 19 rods 15 feet; thence north 26 rods, thence east 19
rods 15 feet, thence south 26 rods to point of beginning.
The southeast quarter (SE ¼) of the southeast quarter
(SE ¼) of section thirty (30), except that part deeded
to the Illinois Central Railroad and that part deeded to the
Department of Public Works for highway use, all in Township
Fourteen (14) North, range five (5) east of the Third Principal
Meridian, Moultrie County, Illinois, excepting therefrom a
tract of land described as follows: a part of the southeast
quarter (SE ¼) of the southeast quarter (SE ¼)
of section 30, Township 14 north, range 5 east of the 3rd
P.M., Moultrie County, Illinois, described as follows: beginning
at the southeast corner of said section 30 (northeast corner
of section 31), measure westerly along the south line of said
section 30 a distance of 407.64 feet to a point 90 feet northerly
of the centerline of SBI Route 132 (FA Route 33) measured
at right angles to said centerline; thence deflect 28º
7’11” to the right northwesterly, along a line
parallel to and 90 feet northerly of said centerline, a distance
of 249.1 feet; thence deflect 21º 53’ 5”
to the right northwesterly to a point 130 feet northerly of
said centerline, a distance of 107.31 feet, thence deflect
129º 59’ 44” to the right easterly along
a line 200 feet north of and parallel to the south line of
section 30, to the east line of section 30, a distance of
705.39 feet; thence deflect 92º 41’ 2” to
the right southerly along the east line of section 30, a distance
of 200.22 feet to the point of beginning; situated in Moultrie
County, Illinois and containing 291.2 acres, more or less.
Sellers:
Jane Ann Buxton
Janet L. Horn
Janiece E. Horn
Marjorie A. Horn Trust
