| Illinois Farm Land Auction
(Note: This is posted due to the many references to the Conservation Reserve Program -- CRP -- wildlife, historic sites, etc. Buyer beware, especially if Buyer should want to farm or build: restrictions appear to be firmly in place!) October 5, 2002 Branch Office - Sparta, Illinois 618-443-1998 Wayne Keller - agent L-16276 Land Auction Marion County, Illinois @ Vernon 372 Acres / 9 Tracts Tillable/Pasture/Recreational Just East of Lake Carlyle on Hwy 51 Saturday October 5th @ 10:00 A.M. Sale Location: Patoka American Legion, 405 N. Washington, Patoka Illinois This property is unique in many ways, offering a wide array of land types and uses. There is pasture land mostly fenced with good fences, level row crop land in a nicely sized and shaped field to accommodate large modern equipment. The CRP fields offer guaranteed income and wildlife habitat for several more years and the timberland has harvest potential as well as harboring area wildlife. In addition, the property is strikingly beautiful and would make for excellent home sites offering country living yet very close to Rt.51 and a mere 10 minute drive to I-70 to the North and I-57 to the East. Located near the Carlyle Lake Wildlife management area this property is suited for many outdoor uses such as hunting, fishing, horse riding and many other recreational uses! History; the property is rich with history of the early days. The old stage coach road crosses the property and in places is still visible. Most likely Abraham Lincoln and other history-making individuals traveled this route! Enjoy viewing the property and if we can answer any questions please do not hesitate to give Wayne or Todd a call. a.. Property Location: The property is located in Marion County Illinois and joins the Fayette County line. From Vandalia go 11 miles south on Illinois Rt. 51 to the 600N Fayette Road, or just as soon as you see the Marion County line sign turn west onto 600N. Travel about 350 feet and the property starts on your left. Continue west on 600N and you will pass tracts 1, 2, 3, 4 & 5. At the first crossroads turn left and you will be on Kline Road. Tracts 5, 6 and 7 will be on your left. Continue down 850e until you must turn left, go until the road "T's", at which point you will be at theSW corner of tract 9. Turn left and follow the road to the ends and the easement to tract 8 begins. This easement goes through the gate onto tract 8. b.. Sale Location: Patoka American Legion, 405 N. Washington St., Patoka Illinois c.. Sale Time: 10:00 AM, Saturday October 5th, 2002. d.. Showings: Friday September 13 from Noon until 7PM and Saturday September 14 from 8AM until Noon. Showing headquarters will be just off Rt.24 on Tract # 8. e.. Legal: Part of Section 4, T. 4 N. - R. 1 E. Marion County Illinois, title policy will be available for review. f.. Taxes: $1,231.00 or $3.30 per acre for the year 2000 payable in 2001. The 2002 property taxes will be paid by the seller, 2003 and beyond will be the responsibility of the new owner(s). g.. Farm income: Row crop, $70 per acre cash rent. Pasture $20 per acre cash rent. h.. CRP income: 100% to the new owner for the year 2003 and beyond. Tracts: a.. # 1 40 acres, 10.8 acres in CRP (grass) at $80 per acre until 2006. Balance is pasture land with a 52' x 65' barn and 2 ponds. Much of the pasture is wooded with frontage along 600N and just a stones throw from Rt. 51. Very nice pasture tract, most of which is fenced and has a corral. All set up for cattle or horses. b.. # 2 44 acres, 32 acres in CRP (grass) at $80 per acre until 2006. A small amount of nice hardwood trees and excellent road frontage on 600N for 1000 feet. This tract would make a nice bird dog training area or put and take game bird operation. c.. # 3 23 acres, 12.9 in CRP (grass) at $80 per acre until 2006. Mature timber with food plots established. This parcel is excellent hunting ans also has good features for working the bird dog. d.. # 4 23 acres, pastureland with some mature Oak and Hickory wooded areas. Very nice pond and home site on this parcel! Borders 600N for 1/8 of a mile. e.. # 5 23 acres, with a nice pond bordering Fayette and Kline Roads. Great place to build a home, horse barn or just a place to pasture the kids horses, or a few head of cattle. f.. # 6 30 acres, with 1.29 in CRP (grass) at $80 per acre until 2006. This Parcel has some timbered areas and borders on Kline Road for nearly 1000 Feet. g.. # 7 30 acres, mostly pasture land with a considerable amount of wooded areas. Wetland possibilities and excellent hunting possibilities. This parcel borders Kline Road for nearly 1000 feet. Flat Creek runs east and west through the property adding senic beauty to this parcel! h.. # 8 77 acres, all pasture with approximately 50% of which is wooded with mature hardwood timber. Excellent potential for recreational use, and has several good pond site locations. Flat Creek runs east and west thru this parcel, with wooded bluffs along the south side of the creek. i.. # 9 82 acres, 95% level tillable land with road frontage along Willett Road for approximately 15000 feet. Soil types are predominately Cisne-Huey and Bluford. Nice addition to any size farming operation, the waterway has been well maintained and this farm is ready to go for the spring of 2003! Nice farm tract. Auction Terms: a.. Sale Method: Auction offering the property in individual tracts, any combination of tracts, or in its entirety. Sale and parcel configuration is subject to owners approval. b.. Survey: A registered survey, completed by a Registered Illinois Land Surveyor to be selected by the seller will be conducted following the conclusion of the auction. Advertised acreages will be adjusted to actual surveyed acreage and the sale price will then be adjusted accordingly. c.. Financing: Your bidding is not conditional on financing, make arrangements for financing prior to the auction. d.. Earnest Money: Earnest money equal to 10% of the accepted bid price is required immediately following the close of bidding. e.. Contract between buyer and seller: Immediately following the conclusion of the auction the high bidder(s) will enter into a real estate sales contract and deposit with the Auctioneer the required 10% earnest money payment. The earnest money may be in the form of Cash, Personal check, business check, or certified check. The seller will provide an Owners Title Insurance Policy for the purchase amount. f.. Possession/Closing: Possession will be at closing, which will be on or before January 15, 2003 but not prior to January 2nd 2003 . However the successful bidder can enter onto the property for recreational uses prior to closing. g.. Mineral rights; 25.5% of 100% of the mineral interest will transfer to the new owner(s), except the coal interest. h.. Government Payment: All (100%) of the Government payments for the property will transfer to the new owner for year 2003 and beyond. Property taxes; The 2002 property taxes will be paid by the seller, 2003 and beyond will be the responsibility of the new owner(s). i.. Agency: Farmers National Company and Coldwell Banker Heart of America, its agents and representatives are agents of the seller. j.. Tract Acreages: All tract acreages, tillable acreage estimates, map borders advertised or displayed are approximate and have been estimated based on outside information. These figures, estimates and maps are in no way guaranteed. k.. Conditions and Easements: This sale is subject to all easements, covenants, leases, and restrictions of record. This will include any and all easements and covenants including those created for this sale. l.. Disclaimer and Absence of Warranties: All information contained in this brochure and all related materials are subjects to the terms and conditions outlined in the agreement to purchase. Announcements made by the auctioneer at the time of the sale will take precedence over any previously printed materials or any others oral statements made. The property is being sold on a "As is, where is" basis, and no warranty or representation, either expressed or implied concerning the property is being made by the seller or the auction company. Furthermore, each potential bidder agrees to hold harmless and indemnify the seller and Auction Company from any and all liability associated with such inspections, investigations, and inquiries including but not limited to, personal injury while on the property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. The seller or the Auction Company assumes no liability for its accuracy, errors, or omissions. All sketches and dimensions in this in brochure are approximate. All acreage is approximate and has been estimated based on Arial photographs. Procedures of the auction and increments of bidding are at the direction and discretion of the auctioneer. The seller and the auction company reserve the right to preclude any person from bidding if there is any questions as to the persons credentials or fitness. All decisions of the auctioneer are final. Sellers: James and Karen Anderson Wayne Keller , agent Home: 618- 965-9773 Cell: 618- 407-1679 Office: 800- 443-1464 For information on any of the above property or discuss an auction or marketing plan for your property contact FNC today. Farmers National Company - Branch Office - 615 South St.Louis Street - P.O. Box 128 - Sparta, Illinois 62286 |