25 Acre + or - Edgar Land Auction

Schmid Auction & Realty Co.

 

Date(s) 9/28/2020 - 10/27/2020

AUCTION WILL BEGIN TO CLOSE TUESDAY OCT 27TH 5:30PM

Past Auction
Online-Only Auction
Bidding Notice:

Current crop belongs to farm tenant. New owners will have farming rights Feb 1st, 2021. Maps, borders, on brochure, website and markers in the field are estimates and are simply to be used as guidelines. Successful bidders will be required to enter into a purchase agreement at Allied Title Co. 10am on Wed Oct 28th

Auction Notice:

Current crop belongs to farm tenant. New owners will have farming rights Feb 1st, 2021. Maps, borders, on brochure, website and markers in the field are estimates and are simply to be used as guidelines. Successful bidders will be required to enter into a purchase agreement at Allied Title Co. 10am on Wed Oct 28th

Auction Information
Name 25 Acre + or - Edgar Land Auction
Auctioneer
Type Online-Only Auction
Date(s) 9/28/2020 - 10/27/2020
Auction Date/Time Info
AUCTION WILL BEGIN TO CLOSE TUESDAY OCT 27TH 5:30PM
Preview Date/Time CURRENT CROP BELONGS TO FARM TENANT
Checkout Date/Time WED OCT 28TH ALLIED CAPITAL TITLE COMPANY PARIS, IL 10am
Location
Buyer Premium 10% for online bidding
Description
Online Only Land Auction Current Crop belongs to current farm tenant Tuesday, Oct 27th 5:30PM Ross Township, Edgar County, IL Off Rt. 1 north of Chrisman and south of Ridge farm on, IL turn west 2700th Rd 5.3 mile. Go north on 1150th St. a ½ mile. 25 + or - Acres located in Ross Township, Sec 6, Edgar County, IL. FSA tillable acres 24.2. Successful buyer will have farming rights Feb 1st, 2021. FSA Base Acres on corn is 14.83 acres and 9.52 soybeans. A person may bid now. Every time there is a bid at 5:30 or after on Oct 27th the auction will extend for another 3 minutes. The land will be offered by the acre and the bidding will be in $25.00 increments. Each bidder must be approved by the auction company after registering online. The final bid will be multiplied by 25 acres. Edgar County, Illinois (IL045) Map Unit Symbol Map Unit Name Percent of AOI 56B2 Dana silt loam, 2 to 5 percent slopes, eroded 1.8% 148B Proctor silt loam, 2 to 5 percent slopes 28.0% 152A Drummer silty clay loam, 0 to 2 percent slopes 70.2% 198A Elburn silt loam, 0 to 2 percent slopes 0.0% Totals for Area of Interest 100.0% Seller P & N Properties Terms & Conditions: Real Estate is sold "As Is". 10% down sale remainder due at closing approx 30 days. Property will be sold in a manner resulting in the highest sale price subjection to seller confirmation. Current crop belongs to farm tenant. New owners will have farming rights Feb 1st, 2021. Maps, borders, on brochure, website and markers in the field are estimates and are simply to be used as guidelines. Successful bidders will be required to enter into a purchase agreement at Allied Title Co. 10am on Wed Oct 28th. It is the potential bidder's responsibility to conduct his or her own independent inspection inquiries & due diligence concerning the property. Information contained herein is believed to be accurate but is subject to verification by all parties relying on it. Announcements day of sale take precedence over printed material. Schmid Auction is not responsible for accidents.
25 + or - Acres located in Ross Township, Sec 6, Edgar County, IL. FSA tillable acres 24.2. Successful byer will have farming rights Feb 1st, 2021. FSA Base Acres on corn is 14.83 acres and 9.52 soybeans. A person may bid now. Every time there is a bid at 5:30 or after on Oct 27th the auction will extend for another 3 minutes. The land will be offered by the acre and the bidding will be in $25.00 increments. Each bidder must be approved by the auction company after registering online. The final bid will be multiplied by 25 acres. Edgar County, Illinois (IL045) Map Unit Symbol Map Unit Name Percent of AOI 56B2 Dana silt loam, 2 to 5 percent slopes, eroded 1.8% 148B Proctor silt loam, 2 to 5 percent slopes 28.0% 152A Drummer silty clay loam, 0 to 2 percent slopes 70.2% 198A Elburn silt loam, 0 to 2 percent slopes 0.0% Totals for Area of Interest 100.0% Seller P & N Properties Terms & Conditions: Real Estate is sold "As Is". 10% down sale remainder due at closing approx 30 days. Property will be sold in a manner resulting in the highest sale price subjection to seller confirmation. Current crop belongs to farm tenant. New owners will have farming rights Feb 1st, 2021. Maps, borders, on brochure, website and markers in the field are estimates and are simply to be used as guidelines. Successful bidders will be required to enter into a purchase agreement at Allied Title Co. 10am on Wed Oct 28th. It is the potential bidder's responsibility to conduct his or her own independent inspection inquiries & due diligence concerning the property. Information contained herein is believed to be accurate but is subject to verification by all parties relying on it. Announcements day of sale take precedence over printed material. Schmid Auction is not responsible for accidents.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 100.00 25.00 USD
100.01 - 1,000.00 25.00 USD
1,000.01 - 10,000.00 25.00 USD
10,000.01 - 100,000.00 25.00 USD
100,000.01 - 9,999,999.99 25.00 USD
Currency USD
Buyer Premium 10% for online bidding
Payment Terms
Current crop belongs to farm tenant. New owners will have farming rights Feb 1st, 2021. Maps, borders, on brochure, website and markers in the field are estimates and are simply to be used as guidelines. Successful bidders will be required to enter into a purchase agreement at Allied Title Co. 10am on Wed Oct 28th, PROPERTY WILL CLOSE IN APPROXIMATELY 30 DAYS. 10% DOWN PAYMENT WILL BE HELD IN ESCROW AT ALLIED CAPITAL TITLE CO.
LAND AUCTION
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.