F arm Land A uction - John Leezer
FOR SALE BY PUBLIC AUCTION
November 18, 2015 at 9:00 a.m. Auction to be held at the American Legion Post 445, Rt 93, Bradford, IL (1 1/2 miles west of Bradford on RT 93) Brief Legal:
NE 1/4 Section 34, 14N 8E, Milo Township, Bureau County, IL
Location of land:
4.5 miles east and 1 mile south of Bradford, IL on 1525E Total Farm
North Tract
South Tract
Total Acres
119.51
59.41
60.10
FSA Tillable*
111.88
55.52
56.36
PI**
137.4
137
137.9
Corn Yield**
185.9
185.2
186.6
Soils: Osco, Muscatune, Sable, Sawmill, Parkway
* FSA Tillable is estimated. **U OF I B811 USDA Program:
ARC—County
Real Estate Taxes:
Tax ID # 25-34-200-001 2014 Taxes $3,057.12
Improvements:
None
Survey:
Seller to provide survey.
Terms:
See attached terms of sale.
Lease:
None in effect for 2016.
Order of Sale:
Land will be offered by the Buyer’s Choice and Privilege Method with Choice to the high bidder to take one or all/both of the tracts. Should the high bidder not select all/both tracts, the contending bidder will have the privilege to select the remaining tract (s) at the high bid. Any tract (s) remaining will be offered with another round of bidding. If the second tract does not meet the reserve, SELLER may withdraw all tracts from sale. Sellers reserve the right to reject any and all tracts.
Owner: Marian Purtscher, Joseph Purtscher, John Purtscher Broker for Seller John A Leezer Maloof Farm & Land 127 W Main, Toulon, IL 61483 (309) 286-2221 [email protected] www.johnleezer.com
Attorney for Seller
Daniel Cordis 309.385.4616 [email protected]
Farm Land Auction
119.51 Acres To be Sold in 2 Tracts Bureau County, IL
Disclaimer: The information provided is taken from sources believed to be accurate and reliable. However, no liability is assumed for errors or omissions. There are no warranties, expressed or implied. Buyers are advised to conduct their own inspection. The attorney and broker conducting the sale are exclusively representing the seller. V-10/30/15
119.51
FARM OVERVIEW
NORTH TRACT
SOUTH TRACT
Tillable is estimated.
John Leezer Farmland Sales TERMS OF SALE FOR: Marian Purtscher, Joseph Purtscher, John Purtscher 117.88 Acres in the NE 1/4 Section 34, 14N 8E, Milo Township, Bureau County, IL AS IS
Property is being sold in AS-IS Condition with no warranties expressed or implied. Buyer is advised to make a thorough inspection.
DEPOSIT
Buyer is required to pay an earnest money deposit of $ 75,000 per tract on day of sale. This deposit is NON REFUNDABLE and will be applied to the purchase price at closing.
CLOSING
Within 30 days of auction day.
POSSESSION
At Closing.
LEASE
No Lease in effect for 2016.
CONTINGENCY
There are no contingencies including those for inspections or financing.
CONTRACT
Successful bidder will be required to enter into a written real estate purchase agreement. The proposed agreement is available for buyers to review prior to the start of the auction.
AGENT
Agents/Brokers/Auctioneers/Maloof Farm & Land are acting as agent for the seller only and there is no agency relationship with the buyer.
ANNOUNCEMENTS All announcements made on day of sale supersedes all other prior written or verbal announcements.
RESERVE
Seller reserves the right to reject all bids. This is not an absolute auction.
EVIDENCE OF TITLE
Seller will provide merchantable title in the form of a title insurance commitment and a warranty deed (or equivalent).
REAL ESTATE TAXES
SELLER to pay 2015 Real Estate taxes payable in 2016 by giving the BUYER a credit at closing.
SURVEY
To be provided by Seller.
ORDER OF SALE
Land will be offered by the Buyer’s Choice and Privilege Method with Choice to the high bidder to take one or both of tracts. Should the high bidder not select both tracts, the contending bidder will have the privilege to select the remaining tract at the high bid. If the remaining tract is not accepted by second highest bidder, the remaining tract will be offered with another round of bidding. Sellers reserve the right to reject any and all bids. If second tract does not meet the reserve, Seller may withdraw both tracts from the sale.
MINERAL RIGHTS
All mineral rights owned by SELLER, if any, will be transferred to BUYER.
BUYER’S PREMIUM
No buyers’ premium on this sale.
Disclaimer: All information contained herein is taken from sources believed to be accurate. However, BROKER and SELLER make no warranties as to the accuracy. BUYERS are advised to make a thorough inspection.
November 18, 2015 at 9:00 a.m. Auction to be held at the American Legion Post 445, Rt 93, Bradford, IL (1 1/2 miles west of Bradford on RT 93) Brief Legal:
NE 1/4 Section 34, 14N 8E, Milo Township, Bureau County, IL
Location of land:
4.5 miles east and 1 mile south of Bradford, IL on 1525E Total Farm
North Tract
South Tract
Total Acres
119.51
59.41
60.10
FSA Tillable*
111.88
55.52
56.36
PI**
137.4
137
137.9
Corn Yield**
185.9
185.2
186.6
Soils: Osco, Muscatune, Sable, Sawmill, Parkway
* FSA Tillable is estimated. **U OF I B811 USDA Program:
ARC—County
Real Estate Taxes:
Tax ID # 25-34-200-001 2014 Taxes $3,057.12
Improvements:
None
Survey:
Seller to provide survey.
Terms:
See attached terms of sale.
Lease:
None in effect for 2016.
Order of Sale:
Land will be offered by the Buyer’s Choice and Privilege Method with Choice to the high bidder to take one or all/both of the tracts. Should the high bidder not select all/both tracts, the contending bidder will have the privilege to select the remaining tract (s) at the high bid. Any tract (s) remaining will be offered with another round of bidding. If the second tract does not meet the reserve, SELLER may withdraw all tracts from sale. Sellers reserve the right to reject any and all tracts.
Owner: Marian Purtscher, Joseph Purtscher, John Purtscher Broker for Seller John A Leezer Maloof Farm & Land 127 W Main, Toulon, IL 61483 (309) 286-2221 [email protected] www.johnleezer.com
Attorney for Seller
Daniel Cordis 309.385.4616 [email protected]
Farm Land Auction
119.51 Acres To be Sold in 2 Tracts Bureau County, IL
Disclaimer: The information provided is taken from sources believed to be accurate and reliable. However, no liability is assumed for errors or omissions. There are no warranties, expressed or implied. Buyers are advised to conduct their own inspection. The attorney and broker conducting the sale are exclusively representing the seller. V-10/30/15
119.51
FARM OVERVIEW
NORTH TRACT
SOUTH TRACT
Tillable is estimated.
John Leezer Farmland Sales TERMS OF SALE FOR: Marian Purtscher, Joseph Purtscher, John Purtscher 117.88 Acres in the NE 1/4 Section 34, 14N 8E, Milo Township, Bureau County, IL AS IS
Property is being sold in AS-IS Condition with no warranties expressed or implied. Buyer is advised to make a thorough inspection.
DEPOSIT
Buyer is required to pay an earnest money deposit of $ 75,000 per tract on day of sale. This deposit is NON REFUNDABLE and will be applied to the purchase price at closing.
CLOSING
Within 30 days of auction day.
POSSESSION
At Closing.
LEASE
No Lease in effect for 2016.
CONTINGENCY
There are no contingencies including those for inspections or financing.
CONTRACT
Successful bidder will be required to enter into a written real estate purchase agreement. The proposed agreement is available for buyers to review prior to the start of the auction.
AGENT
Agents/Brokers/Auctioneers/Maloof Farm & Land are acting as agent for the seller only and there is no agency relationship with the buyer.
ANNOUNCEMENTS All announcements made on day of sale supersedes all other prior written or verbal announcements.
RESERVE
Seller reserves the right to reject all bids. This is not an absolute auction.
EVIDENCE OF TITLE
Seller will provide merchantable title in the form of a title insurance commitment and a warranty deed (or equivalent).
REAL ESTATE TAXES
SELLER to pay 2015 Real Estate taxes payable in 2016 by giving the BUYER a credit at closing.
SURVEY
To be provided by Seller.
ORDER OF SALE
Land will be offered by the Buyer’s Choice and Privilege Method with Choice to the high bidder to take one or both of tracts. Should the high bidder not select both tracts, the contending bidder will have the privilege to select the remaining tract at the high bid. If the remaining tract is not accepted by second highest bidder, the remaining tract will be offered with another round of bidding. Sellers reserve the right to reject any and all bids. If second tract does not meet the reserve, Seller may withdraw both tracts from the sale.
MINERAL RIGHTS
All mineral rights owned by SELLER, if any, will be transferred to BUYER.
BUYER’S PREMIUM
No buyers’ premium on this sale.
Disclaimer: All information contained herein is taken from sources believed to be accurate. However, BROKER and SELLER make no warranties as to the accuracy. BUYERS are advised to make a thorough inspection.
