This investment-quality farm represents
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METHOD & TERMS
The Larson farm will be sold on a price per acre basis, based on 127 acres, more or less. There will not be a survey conducted; these acres are based on the existing legal description.
Immediately following the auction, the successful buyer(s) will be required to enter into a written purchase agreement with the seller and pay ten percent of the bid price. The balance of the bid price will be due in approximately 30 days, on or before Thursday, December 7, 2017. Title insurance in the full amount of the purchase price will be provided by the seller. The 2017 real estate taxes due and payable in 2018, will be paid by the seller. The 2018 and subsequent taxes will be paid by the buyer(s). Full possession will be given at the time of closing subject only to the current tenant’s 2017 crop lease. The farm sells free and clear for the 2018 crop year. The new buyer(s) will receive all 2018 CRP income and any future CRP payments.
All announcements sale day shall take precedence over any prior advertising, either written, or oral. The information in this brochure, is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Potential buyer(s) should verify the information to their satisfaction There are no expressed or implied warranties pertaining to the property. This real estate is being sold “as is”.
|Representing Attorney: Brian Peterson, Simpson Peterson Law Office, 246 E. Main St. suite #201, Galesburg, IL 61401. Ph: (309) 343-6152|
127 Acres 'Class A' Land Auction
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