ONLINE LAND AUCTION: Wayne Co 264 Ac Tillable

ONLINE LAND AUCTION: Wayne County IL 254+- Acres / 3 Tracts / Mostly Tillable Land with Some Wooded Areas Bidding Opens MONDAY, JUNE 9, 2025 Bidding Closes THURSDAY, JULY 17, 2025 at 8PM CST Property Inspection: Saturday, June 28, 10 a.m. to 2 p.m. Property Address: South of Johnsonville IL, Berry and Indian Prairie Townships DESCRIPTION Land Auction: 254+/- acres offered in 3 tracts with most of the land being tillable. All 3 tracts are in Wayne County, Illinois within Berry and Indian Prairie Townships, south of Johnsonville Illinois. Taxes: $4,117.96 Parcel #04-02-002-003, 04-02-002-007, 04-02-002-005, 11-27-040-007, 11-35-050-010 Section 2, T1S-R6E (T1) Section 27, T1N-R6E (T2) Section 35, T1N-R6E (T3) Directions to the property: From Interstate 64 exit route 242 North, go 6 miles through Wayne City, and continue another 4 miles to County Rd 900 E. Turn left and go 7 miles and turn sharp right onto County Road 1500 N. Go 1.5 miles. Tract 1 is on the right. From Tract 1 to Tract 2: From County Rd 1500 N. Take County Rd 1025 then left onto County Rd 1600 N. Tract 2 will be on right. From Tract 1 to Tract 3: Go east on County Rd 1500 N. Go mile, then left onto County Rd 1075 E. Tract 3 will be mile on the right side. TRACT 1 - 134+- ACRES Consisting of 134+/- acres with 80% tillable (112+/- acres). Productivity Index (PI) is 98.9. 3 timber areas and a tree-lined drainage ditch that divides the cropland. 2 accesses to this tract with County Rd 1500 N bordering the north and 1060 E running along the east border (located at the crossroads of 1500 N and 1060 E). There is a driveway from 1500 N leading into a small field and a wooded area with higher elevation suitable for a building site. Timber areas offer deer and turkey hunting. Minimum opening bid for Tract 1 $429,000 TRACT 2 - 78+- ACRES Consisting of 78+/- acres with 81% tillable (64+/- acres). Productivity Index (PI) is 95.3. There is one area of timber that borders County Rd 1600 N. A narrow access road runs the length of the field for access to an oil and gas lease and a pipeline right-a-way. No oil storage tanks are on the property. There are 2 accesses to this tract, County Rd 1650 N and County Rd 1600 N. No mineral rights available with this tract. Tract 2 is approximately one mile north of Tract 1. Minimum opening bid for Tract 2 $249,000 TRACT 3 - 43+- ACRES Consisting of 43+/- acres with 84% tillable land (36+/- acres) and remainder in timber. Productivity Index (PI) is 89.5. Access is along County Rd 1075 East, near County Rd 1500 N. Tract 3 is located 1/3 mile NE of Tract 1. Minimum opening bid for Tract 3 $138,000 PROCEDURE Registration: Proper registration is required to bid. All bidders must provide name, address, phone number and email address to register. By registering, all bidders acknowledge having read and agree to be bound by the Auction Terms and Conditions. Auctioneer reserves the right to refuse to register or admit Buyer at his/her sole discretion. Note: If you are unable to bid Online or are unsure about the reliability of your internet connection, call the Auctioneer and make alternative bidding arrangements at least 24 hours before close of auction. Bidding will be on a PER TRACT BASIS (e-bay style/max bid) with a minimum opening bid per tract as follows: Tract 1 (134+- Acres) - $429,000 Tract 2 (78+/- Acres) - $249,000 Tract 3 (43+/- Acres) - $138,000 Minimum bid increments of $1,000 per bid. Bidding opens MONDAY, JUNE 9, 2025 and will be available until 8:00 PM CST THURSDAY, JULY 19, 2025 subject to bid extensions (Soft Close). TERMS & CONDITIONS NO BUYER'S PREMIUM. SALE SUBJECT TO CONFIRMATION OF SELLER(S). NO CONTINGENCIES: This Real Estate contract is not contingent on or subject to Buyers financing, appraisal, survey or inspections of any kind or any other contingencies as agreed to by bidders at registration prior to bidding. ZONING AND EASEMENTS: Property is being sold subject to any and all easements of record. Property is subject to all state and local zoning ordinances. REAL ESTATE TAXES: Pro-rated to day of closing. SURVEY: No survey. MINERAL: Tracts 1 and 3, all owned with transfer, if any. NOTE: Tract 2, no mineral rights available. CONTRACT AND DOWN PAYMENT: Contract for purchase to be signed within 24 hours of close of auction. A 10% down payment of the total contract purchase price will be due immediately after being declared the winning bidder. The down payment may be paid in the form of personal check, wire transfer, business check or cashier's check and received within 3 business days. Earnest check to be made to Buy A Farm Land & Auction Co Trust Account. The balance of the contract purchase price is due at closing. Any stop payment order of a check or giving a check which is returned marked insufficient funds, shall be deemed by the parties to be evidence of fraud existing at the time the transaction was consummated and shall be construed by the parties as intent to defraud. TITLE: Sellers shall furnish the Buyer(s) at Seller's expense marketable title in the form of Title Commitment, a proper deed conveying merchantable title to the real estate to the Buyer(s) and tax transfer stamps. Buyer will pay the deed recording, Title Policy and fees associated with mortgage/financing. Title company's closing fee will be split equally by Buyer and Seller. CLOSING: Closing shall occur within 45 days or as soon thereafter as applicable closing documents are completed. Seller shall pay for recording release from any mortgage. Buyer shall pay for recording the deed of conveyance from Seller and any mortgage title insurance charges. Any closing costs not herein provided for shall be borne by Buyer. Seller shall cause the Closing Statement to be delivered to Buyer at or before the closing. POSSESSION: At closing subject to tenant's rights. AGENCY: Buy A Farm Land & Auction Co LLC is the Agent and Representative of the Seller. The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed the owners or Buy A Farm Land & Auction Co LLC. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the Seller(s) or Buy A Farm Land & Auction Co LLC pertaining to this property. Real estate is being sold "As Is, Where Is". AUCTIONEER: Mark Kennedy, IL Lic #440.000202, 618-924-1747.