Online bidding registration must be complete 24hrs prior to the live event.
Property Description
LAND AUCTION
Jordan D Lewis Jr Trust
+/- 131 Acres, 2 Tracts
Part of section 18, T2N-R4E, Iuka, TWP.
Marion County, IL.
Auction Time & Date:
Thursday, 11:00 AM, July 28th
Auction Location:
Salem Country Club
700 Divot Dr, Salem, IL 62881
Buyer receives owners share of the 2022 crop.
One third owner, two thirds tenant, crop lease.
Half mile rows, level field.
Mature Marketable Timber.
Excellent Hunting and Recreational Opportunities.
T1 and T2 will be surveyed. The cost of the survey shall be split equally between the buyer and the seller.
T1 and T2 shall be offered individually and in combination with one another. Bidding shall remain open until auctioneer announces bidding closed.
The auction will be conducted publicly with online bidding available for pre-registered online bidders.
T1: +/- 88.00 Acres
+/- 84.5 Tillable Acres, 99.4 PI
Subject to an ingress egress easement for T2
T2: +/- 43.00 Acres
+/- 39.5 Wooded Acres
+/- 3.5 Tillable Acres
Access to T2 shall be a 15 ingress egress easement along the east side of the T1 field,
refer to yellow dashed lines on map. To be described by survey.
Assessor Parcels:
+/- 31 Acres, PIN# 1318200015 Real Estate Tax: $431.18
+/- 80 Acres, PIN# 1318400001 Real Estate Tax: $933.22
+/- 20 Acres, PIN# 1319200001 Real Estate Tax: $ 48.70
Land Broker and Auctioneer
Travis Selby 217.304.1686
IL Lic.# 441001485
Auction terms and conditions:
Procedure: T1 and T2 shall be offered individually and in combination with one another. Bidding shall remain open until auctioneer announces bidding closed.
The auction will be conducted publicly with online bidding available for pre-registered online bidders.
BIDDING IS NOT CONDITIONAL UPON FINANCING.
Acceptance of Bid Prices/Contracts: All successful bidders will sign a sale contract at the auction site immediately following the close of the bidding.
Down Payment: A 10% earnest money deposit of the total contract purchase price will be due immediately after being declared the buyer. The down payment may be paid in the form of a personal check, business check, or cashiers check. The balance of the contract purchase price is due at closing.
Closing: Closing shall take place 33 days after auction day, or as soon thereafter as applicable closing documents are completed.
The anticipated closing date shall be Tuesday, August 30th.
Possession: Possession will be given at closing subject to the existing 2022, 1/3 owner, 2/3 farmer crop lease. Buyer shall receive the owners 1/3 share of the 2022 crop.
Survey: Seller shall not provide a survey, and the sale shall not be subject to a survey. Tract acreage is approximate and has been determined by deeds, legal description, and aerial photographs.
Title: Sellers shall provide an Owners Policy of Title Insurance in the amount of the purchase price and shall execute a Trustees deed conveying to the buyer(s). Sellers shall pay the premium for the Title Insurance Policy and the sellers search charges. Commitments for Title Insurance will be available for review at the office of the auctioneer and at the auction site. Bidders shall be deemed to have reviewed and approved the Title Commitments by submitting bids.
Real Estate Taxes and Assessments: Buyer will assume and pay 100% of the 2022 real estate tax due and payable in 2023.
Mineral Rights: The sale of the property shall include all mineral rights owned by the seller.
Agency: Ag Exchange Inc. and their representatives are exclusive agents of the Seller.
Disclaimer and Absence of Warranties: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the sales contract.
ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
The property is being sold on an as is basis, and no warranty or representation either expressed or implied, concerning the condition of the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries and due diligence concerning this property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the sellers or the auction company. All sketches and dimensions in this brochure are approximate. Photographs are used for illustrative purposes only. Conduct at the auction and increments of the bidding are at the discretion of the auctioneer. The sellers and the auction company reserve the right to preclude any person from bidding and to remove any person from the auction if there is any question as to the persons credentials, fitness, conduct, etc. All decisions of the auctioneer are final.
Sellers: Elizabeth Lewis and Michael Lewis, Co Trustees of the Jordan D Lewis Jr Living Trust.
