Real Estate Auction

360.25 +/- acres in Edgar County, IL

 Offered in 5 Tracts

Prime Farmland & Grain Bins, House & Buildings

Tuesday, February 28, 2006 – 10 AM CST

Auction location:  Knights of Columbus Hall, 614 North Main St.,

Paris, IL.

Directions to Auction Site: From the Courthouse Square in downtown Paris, travel north on Main St./IL Hwy. 1 for 6 blocks and the Knights of Columbus will be on your right.

Directions to Property: From Paris, travel west on IL Rt. 16 10 miles to CR 450E, Tract 5 is located on the northeast corner of IL Rt. 16 & CR 450E. From Tract 5 travel north on CR 450E 1.5 miles to CR 750N, travel east on CR 750E 1 mile to Tracts 3, 2 & 1 on the north side of CR 750E, Tract 4 on the south side of CR 750E.

Maps

Sale Bill		Photos
Download a printable sale bill for this auction (Adobe PDF)		Click here for photos of this property

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Legal Descriptions

Tracts 1-4: NW ¼ and the W ½ of the NE ¼ and all that part of the W ½ of the SE ¼ lying north of the railway, all in Sec. 16, T 13N, R 13W of the 2^nd P.M., Edgar Co., IL, containing 280.25 acres more or less.

Tract 5: W ½ of the SE ¼ of Sec. 20, T 13N, R 13W, of the 2^nd P.M., Edgar Co., IL, containing 80 acres more or less.

Tract Descriptions

Tract 1: 1.7 +/- acres-story & a half house, garage & storage shed.

House Description: Approximately 1,400 sq. ft. of living space. Upstairs has 2 bedrooms & a bathroom. Main level contains 2 bedrooms, bathroom, living room, family room, kitchen & dining room and a utility room. House has 100 amp service, forced air gas furnace, ¾ dry basement with sump, outside basement entrance, 40 gallon gas water heater, driven well with submerged pump, water softener, iron filter, vinyl siding and 500 gallon LP tank.

Tract 2: 119.04 +/- acres of highly productive farmland with frontage on CR 750N. Tract includes a 15,000 bushel grain bin and a 30,000 bushel grain bin.

Tract 3: 119.03 +/- acres of highly productive farmland that’s nearly all tillable with frontages on CR 750N and CR 500E. Consider combining with tract 2 for nearly 240 acres of outstanding property with grain storage.

Tract 4: 40.48 +/- acres of highly productive farmland that’s nearly all tillable with frontage on CR 750N. Consider combining with tracts 2 & 3 for 278.55 acres of some of Illinois finest farmland.

Tract 5: 80 +/- acres of productive East Central Illinois soils, nearly all tillable with frontages on IL Rt. 16 & CR 450E. Consider combining with tracts 2-4 for 358.55 acres of some of Edgar County’s finest farmland.

F.S.A. Information:

Farm #6413

Tracts 1-4: 276.5 acres tillable classified NHEL, 137.8 acres corn base, 137.7 acres soybean base, direct yields-130 bushels for corn and 41 bushels for soybeans, counter cyclical yields-153 bushels for corn and 49 bushels for soybeans.

Tract 5: 78.5 acres tillable classified HEL, 39.2 acres corn base, 39.2 acres soybean base, direct yields-130 bushels for corn and 41 bushels for soybeans, counter cyclical yields-153 bushels for corn and 49 bushels for soybeans.

Soil Associations:

(Approximate percentages)

Real Estate Taxes: The real estate taxes due in 2006 will be deducted from the selling price based on the taxes paid in 2005. Buyer(s) will assume real estate taxes payable thereafter.

Seller: Brendan Baber & James Baber

(Asa Baber Heirs)

Moss Auction Team, LLC

Pairs, IL 217-465-4500

Larry Moss IL lic.#040000147

Matt Moss IL lic.#040000148

Auction Terms and Conditions

Auction procedure: This property will be offered in individual tracts, in any combination of tracts, or as a whole unit. There will be open bidding on tracts and combinations during the auction as determined by the Auctioneer. The property will be sold in the manner resulting in the highest total sale price, subject to confirmation by the seller.

Down Payment: Ten percent (10%) down payment on the day of the auction upon signing a purchase agreement immediately following the close of the auction. The remaining balance will be due in 30 days at the closing with delivery of deed. Property is being sold subject to any easements or right of ways of public record. Buyer(s) will receive full possession at the time of closing. Buyer should keep in mind that your bidding is not conditional to financing, so make certain that you have arranged financing if you need it.

Acceptance of bid prices: All successful bidders will be required to sign purchase agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Seller’s acceptance or rejection.

Title: Seller will offer title insurance on the property being offered in the auction.

Mineral Rights: Buyer(s) will receive mineral rights owned by seller.

Possession: Tenants rights are open for the 2006 crop year. Possession of the farmland and improvements will be given at closing, subject to the remaining rights of the 2005 crop year tenant. Buyer(s) and/or 2006 tenant(s) shall reimburse the 2005 tenant for fall tillage work, anhydrous ammonia, fertilizer and limestone applied for the 2006 growing season by the 2005 tenant.

Legal Questions: Legal questions may be directed to attorney Fred Kreckman of Kreckman & Anderson in Paris, IL. (217)-465-3535

Survey: Seller shall provide a survey for any parcel where there is no existing legal description or where new boundaries are created by the tract divisions. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres if a survey is needed. Any need for survey shall be determined solely by the Seller.

Agency: Moss Auction Team and their staff are exclusive agents for the Seller.

Auction Company Note: Announcements on Sale day take precedence over printed material or any other oral statement made.

Disclaimer and Absence of Warranties: The property is being sold on an “as is, where is” basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. Each potential buyer is responsible for conducting his or her own independent inspections, investigations and inquiries concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. The auction procedure, conduct, and bid increments are at the direction and discretion of the Auctioneer. The Seller and the Auctioneer reserve the right to preclude any persons from bidding if there is any question as to the person’s credentials, fitness, etc. Auctioneer has final decision on all matters pertaining to this auction.

The Moss Auction Team is a full service professional Auction Company  owned and operated by Larry and Matthew Moss  in Paris, Illinois. 

Together we conduct auctions of various types in an ethical and honest manner with the use of both traditional and new innovative ideas for auctions. 

We are determined to use the auction method of marketing to bring both sellers and buyers together to reach fair market value of the property or goods being sold.