235 +/- ACRES
RICHLAND COUNTY LAND OFFERED IN 4 TRACTS
AUGUST 13TH at 5:30PM
SELLER: FOSS FAMILY LLC
DIRECTIONS: NORTH OF NOBLE ON THE PASSPORT ROAD GO 7/10 MILE TO ANTIOCH LANE AND TURN WEST. GO 3/10 MILE AND SUBJECT PROPERTY
IS ON THE SOUTH SIDE OF THE ROAD. SIGNS WILL BE POSTED. ALL ANNOUNCEMENTS AUCTION DAY TAKES PRECEDENCE OVER PRINTED MATERIAL.
AUCTION TO BE HELD AT THE HOLIDAY LOCATED AT 1300 S. WEST STREET, OLNEY, IL
T3N – R9E – SECTION 8
TILLABLE ACREAGE – 219.95 +/- ACRES
CORN- BASE ACREAGE 124.24 — PCL YIELD 105
SOYBEANS- BASE ACREAGE 95.46— PCL YIELD 31
SOIL TYPE – MAJORITY CISNE SILT LOAM
TRACT 1 & 2
Tract #1 – 85 +/- Acres Tract #2 – 70 +/- Acres
TRACT 3 & 4
Tract #3 – 42 +/- Acres Tract #4 – 38 +/- Acres
Terms and Conditions
10% down will be required on the day of auction and the balance will be due at closing. All successful bidders will be required to enter into a purchase agreement at the auction site. Seller will retain all the seller’s interest in the mineral rights. Seller will retain the proceeds of the 2020 crop year. Closing will be approximately 45 days. The auction is offered with reserve and is subject to seller confirmation. Earnest money is non-refundable and will be forfeited if buyer fails to close and complete the contract.
Absence of Warranties and Disclaimer
All information contained in this brochure, and related marketing materials, are subject to the terms and conditions contained in the Purchase Contract and Addendums. The property is being sold “As Is, Where Is”, and no warranty or representation either expressed or implied, concerning the property is made by the Seller or Auction Company. All acreages are approximate. Each bidder is responsible to perform their own due diligence concerning the property. Conducting the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the persons’ fitness or credentials. All decisions of the Auctioneer are final and ANY AND ALL ANNOUNCEMENTS MADE DAY OF THE AUCTION TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
Survey costs will be split 50/50 between seller & buyers if needed, for each tract requiring division.
Please practice social distancing. Your participation is always appreciated.
Closing Attorney – Patrick Burke