40 +/- ACRES

Absolute Auction

Edwards County Land – Salem Township

Monday, February 20^th at 2:00pm

Auction will be held at The Village Café, 109 N Main Street, West Salem, IL

Sellers: Roger & Charlotte Shelby

Directions:  Go north of Albion, IL on Route 130 approx. 12 miles and turn east onto

County Road 2100 N and go approx. 4 miles to subject property.

(Section 3-T1N-R14W) Signs will be posted.

FSA INFORMATION

WHEAT: BASE ACRES-3.3; PLC YIELD-45

CORN: BASE ACRES-8; PLC YIELD-135

BEANS: BASE ACRES-10; PLC YIELD-41

Terms

A down payment of 5% will be required on the day of auction and the balance will be due at closing. The successful bidder will be required to enter into a purchase agreement at the auction site. The buyer will receive possession and farming rights of the property at closing. Earnest money is non-refundable and will be forfeited if buyer fails to close and complete the contract. The sellers will retain ½ of the mineral rights for 10 years or if in production, as long as production continues.

Absence of Warranties & Disclaimer  

The property is being sold “As 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 & all announcements made day of the auction take precedence over printed material or any other oral statements made.