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Method & Terms{"message":"In _app.tsx child of Layout","renderCount":1}
Terms of Sale
Lot Closed
Auction by Van Adkisson Auction Service(107)
This item is in Yates City, IL
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Item Details
* This Lot is for informational purposes only *
SALE PROCEDURE: Tracts 1 and 2 will be offered by bidder's choice whereby the high bidder has the privilege of selecting either one or both tracts. In the event one tract is selected the remaining tract will then be sold.
TERMS OF SALE: Ten percent (10%) of the purchase price to be paid down at time of sale with balance due at closing on or before February 24, 2023. Buyers will receive possession at the closing for the 2023 crop year. Title insurance will be provided. The 2022 real estate taxes payable in 2023 will be paid by the sellers. The farm is selling with no contingencies. Bidders must have financing arrangements made prior to participating in the auction. All statements and representations herein are believed to be correct, however, the sellers and the auctioneers make no warranties or guarantees expressed or implied. Any announcements made on the day of sale will supersede those previously advertised. Van Adkisson Auction Service LLC serves solely as agent for the seller and assumes no liability of any kind with the property being sold.
NOTE: The cropland has been maintained in a very good state of productivity. Limestone has been recently applied.
The information that is provided by the auction firm has been obtained from reliable sources and is believed to be correct. However, the sellers and the auction firm cannot guarantee the information. Any announcements made on the day of the auction will take precedence over any printed, electronic or oral representations made previously.
Van Adkisson Auction Service LLC serves solely as agent for the seller and assumes no liability of any kind with the property being sold.
SELLER: SALEM PARTNERS, LLC
Robert Turner | Mark Turner
ATTORNEY: Patrick C. Egan | Egan Law, LLC
2101 Windish Drive | Galesburg, IL 61401 | 309-343-5010
AUCTIONEERS: Van Adkisson (309)337-1761
Jeff Gregory (309)337-5255
INTERNET BIDDING: Heather Gregory (309)337-2217
Click here to view the full listing on our website.
Payment
Immediately following the auction, buyer(s) will be required to execute a purchase agreement and pay ten percent (10%) of the purchase price as a non-refundable down payment. The down payment will be held in escrow until the closing. The balance of the purchase price will be due at closing on or before February 24, 2023.
CheckWire Transfer
Auction Details
Knox County, IL Land Auction - Salem Partners, LLC102 West Main Street, Yates City, IL, 61572Wednesday, Jan 25, 2023 | 10:00 AM CST
Auction House
Terms Of Sale
The property is selling under standard auction terms – As Is -without warranties or guarantees either expressed or implied. The sale is not subject to any contingencies. Bidders must have financing arrangements made prior to participating in the auction. Bidders are responsible for performing their own due diligence prior to participating the auction.
The information that is provided by the auction firm has been obtained from reliable sources and is believed to be correct. However, the sellers and the auction firm cannot guarantee the information. Any announcements made on the day of the auction will take precedence over any printed, electronic or oral representations made previously.
Van Adkisson Auction Service LLC serves solely as agent for the seller and assumes no liability of any kind with the property being sold.