62.59 +/- acres of Tillable Farmland in Paris Township, Edgar County, IL
Thursday, November 17, 2016 10 AM Central
Auction location: Edgar County 4-H Building in Paris, IL.
Auction Site: From the Courthouse
Square in downtown Paris, travel north on Main St./IL
Hwy. 1 for 12 blocks to Elliot St., turn east on Elliot St., 4-H Building is on
the north side of Elliot St.
Property: From Paris, IL:
travel north on IL Rt. 1 to CR 1200N, travel east 1 mile to the property on the
south side of the road.
Property Description: Productive farm consisting of 62 tillable acres with excellent road frontage
on CR 1200N. Soil types on this farm include: Xenia (30.27 acres), Fincastle (13.86
acres), Drummer (8.91 acres) & Wingate (8.49 acres). The Productivity Index
(PI) for the soils on this farm is 124.66.
F.S.A. Information: approximately 62 tillable acres classified
HEL, 47.6 acres corn base, 14.7 acres soybean base, .2 acre wheat base;
PLC-Yield of 133 for corn, 63 for soybeans & 51 for wheat.
Tenant rights are open for the 2017 crop year.
Real Estate Taxes: The real estate taxes will be deducted
from the selling price based on the taxes paid in 2016. Buyer will assume real
estate taxes payable in 2017 and thereafter. The real estate taxes paid in 2016
were $944.14 or $15.85/acre.
Auction Terms and Conditions
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 on or before December 19, 2016 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. Bidders
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: The successful bidder will be
required to sign purchase agreements at the auction site immediately following
the close of the auction. The final bid price is subject to the Sellers
acceptance or rejection.
will offer title insurance on the property being offered in the auction.
Mineral Rights: Buyer will receive mineral rights owned by the
Legal questions may be directed to attorney Craig Smith of Asher & Smith Law
Offices in Paris, IL. 217-465-6444.
Moss Auction Team and their staff are exclusive agents for the Seller.
Note: Announcements on Sale
day take precedence over printed material or any other oral statement made.
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 persons credentials, fitness, etc.
Auctioneer has final decision on all matters pertaining to this auction.
Rosa C. Trapp Estate
County Bank & Paul Trapp
Auctioneer License Information: