PROPERTY LOCATION: Located in Sections 14, 15, 18, 19, 22, and 24 of Emma Township, White County, Illinois; Sections 13, 19, 24 of Point Township, Posey County, Indiana; Section 2 of Lynn Township, Posey County, Indiana
DIRECTIONS TO ILLINOIS FARMS (TRACTS 1-12): From Illinois 141 just west of the Wabash Memorial Bridge, proceed South on CR 1600/50E approximately 2-miles. Watch for signs.
DIRECTIONS TO OLIVER FARM (TRACT 16): From Hwy 69, turn east on Springfield Road, then East on Oliver-Springfield Road, then South on Oliver Road. Watch for signs.
AUCTION LOCATION: The Auction Center, 1026 Granary Street, New Harmony, Indiana 47631
PROCEDURE: The real estate will be offered in 16 tract(s), combinations, and the entirety. Bids on individual tracts and combinations may compete. There will be open bidding during the auction as determined by the Auctioneer. Conduct of the auction and increments of bidding are at the discretion of the auctioneer. All decisions of the Auctioneer are final.
DOWN PAYMENT: A 10% down payment is due on the day of the auction with the balance due at closing. The down payment may be in the form of cash, cashier’s check, personal check or corporate check. Bidding is not conditional upon financing. Bidders should arrange for financing, if needed, and be capable of paying cash at closing.
BUYER’S PREMIUM: A 4% buyer’s premium will be added to the high bid to the determine the contract sales price
ACCEPTANCE OF BID: Successful bidder will be required to enter into a Purchase Agreement at the auction site immediately following the close of the auction. The real estate will be sold at Absolute Auction, regardless of price.
DEED: Seller shall provide a sufficient deed conveying title to the property.
CLOSING: The balance of the purchase price is due at closing, which will take place within 30 days of the presentation of insurable title. The closings shall take place after August 28, 2021.
POSSESSION: Buyers will receive possession to the non-tillable acres at closing. Buyers will receive possession to the tillable acres subject to the farm tenants rights, after the fall harvest.
REAL ESTATE TAXES: The real estate taxes will be the responsibility of the buyer beginning MAY 2022, and thereafter on the Indiana tracts. The real estate taxes will be prorated to the date of the closing on the Illinois tracts.
ACREAGE: All tract acreages, dimensions, and proposed boundaries outlined on the auction plat and all advertising are approximate and are estimated based on current legal descriptions and/or aerial photos. Purchaser should make his/her own independent determination of acreage prior to bidding.
MINERALS: Seller will convey all mineral interests owned on Tracts 6-12 (Harlem Farm). For all remaining tracts, Seller will retain all minerals.
SURVEY: If a survey is deemed necessary to establish a new legal description, the cost of the survey will be shared 50/50 between the seller and buyer.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this ad and all related materials are subject to the terms and conditions outlined in the Purchase Agreement, which shall take precedence. 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 WILLIAM WILSON AUCTION & REALTY, INC., including, but without limitations to fitness for a particular use, physical condition, any specific zoning classification, title, location of utilities, assurance of building permits, driveway permits, or water and septic permits. All sketches and dimensions are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property.
All announcements the day of the auction take precedence over printed material or any other oral statements made.