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Method and Terms Lot #0 (Sale Order 1 of 4) This lot is informational and may be used for test bidding - place your actual bids below on Lot #1. All 3 tracts have recently been surveyed and will be sold by the acre based on the surveyed acres. Tract 1 will sell first, then we will sell "Buyers Choice" on Tracts 2 and 3. The tracts will NOT be combined at the conclusion of the auction. Immediately following the auction, the successful buyer(s) will be required to enter into a written purchase agreement with the seller and pay ten percent (10%) of the bid price as a non-refundable down payment. The balance of the bid price will be due at the time of closing, on or before Monday, October 1, 2021. Bidding is NOT subject to the following contingencies, including but not limited to: financing, appraisal, or inspection. The seller will provide title insurance in the full amount of the purchase price and pay the 2020 and 2021 real estate taxes. The farm sells subject to the current 2021 crop tenancy and sellers are retaining all farm income for 2021. Possession will be given at the time of closing, subject to the current, existing farm tenancy. All announcements sale day take precedence over prior advertising either written or oral. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by seller or Sullivan Auctioneers, LLC pertaining to this property. Real estate is being sold "AS IS". CLICK HERE TO VIEW SURVEY PLAT CLICK HERE TO VIEW SURVEY PLAT - AERIAL OVERLAY CLICK HERE TO VIEW TRACT 1 PURCHASE AGREEMENT & TITLE COMMITMENT CLICK HERE TO VIEW TRACT 2 PURCHASE AGREEMENT & TITLE COMMITMENT CLICK HERE TO VIEW TRACT 3 PURCHASE AGREEMENT & TITLE COMMITMENT Gene and Teresa Mowen Representing Attorney: Jerry Timmerwilke Blickhan Timmerwilke Woodworth 226 N 6th St Quincy, IL 62301 (217) 221-4200 Auction Manager: John Sullivan (309) 221-6700 |
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Tract 1 - 174.52 Surveyed Acres+/- Lot #1 (Sale Order 2 of 4)
The purchase agreement will be adjusted to a quantity of 174.52 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value. |
$4,625.00 x 175 = $809,375.00 Total
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Tract 2 - 15.03 Surveyed Acres+/- Lot #2 (Sale Order 3 of 4)
The purchase agreement will be adjusted to a quantity of 15.03 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value. |
$9,800.00 x 15 = $147,000.00 Total
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Tract 3 - 16.91 Surveyed Acres+/- Lot #3 (Sale Order 4 of 4)
The purchase agreement will be adjusted to a quantity of 16.91 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value. |
$11,600.00 x 17 = $197,200.00 Total
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