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Terms of Sale Lot #0 (Sale Order 1 of 6) * This Lot is for informational purposes only * SALE PROCEDURE: Tracts 1, 2, 3, 4 and 5 will be offered by bidder's choice whereby the high bidder has the privilege of selecting any individual tract, any combination of tracts or all five tracts. In the event that less than all five tracts are selected in the first session, the remaining tract(s) will be offered by the same method until all five tracts are 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 January 5, 2023. Buyers will receive full possession of all tracts at the closing. Title insurance will be provided. The 2022 real estate taxes payable in 2023 will be paid by the seller. 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. 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. SELLER: THADDEUS & HOLLY THARP ATTORNEY: Marcum Spears | Spears & Spears Law Office 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. |
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Tract 1 - 47.05 Surveyed Acres Lot #1 (Sale Order 2 of 6) 100% tillable, Muscatune and Sable silt loam soils, 144.8 PI. The purchase agreement will be adjusted to 47.05 acres times the per acre bid price to determine the final purchase amount. The bidding platform rounds the quantity value. |
$20,200.00 x 47 = $949,400.00 Total
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Tract 2 - 80.00 Surveyed Acres Lot #2 (Sale Order 3 of 6) 100% tillable, Muscatune, Sable and Osco silt loam soils, 144.4 PI. |
$18,600.00 x 80 = $1,488,000.00 Total
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Tract 3 - 56.38 Surveyed Acres Lot #3 (Sale Order 4 of 6) 100% tillable, Muscatune, Sable and Osco silt loam soils, 141.5 PI. The purchase agreement will be adjusted to 56.38 acres times the per acre bid price to determine the final purchase amount. The bidding platform rounds the quantity value. |
$17,800.00 x 56 = $996,800.00 Total
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Tract 4 - 25.26 Surveyed Acres Lot #4 (Sale Order 5 of 6) 23 acres +/- tillable, Osco silt loam soil, 133.4 PI, Morton 28'x64' open front building. The purchase agreement will be adjusted to 25.26 acres times the per acre bid price to determine the final purchase amount. The bidding platform rounds the quantity value. |
$10,100.00 x 25 = $252,500.00 Total
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Tract 5 - 27.40 Surveyed Acres Lot #5 (Sale Order 6 of 6) 22.64 acres +/- tillable, Osco, Muscatune and Assumption silt loam soils, 130 PI. The purchase agreement will be adjusted to 27.40 acres times the per acre bid price to determine the final purchase amount. The bidding platform rounds the quantity value. |
$10,100.00 x 27 = $272,700.00 Total
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