Hancock County Land - Tract 1 - 40.54 Acres

Tract 1 -The purchase amount of this tract will be adjusted to 40.54 times the selling price. The Proxibid format rounds to the nearest whole number. 40.54 surveyed acres located 3 miles west of Ferris, IL (7 miles northwest of Carthage, IL) on the north side of County Blacktop 1800N. It is situated in the E1/2 of the E1/2 of the SW1/4, of Section 32, Rock Creek Township, Hancock County, IL. This all tillable, level, top producing, Class A farmland has mostly Virden & Ipava soils and 135 PI. Currently it has an airplane sod landing strip along the west side, which the buyer may elect to leave or eliminate. METHOD & TERMS OF SALE Bidding will be on a price per acre basis and will be based on the surveyed acres. They will be sold "Buyer's Choice", with the first successful bidder having the opportunity of taking either tract or both. If only one tract is selected, the remaining tract will then be sold. Ten percent of the bid price is to be paid at the conclusion of the sale with the balance due on or before October 17, 2022. The Sellers will provide Title Insurance in the full amount of the purchase price. Possession will be given at closing, subject only to the right of removal of the current crops. The 2022 real estate taxes which are payable in 2023 will be paid by the Sellers. Immediately following the auction, the Buyers will be required to enter into a written purchase agreement with the Sellers. A copy of this contract may be inspected prior to sale day by contacting attorney Ronald Stombaugh, 309-734-3150.