SCHAFER AUCTION - SELLER

Live Webcast Auction

Parrott Real Estate & Auction

Allendale Ruritan 301 E. Main

Allendale, IL 62410

Date(s) 6/21/2017

Thursday June 22nd, 5PM

Past Auction

Catalog

View Catalog (1 Lots)

Bidding Notice:

Bidding activity will take place online and live at auction site. Being sold subject to owner approval. Parrott Auctions reserves the right to reject any bid at our sole discretion. Floor bids take precedence over online bids in the event of a tie or equal bid. For online bidding, must register and be approved minimum 24 hours prior. Phone bidding also available. Phone bidders must be ... Show More

Auction Information

Name	SCHAFER AUCTION - SELLER
Auctioneer	Parrott Real Estate & Auction
Type	Live Webcast Auction
Date(s)	6/21/2017
Auction Date/Time Info	Thursday June 22nd, 5PM
Preview Date/Time	Thursday June 22nd, 5PM
Checkout Date/Time	Thursday June 22nd, 5PM
Location	Allendale Ruritan 301 E. Main Allendale, IL 62410
Buyer Premium	6% Buyer's Premium
Description	SELLAFARM YOUR TEAM ON THE GROUND Wabash Co. IL Land Auction 20 +/- Ac., 18.5+/- Tillable Thursday June 22nd, 2017, 5PM Central Auction Location: Allendale Ruritan Community Center 310 E. Main, Allendale, IL 62410 Latitude: 38.526320 Longitude: -87.708676 Land Location: Wabash Township, Wabash Co., Illinois Tract 1 – 20+/- Acres, 18.5+/- Acres Tillable Latitude: 38.522112 Longitude: -87.729529 Location: Approx. 5.5 Mi. North of Mt. Carmel on IL. RT. 1 to N. 2100 Blvd (South edge of Allendale), West .75 Mi. to land location -OR- Approx. 13 Mi. South of Lawrenceville, IL on IL. RT. 1 to N. 2100 Blvd, West .75 Mi. Brief Legal: E1/2 NW1/4 NE1/4 Section 15, Wabash Township, Wabash Co., IL. T1N-R12W. Access:Direct access to N. 2100 Blvd. Soils: 214C2 Hosmer Silt Loam, 5-10% slope, 9.96 Ac., 50.3%; 214C Hosmer Silt Loam, 5-10% slope, 7.03 Ac., 35.5%; 214B Hosmer Silt Loam, 2-5% slope, 2.75 Ac., 13.9%; 3331 Haymond Silt Loam, .085 Ac., .4%; Weighted Productivity Index: 98.5, HEL R.E. Estimated Taxes: Wabash Co. Index #01-107-15-200-002, $55.10. 2016 taxes, due & payable 2017 to be paid by SELLAFARM. FSA Info: Soybean Base Ac. 10.67, PLC yield 53; Corn Base Ac. 10.66, PLC yield 138; Wheat Base Ac. .47, PLC yield 57; Total Base Ac. 21.80. Farm Rights: Current tenant to have 2017 farm rights, buyer(s) thereafter. Buyer to receive seller’s portion of 2017 income. Mineral Rights: Buyer to receive all interest in all oil, gas & other minerals owned by sellers, if any. Possession:Possession of tillable date of closing, subject to the rights of the existing farm tenants for the 2017 crop year -or- December 1st, 2017, whichever is first. Survey: Any survey cost to be paid by buyer(s). Any acreage difference greater than half (½) acre plus or minus from the advertised acreage discovered in survey will be reflected in price adjustment based upon original bid price per acre & original buyer’s premium per acre. Terms: 10% down day of sale non-refundable escrow. 6% Buyer’s Premium. Closing to occur as soon as necessary documents are prepared. Have financial arrangements made prior to sale. All information provided is from sources deemed reliable however not guaranteed. Parties relying on such are urged to perform due diligence and base their decisions upon that information. Being sold subject to owner approval. Log onto www.sellafarm.com or www.parrottauctions.comfor aerials, drone tour, photos & plats. For private tour of the land on 6 passenger Side by Side or more information, please call Call Auctioneer Gregg Parrott mobile 618-843-4905 or Zane Parrott mobile 812-890-5452. Dr. Robert & Carol Schaffer – Sellers

Terms and Conditions

Terms:10% down to be received within one business day of sale, non-refundable escrow via wire transfer ONLY, with buyer responsible for all wire transfer fees. 6% Buyer’s Premium. Closing to occur as soon as necessary documents are prepared. Have financial arrangements made prior to sale. All information provided is from sources deemed reliable however not guaranteed. Parties relying on such are urged to perform due diligence and base their decisions upon that information. Being sold subject to owner approval. Parrott Auctions reserves the right to reject any bid at our sole discretion. Floor bids take precedence over online bids in the event of a tie or equal bid. NOTE: All bids must be a per acre amount For online bidding, must register and be approved minimum 48 hours prior. Phone bidding also available. Phone bidders must be registered and approved minimum 24 hours prior, with financial arrangements in place.

Bid Increments

Your bid must adhere to the bid increment schedule.

Bid Amount	Bid Increment
0.00 - 1,000,000.00	1,000.00 USD

Payment Information

Currency	USD
Buyer Premium	6% Buyer's Premium
Payment Terms	6% Buyer's Premium. 10% down day of sale, non-refundable escrow must be provided by end of next business day via wire transfer ONLY. Buyer responsible for all wire transfer fees.

Shipping / Pick Up

This auction is for land only, no personal property is included.

Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.