METHOD & TERMS
The Noel Rex Hill farm will be sold on a price per acre basis, based on taxable acres. The tracts will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect any of the tract(s) for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract(s) will continue to be offered “Buyer’s Choice” until all tracts have been elected. The tracts will NOT be offered in their entirety at the conclusion of the auction. Immediately following the auction, the successful buyer will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing which will take place on or before Tuesday, May 28, 2024. The seller will provide title insurance in the full amount of the purchase price and pay the 2023 real estate taxes, due and payable in 2024, through a credit at closing. Buyer will be responsible for all the 2024 real estate taxes and beyond. Possession of tracts 1, 2, 3, 4, and 5 will be at the time of closing, subject to the 2024 farm lease of which the new buyer will receive 1/3 crop share (contact the auction manager for details regarding the 2024 farm lease). Possession of tract 6 will be at the time of closing. There are no hunting leases associated with the property and open crop tenancy for 2025 and beyond. Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property. All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website 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 the seller or Sullivan Auctioneers, a BigIron company, pertaining to this property. Real estate is being sold “AS IS”.
VISIT OUR WEBSITE WWW.SULLIVANAUCTIONEERS.COM
FOR ADDITIONAL DETAILS, MAPS, PHOTOS & BIDDING!
RODNEY BORROWMAN (630) 247-0667
JOHN BORROWMAN (217) 430-0645
AUCTION TO BE CONDUCTED AS A VIRTUAL, ONLINE AUCTION. NO INTERNET BUYER FEES! IF YOU NEED ASSISTANCE WITH BIDDING, PLEASE CONTACT OUR OFFICE AT (844) 847 - 2161
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