Open House for Real Estate Monday June 29th 4-6PM
Terms and Conditions for this Auction

" 2% Buyer's Premium online bidders only

" Real Estate sold "as is, where is," with no warranties or guarantees written, expressed, or implied.

" Earnest money of 5% down plus 2% Buyers premium (online buyer's only) is due within 24hrs of final bid acceptance from sellers and is non-refundable. Balance due and possession of all real estate but tillable acreage at closing to be determand by the buyer:
Option1-If the closing date is on or before Sunday, September14, 2025, the Buyer would receive the second rental installment as well as the end of year residual from current renter.

Opton 2- If the closing date is on or after Monday, September 15th, the Sellers would keep the second rental installment and the end of year residual from the current renter.

. Farming rights available upon harvest of 2025 crops or Dec 1st whichever comes first.

" This sale is not contingent on financing, so please have your financing in order. Perspective buyer could have had inspections done at their expense, however, as stated earlier, the property is sold "as is, where is." Seller will not negotiate any further on the property with anyone other than the high bidder. Seller has the right to refuse any and all bids.

" Real Estate taxes for all of 2024 taxes will be paid by seller and 2025 estimated taxes will given to the buyer at closing as credit. 2025 taxes paid in 2026 will then be the responsibility of the buyer.

" Buyer will enter into a Real Estate Purchase Agreement with Seven Oaks Realty, LLC Greenville, IL. Seller will have the right to approve final bid.

" Earnest monies will be deposited into the escrow account of the title company of the seller's choice within the next business day.

" Seller will furnish title commitment title policy in the amount of the purchase price to the buyer.

" Buyer and Seller will share closing cost. If lender policy is required, it will be the responsibility of the buyer.

This farm has been owned and operated by the Steiner family for many years. The children grew up on this farm milking cows and grain farming with their parents. But now that the parents have both passed it is time to give someone else the opportunity to purchase and raise their family on this 160 Acres grain and livestock farmstead. The property will be sold live and online on July 31st at 10:00 AM on location at 14044 Krause Rd Pocahontas IL 62275. The farm will be sold as is, where is with no warranties or guarantees expressed, written or implied. Sellers have the right to refuse any and all bids. The property will be sold by the acre times county records of 159.99 acres. Please have your financing in order as the 5% earnest money and 2% buyer's premium (online bidders only) is non-refundable. On site bidders will not pay a buyer's premium. Come see us from 12-2:00 PM June 29th at the farm for preview. Soil types mostly of Burksville, Coulterville, Oconee, Herrick with some Atlas, Lawson and Cowden-Piasa. Estimated PI of 106.46, Taxes from county records for 2023 of $4,030.88 on 159.99 Acres. Farming rights will be available for 2026 farming season. Contact Wayne 618-920-6694 or Adam 618-267-3086 for information packet. Closing Terms here. PLEASE READ REMAINING TERMS IN TERMS AND CONDITIONS PORTION. Option1-If the closing date is on or before Sunday, September14, 2025, the Buyer would receive the second rental installment as well as the end of year residual from current renter. Option 2- If the closing date is on or after Monday, September 15th, the Sellers would keep the second rental installment and the end of year residual from the current renter. . Farming rights available upon harvest of 2025 crops or Dec 1st whichever comes first.