Nature Conservancy sets land auction to sell off holding


Posted 5/25/02 - (One has to wonder how The Nature Conservancy GOT this land originally, and if someone donated it to save "America's Last Great Places." One wonders if this 'not-for-profit' 'non-governmental organization' will make a PROFIT on this sale.)

Friday July 12, 2002 @ 7:00 P.M.

Saturday July 13, 2002 @ 9:00 A. M. & 1:30 P. M.

2465± Acres in 53 Tracts (2.4 to 250 Acres) Prime Farmland, Pasture, Recreational Lakes, Waterfowl, Deer, Fishing

Fulton County Illinois - North of Canton Sale Location: Heritage Grand Inn, 1150 E. Linn St. Canton, Illinois

Farmers National Company is pleased to offer at public auction The Nature Conservancy property consisting of 2465± acres. The property lays North and North East of Canton Illinois in Fulton County. This property offers a little of everything:

For the Farmer or Investor: The property is approximately 51% tillable farmland. Tracts range up to 250 acres and many can be lumped together to create larger tracts. Pasture land is also available.

Showing Dates: Saturday, June 15: 10 AM to 2 P.M. & Saturday, June 22 10 A.M. to 2 P. M.

Showing Headquarters: Lakeland Ranger Pavilion, Canton Illinois (see tract map)

For the Sportsman, Boater, Home Builder, Investor or Recreational Minded: Fishing & Boating - Several Ponds and Lakes. Waterfowl habitat - Large winter population of Ducks & Geese Deer, Turkey, hunting as well as other small game.

Excellent building sites for a home or development.

Session I: 7:00 P. M. on Friday June 28th

Session II: 9:00 A.M. on Saturday July 9th

Session III:1:30 P.M. on Saturday July 23rd

This is an excellent opportunity to add acreage to your present farm operation, pick up recreational or investment property. Hunters in Fulton County, in recent years have taken two of the top five Whitetail Deer in the world! Approximately half of this farm is excellent Whitetail Habitat - Don't miss this opportunity. Hope to see you at the showing and the sale. Todd

Sale Terms and Conditions:

Sale Method: The property will be offered in 54 tracts during 3 separate sessions. Session 1, commencing at 6:30 p.m. on July 12th, will offer Tracts 1 through 12. Session 2, commencing at 9:00 am on July 13th, will offer Tracts 13 through 37. Session 3, starting at 1:30 p.m. on July 13th, will offer Tracts 38 through 54. During each session the tracts will be offered individually, any combination, or as a total unit. Bids on the individual tracts, combinations, and the total property will compete. The property will sell in the manner resulting in the highest total price. Bidding on all tracts, combinations thereof, or for the total property is open for advancement until the Auctioneer announces that the property is sold or closes the bidding process.

Earnest DEPOSIT: Ten percent (10%) earnest deposit will be required to be submitted along with the signing of a purchase agreement immediately following the close of bidding for the session in which a tract is purchased. The earnest deposit may be made in the form of cash, cashier's check, personal check, or business check. All funds will be held by the Auctioneer in its Trust Account until closing or until otherwise instructed by the closing agent.

NO FINANCING CONTINGENCY: All financing needs should be arranged prior to the sale as this will be a CASH sale, with no contingency for financing.

Acceptance of Bids: All successful bidders will sign a purchaser agreement at the completion of the auction. All bids are subject to the approval of the Seller.

Title: The Seller shall provide an Owner's Policy of Title Insurance in the amount of the purchase price. Seller will provide at closing a proper deed conveying the real estate to the purchaser(s).

TRACT ACREAGE: All tract acreage and map borders displayed are approximate and have been estimated based on current legal descriptions and/or aerial photos.

SURVEY: If a legal description cannot be created for the purposes of preparing a deed, the SELLER will provide a survey. The type of survey provided will be at the sole discretion of the seller. Final sales price will be adjusted to reflect any difference between advertised and surveyed acreage.

SALE Closing: Closing will take place on or before September 15, 2002, at a time and location to be determined by the Seller's attorney.

Possession: Full possession will be available at closing, subject to the tenant's rights in the 2002 crop lease.

Real Estate Taxes: Seller will pay the 2001 property taxes payable in 2002. Buyer will be responsible for 2002 taxes due in 2003 and assumes all future taxes.

Mineral Rights: All mineral interest owned or controlled by the Seller will be conveyed to the Buyer. [Note: This does NOT say that all mineral interests ARE owned or controlled by the Seller.]

Conditions AND EASEMENTS: This sale is subject to all easements, covenants, leases, and restrictions of record. This will include any and all easements, including those created for this sale.

PURCHASER'S CREDIT: Purchasers of tracts with row crop acreage will receive at closing a reduction in the purchase price equal to the “credit amount” as set forth in the individual tract descriptions.

Agency: Farmers National Company and its representatives are agents of the Seller.

DISCLAIMER and ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the agreement to purchase. ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIALS OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on a “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied concerning the property is being made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries and due diligence concerning the property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. The seller or the auction company assumes no liability for its accuracy, errors, or omissions. All sketches and dimensions in this brochure are approximate. All acreage is approximate and has been estimated based on aerial photographs. Procedures of the auction and increments of bidding are at the direction and discretion of the auctioneer. The seller and the auction company reserve the right to preclude any person from bidding if there is any question as to the person's credentials or fitness. All decisions of the auctioneer are final.

Seller: The Nature Conservancy


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