Twin Oaks Farm - Real Estate Auction

5545 N 5000 E Rd - Bourbonnais, IL
Kankakee County - Ganeer Township

Legal Description
TRACT IN WH NWQ AND WH NWQ SWQ 49.06A MAP

· The Property may be sold at public "Online Only - Internet Auction" ending on Wednesday, June 14, 2017 at 2:00pm CDT (3 minute soft close). All proposals submitted during the Auction shall remain open for 24 hours after the close of the Auction in order for Seller to determine and accept the winning proposal, should they so desire, and for Seller and the winning proposer to sign the Sale and Purchase Agreement.
· The Property may be offered in 3 parcels:
o Tract 1: House, barns on 24 +/- Acres
o Tract 2: 13 +/- Acres (pasture, tillable, hay or home site)
o Tract 3: 11 +/- Acres (pasture, tillable, hay or home site)
· Survey: The Seller shall provide a survey where there is no existing legal description or where the tract divisions in this Auction create new boundaries. Seller and successful proposer shall each pay half (50:50) of the cost of any new survey. The survey performed shall be a boundary survey.
· All proposers must sign a proposer's certification representing and warranting that such proposer has readily available funds to complete the purchase of the parcel(s) and satisfy all monetary obligations hereunder.
· The Property will be sold subject to Seller's confirmation. The Seller reserves the right to reject any and all proposals and irregularities in the Auction.
· The Seller reserves the right to enter the Property / transaction into a 1031 exchange
· Property sells AS-IS, WHERE IS and SUBJECT TO ALL FAULTS with no warranties expressed or implied
· Property included in the sale is the real estate and improvements, if any.
· The Auction is subject to prior sale, meaning that the Property can be purchased prior to the end of the Auction
· The Seller reserves the right to cancel the Auction at any time prior to the end of the Auction
· The proposer(s) of the winning proposal(s) at Auction shall each be a Buyer of all or such portion of the Property as delineated in such winning proposal and shall immediately, and in no event later than twenty-four (24) hours after the close of the Auction, after being declared a successful proposer by the Auctioneer, execute the Sale and Purchase Agreement and deliver such Agreement to Seller. The Sale and Purchase Agreement shall not constitute a valid and binding agreement between Seller and Buyer until Seller executes the Agreement and delivers such Agreement to the Buyer.
· Buyer's Premium: an 11% Buyer's Premium will be added to the amount of such Buyer's winning proposal and charged to the Buyer. The amount of the winning proposal shall be the Purchase Price of the Property. The Purchase Price, plus the Buyer's Premium, plus or minus prorations, shall be due at Closing.
· A 10% down payment must be paid by the Buyer by direct wire transfer within 24 hours after the execution of the Sale and Purchase Agreement payable to Chicago Title Insurance Company, pursuant to a joint order escrow. The down payment deposit will be non-refundable. The proposals are not conditional upon financing. Proposers should be prepared to pay cash at Closing or have arranged financing prior to the Auction. The balance of the Purchase Price including the Buyer's Premium will be due via a wire transfer to the closing company, on delivery of insurable title on or before June 30, 2017.
· Closing is NOT contingent upon financing.
· The Property will be conveyed by a Special Warranty Deed
· The Seller agrees to furnish Buyer(s) with an Owner's Policy of title insurance at Closing.
· Real Estate Taxes: the taxes will be prorated to the day of closing based upon the last ascertainable bill. Closing of separate tracts will be subject to a tract division and the parties shall cooperate to complete the division.
· Closing:
o Closing shall take place at the office of: Chicago Title Insurance Company
o Closing fee will be paid by the Buyer.
o Closing will be held on or before June 28, 2017
· Possession will be granted on the day of Closing.
· Each potential proposer is responsible for conducting at their own risk, their own independent inspections, investigations, and due diligence concerning the property.
o Further; Property sells AS-IS, WHERE IS and SUBJECT TO ALL FAULTS with no warranties expressed or implied
· United Country Coffey Realty & Auction and their representatives are exclusive agents of the Seller.
· Seller: Terry A. Smith, not individually but as Trustee of the Terry A. Smith Declaration of Trust Dated July 27, 1994, and Katie Marie Smith
· All announcements made up to the final close of the Auction take precedence over all advertising, oral or printed material.
· All marketing information and PIP materials were gathered from reliable sources and are believed to be correct as of the date they were published; however, neither the Seller nor Auctioneer have independently verified this information. Auction plats and drawings are not to be relied on and are for representation purposes only. Its accuracy is not warranted in any way. There is no obligation on the part of the Seller or Auctioneer to update this information.
· All capitalized terms used but not defined herein shall have the same meanings assigned to them in the Auction Marketing Agreement by and between Seller and Auctioneer, to which this Exhibit D is attached and of which it forms a part.

SALE SITE: Internet Only: www.UnitedCountryIN.com

VIEWING INSTRUCTIONS: Open House / Preview: Sunday May 21, 2017 from 12:00-3:00pm CDT

The viewing of the property will be at the viewer's own risk the Seller, neither Auctioneer nor the Listing Agency be held responsible for accidents.

For questions call Jimmie Dean Coffey at United Country Coffey Realty & Auction (812) 822-3200 office (812) 287-7016 direct line.

Bourbonnais, IL equestrian mini-farm for sale features remodeled farmhouse with 3 bedrooms, 2 baths, kitchen with appliances, carpet/laminate flooring, wood beams, crown molding, office, study, lots of natural light and plenty of elbow room. Turn-key IL farmette is divided into 3 tracts with tract #1 comprised of farmhouse and all barns on 24 acres, tract #2 is 13 acres of pasture, tillable, hay and homesite and tract #3 contains 11 acres of pasture, tillable, hay and homesite. Kankakee County, IL income acreage for sale is fully equipped with numerous outbuildings including a 2-car detached garage, 42x90 metal pole barn with concrete floor and electric, 160-foot metal barn/building with concrete floor, electric and water, U-shaped building full of horse stalls, 65x90 building, 72x70 building and 24x32, 3-sided pole building. Northeast Illinois investment property for sale contains more than 40 enclosed stalls and an additional 26 covered stalls. This horse training and boarding facility near Balmoral Park and HITS Horse Shows also offers a 200x60 riding arena with an announcer’s stand. The wide range of services and amenities of Springfield, IL, Indianapolis and St. Louis are convenient to this Illinois farm for sale. Seller: Smith | Smith Trust License: 471.012209 | 441.001374