179 +/- ACRES

WAYNE COUNTY LAND OFFERED IN 3 TRACTS

OCTOBER 14^th 2019 @ 10 AM

SELLERS: GILL FARMS INC. & PHYLLIS GILL TRUST

DIRECTIONS: SOUTH OF CLAY CITY, IL ON THE BIG FOUR ROAD GO APPROX. 10 MILES TO COUNTY ROAD 1975 N & TURN EAST, GO APPROX. ¾ MILES TO

SUBJECT PROPERTY.  SIGNS WILL BE POSTED. ALL ANNOUNCEMENTS AUCTION DAY TAKES PRECEDENCE OVER PRINTED MATERIAL.

AUCTION TO BE HELD ON LOCATION

TRACT 1 – 80 +/- ACRES

73.91 +/- ACRES TILLABLE

TRACT 2 – 40 +/- ACRES

37.3 +/- ACRES TILLABLE – CURRENTLY IN PASTURE

TRACT 3 – 59 +/- ACRES

48.56 +/- ACRES TILLABLE – CURRENTLY IN PASTURE

AUCTIONEER’S NOTES

Tracts are in Elm River Township. Tract 2 includes a cattle barn.  Your attendance is always appreciated.

Terms and Conditions

10% down will be required on the day of auction and the balance will be due at closing.    All successful bidders will be required to enter into a purchase agreement at the auction site. Buyer will receive all the sellers’ interest in the mineral rights. Seller will retain the proceeds of the 2019 crop year. Closing will be approximately 45 days.  The auction is offered with reserve and is subject to seller confirmation.  Earnest money is non-refundable and will be forfeited if buyer fails to close and complete the contract.

Absence of Warranties and Disclaimer

All information contained in this brochure, and related marketing materials, are subject to the terms and conditions contained in the Purchase Contract and Addendums.  The property is being sold “As Is, Where Is”, and no warranty or representation either expressed or implied, concerning the property is made by the Seller or Auction Company.  All acreages are approximate.  Each bidder is responsible to perform their own due diligence concerning the property.  Conducting the auction and increments of bidding are at the direction and discretion of the auctioneer.  The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the persons’ fitness or credentials.  All decisions of the Auctioneer are final and ANY AND ALL ANNOUNCEMENTS MADE DAY OF THE AUCTION TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.