REAL ESTATE AUCTION – 100 +/- Acres

REAL ESTATE AUCTION

100 +/-  Acres in RICHLAND COUNTY – Decker Township

Monday, November 18th at 6:00 PM

Sellers: Teddy J. & Patsy Totten Heirs

Auction Location: Noble Lions Club, 112 W South Avenue, Noble, IL 62868

Location of Property: For Tracts 2 – 4, from Olney, IL go west on Rt 50 to Higgin Switch Road & turn south then go approx. 2 miles. All tracts have blacktop frontage. To Tract 1, continue south on Higgin Switch Rd & turn west on Elbow Lane then turn south on Ridge Road & go ¾ mile to subject property on the right. Signs will be posted.

Terms and Conditions

A down payment of 5% 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. Buyers will receive possession of property at closing. 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. The buyers will receive all the sellers’ interest in the mineral rights.

Tract 1: 20 +/- Acres  Approximately 9.86 tillable acres

Tract 2: 52 +/- Acres  Approximately 41.95 tillable acres

Tract 3: 18 +/- Acres  Approximately 10.86 tillable acres

Tract 4: 10 +/- Acres  Approximately 8.57 tillable acres

FSA Information:

Tract 1  PLC Yield: Corn 109   Soybeans 25   Wheat 43  and   Base:  Corn 4.40   Soybeans 4.10   Wheat 2.00

Tract 2   PLC Yield: Corn 109   Soybeans 25   Wheat 43 and   Base:  Corn 19.10   Soybeans 14.70   Wheat 8.80

Tract 3 & 4   PLC Yield: Corn 109   Soybeans 25   Wheat 43  and  Base:  Corn 8.00   Soybeans 7.40   Wheat 3.70

Auctioneer’s Notes

These tracts represent a unique opportunity to build a dream home/getaway or add to your farm operations. Your attendance is always appreciated.

Absence of Warranties & Disclaimer

The property is being sold “As 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 & all announcements made day of the auction take precedence over printed material or any other oral statements made.

MARK ROTHROCK, AUCTIONEER/MANAGING BROKER   Ph# 618.839.5363

ALEXIS MCFARLAND, AUCTIONEER      JOHN MCFARLAND, AUCTIONEER

6088 E WAYNE LANE, PARKERSBURG, IL 62452

LICENSE # 444000369 BROKER # 471003760