Illinois land auction brochure

LAND AUCTION

432± Total WEDNESDAY, APRIL 2ND AT 10:00 AM Acres Selling in 7 Tracts Sangamon & Morgan County, IL Sells With Full Possession For 2014 Crop Year

Lowder Farm

Wemple Farm

220± Acres, Tract 1 - Tract 4

212± Acres, Tract 5 – Tract 7

Located West of Lowder on Thayer Road

Located North of Waverly on Pleasant Valley Road

Highly Productive Tillable Land Mostly Virden & Ipava Soils

Highly Productive Tillable Land Mostly Osco, Ipava & Muscatune Soils

Auction held at the

Waverly American Legion 136 E. State St. Waverly, IL 62692

iAuctionandRealty.com

(217) 214-2752

Jason L. Wallingford Managing Broker/Auctioneer See website for complete details.

Lowder Farm 220± Acres, Tract 1 - Tract 4 Highly Productive Class A Soils

Soil Map Soil Map

State: County: Location: Township: Acres: Date:

Illinois Sangamon 27-13N-7W Talkington 220.16 2/21/2014

Soils data provided by USDA and NRCS.

Code Soil Description

Acres

50A

Virden silty clay loam, 0 to 2 percent slopes

148.80

67.6%

IIw

43A

Ipava silt loam, 0 to 2 percent slopes

48.87

22.2%

I

14.50

6.6%

7.99

3.6%

138A Shiloh silty clay loam, 0 to 2 percent slopes 705B Buckhart silt loam, 2 to 5 percent slopes

Percent of Non-Irr Class field Legend

Non-Irr Class

Corn Grass legume hay

Grass legume pasture

Oat s

Soybeans

Winter wheat

164

4.8

7

84

53

64

IIw

158

4.9

7.2

79

52

62

IIe

169

6.6

9.2

89

54

66

Weighted Average 127.4

3.8

5.5 65.2

41.2

49.7

Area Symbol: IL167, Soil Area Version: 6, Established: 12/08/2013 01:30:43 AM

Field borders provided by Farm Service Agency as of 5/21/2008. Aerial photography provided by Aerial Photography Field Office.

Tract 1 - 55± Acres Tract 2 - 65± Acres Tract 3 - 55± Acres Tract 4 - 45± Acres with Grain Bins

Wemple Farm 212± Acres, Tract 5 – Tract 7 Highly Productive Soils

Soil MapSoil Map

State: County: Location: Township: Acres: Date:

Illinois Morgan 35-14N-8W Waverly No. 2 204.17 2/25/2014

Soils data provided by USDA and NRCS.

Code

Soil Description

86B

Osco silt loam, 2 to 5 percent slopes

Acres Percent of field 86.67

42.4%

Non-Irr Class Non-Irr Legend Class

Corn Grass legume hay

IIe

Grass legume pasture

Oat s

Soybeans

Winter wheat

170

6.2

9

91

53

67

5.4

7.8

93

56

67

43A

Ipava silt loam, 0 to 2 percent slopes

56.60

27.7%

I

51B

Muscatune silt loam, 2 to 5 percent slopes

14.62

7.2%

IIe

178

86C2

Osco silt loam, 5 to 10 percent slopes, eroded

13.83

6.8%

IIIe

167

6

8.8

89

52

66

86B

Osco silt loam, 2 to 5 percent slopes

11.81

5.8%

IIe

170

6.2

9

91

53

67

50A

Virden silty clay loam, 0 to 2 percent slopes

9.49

4.6%

IIw

164

4.8

7

84

53

64

86C2

Osco silt loam, 5 to 10 percent slopes, eroded

4.91

2.4%

IIIe

167

6

8.8

89

52

66

3107A Sawmill silty clay loam, 0 to 2 percent slopes, frequently flooded

2.29

1.1%

IIIw

153

4.7

6.9

78

49

58

43A

Ipava silt loam, 0 to 2 percent slopes

1.50

0.7%

I

705B

Buckhart silt loam, 2 to 5 percent slopes

1.23

0.6%

IIe

169

6.6

9.2

89

54

66

127C2 Harrison silt loam, 5 to 10 percent slopes, eroded

0.86

0.4%

IIIe

150

4.8

7.1

78

47

59

68A

0.24

0.1%

IIw

173

5.2

7.7

89

57

67

0.12

0.1%

IIIw

153

4.7

6.9

78

49

58

Weighted Average 121.4

4.3

6.2 64.5

38

47.6

Sable silty clay loam, 0 to 2 percent slopes

3107A Sawmill silty clay loam, 0 to 2 percent slopes, frequently flooded

Area Symbol: IL137, Soil Area Version: 4, Established: 12/13/2013 12:42:51 PM Area Symbol: IL167, Soil Area Version: 6, Established: 12/08/2013 01:30:43 AM

Field borders provided by Farm Service Agency as of 5/21/2008. Aerial photography provided by Aerial Photography Field Office.

Tract 5 - 55± Acres Tract 6 - 70± Acres with Grain Bins Tract 7 - 87± Acres

TERMS & CONDITIONS PROCEDURE: Tracts 1 through 7 will be offered “Buyer’s Choice” whereas the high bidder can purchase (in any order) any or all of Tracts 1 through 7 for their high bid (price per acre basis). “Buyer’s Choice” auctioning will continue until all of Tracts 1 through 7 has been purchased.

BUYERS PREMIUM: A 2% buyer premium will be added to the high bid to equal the final contract price for a tract(s).

DOWN PAYMENT: A 10% down payment of the total contract purchase price will be due immediately after being declared the buyer. The down payment may be paid in the form of personal check, business check, or cashier’s check. The balance of the contract purchase price is due at closing. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING. POSSESSION: Possession will be given at closing, subject to the remaining rights of the current tenant, if any.

ACCEPTANCE OF BID PRICES: All successful bidders will sign an Agreement to Purchase at the auction site immediately following the close of bidding. All final bid prices are subject to approval or rejection by Seller.

CLOSING: Closing shall occur within 30 days or as soon thereafter as applicable closing documents are completed.

TITLE: Seller shall furnish the buyer(s) at Seller’s expense an Owner’s Policy of Title Insurance in the amount of the purchase price, and agrees to provide and execute a proper deed conveying merchantable title to the real estate to the buyer(s).

REAL ESTATE TAXES: Seller shall pay 2013 and all prior year real estate taxes. 2014 real estate taxes will be ProRated to the day of closing.

SURVEY: AT SELLER’S OPTION, the Seller shall provide a new survey where there is no existing legal description sufficient to convey title.

All announcements made sale day take precedence over prior advertising either written or oral. The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property. Real estate is being sold “As Is, Where Is”.

iAuctionandRealty.com

(217) 214-2752

Jason L. Wallingford Managing Broker/Auctioneer 520 N. 30th, Ste. 19, Quincy, IL 62301