Liberty, IL 62347 - Adams County

ADAMS COUNTY, IL LAND AUCTION - WORLEY

Thursday, October 31, 2024 - 10:00 AM Central

Auction to be conducted as a virtual, online auction. If you need assistance with internet bidding, please contact our office at (844) 847-2161

LOCATION

Adams County, Illinois

The Worley farms are located south of Liberty, IL near the small village of Richfield. Tract 1 is located east of Richfield in Section 14 & Tract 2 is located west of Richfield in Section 18, both in T3S - R6W, Richfield Township, Adams County, Illinois.

SELLER

Iola M. Worley Estate

Carolyn Oitker & Debra Reynolds - Co-Executors

MANAGED BY

Rodney Borrowman (630) 247-0667

John Borrowman (217) 430-0645

Michael Sullivan (309) 333-0916

GENERAL INFORMATION

196.31 taxable acres 2 tracts

Both tracts represent a combination of tillable farmland and premier hunting/recreational land in a highly sought after area in southern Adams County, IL.

TRACT INFORMATION

Tract 1 - 115 acres (subject to survey)

FSA figures indicate 74.21 acres of cropland

The balance is in timber & draws which represent excellent hunting/recreational opportunities

Several areas for potential food plots

Productivity Index (PI): 106.5 (cropland)

Soil types include Winfield, Keomah, El Dara & Bunkum

Access is along the west side by E 2300th St., along the north side by N 363rd Ln & along the east side by E 2350th St.

Tract 2 - 81.31 taxable acres

FSA figures indicate 53.82 acres of cropland

The balance is in timber & draws which represent excellent hunting/recreational opportunities

Several areas for potential food plots

Productivity Index (PI): 109.3 (cropland)

Soil types include Winfield, El Dara, Bunkum, Marseilles & Wirt

Access is along the north side by N 400th Ave. & along the west side by E 1960th Pl

METHOD & TERMS

Both tracts will be sold on a price per acre basis and offered through the marketing method of Buyers Choice, whereas the high bidder can elect either tract for their high bid. If the high bidder does not elect both tracts for their high bid, the remaining tract will be sold. The tracts will NOT be offered in their entirety at the conclusion of the auction.

Immediately following the auction, the successful buyer(s) will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing which will take place on or before Monday, December 2, 2024.

The seller will provide title insurance in the full amount of the purchase price and pay the 2024 real estate taxes. Possession will be given at the time of closing subject to an existing farm lease for the 2024 crop year. Both tracts sell free and clear for 2025 farming rights. Full hunting rights will convey with both tracts.

Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property. All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers, a BigIron Company pertaining to this property. Real estate is being sold AS IS.

Iola M. Worley Estate

Carolyn Oitker & Debra Reynolds - Co-Executors

Representing Attorney:

James Rapp | Schmiedeskamp Robertson Neu & Mitchell LLP

525 Jersey St, Quincy, IL 62301 | (217) 223-3030

Auction Managers:

Rodney Borrowman (630) 247-0667

John Borrowman (217) 430-0645

Michael Sullivan (309) 333-0916