Abingdon, IL 61410 - Knox County

Monday, November 6, 2023 - 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

Warren & Knox County, Illinois

The Cline farm is located approximately 3 miles southwest of Abingdon, IL or approximately 6 miles northwest of St. Augustine, IL. (Generally located approximately 15 miles south of Galesburg, IL.)

From Abingdon, IL (at Caseys) go west on the Berwick Road (Knox HWY 23) 2.7 miles to 175th St., then south 1.8 miles, or from St. Augustine, IL, go west on Hwy 116 approximately 2 miles to 175th Street, then north approximately 2 miles. Watch for directional signs which have been placed.

Tract 1 is further described as being located in the northeast quarter of Section 13 of Berwick Township, Warren County, Illinois. Tract 2 is further described as being located in the west of the northwest quarter of Section 18 of Indian Point Township, Knox County, Illinois.

SELLER

Virginia Lee Cline Farm

c/o F&M Bank, Division of CBI Bank & Trust

Executor of the Estate of Virginia Cline

MANAGED BY

Jim Sullivan (217) 440-8172

GENERAL INFORMATION

237.83 surveyed acres 2 tracts

TRACT INFORMATION

Tract 1 146.53 surveyed acres

FSA figures should indicate 140.83 NHEL cropland acres

Productivity Index (PI): 135.4 on tillable acres (Class A)

Soil types include highly productive Ipava, Rozetta, Clarksdale, Greenbush, and Osco

Access on the north by 100th Avenue and on the west by 175th Street.

Tract 2 91.30 surveyed acres

FSA figures should indicate 49.99 cropland acres

Productivity Index (PI): 119.9 on tillable acres

Soil types include Clarksdale, Rozetta, Hickory, and Elco

The non-cropland acres include pasture and some beautiful, wooded timber, offering outstanding hunting! This tract also has a couple older wood frame livestock barns/buildings.

Access on the north by 100th Avenue

METHOD & TERMS

The Cline farm will be sold on a price per acre basis, based on the results of a survey that has recently been completed. The tracts will be offered in numerical order - tract 1 will be sold first, followed by tract 2. 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 Wednesday, December 6, 2023.

The seller will provide title insurance in the full amount of the purchase price. Seller will retain all farm income for 2023 and pay the 2023 real estate taxes. Farm sells free and clear for 2024 farming rights. Possession at closing, subject to the current farm tenants rights for the 2023 crop year.

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, LLC pertaining to this property. Real estate is being sold AS IS.

Virginia Lee Cline Farm

c/o F&M Bank, Division of CBI Bank & Trust

Executor of the Estate of Virginia Cline

Representing Attorney:

Wayne Statham | Statham & Long, LLC, Attorneys at Law

117 E Main St #101, Galesburg, IL 61401 | (309) 341-6000

Auction Manager:

Jim Sullivan (217) 440-8172