Pleasant Hill, IL 62366 - Pike County

Carolyn J. Ionson Farm

300 acres +/- Located in sections 11 & 12, Atlas (E) Township, Pike County, Illinois, selling in 5

Tracts

Auction Date & Location:

10:00am Tuesday, November 30, 2021 located at The Red Barn, 500 Piper Ln., Pittsfield, IL

Representing Attorney:

Ron Hoskin, Lowry & Hoskin LLP

130 S. Madison St., Pittsfield, IL 62363

Title work to be completed by:

Western Illinois Title Services, LLC

130 S. Madison St., Pittsfield, IL 62363

Tract Information:

Tract 1: 36 acres +/- (SUBJECT TO SURVEY)

-Approximately 35 acres of highly productive tillable land in a corn/soybean rotation

-PI Rating of cropland: 126.2

-Soil types include, Downsouth, Wakenda, and Menfro

-Access at NE corner at existing farm entrance, along US Highway 54.

-Contiguous with Tract 2

Tract 2: 62 acres +/- (SUBJECT TO SURVEY)

-FSA indicates 12.42 acres CRP earning $1,877/yr expiring 9/30/30

-Approximately 43 acres of fenced, actively used pasture.

-FSA indicates an additional 5.34 acres of potential tillable acreage inside the fenced area

-Excellent hunting opportunities if buyer wanted to convert from pasture.

-Access entering off US Highway 54, along a 30 roadway laying along north line of Tract 1

-Adjoining Tracts 1, 3, & 5

Tract 3: 100 acres +/- (SUBJECT TO SURVEY)

-FSA indicates 21.12 acres CRP earning $3,732/yr expiring 9/30/30

-Approximately 69 acres of excellent tillable in a corn/soybean rotation

-PI Rating of cropland: 115.3

-Balance of acreage in timber & brush

- Access at NW corner from 207th Ave.

-Adjoining Tracts 2 & 5

Tract 4: 20 acres +/- (SUBJECT TO SURVEY)

-FSA indicates 5.62 acres CRP earning $892/yr expiring 9/30/30

-FSA also indicates 8.9 acres of productive tillable acres

-PI Rating of cropland: 113.5

-Balance of acreage in timber, brush, small creek

-Excellent hunting property or homesite

-Access along 316th St. on west, or 207th Ave. on north

Tract 5: 80 acres +/- (SUBJECT TO SURVEY)

-FSA indicates 12.54 acres CRP earning $2,267/yr expiring 9/30/30

-Approximately 21 acres tillable

-PI Rating of cropland: 111.7

-Balance of acreage in timber & brush with excellent hunting opportunities

-Access entering off Jim Town Hollow Rd. via a deeded easement road

-Adjoining Tracts 2 & 3

Auction Method:

All 5 tracts will be offered in the method of Buyers Choice, where, upon winning the highest bid, each

buyer can select any or all of the 5 tracts in any order. If all tracts are not selected, auction will continue

until each tract has been sold to the highest bidder. The tracts will not be offered in their entirety, or

any combination of tracts, at the end of the sale. Final acreages for each tract will be determined by

survey to be completed prior to closing. Final purchase prices will be based on those surveyed acreages.

Terms of Sale:

This is an ABSOLUTE SALE. Immediately after the conclusion of the auction, Buyers will enter into a

written purchase agreement with the seller, and will put 10% non-refundable earnest money as a down

payment, with the balance being due in full on the date of closing, on or before Thursday, December 30,

2021.

Sellers are responsible for providing title insurance and a clean, merchantable title, and warranty deed

to be conveyed to Buyer upon closing. The 2021 real estate taxes will be the responsibility of the seller,

with Buyer receiving credit at closing for the estimated amount of those taxes. Moving forward, Buyer

will be responsible to pay all subsequent tax bills issued for the tract being purchased. Possession to

Buyer conveys at closing, along with all tenants rights for 2022.

The bidding is not subject to financing, appraisals, or inspections of the property. All information

presented in relation to the subject property including, but not limited to the details, acreages, maps,

photos are deemed accurate, but are not warranted. Each tract is being sold as is. All announcements

on day of sale will take precedence over any previous advertising.