Assumption, IL 62510 - Christian County

Thursday, November 2, 2022 - 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

Shelby County, Illinois

The Dale Donnel Trust and Imogene Donnel Trust farm is located 9 miles east of Assumption, IL or 20 miles south of Decatur, IL. The farm is further described as being located in Section 33, T13N-R3E, Pickaway Township and Sections 3, 4, 9, T12N-R3E, Ridge Township, Shelby County, Illinois.

SELLER

Dale Donnel Trust

Imogene Donnel Trust

Kenneth E. Donnel, Trustee

MANAGED BY

Kevin Haas (309) 264-7767

GENERAL INFORMATION

357.11 Taxable Acres 4 Tracts

The real estate contains a total of 357.11 taxable acres, will be sold in 4 tracts, and represents highly productive Class A soil.

Farmers and investors dont miss this opportunity!

TRACT INFORMATION

Tract 1 - 160.0 Taxable Acres

FSA figures indicate 157.96 NHEL cropland acres

Productivity Index (PI): 144

Soil types include Drummer and Flanagan

The well on this tract services the house located across the road to the south. See website for easement details.

Access along the south side from 2100N Rd and along the west side from 1400E Rd

Tract 2 - 78.5 Taxable Acres

FSA figures indicate 77.05 NHEL cropland acres

Productivity Index (PI): 143.7

Soil types include Flanagan, Drummer, and Peotone

Includes a small parking area where the concrete bin foundations are located

Access along the north side from 2100N Rd and along the west side from 1400E Rd

Tract 3 - 40.0 Taxable Acres

FSA figures indicate 40.31 NHEL cropland acres

Productivity Index (PI): 140.9

Soil types include Drummer, Raub, and Flanagan

Access along the west side from 1400E Rd

Tract 4 - 78.61 Taxable Acres

FSA map figures indicate 72.08 NHEL cropland acres

Productivity Index (PI): 140

Soil types include Flanagan, Drummer, Dana, Catlin, and Parr

Includes a small patch of mature timber in the southwest corner, which provides excellent deer hunting

Access along the east side from 1525E Rd

METHOD & TERMS

The Dale Donnel Trust and Imogene Donnel Trust farm will be sold on a price per acre basis, based on taxable acres. All 4 tracts will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect any of the tracts for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract(s) will continue to be offered Buyers Choice until all tracts have been elected. The tracts will NOT be offered in their entirety at the conclusion of the auction.

Immediately following the auction, the successful buyer 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 Friday, December 1, 2023.

The seller will provide title insurance in the full amount of the purchase price. Seller will retain all of the 2023 income and will pay all the 2023 real estate taxes, due and payable in 2024, through a credit at closing. Open lease for 2024 crop year and beyond. Possession at closing.

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.

2022 YIELDS - ALL TRACTS COMBINED

Corn 243 BPA

Beans 63.4 BPA

SOIL TEST RESULTS

Tract 1

pH - 6.15

P - 60#/A

K - 315#/A

Tract 2

pH - 6.25

P - 72#/A

K - 321#/A

Tract 3

pH - 6.4

P - 63#/A

K - 300#/A

Tract 4

pH - 6.35

P - 52#/A

K - 264#/A

REAL ESTATE TAX INFORMATION

Tract 1 - PIN 1404-33-00-300-001 - 160.0A - $9084.96

Tract 2 - PIN 1707-04-00-100-004 - 78.5A - $4329.10

Tract 3 - PIN 1707-09-00-100-001 - 40.0A - $2045.24

Tract 4 - PIN 1707-03-00-100-008 - 78.61A - $3677.82

Dale Donnel Trust

Imogene Donnel Trust

Kenneth E. Donnel, Trustee

Representing Attorney:

James M. Lestikow, Partner | Harrison LLP

2121 W. White Oaks Drive, Suite E, Springfield, IL 62704 | (217) 353-1239

Auction Manager:

Kevin Haas (309) 264-7767