78.34 ACRES M.O.L. FARMLAND
SATURDAY- NOVEMBER 10, 2012
10:00 A.M.
THE UNDERSIGNED WILL OFFER THE FOLLOWING TRACT AT PUBLIC AUCTION AT THE MANLIUS SPORTSMANS CLUB, EAST MAPLE STREET MANLIUS, IL 61338.
The farm is located approximately 1 Mile North and .75 Miles West of Thomas, Illinois or 3 Miles South and .75 Miles East of Yorktown, Illinois located on 125 East Street. The USDA classifies 76.8 acres of the 78.34 acres mol as tillable. Soils on the subject property consist of 564A Waukegan Silt Loam, 488 Hooppole Loam, 200A Orio Loam, 125A Selma Loam and 564B2 Waukegan Silt Loam. The Productivity index based on Optimum Crop Productivity for Illinois Soil is 118.6. The farm is level to nearly level and well drained.
TRACT I: The property is described as the SW of the SE and the SE1/4 of the SW1/4(Excepting out 1.66 acres mol in the NW Corner ) located in Section 20, T18N, R6E of the 4th P.M. Bureau County, Illinois. This parcel is approximately 98% tillable. 2011 Real Estate taxes were $1017.20. PPN# 01-20-300-005.
SELLER:MARGARET E. JOHNSON ESTATE
Robert J. Doty Executor
Attorney for the Seller: John Isaacson
Angel, Isaacson & Tracy
111 Park Avenue East Princeton, IL 61356 (815) 875-6551
TERMS OF THE SALE
The farm will be sold on a dollar per acre basis based on 78.34 acres. The successful bidder will be required to pay ten percent (10%) down the day of the auction and the balance will be due on or before December 14, 2012. Taxes for the year of 2012 payable 2013 will be credited to the buyer at closing based on the latest available information. The 2013 and all subsequent taxes will be assumed by the new owner. The farm will be sold subject to the 2012 lease which ends on March 1, 2013. A title policy in the amount of the purchase price, subject to standard and usual exceptions, will be furnished to the buyer at closing. All announcements made day of sale take precedence over previous advertised or announced terms and/or conditions. Seller has the right to accept or reject any and all bids. 1031 Investors are welcomed.
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