Durand, IL 61024 - Winnebago County

LOCATION

Winnebago County, Illinois

SELLER

SMJ Family Farms, LLC

MANAGED BY

Dale Jones (309) 299-6400

REPRESENTING ATTORNEY

Shockey & Cox Law Offices LLC | David Shockey

208 W. Stephenson St. | Freeport, IL 61032

Phone: (815) 235-2507

LOCATION & GENERAL INFORMATION

The SMJ Family Farms land is located approximately 3 miles south of Durand, Illinois and is further described as being located in Section 35, T28NR10E, Durand Township, Winnebago County, Illinois. The farm represents productive tillable farmland which has been in the same family for nearly 100 years.

TRACT INFORMATION

FSA figures indicate 74.16 acres of cropland.

Productivity Index Rating (PI): 124.8

Productive soil types include Fayette, Sable, Greenbush, Stronghurst, Comfrey, Rozetta & Lawson

Some field tile (Contact auction manager for details and yield history)

Balance of the farm represents waterways and some timber/brush which could be cleaned up to add more tillable acres.

Access is along the south side by IL Hwy 70 (Trask Bridge Road) and along the east side by Leech Road.

METHOD & TERMS

The real estate will be sold on a price per acre basis, based on the taxable acres.

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 Thursday, May 12, 2022. The seller will provide title insurance in the full amount of the purchase price and pay the 2021 real estate taxes, due and payable in 2022. Full possession will be given at closing subject to a current cash rent lease for the 2022 crop year only - contact auction company for details.

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.