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LAND AUCTION
Highly Productive – 232.95 Acres M.O.L.
Earlville, IL
Meriden Township – LaSalle County
Paw Paw Township – DeKalb County
Friday - February 25, 2011
11:00 A.M.
Auction will be held at National Bank of Earlville 137 N Main St., Earlville, IL. 60518
Description of Land
Tract #1 154.15 Acres M.O.L. of unimproved farmland with 150.5 tillable. There are 7.9 acres in the CRP Program and the contract payment is $1,288.00. The contract expires 2012. There is another 5 acres in the CRP Program and the contract payment is $1,235.00. The contract expires in 2019.
Soil Types: Sable, Drummer, Elburn, Plano, Muscatune & Ross. This farm is situated in Meridan Township, Sections 23 & 26, part of SW ¼ Section 23 and part of NW ¼ Section 26, T36N-R2E. Located 2.5 miles west of Earlville on US Rt. 34 with road frontage on US Rt. 34.
Tract #2 3 Acres M.O.L. Farmette. Improvements include: 2 story home, 3 bedrooms, 1.5 bath, kitchen, dining room, living room, sun room, full basement, central air conditioning, propane heat and a 2 car unattached garage. There are also 2 machine sheds, 30 x 60 and 30 x 36. This farmette is in a great location with mature shade trees. Located at 1012 E. US Rt. 34, Earlville, IL. This tract will be sold by the total dollar bid and subject to the lease rights of the current tenant. 2011 Real Estate taxes for this tract will be pro-rated.
Tract #3 Combination of Tracts 1 & 2. 157.15 Acres M.O.L. with 150.5 tillable acres. ***SOLD** $7,425.00 per acre
Parcel # 02-26-103-000, #02-23-3000-000. Taxes $7,487.00
Tract #4 65.98 Acres M.O.L of unimproved farmland with 61.98 tillable acres. Soil Types: LaRose, Flanagan, Catlin, Parr, Wingate, Danabrook, & Otter. This farm is situated in Paw paw Township, Section 19, part of NE ¼ Section 19, T37N-R3E. Located .2 miles west of Rollo on Suydam Rd., to Whitman Rd. then continue west 1 mile to farm. This tract has road frontage on Whitman Rd. and Goble Rd. Parcel #16-19-200-004. Taxes $942.84. **SOLD**$7,300.00 per acre
Tract #5 9.82 Acres M.O.L with 3.85 tillable acres. Soil Types: Herbert, Mayville, Wingate, Kidami & Orthents. This farm is situated in Paw Paw Township Section 19, part of the NW ¼. T37N-R3E. Located a ½ mile west of Tract #4 on Whitney Rd to E. Paw paw Rd., then south .1 mile to land. There is road frontage on E. Paw Paw Rd. There is a small cemetery and a dug well on this property.**SOLD** $3,700.00 per acre
All Tracts will be surveyed prior to Auction. Bidding will be on a per acre basis multiplied by the number of surveyed acres. The purchase price will relate to the parcel as a whole. The successful Buyer will be required to put down10% day of auction and execute a contract for the purchase of the real estate under the terms and conditions specified herein. The earnest money should be in the form of a personal check or cashier’s check. The balance of the purchase price will be due at closing to be held on or before March 25, 2011. Seller will provide Buyer with an Owner’s Title Insurance Policy in the amount of the purchase price and will provide a Deed conveying the Farmland to the Buyer. Seller will pay the 2010 taxes due in 2011 and any subsequent taxes will be the responsibility of the Buyer. The farm land will be available for the 2011 crop year. Seller reserves the right to accept or reject any or all bids. The successful bidder will assume and complete any CRP contracts pertaining to each tract.
Disclaimer and Absence of Warranties: All information contained herein and all related materials are subject to the terms and conditions outlined in the Contract to purchase. Announcements made by the auctioneer at the time of auction and during the sale will take precedence over any prior printed material or oral statements. The property is being sold on an “as is, where is” basis, and no warranty or representation, either expressed or implied, concerning the property is made by the seller or the auction company. Information contained herein is believed accurate, but subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by Seller or the auctioneer. Conduct at the auction and increments of bidding are at the discretion and direction of the auctioneer.
For more information, call for a brochure or visit http://www.espeauctions.com/.
Arthur Frank Cook Exemption Trust and the Marjorie M. Cook
Survivors Trust - Owners
Attorney for Seller – George Hennenfent 309-426-2176
ESPE AUCTIONEERING
ELBURN, IL
Mike Espe Lic. # 440.000424 630-365-9838
Chris Wegener Lic. #440.000267 815-451-2820
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Disclaimer and Absence of Warranties: All information contained herein and all related materials are subject to the terms and conditions outlined in the Contract to purchase. Announcements made by the auctioneer at the time of auction and during the sale will take precedence over any prior printed material or oral statements. The property is being sold on an “as is, where is” basis, and no warranty or representation, either expressed or implied, concerning the property is made by the seller or the auction company. Information contained herein is believed accurate, but subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by Seller or the auctioneer. Conduct at the auction and increments of bidding are at the discretion and direction of the auctioneer.