Streator, IL 61364(LaSalle County)

METHOD & TERMS

The MKM Oil farm will be sold on a price per acre basis, based on 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 Friday, October 6, 2023.

The seller will provide title insurance in the full amount of the purchase price. Seller will receive all the 2023 cash rent 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, subject to an existing cash rent lease for the 2023 crop year.

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.

REAL ESTATE TAX INFORMATION

PIN 31-33-306-000 - 40.23A - $2701.84

PIN 31-33-307-000 - 40.23A - $2830.64

MKM Oil Inc.

Representing Attorney:

Larry Wharrie | The Wharrie Law Firm

105 South Broadway Street, Coal City, IL 60416 | (815) 634-8990

Auction Manager:

Kevin Haas (309) 264-7767