Online Auction , Gillespie, IL 62033(Macoupin County)

TRACT INFORMATION

Tract 1 - 90 Taxable Acres

FSA records indicate 89.87 NHEL cropland acres

Productivity Index: 130.3 (tillable acres)

Soil types include: Virden, Herrick-Biddle-Piasa and Herrick

Nearly 100% tillable

Waterway to provide excellent drainage

Small shed and 2 wells

Access along the south side from Honey Creek Road.

METHOD & TERMS

The Land Trust 407 farm will be sold on a price per acre basis, based on 90 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 April 3, 2023. Seller will provide title insurance in the full amount of the purchase price and pay the 2022 real estate taxes, due and payable in 2023. The buyer will be responsible for the 2023 and all subsequent real estate taxes. Possession will be given at the time of closing. The farm sells subject to a crop lease agreement through 12/30/2023 (contact auction manager 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 on 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.