Oakford, IL 62673(Menard County)

The real estate contains a total of approximately 88 acres and will be sold in 2 tracts. Tract 1 contains 50 acres (subject to survey) and represents a combination of highly productive, tillable cropland as well as wooded acres with outdoors recreational opportunities; Tract 2 contains 38 acres (subject to survey) and represents mostly rolling open pasture land with wooded draws as well as a small tillable field.

Mr. Lynns ancestors first settled this land in the early 1830s. The property contains the historic Shick Shack Hill which is believed to be named for a Pottawatomie chief who resided in the area. Local lore also has it that Abraham Lincoln met the chief and spent time with the descendants of the Lynn family while he was surveying the area.

Farmers, investors and outdoor enthusiasts, be sure to check out this historic property which offers something for everyone.

TRACT INFORMATION

Tract 1 - 50 Acres (subject to survey)

FSA records indicate 27.05 NHEL cropland acres

Productivity Index (PI) on cropland acres: 135.2 (Class A)

Soil types include Littleton and Worthen

Balance of the acres is wooded which offers outdoor recreational opportunities as well as home building sites

Access in the northeast corner off Lynn Road and along the west side by Dirks Road

Tract 2 - 38 Acres (subject to survey)

Nearly all rolling pasture land with wooded draws

FSA records indicate there is a small field containing 0.84 cropland acres

Productivity Index (PI) of 77.3 with Bloomfield Sand and Plainville Sand soils

Includes the historic Shick Shack Hill as well as another natural knob

Excellent historical and recreational tract which also offers several nice home building sites

Access in the northwest corner off Lynn Road and along the east side by Lynn Road

METHOD & TERMS

Both tracts will be sold on a price per acre basis based on the final surveyed acres and offered through the marketing method of Buyers Choice, whereas the high bidder can elect either or both tracts (in any order) for their high bid. If the high bidder elects only one of the tracts, then the remaining tract will be sold. The tracts will NOT be offered together at the conclusion of the auction.

Immediately following the auction, the successful buyer(s) will be required to enter into a written real estate sales contract with the seller and pay ten percent (10%) of the bid price as a non-refundable down payment which will be held in escrow until the time of closing. The balance of the bid price will be due at closing, on or before May 13, 2022. Bidding is NOT subject to any contingencies, including but not limited to financing, appraisal, or inspection. 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. Buyer to pay all of the 2022 real estate taxes due in 2023. Access to the tracts is by way of recorded easements providing access to Tracts 1 and 2 and to the residence owned by a third party. Possession will be given at the time of closing, subject to a cash rent lease for the 2022 crop year only - the buyer will receive 100% of the cash rent income (contact auction company for details).

All announcements made sale day take precedence over any prior advertising either written or oral. The information in our brochure, on our website and in our advertisements 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 all information to their satisfaction. There are no expressed or implied warranties pertaining to the property and the real estate is being sold As Is.

Larry Lynn - Seller

Representing Attorney:

Jerry Tice

Grosboll, Tice, Barr & Courtney

101 E. Douglas Ave. | Petersburg, IL 62675 | (217) 632 2282

Auction Manager: John Sullivan (309) 221-6700