Dahman Road , Franklin, IL 62638 (Morgan County)

Size: 116.39 Acres

Type: Farms and Ranches

Auction Information

Morgan County IL Farmland Auction, 116.39± Acres as 1 Tract

Pathway Services Community Room, 1905 W. Morton Ave., Jacksonville, IL

09/30/2021, 10:00 AM

116.39 Acre Farmland Auction Morgan County, Illinois

SOLD AT AUCTION FOR $16,900/ACRE! A rare opportunity in Morgan County, Illinois! This 116.39 taxable acre tract is entirely tillable with highly-productive soils resulting in an extremely strong Class A 142.6 PI rating. It is a great producer with exceptional 5-year averages of 232.56 bu/acre corn and 67.40 bu/acre beans. Recent soils tests from 2018 show strong fertility with averages of PH 6.4 P 48 K 330. This farm also is enrolled in the APEX Wind Energy project with three underground cables placed in its northern section. Subsequent future payments based on this projects output will add an additional revenue stream to the new owner. Tenancy is open for the 2022 farming season. As great as they come, dont let this farm be the one that got away!

Seller: Hobart R. Hinderliter Revocable Living Trust & Marian G. Hinderliter Revocable Living Trust

Auction Format: Traditional in-person ...

Auction Format: Traditional in-person bidding. Check website on September 27 for health and safety precautions based on most recent COVID-19 status in Morgan County.

Property Location: One-mile Northwest of Franklin in Central Morgan County, Illinois Section 23 Township 14N Range 9W

Acreage: 116.39 taxable acres; 117.78 USDA tillable acres. Tract is selling by the acre based on taxable acreage. Bidders may verify acreage to their satisfaction prior to the auction.

Access: From Dahman Road along the Southern boundary

Productivity Index Rating: 142.6

Soil Types: Ipava, Sable, Muscatune, Buckhart, Osco

Topography: Level

Parcel Numbers: 14-23-100-003 and 14-23-300-003

2020 Taxes (Payable 2021): $5,100.50

Representing Attorney: Dan Beard Bellatti Fay Bellatti & Beard LLP Jacksonville, IL 217.408.0686

Sales Terms Summary: Upon conclusion of auction, Seller and Buyer(s) shall enter into a purchase Agreement, with the Buyer(s) to pay ten percent (10%) of the purchase price as down payment. Balance due and payable on or before November 11, 2021. Possession will be given at closing. The property is free of any tenants rights for 2022. Seller will convey by Trustees Deed, and will furnish title insurance in amount of the purchase price. Seller will pay the 2021 real estate taxes payable in 2022 by giving Buyer(s) a credit against the purchase price. Procurement of financing shall be the sole responsibility of the Buyer(s) and must be obtained prior to the auction. Broker is acting as the Sellers agent for the Hobart R. Hinderliter Revocable Living Trust & Marian G. Hinderliter Revocable Living Trust and is not representing any Buyer(s). The property is being sold AS IS without representation or warranty expressed or implied. The sale is subject to Sellers approval. The property is being sold by the acre. Auctioneer reserves the right to set the bid increments. Seller is not responsible for any accidents that may occur while inspecting the property. Buyer(s) should verify the information to their satisfaction. ANNOUNCEMENTS MADE BY THE BROKER AND/OR AUCTIONEER AT THE TIME OF SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

Information contained herein was obtained from private and public sources with best efforts to express same as accurately as possible and is subject to individual verification. No liability for any inaccuracies, errors or omissions is assumed by the owners or their agents. Boundaries on maps and photos are approximate. Worrell Land Services, LLC is acting as the sellers agent.

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