542 Acre L and Auction

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1 542 Acre L and Auction ± The Syz Estate Farms Wednesday, October 30, 2013 at 10:00 AM The American Legion 500 Depot Street, Mazon, IL We Plant Profitable Investment Ideas In Every Season 2020 Aberdeen Court Sycamore, IL Web: info@mgw.us.com Phone: (815) Fax: (815)

2 The Syz Estate Farms A premium quality Grundy County farm Excellent quality cropland Offered in 7 tracts

3 Subject Soils Map Highly productive soils Subject Tract #1 152A Drummer silty clay loam , A Brenton silt loam , A Starks silt loam Tract #2 152A Drummer silty clay loam , A Brenton silt loam , A Chenoa silty clay loam ,310 Tract #3 152A Drummer silty clay loam , A Chenoa silty clay loam , B Symerton silt loam Tract #5 152A Drummer silty clay loam , A Elliott silt loam , B2 Varna silt loam Tract #6 152A Drummer silty clay loam ,476 Tract #7 146A Elliott silt loam , A Ashkum silty clay loam , B2 Varna silt loam A Peotone silty clay loam , A Drummer silty clay loam B Elliott silt loam C3 Varna silty clay loam *Figures taken from the University of Illinois Bulletin 811, Optimum Crop Productivity Ratings for Illinois Soils. Location The subject farm is located approximately 54 miles southwest of Chicago O Hare International Airport. Nearby towns include: Mazon (3 miles south), Seneca (4 miles northwest), and Morris (4¼ miles north). Road Frontage There is approximately ¼ mile of road frontage on N. Dwight Road, 7/ 16 mile on Buffalo Road, ⅝ mile on Baker Road, and 1 mile on O Malley Road. We Plant Profitable Investment Ideas In Every Season Real Estate Auctions Farm & Property Management Appraisals

4 542 Acre L a nd Auction ± Wednesday, October 30, 2013 at 10:00 AM Held at The American Legion 500 Depot Street, Mazon, IL Auction Tract Est. Total Acres Est. Tillable Acres n/a Tract and Acreage Table The property is 98% tillable and the topography is level. October S M T W T F S Excellent quality cropland 531 tillable acres Offered in 7 tracts Please contact Martin, Goodrich & Waddell, Inc. to receive a detailed brochure, which includes additional farm details and FSA information.

5 The Sy z Estate Farms Inspection Dates: October 15, 4:00-5:00 PM October 18, 1:00-2:00 PM Inspection Location: Tract 4 Directions To the Auction: The auction will be held at the Mazon American Legion. Depot Street is 0.3 miles west of the intersection of Illinois Route 47 and North Street. Travel south 0.1 miles on Depot Street to the auction site. To the Farm: The properties are located west of Illinois Route 47, three miles north of Mazon and 4¼ miles south of Morris. 4 miles south of Morris, IL Auction Terms & Conditions Description of Property: Part of the North Half of Section 6 & the North Half of the Northwest Quarter of Section 5, Township 32 North Range 7 East (Mazon Township), Part of the Southeast Quarter of Section 32 & the North Half of the Southwest Quarter of Section 33, Township 33 North Range 7 East (Wauponsee Township), Part of the South Half of the Southeast Quarter of Section 3 & Part of the South Half of the Southwest Quarter of Section 2 & the Northwest Quarter of the Northwest Quarter of Section 11, Township 32 North Range 6 East (Vienna Township), in, consisting of 542 acres more or less. Agency: Martin, Goodrich & Waddell, Inc. and its representatives are agents of the owner. Method: The farm will be offered in seven tracts. Bidding will be on a per acre basis, multiplied by the number of acres as determined by a survey. All successful bidders will enter into a purchase agreement with the seller immediately following the auction. The seller reserves the right to accept or reject any or all bids. Earnest Money Escrow: The successful bidder as determined by the auctioneer is required to make a 10% down payment of the accepted bid price on the day of auction with the balance due at closing. Bidding is not conditional upon financing. Payment shall be in the form of a personal check or cashier s check. Closing & Possession: Closing shall be on or before November 29, The purchase agreement is between the seller and buyer only, and cannot be assigned to a third party without the written consent of the seller. Possession is subject to the rights of any tenants in possession. Real Estate Taxes: The 2013 real estate taxes and special assessments due and payable in 2014 shall be paid by the seller. All subsequent year taxes shall be the responsibility of the buyer. Crops & Expenses: Seller shall retain the landlord share for the 2013 crop year. Conveyance: At closing, seller shall convey and transfer the property to buyer by warranty deed, appropriate assignment, land trust, or other similar acceptable instrument of conveyance. At the same time, the balance of the purchase price then due shall be paid and all documents relative to the transaction shall be signed and delivered. Title Evidence: At closing, seller shall furnish a commitment and Owner s Title Guaranty Policy for the amount of the purchase price at the seller s expense. Survey: Seller shall secure a boundary survey by a licensed land surveyor at the seller s expense, dated no more than six months prior to closing. Final purchase price will be based upon surveyed acres. Mineral Rights: The buyer will receive and the seller will convey all mineral rights that the seller owns relating to the property. Disclaimer & Absence of Warranties: Announcements made the day of the auction supersede any previously made statements or material provided, whether printed or oral. Information contained in this brochure is subject to the terms and conditions of the purchase agreement between the seller and buyer. All maps, data, acreages, and images in this brochure are approximate, and no liability for its accuracy is assumed by the seller or seller s agent. The buyer shall be responsible for conducting their own independent inspection and due diligence concerning the property. The property is being sold as is and where is with no warranty or representation, either expressed or implied, concerning the property is made by the seller or seller s agent. The auctioneer reserves the right to make final decisions on auction conduct and bidding increments. Disclosure: Some photos in this brochure may be stock photography and are for illustrative purposes only. Owner: Marion B. Syz Estate Martin, Goodrich & Waddell, Inc Aberdeen Court Sycamore, IL Web: info@mgw.us.com Phone: (815) Fax: (815) Mark T. Mommsen ALC, AARE Jeff Waddell President

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