Public Land Auction 405.37 Acres MOL within the city limits of LaSalle 4 Tracts Tracts 1, 2 and 3 are zoned R-1 Residential. Tract 4 is zoned M-1 Light Industrial. Thursday, July 7 th, 2011 10:00 a.m. A u c t i o n t o b e c o n d u c t e d a t S e n i c a s O a k R i d g e B a n q u e t F a c i l i t y Directions to Auction: 2 miles West of Route 178 on Route 6 Directions to the property: Tracts 1, 2, and 3 are 3 miles Northwest of Utica & 2 miles West of the I-80 & Route 178 intersection. Tract 4 is ¾ of a mile South of the I-80 & I-39 interstection with frontage on E 5 th Road and I-39. Description of property: Tract 1 188.63 acres located in the N ½ of Section 6, Utica Twp with predominately tillable acres. There is ¾ of a mile frontage road and I-80 along the Northern boundary and E 6 th Road along the West Tract 2 118.76 acres in Section 6 with a small amount of tillable, 2 large ponds and a watershed area,** ideal for a subdivision**, utilities to property Tract 3-71.01 acres in the South ½ of Section 6 with predominately tillable acres, utilities to the property Tract 4 27 acres MOL located in the SW ¼ of Section 1 LaSalle Twp with approximately 26.48 tillable acres with frontage on E 5 th Road and I-39. Predominate soil is Cantlin Taxes: To be determined Auctioneers Note: This is an excellent income producing property with lots of potential. Located within LaSalle city limits within 2 miles of the intersections of I-80 & I-39, I-80 & Route 178 and I-39 & Route 6. Near Starved Rock State Park. For legal descriptions and more information, call the auctioneers. *** 1% Buyer Broker compensation paid, must be pre-registered with Marty McConville by 5:00 p.m. July 1 st. TERMS OF SALE: 1. The property will be offered on a per acre basis times the surveyed acres Tract 1 188.63 acres, Tract 2 118.76 acres, Tract 3 71.01 acres, Tract 4 27 acres MOL,to be determined by a survey, times the successful bid price per surveyed acres. The tracts will be offered individually as a buyers choice. The successful bidder(s) may take any parcel or a combination of parcels. The property will not be offered as a whole. 2. The successful bidder(s) will be required to pay a down payment of 10% of the successful bid price on the day of the auction. The balance will be due on or before August 8, 2011 when title will be given upon closing. The successful bidder(s) will be required to enter into a contract for sale of Real Estate on the day of auction, which said contract shall embody the terms of sale. 3. Title will be by a Commitment of Title Insurance as issued by a reputable Title Insurance company subject to the usual and customary conditions and exceptions contained in said policies. At the time of final settlement an Owners Policy of Title Insurance will be issued by a Title Insurance Company licensed in Illinois subject to the exceptions in the amount of the sale price will be furnished to the successful bidder(s). 4. The sale will be subject to the following: (A) General Real Estate Taxes for the year 2011 will be paid by the seller. The 2012 Real Estate Taxes and all subsequent years will be paid by the purchaser. (B) Building lines, easement, covenants, and restrictions of record. (C) A survey will be furnished by the sellers. (D) Rights of way for drainage ditches, drain tiles, feeders, and laterals. Easements of record and public utility easements. (E) Rights of public, the State of Illinois, the County of LaSalle, and the Municipalities in and to that part of the premises, if being used for highways and roads. 5. The seller reserves the right to accept or reject any and all bids. 6. All tenancies for the 2012 farm year will be terminated. Cash rent for 2011 will be retained by the seller. Possession will be given at closing subject to the tenants rights. 7. For inspection of the property, a copy of the Title Commitment or further information, contact the auctioneers. 8. All announcements on the day of auction take precedence over printed material. Owners: Ronald Senica Family & Trust Attorney for Seller: Paul Perona 4110 Progress Blvd. Peru, IL 61354 815-224-4102:: AUCTIONEERS Dick McConville Marty McConville Joe McConville 8 1 5-2 4 6-7 0 2 0 8 1 5-7 1 2-1 7 0 9 8 1 5-5 3 9-5 6 7 3 www.mcconvillerealty.com www.biddersandbuyers.com